Monday, October 23, 2017
This Super Metal Is Set To Soar By 300% / Commodities / Graphene
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Monday, October 23, 2017
More New Record Highs As S&P 500 Gets Closer To 2,600 Mark / Stock-Markets / Stock Market 2017
Briefly:
Intraday trade: Our Friday's intraday trading outlook was neutral. It proved wrong because the S&P 500 index gained 0.5%, following higher opening of the trading session. The broad stock market accelerated its uptrend on Friday. There have been no confirmed negative signals so far. On the other hand, we still can see some short-term overbought conditions. Therefore, we prefer to be out of the market today, avoiding low risk/reward ratio trades.
Monday, October 23, 2017
First-time Home Buyers Already Facing Interest Rates Rrise Shock / Housing-Market / Mortgages
The latest research from moneyfacts.co.uk shows that while the average two-year fixed mortgage rate has experienced an increase at all loan-to-values (LTVs) in the past month, rates at 95% LTV have been the hardest hit, showing a 0.10% increase from September compared to a 0.03% increase in the average rate at 60% LTV.
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Monday, October 23, 2017
USDCHF Broke Above Major Bearish Trend Line / Currencies / Forex Trading
USDCHF extended its upside movement from 0.9420 to as high as 0.9863, breaking above a major bearish trend line on the daily chart, confirming that the downtrend from 1.0343 had completed at 0.9420 already.
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Monday, October 23, 2017
Another Minor Stock Market Top? / Stock-Markets / Stock Market 2017
Current position of the market
SPX: Long-term trend – The bull market is continuing with no sign of a major top in sight.
Intermediate trend – Soon coming to an end.
Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discusses the course of longer market trends.
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Sunday, October 22, 2017
Bitcoin Hits $6,000, $100 Billion Market Cap As Helicopter Ben and Jamie Demon Warn The End Is Near! / Currencies / Bitcoin
Bitcoin rose more than 6% today to surpass, for the first time ever, the $6,000 US mark.
More interestingly, bitcoin just surpassed $100 billion in total market capitalization. Or, as Coindesk puts it, $0.1 trillion.
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Sunday, October 22, 2017
China and Ratings Agencies’ Double Standards / Stock-Markets / China Credit Crisis
Or why is China being penalized for its debt problem, but advanced economies aren’t?Today, rising debt is one of China’s key challenges. Recently, it led to the mainland’s rating cut by ratings agencies. Yet, many advanced economies have higher credit ratings than China, though their leverage ratios are worse.
In May 2017, Moody’s Investor Service downgraded China’s credit rating. In September, Standard & Poor’s, too, cut China’s credit rating, citing the risks from soaring debt.
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Sunday, October 22, 2017
The Xi Decade: New Thought for the New Era / Politics / China
In the Xi decade, Chinese transition to the post-industrial society will accelerate, despite the new normal in the world economy.As the 19th National Congress of the Communist Party of China opened in Beijing, General Secretary Xi Jinping delivered a report about “building a moderately prosperous society” for a new era.
In his speech, Xi delivered a blueprint for China’s development for the next 5-15 years. In the process, he defined new thought for a new era.
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Sunday, October 22, 2017
Warning A Crash is Coming: the Stock Market Rally is on VERY Thin Ice / Stock-Markets / Stock Market Crash
The market is on the verge of something serious.
For months we’ve been climbing steadily in a tighter range. Stocks have been BEYOND overbought having gone 300 days without even a 3% pullback.
This latest move has formed a sharp rising wedge pattern that has just broken out to the downside. Stocks need to SERIOUSLY reverse and go parabolic here or the trend has changed.
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Sunday, October 22, 2017
Time for Caution in Gold Miners / Commodities / Gold and Silver Stocks 2017
Last week we noted the likely negative impact of a sustained rebound in the US Dollar on Gold. Recent weakness in precious metals has not been much of a surprise considering the sector’s relative weakness months ago amid a weak US Dollar. While the greenback has bottomed, it has yet to push above resistance at 94. Nevertheless, Gold and in particular the gold stocks are threatening more losses even before a push higher in the greenback. It is time to be defensive and cautious.
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Saturday, October 21, 2017
“Great Rotation” Ahead; Will it Be Inflationary or Deflationary? / Interest-Rates / US Bonds
[edit] This article ultimately leans toward the view that the reasons for a rising curve will be inflationary. But I woke up in the middle of the night and my thoughts drifted to the components of the article (yeah, that’s pretty sad, I know), and with further consideration I am leaning toward neutral or even a bit into the deflationary camp. The reasons will be the stuff of another article.
