Michael Wilson, the chief U.S. equity strategist at Morgan Stanley (MS - Free Report) , added that “over the past two months, the U.S. equity market has moved decidedly more defensive and value is showing more persistent performance versus growth.” This move toward defensive sectors and value strategies indicated that the market is concerned about growth fading later this year and next.
Bill Pawelec taught me the meaning and importance of predictive programming. As a result, I am going to reveal a partially redacted, but very relevant email from a member of my audience about the extreme relevance of predictive programming. And then I am going to allow the predictive words of my late friend, CIA contract agent and former Air Force Intel operative, Bill Pawelec, who revealed what is coming and I fear we will not have to wait very long this to happen.
The accompanying chart shows the losses of the median newsletter’s model portfolio in the 1987, 2000-02, and 2007-09 bear markets. For context, consider that the average bear market since 1900 has produced a 31% loss for the Dow Jones Industrial Average DJIA, +1.46% The median newsletter’s losses in those more recent three bear markets have been minus 23%, minus 28%, and minus 43%, respectively.
The first part of my answer is technical, what do the charts show. Well, a normal 50% DJIA retracement of its big gains from January 2016 to January 2018 would take this index down to 21070 and exactly fulfill the minimum requirement of a bear market, i.e. that the DJI falls 20%. The DJI now stands a little above 23500, about 12% down from its peak.

Misguided Tweet About PfizerAnother misguided tweet that came out today from the President had to do with drugs:Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other count ...…
Before I get into my analysis and the reasons we are heading towards the Seneca Cliff, I wanted to share the following information.  I haven’t posted much material over the past week because I decided to spend a bit of quality time with family.  Furthermore, a good friend of mine past away which put me in a state of reflection.  This close friend was also very knowledgeable about our current economic predicament and was a big believer in owning gold and silver.  So, it was a quite a shame to lose someone close by who I could chat with about these issues. Read More
Hoover, on the other hand, apparently became convinced that bear raids on the stock market were intended to damage his presidency. In April 1932, a French stock market rag was raided by Paris police, its female editor accused of being in the pay of Russian and German interests who were trying to induce a panic on the New York market. In desperation, Hoover ordered the Senate to open an investigation into the affairs of Wall Street.
During bear market periods, investing can be risky even for the most seasoned of investors. A bear market is a period marked with falling stock prices. In a bear market, investor confidence is extremely low. Many investors opt to sell off their stocks during a bear market for fear of further losses, thus fueling a vicious cycle of negativity. Although the financial implications of bear markets can vary, typically, bear markets are marked by a 20% downturn or more in stock prices over at least a two-month timeframe.
Bill Gross co-founded Pacific Investment Management Co. LLC, or PIMCO, where he earned a reputation as a particularly savvy bond fund manager. He now does the same in his position at Janus Capital Group Inc. Money cites Gross as another big-name investor who predicted the 2008 crash, raising a cash hoard of $50 billion to cover potential counter party claims against PIMCO.
Once a municipal advisor and bond counsel have been established, they will work together to identify an underwriter that will manage the distribution of the bonds. The underwriter is a broker-dealer that publicly administers the issuance and distributes the bonds. As such, they serve as the bridge between the buy and sell side of the bond issuance process. Underwriters connect issuers with potential bond buyers, and determine the price at which to offer the bonds. In doing so, most underwriters will assume full risk and responsibility for the distribution and sale of the bonds issued by the issuing agency. As such, underwriters play a central role in deciding the return and span of maturities, typically collect fees in exchange for their services. If the price is wrong, the underwriter is left holding the bonds.
Rising mortgage rates will certainly cause housing sales to fall. Prices will follow for those houses that have to sell because, as mortgage interest rises, people won’t qualify for as large a mortgage as they do now. It’s all part of the developing Epocalypse in which multiple industries collapse into the final depths of the Great Recession as the fake recovery fades out of existence like a mirage. Read More
In 2016, the campaign launched a new series of PSAs that aimed to increase awareness about less commonly known ways that wildfires can start. The new “Rise from the Ashes” campaign featured art by Bill Fink, who used wildfire ashes as an artistic medium to illustrate the devastation caused by wildfires and highlight less obvious wildfire causes.[62]
I decided that before I sat down to write the weekly recap and outlook for the gold and silver markets that I would go to a few of the great commentary sites such as Streetwise, 321Gold, Goldseek and Gold-Eagle and read what the other “experts” are saying about the precious metals markets before I attack the keyboard. Earlier in the week, I had been working on a Western Uranium Corp. story and was astounded how stress-free it was writing about an energy deal as opposed to a sound money deal. Read More

