Thursday, August 27, 2015
It’s Hard to Be Broke and Happy at the Same Time / Personal_Finance / Pensions & Retirement
Alexander Green writes: Editorial Note: There's no ignoring what's happening in the markets today. Global fears have sent U.S. stocks into a free fall. Of course, we're not going to pretend it's the best of times. But, as Alex has advised in the past, now is not the time to try and time the markets. In his words, "Nobody rings a bell at the top of the market. So the amateur lurches about and suddenly gets out... then finds that stocks keep going up without him." As we write, the Dow is already up 338 points from this morning's low. So keep that in mind as your fellow investors run screaming into the streets.
A new report from Bankrate.com reveals that more Americans than ever are saving nothing for retirement.
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Thursday, August 27, 2015
Stock Market Trend & Trade Signal Of the Decade / Stock-Markets / Stock Markets 2015
U.S. stocks closed lower Tuesday after a failed attempt to rally from the Dow’s worst 3-day point decline. It’s something I have not seen since the 2008 GLOBAL financial crisis.
The market had its first rally of the downtrend yesterday but it would be a BIG mistake to get bullish for new long-term investments at this point. The major trend is down. The odds favor that this is to be only the first phase of the decline. Today’s rally could take us to 1965 – 2040 level on the SP500. I will be taking short positions in the US markets soon.
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Thursday, August 27, 2015
Keep Your Eye On the Gold and Silver Bear / Commodities / Gold and Silver 2015
Tonight we’re going to look at the precious metals complex and get focused again as this is the area we need to concentrate our efforts right now IMHO. All the volatility in the stock markets has many taking their eyes off the ball of what may turn out to be the trade of a lifetime for some of you. I’m just as guilty as the next person trying to play the stock markets looking for that big trade that is so elusive right now. The stock markets are like a veg o matic chopping up both the bulls and the bears alike.
I have made a couple of small trades trying to catch one of the swings but the volatility is very hard to deal with. Back in 2000 after the markets topped I began to play the short side as bear markets can be very profitably if you can catch them just right. What I learned back then was you had to be dead on the money with your entry points because the volatility would knock you out before the move you were looking for actually took place. It looks easy in hindsight when you view the long term charts of bear markets but trading them in real time is a whole different ballgame.
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Thursday, August 27, 2015
Stock Market Retracement Rally May be Over / Stock-Markets / Stock Markets 2015
SPX appears to have completed its retracement just shy of the 50% retracement value at 1985.25. If so, it is due for the next decline. This may be point 7 of the Orthodox Broadening Top with point 8 being the crash bottom.
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Thursday, August 27, 2015
Why Stocks Could Fall 50% if the Fed Makes the Wrong Move / Stock-Markets / Stock Markets 2015
By Justin Spittler
One of the most brilliant investors in the world just made a stunning call…
Ray Dalio is the founder of Bridgewater Associates, the world’s largest hedge fund. Dalio manages nearly $170 billion in assets. He has one of the best investing track records in the business. When he speaks, we listen.
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Thursday, August 27, 2015
Refugees Expose Europe’s Lack Of Decency / Politics / Immigration
This is a story I’ve been wanting to write for a while now, at least two full weeks, but haven’t gotten around to because I have my dying mother to attend to. Something I can to an extent approach from a rational point of view, because she has expressed her explicit will to die. But it will of course never be easy, if only because I’ve been close to her all my life even in the 20-odd years I lived thousands of miles away. It’s a thing of the heart.
And so must be, at some moment or another, my dealing with what she goes through, and what I will go through when she finally gets her wish. A wish I would have thought would be reasonably easy to fulfill in a country as supposedly advanced as Holland, but that’s not true. People have to suffer more, long after they’ve signaled they’ve had enough, just to satisfy someone or another’s idea of ethics who has little to no involvement in the situation. Unless they’ve been through endless series of conversations with total strangers who will then decide when it’s time.
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Thursday, August 27, 2015
Why Gold Was the Best Buy in 2008-9 Crash and Will Be Again This Time Too / Commodities / Gold and Silver 2015
DAILY PRICES
Today’s Gold Prices: USD 1128.50, GBP 728.91 and EUR 999.38 per ounce
Yesterday’s Gold Prices: USD 1134.40, GBP 724.63 and EUR 990.05 per ounce.
Thursday, August 27, 2015
How to Profit from China's Currency War / Currencies / Currency War
MoneyMorning.com Peter Krauth writes: The People’s Bank of China uses its massive reserves to buy or sell the yuan to maintain a desired exchange rate. It’s been pegged to the U.S. dollar in some way for decades.
So, a strong dollar has often meant a strong yuan.
That hurts Chinese exports, and it’s been a sticking point in China’s ongoing negotiations to secure the yuan’s “reserve currency status” at the International Monetary Fund (IMF).
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Thursday, August 27, 2015
How China's Currency Policies Will Change the World / Currencies / China Currency Yuan
The recent fluctuations in China's currency typify the best and worst of a globalized world, where developments in one place can instantly change the political and financial calculations of governments in others. For most of human history, the communities, cultures and economies of the world existed independently of one another, separated as they were by vast distances and difficult terrain. It would, for instance, take months or even years for news of China to reach Europe across the great Silk Road trading route during the height of its use some 1,000 years ago. Even then, the communities along that route could hardly be considered entirely coherent.
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Thursday, August 27, 2015
Crude Oil Price One-day Rebound or Something More? / Commodities / Crude Oil
Trading position (short-term; our opinion): Short positions with a stop-loss order at $45.32 and profit-take order at $35.72 are justified from the risk/reward perspective.
