How Long Can Central Banks Keep This Rally Going? Global Financial Stress Is Starting To Grow, U.S. Consumer Confidence Plunges As New Home Sales, Richmond Fed Miss, BRIC ( Brazil, Russia, India & China) and Emerging Markets Are Close To Or Are Breaking Key Support Lines!

Global Financial Stress Is Starting To Grow, And That’s Bad News For Stocks

Global financial stress, a coincident indicator for global stock prices, is flaring up again in the wake of the crisis in Cyprus.

The blue line on the chart below shows BofA Merrill Lynch‘s Global Financial Stress Index turned upside down to illustrate how it correlates with global equities, proxied by the MSCI All Country World Index (the red line).

While global equities have [...]

One of the world’s best-known bearish analysts just made a surprising bullish call… Says this is a “once in a lifetime opportunity” to buy…

From Newsmax:

Albert Edwards, known as an unrelenting market bear, has reversed course and is now bullish on European stocks – but mostly for investors with binoculars aimed at the far horizon.

Edwards, the chief global strategist for Societe Generale who the Financial Times described as “the most dogged ‘bear’ in the City of London,” created waves with his remarks at the bank’s annual strategy conference.

Edwards said European stocks are “unambiguously cheap” [...]

A storm is coming, global stock sell-off could last until November

The Federal Reserve’s own data show the economy could now be slowing dramatically

In its State Coincident Indexes report, the Federal Reserve Bank of Philadelphia publishes gauges, calculated from four state-level indicators, that summarize current economic conditions in each of the 50 states.

The Philly Fed also produces one- and three-month diffusion indexes derived from aggregate changes in the state-level indexes that offer a read on what is happening in the U.S. [...]

“The next big financial crisis we will face will not come from Europe”, Charles Biderman of TrimTabs notes, “but rather from China.”

Biderman On Bad Data And China’s Recession

“The next big financial crisis we will face will not come from Europe”, Charles Biderman of TrimTabs notes, “but rather from China.” In a brief but thought-provoking clip, Charles takes on the corruption in the ‘manufactured’ GDP data and outlines three more critical real-time (hard-to-fake) data points (electricity consumption, railcar-loadings, and bank-loans) that suggest China is potentially already in a recession. “Most investors do not even think [...]

Warrent Buffett: Worst Mistake an Investor Can Make is to Buy or Sell Stocks Based on One Day’s Headlines

Warren Buffett says that Berkshire Hathawayis buying shares in two U.S. companies and will continue to buy them today, especially if they become cheaper in today’s global stock sell-off.  As usual, he’s not naming those stocks, but does say they are names that are already in the Berkshire portfolio.

Buffett is live with CNBC’s Becky Quick at the Hollywood Diner in Carter Lake, Iowa, just outside Omaha, for all three hours [...]

The Most Important and Extraordinary Chart for 2012: James Turk

kingworldnews.com

With continued volatility in global stock and commodities markets, today King World News interviewed James Turk out of Europe.  Turk exclusively sent KWN what he calls “the most important and extraordinary chart for 2012.”  But first, here is what Turk had to say about the action in gold and silver, and what investors should expect going forward:  “The spring is already coiled, Eric, but it is being wound tighter and tighter [...]

Gold guru Turk: This could be the “most important and extraordinary chart” of 2012

From King World News:

With continued volatility in global stock and commodities markets, today King World News interviewed James Turk out of Europe. Turk exclusively sent KWN what he calls “the most important and extraordinary chart for 2012.”

But first, here is what Turk had to say about the action in gold and silver, and what investors should expect going forward:

“The spring is already coiled, Eric, but it is being wound tighter [...]

Robert Prechter: Signs Of An Impending Credit Implosion

Prechter sees the Stock Market in the process of topping

GUEST EXPERT  03/22/2012

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James J Puplava CFP with Robert Prechter

Jim is joined this week on Financial Sense Newshour by Robert Prechter, President ofElliott Wave International. Robert sees signs of a potential credit implosion, with borrowing and spending contractions in many foreign countries, as well as in US states and municipalities. He believes that the commercial bank “lending machine” is out of order, and the investment bank “leveraging [...]

Did Interactive Brokers’ CEO Commit Insider Trading By Buying 8 Million Shares Of MF Global Ahead Of Its Bankruptcy?

by ZH

While certainly very much ironic, considering that his purchase is now completely worthless, the news that Interactive Brokers’ CEO Thomas Peterffy, who up until the 11th hour was expected to be the buyer of the now liquidating exchange only to unwind the deal upon discovery of hundreds of millions in missing commingled funds, bought 8 million shares of MF Global stock for his own account is certain to raise many [...]

Dollar Tumbles on Fed Pledge; Swiss Franc Soars Most Since 1971

The dollar tumbled the most in at least 40 years against the Swiss franc after the Federal Reserve pledged to keep its key interest rate at a record low at least through mid-2013 to revive the flagging economic recovery.

The greenback declined versus the majority of its most- traded peers as the Fed said growth was “considerably slower” than it expected and it’s prepared to use a range of policy tools [...]

Dollar Tumbles on Fed’s Rate Pledge; Swiss Franc Soars the Most Since 1971

The dollar tumbled the most in at least 40 years against the Swiss franc after the Federal Reserve pledged to keep its key interest rate at a record low at least through mid-2013 to revive the flagging economic recovery.

The greenback declined versus the majority of its most- traded peers as the Fed said growth was “considerably slower” than it expected and it’s prepared to use a range of [...]

Marc Faber talks about a third round of quantitative easing from the Fed, his investment strategy and the outlook for commodity markets.

Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for a third round of quantitative easing from the Federal Reserve, his investment strategy and the outlook for global stock and commodity markets.

00:00 Printing money is “big error” by governments.

02:00 Fed’s quantitative easing; economic recovery

04:27 Correlation between equities and commodities

06:17 Emerging markets growth, Mexico’s economy

10:14 Need for U.S. to “sacrifice”

12:04 “A market is [...]