Surely last week this foundering nation finally reached Peak Social Justice Warrior Bullshit with The New York Times hiring of genocide-for-white-people advocate Sarah Jeong, 30, as an op-ed writer on tech matters. Apparently, one angle of the tech world Sarah Jeong overlooked was the mile-wide Twitter trail of messages she left over the past ten years declaring that white people should be “canceled out,” “made to live underground like groveling goblins,” or this pungent one from the Reinhard Heydrich playbook: “Oh man it’s kind of sick how much joy I get out of being cruel to old white men.” Read More


Despite persistent faith in the U.S. dollar and assurances that rate hikes will continue into 2019, gold has plenty of room to take back its losses and make new gains, reports an article on Newsmax. Barron’s contributor Andrew Bary notes that gold’s lower prices come at a time when global inflation is bound to go up as governments look to deal with mounting sovereign debt. Read More

And while bear markets typically don't last long (most bear markets in the past have only lasted around 10-15 months), they can mean big losses. Bear markets are not the same as market corrections -- when the market drops 10% from a previous high -- but they can be started by a market crash (which happens when prices drop 10% in one or two days).  


A bear market occurs when the major indices continue to go lower over time. They will hit new lows. More important, their highs will be lower than before as well. The average length of a bear market is 367 days. The conventional wisdom says it usually lasts 18 months. Bear markets occurred 32 times between 1900 and 2008, with an average duration of 367 days. They typically happened once every three years.

In closing, EvG says, “. . . At some point, all hell will break loose. There is no question about it. It could be something very serious coming this autumn. The whole political system is fighting against Trump, and that is going to be tough, very tough. . . . The markets are giving me the signal that things are going to turn in the autumn, and you can easily find a number of catalysts for this to happen.” Read More
Whether the market is in bear territory or not matters because declines tend to feed on themselves. It also suggests that investors have lost faith that the economy can keep producing the big gains it has turned in lately. If anyone still believes that President Donald Trump’s tax cuts will lead to a prolonged boost to corporate profits, it is hard to see evidence of that in the market. On top of that, when the psychology of investors is glum, bad news tends to send stocks downstream much faster than at times when stocks are trading at bull-market premiums.

In May, President Trump signed the rewrite of the 2010 Dodd-Frank law passed earlier by Congress with rare bipartisan support. The bill is the biggest rollback of bank rules since the financial crisis. According to the new law, lenders with less than $10 billion in assets will be exempted from the Volcker rule that bans proprietary trading. Read More
usage: Since the latter part of the 18th century, a distinction has been made between born and borne as past participles of the verb bear. borne is the past participle in all senses that do not refer to physical birth: The wheat fields have borne abundantly. Judges have always borne a burden of responsibility. borne is also the participle when the sense is “to bring forth (young)” and the focus is on the mother rather than on the child. In such cases, borne is preceded by a form of have or followed by by: She had borne a son the previous year. Two children borne by her earlier were already grown. When the focus is on the offspring or on something brought forth as if by birth, born is the standard spelling, and it occurs in passive constructions and in adjective phrases: My friend was born in Ohio. No children have been born at the South Pole. Abraham Lincoln, born in Kentucky, grew up in Illinois.
The Pecora hearings, as they became known (after their lead counsel, Ferdinand Pecora), revealed the seamier side of Wall Street during the bull market: the involvement of leading firms and bankers in the manipulation of share prices, the dumping of unseasoned securities on an innocent public, the fleecing of the firms’ own clients, the preferential distribution of shares to favored friends, and so on.
After only a month and a half in office, in a media blitz including press conferences, interviews and public appearances, President Obama, Federal Reserve chair Ben Bernanke,[35][36] Federal Deposit Insurance Corporation chair Sheila Bair[37][38] and Treasury Secretary Tim Geithner[39] rolled out the details of numerous plans to tackle various elements of the economy, and began putting those plans into action. Mortgage rates for homeowners dropped, limits on executive compensation were enacted, regulatory changes were proposed, and the Treasury announced its intention to purchase $1 trillion of troubled bank assets, such as the aforementioned derivatives, and enticing private investors to join them in making similar investments.[40]

