Tuesday, September 22, 2015
World Enters Twilight Zone Where Markets Demand Higher Interest Rates / Stock-Markets / Stock Markets 2015
So the Fed decides not to raise rates, and global stocks tank. Then they trot out their in-house PR staffer Jim Bullard to proclaim that rates will go up next month — and US stocks rally. What’s going on here?
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Tuesday, September 22, 2015
"Interest Rates Drive Stocks"? See 4 Charts That Tell You the Truth / Stock-Markets / Stock Markets 2015
These 4 charts show why you should be careful with this common investment "wisdom"
Robert Prechter's monthly Elliott Wave Theorist once published a ten-part study explaining why traditional financial models failed to foresee the 2007-2009 financial crisis -- and, more importantly, why they are doomed to fail again (and again).
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Tuesday, September 22, 2015
Conspiracy Facts Show Precious Metals Prices Have to Rise / Commodities / Gold and Silver 2015
Even in a frozen metals price market, it only takes one event to shake off the paper manipulation keeping prices below what supply and demand fundamentals of a free market would dictate. And when that correction comes, it could happen quickly. In this interview with The Gold Report, The Morgan Report Publisher David Morgan shares his favorite ways to own leverage to metals prices upside while protecting against junior mining risk.
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Monday, September 21, 2015
Income Options for Seniors Running Out of Money / Personal_Finance / Pensions & Retirement
Marc Lichtenfeld writes:Many people remember fondly when their parents gave them allowances for doing chores around the house or maybe a few bucks for their birthdays.
However, with over half of today’s seniors unable to pay for their basic needs, more and more adult children are taking care of their parents’ finances.
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Monday, September 21, 2015
Citibank Calls for Helicopter Money Drops across the Globe / Stock-Markets / Quantitative Easing
Stefan Gleason writes: A quietly panicking Janet Yellen and the Federal Open Market Committee (FOMC) decided the U.S. economy still isn’t ready for an interest rate hike last week and left the Fed funds rate at essentially zero – the same level to which the Fed’s credibility has now sunk.
After incessantly hyping the notion an economic recovery would allow the “normalization” of interest rates, the decision not to act suggests the economy is much weaker than they have attempted to persuade us.
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Monday, September 21, 2015
Stock Market Just Formed a “Death Cross” - Should You Worry? / Stock-Markets / Stock Markets 2015
By Justin Spittler
The world economy appears to be stalling…
Yesterday, we got news that South Korea’s exports dropped 14.7% since last August...their largest decline since the financial crisis. It’s far worse than the 5.9% drop economists were expecting.
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Monday, September 21, 2015
Refugee Crisis - Merkel Opens the Flood Gates / Politics / Refugee Crisis
“The European Project has very little economic and political capital left to defend it if anything goes wrong now. As Mr Juncker says, the bell tolls.”
– Ambrose Evans-Pritchard
Perhaps I should issue a storm warning for this letter. Maybe it’s because I had major gum surgery on my entire lower jaw this week and am in a bit of discomfort, but as I read the news coming through my inbox, it’s not helping my mood. This week’s letter will focus on the immigration crisis in Europe – after I muse on what I think is the very disturbing aftermath of this week’s Federal Reserve meeting.
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Monday, September 21, 2015
Liquidity May be Leaving the Markets / Stock-Markets / Stock Markets 2015
Good Morning!
SPX appears to have completed its first impulse from the high on Thursday. This morning’s Premarket shows SPX up about 12 points, and may go as high as the lower trendline of the Flag or Wedge formation at 1980.00. That would constitute a 34% retracement, which would be average for this position. But the futures are already showing weakness, so there are no assurances of that target being met.
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Monday, September 21, 2015
Russians Buy 1 Million Ounces of Gold Bars In August / Commodities / Gold and Silver 2015
Russia’s gold reserves rose to 42.4 million troy ounces as of September 1 compared with 41.4 million troy ounces a month earlier, the Russian central bank announced on Friday.
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Monday, September 21, 2015
Stocks Bear Markets, Recessions and the Bewildered Fed / Stock-Markets / Stock Markets 2015
A popular Wall Street myth is that bear markets are caused by recessions. The contention is as long as the economy isn't in a recession stock prices won't drop by more than 20 percent. And since the cheerleaders who dominate Wall Street never predict a recession, it should come as no surprise they never foresee the bear market that always precedes two negative quarters of GDP growth. The truth is Bear markets and recessions do not occur simultaneously, bear markets both predict and help engender a recession to occur.
