You know our thoughts on central banks…that every time the bubbles they have created burst, they expand the next bubble with even more of the nonsense that created the first bubbles. This time though, we have never seen and cannot even fathom what lies ahead when central banks keep rates at 0% for 7 years…
SOURCE: http://dailysurge.com/2015/01/snipers-response-michael-moore-going-insanely-viral/#
We purposely put out support levels yesterday. Simply put, they either hold and give markets a chance or they give way and all heck potentially breaks loose. Why would all heck break loose? This occurs when the big money recognizes an area that was holding…no longer is…which invites more selling. But major indices held on…
First off, it is just too funny reading news reports on the Fed. We do not believe they are going to raise rates but if they did, what kind of a big deal would it be to go from 0% to 1/4%? Just to repeat a report from a couple weeks ago…WATCH THE FINANCIALS. They…
The Fed now says they can be patient on rates. Really. No kidding! As we have told you, unless the market forces their hand, the Fed will never raise rates. And it is our opinion that on any blip in markets or the economy, QE4 will be right around the corner. Eventually this teasing of…
Last night, our last words were: “We suspect the indices will show their hand soon enough.” As we write this, the Dow has a nice 270 gap to the downside. Amazingly, 6 Dow stocks are gapping down on yuck numbers. They are MSFT,CAT,MMM,PG,DD,UTX. As you know, reactions to earnings are quite important to our work….
As we move into massive earnings and another fed week where they will say blah blah blah, maybe maybe maybe…markets remain range bound but possibly a couple of changes occurring. We have been negative on gaming for almost a year. The group has hardly teased a change in trend. Earnings are coming out this week…
As we enter the meat of earning’s season, as the ECB continuing to crush their own currency and even with the strong week, the motto is simply “not much has changed!” The tape continues to remain split. The tape continues to be close to a 50-50 market in where bull and bear markets lie side…
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…
