Article Digest - September 9, 2013

Obama’s Tightrope Walk

Last week began with certainty that an attack on Syria was inevitable and even imminent.  It ended with the coalition supporting the attack somewhere between falling apart and not coming together, and with U.S. President Barack Obama making it clear that an attack was inevitable, maybe in a month or so, if Congress approves, after Sept. 9 when it reconvenes. This is a comedy in three parts: the reluctant warrior turning into the raging general and finding his followers drifting away, becoming the reluctant warrior again. Read More…


Special Report: The QE Top

At the end of August 2000, I offered that the market (especially the most speculative segment of the market at that time, the NASDAQ looked like it was in the most dangerous position since late August 1929.  The Dow Jones Industrial Average, which captured the heart and soul of speculation in the Roaring 20s, topped on September 3, 1929, followed by a crash. Read More…


What Do Mining Stocks Tell Us About Gold’s Future Moves?

Yesterday, gold stopped a five-day rally that had pushed it to its highest since mid-May, and lost some of its safe-haven appeal as the chance of imminent US military strikes against Syria seemed to diminish and investors booked profits. My firm wrote that we didn’t expect any military intervention in the next few days, and that it seemed to us that markets had overestimated the probability of such intervention taking place in the near term. Read More…


How Do I Hate Thee? By John Mauldin

When I was growing up, Labor Day always marked the official end of summer,since we started school the next day. These days everyone seems to start school sometime in August, but for those of us of a certain age, the natural annual rhythm is still to see the last few days of August as the end of a carefree summer. So with a nod to your need for a little more summer relaxation, I will try to keep this letter shorter than usual. Read More…