Monday, January 02, 2017

No UK House Prices Brexit Crash 2016 Despite London Weakness, Forecast 2017 / Housing-Market / UK Housing

By: Nadeem_Walayat

UK house prices ended 2016 up 7.2% (provisional) despite London house prices weakness that according to the Nationwide increased by an average of just 3.7%, near half the UK rate. This illustrates why so many housing market analyst / journalists got UK house prices so badlty wrong for 2016 as they mistakenly latched onto London weakness as sign for a imminent UK housing market bear market or worse a Brexit CRASH After all the consensus view was that if London was weak then the rest of the UK would be suffering far worse. This view was liberally regurgitated across the mainstream press all year.

Sunday, January 01, 2017

The Stock Market Has Topped. Next Up the US Dollar Driven Bloodbath / Stock-Markets / Stock Market 2017

By: Graham_Summers

The momentum driven post election rally has ended. Next up is the US Dollar driven collapse in the markets.

Copper called this weeks ago as we noted before. No one listed. It’s now down nearly 10% from its peak and clinging to support for dear life.

Sunday, January 01, 2017

Is China About to Demand the US Dollar Lose Reserve Currency Status? / Currencies / US Dollar

By: Graham_Summers

The biggest issue in the financial system… the issue that CNBC is completely avoiding… and 99% of professionals are ignoring is the US DOLLAR.

The US Dollar has ripped to 103.

Sunday, January 01, 2017

Gold And Silver 2017 – The Golden Lye / Commodities / Gold and Silver 2017

By: Michael_Noonan

Lye – [noun] a strongly alkaline solution, esp. of potassium hydroxide, used for washing or cleansing.

There has indeed been an ongoing cleansing in the precious metals market since the spike highs five years ago. Remember, there have been calls for a massive turnaround in prices for both gold and silver since 2013…2014…again, even more so in 2015. 2016 has just freshly passed, and both metals continue to flirt with their lows from a year ago. A few years ago, all the rage was for the man and woman on the street to be buying gold and silver coins, long lines, especially in China, forming for blocks to make purchases for the inevitable rally “sure” to soon follow.

Sunday, January 01, 2017

Biased 2017 Forecasts - Debt, Housing and Stock Market (1/2) / Stock-Markets / Financial Markets 2017

By: James_Quinn

A couple weeks ago I was lucky enough to see a live one hour interview with Michael Lewis at the Annenberg Center about his new book The Undoing Project. Everyone attending the lecture received a complimentary copy of the book. Being a huge fan of Lewis after reading Liar’s Poker, Boomerang, The Big Short, Flash Boys, and Moneyball, I was interested to hear about his new project. This was a completely new direction from his financial crisis books. I wasn’t sure whether it would keep my interest, but the story of Daniel Kahneman and Amos Tversky and their research into the psychology of judgement and decision making, creating a cognitive basis for common human errors that arise from heuristics and biases, was an eye opener.

Sunday, January 01, 2017

President Donald Trump's 2017 New Year Message, BBC Fake News, Was 2016 a Dream? / Politics / US Politics

By: Nadeem_Walayat

President Elect Donald Trumps's frank and truthful New Year Message to all americans of what to expect come January 20th. Whilst the mainstream media in a desperate attempt to survive has now decided to embrace fake news as illustrated by BBC. And lastly, did BrExit and Trump really happen? Or was 2016 all just a dream so that we are going to be waking up in a few short hours to January the 1st 2016.

Saturday, December 31, 2016

Most Popular Financial Markets Analysis of 2016 - Stock Market Crash Postponed Again / Stock-Markets / Financial Markets 2016

By: Nadeem_Walayat

The two most unexpected political shock events of the year were Britain's EU Referendum BrExit vote that literally no one in the establishment media, markets, the pollsters or bookies saw coming, which left a newly appointment Prime Minister to explain what BrExit exactly means who response is always that "BrExit means Brexit". Though many who commentated on breakfast, I mean Brexit end up confusing the two. "Brexit means Breakfast". Anyway we shall soon find out exactly what BrExit means....

