At Market Shadows, our goal is to teach sound investing skills and show how to profit from current trends. We also provide insights from financial blog writers who have granted us permission to share their work.

“I Used To Be A Big Deal… And Then A Billion Dollars Walked Out The Door” – Hugh Hendry’s Sad Story

Hugh Hendry’s presentation to Skagen is worth watching. Hendry is co-founder and hedge fund manager of Eclectica Asset Management. Zero Hedge provides some excerpts and their comments below the video.

Courtesy of Zero Hedge. View original post here.

Full presentation to Skagen:

In a somewhat more manic-than-usual [Continue Reading]

Terrorism Doesn’t Matter to the Markets?

Courtesy of Phil of Phil’s Stock World

I think it’s amazing.

They caught the Brussels bomber (the one that didn’t blow himself up) and there was an extra bomb, so he could have killed more people – yet the markets in Europe are UP this morning.  Sure it’s nice they caught the guy, and they say it’s [Continue Reading]

Janet Fakes It and Buys Just One Day

Janet Fakes It and Buys Just One Day

By Phil Davis of Phil’s Stock World

[picture frometfdigest.com]

One day more.

Like those about to die miserably in Les Miserables, our fearless Fed leader sang the same old song with a few new lines (well, [Continue Reading]

Price Matters

Paul Price (at RealMoneyPro.com) has been buying MCK and PRGO recently. He sends us a few charts illustrating his strategy, which is simply this: Buy solid companies when they are trading at valuations lower than their own historical averages, when the price is depressed due to market conditions, rather than serious company specific problems. These stocks also present excellent [Continue Reading]

Tell me when the dollar rally ends, I’ll tell you when EM starts working again

Tell me when the dollar rally ends, I’ll tell you when EM starts working again

Courtesy of Joshua Brown

A really simple chart that illustrates an incredibly powerful trend.

Emerging markets [Continue Reading]

Complete and Utter Scam: Oil Prices

Phil’s article below was from yesterday morning, before today’s big spike in oil prices (2-12-16). He follows up on Oil Fears Spook Investors (Again), from Monday.

Why is oil currently up almost 12%? “US crude surges as much as 12% on output-cut [Continue Reading]

Oil Fears Spook Investors (Again)

Oil Fears Spook Investors (Again)

From Phil Davis’s Monday article at Phil’s Stock World

We should all fear Oilmageddon!” 

That’s the word from CitiBank, which is SUPPOSED to be the voice of [Continue Reading]

Pros and Cons of Obama’s $10 Barrel Oil Tax

Assuming you own some stocks, it’s probably a good idea to distract yourself and avoid headlines this weekend. For instance, [Continue Reading]

This happens all the time

Here’s a very good article by Joshua Brown, who sends you to another article by Michael Batnick, the Irrelevant Investor. Today, Michael writes It Was The Best of Days, It Was The Worst of Days, which I also recommend reading.

[Continue Reading]

Turnaround Tuesday (in the Stock Market)?

Turnaround Tuesday? Checking Those Bounce Lines

Courtesy of Phil of Phil’s Stock World

Well, it’s been a rotten month.

All of our sectors are down, other than Utilities, and they are still down 3.4% over the last 6 months so that’s only a strong bounce (40% of the drop) in that sector anyway.  Still, it’s the only ray [Continue Reading]

A Market of Bears

A Market of Bears

By Ilene

We’re already in a bear market, but don’t panic.

Stock markets go up, down and sideways. The declines can be minor (corrections) or severe (bears!!).

The most significant declines are called “bears” because they feel a little like being mauled by a bear. A bear market is arbitrarily defined as a [Continue Reading]

PSW’s Secret Santa’s Inflation Hedges for 2016

PSW’s Secret Santa’s Inflation Hedges for 2016

By Phil Davis

Happy Holidays!

I hope you get everything you want this holiday season and, most importantly, hope you have time to spend with your family. I love waiting for my kids to wake up on Christmas morning to come out of their rooms so I can videotape (gosh I’m old, there’s no tape anymore) them in [Continue Reading]

Sticker Shock: Fed to Hike Rates First Time in NINE Years!

Sticker Shock: Fed to Hike Rates First Time in NINE Years!

