Bill Bonner's Diary


A Phone Call From President Obama

When will these markets get back to business? Probably soon. But not yet. Yesterday was another meaningless, directionless, pointless day. Even the financial press seems to be out at the beach. Nothing much of interest has come our way for weeks. And still no call from the White House! We’ve been sitting by the phone. Every once in a...


A Strong Contrarian Signal That This Market Is Toast

It’s still sum… sum… summertime. Still lazy hazy. Still crazy. And still not much action in the financial markets. The Dow sold off a little on Friday. Gold went nowhere. You’ve already heard our guess: Investors are marking time… waiting… procrastinating… maybe even thinking things over. The serious action won’t begin until summer ends. Then […]

Thank You, TSA, NSA, IRS, FBI and CIA!

It’s been “Bureaucrat Appreciation Week.” Just when we had lost all respect for them, we notice a countertrend. It’s time for us to get in step. So, today, we take time out from our regularly scheduled programming to thank the people who rule us… To the TSA agents at airports… to the IRS agents who audit our tax returns…...

The Bottom Is Still Ahead for This Bear Mark

The dog days of summer continue. Not much action on Wall Street. Everything is on hold. The future will have to wait. But (taking a wild guess) when history starts up again we will see that: The bond market topped out in May. (Since then, bondholders have lost a lot of money. People who depend […]

The Bottom Is Still Ahead for This Bear Market

The dog days of summer continue. Not much action on Wall Street. Everything is on hold. The future will have to wait. But (taking a wild guess) when history starts up again we will see that: 1) The bond market topped out in May. (Since then, bondholders have lost a lot of money. People who depend on low bond...

Bonner for Fed Chairman!

The Dow fell 93 points yesterday. Gold fell $19 an ounce – closing below $1,300 an ounce. Nothing serious. But the autumnal trend should start to reveal itself soon. Usually, markets begin to give hints as to where they are going in August. Then in the fall… they set out in earnest. The bond market […]