Feel the Bern!

Since “the Bern” won last night, we felt it important to repeat some facts about the Bern!

The scam and the con called Bernie Sanders!

By Gary Kaltbaum
February 10, 2016

Bernie Sanders…Bernie Sanders is not funny. He is not to be applauded. He is not to be called uncle. Bernie Sanders is selling you a scam. He is selling you a call a con. He is selling you a lie. The scam, the con, the lie is that everything is rigged, everything is being stolen from you, that all wealth is being re-distributed to the wealthy and nobody can get ahead because of all this.

The fact is money is not being re- distributed to the wealthy. Most of the wealthy earn their money. It’s called planning! It’s called thinking! It’s called educating! It’s called time! It’s called sweat! It’s called toil! It’s called risk taking! It’s called failure! It’s called success! It’s called long days and long nights! It’s called growing! It’s called hiring! It’s called creating jobs! It’s called creating wealth. Bernie Sanders knows nothing of this because Bernie Sanders has never created $1 of wealth. Bernie Sanders has never created one job. Bernie Sanders has been living off the largesse of the taxpayer since the day he started whining, complaining and pissing all over those who have created all the wealth and jobs.

It’s the person who came up with the restaurant concept named Chipotle and started with one and turned it into over 1800 restaurants creating billions of wealth and thousands of jobs. It is Mark Zuckerberg who had an idea to get dates in college which started Facebook, creating billions of wealth and thousands of jobs. It’s Bernie Marcus and Arthur Blank who thought there was a better way to sell home improvement goods and started Home Depot, creating billions of wealth and thousands of jobs. It’s Michael Dell who started selling computers in a garage and then created billions of wealth and thousands of jobs. It’s Charles Schwab who saw prices could get lower on Wall Street and created billions of wealth and thousands of jobs. It’s Bill Gates…WELL, WE CAN GO ON AND ON! None of these people had anything re-distributed to them. THEY EARNED EVERY DIME! Bernie Sanders does not want you to know any of this.

Bernie Sanders could not tell you any of this because he will never be able to sell his lie. He cannot ever mention these people because it does not fit his template. The amazing part of all this is that the only re-distribution that is really going on is not to the wealthy but from the wealthy to the Bernie Sanders-types as government spending has doubled since Bill Clinton’s last budget. Yes…doubled. And for what? What are we getting for the money? Yet Bernie Sanders says it isn’t enough. It isn’t enough that our government cannot even balance their budget even though they will take in over $3 trillion of our money this year.

And how about Wall Street? According to Bernie, it is the land of evil, land of devils, land of crooks who are out to just rip you off. Well…when Bernie Sanders was born, the Dow was at 127. Yes…127! Wall Street and the markets have created trillions of wealth and millions of jobs. Wall Street has turned secretaries into millionaires…millionaires into billionaires and so on. Wall Street and the markets have spawned companies like Microsoft, Amgen, Facebook and all the amazing companies that have improved our lives through modern technology, through new medicines and great inventions. HOW TERRIBLE!
So memo to Bernie and more important to those young people that think he is the end-all, be-all:

Just wait to see what happens if Bernie Sanders ends up running this country. Try working your tail off. Try to become wealthy. Try to be a success. We know you want to. All of us want to be bigger, better, wealthier, healthier. At every step along the way, Bernie will be there. When you work your ass off for a few years to get the promotion, the raise or whether you grow your own company, watch what happens when you get that first big paycheck. It will not be there. The $10,000 check will be $4,000. The $20,000 paycheck will be $6,000. Try being a gargantuan success and get a $100,000 check…something you should be applauded for. Bernie will want to take $90,000 of that $100,000. Don’t believe us. Just check out any number of videos of where Bernie wants to go with your money…because you did not earn it. It was re-distributed to you.

Bernie Sanders will not harm the already wealthy. Well…maybe he will. What he will do is prevent all the millennials from becoming wealthy as he will strip away all incentive to be bigger, be better, be wealthier…because Bernie Sanders believes in one thing…his power and not yours. Millennials do not know it yet but it is them who Bernie Sanders will affect most negatively. To the millennials..Bernie Sanders is your worst enemy!

When socialism overtakes capitalism, you get Venezuela. When capitalism is gone, you get Cuba. Go vote for Bernie now!

Bear Market Rallies…

Just in case you have forgotten!
Bear market rallies:
Are sharp, quick, make you feel good, get everyone calling a bottom, wipe the smiles off the bear’s faces, suck you in…and then bury you soon after.
Bear market rallies are typically stronger than bull market rallies because of the vicious short covering.
Bear market rallies, very often, occur with a series of gaps to the upside trapping shorts and preventing those who want to get long from getting long.
Bear market rallies typically end when things are calmer, things are quieter and a big sigh of relief falls over Wall Street.
Bear market rallies usually peter out in and around declining moving averages, mainly the 50 day and if not, the 200 day moving average.
Good luck!

