Juggling Dynamite

World MoneyShow Vancouver March 27 and 28

Tomorrow afternoon I will be speaking at the World Moneyshow Vancouver with a presentation at 4pm.

The event is held at the Vancouver convention centre east today and tomorrow, and is host to some well-known financial speakers.

After my talk I will be taping some media spots as well as sitting down for an interview with Gloom, Boom, and Doom author Marc Faber.  Should be a full day.

You can learn more or register on line to attend the event on their web site here.

As always, what a market commentator sees and says is always a function of where they sit or who they work for.  One thing for sure…the breadth of market opinion will be wide as always.  LOL

If you do come down to the show and see me, do say hello.

This really is starting to look like that old film classic Groundhog Day or is it more like Texas Chainsaw Massacre? Sauved by the soft sounds of reassuring Central bankers, volatility has plunged to complacent lows once more just as price risk has soared. This pattern has coincided with market peaks and unexpected losses thereafter each Spring for the past several years as shown in this chart of the VIX (Volatility index) below. Will this time break trend, and not follow-up with the next crushing blow to unsuspecting investors? Will this time be different? Who feels lucky?

Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.

As risk markets screamed higher on more dope-hope from the US Fed today, the US housing data continues to be uniformly bleak. (Well actually economic data has been disappointing 2 for 1 to any upside surprise in each release this month.) But who’s counting? Who needs a growing economy, or customers or jobs when you have the ever liquidity-pumping central banks to goose stock prices higher? US Food stamps certainly are a high growth sector, at now over 47 million users, new enrolments are topping 400K a month. Don’t worry, be happy the Fed has our back. Oh wait, no, the Fed works for the banks. Wait who will bail out individuals when their retirement savings implode again ahead?  Here is a direct link.

Here is another direct link on the plight of housing–the US economy’s “life blood”.