Surely last week this foundering nation finally reached Peak Social Justice Warrior Bullshit with The New York Times hiring of genocide-for-white-people advocate Sarah Jeong, 30, as an op-ed writer on tech matters. Apparently, one angle of the tech world Sarah Jeong overlooked was the mile-wide Twitter trail of messages she left over the past ten years declaring that white people should be “canceled out,” “made to live underground like groveling goblins,” or this pungent one from the Reinhard Heydrich playbook: “Oh man it’s kind of sick how much joy I get out of being cruel to old white men.” Read More


Very few Americans have any significant savings today. Most live on credit and those with savings have it stored in financial instruments that will be wiped out as the bankers collapse the system to hide the theft they have been involved in for decades. Those who think they will retire with their IRA, pensions or social security will find them all gone never to return leaving them with no means to care for themselves. Read More

The trade war has barely just begun, and yet significant ripple effects are already being felt all across the U.S. economy.  Once thriving businesses are on the verge of failure, workers are being laid off, and some sectors of the economy are witnessing enormous price hikes.  Right now the mainstream media is absolutely fixated on the drama surrounding the recently concluded Trump-Putin summit meeting, but the consequences of this trade war will ultimately be far more important for the lives of most ordinary Americans.  As more tariffs continue to be implemented, this will perhaps be the biggest disruption to the global economic system that we have seen in decades.  Perhaps you have not been affected personally yet, but for many Americans this trade war has changed everything.  For example, just consider the plight of soybean farmer Tim Bardole… Read More


In closing, EvG says, “. . . At some point, all hell will break loose. There is no question about it. It could be something very serious coming this autumn. The whole political system is fighting against Trump, and that is going to be tough, very tough. . . . The markets are giving me the signal that things are going to turn in the autumn, and you can easily find a number of catalysts for this to happen.” Read More

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Per the latest COT report (note: this references the August 21st COT Report), the hedge fund (Managed Money) net short position in Comex paper gold was 90,000 contracts – by far a record short position for the hedge fund trader category. Conversely, the bank net long position (Swap Dealers) in Comex paper gold was close to an all-time high. It’s not quite as high it was in December 2015.
Justice Anthony Kennedy’s retirement, leading to President Donald Trump’s nomination of Brett Kavanaugh to the Supreme Court, has thrown progressives, the Democratic Party and the news media into an out-and-out tizzy. The online magazine Slate declared, “Anthony Kennedy Just Destroyed His Legacy as a Gay Rights Hero.” The New York Times’ editorial board said about a second Trump court appointment, “It is a dark moment in the history of the court and the nation, and it’s about to get a lot darker.”
As a savvy investor, you should be especially wary of inappropriate holdover patterns from the long Bull Market. Perhaps you sense that it may be time to take back control of your finances, in the same way legendary hedge fund manager, George Soros, came out of retirement to rescue his own fortune. Like him, you will be able to sleep soundly, knowing your living standards are secure. 
The second important institutional change is the growth in the mutual fund industry since the mid-1980s, which resulted from the changes in the retirement plans as well as from the individual small investor’s demand for an inexpensive means of acquiring a diversified investment in the capital markets. Households’ investment in stock and bond mutual funds (not including those held indirectly through pension funds) grew from about 1% of total financial assets in 1984 to 9% in 2002. To be sure, with the increased prominence of pension funds and stock and bond mutual funds, direct holdings of stocks and bonds as a share of financial assets has declined from about 37% in 1960 to 22% in 2002. Nevertheless, the potential cost advantage and portfolio diversification available through financial intermediaries facilitates household investment in stocks and bonds. Therefore, the availability of pension and mutual funds should tend to work in consort with the underlying economic fundamentals affecting households’ demand for stocks going forward.
Is the U.S. Government hiding a massive gold deposit in the Chocolate Mountains in California?  Well, according to a few top-notch conspiracy theorists, the U.S. Congress passed the Desert Wilderness Protection Act that has cordoned off this vast gold discovery from the public.  Unfortunately, we may never know if this mammoth gold deposit exists due to the clandestine nature of our government… or will we? Read More
Long term, total returns come from 3 places: changes to mcap to gdp ratio, gdp growth rates (including inflation), and dividend yields. Assuming GDP grows at 2.5% a year, inflation comes in a 2% a year, and dividends stay at 2% (any dividend growth comes from GDP growth, no double counting allowed), it would take 8 years of flat market growth (ie stocks be goin nowhere) for the GDP ratio (also known as the “Buffet Indicator”) to return to normal. How likely is that, when a much easier path would be for an immediate 40% drop and some slow growth after that?
Would a market crash surprise me? No. Would a reversal to the upside surprise me? A little. But in this era, we need to be prepared for anything, because nothing is as it should be. The most important things to remember are that if you are healthy and somebody loves you, you've already won. These things pass. Maybe not quickly. But they always pass.
Very timely, thanks. And trust Monevator to have warned of this ages ago. I too have a friend who buys these but as day trades (naughty, I know). But when we met up in the pub the other night after work he seemed very pleased with himself and his returns, though he sticks to bank stocks (I know..) Having said that, bank stocks for the next 6-12 months seem quite the trend amongst bankers now, at least in the States..

