Tuesday, April 18, 2017
Absurd Valuations on Unprofitable Tech Stocks / Companies / Tech Stocks
By: BATR
The Treasury Secretary chimes in on what any market watcher should know instinctively. Mnuchin talks tech: 'I don't understand these valuations', yet the price on promises and future expectation of earnings has a large amount of the equity speculators and computerized trading in a crisis of sanity. Avoiding the fundamental relationship that a stock value is based upon the ability of a company to turn a profit, has become the hottest investment hoax since Bernard Madoff was pitching his Ponzi scheme. Uber, Snapchat and Twitter may be high flyers for the smart set, but for rational venture capitalists, plunking down gambles on risky enterprises that only feed on publicity hype is a sure bet on going broke.
Tuesday, April 18, 2017
Big Day for the Stock Market / Stock-Markets / Stock Market 2017
By: Harry_Boxer
The stock market indices had a very strong session today. The day started out with a pop to the upside, a quick pullback retest, and then they were off to test resistance. For the next several hours the Nasdaq 100 went sideways, and consolidated in coil patterns. The S&P 500 actually moved up in a rising channel, and at the end of the day exploded to the upside, tested secondary resistance, and close right there. These are very key levels near 5400 Nasdaq 100, and the 2349-50 area for the S&P 500, and that’s where they closed.
Read full article... Read full article...
Tuesday, April 18, 2017
The Philippine Peso Squeeze / Currencies / Forex Trading
By: Dan_Steinbock
In the first quarter, the Philippine peso depreciated against the US dollar. Internationally, this was attributed to President Duterte’s policies. In reality, it has a lot to do with the expected US rate hikes. But there is a reason why misguided geopolitics now overshadows Philippines. In the recent quarter, the Philippine peso depreciated by 0.88 percent against the US dollar. It was the only currency in Asia to do so. For the first time since 2009, the peso drifted to 50 per US dollar.
Read full article... Read full article...
Tuesday, April 18, 2017
Is US Economy at the Cusp of the Next Recession? or Maybe Worse? / Economics / Recession 2017
By: Plunger
Part II takes a look at the macro economic backdrop for the trade of the year. Spoiler alert- its not a pretty picture, but don’t think doom and gloom, instead embrace crisis and opportunity! With our understanding of the history of oil we now focus on the macro backdrop for our Big Trade.
“When the tide goes out you find out who has been swimming naked”– Warren Buffet
“This time around everything gets revealed in the next recession”-Plunger
In the next recession those leaning the wrong way… the levered players, will be forced to heave out their non-productive assets at fire sale prices. Commodity producers with entrenched costs will have to increase production as lower prices beget even lower prices since insufficient cash flows can only be recovered through higher volume production.
Read full article... Read full article...
Tuesday, April 18, 2017
What Bullish Sentiment Means for Crude Oil Prices / Commodities / Crude Oil
By: Ed_Carlson
Technical analyst Jack Chan charts a reversal in the oil markets and outlines his strategy.
Read full article... Read full article...
Tuesday, April 18, 2017
Stock Market Lindsay Long Term Intervals / Stock-Markets / Stock Market 2017
By: Ed_Carlson
The March 20 Market Update showed our Long Term interval forecast – both 15 and 12 year intervals. As we are now seeing the biggest pullback in the Dow since last autumn we have to assume that the 15yr interval is exerting its influence and the decline won’t end until the 12yr interval (May-November, 2017) takes over.
Read full article... Read full article...
Monday, April 17, 2017
US Housing Market Mortgage Delinquency Rates Increase & 3X ETFs / Housing-Market / US Housing
By: Chris_Vermeulen
Delinquency rates in Single Family Residential Mortgages and other Consumer Loans began to climb through the later half of 2016 and early 2017. The timing of this delinquency rate increase coincided almost identically with the Fed increases in their Funds Rate. Additionally, commercial loan origination stalled for the first time since 2008-2011 (prior to that was a stall in 2000).
As you’ve been likely been following our daily video market analysis, you’ll know that we believe the market is still in a bullish trend and that we expect this upward price action to continue for a while.
Read full article... Read full article...
Monday, April 17, 2017
Fed Will Cause a 2008 Redux / Interest-Rates / US Bonds
By: Michael_Pento
Truth is a rare commodity on Wall Street. You have to sift through tons of dirt to find the golden ore. For example, main stream analysis of the Fed's current monetary policy claims that it will be able to normalize interest rates with impunity. That assertion could not be further from the truth.
The fact is the Fed has been tightening monetary policy since December of 2013, when it began to taper the asset purchase program known as Quantitative Easing. This is because the flow of bond purchases is much more important than the stock of assets held on the Fed's balance sheet. The Fed Chairman at the time, Ben Bernanke, started to reduce the amount of bond purchases by $10 billion per month; taking the amount of QE from $85 billion, to 0 by the end of October 2014.
Read full article... Read full article...
Monday, April 17, 2017
‘Ruralization’ and ‘Agriculturization’: The Last Option for Human Survival and Growth... / Politics / Social Issues
By: Dr_R_M_Mathew
... in the Age of Economic Crises and Terrorism
From the Myth of Growth and Abundance, the Humanity has entered into the Reality of Poverty and Survival, besides the Prolonged Economic Crisis for the destabilization of the rural economies, drastic decline of farm or food production and shrinking global economy as the byproducts of urbanization and aggressive industrialization. Deflating drinking and irrigation water supply due to changes in seasons and the weather, rising atmospheric heat or cold resulting in floods, draughts and wild fire and above all encroachments of fertile farm lands for industrialization and urbanization have become more evident.
Read full article... Read full article...
