Monthly Archives: September 2013

Are We Heading For Another September Crisis… One Day Late?

Are we headed for another September Crisis? In general the period from May until November is a time for market underperformance. The average performance for the period from May 1 through October 31 each year since 1950 is just 1.2%. … Continue reading

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Are the Bells Ringing At the Top This Time Around?

It’s often argued that they don’t a bell at the top. I would argue that we numerous bells ringing in the financial markets today. Carl Icahn wants Apple to leverage up to boost returns to shareholders. Apple has maintained next … Continue reading

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Just Who Benefits From Housing?

Let’s put another nail in the coffin of the “recovery” talk. Bernanke and the Fed allege that the purpose of QE is to help housing recovery. But rising home prices do not actually equate to increased “wealth” for the average … Continue reading

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The Ongoing Evisceration of the Middle Class… Courtesy of the Fed

Finally the mainstream media is beginning to get the problems with the Federal Reserve. The Fed claims it can generate a “recovery.” It cannot. The Fed’s devaluation of our currency is the very reason why the economy is a disaster. … Continue reading

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This Time Around the Fed IS The Bubble

Market tops always involve insanity. And today we have that in abundance. On Wednesday the Fed surprised the world by not announcing a QE taper. Stocks and all “risk” assets exploded higher. Today, a mere 48 hours later, Fed President … Continue reading

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The Fed Is Already In the End Game

The Fed failed to announce a Taper yesterday of any kind. It is positively outrageous, but it does inform us of many things. First and foremost, the Fed has made it clear that it cannot be hawkish is any way. … Continue reading

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The Market Bubble Enters Its Blow Off Top

The markets roared higher over the weekend when Larry Summers withdrew his candidacy for Fed Chairman. This makes Janet Yellen of the San Francisco Fed the current favorite for next Fed Chair. Truth of the matter is that neither candidate … Continue reading

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Investing Legend: There Is No “Equity Risk Premium”

The following is an excerpt from a recent issue of Private Wealth Advisory. As noted yesterday, generally speaking stocks today are showing all of the hallmark signs of topping out. The market is overpriced, overbought, the smart money is selling, … Continue reading

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There Are Major Signs of a Top Forming

The following is an excerpt from a recent issue of Private Wealth Advisory. Tops never form cleanly. I’ve made the mistake of attempting to call a top on the “dot” in the past. The reality is that anyone who attempts … Continue reading

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The Trouble With Bonds, Europe and China

The market is being ramped higher by traders who believe: 1)   The US’s delay in entering Syria is bullish 2)   That the PMI data out of Europe indicates all is well over there. The primary concern with these beliefs is … Continue reading

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Four Economic Records… None of Them Good

The US economy continues to be a disaster. Last week’s jobs report was just plain awful. The media is trumpeting the fact that the unemployment percentage fell, but they forgot to mention that this is because over 500,000 people left … Continue reading

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The Fed Has Wasted Trillions and the US Will Default

The facts are now becoming abundantly clear, that the forecast we’ve maintained for well over two years has been validated: the US is in a DE-pression and both Washington and the Federal Reserve have wasted trillions of Dollars. The reality … Continue reading

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How the Experts Pick Stocks In This Environment

Value investing is often too narrow-minded. What I mean by this is that value investors will often focus on a company’s “value” using a number of metrics and ignore all other aspects of its business. For example, let’s say you … Continue reading

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Europe is Saved But Greece Needs Another Bailout?

The market is erupting higher on the usual start of the month buying and some gimmicked economic data out of Europe. In this case, the specific data point in question is Europe’s Performance of Manufacturing Index or PMI, which rose … Continue reading

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