Thursday, October 22, 2015
It’s Not Time to Sell the German DAX / Stock-Markets / Stock Markets 2015
By: Sol_Palha
He who trims himself to suit everyone will soon whittle himself away. -
Raymond HullAgain, the talking heads are claiming that there is a pattern that overtly implies that the Dow tends to follow the DAX. When the markets were free or had some elements of freedom in them, one could give some credence to these patterns, but today where fraud and manipulation are the order of the day....... Such patterns have to be taken with a jar of salt. By maintaining an ultra-low interest environment for an unusually lengthy period of time, the Fed has fostered an environment that rewards speculators and destroys savers. Nothing could be more insane, but this is the predicament most people find themselves facing today.
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Thursday, October 22, 2015
Reshuffling the Deck in the Mideast / Politics / Middle East
By: John_Browne
The U.S. presence in the Middle East, which for years provided some control over one of the world's most volatile regions, appears to have dissolved into chaos. By removing Saddam Hussein from power, the U.S. removed his tyrannical but stabilizing hand from the powder keg that always existed in the poorly designed nation state of Iraq. Rather than attempting to repair the damage, President Obama appears intent on leaving what he terms "a quagmire." Predictably, chaos has emerged, not just in Iraq, but in Syria as well. The rapidly changing political landscape is pushing major regional players like Turkey, Egypt and Saudi Arabia to drastically reshuffle their assumptions and allegiances.
Thursday, October 22, 2015
Notes from the Asylum / Stock-Markets / Financial Markets 2015
By: John_Mauldin
By Jared Dillian
First, a shameless plug. Please follow me on Twitter.
Now on to today’s topic. You probably heard that Dreamy McDreamerson is the new Canadian prime minister, opening a can of Canadian whoop-ass on Harper. Here is the crux of it.
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Thursday, October 22, 2015
SPX is Higher, But May Not Survive the Day / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
SPX Premarket is higher in a minute-retracement at 8:45, but may not survive until the open. Caterpillar shares tumbled as its revenues plunge 19%. There is a blitz of earnings reports today and it is difficult to say how it may close.
Will bad news finally be bad news?
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Thursday, October 22, 2015
Stocks Bullish but Bond Bull Market is Over / Stock-Markets / Financial Markets 2015
By: John_Mauldin
I generally send out two letters a week. The letter that arrives in your inbox over the weekend is Thoughts from the Frontline and is written by me. The second letter, which is called Outside the Box, generally comes in the middle of the week and is an article or essay written by someone else that I think merits your time. Quite often I disagree with the sentiment or analysis being expressed, but I find the writer makes me think about alternatives to my personally favored presuppositions. It is always good to listen to the other side of the story, especially when we are talking economics and finance and our investment portfolios!
Thursday, October 22, 2015
Stock Market Diagonal Trendline is Broken / Stock-Markets / Stock Markets 2015
By: Anthony_Cherniawski
SPX appears to have not only broken its Ending Diagonal trendline, but also the horizontal supports, as well. Yesterday’s high at 10:45 at 2039.12 appears to be the Primary Cycle high.
We appear to be headed for a high probability low on Oct 30. It may stretch into the following week, but indications are ideal for a low next Friday, with the probability of Congress and the Senate agreeing to kick the can that weekend.
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Thursday, October 22, 2015
Everything’s Deflating And Nobody Seems To Notice / Economics / Deflation
By: Raul_I_Meijer
Whenever we at the Automatic Earth explain, as we must have done at least a hundred times in our existence, that, and why, we refuse to define inflation and deflation as rising or falling prices (only), we always get a lot of comments and reactions implying that people either don’t understand why, or they think it’s silly to use a definition that nobody else seems to use.
-More or less- recent events, though, show us once more why we’re right to insist on inflation being defined in terms of the interaction of money-plus-credit supply with money velocity (aka spending). We’re right because the price rises/falls we see today are but a delayed, lagging, consequence of what deflation truly is, they are not deflation itself. Deflation itself has long begun, but because of confusing -if not conflicting- definitions, hardly a soul recognizes it for what it is.
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Thursday, October 22, 2015
4900 Nasdaq...2030 to 2050 S&P 500...Battle Zones For Both Sides / Stock-Markets / Stock Markets 2015
By: Jack_Steiman
The battle zone levels have been established. The Nasdaq at 4900 or the midpoint of the double top and 2030 to 2050 on the S&P 500 or the two-hundred day, exponential moving average and downtrend line. Getting over the last moving average is key for without it we cannot test that key, downtrend line. So for the short-term we focus on 2030 on the S&P 500. When markets get close to major breakout or breakdown levels, you see it get a bit more volatile as each side is trying harder to get what they want or need.
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Thursday, October 22, 2015
USO Patience Before Picking Cycle Low / Commodities / Crude Oil
By: Gary_Savage
A little more patience before trying to pick the cycle low in oil. RSI is just now getting oversold so its getting close.
I Like to see price close below the lower Bollinger band before trying to pick the bottom. Once it does then wait for a swing low to form.
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Wednesday, October 21, 2015
Find Out What Doug Casey Is Buying Today / Stock-Markets / Investing 2015
By: Casey_Research
By Dan Steinhart
Doug Casey was asked to leave the stage…If you’ve never heard Doug speak, you should. His controversial opinions always rile up the room. This time was no different…
The founder of Casey Research opened our ninth annual Casey Research Summit this weekend in Tucson, Arizona, with a lively talk about “the perversion of words.”
