Monthly Archives: August 2011

We’ve Seen How This Game Ends Before: In Misery

“The bottom is in! Stocks are in a new bull market. QE 3 is just seconds away!” These are the taglines being tossed around by the mainstream financial media as stocks get rammed higher into month’s end. As usual these … Continue reading

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QE 3 Ain’t Coming Unless One of These Two Items Happen

The financial world is swirling with numerous claims that the Fed telegraphed QE 3 will be coming at its September FOMC meeting. I don’t see this at all. All that Fed did was admit that its September meeting will be … Continue reading

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Graham Summers’ Weekly Market Forecast (Performance Gaming Edition)

The market rally that began on Friday and continues today is largely based on end of the month performance gaming. Normal market action doesn’t involve every asset under the sun rallying together. And given that the Fed didn’t announce QE … Continue reading

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The Markets Call “BS” On the Decoupling Argument

One of the primary arguments that the world is in “recovery” comes from the decoupling argument: namely that emerging market economies have grown to the point that they will hold up even if there’s a downturn in the US economy. … Continue reading

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Danger: The QE 3 “Hope” Rally is Going to End TERRIBLY

I’ve warned many times that QE 3 will not be coming any time soon and that stocks are on very VERY thin ice. With that in mind, I wanted to alert you to the following news story: Those looking for … Continue reading

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Did the Fed Buy the Market to Stop the Collapse?

Now that the market has rolled over and erased most of the gains from last week, I can’t help but wonder just why the market rallied at all. True, it was oversold… but the FOMC announcement wasn’t exactly bullish (Seriously… … Continue reading

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Graham Summers’ Weekly Market Forecast (Next Leg Down Edition)

Looking out on the markets before the week begins the mood is very, very tense. The European debt crisis continues to intensify with Greece moving to save one of its smaller banks (Proton) from failure. The Greek bank system does … Continue reading

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Business Lessons From a Pastry Chef

We’re introducing a new component to Gains Pains & Capital: an editorial focus on successful business practices and entrepreneurialism. Too much economic commentary focuses strictly on the markets… which, as we all know, is not the same thing as the … Continue reading

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Think the Crisis Is Over? Think Again!

As much as the mainstream financial media likes to pretend that the financial crisis is over, unfortunately it isn’t. In fact, what’s going to happen next will very likely make 2008 look like a joke. There is one simple reason … Continue reading

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Don’t Be Fooled, the German Backstop Ends Soon

According to French President Nicolas Sarkozy, he and Angela Merkel share an “absolute determination” to defend the Euro. I find that hard to believe as: 86% of Germans think the Euro is at risk. 71% of Germans are doubtful about … Continue reading

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Termination Patterns Are Brewing in Brazil, Russell 2000, and S&P 500

The action of the last few days has created rising bearish wedges in Brazilian ETF, S&P 500, and the Russell 2000. Let’s start with Brazil as it’s become THE international “risk” market, leading all the other BRIC countries in the … Continue reading

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Graham Summers’ Weekly Market Forecast (Watching France Edition)

The Euro situation is coming to a point… literally: we’ve entered a triangle pattern. In fact, we have a second triangle forming within this larger pattern. We’ve got just a little more room to run before we reach the apex … Continue reading

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We’re Now Back at November 2009 Levels… Are the Bulls Listening Now?

For months now I’ve been warning about the stock markets facing a devastating collapse. I cited mutual fund cash levels, systemic leverage, derivatives exposure, and on and on. And yet, despite the clear data points and research I presented, I … Continue reading

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Graham Summers’ Weekly Market Forecast (Crisis Edition)

Given their technical set-up and oversold conditions last week, stocks should have staged a bounce of some sorts. Instead, they went into full-scale Crisis mode falling over 7% as the US was downgraded and global debt collapse went into hyperdrive. … Continue reading

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Market Update: Where We Are Today

Stocks got crushed this week with the S&P 500 dropping 90 points between the intraday high and low. As a result of this, we’re now at major support at 1,200: The market is oversold and traders are looking for an … Continue reading

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This Pattern is Predicting a Crash… Are You Ready?

We are currently witnessing a pattern in the stock markets that has occurred multiple times in the last century. And everytime we did, things got UGLY. That pattern is: 1)   a Spring Crisis 2)   a Summer rally (on light volume) … Continue reading

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The US Banks Are Going to Take a BIG Hit

The situation in the US Congress marks a new low for politics in this country. I’m not going to bother going into details related to the various plans that have been proposed because all of them fail to be relevant. … Continue reading

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Graham Summers’ Weekly Market Forecast (Market Crash? Edition)

Let’s start with the economic situation. The Euro Crisis is by no means over. In fact, we’ve yet to get the details of the mega-Euro bailout that is supposedly going to solve all of Europe’s problems (it won’t but that’s … Continue reading

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