Tuesday, August 25, 2015
Liftoff Setback Leads to U.S. Dollar Pullback / Currencies / US Dollar
By: AnyOption
The US dollar has experienced a tremendous rally over the last year as the end of quantitative easing and prospect of interest rate normalization led to upside momentum in the currency. Expectations were largely set for a September rate hike with many FOMC voting members forecasting two rate increases before the end of 2015. However, with recent inflation data and the growing emerging market turmoil, the Federal Reserve might be forced to hold off with its most well intentioned plans, sapping downside strength and building the case for a deeper technical pullback in the US dollar index.Read full article... Read full article...
Tuesday, August 25, 2015
The Stock Markets Are Extraordinarily Volatile, Here's What to Do / Stock-Markets / Stock Markets 2015
By: ...
MoneyMorning.com Keith Fitz-Gerald writes: The Dow swung more than 1,000 points in each direction over the course of trading yesterday. The market chaos started in Asia and spread to the United States as the day went on.
That the markets plunged that far in the first place is a sure sign that panic is definitely setting in. I'd be lying if I said I didn't feel the angst just like you do. You're not alone.
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Tuesday, August 25, 2015
UK Buy-to-let Mortgage Deals hit a seven-year high / Housing-Market / Buy to Let
By: MoneyFacts
Pensioners’ new-found ability to access their whole pension pots combined with the promise of high returns has seen activity in the buy-to-let (BTL) market surge.
In light of this increasing demand, product numbers have soared, so much so that data from Moneyfacts.co.uk has revealed that the number of BTL deals has hit 1,000 for the first time since April 2008.
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Tuesday, August 25, 2015
Israel: The Case Against Attacking Iran / Politics / Israel
By: STRATFOR
George Friedman: On Aug. 21, Israeli Channel 2 Television aired a recording of Ehud Barak, Israel's former defense minister and former prime minister, saying that on three separate occasions, Israel had planned to attack Iran's nuclear facilities but canceled the attacks. According to Barak, in 2010 Israel's chief of staff at the time, Gabi Ashkenazi, refused to approve an attack plan. Israeli Cabinet members Moshe Yaalon and Yuval Steinitz backed out of another plan, and in 2012 an attack was canceled because it coincided with planned U.S.-Israeli military exercises and a visit from then-U.S. Defense Secretary Leon Panetta.
Tuesday, August 25, 2015
Saudis Could Face An Open Revolt At Next OPEC Oil Meeting / Commodities / Crude Oil
By: OilPrice_Com
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia’s role of guarantor of $100+/bbl oil.
Despite the intense financial and economic pain this decision has inflicted on Saudi Arabia, its fellow OPEC members, and other oil producers, the Saudis have given no indication they plan to alter course. In fact, Saudis have downplayed the impact of lower prices on their country, asserting that the kingdom has the financial wherewithal to withstand lower oil prices.
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Tuesday, August 25, 2015
How to Calmly Weather This Stock Market Downturn / Stock-Markets / Stock Markets 2015
By: ...
MoneyMorning.com Shah Gilani writes: It’s no surprise that U.S. stocks have dropped into a free-fall mode.
I’ve been warning about the risks that stock, bond and other financial-asset prices face for some time.
Now that it’s happening, though, you need to understand these two things.
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Tuesday, August 25, 2015
Stock Market Sound the Alarm / Stock-Markets / Stock Markets 2015
By: Bob_Loukas
We saw an amazing capitulation event in equities these past three sessions. It’s clear that market internals were weak, but no one could have foreseen the degree and rapidity of the selloff. The major US indices have already entered into official corrections (-10%), while many world markets are approaching bear market (-20%) territory. And it’s unlikely the declines are over. Friday’s drop was a massive distribution day, with 93% of volume trading lower. With a 1,433 point decline, that was the largest three day DOW decline on record.
