Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 177 = 16,027 SPX – 26 = 1853 NAS – 79 = 4283 10 Y – .11 = 1.74% OIL – .80 = 30.09 GOLD + 15.50 = 1190.00 This was just an ugly session from the start. The Dow opened about 200…
When the June 2018 eurodollar futures price touched above 98.50 on October 2, I thought that was an impressive bid suggesting just how much negativity had survived the August liquidations. It was interrupted by some backward optimism about China’s October Golden Week, but the eurodollar curve overall with the June 2018 maturity as a specific…
A ‘desperate secondary test’ just above the January 20 lows preceding our expected ‘reflex rebound’, and ensuing decline from February’s start, is really the core message to convey about Monday’s market turnaround try. It’s dicey; has little prospects for success, and is discussed (and projected from technical perspectives) to be part of the pattern ‘process’…
A recent headline from the mainstream media blared the news (stated the obvious): more than 60% of Americans don’t believe that either half of the U.S.’s two-party political system cares about the endangered species known as “the Middle Class.” How endangered is the Middle Class, in the United States and across North America, as a…
The wise guys keep buying the dips owing to the simple proposition that there is never a lasting bear market without a recession. So after today’s blow-out we are likely to get another call to scoop up the “bargains” because the correction has run its course and the US economy is still chugging along notwithstanding the…
A Curious Collapse Ever since the ECB has begun to implement its assorted money printing programs in recent years – lately culminating in an outright QE program involving government bonds, agency bonds, ABS and covered bonds – bank reserves and the euro area money supply have soared. Bank reserves deposited with the central bank can…
USDJPY: The pair sold off further on Monday and followed through lower during early trading on Tuesday. This development leaves risk of more weakness on the cards. However, beware of a correction. On the downside, support comes in at the 115.00 level where a break if seen will aim at the 114.50 level. A cut…
I have to send them a check every month, and sometimes it gets a little expensive. But I couldn’t imagine life without them. In fact, life would be unbearable if they weren’t around. But, to be completely honest, they have returned to me much more than I have ever given to them. Not in the…
Shares of RandGold (GOLD) rallied in midday trading after the company reporting earnings for the fourth quarter of fiscal year 2015 and announced plans to increase its annual dividend. WHAT’S NEW: Before the market open, RandGold Resources reported Q4 earnings per share of 47c, down from 53c in the same period last year, and below…
Shouldn’t we give up and call an end to the entire fake, faulty and corrupt process called government? After all, life’s great if we don’t think about what lies ahead. Let me explain. The government continues to deficit finance on a huge scale and rate. The numbers are fraudulent because the process allows special interests…
