Grant Williams, who is an extraordinary writer, blogger, and thinker, was kind enough to invite me to coffee when he was visiting Palo Alto a few months ago. He told me about a new venture he was launching called Real Vision TV, which is now live and you can visit by clicking here. My shorthand way of describing it would be “ZeroHedge, televised”, but probably with a good dose less tin-foil-hat and lunatic comments. It’s unique, thought-provoking, and gaining a lot of momentum (plus, I’m honored that they wanted my own contributions with some charting videos). Be sure to check it out; it’s one of the coolest things to happen in finance media in ages……..(and they got a lot of attention with their recent Albert Edwards interview):
In case any of you weren’t aware, I’ve got a regular 15 minute segment on Tastytrade each day, right after the closing bell (the show, appropriately, is called After the Bell). The URL is here, and they keep archives of past shows in case you want to throw rotten vegetables at the screen.
There are a couple of publications I have read on a daily basis for many years, and with each passing day, they both annoy me more: one of them is ZH, and the other is, as I like to say, from “our friends in Gainesville.”
Regarding the latter, I don’t know why I bother. Back during the financial crisis, which I think was about four or five hundred years ago, I was convinced that Elliott Wave truly was the key to the universe. How shall I put this? I, umm, don’t think so anymore. I’d go so far as to say that, in my opinion, Elliott Wave offers not only zero predictive value but can be so profoundly misleading as to be harmful. Yet I still read the stuff, although with rapidly diminishing interest.
Trying not to pre-judge the title as flat out stupid, let’s proceed to the article…
Where to park your money until the next crisis blows over
Greece is on the edge of a dramatic exit from the euro EURUSD, -0.09% . The Russians are meddling in the Ukraine again. The oil price CLH5, -0.46% has been hammered, creating an arc of instability across the Middle East. The global economy is, as is so often the case, poised on the edge of another crisis. If it happens, money will start fleeing to safe havens, somewhere where it can be safely parked to ride out the turmoil.
For no particular reason, I braced myself and watched a few minutes of the Star Wars Holiday Special, which will pretty much wreck any illusions you have that we live in a just and sane universe. A related video caught my eye, though, and it was the 19 minutes of commercials that were aired during the aforementioned special:
Like other members of the sane world, I have been disturbed and distressed about the latest doings of the religion of peace, as Islamic nut-jobs terrorize the gentle citizens of Paris with murder and mayhem. As a writer myself, I feel strongly about the need for uncensored speech, and to see these members of what surely must be the universe’s most psychologically-insecure religion slay satirists is deeply saddening.
And yet on Friday morning, the solution came to me in a shot. And, as with most good solutions, it comes from no less a place than Star Trek: The Original Series. Hear all now my idea: