... is Scott Grannis' Calafia Beach Pundit.
When things crashed in 2008, I started reading a bunch of financial blogs, but ditched each when their predictions didn't come to pass or it was obvious they were nuts. Many of the ones who had predicted the crash kept on predicting crashes that never came. I discovered that the reason they got it right in 2008 is that they were broken clocks and that was one of the few times they hit the jackpot.
Scott's blog is well-written, filled with data and easy-to-consume graphs. He's not biased on one side or the other of bull vs bear and he's apolitical. I highly recommend it, particularly right now when the market is taking a dive.
Reminds me-- a brilliant tactic for investment frauds, from way back when:
ReplyDeleteSend out letters predicting what a specific stock will do to a large number of people, as a "free sample" of your skills. Tell half it will go up, half it will go down. Whichever it does, send the half you told that letters saying it will go up or go down. Whichever it does, send the half you told that... and so on.
Eventually, offer to invest their money for, oh, 5% of the profits.
Then leave town with the money.