The Morning Look

Stock Market Overview: 

Stock futures are up nicely after the three day steep sell off we experienced on Wall Street. This appears to be another oversold bounce as there remains virtually no quality leadership to speak of.  Oil prices fell 5% on Tuesday and closed in the high $20’s.  Gary called the top perfectly for you in the latter half of 2015, helping you sidestep this year’s brutal sell off.

Gary’s Thoughts: Morning’s like this trap the shorts and prevent people from getting long as who wants to buy a gapping up market in an overall bear market? Markets do go up. Do not forget that. Rallies in bear markets are normal!  

Economic Data:

  • MBA Mortgage Applications 7:00 AM ET
  • Yellen Text To Be Released At 8:30 a.m. ET
  • Janet Yellen Speaks 10:00 AM ET
  • EIA Petroleum Status Report 10:30 AM ET
  •  John Williams Speaks 1:30 PM ET
  • Treasury Budget 2:00 PM ET

Highlights Of The Day:

    • Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls for 2016 – Here
      Gary’s Thoughts: NO COMMENT!
    • Electric Fantasy: Will the Next Tesla Sell for $25,000?
      Gary’s Thoughts: The bigger question…will it make money?
    • World’s Negative-Yielding Bond Pile Tops $7 Trillion: Chart
      Gary’s Thoughts: Yup…central bankers continue to smoke crack!

The Closing Look

Stock Market Commentary:

The major indices were simply all over the map. What looked like a good close turned into another drop into the close. The inability for the market to bounce clearly illustrates how weak the market is right now and tells you everything you need to know. In other news, oil prices fell 5% and is once again trading in the high $20. Gary has done an excellent job of keeping you out of harm’s way since he called the top last summer.

Gary’s Thoughts: Still stretched, extended and oversold. A good rally/bounce could happen at any time but so far, nothing doing. We hear Mrs. Bubble goes front and center tomorrow and Thursday. Rumors are running rampant that the fed has warned banks to stress-test negative rates. Wow! So far, anyone who has gone negative has seen their markets collapse. 

The amazing and talented Mariam Pare paints David Bowie…by mouth!



SOURCE: https://www.youtube.com/watch?v=5iaXTIteeg8&feature=youtu.be

The Morning Look

Stock Market Overview: 

Stock futures are down after Friday and Monday’s steep sell-off. Clearly, sellers remain in control of this market as the major indices continue to get smacked.  On Monday, the Nasdaq Composite and Nasdaq 100 broke below support of their bearish flag patterns we highlighted for you last week. These are very weak patterns and suggest lower prices will likely follow for the bear market we are seeing in stocks. Gary called the top perfectly for you in the latter half of 2015, helping you sidestep this year’s brutal sell off.

Gary’s Thoughts: We were actually hoping yesterday’s late rally could lead to some upside today. Nothing doing! Our big report explains it all. Lots of rot showing up around the globe.

Economic Data:

  • NFIB Small Business Optimism Index 6:00 AM ET
  • Redbook 8:55 AM ET
  • JOLTS 10:00 AM ET
  • Wholesale Trade 10:00 AM ET

Highlights Of The Day:

    • Steep selling continues on Wall Street
      Gary’s Thoughts: Unabated right now!
    • Chipotle Closed Stores on Monday For Safety Measures. Company Starting Program to Help Farmers Ensure Safety of Food
      Gary’s Thoughts: They had better get a good hold of this because a next time will not be good!
    • Taiwan Quake Toll Climbs to 26 as Rescuers Search Rubble
      Gary’s Thoughts: Only prayers! 

Calling Kevin Bacon…’ALL IS WELL”

February 9,2016

By Gary Kaltbaum
Fox News Business Contributor

So…now we are hearing about global growth concerns. Thanks so much! The markets knew it a long while back.

For years, our number one motto has been “it’s never bad until the market says so.” We have had this motto because underneath the surface of a market going higher, it had been evident to us that the termites were eating away at the markets and the economy around the globe. It is not until the markets act up that there is trouble. Remember…Lehman, Bear Stearns, Merrill, Countrywide and the rest did not go out of business…the markets put them out of business! Who are these termites? It’s all the governments and central banks that believe you can grow your way out of trouble through more debt, more printing of money and now, negative rates. These people have continued to unabatedly interfere with free markets as well as the hard work of the citizenry. Throughout all this nonsense, we have simply posed the question to you dozens of times and that is “what is going to be the ultimate outcome of massive debt, massive leverage, the printing of money, 0% rates and now negative rates? You know what we thought the answer was going to be.

