Courtesy of JESSE’S CAFÉ AMÉRICAIN A bubble is a significant increase in valuation supported by a set of artificial, inexplicable, and otherwise unsustainable conditions. The ‘increase in valuation’ can be nominal as in a price that goes ‘higher’ without a corresponding increase in value, or a decline in the value underlying the asset...

At 5 PM EST today the doors to Portfolio Crafter are slamming shut.  But there’s still time for you to get a coveted spot…Sitting on the fence won’t do you any good. The fun and profits are inside. Don’t get left out in the cold wondering what might have been. Remember, you can join on a 30-day trial basis. See if Portfolio...

The Market Ticker Here we go again, with yet another unarmed assault: (Incidentally, the first rule of linking someone somewhere is that you actually have to make sure that the web address you link to works.  My billing rate is $300/hour if “Gordon” is incapable of managing to get his blog to work on his own, as the link on Zerohedge,...

I’ll keep this short and sweet here are the main points. Moving Averages crossed over this week and when we see this a trend reversal generally occurs. That being said it is best to wait for the moving averages to cluster which means we need a pullback or sideways movement for a few days. I feel this is very likely to happen. NYSE Buying...

By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report Silver has been sizzling and causing lots of buzz in the industry. Investors are excited. Part of the hubbub is due to its current run. Since its February 8 low, silver has roared ahead 22.4% (through June 21) and has doubled from its November 2008 low. This excitement has spilled...

By Thermidor– Tyler Durden Many of you have seen this chart before but I thought given today’s housing starts data it’s was worth rolling out again. Its housing starts in red vs. US GDP YoY in green and as you can see the relationship is very solid over the last 62 years! What the chart clearly shows is that EVERY GDP rebound...

WASHINGTON (AP) — The chairman of BP’s board says that the oil company will suspend its quarterly dividend as part of its commitments to compensate victims of the Gulf oil spill. BP Chairman Carl-Henric Svanberg made the announcement Wednesday after emerging from the White House where he and other BP executives met for four hours with...

By: Evan Lazarus of T3Live This picture highlights the pure chaos in the market. While there are different benchmark indexes to look at I have always found the using the E-Mini’s has given me the most accurate reflection of the marketplace. This range bound channel tells a very compelling story about why the bulls and bears are so frustrated...

Courtesy of Mish According to the Wall Street Journal, state and local borrowing as a percentage of U.S. GDP has risen to an all-time high of 22% in 2010. Please consider America’s Municipal Debt Racket. Nearly 40 years ago the Garden State borrowed $302 million to begin constructing the Meadowlands. The goal was to pay off the bonds in 25 years....

Fannie and Freddie to the Penny Stock Game. MCLEAN, Va., June 16 /PRNewswire-FirstCall/ — Freddie Mac  today announced that the company has notified the New York Stock Exchange (NYSE) of its intent to delist its common stock and the 20 listed classes of its preferred stock.  This notice was made pursuant to a directive by the Federal...

The Mess That Greenspan Made The Commerce Department reported(.pdf) that new home construction tumbled in May following the expiration of the homebuyer tax credit in April, a development that surprised many forecasters for some reason. A look over at the Economic Calender at Yahoo! Finance shows that analysts missed these two by a country mile. After...

The Market Ticker .. and I’ll blow your banks up! “We’re not afraid of transparency,” said the Spanish Banking Association (AEB), saying the full truth would put an end to rumours battering Spain’s instutitions. El Pais reported that the government backs the initiative, putting it on a collision course with Germany...

By MIKE WHITNEY writing at CounterPunch Did the Federal Reserve collude with the big banks to hold millions of houses off the market until the Fed finished adding $1.25 trillion to the banks reserves?  Did the Fed do this to make it appear that its bond purchasing plan (quantitative easing) was stabilizing prices when, in fact, it was the reduction...

The video is short, less than two minutes, but you’ll get a lot of good information that will help you trade these choppy, choppy markets. Click the chart to view the video.

by Tyler Durden Even as the EURJPY suggests that the intraday market peak should have occurred about the time the ES was unable to breach the 200DMA for the first time earlier today, stocks are now semi-sentient, and realize that with OpEx coming up in a few days, at this point no correlations matter: the market must be gunned beyond max pain. Will...