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Monday, September 21, 2015
What the Fed's Interest Rate "Hold" Means for Crude Oil Prices / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: The nine years of historically low interest rates will continue in the wake of Fed Chairwoman Janet Yellen's decision to not hike rates – to not yet remove the proverbial punchbowl from the easy-money party.
It was a classic "50-50" proposition; it didn't seem likely the Fed would move to roil global markets, but given the perceived strength of the labor market, a hike wasn't out of the question.
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Monday, September 21, 2015
Remortgagors Reap the Benefits / Housing-Market / Mortgages
Moneyfacts.co.uk data can reveal that not only are remortgagors reaping the benefits of more products on the market, but they’re also profiting from significantly lower rates.
With remortgage activity surging to its highest level in four-years*, it looks as though there has been no better time to take advantage of the great deals on offer. The table below highlights how the number of products available to remortgage customers on the market has increased while the rates charged have simultaneously fallen.
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Monday, September 21, 2015
Silver Price Illusion Versus Reality - A Little Help Keeping Your Head About You / Commodities / Gold and Silver 2015
Hey, stay right there. I'm really happy to be here. If you know me or if you're brand new to this, I'm excited because number 1, I get to talk about what silver prices look like in the current reality versus the inevitable reality. Also this is the first time that I've been able to present in this format, so I look forward to seeing how it goes. If you don’t know me…Read full article... Read full article...
Monday, September 21, 2015
Gold Price Rally: The Bottom is In? / Commodities / Gold and Silver 2015
As mentioned in an earlier post this morning, the TRIPLE THREE safe havens, the Yen, Bonds and Gold, are all getting a boost in today's session with the Bonds being the stand out performer as can be expected.
Gold, while moving higher, is also being weighed down by falling commodity prices with weakness in this sector a reason why many traders are selling into its rally.
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Monday, September 21, 2015
Stock Market New Downtrend Or Some More Short-Term Sideways Action? / Stock-Markets / Stock Markets 2015
Briefly: In our opinion, no speculative positions are justified
Our intraday outlook is neutral, and our short-term outlook is neutral:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): bullish
Monday, September 21, 2015
Gold Sentiment / Commodities / Gold and Silver 2015
Before the intermediate cycle can top gold needs to rally far enough to stop all the calls for $1000 & $800 gold. There are still way too many traders expecting lower prices. The job of an intermediate rally is to clear that sentiment. As long as we keep seeing multiple comments about this being a bull trap (it may be) and traders should short the bounce then the bounce will continue. That’s what counter trend rallies do. They rally far enough to knock all of the shorts out of the market. Once that is complete then the next leg down can start.
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Monday, September 21, 2015
Blame America? No, Blame Neocons! / Politics / US Politics
Is the current refugee crisis gripping the European Union "all America's fault"? That is how my critique of US foreign policy was characterized in a recent interview on the Fox Business Channel. I do not blame the host for making this claim, but I think it is important to clarify the point.
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Monday, September 21, 2015
Why The Big Banks Want Higher Interest Rates / Interest-Rates / US Interest Rates
Something strange is happening in the banking business.
In theory, a low interest rate environment is good for banks because it allows them to borrow money for next to nothing and lend it to auto or home buyers for considerably more, making a nice fat spread.
And that’s pretty much how it’s been going. U.S. bank earnings were up 7% y-o-y in the second quarter, to a record $43 billion. Bank lending rose across the board from industrial to auto to mortgage loans, and delinquencies fell for the 21st consecutive quarter.
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Monday, September 21, 2015
Stock Market Intermediate Downtrend (Phase II) / Stock-Markets / Stock Markets 2015
Current Position of the Market
SPX: Long-term trend - Bull Market?
Intermediate trend - SPX is in the midst of an intermediate correction (at least).
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trends.
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Monday, September 21, 2015
Stock Market NYSE A/D Line “Death Crossover” / Stock-Markets / Stock Markets 2015
Last month we wrote the following:
“The chart of the % of stocks above the 200 Price Moving Average (PMA) finally shows the 100 Daily Moving Average (white line) crossing the 200 DMA (green line). This is a technical “death-cross” The only indicator not in bearish agreement is the NYSE Advance/Decline line. When this indicator shows a similar 100/200 DMA crossover, I believe it will only be a matter of time, based on historic precedent, before an “official” bear market will be declared”.