Monthly Archives: June 2011

Bernanke has a real problem on his hands. QE 2 spent $600 billion and got him at best a few months’ worth of upticks in well-massaged economic data. In the process it blew up food and energy prices and made … Continue reading →

First up is the Euro which has the makings of a triangle pattern. These patterns can break to either the upside or the downside… although it’s hard to find reasons the Euro might rally if Greece accepts the next round … Continue reading →

This week we won’t be looking at charts, but instead discussing  the most important macro issues that will determine the future trends of all asset classes. Tomorrow Greece’s parliament votes on whether or not to implement more “austerity” measures, also … Continue reading →

Today at 12:30, we’ll know where things are headed. Today at 12:30PM the Fed will release is FOMC minutes. With QE 2 ended in another week, the Fed June FOMC meeting was the last hope for bulls who believe the … Continue reading →

The Euro continues to rally despite the clear fact that the Eurozone is a disaster. It’s strange than grown adults can actually be discussing another Greek bailout when the first one was just one year ago and accomplished nothing. Of … Continue reading →

With options expiration over for this month, the stock market is now clinging primarily to the Fed FOMC meeting tomorrow and Wednesday. As noted in last week’s market forecast, if the Fed does not hint at additional liquidity during this … Continue reading →

The US economy is literally on the ledge of a cliff. Today, the Federal Government accounts for 35% of incomes and salaries in the US. That’s over one third of all income in the US coming from the Government’s ability … Continue reading →

With the economic numbers getting worse and worse in the US, it’s clear that the Fed’s policies thus far have ended in abysmal failure. Indeed, I really can’t see how anyone could have argued the US had experienced a recovery … Continue reading →

As stated in my weekly forecast yesterday, the markets are rapidly adjusting to the fact that QE 3 is not coming anytime too soon. Indeed, the two primary pro-money pumpers at the Fed (Goldman stooge Bill Dudley and general Wall … Continue reading →

Things are moving quickly now. Stocks have taken out the critical support lines of 1,294 and 1,275. We’ve also taken out the 50-DMA in a big way and are now closing in on the 200-DMA. If that line doesn’t hold: … Continue reading →

As you know, as far as stocks go, I’m about as bearish as it comes. However, if you’re looking for income, stocks today are far more attractive than sovereign bonds. Let me post a disclaimer on that statement: stocks are … Continue reading →

No investment goes straight down or straight up. This is especially true when an investment is changing trends from bullish to bearish and breaks below a key support level. Instead, investments follow what I call the “kiss the line then … Continue reading →

Throughout most of 2009-early 2011, any and all bad news regarding the US economy was perceived as positive for stocks due to traders’ belief that a weak economy would mean more money printing from the US Federal Reserve. That situation … Continue reading →

Despite the fact we were told repeatedly that the Greece situation was solved just 12 months ago, the country is once again at the forefront of the ongoing crisis in the Euro-zone. Having already thrown billions at this problem last … Continue reading →

Last month I warned that we could see another round of deflation before the Fed announces QE 3. At that time I wrote… Indeed, if stocks were to drop off a cliff, they’d drag commodities down with them. This would … Continue reading →

It’s very strange to see commentators claiming that QE 3 will end and the Fed will no longer supply any juice to the system. After all, we have not had a period in which the Fed wasn’t pumping tens of … Continue reading →