Tuesday, October 06, 2015
Stock Market Turn Appears to Have Been Made / Stock-Markets / Stock Markets 2015
SPX peaked at 10:00, as suggested this morning. I had suggested that last Thursday might be the peak, due to an indication of a Primary Pivot there. However, it was not in the dominant Cycle. Today was day 43 of the dominant Cycle, that is, the one beginning on August 24.
One of the reasons for much of the confusion up to the July 20 high was the lack of dominant Cycles. That is why I had emphasized the July 7 low as being a probable flash crash, which it wasn’t, because it originated on October 15, 2014. Now that we are getting sorted out, it may be easier to follow the next series of declines and rallies.
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Tuesday, October 06, 2015
Designing a Dividend Growth Portfolio for a Specific Retirement Yield Objective / Portfolio / Pensions & Retirement
Managing an investment portfolio is a very personal matter. Consequently, the most important consideration is to design a portfolio that meets your own unique goals, objectives and risk tolerances. Everyone is different, and consequently, every investment portfolio can and should be appropriately different as well. Stated more straightforwardly, I do not believe in cookie-cutter or one-size-fits-all approaches to portfolio design.
In the same vein, I believe that investment portfolios, especially retirement investment portfolios, should be designed and constructed to meet the specific needs of the individual it is built for. In some cases the objective might be current income and safety. In other cases the objective might be the necessity to earn the highest possible rate of return. Importantly, the most appropriate objective for each individual will often be driven by factors that are external to the portfolio itself.
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Tuesday, October 06, 2015
Peter Schiff Predicts Gold Price Breakout - Video / Commodities / Gold and Silver 2015
Standard Wall Street analysis says a Federal Reserve rate hike would be bearish for gold. Peter Schiff debunks this assumption by looking at gold's behavior under the tenure of both Paul Volcker and Alan Greenspan. However, after Friday's terrible jobs report, Peter believes the debate over a 2015 rate hike is practically moot. He explains how the latest economic data is more strongly indicative of a looming recession than anything else, and the surge in the price of silver is the first sign that markets may be waking up to this fact.
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Tuesday, October 06, 2015
Gold Price October High / Commodities / Gold and Silver 2015
Gold lost $8.90/oz. last week to close at $1,137.10 but on Friday printed an engulfing bullish candlestick. Gold gained $22.90 on Friday marking last week's expected cycle low and closed on the 89-dma. The 89-dma is an important marker of regime change but beware past Pinocchio breakouts. Any breakout through the 89-dma will find next resistance close-by from the 8/21/15 high near 1,160.
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Tuesday, October 06, 2015
Silver and The Bond Market Collapse / Commodities / Gold and Silver 2015
Debt is at the root of money creation in this debt-based monetary system. In fact, as the name suggests, money is debt in this system. Historically, instead of debt as money, there would have been gold or silver.
Gold is still somehow linked to the monetary system, albeit in a very small way, as can be seen by the fact that many central banks own gold as part of their reserves. Silver, on the other hand, has been completely eliminated from the monetary system.
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Tuesday, October 06, 2015
SPX Finishing its Retracement this Morning / Stock-Markets / Stock Markets 2015
SPX Premarket has eased down, but not impulsively. This suggests another probe higher at the open. The estimated target may be between 2000.00 and 2004.00.
ZeroHedge reports, “The best headline to summarize what happened in the early part of the overnight session was the following from Bloomberg: "Asian stocks extend global rally on stimulus bets."
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Tuesday, October 06, 2015
Gold price to double in price and surpass its inflation-adjusted high of $2,500 / Commodities / Gold and Silver 2015
The bullish outlook for gold prices was covered by Dow Jones Marketwatch yesterday.
“Gold prices may be ready to make a significant move higher as holdings of the precious metal in the SPDR Gold Trust exchange-traded fund climb to their highest level in more than two months.”
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Tuesday, October 06, 2015
M&S Bank Outstanding Personal Loan Interest Rate Cut - Best Buy / Personal_Finance / Debt & Loans
&S Bank has emerged as the current winner in the personal loan rate war thanks to a rate reduction on its Unsecured Personal Loan, which is now priced at 3.5% APR for a loan of £7,500 to £15,000 over a term of one to five years.
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Tuesday, October 06, 2015
UK Current Account Bank Fees on the Rise / Personal_Finance / Current Accounts
Recent research by Moneyfacts.co.uk shows that there has been a rise in the cost of some high street current accounts over the past two years, with account fees and overdraft usage fees creeping up.
This upward trajectory is likely to continue into next year, as another high street bank is already making plans to more than double its account fee in early 2016, without offering any extra benefits.
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Tuesday, October 06, 2015
Silver Prices and HFT / Commodities / Gold and Silver 2015
This is part of an ongoing series describing silver “Electronic Price Discovery versus the Fundamental Reality”.
In this discussion, we will go a little deeper and narrow with HFT and algorithm trading, and more specifically its impact on the market.
First off, I don't think that speed, electronics or computers are necessarily a bad thing in and of themselves. Nor are the tactics employed, including “sub-millisecond trading” or “co-location of servers”, the latter meaning one can physically place servers closer to the exchanges and therefore gain a speed advantage. I don't think they're necessarily bad things in and of themselves.
Tuesday, October 06, 2015
Theresa May Declares War on Immigration - Conference Speech Full Transcript / Politics / Immigration
“Thank you, Arminka, Baroness Helic, for that incredible, personal story. From Bosnia to Britain, from arriving here as a refugee to serving the public in government and in the House of Lords, your story is an inspiration to us all. So, on behalf of everybody here today, thank you.