Saturday, December 31, 2016

Trump’s Praise for Putin’s Moral High Ground Exposed Obama’s Vindictiveness / Politics / US Politics

By: Stephen_Lendman

In response to Obama’s new sanctions on Russia, illegal by any standard, Trump praised how Putin handled his action, tweeting “(g)reat move on delay (by V. Putin) - I always knew he was very smart.”

A follow-up related tweet said “Russians are playing #CNN and @NBCNews for such fools…they don’t have a clue! @FoxNews totally gets it.”

Saturday, December 31, 2016

Gold and the SPX Stocks Bull Market / Commodities / Stock Market 2017

By: Tony_Caldaro

The market started the week at SPX 2264. On Tuesday the market rallied to SPX 2274 in the opening minutes and then started to pullback. The pullback lasted all week, with one 9 point rally along the way, and hit SPX 2234 on Friday before bouncing to end the week at 2239. For the week the SPX/DOW lost 1.0%, and the NDX/NAZ lost 1.5%. Economic reports for the week were slightly positive. On the downtick: pending home sales, the Chicago PMI, plus the trade deficit increased. On the uptick: Case-Shiller, consumer confidence, the WLEI, plus weekly jobless claims decreased. Next week economic highlights: monthly payrolls, FOMC minutes and the ISMs. Happy New Year!

Saturday, December 31, 2016

Bitcoin and Friends in 2017 / Currencies / Bitcoin

By: Submissions

Greetings from Planet Krypto. We are the real deal, long-timer cryptographic-currency geeks; and today I’m gonna interview me, because I know what questions to ask. Please pardon the over-simplifications:

One: will Bitcoin continue to rise in price?
Yes, because consciousness of the deterioration of fiat currencies is growing. Three years ago, the notion that macroeconomic events would ultimately be the primary price-driver of cryptocurrency prices was almost unheard of. It’s now a no-brainer.
[And the Winklevoss Bitcoin ETF? Nooo era! Feel free to ask me.]

Saturday, December 31, 2016

Barack Obama’s Legacy: War, Debt and Poverty / Politics / US Politics

By: Jeff_Berwick

As 2016 winds down, so does Barack O’Bomber’s $80 million in paid vacations and his legacy of war, debt and poverty.

It’s quite amazing how much one man can ruin a country while playing so much golf.

WAR

Just 12 days after being elected, Barack Obama was nominated for the Nobel Peace Prize. He accepted the prize in Oslo on December 10, 2009.

Saturday, December 31, 2016

Ready for New Year 2017 Massive Rally in Gold and SIlve rand Junior Miners / Commodities / Gold and Silver Stocks 2017

By: Jeb_Handwerger

The Trump presidential election win has pushed capital into a major risk on rally, benefiting stocks, energy and the US dollar.

Interest rates are soaring in line with the Dow breaking 20k indicating major inflationary pressures.

Commodities such as industrial metals, copper and oil are rallying.

Saturday, December 31, 2016

Stock Market Dow Closes 2016 Up 13.4% Confounding Perma Bear Doom Merchants For 8th Year! / Stock-Markets / Stock Markets 2016

By: Nadeem_Walayat

The Dow Jones stock market index closed 2016 up 2338 points at 19,763, up 13.4% for year confounding the doom merchants who saw every surprise event of 2016 from Januarys oil price collapse to Britain's Brexit EU Referendum vote to America's very own self professed Mr BrExit, Donald Trump shocking the American establishment elite by winning the US Presidential election, all and more were apparently definite harbingers for a stock market apocalypse, reaching their most vocal just as the stocks bottomed and surged higher.

Friday, December 30, 2016

SPX Stock Market Flash Crash May be Developing / Stock-Markets / Stock Market Crash

By: Anthony_Cherniawski

SPX cleared and retested Intermediate-term support/resistance now at 2256.83 this morning. It was a pleasant surprise to see it begin a new impulse lower. Although shallow, the new impulse tells us that there is room to decline. It is also a prime candidate for a flash crash as early as today. If the decline remains impulsive and gains momentum, we may see a low as early as Tuesday mid-day. SPX is on a sell signal.

