Markets

SOURCE: http://www.dailymail.co.uk/news/article-6070345/Venezuela-removes-five-zeroes-banknotes-attempt-battle-economic-crisis.html

Crappy day yesterday and with a market without memory going back and forth right now…futures up nicely on blah blah blah low level trade talks in China will resume. To get the bad news out of the way: Wow…China, Russia, Brazil, Turkey, emerging markets and so many other countries have just continued to implode. COMMODITIES…

Another morning where market has no memory from the day before as futures smacked this morning…but there continues to be some consistent action. CHINA again smacked this morning. Emerging markets smacked…this has been going on a while and would continue to avoid. On the other side, a select list of growth stocks continue to be…

The market continues to thin out the herd. Forget for a second whether the market was down yesterday and the fact we will have a little gap up today. There were many more new lows than new highs yesterday. As we scan a couple thousand names each day, fewer and fewer remain above the 50…

Holy hell Batman. Both gold and silver in new yearly lows again this morning. The amazing part of the equation is that this is going on while there is supposed turmoil. We just want to repeat…price is everything…noise is meaningless. Gold and silver remain in a bear market. The definition of a bear market is…

Futures were down decently overnight and then this: “Turkey Central Bank says it will provide all the liquidity the banks need!” Look familiar? Feels like Bernanke is back. When easy money causes all kinds of problems, just make money even easier until bubbles are created. S&P futures up a wee bit with NAZ futures better…