In 1973, then President Richard Nixon and his administration made the correct call of decoupling the US dollar from gold, thereby changing the world of finance forever. Now, while I agree breaking from the Gold Standard was the right move at that time (Thanks, France)… The fact that there was nothing physical, no…
DetailsThe last week of August was nothing short of great for bulls, as the market proved itself yet again, defusing the fears of a deeper correction. North Korea fired a ballistic missile over Japan, heating up geopolitical tensions, and the devastation of Hurricane Harvey turned out to be much worse than expected, but equities barely…
DetailsState of the Stock Market Analysis for the Week Ending August 27th, 2017 (Global Economy Growth is Lackluster 8-27-17) A Happy Labor Day Weekend to all, and while volume was light, we closed out Friday positive. Bulls were hoping for new highs for the major indices to close out the week, but that was not to…
Details“Magic’s just science that we don’t understand yet.” Science IS magic… Can you imagine being able to go back in time and show somebody from the dark ages a smart phone? They’d absolutely flip out if you took and showed them videos of themselves. They’d brand you a wizard and probably have you…
DetailsWall Street experienced a quiet week of trading, as investors were waiting for the Fed’s annual Jackson Hole symposium. (There are also very few economic releases coming out before the end of the summer season.) The much-awaited meeting didn’t change the underlying trends in the market, with no major shifts in the central bank’s rhetoric.…
DetailsState of the Stock Market Analysis for the Week Ending August 27th, 2017 (Global Economy Growth is Lackluster 8-27-17) The buzz from Jackson Hole is that the global economy is good, but not great. Janet Yellen’s morning speech emphasized that global central banks did their jobs and performed as necessary following the 2008-2009 global meltdown. She…
DetailsIt’s time to take a step forward. Actually, no… It’s time to take a LEAP forward. And I’m not talking about societally or geopolitically… I’m talking about taking a quantum step forward in the way we make money in the markets. The future is moving in one, technological direction – we can see it happening…
DetailsJust when it looked like the major indices had recovered from their “North Korea” lows last week, another steep decline rocked Wall Street on Thursday, with small caps being at the forefront of the correction. This time, the increasing worries about the new administration’s policy plans triggered the drop and were intensified by the tragic…
DetailsState of the Stock Market Analysis for the Week Ending August 20th, 2017 (Tough Week for Stock Market 8-20-17) It was a tough week for the stock market, and while bulls were hoping for a big Friday lift, that was not what we saw. The major indices finished slightly lower on Friday, but overall, it was…
DetailsForward progression… That’s not only the nature of business, but it’s the nature of life in general. For humans, we’ve watched that progression in the form of our fuels – from wood for fires, to peat moss, to coal, to oil – all of these natural fuel sources have kept our species warm…
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