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Wednesday, October 21, 2015
How the Big White Lie of Investing Could Cost You Your Retirement / Personal_Finance / Pensions & Retirement
By: DW
Mark Ford writes: I consider myself an expert of sorts on retirement. Not because I've studied the subject, but because I've retired three times.
Wednesday, October 21, 2015
Insane “Trillion Dollar Platinum Coin” Option Ruled Out By U.S. Treasury To Avert New Debt Crisis / Interest-Rates / US Debt
By: GoldCore
The silly and somewhat insane uber Keynesian “Trillion Dollar Platinum Coin” appears to be now firmly off the table.
The US Congress has once again ruled out the possibility of issuing a “trillion dollar platinum coin” floated as a possible solution to the looming US Debt Crisis.
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Wednesday, October 21, 2015
Did USD Just Bottom? Did EUR Just Top? / Currencies / US Dollar
By: EWI
Find out free -- now, during Forex FreeWeek at elliottwave.com!
Late last week -- and then again on Monday -- EURUSD, the world's most traded forex pair, fell sharply. In fact, the euro lost almost 200 pips, or two cents, against the buck.
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Wednesday, October 21, 2015
Why Star Trek Is Wrong: There Will Always Be Scarcity / Economics / Economic Theory
By: MISES
Jonathan Newman writes: With the recent successes and announcements of sci-fi movies and TV shows like The Martian, Interstellar, and new incarnations of Star Trek and Star Wars, no one can deny that we crave futurism and stretching our imagination on what advanced technology can accomplish. Many look to the example of these fictional worlds as an indication of what life might be like when technology can provide for all of our basic needs, a condition some call “post-scarcity.”
Wednesday, October 21, 2015
US Dollar Key Days / Currencies / US Dollar
By: Gary_Savage
The next two days are key. If the bounce over the last three days was the start of a new daily cycle then gold will drop down into a hard daily cycle low.
If one the other hand the dollar forms a swing high today and closes significantly back below the 10 DMA and more importantly follows through to the downside tomorrow it will signal that the bounce was a counter trend move and the dollar is going to test the August lows before the cycle bottoms.
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Wednesday, October 21, 2015
Wal-Mart Symbol of U.S. Economic Condition / Companies / Retail Sector
By: BATR
Whether you love it or hate it, Wal-Mart is a goliath among giants. It employs 1.4 Million Americans or 1% of the work force. As a gauge of economic activity, financial analyses weigh the performance, sales and consumer attitudes closely. So with the historic stock crash of 10% in one trading day and 22% overall, quite a lot of attention was reported. Most noteworthy comes from The Street; Did Wal-Mart’s CEO Just Drop a Major Bombshell?
Wednesday, October 21, 2015
Why Opportunistic Investor Chen Lin Is Hoping for $20/Barrel Oil / Commodities / Oil Companies
By: The_Energy_Report
A quick drop to $20/barrel oil could be the best thing for energy companies with enough cash in the bank to take advantage of the sharp bounce predicted in the wake of such a dramatic fall. In this interview with The Energy Report, newsletter writer Chen Lin names two companies that could not only survive the oil price downturn, but also are perfectly positioned in the global market to start generating barrels of cash for investors.
Wednesday, October 21, 2015
David Cameron Grovels At the Feet of Xi Jinping Chinese Emperor Dictator / Politics / UK Politics
By: Nadeem_Walayat
David Cameron whilst on the one hand encouraging sanctions against the likes of Czar Putin, Russia's tin pot dictator for his rampage across eastern europe. Instead embarrassingly, when faced with China's Emperor Dictator Xi Jinping, David Cameron has bent over backwards to have not just himself but the whole of the British establishment literally groveling at the feet of the head of the emerging totalitarian global military power, that in many respects is worse than Czar Putin's Russia.
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Tuesday, October 20, 2015
China’s Stock Market Crash and Gold / Commodities / Gold and Silver 2015
By: Arkadiusz_Sieron
The stock market crashes were – alongside the devaluation of yuan – the most important recent developments in China. The stock market started rising during the summer of 2014, when the property market started to burst. The timing is no coincidence, as the government wanted to replace one bubble by another. By inflating (or at least cheerleading) the stock market bubble (by cutting interest rates and providing liquidity into the markets via the Pledged Supplementary Lending and Medium-Term Lending Facility, the Chinese version of quantitative easing both worth over the 2 trillion yuan), the Communist Party of China wanted to sell equity stakes of dangerously debt-burdened state enterprises and help clean up messy balance sheets, as well as to create a wealthy middle class, as a condition to move from exports/investment-led growth to domestic-consumption-led growth.
Tuesday, October 20, 2015
American Households Confusion, Delusions & Illusions, Living on the Brink of Catastrophe / Politics / Social Issues
By: James_Quinn
Two recent surveys, along with numerous other studies and data, reveal most American households to be living on the brink of catastrophe, but continuing to act in a reckless and delusionary manner. There have certainly been economic factors beyond the control of average Americans that have resulted in real median household incomes remaining stagnant for the last 36 years. The unholy alliance of mega-corporations, Wall Street and bought off corrupt politicians have gutted the nation of millions of good paying jobs under the guise of globalization, while utilizing debt, derivatives and financial schemes to enrich themselves. The malfeasance of the sociopathic privileged class does not discharge the personal responsibility of citizens for living within their means. A lack of discipline, inability to delay gratification, failure to understand basic mathematical concepts, materialistic envy, absence of critical thinking skills, and a delusionary view of the world have left the majority of Americans broke and in debt.