Mike Hampton Guest-Presents with Erik Townsend and Dave Skarica
Posted by commoditywatch on August 14th, 2010
Michael Hampton aka Dr Bubb guest presents this August show and talks to Dave Skarica and Erik Townsend.
They discuss the short term and long term set-up in the markets, and examine the prospects from both a Bearish and Bullish point of view. Some indicators we look at include: unemployment data, the current preponderance of negative economic indicators, and the longer term impact of the hugely negative sentiment readings we saw back in late June. Does the bull market still have legs? Will a new rally be fueled by QE2? Or will it be overwhelmed by events associated with the Cardinal climax, or a big Elliott third wave to the downside? We also consider whether or not the market is now seeing a seasonal low in gold prices.
There was an error near the end of the podcast, in my reference to the Baltic Dry index. In fact, the chart I had seen was the “Aifreight & Logistics Index” - see chart: http://tinyurl.com/AirF-Aug6 (thanks, Hogwild) - and not the Baltic Dry Index, which has had a tiny rally by comparison. For those with sensitive ears, you will notice that there are some minor distortions in the quality of the audio, something we will endeavour to improve on future podcasts
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August 14th, 2010 at 10:39 pm
You should rename this Astrology for Bulls and Bears.
Seriously this used to be a very good market podcast show. The over-focus on astrology has become quite tedious, to put it mildly.
August 15th, 2010 at 3:14 am
“over-focus on astrology”? Why? It seems to be working well enough. See this thread, with some common patterns (”Grace Boxes”) at Turning Points: http://www.greenenergyinvestors.com/index.php?showtopic=10682
The trick is: to combine the astro-cycles with other Technical indicators and fundamentals. Since Erik Townsend mentions them, I can tell you that we are following the (sliding!) Leading Indicators on GEI. And other observers like David Rosenberg are speaking sense about the deteriorating economic fundamentals.
Rosenburg thread: http://www.greenenergyinvestors.com/index.php?showtopic=10794
August 24th, 2010 at 2:02 am
Aldous Huxley:
The unexamined life is not worth living.
Dominic, I continue to appreciate your show, even though I always disagree with Skarica.
September 12th, 2010 at 6:58 pm
If anyone is interested… There has been a follow-up series of podcasts regarding Hyperinflation on : http://tinyurl.com/GeiRadio
There was an interview with Mish & Eric T., and with Gonzalo Lira, and they have “gone viral”, with over 4,000 downloads since a mention on ZeroHedge by Tyler Durden.