On Tuesday, crude oil gained 4.15% after China's central bank cut interest rates. Thanks to this news, light crude reversed and invalidated Monday’s breakdown under the support line. Despite this move, the commodity still remains under the barrier of $40. Will it stop further improvement in the coming days?
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Thursday, August 27, 2015
Chinese Medicine not Impressing Dr Copper / Commodities / Copper
Dr. Copper apparently does not approve of the prescription ordered by the Chinese authorities to stem the slowdown in that nation, namely another 25 basis point interest rate reduction and a lowering of bank reserve requirements.
The red metal cannot sustain any upside action for long before sellers emerge to whack it again.
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Thursday, August 27, 2015
Stock Market Relief Rally... End Of Pullback Or More To Come? / Stock-Markets / Stock Markets 2015
Today pretty much went as expected. Dramatically oversold conditions not seen in basically forever. A six-day down move that was historic in nature, and caused daily index-chart RSI's to get well below 20, which is extremely rare. The futures were up big yesterday into the same type of oversold conditions, but nearly five-hundred points worth of Dow gains ended the day with two-hundred points worth of losses.
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Thursday, August 27, 2015
Why Are "Bank Holidays" Always Announced on Sunday? / Personal_Finance / Credit Crisis 2015
David Smith writes: On Sunday, June 29, the Associated Press ran the following headline: "Greek Banks will not open Monday."
After a lengthy cabinet session, it was decided that Greek banks would remain closed for 6 working days, along with restrictions on cash withdrawals. In addition, financial sector officials confirmed the Athens Stock Exchange would not open the following week.
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Thursday, August 27, 2015
Novel Biotech Novel Technology Platforms with Dramatic Growth Potential / Companies / BioTech
In the past five years, development of new therapies has aimed for true disease modification and actual cures. Many novel ideas are now in the clinic, and have opened up fresh opportunities for dramatic industry growth, especially in the gene and cellular therapy realm. In this interview with The Life Sciences Report, David Nierengarten of Wedbush Securities brings a handful of select names to investors' attention, including a couple of companies with technologies that could revolutionize medicine.
The Life Sciences Report: You are a molecular and cell biologist, but you've been in the world of finance now for about a dozen years. What attracted you to finance?
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Thursday, August 27, 2015
China Stocks Bear Market Crash, Are We Near the Bottom Yet? / Stock-Markets / Chinese Stock Market
China's stock market meltdown that began Mid June from a SSEC trading high of 5,200 had paused under the weight of heavy the Chinese government interventions that in total amount to over $400 billion thrown at the stock market in an attempt to bring the selling to a halt. However, all of that literally went up in smoke along with one of China's largest ports which literally exploded revealing behind the truth of what the Chinese economy is, a mere mirage of the picture of strength and stability that communist party propaganda has been successfully propagating.
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Wednesday, August 26, 2015
Stock Market Crash Black Wednesday Rally Crushes the Bears / Stock-Markets / Stock Markets 2015
The mainstream financial press and blogosfear has been full of relentless stories all week painting a picture of doom and gloom. Even the usually buoyant CNBC air heads that usually sit smack middle on the fence, today had turned bearish with expectations at mid US trading today for the days stocks rally to soon run out of steam and reverse to a down close much as the Dow did yesterday. Instead what did the stock market do? It did CRASH, but it was to the UPSIDE! For if falls of 3.5% have been reported on in the press as a CRASH with headlines of Black Monday, then an greater upwards daily move of 619 points, 3.95% should surely be reported upon as a stock market crash to the upside!
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Wednesday, August 26, 2015
VIX Shorts Being Squeezed While SPX Prepares for Another Decline / Stock-Markets / Stock Markets 2015
Today’s SPX managed to stay in the black, but it’s a Pivot day. This bounce is not a good omen for the market for that reason and the fact that it remains under the hourly Cycle Bottom resistance at 1923.36.
It gives us confirmation of the Wave structure illustrated on the chart. A Wave [iii] would continue to stay under Cycle Bottom resistance, while Wave [iv] may venture inside and Wave [v] ride above the Cycle Bottom until completion.
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Wednesday, August 26, 2015
Why China's Economy is Deteriorating / Economics / China Economy
The plunging Shanghai Stock Exchange and the sudden reversal in the yuan’s appreciation have caused fears to spread beyond China’s borders. Is something wrong with the world’s growth locomotive? In a word, yes.
The most reliable approach for the determination of nominal gross domestic product (GDP) and the balance of payments is the monetary approach. Indeed, the path of an economy’s nominal GDP is determined by the course of its money supply (broadly determined).
Wednesday, August 26, 2015
Citizenship as a Weapon: Travel Controls and What You Can Do About It / Politics / Social Issues
By Nick Giambruno
It’s an extremely potent weapon, yet most are not even aware of its existence.
That is, unless they have been unfortunate enough to be on the receiving end of it.
The weapon I’m referring to is travel controls, also known as people controls. It’s the power any government has to limit the ability of its citizens to travel. They do this by restricting the issuance of travel documents like passports.
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Wednesday, August 26, 2015
China Stock Market Shanghai Composite Index Update... / Stock-Markets / Chinese Stock Market
The Chinese market is of interest to us not because we necessarily want to trade it, but because of its effect on other world markets. Its heavy drop on Monday morning contributed to the rout on Wall St later in the day. The Chinese economy is a massive Ponzi scheme that is threatening to implode, with grave implications for the world economy.
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