Sell, Sell, Sell…..The Central Bank Madmen Are Raging
The global financial system has come unglued. Everywhere the real world evidence points to cooling growth, faltering investment, slowing trade, vast excess industrial capacity, peak private debt, public fiscal exhaustion, currency wars, intensified politico-military conflict and an unprecedented disconnect between debt-saturated real economies and irrationally exuberant financial markets. Yet overnight two central banks promised what amounts to more monetary heroin and, presto, the […]
Market Commentary: Markets Close With New Historic Highs For The DOW And SP500
Written by Gary The DOW and SP500 both made new closing highs today as Mr. Market continues to push the averages higher. Volume tapered down after the market opening, but remained at low levels throughout the session. By 4 pm the averages closed after a relatively quiet afternoon session. Many investors are waiting for the other […]
SP 500 And NDX Futures Daily Charts – Another Record Close, Sweet Dreams Baby
Next week will be a short holiday week with the Thanksgiving Holiday on Thursday, and ‘Black Friday’ the day after when everyone goes shopping for happiness and fulfillment. We will see the second estimate of Q3 GDP on Tuesday. The market is hitting a bit of a high note here, with record close after record […]
Euro Area Money Supply And Credit Growth
Money Supply Growth Accelerates, Credit to Private Sector Still in Decline While money supply growth is slowing down in the US, it has recently continued to accelerate somewhat in the euro area. The effects of the ECB’s “QE”-type debt monetization activities in the form of covered bond and ABS purchases have not yet impacted aggregate […]
Lesson: Covered Calls 60% Year Extra, Really?
Covered call options are a great way to earn additional income from your stock portfolio. By selling stock options one can realistically earn 60% or more on your money a year. In order to learn the covered call strategy you have to become familiar with selling stock options. Selling is called “writing” in the world of […]
Splitting The Profit – Condensate Splitters Under Pressure
As I noted in the Condensate Economics Explained this summer, condensate splitters will not be a sustainable solution to the condensate flood in the US by itself. The recent article by RBN indirectly supports this claim. RBN expects very high natural gas liquids (NGL) production. The problem child in NGL is ethane. Ethane, because of its unique property […]
Hi Yo Silver – “Bullish Reversal Wick” Could Be Forming At Dual Support
CLICK ON CHART TO ENLARGE Bullish wicks at support can be create nice buying opportunities. A month ago Premium Members took advantage of bullish wicks in stocks and took “Pocket Change Gains” here. (see post here) Silver is hitting dual line support, at the same time it is hitting the 23% Fibonacci support off the […]
The Big Four Economic Indicators: Real Retail Sales
Note from dshort: With yesterday’s release of the Consumer Price Index for October, I’ve updated Real Retail Sales for October. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to […]
Gold Too Pricey Or Oil Too Cheap
The price of oil and of gold are daily fodder for the financial media. Lately, minute-by-minute fluctuations in the value of the commodities have been followed breathlessly by pundits and punters, looking for either prophesy or profit. But pull back a little. There’s a relationship between gold and oil that’s worth understanding because each, being […]
Top-Down Approach Is Not Working… Go Bottom-Up
Economics is full of ideas for fiscal & monetary policies. But these policies are Top-down approaches. They work through investment and the financial system. Yes, China lowers its benchmark rate from 6.0% to 5.6%, but China is supporting a failing policy of over-investment. Debt rises… and non-performing loans are increasing. Yes, Draghi wants to do […]
