Friday, September 18, 2015
In Thrall to the Federal Reserve / Politics / US Federal Reserve Bank
Jeff Deist writes: BREAKING NEWS:
Perhaps no economic pronouncement in history has been anticipated, discussed, predicted, dissected, and reported like the Federal Reserve’s momentous decision today not to raise interest rates.
The outpouring of relief witnessed today by the financial press is nothing short of cathartic. Fear and anxiety, built up over months, is replaced by relief, even euphoria.
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Friday, September 18, 2015
The Central Bankster Crucifix / Interest-Rates / Central Banks
The FRB, the ECB, the PBoC, and the BoJ are all central banksters. It matters not which country they infest. It matters not which form of gooberment they act as marionette. It matters not how much economic destruction they instigate. Their wicked intent is the same. Total power. Total domination. Total rule. Total control. Total enslavement.
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Friday, September 18, 2015
Fed Keeps US Interest Rates Unchanged - Comparison of Sep and July Statements / Interest-Rates / US Interest Rates
The Fed kept rates unchanged with an unambiguously dovish statement, focusing on weakening inflation, rising market turbulence and a new reference to foreign developments. The dot forecasts pointed to slower growth and lower core inflation and lower fed funds projections. The only hawkish dissent to the decision was from Richmond Fed's Lacker, but this point was made moot by not only due to Lacker's well documented hawkish stance, but also by the fact that the dot plot showed one Fed member expecting negative rates, even if this member is the widely dovish Minneapolis Fed's Kocherlakota.
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Thursday, September 17, 2015
Trading 101: Position Sizing / InvestorEducation / Learn to Trade
This is going to be the last of the trading lessons for a while. I don’t want to turn this into a trading blog, and there are important macro things to talk about (especially next week).
Here’s an imaginary scenario: someone tips you that an acquisition is going to happen. Of course, that would be insider trading, which is illegal—but let’s pretend for the purpose of this exercise that insider trading were legal.
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Thursday, September 17, 2015
Great Financial Crisis 2nd Leg - The Chinese Emperor Has No Clothes / Stock-Markets / Chinese Stock Market
The first chart below may be signalling a very significant technical development from the perspective of global investor confidence.
The lower low in the On Balance Volume (OBV) chart is not yet significant in terms of extent; nevertheless, its significance lies in the fact that it is pointing to the “potential” emergence of a wave of selling pressure in the equity market of a country that has clearly been cooking its economic books (see evidence below).
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Thursday, September 17, 2015
Stock Market Fed Decision Day / Stock-Markets / Stock Markets 2015
Good Morning!
A colleague, Gary, called me yesterday to comment that this formation might have a better fit as a Flag or Pennant formation instead of a Triangle. A glance at the two-hour chart shows an upward tilt that would agree with that assessment. The Wave Structure also fits, whether a Minor Wave 4 or an Intermediate Wave (B), which is the alternate view.
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Thursday, September 17, 2015
What Today’s Fed Decision Means for Crude Oil Prices / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: After nine years of historically low interest rates, the Fed is finally getting ready to remove the proverbial punchbowl from the easy-money party.
As it stands, Yellen & Company are only contemplating a mere 25 basis rate hike and even that now seems unlikely.
According to the CME Group’s FedWatch tool, the Fed Funds futures contracts are pricing in a below 25% chance of a rate hike later this afternoon.
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Thursday, September 17, 2015
Stock Market Optimism Ahead Of Fed's Interest Rate Decision Release / Interest-Rates / US Interest Rates
Briefly: In our opinion, no speculative positions are justified
Our intraday outlook is neutral, and our short-term outlook is neutral:
Intraday outlook (next 24 hours): neutral
Short-term outlook (next 1-2 weeks): neutral
Medium-term outlook (next 1-3 months): bearish
Long-term outlook (next year): bullish
Thursday, September 17, 2015
Gold Price Up Before Fed Interest Rate Decision - Myth Of All Powerful Central Banker Continues / Commodities / Gold and Silver 2015
Gold rose 1.3% yesterday ahead of the Federal Reserve interest rate announcement today. Markets remain divided and uncertain whether the Fed will increase rates by 25 basis points today (1900 GMT).
The Fed last raised interest rates in June 2006, by 25 basis points to 5.25%, shortly after that America’s central bank found itself reducing rates and since December 2008 the Fed’s benchmark interest rate has been set between 0.0% and 0.25%. Gold prices rose in the months after the interest rise and were 23% higher in 2006.
Thursday, September 17, 2015
The Talk of US Stock Market Crash Does Not Make Sense / Stock-Markets / Stock Markets 2015
Nicholas Kitonyi writes: Over the last few weeks, there has been a lot of talk of a possible US market crash. This comes following a substantial decline across all the major US Indices and their associated ETFs which saw them drop by 6%-9% between late August and early September.