Before I begin, I’m sure I speak for everyone at Conference when I say that our thoughts and prayers are with the family, friends and colleagues of Police Constable David Phillips who was killed in the line of duty in the small hours of yesterday morning. PC Phillips, who served with Merseyside Police, leaves behind a loving wife, Jennifer, and two young daughters, Abigail and Sophie.
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Tuesday, October 06, 2015
Is Russia Plotting To Bring Down OPEC? / Politics / Crude Oil
President Putin's recent moves in the Middle East—to shore up Bashar al-Assad's regime in Syria through deployment of combat aircraft, equipment, and manpower and build-out of air-, naval-, and ground-force bases, and the agreement in the last week with Iran, Iraq, and Syria on intelligence and security cooperation—could contribute to Russian efforts to combat the myriad negative pressures on Russia's vital energy industry.Read full article... Read full article...
Tuesday, October 06, 2015
Stock Market European Surprise.... / Stock-Markets / Stock Markets 2015
One thing I've learned through the years is to expect the unexpected. The global-economic reports have been poor, and have been getting worse as time moves along. It doesn't matter what part of the globe we're speaking about, the news just keeps getting worse. Based on that reality, we've seen our markets struggle for quite some time now. Fundamentals are rising above fear. When you think about how intense fear is, it's pretty amazing that the bears can still win with poor fundamentals. That said, the unexpected good news hit out of nowhere, which is how it always occurs. The Euro Zone had their retail-sales report, and it came in better than expected, not only month over month, but year over year. The Euro Zone saw all of their markets rise on that news, and, in some cases, explosively so. There are so many shorts out there that it wouldn't take too much to get a decent rally.
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Tuesday, October 06, 2015
Key Chart Shows Silver Price at Critical Crossroads / Commodities / Gold and Silver 2015
Stefan Gleason writes: Gold and silver markets enter the week with an opportunity to build on last Friday's strong reversal. The metals had drifted lower through Thursday's close, but they got a big boost Friday after the Labor Department released disappointing jobs numbers.
Even though the official unemployment rate held steady at 5.1%, the number of jobs added in September fell short of analyst expectations. Worse, a record 94.6 million Americans of working age now aren't working. Most of these jobless Americans don't get counted as "unemployed" - making the unemployment rate a dubious statistic. It's so obviously unrepresentative of real-world realities that even mainstream financial reporters are catching on.
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Tuesday, October 06, 2015
U.S. Economic Recovery Failure to Launch / Economics / US Economy
The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the economy hasn't built up any noticeable steam, and why the Fed has failed to move rates off zero, where they have been for seven years. But the downright dismal September jobs report that was released last Friday may prove to be the flashing red beacon that even the most skilled apologists can't explain away. The report should make it abundantly clear that we are far closer to recession than recovery. But old notions die hard and, shockingly, most economists still believe that we have hit a temporary speed bump not a brick wall. But at some point healthy hope turns into dangerous delusion. We may have just turned that corner.
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Tuesday, October 06, 2015
Target Date Funds As Aid In Retirement Investment Portfolio Design / Portfolio / Pensions & Retirement
- Investors in or near retirement should be aware of portfolio design leading fund sponsors suggest as appropriate
- Leading target date funds appear to generally have less severe worst drawdowns than a US 60/40 balanced fund
- The funds have slightly higher yields than a US 60/40 balanced fund
- Target date funds have underperformed a US 60/40 balanced fund in part due to a cash reserve component and non-US stocks
- Non-US stocks drag on historical performance could become future boost to performance.
Tuesday, October 06, 2015
Stocks Bear Market Apocalypse Imminent Crash Gets Nuked Again / Stock-Markets / Stock Markets 2015
The last 2 months have been increasingly witnessing ever louder market calls for the beginnings of a new stocks bear market and this not just from the usual suspects, the perma bears who call every correction of the past 6+ years as marking the start of a bear market. Lately an increasing number of those who had managed to remain 'mostly' bullish in the face of a relentless stocks bull market have been increasingly coming out pronouncements of stocks now being in a bear market .
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Monday, October 05, 2015
Macrocosm Revisited / Stock-Markets / Financial Markets 2015
Here again is our representation of what a positive macro environment would look like for a bullish gold and gold mining stance. We created this theme in July for NFTRH 353.
This view comes off as repugnant to much of the gold “community”, but I cannot stress strongly enough how important it is to tune out the fairy stories about missing COMEX gold (and silver), love-inspired demand from China and India, ‘rising US employment drives interest rates, incentivizes banks to lend and creates inflation, driving people into gold and gold stocks’ or any other angle out there that does not focus on declining confidence in policy making and its ability to control economies and financial markets. Every single one of these supposed fundamentals have already been proven wrong.
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Monday, October 05, 2015
Nightshades Curb Your Enthusiasm / Personal_Finance / Health and Fitness
John Roth writes: [Disclaimer: The following is not a medical article]
I am a male over 60 and have [or had] a serious health problem that I tried to ignore for the last three years. I tried every holistic treatment, supplement, vitamin and herb under the sun. During that period my gastrointestinal tract quit working three times. I had a lot of trouble breathing and although I had the urge nothing would come out of my body. You get the picture.
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Monday, October 05, 2015
U.S. Recession Watch, High-Yield – Rising Defaults / Economics / Recession 2015
“Growth is never by mere chance; it is the result of forces working together.”– J.C. Penney
“Strength and growth come only through continuous effort and struggle.”– Napoleon Hill
“We’re lost, but we’re making good time.” – Yogi Berra, 1925-2015, RIP (For a most moving and memory-laden tribute to Yogi, see The Lefsetz Letter.)
The Yogi Berra quote above, which was brought to my attention this week, seems an apt description of where the markets and the economy are today. Nobody is quite sure where we are or where we’re going, but we all seem to think we’re going to get there soon.
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