Mr. Grant’s television appearances include “60 Minutes,” “The Charlie Rose Show,” “CBS Evening News,” and a 10-year stint on “Wall Street Week”. His journalism has appeared in a variety of periodicals, including the Financial Times, The Wall Street Journal and Foreign Affairs. He contributed an essay to the Sixth Edition of Graham and Dodd’s Security Analysis (McGraw-Hill, 2009).
A more intelligent approach is to have assets like U.S. Treasuries during a bear market for U.S. equities.  Some short positions in the most popular funds are more aggressive and also will usually be profitable.  In the first year of a bear market for U.S. equities, commodity producers and emerging markets often outperform as they have already been doing since January 20, 2016 and which will likely continue through some point in 2018.
RATE AND REVIEW this podcast wherever you listen.https://itunes.apple.com/us/podcast/the-peter-schiff-show-podcast/id404963432?mt=2&ls=1Turkey's Current Account DeficitThe "Turkey baste" continued on Monday, although Tuesday we did have a bit of a reversal, Tuesday bounce in the lira, rising about 7 percent or so, in today's trading. But still, ...…

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Warren Buffett’s favorite indicator is telling us that stocks are more overvalued right now than they have ever been before in American history.  That doesn’t mean that a stock market crash is imminent.  In fact, this indicator has been in the “danger zone” for quite some time.  But what it does tell us is that stock valuations are more bloated than we have ever seen and that a stock market crash would make perfect sense.  So precisely what is the “Buffett Indicator”?  Well, it is actually very simple to calculate.  You just take the total market value of all stocks and divide it by the gross domestic product. Read More
“We’re not overly worried about this being the early legs of a large-scale market correction in conjunction with a recession,” Joe Mallen, chief investment officer at Helios Quantitative Research, said Wednesday. “I don’t see anything so dire from an economic data perspective that will create a 20% plus drawdown. I think this is very technical in nature.”
Some nasty dark clouds are forming on the financial horizon as total world debt is increasing nearly three times as fast as total global wealth.   But, that’s okay because no one cares about the debt, only the assets matter nowadays.  You see, as long as debts are someone else’s problem, we can add as much debt as we like… or so the market believes.
So when the sky really starts to fall, smart places for serious money could be a simple money market (cash equivalent).  You won't make much, but at least you won't lose anything either!  Think of it like a lightning storm over a football field where your investments are the players on the field.  Sometimes it's best to put your team in the locker room so no one gets hit by lightning!
Surely last week this foundering nation finally reached Peak Social Justice Warrior Bullshit with The New York Times hiring of genocide-for-white-people advocate Sarah Jeong, 30, as an op-ed writer on tech matters. Apparently, one angle of the tech world Sarah Jeong overlooked was the mile-wide Twitter trail of messages she left over the past ten years declaring that white people should be “canceled out,” “made to live underground like groveling goblins,” or this pungent one from the Reinhard Heydrich playbook: “Oh man it’s kind of sick how much joy I get out of being cruel to old white men.” Read More
The “curse of the seventh year” refers to how, in recent decades, Octobers in years ending with seven (1987, 1997, and 2007) have been negative for markets. The pre-financial crisis bull market ended this month 10 years ago, while the Dow dropped more than 12% over October 1997. “Black Monday,” which still stands as the biggest single-day percentage decline on record, occurred in October 1987.