Think back to the blaring headlines about the Great Promotion Rotation in the financial media in 2013. Perhaps the media circus started in January of that year when The Economist asked the question of whether the rise in bond yields signaled a “flight” out bonds and into equities. It was probably an earnest and right minded question asked by The Economist, but you know our friends in the greater financial media; get a good story and flog the hell out of it to harvest eyeballs. Reality be damned, man, it’s the eyeballs that matter!
Saturday, October 21, 2017
The Trigger for Volatility, Rates and the Next Crisis / Stock-Markets / Financial Crisis 2017
If you’ve read any of my work, you know I think the iceberg that will ultimately sink the global Titanic is China. It has the greatest overbuilding and debt bubble in history, not to mention the obvious real estate and stock market bubbles.But the Chinese government has too much control over its economy to just let it slide. No. China won’t be the first domino to fall. Rather, the dubious honor may go to lovely and charming Italy.
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Saturday, October 21, 2017
Perks to Consider an Agent for Auto Insurance / Personal_Finance / Insurance
Aaron Abel writes: If you have a car, you will have to purchase auto insurance, and no one wants to do it with happiness. It cost us a lot of money on a monthly basis to be insured. If you are going to insure your first ever car and you are a new driver the higher premium rates will hurt you a lot.
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Saturday, October 21, 2017
Emerging Megatrends Hurting Consumers / ConsumerWatch / Shopping
I think Dilbert is hilarious. The comic strip’s creator, Scott Adams, has incredible insight into everyday life.More than a decade ago, he showed the cartoon’s title character in a grocery store. A clerk asked Dilbert, a white-collar, micromanaged engineer by day, if he wanted to sign up for the store’s loyalty card so he could save on purchases.
His reply went something like this: “So you want my personal information, which you’ll then use to track me and market to me, and in return I get the manufacturers’ rebates that I’ve always received? And if I don’t give you my data, then you keep the money?”
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Saturday, October 21, 2017
A Catalyst of the Stock Market Bubble Bust / Stock-Markets / Stock Market 2017
Brexit. Markets up.Shock election of President Trump. Markets up.
Drum beats of war with North Korea. Markets up.
Hurricanes Irma and Maria. Markets up.
Wild fire incinerating Northern California. Markets up.
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Saturday, October 21, 2017
Choosing Your Path in This Financial Landscape / Personal_Finance / Investing 2017
I just turned off the television. There wasn’t anything wrong, there was just… nothing. As I go through my day, I stay tuned to CNBC, albeit with the sound down low, simply to have background activity. But today, I just can’t get there. I keep asking myself the same question when I hear their comments… so what?Usually I enjoy some of the banter, and I recognize that most of the people floating across the screen are very smart and accomplished. But I don’t feel edified. In my head I’m playing an endless loop of old quotes and comments that ends up sounding like a game of “Pick a Platitude.” It goes something like this:
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Saturday, October 21, 2017
Silver Stocks Comatose / Commodities / Gold and Silver 2017
The silver miners’ stocks have mostly drifted sideways this year, looking vexingly comatose. Such dull price action repels speculators and investors, so they’ve largely abandoned this lackluster sector. That weak trader participation has led to silver stocks’ responsiveness to silver price moves decaying. What can shock silver stocks out of their zombified stupor? And how soon is such an awakening catalyst likely?
Silver stocks’ flatlined behavior so far in 2017 is surprising and odd. Silver-stock prices are ultimately driven by silver-mining profits, which are overwhelmingly driven by prevailing silver price levels. Silver in turn is slaved to gold’s fortunes, the yellow metal is the white metal’s dominant primary driver. With gold faring quite well this year despite the euphoric record stock markets, silver and its miners’ stocks should be shining.
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Saturday, October 21, 2017
Bitcoin Tests $5,100 / Currencies / Bitcoin
There’s been some talk of gold becoming an alternative to gold. Goldman Sachs doesn’t seem to agree. In an article on CNBC, we read:
Cryptocurrencies like bitcoin are not the "new gold," Goldman Sachs said in a note, advising investors that precious metals "remain a relevant asset class" in portfolios.
In a note to clients earlier this week, Goldman detailed the benefits of holding gold in a portfolio.
Saturday, October 21, 2017
Stock Market "Buy and Hold" ... and Investing is Easy / Stock-Markets / Stock Market 2017
"Buy and Hold" ... and Investing is Easy
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Friday, October 20, 2017
Stock Investors Ignore What May Be The Biggest Policy Error In History / Stock-Markets / Stock Market 2017
My good friend Peter Boockvar recently shared a chart with me.
The University of Michigan’s Surveys of Consumers have been tracking consumers and their expectations about the direction of the stock market over the next year.
We are now at an all-time high in the expectation that the stock market will go up.
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