April 26 (Bloomberg) — Aegis Capital CIO Stanley Crouch and The Philadelphia Trust Company President and CEO Mike Crofton discuss the economy, stocks and bonds with Pimm Fox on Bloomberg Television’s “Taking Stock.” (Source: Bloomberg)
RED ALERT: BOND MARKET CRASH DEAD AHEAD!
WATCH OUT! Up ~ 30bp for the 10 year!
Bill Gross said the three-decade bull run in bonds ended last week when the 10-year Treasury yield hit 1.67%, in his latest attempt [...]
No Volume, No Problem
Margin debt and the next stock market crash
The latest fear on Wall Street is that record levels of margin debt may end up toppling the stock market rally. NYSE margin debt recently reached its highest level since 2007 before the last major stock market peak and credit crash. Stephen Suttmeier, technical research analyst at Bank of America, noted that margin debt, rose 28% in March from a [...]
3 Things Investors Are Telling Themselves To Explain The Divergence Between Stocks And The Economy
“Four months into the year, we are confronted by two indisputable facts,” says BofA Merrill Lynch rates guru David Woo. “One, U.S. data is weak. Two, markets are no longer troubled by weak U.S. data.”
The question Woo poses in his latest note to clients is simple: “Does anyone still care about weak data?”
Woo says no, citing three things clients [...]
The next major wave of the economic collapse is rapidly approaching and time is running out!!!
Margin debt hitting levels only seen ONE other time in history!
Some times in history, investors feel so confident about the future of stocks, they actually use up all their available cash and then borrow money to invest in the stock market. Now is one of those times!!!
The chart below was created by Doug Short, see his outstanding work here.
Is the United States about to experience another major economic downturn? Unfortunately, the pattern that is emerging right now is exactly the kind of pattern that you would expect to see just before a major stock market crash and a deep recession. History tells us that when the price of gold crashes, a recession almost always follows. History also tells us that when the price of oil crashes, a recession [...]
We May Be Witnessing Inflections In The Economy And The Markets Right Now
In recent years, we’ve seen the economy slow and the stock market turn during the spring.
Economic reports are piling up to suggest the U.S. economy is heading for yet another spring slowdown.
This week will be loaded with more economic reports and a wave of earnings announcements. Companies like General Electric, Bank of America, McDonald’s, Google, and Johnson & Johnson will publish [...]
The stock market is not crashing yet, but there are lots of other market crashes happening in the financial world right now. Just like we saw back in 2008, it is taking stocks a little bit of extra time to catch up with economic reality. But almost everywhere else you look, there are signs that a financial avalanche has begun. Bitcoins are crashing, gold and silver are plunging, the [...]
Controversial Interview Exposes 5 Signs Stocks Will Collapse in 2013
“After putting $803,436 in Obama’s re-election campaign, a media giant attempted to keep Americans from seeing the video by banning it from their sites,” stated Aaron DeHoog, the financial publisher who is unapologetic for the release of controversial footage that has gained international attention.
The video DeHoog is referring to is a stunning interview with famed economist Robert Wiedemer, author of the [...]
The Cyprus stock market once had a good run.
Opened in 1996, it reached as high as 5,500 points in Fall 2007. That was just before the country entered the Eurozone.
But right now the Cyprus market is closed indefinitely as a result of the country’s financial meltdown.
And as soon as it reopens, it will restart one of the greatest wipeouts in market history, as TD Securities’ Richard Gilhooly notes in an email sent [...]
By Paul B. Farrell, MarketWatch
How much will you lose this time around? Four years ago, on March 30, 2009, our column headline announced:“6 reasons I’m calling a bottom and a new bull.”
The Dow fell from 14,164. Hit bottom at 6,547. And Wall Street lost over $10 trillion of America’s retirement market cap. You lost lots. But it’s back up more than 100% since. We forget.
Time for another crash? [...]
A triple storey penthouse on top of one of New York’s best hotels is due to break the record books by going on sale for an eye-watering $120million.
The 12,000 square foot penthouse on the top three floors of the luxury Pierre hotel is predicted to sell for up to $120million which would make it New York’s most expensive piece of real estate and one of the country’s most expensive homes.
Report shows gasoline prices could be approaching the “danger zone”
… Watching the Daytona 500 from the “danger zone,” where cars whip by at high speeds of around 175 mph to 200 mph — but can also burst through the walls in a crash — can be a thrill.
But gasoline’s “danger zone” may be just plain scary.
At $3.75, retail gasoline prices are nearly back in the “danger zone” marked by [...]
It was a quiet day to kick off a quiet week.
First the scoreboard:
Dow: 13,971, -21.7, -0.1 percent
S&P 500: 1,517, -0.9, -0.0 percent
NASDAQ: 3,192, -1.8, -0.0 percent
And now the top stories:
There was no major economic reports or earnings announcements today. Furthermore, much of Asia has been closed in observation of the Lunar New Year.
Speaking of New Years’, it’s now the year of the snake. UBS’s Art Cashin pointed out this morning that years of [...]
Is the financial system of Europe on the verge of a meltdown? I have always maintained that the next wave of the economic crisis would begin in Europe, and right now the situation in Europe is unraveling at a frightening pace. On Monday, European stocks had their worst day in over six months, and over the past four days we have seen the EUR/USD decline by the most that it has in [...]
