We've got a giant artificial wave of liquidity floating about which must come to an end. There's going to be an event that's going to happen which will end it all.
Stock Market News
This week David Skarica and I talked about the turning point that appears to be happening in the stock market.
I think it goes without saying that this app will bring a lot of "dumb money" into the stock market.
"Assuming the current bull market in the S&P 500 started in March 2009, this bull market is now six years old, making it the longest bull market period in post war history."
Bubble girl talks to Marc Faber long enough to get him to say something a tiny bit positive about US big cap stocks.
Bulls are getting killed in this market and every day it seems a big name stock blows up. Today it is Intel gapping down 4% in pre-market.
Cramer said "buy buy buy right now" last night on his "Mad Money" TV show and his viewers loved him for it.
AA has broken all support and is now in a strong bear downtrend.
"In the same survey, the Wells Fargo/Gallup Investor and Retirement Optimism Index was up 21 points to +69. That is the highest for the index since 2007 and reflects investors' improved confidence in their own finances as well as in the economy."
Do not be fooled by the bottom callers. Oil drilling fracking companies are in deep trouble and today Bloomberg reports that one of them is on the verge of default.
David Skarica asks if Nasdaq 5000 spells market top.
People who do not lighten up though on their US stock market positions now probably never will.
An interview update on the stock market and gold I did for Howestreet.com and Jim Goddard.
Jeff Macke continues his countdown to Nasdaq 5000.
The bottom line is the latest stock-market record highs widely celebrated as a bullish omen are anything but. They merely returned the flagship S&P 500 back to levels seen 15 years earlier in real terms.
When all you do is put all your money in one market or watch solely one market then little tiny moves and gyrations become massively important to you.
FBN’s Charles Payne, Needham Growth Fund Co-Portfolio Manager Chris Retzler, Heritage Capital President Paul Schatz and Penn Financial Group founder Matt McCall respond to viewers’ questions about eBay, Zebra Technologies and stocks for first time investors.
"Soros, which manages almost $30 billion, moved about $2 billion into companies in..."
"Bill comments that we could easily see another 15-20% correction in the market but that the Fed will either hint at or, more likely, launch QE4, causing the market to quickly turn around."
On CNBC Robert Schiller issued a stark warning on US Treasury bonds as the CNBC "anchor" sat there in stunned silence and then tried to dismiss his warning.
In January the US stock market averages traded in a range and is now at the top of it. Is this a breakout or a bear trap?
"The leaders of Russia, Ukraine, Germany and France agreed on a cease-fire to stem the conflict that’s devastated eastern Ukraine and triggered the worst crisis in more than 20 years between Russia and its former Cold War foes."
"These buybacks drain trillions of dollars of windfall profits out of the real economy and into a paper-asset bubble, inflating share prices while producing nothing of tangible value."
The message from bankers is simple - we do not care about you, we do not care about the people of Greece, you will give us our money and if you die in the process so be it.
Tthe global economy is very fragile, any shock could send it into a major downturn as countries wage currency wars and oil markets are frightening.
Bloomberg reported yesterday that Bill Gates reduced his holdings in Microsoft to practically nothing over the past six weeks.
Yesterday the DOW rallied 300 points and oil went up 4%. Oil has fallen over 50% in the past six months, but this 4% up move has caused a lot of people to buy in hopes that it is the bottom.
Yesterday the DOW rallied almost 200 points to bring a wonder rally that encouraged the bulls to push all doubts out of their mind.
"I see the S&P 500 sitting right on support and I'm not too optimistic about it holding. In the big picture this consolidation is bullish but like laws and sausage, markets building a base can be a little hard to look at."