After years printing money, it seems that the press at the US FED are finally running out of ink with “Helicopter” Ben Bernanke announcing last week that the party will be over by mid 2014. The seeming everlasting QE program will begin to be scaled back this year as the US central bank looks to…
If you remember the beginning of the Lehman Brothers collapse that led to the credit crunch in 2007 which led to the FED’s policies of using QE-bazookas, you’ll no doubt be experiencing a deja vu sensation when looking at China in recent weeks. The economy, which averaged a 9.3% GDP growth rate between 1970 and…
As most of us will be aware, until the financial crisis of 2007 – 8 (caused in my opinion because the Euro was becoming too successful as an alternative to the U.S. Dollar / T Bonds for (non) tax paid cash syphoned from emerging markets) even a chimp with a pin and a copy of…
In an interview on CNBC, John Boehner, Speaker of the United States House of Representatives, accused Federal Reserve chairman Ben Bernanke of generating the market sell-off. In fact, Mr. Boehner actually should’ve thanked Bernanke for the stock market rally that drove the Dow and S&P 500 to record highs. It was only because of the…
We thought it useful to look back at previous serious gold stock drubbings to see just how the current rout compares. Take a look at the chart below of the Barrons Gold Mining Index and you can see that the current rout (in black) has just about reached the depths seen in the 1974-76 downturn…
Interesting article out from the WSJ relaying that short interest in the US is at a 6 year low… Even a 5% pullback in stocks hasn’t provided enough fuel for short sellers to start betting against the market again. Short interest, or bearish bets, on S&P 500 stocks fell to 2.3% of shares outstanding at…
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Tom DeMark The Shanghai Composite Index will jump about 12 percent in coming months as its June slump exhausts sellers, said Tom DeMark, the creator of indicators to show turning points in securities. The benchmark index for Chinese equities will climb to 2,323 after producing a buy signal June 21 on the Combo chart, designed…
Ben Bernanke Well, Ben Bernanke finally had his wits about him when he suggested that the Federal Reserve might begin to taper its bond-buying program by the year’s end, and then end the program altogether sometime in 2014. In my mind, that shows that the Fed is thinking clearly—like it or not, that’s what Wall…
I’m going to be a little lazy with today’s blog, but I have serendipitously come across two charts in the last few days, both of which strengthen my view that a significant top is in place for the major US indices. Before going on, I want to clarify that I don’t believe this is…
