Happy Thanksgiving! The market drifted higher along the intermediate uptrend line on Wednesday, keeping the trend intact, but it faces a key inflection point on Friday. This report tells where that is and what scenarios are likely depending on whether the market closes above or below it.
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Money is drying up. And bondholders grapple with the sordid meaning of “junk.”
Early openers messing around: Kiwis -0.3%, Aussies +0.1%, Nikkei -0.4% and Sth Korea +0.3%.
Aussie sectors mixed: Telecomms +1% down to Energy -2.2%.
Ben Bernanke and his teenaged Wall Street media groupies like to claim that he saved the world with QE. But if QE was such a cureall why has the “recovery” in Japan and Europe been so weak? The ECB printed money out the wazoo for a while and the BoJ is giving Japan, the US,…
In this September 8, 2014 video for Radio Free Wall Street, I talked about why I thought the ECB programs would fail to boost its balance sheet or achieve its goals of boosting inflation or the European economy. I also about the central bank tag teams keep the markets afloat, about why jobs data doesn’t matter to the market trend, and finally what real time tax collections can tell us that lagged, manipulated economic data can’t. It’s all wrapped up in an eye opening 12 minutes that should make you say, Damn!” Or at least “Dang!”
This video was originally published for Radio Free Wall Street subscribers on September 8, 2014. To see the latest videos in real time, subscribe here. Go behind the paper curtain of Wall Street propaganda and get the facts.
See more videos from Lee Adler on The Wall Street Examiner Channel on Youtube.
Thanksgiving always puts me in a good mood, so I found myself looking for some un-ballyhooed and actually plausible reasons to be optimistic about American domestic manufacturing. (As readers know, there’s no shortage of ballyhooed, implausible reasons.) And I came up with a small one: defense spending, where a modest comeback appears to be heralded in today’s government data on durable goods orders.
Google Inc. (Nasdaq: GOOG) has grown to be the fourth most valuable U.S. company , with a market capitalization of $370 billion.
Only Apple Inc. (Nasdaq: AAPL), Exxon Mobil Corp. (NYSE: XOM), and Microsoft Corp. (Nasdaq: MSFT) are larger. In 2015, t…
The Fed’s wealth effect kicks in: “Mind-blowing” how the luxury market has been “completely on fire.” The rest, well….
Cycle screening measures are looking a little tired so I have revised my intermediate term tactical opinion.
Early openers going in different directions: Kiwis +0.4%, Aussies +0.9%, Nikkei -0.3% and Sth Korea -0.2%.
Aussie sectors looking quite bullish: Gold +1.9%, Miners +1.3%, IT, REITS and Materials all +1.2%.