The European Central Bank (ECB) has moved again to stimulate economic growth in the euro area by cutting interest rates and bolstering its quantitative easing (QE) programme.
The Bank said it was to expand its bond-buying to €80bn per month – up from €60bn – to help improve money supply in the economy. It also trimmed its overnight deposit rate further into negative territory to -0.4% in a new bid to encourage bank lending by charging lenders more to deposit cash with it.
Translation: Desperate times call for desperate actions. Nothing is working and ECB is starting to freak out. That forced Draghi to go all in and blow his proverbial “Bazooka”.
And the result?Well, the Dow futures are up a laughable 120 points as of this writing.
You want to know the truth. Here it is. Former FED President Richard Fisher finally admits to what I have been saying here for years.
We injected cocaine and heroin into the system to enable a wealth effect and now we are maintaining it with ritalin. The Fed is a giant weapon that has no ammunition left.
Wait a second…..what? Technicalities of what constitutes bull/bear markets aside, and I would hate to rain on everyone’s parade, but the stock market hasn’t gone anywhere in close to 2 years. Take a look at the NYSE (largest index by capitalization) chart below. The index topped out over 1.5 years ago. The Dow put in an important top exactly a year ago on March 2nd, with May 19th being a double top.
But I do remember that date very well. A number of incredibly powerful TIME cycles were arriving between March 6-10th and I was telling everyone to buy. I certainly was. Yet, no one would listen. And I mean NO ONE. Most people who knew about my TIMING analysis dismissed it as “highly unlikely/improbable”.
And I can tell you this with certainty, no one wanted to touch stocks. At any price. Don’t believe me? Here is March 6th 2009 CNBC Stock Market Closing Bell. Note, not a single person screamed out in excitement that stocks were being given away at incredibly low prices and it was time to load up. On the contrary, the mood was gloomy and downright depressing. And of course, it was the right time to buy.
Today, the situation is entirely reversed. Try telling people that the stock market is incredibly overpriced and they will immediately dismiss you as the “boy who cried wolf”. For God’s sake, they are still celebrating a bull market that might have ended almost two years ago. What else do you need to know?
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning when the bear market of 2015-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note: A bear market might have started already, I am simply not disclosing this information. Due to my obligations to mySubscribersI am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, pleaseClick Here). Daily Stock Market Update. March 9th, 2016 InvestWithAlex.com
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3/8/2016 – A negative day with the Dow Jones down 111 points (-0.65%) and the Nasdaq down 59 points (-1.26%)
Just a few weeks ago, on February 10th and as the market was bottoming I wrote the following Financial Media Predicts Armageddon – Time To Go Long? At that juncture investors were hard pressed to find a single bullish article out there. Forcing me to suggest that some sort of a market bounce might be just around the corner.
But after a quick 1,500 point rally on the Dow the sentiment has now swung in the opposite direction. That is in addition to the market being extremely overbought by most traditional measures. Case and point……
What should today’s investors take away from it all?
Sequencing.
Here is what I mean. My mathematical and timing work suggests that we will see quite a few massive sell-offs this year alone. Sell-offs that will be followed by incredibly powerful rallies. In other words, while both bulls and bears will be largely disappointed, market timers should walk away with substantial gains. At least in theory.
That is why I believe TIMING and price analysis become imperative over the next few years. Luckily, that is exactly what we do here. Please consider it…… Click Here.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning when the bear market of 2015-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note:A bear market might have started already, I am simply not disclosing this information. Due to my obligations to mySubscribersI am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, pleaseClick Here). Daily Stock Market Update. March 8th, 2016 InvestWithAlex.com
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My American friends often ask me…..what’s the big deal with NATO being or running drills on the Russian border? The answer is fairly simple. Just imagine how fast Washington would declare war if a Russian Army group was running battle drills in Tijuana.
Now, as the war with Russia/China nears, as per my previously published forecasts Click Here, it is important to know how the other side views the subject matter. Read and decide for yourself who is at fault here.
NATO’s war games are part of an ongoing attempt to show the world that the US is ready to risk world war against Russia to defend its right to conduct illegal regime change and create failed states, says independent political analyst Dan Glazebrook.
Norway is hosting Europe’s biggest annual military exercise codenamed ‘Cold Response’. Some 15,000 troops from NATO states will be involved.
The scenario will mimic a military conflict with armed forces in a fictional cold country. Meanwhile, Norway’s current non-fictional security review lists Russia as one of the main threats. NATO officials, however, claim there’s no connection.
RT: It’s one of the largest exercises of its kind that comes with US deployment of strategic bombers, but NATO says it bears no relation to Russia. What do you make of that?
Dan Glazebrook: You have to look at the recent history of US militarism and NATO aggression. NATO deeply invested in regime change operations by proxy, several of which have not gone very well, for example, in Syria and Ukraine. NATO has failed to ensure its new kind of regime change operations have been successful…It doesn’t want to see them fail and one of the reasons that they have been failing is because of Russia’s refusal to simply roll over and let the US create one failed state after another. So, Russia is deeply despised by many elements within the US military establishment for being a thorn in the side of the US regime change juggernaut. We have to understand that the NATO countries and the US are already leading an economic war against Russia through sanctions, through its policy to encourage Saudi to cause a debt in the oil price. This hasn’t worked. And this is resorting to outright militarism and this is part of it. And we have seen NATO member Turkey attacking and shooting down a Russian jet and we’ve seen in the last few weeks Turkey and Saudi Arabia opening an invasion of Syria…This is part of the ongoing attempts to show the world that the US is ready, able and willing to fight a world war – potentially with Russia. Not just to fight against Syria or Libya, but actually to risk world war against Russia to defend its right to conduct illegal regime change, to create failed states and to turn peaceful countries into sectarian bloodbaths. That is what this is all about.
