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Uh Oh; In A Month Of Big Warnings, The Biggest Yet
Uh Oh; In A Month Of Big Warnings, The Biggest Yet All better now. It’s a Christmas miracle, the plunge erased by market closure as if FDR had just been re-elected and taken the oath. The Dow is on everyone’s mind, so trading on December 26 has understandably stuck. Stocks posted their best day in […]
El-Erian: 1000-Point Swings In The Dow Are The “New Reality”
El-Erian: 1000-Point Swings In The Dow Are The “New Reality” While even some of the most dogged bulls are throwing in the towel on their optimistic forecasts for the US (see Goldman taking the axe to its 2019 GDP forecast noted earlier), there are those who steadfastly believe that 2019 will be a solid year […]
Which Side Are You On?
Which Side Are You On? You had to love the narrative that the financial media put over about the 1000-plus point zoom in the DJIA on Wednesday: that pension funds were “rebalancing” their portfolios. It dredged up the image of a drowning man at the bottom of the deep blue sea with an anchor in […]
Stock Market Crash of 1987
Stock Market Crash of 1987 The first contemporary global financial crisis unfolded on October 19, 1987, a day known as “Black Monday” when the Dow Jones Industrial Average dropped 22.6 percent. Composite of newspaper headlines reporting the Stock Market Crash of 1987 (Associated Press) The first contemporary global financial crisis unfolded in the autumn of […]
Hammer Time
Hammer Time Looks like somebody threw a dead cat onto Wall Street’s luge run overnight to temporarily halt the rather ugly 2000 point slide in the Dow Jones Industrial Average — and plenty of freefall in other indices, including markets in other countries. A Friday pause in the financial carnage will give the hedge funders […]
Weekly Commentary: Cracks
Weekly Commentary: Cracks After posting an inter-week high of 25,800 on Tuesday, the DJIA then dropped 1,583 points (6.1%) at the week’s Friday morning low (24,218) – before closing the session at 24,538 (down 3.0% for the week). The VIX traded as low as 15.29 Tuesday. It then closed Wednesday at 19.85, jumped as high […]
Stock Market’s Massive Moves Not Seen Since Great Recession: Many who didn’t see the bubble bursting have fallen
Stock Market’s Massive Moves Not Seen Since Great Recession: Many who didn’t see the bubble bursting have fallen Talk about the market busting a move … and a lot of people! In less than half a month, the Trump Rally lost a third of the height it had developed over a period of sixteen months […]
Steve Keen: “Why Did It Take So Long For This Crash To Happen?”
Steve Keen: “Why Did It Take So Long For This Crash To Happen?” As originally written at RT, outspoken Aussie economist Steve Keen points out that everyone who’s asking “why did the stock market crash Monday?” is asking the wrong question; the real question, Keen exclaims, is “why did it take so long for this […]
1987, 1997, 2007… Just How Crash-Prone are Years Ending in 7?
1987, 1997, 2007… Just How Crash-Prone are Years Ending in 7? Bad Reputation Years ending in 7, such as the current year 2017, have a bad reputation among stock market participants. Large price declines tend to occur quite frequently in these years. Sliding down the steep slope of the cursed year. [PT] Just think of […]
When the Game Changes
WHEN THE GAME CHANGES “In a free market, the price and quantity of an item are determined by the supply and demand for that item.” ‘The function and nature of markets’ on boundless.com. In their efforts to jam the square peg of financial theory into the round hole of human nature, economists have perpetrated some pretty stupid […]
The FOMC Decision: The Boxed in Fed
The FOMC Decision: The Boxed in Fed An Imaginary Bogeyman What’s a Keynesian monetary quack to do when the economy and markets fail to remain “on message” within a few weeks of grandiose declarations that this time, printing truckloads of money has somehow “worked”, in defiance of centuries of experience, and in blatant violation of sound theory? […]
The Fed’s Phony Boom Is Becoming a Real Bust …
The Fed’s Phony Boom Is Becoming a Real Bust … No More Juice Friday’s 391-point drop in the Dow – a nearly 2.5% fall – ended the worst 10-day start to a year in U.S. market history. The average stock in the S&P 1500 – which includes about 90% of all stocks in listed in the […]
Stock Market Suffers Worst Start to the Year Ever – What Does it Mean?
Stock Market Suffers Worst Start to the Year Ever – What Does it Mean? A Dismal Beginning From December 30 to the end of the first week trading week of January, the DJIA has declined by roughly 7.7% (approx. 1,370 points) and the SPX by roughly 7.6% (approx. 160 points). This was nothing compared to […]
Stock Market Crash 2016: This Is The Worst Start To A Year For Stocks Ever
Stock Market Crash 2016: This Is The Worst Start To A Year For Stocks Ever We have never had a year start the way that 2016 has started. In the U.S., the Dow Jones Industrial Average and the S&P 500 have both posted their worst four-day starts to a year ever. Canadian stocks are now […]
