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Tag Archives: stock market
Grinding In Harms’ Way——The Fed’s Sick Wall Street Puppies Will Self-Destruct
Grinding In Harms’ Way——The Fed’s Sick Wall Street Puppies Will Self-Destruct Whatever is going on in the daily stock market, you can’t call it “price discovery” or even remotely rational. In fact, it amounts to grinding in harms’ way, and measures the degree to which the Fed and other central banks have turned the Wall […]
One Chart Says It All
One Chart Says It All People sense the ‘recovery” is bogus, and their rational response is to save more money rather than squander it. Sometimes one chart captures the fundamental reality of the economy: for example, this chart of money velocity and the civilian-population ratio. (thank you, Joseph Y. for posting it on my Facebook feed.) […]
Market Analyst: “Nothing Is Real… All Of This is Being Played To Keep People Believing The System Is Working”
Market Analyst: “Nothing Is Real… All Of This is Being Played To Keep People Believing The System Is Working” The stock market may be hovering near all-time highs, but according to Greg Mannarino of Traders Choice that doesn’t mean the valuations are actually real: We exist, beyond any shadow of any doubt, in an environment of absolute […]
Eric Hunsader: The Financial System is ‘Absolutely, Positively Rigged’
Eric Hunsader: The Financial System is ‘Absolutely, Positively Rigged’ And the abuses are getting worse, not better Eric Hunsader, founder of Nanex, has been at the vanguard of warning about the dangers and the rampant fraud that the rise of high-frequency trading (HFT) algorithims have let loose in today’s financial markets. While he usually feels like a lone voice […]
A Fatal Flaw in the System
A Fatal Flaw in the System The Hard Rocks of Real Life BALTIMORE – The Dow dropped 174 points on Thursday, the biggest fall in six weeks. Not the end of the world. Maybe not even the end of this year’s bounce-back bull run. As you’ll recall, stocks sold off at the beginning of the […]
Japan Desperately Needs a Stronger Dollar, China Desperately Wants a Weaker Dollar: The Fed Can’t Please Both
Japan Desperately Needs a Stronger Dollar, China Desperately Wants a Weaker Dollar: The Fed Can’t Please Both The FX market is about to blow up in the Fed’s face, and there’s nothing they can do about it. Foreign exchange (FX) is a zero-sum game: if one currency weakens, another must strengthen. Since the value of a […]
Lost Faith In Central Banks And The Economic End Game
Lost Faith In Central Banks And The Economic End Game We live in strange economic times, stranger perhaps than at any other point in history. Since 2007-2008, the globally intertwined and dependent fiscal system has suffered considerable declines in every conceivable area. Manufacturing around the world is in a slump, from Japan to China to […]
Has The Biggest Of All Bubbles Popped: Central Bank Omnipotence?
Has The Biggest Of All Bubbles Popped: Central Bank Omnipotence? Since the initial turmoil began with the onset of what is now referred to as “The great financial crisis.” One strategy has proven more profitable than any other. That strategy? BTFD (buy the f___n’ dip.) Regardless of what proprietary advice (short of insider trading,) nothing, as […]
I Love the Smell of Napalm in the Market
I LOVE THE SMELL OF NAPALM IN THE MARKET That usually perceptive and always interesting observer of the financial Zeitgeist, Bloomberg’s estimable Mark Gilbert, has just penned an article entitled: “Milton Friedman’s ‘Helicopter Money’ Is Looking Less Crazy” After running through the standard complaints of the serial interventionists about how ineffective monetary policy has become (read: how […]
A Scam Called Valeant——Why The Casino Is Going To Blow
A Scam Called Valeant——Why The Casino Is Going To Blow If you need evidence that Wall Street is a financial time bomb waiting for ignition look no further than the recent meltdown of Valeant Pharmaceuticals (VRX). In round terms, its market cap of $90 billion on August 5th has suddenly become the embodiment of that proverbial sucking sound […]
The Biggest Short
THE BIGGEST SHORT Some reversals of financial trends prove so momentous they define the generation in which they occur. The stock market crash in 1929 kicked off the Great Depression, which ushered in the welfare and then the warfare state and redefined the relationship between government and citizens. Bonds and stocks began their bull market […]
The Monetary Base, Buybacks and the Stock Market
The Monetary Base, Buybacks and the Stock Market A Useful Leading Indicator? We often see charts comparing the S&P 500 to the growth in the Federal Reserve’s balance sheet, or more specifically, to assets held by the Fed. There is undeniably a close correlation between the two, but it has struck us as not very […]
Draghobert the Terrible Strikes Again
Draghobert the Terrible Strikes Again A Whiff of Panic Ahead of Thursday’s ECB meeting, there was a widespread consensus that Europe’s chief printing press supervisor would make up for the alleged “mistake” of under-delivering on monetary lunacy last time around. Therefore, a sizable dose of fresh absurdities had to be expected, with only small disagreements on […]
Do Any of the Current Rallies Pass “The Sniff Test”? No.
Do Any of the Current Rallies Pass “The Sniff Test”? No. But you can’t tame the monster of speculative, legalized looting and financialization. Everything from iron ore to copper to the Baltic Dry Index to stocks to bat guano is rallying. The problem is not a single rally passes “the sniff test:” is the rally the […]
Bert Dohmen Is Uber-Bearish and Here’s Why
Bert Dohmen Is Uber-Bearish and Here’s Why Bert Dohmen, founder of Dohmen Capital Research, is uber-bearish and believes that it is time for investors to panic (before everyone else does) given a potential collapse of the stock market greater than what we saw in 2008. Here’s what he had to say on Thursday’s podcast: “Over a […]
