Wednesday, August 26, 2015
Stocks Bear Market, Is This 1929 All Over Again? / Stock-Markets / Stocks Bear Market
The Dow has been smashed over the last week which has brought out the usual doom and gloomer’s predicting Armageddon once again. There are several so called experts now predicting a 1929 style bear market.
Admittedly, it is hard not to get caught up in the emotion of days where the market sees a 1000 point intraday drop. So, is this really 1929 all over again? Well, for those that can’t be bothered to read the analysis, the short answer is no. Not as far as I’m concerned anyway.
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Wednesday, August 26, 2015
Start of Stock Market Third Wave / Stock-Markets / Stock Markets 2015
SPX nearly took out SPX’s Monday morning lows by mere ticks. This doesn’t bode well for the overnight session. It appears that wave [iii] of 3 or C has begun.
Potentially bad news out of China may set the stage for a much larger sell-off both in China and in the US.
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Wednesday, August 26, 2015
Stock Market Tanks In Last 15 Minutes; Correction Not Done? / Stock-Markets / Stock Markets 2015
That was sudden. After soaring at the open and holding big gains all day, US equities fell off the table in the last 15 minutes of trading, ending over 500 DOW points below the day’s high. Guess the, um, uncertainty isn’t over.
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Wednesday, August 26, 2015
The One Trading Strategy You Needed for Stock Market Crash / Stock-Markets / Options & Warrants
MoneyMorning.com Tom Gentile writes: After yesterday – the worst trading day in recent memory – I want to get serious with you about risk.
If you get this right, you could have banked serious profits yesterday.
And I want to make sure you DO get it right.
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Wednesday, August 26, 2015
Stock Market and Gold Mining Shares Update / Commodities / Gold and Silver Stocks 2015
Most people did not expect what happened on Monday morning. The futures traders took the ES down to 1830 with the cash market stabilizing at SPX 1867 in just a few minutes time. Clive Maund gets some kudos here calling for the Dow Industrials to be down a potential 1000 points Monday, but as I recall, he believed it would be a public panic, not what just happened with the futures (Good call Clive!).This was first time I’ve seen my TLC indicator be off a day as it was calling for a Friday bottom. The Gann cycle low was maxed out at 16+4 TD’s from the July 27 low and the 4 TD low part of that cycle was due no later than early Monday, which is what happened.
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Wednesday, August 26, 2015
The Gold and Silver “Shortage”? / Commodities / Gold and Silver 2015
By Chris Marchese : A pet peeve of mine is when an article is published talking about a shortage in silver or gold. Recently, we have seen an increase in articles claiming that there is a precious metals shortage simply because both the U.S. mint and Royal Canadian Mint ran out of blanks. Both government mints predetermine a rough amount they will mint at the start of the year. When demand surges, a “bottleneck” can occur and this has happened in the past.
Why is this such a pet peeve? Because a shortage in a specific silver product does NOT mean a shortage in the raw material. It would be like saying there is a rice shortage if Rice Krispies stopped being produced momentarily.
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Wednesday, August 26, 2015
Here’s What Happens When Crude Oil Geo-Policy and Market Reality Collide / Commodities / Crude Oil
MoneyMorning.com Dr. Kent Moors writes: Over 220 years ago, a Scottish writer by the name of Thomas Carlyle provided a personal account of what Paris was like during the French Revolution. The three-volume work (which at one point I suggested in an academic article was two volumes longer than necessary) is full of personal anecdotes. One of them is particularly relevant these days.
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Wednesday, August 26, 2015
Stock Market Hybrid Lindsay Forecast for a Low / Stock-Markets / Stock Markets 2015
My July 28 commentary was the last time I gave an update on my Hybrid Lindsay model (a hybrid approach to the work of the late technician, George Lindsay). In that commentary I mentioned my forecast for a low in the period July 24-31 and that I felt the expected low was "very close and may have already been seen last Friday". As it turned out, the low was that Monday, July 27.
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Tuesday, August 25, 2015
Second Chance To Buy Cheap Gold Mining Stocks / Commodities / Gold and Silver Stocks 2015
I want to take a special look at gold and the dollar this morning and see if we can’t alleviate some of the fears created yesterday by the big move down in mining stocks. As I’ve noted before it’s not uncommon for big money to try to run stops to enter at the cheapest price possible. We actually saw GDXJ run the stops last winter right before a second daily cycle tacked on some very big gains in the metals sector. We may see that again in the mining sector over the next few days, possibly as oil puts in its final three-year cycle low.
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Tuesday, August 25, 2015
Gold Facts and Gold Speculations / Commodities / Gold and Silver 2015
Gold was valuable 3,000 years ago and will be valuable 3,000 years from now. But can you say the same for dollars, euros, yen, or pounds?
Gold maintains its value (on average) over centuries. Can you expect similar longevity for debt based fiat currencies that are managed by politicians and created with printing presses or computers in central banks?
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Tuesday, August 25, 2015
CNBC Bimbos Stock Market Rebound Ecstasy / Stock-Markets / Stock Markets 2015
The CNBC bubble headed bimbos and brainless stock touting twits will be in ecstasy today as the ever predictable rebound is under way. The market will soar by over 500 points at the opening as the excuse of the day is China’s desperate interest rate cut to try and stem their downward spiraling economy and markets. The Wall Street captured boob tube brigade will tell their almost non-existent viewership that all is well. The terrifying plunge is in the past. The economy is great. Housing is strong. Stocks are now a bargain. It’s the best time to buy.
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Tuesday, August 25, 2015
China First - Stock Market Freefall. Then -- Panic. Now What? / Stock-Markets / Chinese Stock Market
How does the Chinese market meltdown fit into Asia BIG Elliott wave picture?Yes, China has crashed. But what about the big picture?
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Tuesday, August 25, 2015
The Stock Market Crash Season is Here… / Stock-Markets / Financial Crash
It’s finally happening. The crash season is upon us.We’ve seen the early signs this week with leading stocks getting the carpet swept out right from underneath them.
China’s stocks are right where they were when its bubble burst 35% into July. UK stocks are in a correction. The DAX is in a correction. And the S&P 500 hasn’t busted quite as much – yet – but it’s dipped below that important level of 2,000 at the bottom of the S&P 500 Channel going back to late 2011.
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Tuesday, August 25, 2015
The Stock Market Is Crashing…There’s No Escape / Stock-Markets / Financial Crash
My phone’s ringing off the hook. My inbox is flooded. Some people want to know if this market rout is the big one. Others want to cheer us on for sticking to our guns for so long. But everyone has a question: How long will this selloff last?The answer depends on why equities dropped in the first place. The problem is, there’s no single reason.
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Tuesday, August 25, 2015
Hurricane Katrina: A 10-year review of lessons NOT learned / Politics / US Politics
This week is the 10th anniversary of the destruction of the southeastern gulf coast by Hurricane Katrina.
More than 1,800 people died. There is no estimate for the number of pets and wildlife. Damage was estimated at more than $100 billion.
About 80 percent of New Orleans was flooded. In Mississippi, the water surge flooded as much as 10 miles from the beaches.
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Tuesday, August 25, 2015
Liftoff Setback Leads to U.S. Dollar Pullback / Currencies / US Dollar
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
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
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
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.
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Tuesday, August 25, 2015
Saudis Could Face An Open Revolt At Next OPEC Oil Meeting / Commodities / Crude Oil
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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