Is The Bottom In?
The powerful three day rally from Tuesday through Thursday has generated a lot of excitement and speculation that the bottom may be in. The NASDAQ is up more than 1,000 points (8%) over that span. Grant Hawkridge tweeted a nice…
The powerful three day rally from Tuesday through Thursday has generated a lot of excitement and speculation that the bottom may be in. The NASDAQ is up more than 1,000 points (8%) over that span. Grant Hawkridge tweeted a nice…
What investors have been fretting about finally happened: Russia invaded Ukraine Wednesday night. Bears have been correct in saying that we won’t see even an intermediate bottom until there is real fear – and we haven’t seen it yet. Well,…
Gold had a big day Friday in the wake of the news that we might be going to war with Russia over Ukraine. The Gold ETF (GLD) was +1.91% on 3x average volume. Combine potential geopolitical conflict – and don’t…
From August 24, 1921 through September 3, 1929, the Dow Jones Industrial Average surged from 63.90 to 381.17 (+497%). From March 9, 2009 through November 19, 2021, the NASDAQ Composite surged from 1,268.64 to 16,057.44 (+1166%). In terms of the…
There is a new COVID variant – B.1.1.529 – that is spreading extremely rapidly in South Africa – far faster, in fact, than the Beta and Delta variants as you can see in the chart above from John Burn-Murdoch. As…
Cassandra was an ancient Greek priestess cursed to utter true prophecies but never to be believed. I can relate! On Monday I called for a Second Great Depression. This evening I am going to write about why I think this…
For the first time in 40 years we have real inflation in the US and the implications are enormous. It means the end of the 40 year bond bull market, a stock market crash and The Second Great Depression. In…
The most important event of the week was the Fed Decision on Wednesday afternoon. While the Fed did not make any policy changes (the Fed Funds Rate continues at 0% as well as $120 Billion/month in asset purchases) they did start to talk about inflation raising the possibility of tapering asset purchases and raising interest rates down the road. That was enough to create a dramatic reaction in financial markets.
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