RT: The war games include an aggressor part and a defender part. Do you think there is a strategic undertone or it’s just a way for NATO to demonstrate its military power?
DG: There are strategic elements. There is going to be strategic resource wars in the Arctic and they are preparing for that… Remember the US strategy of full-spectrum dominance announced after the end of the Cold war: the idea that there should be no inch of the planet really that is beyond US military control…But I still think first and foremost they need to convince the world, demonstrate to the world that they are willing to go to war with Russia. Because it may be a bluff, but they need to convince the world that this is not a bluff and that they are able to do that. And for sure there are elements in the US military establishment [who] would be willing to do that, and that is not a bluff. So, it is a very dangerous situation that we are seeing develop here.
RT: NATO says that there are no grounds for Russia to consider these drills and the whole NATO activity in the region as a threat. Do you think these claims are true?
DG: These countries often have this kind of analysis, but have mater on its head. Who’s going around the world creating failed states. If we look at Russia’s actions, they have been defensive and as much as they’ve been trying to defend, for example, in Ukraine, and actually quite minimal involvement of Russia in Ukraine, but to the extent they have been involved to try and defend the people of eastern Ukraine from the onslaught of neo-Nazi forces that have been unleashed on them by an illegal regime change operation backed by the US. In Syria they have been invited by the Syrian government to prevent a collapse of the Syrian government in the face of a sectarian death squad onslaught sponsored by the US and Britain and others. To try and characterize this as Russian aggression when actually they are just conducting some level of defense against illegal aggression that has been going on around the world led by the US, this is completely puts the matter on its head.
It’s an observable, empirical fact that NATO is surrounding and encircling Russia with troops, threatening Russia with this kind of exercises. We also know from past experience that NATO countries’ leaders are not to be believed when they reassure Russia. For example, when George Bush Sr said that NATO won’t advance one inch to the East, and every country that has joined the EU to the East had subsequently gone on to join NATO. NATO assurances are not worth the paper they are written on. It doesn’t matter what NATO is saying, it is what they are doing that gives their game away.
3/7/2016 – A mixed day with the Dow Jones up 66 points (+0.39%) and the Nasdaq down 9 points (-0.19%)
I had to shake my head in disbelief so many times over the weekend, I think might have sprained my neck. To save you the trouble, here is the best of it……
“I can say, China’s economy will absolutely not have a hard landing,” Xu said. “The so-called predictions for a hard landing will definitely come to nothing. Please rest assured, this possibility does not exist.”
Famous last words? You bet. If you should have learned anything from this blog over the last few years it’s the following. When top officials go out of their way to issue such a statement, the exact opposite is true. That is to say, run…..don’t walk away from China.
Finland and the Netherlandshave already shown their interest in giving people a regular monthly allowance regardless of working status, and now Ontario, Canada is onboard. The premise: send people monthly checks to cover living expenses such as food, transportation, clothing, and utilities — no questions asked.
Eh? Hey, why the hell not. While at it, why not go out with a bang Canada. Forget about covering monthly expenses. I think everyone should get a Ferrari and a $1 Million allowance. I am amazed at the fact that politicians do not understand simple math, let alone basic economic principals.
It’s the best time to buy bullish options on the Standard & Poor’s 500 Index in 20 years, Goldman Sachs Group Inc. says. The U.S. benchmark has a 21 percent probability of rising 5 percent in the next month, according to a model by the New York bank that looks at free-cash-flow yield, return on equity, Institute for Supply Management data and capacity utilization. The options market is pricing in only a 5 percent chance the S&P 500 will move as much.
Yep, it is as simple as that. Load up on call options and make a fortune. I am just wondering who would be stupid enough to write the above calls. Oh wait ?!?!
“To highlight that, in my view, stocks’ counter-trend bounce off the February lows has now run its course and I believe we are – in early March – likely to see the onset of the next leg weaker in risk, vs stronger in core duration,” Janjuah wrote in a note Friday. “I expect this next leg of weakness to last three to five weeks and to result in new lows so far in this cycle in stocks (S&P500 into the 1700s) and new lows in core government bond yields (target 1.5% in 10yr USTs).”
That sounds about right…..
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning when the bear market of 2015-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note:A bear market might have started already, I am simply not disclosing this information. Due to my obligations to mySubscribersI am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here). Daily Stock Market Update. March 7th, 2016 InvestWithAlex.com
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Jim Rogers delivers again. If you participate in financial markets, the video below is a must watch. I couldn’t agree more. Jim’s view is my own. To the tune of 100%.
This conclusion is further supported by my mathematical and timing work. It clearly shows a severe bear market between 2015-2017. In fact, when it starts it will very quickly retrace most of the gains accrued over the last few years. If you would be interested in learning when the bear market of 2015-2017 will start (to the day) and its internal composition, please CLICK HERE.
(***Please Note:A bear market might have started already, I am simply not disclosing this information. Due to my obligations to mySubscribersI am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, pleaseClick Here). Daily Stock Market Update. March 4th, 2016 InvestWithAlex.com
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As you already know, Matt Demeter’s (Demeter Capital) weekly coverage concentrates on some of the most popular worldwide indices, futures, bonds, stocks, commodities and currencies. Matt’s work is some of the most accurate I have ever seen and it shows. The table below represents just a small portion of work available from Demeter Research. To learn more and to see Matt’s work in action, please Click Here.
Report Date: February 28th, 2016 (Including COT Reports).
For up to the minute long-term and short-term analysis on all of the markets below, please Click Here.