The VIX spiked sharply, showing the sort of extreme panic/fear in the market that is typically reserved for the end of Investor and Yearly Cycle declines. If we use the the four-year rally in equities as our guide, this type of sell-off corresponds with markets completing a Cycle Low, after which they should turn higher and rally for 10-20 weeks in a new Cycle.
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Tuesday, August 25, 2015
Stock Markets Crashing, Gold Rising / Stock-Markets / Stock Markets 2015
By: MoneyMetals
Clint Siegner: U.S. Investors are on edge following last week’s and today’s sell-off in stocks around the globe. The carnage impacted equity markets in Asia, Europe, and the U.S.
Interestingly, the U.S. dollar also weakened. And bonds and gold are getting most of the safe-haven buying.
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Tuesday, August 25, 2015
Stock Market Not Pretty.....Nothing Good For The Bulls..... / Stock-Markets / Stock Markets 2015
By: Jack_Steiman
I can simply say the market is toast and stop the rest of this note, but let's explore what's taken place over the past few days. Let me try to lead you to where I think we're going. We know that the long-term monthly charts have been flashing trouble for quite some time now. The Nasdaq monthly chart had been overbought with a 70+ RSI for two, full years. Red flag number one with gusto.
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Tuesday, August 25, 2015
Stock Market Meltdown - Dow Monday 1000 Point Crash then Rebound, What's Next? / Stock-Markets / Financial Crash
By: EWI
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With today's market action, I don't have a lot of time, and I'm sure you don't either, but I want to drop a quick note before things get too crazy this week.
Here's the deal: This morning, the Dow crashed 1,000 at the open and has since rebounded. China declined 8.5%. Europe and the S&P 500 are down ~3% in early morning trading.
Tuesday, August 25, 2015
El-Erian: Stock Market Sell off Is Not 1998 or 2008 / Stock-Markets / Stock Markets 2015
By: Bloomberg
Mohamed El-Erian, former CEO of Pimco and columnist for Bloomberg View, spoke with Bloomberg TV's Olivia Sterns and Alix Steel about the selloff in stocks and the implications for Fed policy.
When asked whether we are looking at another 1998, El-Erian said: "I'm not a buyer that this is 1998. Nor am I am a buyer that that's 2008. And in 1998 you had a lot of fixed exchange rates. Now you have fewer of those. And 2008 was about the payments and settlement system. This is not about the payments and settlement system. This is an old-fashioned repricing of two things."
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Tuesday, August 25, 2015
Gold the Ultimate Financial Crisis Insurance / Commodities / Gold and Silver 2015
By: Casey_Research
By Brian Hunt
You wake up in the morning, turn on the news, and get a sick feeling in your stomach…
The stock market is crashing again.
Another big Wall Street bank has failed.
Your 401(k) has lost another 25%. It’s bleeding value every week.
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Tuesday, August 25, 2015
The Fed Is Spooking the Stock Markets Not China / Stock-Markets / Stock Markets 2015
By: Peter_Schiff
Fasten your seat belts, this ride is getting interesting. Last week the Dow Jones Industrial Average was down more than 1,000 points, notching its worst weekly performance in four years. The sell-off took the Dow Jones down more than 10% from its peak valuations, thereby constituting the first official correction in four years. One third of all S&P 500 companies are already in bear market territory, having declined more than 20% from their peaks. Scarier still, the selling intensified as the week drew to a close, with the Dow losing 530 points on Friday, after falling 350 points on Thursday. The new week is even worse, with the Dow dropping almost 1,100 points near the open today before cutting its losses significantly. However, no one should expect that this selling is over. The correction may soon morph into a full-fledged bear market if the Fed makes good on its supposed intentions to raise interest rates this year. Have no illusions, while most market observers are quick to blame the sell-off on China, this market was given life by the Fed, and the Fed is the only force that will keep it alive.
