Carlin: Wall Street Owns Washington

Most Hated Bull Market Ever? The Biggest Gainers Share: Low Price-To-Earnings Ratios, Zero Dividend Yields, High Short Interest And Lowest Analyst Ratings… No Matter The Statistics, Investors Remain Far From Giddy About The Current Market Environment

Most Hated Bull Market Ever? Maybe It Should Be

If this is the most-hated bull market ever, as has been suggested, maybe there’s good reason for it.

While the rally this year looks good on paper—as any 15 percent S&P 500 gain by early July would—it has come on the backs of some of the ugliest internals you could imagine.

Just look at the qualities the biggest gainers share: Low price-to-earnings ratios, zero […]

Tax on dividends set to jump from 15% to 43.4%!

By JACK HOUGH

Apple (AAPL: 606.98, 10.93, 1.83%)’s dividend announcement this past week is good news for income investors, but bad news might be lurking around the corner.

Unless Congress takes action, the top tax rate for the highest earners on most dividends, currently 15%, is set to jump to a whopping 43.4% next year. That is a maximum income-tax rate of 39.6% — since dividends will once again be taxed as regular income — plus a 3.8% […]

Bloomberg: Gross says U.S., Europe face recession

Chris Fournier, On Tuesday August 30, 2011, 8:58 am EDT

The global economic crisis is leading to a possible “developed economy” recession in the U.S. and Europe, which may be hard to alleviate, according to Pacific Investment Management Co.’s Bill Gross.

In this environment, the world’s biggest manager of bond funds favors investing in Australia, Mexico, Brazil and Canada, along with non-dollar currencies that have strong ties to the Asian continent, Gross, […]

Our Whole Financial System Is An Illusion

‘The Matterhorn Interview’ – July 2011

The book author, financial commentator and entrepreneur Mike Maloney talks in this exclusive interview with Lars Schall for Matterhorn Asset Management in Zurich, Switzerland about: inflation/deflation, the flaws of the current monetary system, the upcoming rollercoaster ride in crude oil, and the biggest bull market in gold and silver ever.

By Lars Schall

Mr. Maloney, is a massive financial/economic storm ahead for us […]

Here’s the #1 reason not to own stocks right now: The values

Richard Russell’s latest letter is something that most investors can probably sympathize with to some degree.  While it’s clear that the equity markets are in the midst of a bull market, it’s less clear whether now is still a good time to be buying.  Russell, while acknowledging that this is certainly a bull market, prefers not to be overweight equities for one single reason – […]

PANIC: ‘WE ARE ON THE VERGE OF A GREAT, GREAT DEPRESSION’

“What we’ve got right now is almost near panic going on with money managers and people who are responsible for money,” he said. “They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.

“We need to find […]

Marc Faber’s March Outlook: Falling Stocks, Wicked Inflation, and Middle East Turmoil

Marc Faber is out with his latest issue of the Gloom, Boom and Doom Report, which is always a must read for serious investors. This month’s report covers his outlook for the stock market, gold, oil, and the future for the US and global economy. Here are some of the highlights:

1. Stock Market–Still bearish in the short-term. Faber cautions against being bearish longer-term as long as […]

Ten reasons to be cautious for the 2011 market outlook:

by David Rosenberg

1. In Barron’s look-ahead piece, not one strategist sees the prospect for a market decline. This is called group-think. Moreover, the percentage of brokerage house analysts and economists to raise their 2011 GDP forecasts has risen substantially. Out of 49 economists surveyed, 35 say the U.S. economy will outperform the already upwardly revised GDP forecasts, only 14 say we will underperform. This is […]

Gary Shilling predicted 2008 meltdown and 2010 double dip

Shilling is definitely worth listening to. He predicted 2008 meltdown. Consider these forecasts Shilling put out at the beginning of 2008:

* 1. Sell or sell short homebuilder stocks and bonds.
* 2. If you plan to sell your home, do so yesterday.
* 3. Sell short subprime mortgages.
* 4. Sell or sell short housing-related stocks.
* 5. Sell or sell short consumer discretionary spending companies.
* 6. Sell low-grade fixed-income securities.
* 7. Sell or […]

On the basis of one time honored metric that I rarely see discussed, the market is extremely over valued.

The dividend yield (which can’t be faked like profits) is in an historically extremely low range at just under 2%.

The lowest recorded yield was — guess when — the beginning of the new century when it was barely over 1% (along with the highest PE in history at about 44.

Since then, as the markets sold off, rallied, sold off again, and now rallied somewhat again to the level of stock […]