Courtesy of Phil’s Stock World

A rate hike – what’s that?

It has been so long since the Federal Reserve has raise interest rates in the US that Banks and Brokerage [Continue Reading]

We’re All Hedge Funds Now, Part 3: Even The Swiss Are Taking Insane Risks

We’re All Hedge Funds Now, Part 3: Even The Swiss Are Taking Insane Risks

Courtesy of John Rubino

Let’s start with the latest on the global descent into negative [Continue Reading]

Untangling America From The American Empire

Courtesy of Charles Hugh-Smith, Of Two Minds

The Status Quo would have us believe that America and its Empire are one entity. It is false: America could be untangled from its Empire. And many of us believe it is essential that America untangles itself from its Imperial structures and [Continue Reading]

Former Australia Prime Minister Chastises EU on Securing Borders, Economic Migration; Mish for President Review

Courtesy of Mish.

In a speech I almost completely agree with, former Australia prime minister Tony Abbott chastised the EU in an address at the Second Annual Margaret Thatcher Lecture in London on October 27, 2015.

Tony Abbott told the EU to shut its borders because "a country that cannot control [Continue Reading]

The Demobilization Of The American People & The Spectacle Of Election 2016

Courtesy of Tom Engelhardt of TomDispatch

You may not know it, but you’re living in a futuristic science fiction novel. And that’s a fact. If you were to read about our American world in such a novel, you would be amazed by its strangeness.  Since you exist right smack in the [Continue Reading]

Financial Markets are a Game

Courtesy of EconMatters

Forget about Market Multiples: Totally Meaningless Sell-Side Crap

Anyone thinking about investing in financial markets should realize that most of the professionals who are on the inside, i.e., have power and access to information and capital to move markets, do not [Continue Reading]

Europe in Deflation: Got (cheap) Milk?

 

Europe in Deflation: Got (cheap) Milk? 

Why falling food prices are not a boon for Europe's economy

By Elliott Wave International

In the early 1990s, two simple words from a genius ad campaign radically transformed the way the U.S. consumer saw it: "Got Milk?"

Suddenly, the narrative changed [Continue Reading]

PhilStockWorld.com Weekly Trading Webinar – 10-28-15

 

PhilStockWorld.com Weekly Trading Webinar – 10-28-15

Timeline

1:40 The Fed: Might it raise rates? Dec. is a terrible time. 

3:23 NG, RB, TLT, AAPL, NFLX, TSLA, AMZN

6:34 NQ laggard at 4,637, Trade Idea

11:20 BHI Trade Idea

13:40 Natural Gas (SNATGAS), rolling average; there's a point at which prices won't go lower because producers will [Continue Reading]

Eventually The Weight Becomes Too Much To Bear

Courtesy of Dana Lyons

The “equal-weight” S&P 500 has dropped to near 3-year lows versus the cap-weighted version. Previous such events under similar conditions occurred at inauspicious times.

Continuing with the impromptu weekly theme regarding the relatively “thin” nature of the recent stock rally, today we take a look inside the S&P [Continue Reading]

Dirty Secrets, Hush Money, Conviction of Former US House Speaker Dennis Hastert; Was Justice Served? Could Gold or Bitcoin Have Helped?

Courtesy of Mish.

Reuters reports Ex-House Speaker Hastert Pleads Guilty in Hush-Money Case.
Former U.S. House Speaker Dennis Hastert pleaded guilty on Wednesday to a federal financial crime in a hush-money case stemming from allegations [Continue Reading]

Valeant Flash Crashes On Report CVS Terminates Its Philidor From Caremark Pharmacy Network

Courtesy of ZeroHedge. View original post here.

A few days ago we laid out Valeant's "Enron" org chart, laying out the extensive, and previously undocumented and in fact, secret, relationships between Valeant and Philidor – the specialty pharmacy whose sole customer is Valeant.

[Continue Reading]

This Is What The “Invasion Of Europe” Looks Like

Courtesy of ZeroHedge. View original post here.

On Monday, we brought you a series of still shots along with a video which depicted the scope of Europe’s migrant crisis via drone footage.

The point in highlighting the [Continue Reading]