We have studied every bull and bear market since the stone age. We have seen most everything. But we have never experienced the printing of trillions while rates stay at 0% forever. Leave no doubt about the firepower the Fed continues to have. Every time one thinks their firepower is diminished, it shows up again…and…
Leave no doubt, the end of the year combined with a Fed that will never ever ever raise rates…and we get juiced off support for many major indices at the all-important 50 day average. Massive sell mode has again turned into massive buy mode as the Fed teases raising of rates but never does. We…
Just another cronyistic politician! SOURCE: http://www.nytimes.com/2014/12/17/world/americas/ecuador-isaias-obama-campaign-robert-menendez-hillary-clinton.html?_r=0
Less is better! Markets remain under distribution. Rallies are sold off on an intraday basis. The NDX was really weak on Monday. Breakouts have been failing like the NY Knicks basketball team. Loads of external negative news from around the globe. A crash in energy prices is now being seen as more negative than positive…
SOURCE: http://www.theblaze.com/stories/2014/12/16/the-amazing-thing-a-group-of-dads-did-for-their-schools-crossing-guard-after-he-fell-on-hard-times/
We have told you for quite a while that the biggest bubble in history is the bond market. Central banks have spent trillions to keep rates down. To their credit, it has worked. But the final outcome? Remember, all bubbles eventually pop…and they pop when everyone is on one side of the trade. We are…
Forget the fact that Feinstein, Pelosi and many other Dems on committees knew about enhanced techniques on terrorists. Forget the argument on whether enhanced techniques were right or wrong. Forget the utter hypocrisy on capturing terrorists and then using enhanced interrogation techniques equals bad but blowing the terrorists up with hellfire missiles along with the…
We came into yesterday thinking a pullback was at hand. At 10 am, we were not so sure. But the reversal and this morning’s open simply tells us things are getting a little tougher in and around these levels. To be brief, pullbacks are a normal part of the process. They don’t have to lead…
Yesterday’s action showed markets are now in pullback mode. Recent highs could not be taken out with sellers now overtaking buyers. The worst areas are being crushed while the best areas are now pulling back. Shorter-term support levels have been taken out but again, just a pullback right now. Pullbacks are a normal course of…
Source: http://www.mediaite.com/online/harvard-prof-sends-angry-emails-to-restaurant-owner-over-4-dollars/