Monday, April 17, 2017
Emerging Markets Very Bullish, Close To Major Breakout / Stock-Markets / Emerging Markets
By: InvestingHaven
Emerging markets look increasingly bullish with each passing day. It was only three weeks ago that emerging markets were bullish enough to call for an official breakout. With that, our emerging markets forecast for 2017 proves to be accurate, as well as our call that emerging markets would become the investment of 2017.
As said, emerging markets look more bullish with the day. And they are only 6 percent away from a major event: a secular breakout. If that materializes, it would be MAJOR news, and, guess what, financial media will not be talking about it!
Read full article... Read full article...
Monday, April 17, 2017
Turkey's President Wins Sweeping Powers in Cliffhanger Vote / Politics / Turkey
By: STRATFOR
In an apparent cliffhanger victory, with challenges from the opposition still outstanding, the ruling Justice and Development Party (AKP) and President (and now party leader) Recep Tayyip Erdogan are claiming a hairline victory in a decisive referendum that will greatly empower the presidency. Some 48 million of 55 million eligible voters cast ballots on a raft of 18 constitutional amendments that will fundamentally alter the Turkish government, taking effect in the next scheduled election in 2019. With nearly all votes counted, the "Yes" vote garnered 51.34 percent of the vote with the "No" vote coming in close behind with 48.66 percent of the vote, according to state-run Anadolu Agency.
Monday, April 17, 2017
How Investors Can Buy Gold At A 6% Discount Today / Commodities / Gold and Silver 2017
By: HAA
Stephen McBride : Since the election, the Dow Jones Industrial Average is up over 13% while the S&P 500 is up 11%. One victim of the move into risk assets was gold, which plunged over 13% in the weeks following the election.
Although gold prices have since recovered some of their losses, the yellow metal’s drop has created a buying opportunity for those wanting to add bullion to their portfolios.
Read full article... Read full article...
Monday, April 17, 2017
Trump US North Korea First Strike Smoke and Mirrors, China is the Real War Target! / Politics / China US Conflict
By: Nadeem_Walayat
There is growing speculation in the mainstream media and BlogosFear that the Trump regime following blasting of an mostly empty Syrian air-field with 59 Tomahawk cruise missiles and then dropping a MOAB on caves in Afghanistan is next set to launch a pre-emptive first strike against the North Korean rouge state's nuclear and missile infrastructure before it manages to achieve its objective of being able to put nukes onto missiles.
Monday, April 17, 2017
... / Companies / Cannabis
By: OilPrice_Com
...
Monday, April 17, 2017
Canada Mother of All Housing Bubbles - Buy Gold in a Hurry! / Housing-Market / Canada
By: HAA
By Shannara Johnson : For centuries, physical gold has served as an effective crisis hedge. When economies take a severe downturn and paper money gets devalued, a stash of gold can save you from losing your shirt.
Our friendly neighbors to the north would do well to remember that wisdom—because they’ve been experiencing the mother of all housing bubbles.
Read full article... Read full article...
Monday, April 17, 2017
Stock Market, Gold Miners GDX Update / Stock-Markets / Stock Market 2017
By: Brad_Gudgeon
We entered into a Mercury Retrograde period on April 9, which I have said before is like trading in the Bermuda Triangle, difficult at best! Typically, this usually portends a turn in the precious metals market within about 2-4 trading days. As far as the stock market is concerned, the normal indicators tend not to work as well.
Read full article... Read full article...
Monday, April 17, 2017
History of the Post WWII Crude Oil Price From a Technical Perspective / Commodities / Crude Oil
By: Plunger
This is part I of a 3-part series introducing Plunger's "Trade of the Year". This section gives a review of the oil price from 1946 to present explaining the essential forces which powered its price through various bull and bear markets. It explains how we ended up where we are today in the oil market. Part II will explore the macro forces driving today's economy which lays the groundwork for introducing my trade of the year in part III.
To acquire a broader view of oils path over the past century I highly recommend the following resources on the oil market. Daniel Yergin's "The Prize" is an in-depth review of the history of oil up to the First Gulf war. It is indispensable in understanding the growth of the industry. Other books provide entertaining color to the industry by reviewing the swashbuckling nature of the early players who formed the industry as independents. I recommend "The Big Rich" by Bryan Burrough and JP Getty's autobiography "The Way I See It". Finally, David Stockman's "The Great Deformation" is essential reading as it corrects all the false economic narratives of the past which have been masquerading as truth.
Read full article... Read full article...
Monday, April 17, 2017
Stock Market Bounce Coming? / Stock-Markets / Stock Market 2017
By: Andre_Gratian
Current Position of the Market
SPX Long-term trend: Uptrend continues.
SPX Intermediate trend: The correction from 2400 continues,
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 discuss longer market trends.
Read full article... Read full article...
Sunday, April 16, 2017
Stocks Are Completely Mis-pricing the Risk of a Another Debt Ceiling Screw Up / Stock-Markets / Stock Market 2017
By: Graham_Summers
While everyone continues to focus on Trump and his policies, a much larger issue looms.
That issue is the US debt ceiling.
The US Government hit its debt ceiling on March 16, 2017. The Government employed “extraordinary measures” to keep the Government open. At that time, Congress had a little over three weeks to deal with this issue.
Read full article... Read full article...
Sunday, April 16, 2017
Korean Peninsula Brinksmanship / Politics / WW3
By: Stephen_Lendman
For a day at least, Washington and Pyongyang stepped back from the brink.
The DPRK refrained from conducting an expected sixth nuclear test, likely postponed, not cancelled.
Trump showed restraint by not belligerently reining on North Korea’s Day of the Sun commemorative parade, honoring its founder Kim Il-sung’s 105th birthday.
Read full article... Read full article...