Friday, December 30, 2016

FTSE Stock Market Index Ends 2016 at BrExit New All Time High, Clueless Financial Press / Stock-Markets / UK Stock Market

By: Nadeem_Walayat

The FTSE ended 2016's last day of trading at a NEW ALL TIME high of 7,142, which according the mainstream financial press's reporting for virtually the whole year was an IMPOSSIBLE outcome. After all the surprise BrExit EU Referendum vote result was supposed to have heralded a crash, collapse, recession new bear market, NONE of which materialised!

Friday, December 30, 2016

2016 the Year of BrExit - Exactly Why it Happened / Politics / BrExit

By: Nadeem_Walayat

Exactly why did BrExit happen in the UK?

It happened because the British Prime Minster David Cameron believed his own fantasy Westminster elite bubble reality to be true, thus in his reality there was ZERO likelihood of the British people voting to leave the European Union 9 months after having surprised the pundits by electing the Conservatives back into office. After all if the rebellious Scottish people had voted to REMAIN within the UK who had the highly vocal and organised Scottish Nationalists in charge of running the Scottish government, then how was possible that the British people, 90% of whom in the 2015 General Election voted for either a Labour, Conservative or Liberal Democrat REMAIN MP could result in a LEAVE vote outcome.

Friday, December 30, 2016

Major Stocks Bear Market Still Looms / Stock-Markets / Stocks Bear Market

By: Zeal_LLC

The US stock markets spectacularly defied the odds in 2016, soaring after both the UK’s Brexit vote and US presidential election.  Both actual outcomes were universally feared as very bearish for stocks before the events.  These contrary stock rallies have left traders feeling euphoric, convinced stock markets are impregnable.  But with stock valuations hitting bubble levels in an exceedingly-old bull, a major bear still looms.

Friday, December 30, 2016

Gold: No Bold Predictions for the New Year / Commodities / Gold and Silver 2017

By: Kelsey_Williams

I’m not much of a fan when it comes to New Year’s predictions. There seems to be an almost fanatical obsession with ‘fortune telling’ when it comes to the financial markets.  And gold is no exception.

Some twenty years ago when I was advising my financial planning clients to own gold shares as part of a diversified investment portfolio, my focus was more permanent and long-term.  Of course, that is the way I viewed other asset classes as well. There were certainly no ‘predictions’ about performance over the next year or so.  Since I retired in 2005, I have noticed that the time periods which we consider and focus on with respect to analysis and investing –  be it stocks, real estate, etc. –  have become increasingly short-term.  In fact, the financial markets seem to be more characteristic of casino-type activity.  Investing has become speculation.

Friday, December 30, 2016

Trump, BrExit, Crude Oil, Stocks Bull - Most Popular Market Oracle Videos of 2016 / Stock-Markets / Financial Markets 2016

By: Nadeem_Walayat

2016 is about to come to an end that featured two unexpected shock political events of Britain's EU Referendum BrExit vote that literally no one in the mainstream press, political elite, markets or bookies saw come, and then there was Trump winning the US Presidency, which again shocked the establishment elite. Whilst in the financial markets, the crude oil prices trend garnered much popular interest as the early year oil price collapse had pushed many oil producers towards the edge of economic collapse. And again the BrExit and Trump factors induced much market uncertainty as the consensus expectations were that both events would result in an end of the 7 year long stocks bull market, which instead resulted in the exact opposite trends to a series of new all time highs.

Friday, December 30, 2016

Gold Surges Above $1,150, Mining Stocks Rocket Higher, Time to Buy the Dip? / Commodities / Gold and Silver 2017

By: Jason_Hamlin

The gold price is showing strength heading into the close of 2016. The gold price has advanced for five straight days and is back above $1,150. The price put in a double bottom around $1,125 during December and the recent really suggests this may have been the bottom. After taking out $1,150, the gold price steadily climbed above $1,160 per ounce today.