Daily market commentary covering the Fed, inflation, precious metals, and the forces shaping your investments.
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…
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…
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,…
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…
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:…
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) …
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…
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…
Given the ridiculous number of rumors (and ridiculousness of some of the rumors) related to the US and EU debt talks that are circling the financial community, I thought it…
Editor’s Note: The following is an excerpt from my latest issue of Private Wealth Advisory. In it, I present the most comprehensive overview of the European debt crisis out there,…
The 2008 Crisis occurred when private US banks became so distrustful of one another’s balance sheet risk that interbank liquidity dried up triggering a systemic implosion in the unregulated derivatives…
Stocks have started to break down in a big way again. It looks as though we’ve entered a wide trading range on the S&P 500: If we don’t bounce hard…
Indeed, it just posted the single biggest money pump since Lehman Brothers… on the week of June 27 2011. If you’re looking for a reason that stocks have been ramped…
The Fed must literally be about to pee itself. The $600 billion in QE 2 bought at best roughly three months’ worth of improved economic data. Granted, it was heavily…
Forget the details and the specifics… here’s the latest news you need to know about. Europe is bankrupt and the EU will not exist in its current form within 12…
Over the weekend it was announced that the European Emergency fund may not be large enough to bailout all of the country’s who are bankrupt in Europe. This is really…
The financial world is beginning to break down in a big way today. In the currency markets, the second Greek bailout is turning out to be precisely the dud I…
I’ve been warning for years that an inflationary storm was coming. I’ve recently tailored my forecast to allow for a resurgence in deflation based on QE 2 ending and the…
The financial world seems to think that because Greece accepted another bailout we’ll be off to the races in the markets. Aside from how absolutely moronic this view is (how’d…
The trouble with financial forecasting for Europe is that the biggest decisions are always made in the political arena, NOT economically. Case in point, Greece, which is obviously bankrupt, voted…
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