In case you did not know, nothing changed with Greece. They just cut another credit card to get them out of the news. Nothing changed here! They just printed $5 trillion, took rates to 0% and grew debt by another measly $8 trillion. Don’t worry! They got it covered! It’s never bad until the market says so! Well, markets are finally saying so. And frankly, we are not so sure these geniuses running governments and central banks can do anything about it now. You just can’t keep going deeper into negative rates…or maybe you could. You can’t keep printing money or maybe you could. You can’t keep going into more debt or maybe you could. The problem is that eventually, you get diminishing returns and those diminishing returns may just be at hand.
Tale of the tape:

Commodities crash.

Emerging markets plunge.

U.S. markets now plunge. (The NASDAQ is down almost 15% this year and it is early February!)

European sovereign risk soaring.

Markets no longer reacting well to all the easier money talk. Japan markets crushed after going negative rates!

Greek bond yields soaring. Remember Greece?

Credit spreads are blowing out.

Banking stocks both here and more around the globe whacked.

$7 trillion of debt now have negative rates.
We can go on but we know you are eating breakfast. Many are now agreeing with what we told you months ago and that markets were telegraphing not only slowdowns but downright recessions and our big worry remains…with so much leverage and debt again built up by the crazies and with rates already at 0% and a ton in the negative, what will these geniuses come up with next? We pray they do not come up with something new as anything they do will only exacerbate a situation that they created in the first place.

We constantly tell you we hope we will be wrong about all this but more evidence continues to come in that the can that was kicked down the road has no road left!

Keeping fingers crossed!

The Closing Look

Stock Market Commentary:

Stocks fell hard on Monday but pared losses by the close. It was still an ugly day as many names were beaten up badly. The Nasdaq Composite and Nasdaq 100 broke down below support of their bearish flag patterns (highlighted last week). The Small-Cap Russell 200 also broke below January’s low which is not ideal for the bulls. Oil prices fell over 3% on Monday and that continues to hurt sentiment. There was virtually no meaningful economic data on Monday from the U.S.

Gary’s Thoughts: After a 7.3% drop in the Nasdaq from Thursday’s high to today’s low, maybe…maybe that’s enough for this second…maybe. Remember, these wild swings do not change the big picture. More carnage in tech, growth and beta. Gold/silver another good day but overbought. Definite bullish patterns now in gold/silver…but only on pullbacks now.


By Gary Kaltbaum
Fox News Business Contributor
The tops of bull markets leading into bear markets go through several phases. There is the initial topping out of the prior bull market phase. As we have told you many times, this can last a long while as sector after sector, stock by stock, top out. The last legs of the topping out process has the market leadership getting narrower and narrower until under the weight of all of the weakness, the indices finally break. This leads to the first leg of the bear market. During this leg, there is disbelief. Many are still calling it just a correction of the prior bull but little do they know, the market is on borrowed time. The first leg’s ugly action finally ends and a bear market rally begins. It is at this point the masses breathe a big sigh of relief. All is well. But something goes awry. Instead of the rally continuing, heavy sellers show up again. But this is still not enough for the masses to believe markets are in big trouble. After all, during bull markets, vicious corrections are normal before the bull market continues higher.
But then the popular indices melt down. On top of that, the strongest and the most popular names of the previous bull market give way. It is at this point that the masses have a holy #%@% moment. It is at this point, all the pundits and strategists that had been fighting the nascent bear…now start to really worry. They start to “realize” something is amiss. We believe we may be at or near that inflection point…the realization phase!
On January 20th, we thought we had seen the start of another bear market rally. Bear market rallies usually last 4-10 weeks. But this latest rally has been anemic at best and looks short-lived. While the Dow and S&P are still above the Jan 20th lows as money has flowed into some of the worst areas of the market, the Nasdaq, Ndx and the Russell are already breaking down out of bearish flag action. The big leaders of last year (FANG anyone) are now being torn apart.
To be brief, we believe that soon you will be hearing most start to admit what we have been telling you since the topping phase and that is that we were going into and are into a bear market of consequence. It just took the major averages and now the glamour types to get hit to move us into that phase…and if the Dow and S&P now join the Nasdaq, Ndx and the Russell, look out below. And frankly, we are already in a look out below moment!
Lastly, we continue to believe some time during this year, Yellen and friends will have to turn tail. We are not so sure market will care any more.

Our interview with Breitbart Radio!

SOURCE: http://www.breitbart.com/big-government/2016/02/07/gary-kaltbaum-on-breitbart-news-radio-markets-are-crashing-as-fiscal-steroids-wear-off/