The United States is effectively bankrupt, but that doesn’t matter to the GOP. Once evangelists of fiscal responsibility and scourges of deficit spending, Republicans today glory in spilling red ink. The national debt is now $20.6 trillion, greater than the annual GDP of about $19.5 trillion. Alas, with Republicans at the helm, deficits are set to continue racing upwards, apparently without end. Read More

Avoiding such a drop would actually mean a break with a loose historical trend where Wall Street suffers “a nasty second-half setback during each of the last 13 years ending in ‘7,’” he wrote in a report. “We think it’s likely stocks will close 2017 at higher levels; therefore any intervening ’Unlucky Sevens’ pattern weakness would need to materialize fairly quickly.”
I have had an interesting life, in the course of my retirement from business; my retirement happened somewhat by chance, in the year 1988; one Friday evening I presided a meeting of a group directors of Elektra, a Mexican company the property of my father and myself. We had had some 500 of these meetings in past years; they took place every two weeks. My son Richard was present, having been with the company since 1980. (He had arrived in 1980 from Dallas, Texas, looking for a post at Elektra, after being fired from his job  – he had called his supervisor a fool, if not something worse. He was probably right in his judgment of his superior officer’s decisions, but of course saying what you think is not the best way to get along in business). Read More
@PC — I love that people keep putting “my friend” in ironic quotes… 😉 What is more incredible/unbelievable — that someone who has written an investment blog for eight years suddenly buys a short ETF without knowing how it works and then compounds his embarrassment by writing a blog about it and THEN republishes it a few years later to relive his embarrassment, or a person who writes an investment blog for 8 years actually *having* a friend? 🙂
"Bring on the Trade War!"Today is Jobs Friday, but before I get to the jobs report, I want to talk a little bit about the escalation of the trade war, In fact, some stories I'm reading are that the trade war began today, or last night. A lot of the tariffs are finally being imposed. The market reacted positively; the Dow was up 100 points today ...…
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25.32% per year. These returns cover a period from January 1, 1988 through November 5, 2018. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
In 2005, Congressman Ron Paul (R-Texas) said section 404 of the Sarbanes-Oxley Act (2002) which requires chief executive officers to certify the accuracy of financial statements caused capital flight away from the U.S. stock market.[18] Later in 2008, Paul said that the government bailouts of badly run corporations was rewarding bad behavior and punishing good behavior, and that it prevented resources from being allocated away from inefficient uses to more productive uses, and that this lowered the overall amount of wealth across the entire economy.[19]
I recently ran across a terrific chart in Grant’s Interest Rate Observer that got me thinking about Hyman Minsky and The Financial Instability Hypothesis. After remaining relatively unknown during the course of his lifetime, Minsky really came to fame in the immediate aftermath of the financial crisis as his hypothesis helped to explain what left most economists baffled: the fundamental cause of the crisis. Clearly, though, he has been forgotten just as quickly because, considering where we stand today, it’s obvious the economists with the greatest power to prevent another crisis have still not adopted his insights into their frameworks. Read More
That concludes the fifth and final installment in this series. I hope you have enjoyed reading my insights into these “big ideas” as much as I have enjoyed writing them. Although it’s over, I do have something special to send you in the coming days. It’s a personal video message that I just finished recording. Think of it as a stepping stone to taking these “big ideas” to the next level. I’ll tell you more about it in my series recap email, tomorrow.
Even though the gold price increased in 2018, the top gold miners production declined while costs continue to escalate. Output at three of the top gold miners in the world fell in the first half of 2018 compared to the same period last year.  With rising costs due to higher energy prices, on top of decreasing production, the top gold miners free cash flow declined precipitously in 2018.

