by Tyler Durden Well it’s not a 3 page term sheet. It is a 5 page talking point bulletin full of ridiculous fluff with nothing substantial. Here is the only immediately actionable prerogative which comes from, you guessed it, Chained CPI and Social Security: Enacting a $500 billion down payment that would secure immediate deficit savings, while establishing a fast track process for the com Read More...

Tim Iacono In this story at Fortune on Goldman Sachs chief economist Jan Hatzius downgrading his forecast for U.S. economic growth to just a 1.5 percent rate in the second quarter, just six months after gushing over the prospects of that same economy growing at a multiple of that rate, Colin Barr provides some astute observations about the dismal set. But if good news for job seekers is hard Read More...

Hi Traders,   <Review below a great opportunity>   I’ve seen it more than once (in fact, many times).   A struggling trader decides, FINALLY, to take control of his/her trading success by realizing that…   The reason for their trading struggle… their lack of consistent trading success (or success AT ALL, for that matter) is…   They Read More...

by Tyler Durden The Guardian reveals a stunning development in the NOTW phone hacking aka MurdochGate case: “News of the World phone hacking whistleblower found dead: Sean Hoare, the former News of the World showbiz reporter who was the first named journalist to allege Andy Coulson was aware of phone hacking by his staff, has been found dead, the Guardian has learned. Hoare, who worked Read More...

 The dollar is and has been in a strong down trend for many years and I feel as though it’s getting close to another major land slide. It could take place any time in the next month or so according to my weekly chart analysis. The general rule is if the dollar falls in value then we tend to see both stocks and commodities rise. The inverse relationship at times can be tick for tick mean Read More...

Here’s the newest edition of Stock World Weekly: Clowns to the left, Jokers to the right. Excerpt: Our bearish outlook heading into this week proved accurate as U.S. equities traded sharply lower. We caught a glimpse of “No Mo POMO” in action. Not surprisingly, without POMO money from the Federal Reserve propping up stocks, the market behaved poorly. AsLee Adler of the Wall Stre Read More...

By Phil of Phil’s Stock World Diminishing QE Returns (Originally published at PSW as Mandarin Monday Meltdown – Again!) We were bearish last week (see Stock World Weekly for a summary of the week’s events and trade ideas for the week ahead) and, although the market didn’t seem to agree with us, we simply scaled in and rolled our short positions higher. As our weekend reviews s Read More...

The phrase “Greater Depression” was coined by Doug Casey a decade or so back as a way of describing the economic crisis he foresaw as inevitable, and which is now materializing. Because I think it is important for every organization to constantly challenge its own assumptions, I’ve long acted as something of a devil’s advocate here at Casey Research. By constantly pushing our analysts Read More...

The past couple months (May and June) have been tough on precious metals and crude oil. But recent price action shows that buyers are stepping back into the market buying up these commodities once again. Let’s take a quick look at the charts… Gold Futures Daily Chart: As you can see from the chart below, gold is making a new high. The big question is if it will do what it has done many time Read More...

Markets Get a Stiff Dose of Reality. The global “RISK ON” TRADE was administered with a stiff dose of smelling salts on Friday with the horrific nonfarm payroll report. The stock market was really leading with its chin. It expected 150,000-200,000 in job gains but got only a pitiful 18,000. The ensuing melt down was global in scale. The moves recently have been nothing less than stunning. Read More...

One of the many useful characteristics of options is that the astute trader can design strategies to capture profit from predicted price action forecasts from a wide variety of technical indicators. I think it is helpful to have knowledge of several approaches to technical analysis in order to recognize patterns that other traders may not see. Today I would like to introduce the topic of a te Read More...

By Phil of Phil’s Stock World I have to tell you some terrible things. I didn’t want to do it – I almost didn’t bother with this post as it’s soooooo depressing and who wants to hear that crap but there’s also a lot of stuff going on and it’s my job to inform you of it so I’m HOPING (because I am a hopeful guy) that, if we get it out of th Read More...

Gold Scents As many of you know I believe that we have begun the topping process of this cyclical bull market. In a healthy market an intermediate decline is a profit-taking event after a significant leg up. It should hold well above the prior intermediate bottom. The decline into the June low was not a profit-taking event. The market had not rallied long enough or far enough to warrant an i Read More...

Don’t Hold Your Breath for Residential Real Estate. Every few weeks I get a warm and fuzzy feeling when I see my old house for sale in the Wall Street Journal. I’m sure you’ve seen it. It’s the 8,500 square foot, four bedroom, seven bathroom white elephant perched on a mountain peak, with a dramatic waterfall pouring into a marble swimming pool, and panoramic 360 degree views of the Sa Read More...

It’s been an exciting couple months as stocks and commodities have moved like they are a roller coaster at a theme park. We all know every good roller coaster has a few monster hills which make their clients scream in fear/excitement that’s what it’s all about! But if we step back into the financial world where fear/excitement cost people month it is not so fun. Look at the US Dollar ind Read More...