Sell in May and Go Away
- Written by John Mauldin
- Sunday, 03 May 2009
The old adage that one should "sell in May and walk away" has been around for years. I mentioned that bromide about this time last year, urging readers to head for the sidelines if they had not already done so. I was also suggesting a strategic retreat in August of 2006 (after which the markets went up 20% before plummeting). In this week's letter we look at the actual data and offer up a fresh viewpoint. Then we turn our eyes to the recent GDP numbers, which were awful, though many took comfort in the apparent rise in consumer spending. Are Americans back to their old ways? It will make for an interesting letter.
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The Swiss Start Their Engines
- Written by John Mauldin
- Wednesday, 25 March 2009
About five years ago Greg Weldon (mentioned above), a big NASCAR fan, introduced the idea of a competitive devaluation raceway among Asian countries trying to make sure they could compete against each other to produce "stuff" for the US consumer, with each "car" drafting the other as they went around the turns, trying to get a competitive advantage by manipulating their currencies.
Add a commentWhile Rome Burns
- Written by John Mauldin
- Tuesday, 24 February 2009
The Risk in Europe
I mentioned last week that European banks are at significant risk. I want to follow up on that point, as it is very important.
Add a commentProblems With the Dow Index and Here Comes TARP 3 and 4
- Written by John Mauldin
- Monday, 26 January 2009
What does it mean for Citigroup to be at $3? As it turns out, it distorts the information we think we are getting from the Dow Jones Industrial Index. And more TARP money is surely in our future, and far more than anyone in authority is now suggesting. This week's letter will cover both topics and a little more. I think you will find it interesting.
Why Is the Dollar Rising?
- Written by John Mauldin
- Monday, 24 November 2008