So what are the prospects for another rally in bonds?  In our view, it is not a rosy picture.  For the first time in a very long time the fundamentals and technicals of investing in bonds have become aligned.  The global economy has transitioned into a period of synchronised growth, spare capacity is being used up and unemployment is close to the lows seen for many years.  All that suggests inflation risks are on the upside.  Deflation risks are waning and sooner or later this will need to be priced into bond prices. On the technical side, central banks are now winding down their quantitative easing programmes.  This means that Governments will have to finance their deficits from private investors rather than relying on central banks.  The increase in supply of bonds on a global scale to institutional investors runs into trillions of US Dollars over the next few years, made worse by the fact that Governments are now relaxing their fiscal straightjackets, imposed after the financial crisis.
I have tried to explain this concept many times before but never had a chart to do it with. Please note the start date of the chart is 1971, this is not by any coincidence as that was the year the U.S. dollar became fully fiat and backed by nothing but “faith”. Before getting started, it is important to understand what August 15, 1971 really meant and why Nixon took us off the gold standard. The obvious is because with France and other nations demanding conversion of dollars into our gold, it would have only been a few short years before our stockpile was completely depleted. Read More
Every college publication on the market states your university meets about 95% of its student’s need, and we have seen award letters sent to high school seniors in our area substantiating this number. We would like to request that Anywhere University reward Heath, a current student with a 3.4 GPA, an award package equal to, or better than, an incoming freshman. It will be financially difficult for us to continue to send Heath to Anywhere University without an increase in financial aid.
Jeffrey thinks that we are headed into a much tougher environment because “the Central Bank balance sheets will stop growing at the beginning of 2018, [and] the liquidity that’s helped drive the market is going to reverse. That is not favorable for risk markets.” As such, Jeffrey and his team at DoubleLine have been de-risking their portfolios and have cautioned investors to do the same.

Water in faults vaporizes during an earthquake, depositing gold, according to a model published in the March 17 issue of the journal Nature Geoscience. The model provides a quantitative mechanism for the link between gold and quartz seen in many of the world's gold deposits, said Dion Weatherley, a geophysicist at the University of Queensland in Australia and lead author of the study. Read More
If there doesn't seem to be many viable investments in uptrends, other options for more growth-oriented investors might include inverse Exchange Traded Funds (ETFs).  The way these generally work is, when you invest in them and the market in question is declining, they actually make money.  Now, you'd rarely make +10% if the market is down -10% becuase there are fees and other complicated variables in these funds.
The benchmark Shanghai composite closed officially in bear market — referring to a decline of at least 20 percent from recent highs — on Tuesday. The smaller Shenzhen composite moved into bear market territory in February this year. The Shanghai and Shenzhen composites were down around 22 percent and 26 percent, respectively, from their 52-week highs, as of Asia afternoon trade on Wednesday.
But when markets crash, what many investors don't know is that almost everything crashes.  The whole point of "diversification" is to buy different types of investments that DO NOT correlate with one another.  If one investment has a correlation coefficient of zero, that means that it doesn't correlate at all with U.S. Stocks.  If the coefficient is equivalent to -1.0, then it's negatively correlated, meaning that, when stocks fall, the investment in question goes up.  
As longtime readers know, my work aims to 1) explain why the status quo -- the socio-economic-political system we inhabit -- is unsustainable, divisive, and doomed to collapse under its own weight and 2) sketch out an alternative Mode of Production/way of living that is sustainable, consumes far less resources while providing for the needs of the human populace -- not just for our material daily bread but for positive social roles, purpose, hope, meaning and opportunity, needs that are by and large ignored or marginalized in the current system. Read More
Dennis Slothower has been leading a small but profitable group of investors to some extraordinary profits in both good markets and bad over the course of a 38+ year investment career, starting as a stock broker in 1979. In 2011 Dennis was named the top performer by Hulbert Financial Digest for avoiding the Crash of 2008. Now, he is bringing his extensive experience to the public through Outsider Club, Stealth Stocks Daily Alert, and Wall Street's Underground Profits. For more about Dennis, check out his editor page.

Mr. Grant, a former Navy gunner’s mate, is a Phi Beta Kappa alumnus of Indiana University. He earned a master’s degree in international relations from Columbia University and began his career in journalism in 1972, at the Baltimore Sun. He joined the staff of Barron’s in 1975 where he originated the “Current Yield” column. He is a trustee of the New York Historical Society. He and his wife, Patricia Kavanagh M.D., live in Brooklyn. They are the parents of four grown children.

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