Required Reading

Numbers do not lie!

By Gary Kaltbaum-June 28,2016
We double checked these numbers. They had better be right.
After the recent smackdown of markets, we thought it important we sent this out again just to make a point of what all the easy money has brought or bought. We are optimists but we deal in facts first and foremost.
At yesterday’s lows:
The S&P was down 6.7% from highs and was trading where it was in Sept 2014.
The Dow…down 7.5% and Sept 2014.
Nasdaq…down 12.6% and Sept 2014.
Nasdaq 100…down 11.8% and Nov 2014.
Transports…down 24.5% and Nov 2013.
Russell 2000…down 16.2% and Oct 2013.
NYSE…down 11.9% and July 07…no…not kidding.
XLF…down 43% and trading where it was in 1999. Yes…financials and yes 1999!
How about foreign markets?
German Dax…down 25.6% and Jan 2014.
FTSE…down 18.7% and March 98…again…not kidding. We were surprised about this.
Shanghai…down a whopping 54%…and Feb 07.
Nikkei…down an unreal 61.8%/all time high in 1989 at 38,957. How’s that money printing working for you?
Hang Seng…38.5% and Jan 07.
Of course, off the lows of 09, markets have moved nicely off the back of a normal recovery but leave no doubt, off the largess of central banks to the tune of $15-20 trillion of printed money, 0% rates forever, negative rates and the outright buying of markets by these unelected, unaccountable easy money maniacs.

Listen To Monday’s Investor’s Edge Radio Show: Stoolander Edition 06/27/2016

Highlights:

1. Market Wrap

2. Gary breaks down Monday’s action for you

3. Find out what Gary is watching right now and why

TD Ameritrade CEO: Main Street Investors Dial Down Risk @FoxBusiness

http://www.foxbusiness.com/markets/2016/06/27/td-ameritrade-ceo-main-street-investors-dial-down-risk.html

Spooked by Brexit, Financials See Biggest Two-Day Slide in 5 Years @FoxBusiness

http://www.foxbusiness.com/markets/2016/06/27/spooked-by-brexit-financials-see-biggest-two-day-slide-in-five-years.html