Tuesday, August 25, 2015
Stock Market Black Monday Crash Fizzles Out, Next Black Tuesday? / Stock-Markets / Stock Markets 2015
By: Nadeem_Walayat
The Stock Market Black Monday Panic CRASH that the mainstream press and BlogosFear has been focused since Friday's 3% plunge never materialised. A 3.5% closing drop whilst not good for those long the market, nevertheless is NOT a CRASH. Of course the latest drop of 3.5% comes on the back of a 10.3% retracement from the Dow's RECENT all time high which puts the Dow now down nearly 14%.
Monday, August 24, 2015
Black Monday - Rolling A Wheelbarrow Of Dynamite Into A Crowd Of Fire Jugglers / Stock-Markets / Stock Markets 2015
By: James_Quinn
John Hussman has the right to gloat on this Black Monday morning as global stock markets meltdown under the weight of central bank created debt, insane debt financed corporate buybacks, and stock valuations rivaling 1929 and 2000 levels. He has been scorned, ridiculed and laughed at by the Ivy League educated sociopathic Wall Street titans of greed and avarice. Only in a warped, manipulated, corrupt, rigged financial world would those who speak the truth, use facts, and honestly assess the markets based on historical relationships would a man like John Hussman be abused by the elitist Wall Street lemmings. He has too much integrity and class to lower himself to the level of Wall Street hucksters. His letter this week is heavy on substance, facts, and sound reasoning. Therefore, it is of no use to CNBC cheerleaders or Wall Street shysters. His lessons are timeless.
Monday, August 24, 2015
Playing the Chinese Trump Card / Stock-Markets / China Economy
By: John_Mauldin
“I know the Chinese. I’ve made a lot of money with the Chinese. I understand the Chinese mind.”
Back in the olden days (pre-2000 or so), information junkies like me relied on printed newspapers, paper magazines, TV newscasts, and snail-mail newsletters. All these channels still exist, but they can’t begin to compete with the constant stream of data rushing into our tablets and smartphones. And on some days the stream rushes faster.
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Monday, August 24, 2015
Dow Theory Stock Market Sell Signal Reconfirmed / Stock-Markets / Dow Theory
By: Christopher_Quigley
If ever there was proof of the continued relevance of Dow Theory, the price action of the last 3 days provides all the evidence required.
Today’s market collapse at the open took out the October lows in both the Dow Transports and the Dow Industrials. This move to ever lower lows reconfirms the initial Dow Theory Sell signal triggered earlier this year.
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Monday, August 24, 2015
Gold and Silver: Heading for a “Blue Screen of Death” Event? / Commodities / Gold and Silver 2015
By: David_Morgan
David H. Smith writes: For personal computer users who by choice or circumstance, find themselves using a version of the Microsoft Windows operating software family, a dreaded condition known as the “Blue Screen of Death” (BSoD) is a seldom occurring, yet ever-present possibility. Wikipedia defines it as being caused by poorly written device drivers or malfunctioning hardware, such as faulty memory, power supply issues, overheating of components or hardware running beyond its specification limits.
Monday, August 24, 2015
Japan Economy Clear Conclusions Concerning QE / Economics / Japan Economy
By: Michael_Pento
Japan was recently slammed with more bad economic news; growth contracted yet again in the second quarter. Gross Domestic Product for the world’s third largest economy fell by an annualized 1.6% in the three months ended in June.
The economic plan known as Abenomics, which promised massive money printing coupled with government spending would put the world's third largest economy on a path to sustainable growth, seems to have hit another roadblock. This latest contraction marks the third such set back since the optimistic launch of Abenomics at the end of 2012. Japan appears to be headed towards a triple dip recession.
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Monday, August 24, 2015
Chinese Stocks Crash, Lose 60% of Gains This Year / Stock-Markets / Chinese Stock Market
By: Mike_Shedlock
Chinese stock plunged another 296.55 points today (8.45%) to 3211.20. The market was once up over 60% on the year in June, but is now negative.