A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Crafting a Global Rescue for EuropeNew York TimesAnother international summit has come and gone without any of the coordinated action that is vital if an ailing European economy is to be revived. Confronted by a crisis whose resolution demands interven...
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VentureBeatZynga Trading Pauses Last Too Long Amid Facebook Trading IssuesSan Francisco ChronicleMay 18 (Bloomberg) -- Zynga Inc. shares, paused for a volatility circuit breaker that was supposed to last five minutes, failed to resume until about 50 mi...
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Circuit Breakers May Halt Facebook After $16 Billion IPO OpensSan Francisco ChronicleMay 18 (Bloomberg) -- Investors trading Facebook Inc. after its $16 billion initial public offering opens may have to navigate circuit breakers adopted after the crash...
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From John Kemp at Reuters on Monday (our emphasis): Hedge funds and other money managers reduced their long position in U.S. crude by the equivalent of nearly 54 million barrels of oil, the largest one-week decline since at least June 2006, according to data released by the U.S. Commodity Futures Trading Commission (CFTC) on...
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Recalls this week: Candle holders, lawn mowersSan Francisco Chronicle(05-04) 12:12 PDT , (AP) -- Tea light candle holders with the potential for a high flame and lawn mowers posing a crash hazard are among this week's recalled consumer products. He...
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Ohio Attorney General Mike DeWine will begin granting $75 million to local governments for the demolition of abandoned homes. The money comes from the $25 billion settlement with mortgage servicers approved in March. Ohio received $335 million in consumer relief, remediation to borrowers and funds directly to the state. More than 10,000 abandoned homes...
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Los Angeles TimesLehman Bros. pay report brings calls for reformLos Angeles TimesLawmakers and others say disclosure at financial institutions should be beefed up after report that 50 Lehman employees were awarded nearly $700 million in the year before...
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The supposed “de-leveraging” which the mainstream media boasted of was nothing but propaganda mythology. However, the new consumer debt which Americans have piled on since the beginning of 2010 is very, very real. And all the resulting U.S. auto-loan defaults, credit-card defaults, student-loan defaults, personal bankruptcies, and foreclosures in the months ahead will be...
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Most of the folks who were dead wrong for years after the market low in March 2009 (see chart at right) have quietly given up, but at least one analyst is still calling for stocks to crash through those financial-crisis lows.
United-ICAP senior te...
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Since Bloomberg refused to do this, I'll take the liberty of doing it for them. Shadowstats watchers know that U.S. inflation has been hovering close to 10% all this year. Therefore, to engage in a meaningful comparison of Black Friday 2011 with Black ...
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Last week, the market wrapped up its worst Thanksgiving week since 1932, losing almost 5%, as I opined would happen the week before.
There's been no material change in the counts since Friday. The bounce on Friday...
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As predicted, Wednesday's normally seasonally-bullish session turned into a big red candle. That in itself should tell us something about this market, as that marks only the second time in ten years that the Wednesday before Thanksgiving&nbs...
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The cash market overshot a 2 day cycle projection of 1196 in the late going yesterday and even though it pulled back in the closing moments, 2 and 5 day cycle indicators remained on the buy side. The S&P futures pushed a little higher overnight in Asia, reaching the declining 5 day cycle centerline,...
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So far, the market has lived up to my prediction of a waterfall decline, and now everyone wants to know if it's going to continue. Today we're going to take a look at a few things and try to answer that.
First of all, it helps to know what a waterfal...
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So far, the market has lived up to my prediction of a waterfall decline, and now everyone wants to know if it's going to continue. Today we're going to take a look at a few things and try to answer that.
First of all, it helps to know ...
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We left the cash market Friday with the 2 day cycle just starting to roll over as they headed for the closing bell. An initial 2 day cycle projection pointed to 1205 which was smashed in the futures overnight. The futures have come off a low of 1192 slightly. The cash open will be...
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I believe this initial crash wave could move a lot faster than most are expecting.
Before going further, let me first state that I continue to be quite bearish both long-term and short-term. The question I'm trying to answer now is whe...
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The crash wave I've been expecting for a week appears to have finally begun. The markets showed some strong downside in the last two sessions, and did what they needed to in order to fulfill the expectations of the crash count...
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An array of evidence suggests that a crash in equities might be just ahead.
I know, I know, retail sales are up so everything's wunnerful, but the captain of Global Equities Flight 2011 just instructed the passengers to assume crash positions. I...
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Yesterday gave us nothing in the way of meaningful price data. In a range-bound market, a day that stays well within that range doesn't help much. So the crash count is still out there -- but the market has really moved no cl...
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While the crash wave setup remains "as good as it gets," the market has thus far stayed above the key levels I've outlined previously (1215 and 1190) which could actually spark a crash. After Friday's rally, the market is...
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There's been no material change in the counts since yesterday's update, however, I have narrowed down some possibilities for the current retracement rally.
(If you're new to the discussion, or to Elliott Wave Theory, it would&nbs...
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On Tuesday, my readers and I were pretty much all alone, looking for a top. How things can change in a day! All the sudden, the masses seem to be waking up from the drunken euphoria of Wave (2) and realizing the world doesn't lo...
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The megaphone pattern in the U.S. stock market typically presages a major decline or full-blown crash.
Market observers have long noted that increasing volatility presages market crashes. If you glance at a chart of September-October 1929, just b...
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Dr. Marc Faber suggests Gold could fall as low as $1,100. (See link.) I'm more in line with the other value target-price mentioned here: $1,400.
http://www.cnbc.com/id/44667027
In an email to clients on 8/22/11, I stated my strong hunch for Au's -25% ...
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http://megaswf.com/file/1171818
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http://megaswf.com/file/1171430
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SPX and INDU Updates: It’s Painfully Obvious What’s Going to Happen Next… or is it?
The very short-term charts are still a mess. Some personalities feel that an analyst should be able to have a strong opinion on the market at all times -- unfortunately, out here in the real world, that's simply not realistic...
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