Last year only a few stocks went up by the end of the year to lift the averages up. Now it seems only a few companies are even generating the bulk of profits.
Luxury retail stores now face not only competition from the internet but fewer customers interested in spending big books on shiny objects.
February's US manufacturing data showed another monthly shrink!
"For yet another quarter, American companies have taken a hit on their bottom lines."
Remember all of those zero rate loans and government help loans for GM and other big auto companies? Well look out now.
The oil recession is turning into a disaster for Texas.
It's a debt disaster and now that retail sales are faltering it is being forced to cut costs.
The groundhog did it. It saw its shadow to predict an early spring.
"At least 432,000 people dropped out of the labor force, pushing the unemployment rate two-tenths of a percentage point lower to 5.3 percent, the lowest since April 2008."
"...it would close a quarter of Gap specialty stores in North America over the next few years."
McDonald's will stop reporting monthly sales data Bloomberg reports...
“Well, the idea that America is in the midst of a great recovery is pure fiction. It’s a lie."
"Analysts predict Standard & Poor’s 500 Index profits are going to decrease for three straight quarters. Investors better hope they don’t."
The percentage of households considered middle class shrunk nationwide between 2000 and 2013, a state-by-state analysis by Pew Charitable Trusts' Stateline news site found.
Americans have now added record credit card.
CNBC reports that national retailer Target is laying off thousands of workers.
Alan Greenspan sees no recovery or signs of coming boom in this economy.
No matter what the numbers are they are a total lie.
"Charles Evans said Wednesday the U.S. might not hit the Fed’s target inflation rate until 2018 and he doesn’t advocate raising interest rates until 2016."
This is Cramer in the clip above last night saying to ignore the drop because "things are awesome!"
"What if a profound economic downturn occurred and the federal government basically ignored it?"
"Sales during the four-day Thanksgiving holiday period crashed by a whopping 11% from $57.4 billion to $50.9 billion, confirming what everyone but the Fed knows by now: the US middle class is being obliterated..."
The market averages are set to gap down on the open. Maybe finally we can get big enough selling today that can lead to a panic bottom end to this drop that began a few weeks ago.
Total credit and GDP: rapidly increasing credit has a diminishing return as measured by GDP growth.
It now costs 1.6 cents to produce each US one cent coin due to the high price of zinc, which makes up 97% of each coin.
Art Cashin talks on CNBC about Janet Yellen and her speech today in which she said absolutely nothing.
Way too many people are bullish now on the stock market again and talk as if it is going to just go up forever. When margin players and lunatics buy at the end of rallies big drops come.
Sheldon Richman discusses the incredible staying-power of Keynesian economics despite its fundamental flaws.
The United States and the American people are crying out for sane fiscal policies. But Washington DC and BOTH political parties do nothing for them.
People often get upset when I doubt that the US stock market will just go up forever.