So many of the exact same patterns that we witnessed just before the stock market crash of 2008 are playing out once again right before our eyes. Most of the time, a stock market crash doesn’t just come out of
November 11, 2015
How Did the Sock Market Do Today? Dow Jones: 17,702.22; -55.99; -0.32% S&P 500: 2,075.00; -6.72; -0.32% Nasdaq: 5,067.02; -16.23; -0.32% The Dow Jones Industrial Average today (Wednesday) dipped 55 points as investors kept a tight eye on shares of brick-and-mortar retailers after
One of our members, Ray, sent this chart to me this morning, I think it is telling: Baltic Freight, Crude Oil, and Iron Ore hammered…. SOURCE: WALL STREET EXAMINER If equities finally succumb to this low-growth pressure, i.e. slow top-line flows
The gold standard is silly. No one should be in favor of going back to it. Here’s why: The Gold standard does not create “Sound Money” policy. One of the biggest myths about the Gold Standard is that it will create
The ‘buy-the-pullback’ of yesterday was thrown into a bit of doubt as sellers made some early inroads into those gains. The bullish ‘hammer’ in the S&P which had marked support at the 200-day MA for a second day is under
This Crestmont Research chart illustrates some surprising historical truth about the US economy and stock prices. They have little correlation. You might even conclude they have negative correlation (if you look at periods of falling and rising GDP). Economic growth is not the
Washington’s capacity to foster crony capitalist larceny and corruption never ceases to amaze. But according to the Bloomberg story below, Wall Street’s shameless thievery from US taxpayers is about to get a whole new definition. To wit, Freddie Mac (FMCC) is handing three private equity billionaires deeply subsidized debt
The Chart of the Day belongs to Kite Pharma Inc. (NASDAQ:KITE). I found the biopharmaceutical stock by using Barchart to sort the Russell 3000 Index stocks first for a Weighted Alpha of 50.00+ or more, then for technical buy signals of 80% or better, then again
‘The wind in the wires made a tattle-tale sound When the wave broke over the railing And every man knew, as the captain did too ‘Twas the witch of November come stealin.’ Gordon Lightfoot, The Wreck of the Edmund Fitzgerald This
Yesterday’s modest gain after a four-day selloff lacked staying power today. The S&P 500, Dow and NASDAQ all three closed the day with -032% losses. The 500 rose briefly at the open, as futures predicted, and then sold off to