Next Stop for the US Economy: Train Wreck!
by Bill Bonner, Daily Reckoning.com.au:
‘US economy slips into reverse,’ was the headline in the Financial Times.
The US economy didn’t move ahead in the last quarter of 2012. Instead, it started backing up at a 0.1% annual rate, to be precise.
That didn’t seem to bother anyone. They hardly noticed; and they didn’t seem to care what direction it was actually going. The Dow slid a little, but not much.
In the bar [...]
Are we witnessing the start of a historic financial meltdown in Europe? In recent days, two massive corruption scandals have greatly shaken confidence in European financial markets. The first involves Spanish Prime Minister Mariano Rajoy. It is being alleged that he has been receiving illegal cash payments, and the calls for his resignation grow louder with each passing day. The second is a derivatives scandal at the third largest bank [...]
SHOCK: U.S. ECONOMY SHRINKS As DOW Is Flirting 14000.
GDP Shows Surprise Drop for U.S. in Fourth Quarter
The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.
The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer [...]
As stocks have risen in recent years, the big hedge funds and the “too big to fail” banks have used borrowed money to make absolutely enormous profits. But when you use debt to potentially multiply your profits, you also create the possibility that your losses will be multiplied if the markets turn against you. When the next stock market crash happens, and the gigantic pyramid of risk, debt and leverage [...]
There are a few men who have tried their best to warn America about the economy and the recession we just went through and Mainstream Media laughed at them, Mainstream Media is covering up our economic woes yet again.
Now the same men that Mainstream Media laughed at the last 12 years are speaking out once more. Ignore them are you own peril.
Warnings That A Massive Stock Market Crash Is Imminent
US November Trade Deficit Soars To $48.7 Billion, Downward Q1 GDP Revisions Imminent
So much for the US trade renaissance. After posting a better than expected October trade deficit of ($42.1) billion, November saw the net importer that is the US revert to its old ways, with a massive deficit of some $48.7 billion - the worst number since April, far more than the $41.3 billion in expectations, which makes it the biggest [...]
DJIA INDEX -204
S&P 500 -23.30
NASDAQ 100 -43.50
No, really, there is a big, huge, massive rotation out of those dangerous, inflationary bonds into safe, predictable equities…
Boehner’s Plan B Is In Serious Trouble, And Republicans Are Holding An Emergency Meeting
House Speaker John Boehner‘s “Plan B” bill was shelved temporarily tonight after he failed to get enough Republicans to support the measure, in what was a rather embarrassing setback for the Ohio Republican.
Boehner said in a statement [...]
Stock exchange analyst predicts earthquakes for ‘Mayan Apocalypse’ day
IN RECENT MONTHS, Art Cashin – director of floor operations for UBS at the New York Stock Exchange – has been warning about increased earthquake activity driven by peculiar planetary and solar angles.
It might not sound like it should be part of his job, but spotting trends, patterns and predicting events which might have an impact on trade markets, is of course part of [...]
IMF Chief Christine Lagarde Warns U.S. of Worldwide Effects of Fiscal Cliff
International Monetary Fund chief Christine Lagarde has warned the US it has the potential to be its “own worst enemy” over the fragile economic recovery and that failure to reach a comprehensive settlement over the fiscal cliff could see growth plummet to zero.
In forthright comments over the impending fiscal cliff, the IMF managing director said that “if the US [...]
Controversial Interview Exposes 5 Signs Stocks Will Collapse in 2013
from Money News:
Wiedemer, best known for correctly predicting the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States during the “Great Recession”, provides disturbing evidence in the video interview for 50 percent unemployment, a 90 percent stock market crash, and 100 percent annual inflation . . . starting as soon as 2013.
When the [...]
Is The Largest Weekly Inflow Into Bank Savings Accounts On Record, A Flashing Red Alarm?
When one thinks of America, the word “savings” is likely the last thing to come into a person’s head, for the simple reason that the vast majority of Americans don’t save: recall that in September the personal savings rate dipped to 3.3%, the lowest since 2009 save for one month.
On the surface this makes sense: the average US [...]
Many of you have heard this clip before. For those of you who have not, buckle up. Audio of a S&P 500 trader quoting the action that was taking place in the futures pit in Chicago at the CME. The market lost nearly $1 trillion within minutes and then recovered most of the losses. The DJIA and S&P 500 futures fell 10% intra-day.
S&P 500 Futures Pit on May 6, 2010. Start [...]
Wonder why markets keep going lower?
Is there wiggle room in fiscal cliff negotiations?
Both sides of the aisle have taken hardline stance on higher tax rates for wealthy Americans. So, is there any wiggle room in the negotiations to avoid the fiscal cliff? Wyatt Andrews reports.
Boehner: Obama “has to lead” on taxes, immigration
Bruce Krasting: President Obama Has Drawn A Dangerous Line In The Sand
So both Boehner and Obama have done their post election [...]
Stock Market Crash Next Week?
TRADER ALERT: S&P Is Now Right On Its 200-Day Moving Average
The Stock Market Is Tumbling Again, And It’s Right On The Infamous 200-Day Moving Average
Alert! The stock market is falling.
And the S&P is now right on its 200-day moving average (the red line in this chart) which some people see as an important “support” level.
If we break through it, some people might freak out.
From Stockcharts.com >
Cycle work suggests [...]