Every weekend, we write a piece we call "The Weekly Top 10". However, this is NOT a regurgitation of Barron's or the weekend edition of the WSJ. Instead, we try to cover the issues most people are not focusing on...and when we do talk about the mainstream issues, we try to look at them from a unique angle......Below, you will find two of our bullet points (#'s 1 & 5) from this weekend's edition (both the "Short Version" and the "Long Version" of those bullet points). If you would like to see the full edition...and see what our subscribers get every weekend (along with our "Morning Comment" on a daily basis during the week), please click here to subscribe to "The Maley Report" (TheMaleyReport.com)......Thank you very much.
THE WEEKLY TOP 10
---1) We have been involved in the markets too long to believe what many pundits are trying to argue today. They’re not using the phrase, “It’s different this time,” but they ARE still using this argument. They’re just using different words to describe it……....We understand that the Fed is providing loads of liquidity right now, but they also know that they cannot control bubbles once they develop, so they will still do what the need to do to avoid one. In other words, this liquidity will not last forever.
---5) Believe it or not, the chip stocks have been underperforming over the last month. That’s right, the SMH semi ETF has rallied “only” 1.8% vs. a more than 6% rally in the broad XLK tech ETF (and +3% in the S&P 500). This is NOT a major problem…given how well the group outperformed for much of last year. However, the group did get quite overbought recently…and thus ...