Weighed Down by Obamacare, Etc, Is the Weak Holiday a Surprise?

The Associated Press reports, “Early signs of weak holiday spending send retail stocks lower as traders return from holiday.” Early signs of softness in holiday spending sent retail stocks lower on the first day of trading after the Thanksgiving holiday. Macy’s and Kohl’s each fell 2 percent Monday, while Target fell 1 percent, more than the rest of the market. Health care stocks also took a tumble. Drugmakers Celgene and AbbVie each fell 3 percent. The Dow Jones industrial average gave up 78 Read more […]

Establishment Member Is Telling Everyone to Prepare for Economic Breakdown

The advice sounds like it comes from a prepper or a goldbug, but it is coming from a bona fide political establishment member in Britain. If you frequent conservative and libertarian blogs that analyze the state of our economy, you probably have read this kind of advice before. You could easily see it on an alternative media twitter feed: “Advice on the looming crash, No.1: get hard cash in a safe place now; don’t assume banks & cashpoints will be open, or bank cards will work.” “Crash Read more […]

Government Bureaucrats Can’t Predict Our Economic Future

Whether it is managing healthcare or alternative energy, our government bureaucrats repeatedly fail to see our economic future. As we all know, our stock market is finally starting to shred the delusions that have built it up over the past months and years. One major domino that started the cascade was China’s experience of the same thing. When China started to show major signs of shredding, Jack Lew was asked about it. Jack Lew is President Barack Obama’s Secretary of the Treasury. I’d Read more […]

So How Smart Was Boasting in the Stock Market, Mr. President?

Only two months ago Barack Obama claimed he saved the stock market. Earlier this month I pointed out that not even Politifact could support the President’s boasting in the economy. Indeed, Obama’s boasting was immense. Consider this Business Insider report from exactly two months ago: “Obama: I saved the stock market.” President Barack Obama says he saved the American economy … and its stock market. Obama did a victory lap on comedian Marc Maron’s podcast, WTF, earlier this week, and Read more […]

The Stock Market v. the Economy

What is good for the stock market is not necessarily good for the American people. Sometimes the stock market reveals economic reality. A sudden plunge usually means that people are realizing that economic productivity was being grossly exaggerated. So now they are making a “correction.” [See also, “Did the Stock Market Receive a Secret Bailout?”] But other times the stock market is a distraction from economic reality. Here is an example: “Stocks Are Mixed as Crude Oil Closes Worst Read more […]

“Patiently” Killing Capitalism in America

Wednesday morning I checked the Dow Jones Industrial Average, and it was down just over triple digits. It stayed underwater all the way through lunch too. Then, miraculously, about 1:30 pm, it took off like a rocket, swinging 350 pts to the upside, closing over 200 pts in the black. Now I knew what caused it. I keep up with such things. The FOMC (The Fed) had just released their vague do nothing statement. They removed one measly little word. They removed the word, “patient”, meaning that Read more […]

Economic Boom Is Running on Fumes

Don’t expect this fake economic boom in the stock market to last. If you’re invested in Wall Street I hope you made lots and lots of money this year. I also hope you’re booking some profits, because as this assessment states: The “booming” economy in the United States is mostly smoke and mirrors. “Tyler Durden” posts at ZeroHedge.com: “Blackrock Stunner: S&P 500 Profits Are 86% Higher Than They Would Be Without Accounting Fudges.” We have previously observed that while Read more […]

Did the Stock Market Receive a Secret Bailout?

Is someone in the Government-Banking Complex actively manipulating the Stock Market? Only a few days ago, the stock market was groaning and “analysts” were blaming Ebola panic. But then things changed. Yesterday ended a four-day “winning streak” for the S&P. I suspect that there will be more descent today. But it is hard to say since the indices seem to sometimes gain the power to levitate. Which brings us to the question of what happened to turn the Stock Market around. John Read more […]

Ebola Is Not the Reason the Stock Market Is Groaning

We don’t need Ebola to explain sinking stock prices. It is amazing the market has lasted as long as it has. I often wonder if those who read the news even believe what they’re saying. ABC Radio News yesterday talked about the plummeting stock market, and they identified the reason for this week’s collapse. No, they didn’t talk about a runaway Congress which has stolen more taxpayer money than ever this year—while still running a half-a-trillion dollar deficit. No, they didn’t blame Read more […]

Stock Market Debt: Beware the Bear!

A picture of stock market debt is worth 1000 words—I’ll be well below that. The markets are hitting new highs. Is it because the economy is performing so well, or is there another explanation? Check out the amount of borrowed money (the red measurement) that has accompanied the recent ascent to new highs (the blue line). [See also, “Does Stock Market Euphoria Mean A Better Economy? Americans Aren’t Buying It.”] All of the Fed’s “funny money” has been doing its primary job: Read more […]

The Stock Market Crash Could Cut Values in Half

Not everyone will call yesterday’s drop a stock market crash… yet. But now it is admitted that a crash might be a reality. Henry Blodgett begins his post in Business Insider by saying that he is not predicting a crash: After meandering higher for most of the year, the stock market is now sputtering. That’s triggering chatter about a minor “correction,” which many people believe is long overdue. And maybe that’s what we’re at the start of, a minor correction. Or maybe this is just a blip, Read more […]

Is the Bubble about to Burst?

Do you own any stocks or mutual funds? If so, you really should read and ponder this article. From the Sovereign Man blog: Lord Overstone said it best. “No warning can save people determined to grow suddenly rich.” Case in point– CYNK Technology Corp, a listed company that as of this morning has a market capitalization in excess of $1 BILLION. According to official filings, the social media development company had one employee, no website, no revenue, no product, and no assets. What Read more […]