Markets have been rangebound for a decent amount of time. They remain rangebound but yesterday’s action took indices above the mid-point of that range with some areas breaking out. Let’s hope this is a precursor. The ECB gets the credit as they are now going with another $1 trillion-plus of printing money and buying bonds…even…
Raise taxes on producers. Give to government. Government takes their tribute. Government doles out a wee bit. Yup…that’s going to help. I can be long-winded and sarcastic but that puts it in a nutshell. And oh yeah…we must fight global warming. I mean climate change. THE GOOD NEWS! The Republicons are now in power so…
A few thoughts: The ECB will announce more printing of money in order to buy bonds to keep interest rates down. But interest rates in many corners of Europe are at and in some cases are under 0%. So how would this move help? The Swiss Central Bank dropped the pegging of the Franc to…
“The sea was angry that day my friends – like an old man trying to send back soup in a deli.” Thus the markets. We have told you for years that at the end of the road of central bank maniacal money printing and constant interference would be distorted price and yield all over the place…which…
On Monday, we told you to watch financials as they were gagging. The gagging continued as JP Morgan numbers were not so thrilling. Their action led the market down. There are now more cards coming out of the financial deck in the days ahead but so far, yuck! As far as the market, what can you…
We really didn’t know how to title today’s report after the action we saw so we decided to just use Sheldon Cooper’s line when he tries to make a joke. And today was a joke. Just another example of the GRM as markets gapped up on supposed ECB money printing but reversed on volume when…
Yesterday I sarcastically tweeted : Every time market looks ready to break down, close your eyes, hold your nose and buy. NY fed will back you up. Well..after a decent amount of deteroration, the GRM is at work again with a sharp gap to the upside this morning. I will just leave it at that and…
This coming week, many of the big banks as well as other financials are reporting earnings. We bring this up because they are not acting well coming into the week. High volume down days and low volume bounces can be seen as support is being tested for some and breaking for others. For example, go…
Will have a full report on the ridiculous action this week…over the weekend. Great recovery! Nancy Pelosi wants to raise your gas taxes. This is expected from someone who has never seen a tax she didn’t like. But a few Republicans are chiming in also saying it is something to think about. What is the…
SOURCE: https://www.mediafire.com/download/yypqrzoyxaxcgym/150108.output.mp3
