The markets moved up sharply today, with the S&P 500 briefly touching 1,700. This is classic start of the month buying abetted by the ECB and Fed not doing anything,…
The big news is what’s going on in Asia. The US financial media continues to focus on who will be the next Fed Chairman, which is unimportant in the grand…
Some truly awful economic results were released over the last week. First and foremost, we discovered that 80% of the US adults struggle with joblessless, are near poverty, or have…
Anyone who believes that housing is back in a big way needs to take a look at homebuilder stocks. Here’s DR Horton (DHI) which is down over 30% from its…
The markets had a very weak session yesterday. With Bernanke’s final stand in front of Congress out of the way, along with options expiration and end of the quarter performance…
The corrupt edifice that has propped up the US big banks and financial system is beginning to crumble before our very eyes. I’ve warned subscribers of Private Wealth Advisory that…
Another “growth story” is dying before our very eyes. As I’ve warned Private Wealth Advisory subscribers, China is rapidly approaching ZERO growth. This is not less growth, but ZERO growth…
At this point, the market is beyond overextended. Last week was options expiration (Wall Street’s favorite time to shred options traders). And thanks to Ben Bernanke’s promise to keep the…
The markets are running out of steam as there is no longer a Bernanke talk to look forward to (he won’t be at the Fed’s Jackson Hole meeting in August)…
Today marks the final day of Bernanke’s testimony to Congress. Highlights from the first day of testimony and Q&A include: Q: Are You Printing Money? Bernanke: Not Literally…
The winning streak for stocks broke yesterday, with stocks posting a small drop (just 0.3%). We had forecast a summer rally a few weeks back and sure enough stocks have…
Stocks are rallying because Ben Bernanke speaks at Congress on Wednesday. Stocks historically rally into Bernanke speeches. The markets are at new all time highs. But it is now clear…
The entire move last week was the result of Ben Bernanke waffling about when to taper QE (if ever). The Fed hinted at tapering QE a mere two months ago.…
Yesterday’s move confirms what everyone suspected, that Ben Bernanke is more of a CNBC stock market cheerleader than a Fed Chairman or businessman. Is there really any other interpretation for…
Ben Bernanke has lost any last shred of credibility he might have had. The Fed no longer believes in QE. And for good reason. We’ve seen QE 1,2,3,& 4 and…
China, which the investment world blindly continues to believe will power the global economy to growth, just posted its single worst export data since 2009. All in all, Chinese exports…
The economic recovery hit another record yesterday. We’ve already had an incredible record setting streak for food stamp usage. Now we can add high unemployment to the mix. The US…
The US economy continues to fall to pieces, though accounting gimmicks make our employment numbers look better than reality. As I’ve alerted subscribers of our Private Wealth Advisory newsletter, most…
Well we got right to the trendline noted in earlier articles. We’re now beginning to roll over as we predicted. The number of major problems hitting the system right now…
Yesterday was another day of bad economic data with the ISM report showing the worst employment figure since September 2009. The bulls believe that bad economic data means more QE.…