However, we have already witnessed significant resurgence in US markets over the last few days, which suggests that investors still remain optimistic.
Thursday, September 17, 2015
Don't Buy the Fed's New "Bribe-a-Bank" Interest Rate Policy / Interest-Rates / US Interest Rates
MoneyMorning.com Lee Adler writes: After seven long, strange years, we're now looking at the end of ZIRP as we know it.
And good riddance, too. It's been a disaster for the U.S. economy, the middle class, the housing market – just about every facet of American economic life has suffered from this fiscal disaster masquerading as coherent monetary policy.
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Thursday, September 17, 2015
U.S. Fed Must Avoid Bank of Japan Errors / Interest-Rates / US Interest Rates
No, the US is not Japan and the Federal Reserve is not the Bank of Japan. But when we assess the implications of what could be the first Fed rate after 7 years of zero interest rate policy in the US, there's no better reference than the BoJ.
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Thursday, September 17, 2015
The Shale Oil Delusion: Why The Party's Over For U.S. Tight Oil / Commodities / Shale Oil and Gas
The party is over for tight oil.
Despite brash statements by U.S. producers and misleading analysis by Raymond James, low oil prices are killing tight oil companies.
Reports this week from IEA and EIA paint a bleak picture for oil prices as the world production surplus continues.
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Thursday, September 17, 2015
Stock Market Short Interest Off The Charts...Fed On Deck.... / Stock-Markets / Stock Markets 2015
A new report came out this morning showing trader-short interest is at an all-time high. Nothing like fear to create a more bullish environment. The short interest here is at a greater level than at any time during the 2000-bear market or the 2009-bear market That's almost impossible to believe, but that's what the numbers are showing. Most folks know the rule of this crazy game with regards to following the herd. Never do it! If the masses get too bullish it's probably not a bad idea to start removing most of your long holdings. No different than when things get far too bearish. Right now the trading world is far too bearish, which tells me that over time it's more likely, though no guarantee, that we'll get through S&P 500 1993 before losing S&P 500 1867. Taking out 1993 would negate the bearish-bear flag pattern, and set things up more balanced between the two sides. Then it would be more about sentiment.
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Thursday, September 17, 2015
Syria's Economy Not Shaken by ISIS / Economics / Syria
The fog of war has removed any sense of certainty regarding developments on the Syrian battlefield. That said, we know that ISIS has captured several towns, and that waves of Syrian refugees are disembarking upon Europe's shores. But, the picture remains chaotic and hazy.
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Thursday, September 17, 2015
Refugee Crisis is a Far Bigger Risk to Your Money than the Fed or China / Stock-Markets / Refugee Crisis
MoneyMorning.com Keith Fitz-Gerald writes: Today we’re going to talk about the 800 pound gorilla in the room. No politician will touch it and no citizen wants to acknowledge it in an era where political correctness has run amok.
But we have to.
“It” is Europe’s desperate refugee crisis, and “it” is by far the single biggest threat to your money today. You’re not hearing about this at the moment but you will in the months ahead.
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Thursday, September 17, 2015
Gold Price Bottom - 90% Of Traders Are Always Wrong At Major Turns / Commodities / Gold and Silver 2015
For about the last year and a half I’ve been warning that gold was being driven down to test the last C-wave top ($1033). No one believed me.
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Thursday, September 17, 2015
Should You Actually Worry About Gold Confiscation? / Commodities / Gold and Silver 2015
Guy Christopher writes: Most gold owners are familiar with worries of forced government gold confiscation - that one day black-ops shock teams will toss homes to find that stash of coins and bars.
The sole historical source for the modern fear of "confiscation" was President Franklin Roosevelt's 1933 Executive Order 6102 telling America to cough up its gold in the midst of The Great Depression.
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Wednesday, September 16, 2015
Jim Rogers on Timeless Investing Strategies You Can Use to Profit Today / Stock-Markets / Investing 2015
By Nick Giambruno
Recently I spoke with Jim Rogers about the most important investment lessons he has learned over the years.
Jim is a legendary investor and true international man. He’s always ahead of the game. Jim made a bundle by investing in commodities in the 1990s when they were out of favor with Wall Street. He’s also made large profits investing in crisis markets.
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Wednesday, September 16, 2015
Stock Market Sectors, Does Anyone Win With an Interest Rate Hike? / Stock-Markets / Sector Analysis
Matthew Carr writes: Editorial Note: It’s the big moment investors have been waiting for. As we write, the Fed is meeting to decide if it will raise interest rates for the first time since 2006. And while there won’t be any official announcement until Thursday, folks are understandably on edge. But should you be?
We asked Matthew Carr to do what he does best - to sift through decades of market data and uncover the real effect of rate hikes on stocks. We hope you enjoy his commentary. And afterward, if you’re still worried, click here to see how our Chief Investment Strategist Alexander Green is preparing Oxford Club Members for the end of the bull market.
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