An interview update on the stock market and gold I did for Howestreet.com and Jim Goddard.
Stock Market News
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."
We both believe that the stock market is likely to decline in February and have trading ideas on how to profit from this. There are also opportunities on the long-side outside traditional US stocks we discuss in this video.
Apple has Billions in Cash. Is That a Problem?
The reality is that the big reason why MSFT fell so much is that it is overvalued and everyone is already in it.
After weeks of falling oil prices Cramer finally realizes that the American fracking industry has been screwed by Saudis.
"This is the most new advertisers since the dot-com Super Bowl of 2000."
The problem with the elites running the United States isn't that they are elites, but that they are nihilist and have no direction they are taking things.
"That's not a green light to buy high spec names but it's a flashing yellow for more aggressive traders."
"The richest 1 percent have seen their share of global wealth increase from 44 percent in 2009 to 48 percent in 2014 and at this rate will be more than 50 percent in 2016."
"In an article in Fortune last month, Brown commented on the growing boom in “nonpurpose loans” that Wall Street is proffering to wealthy clients who have large portfolios of stocks and bonds that serve as collateral for the borrowing."
Swiss bank move is a smart move for it, but it makes Cramer angry so he attacks anyway.
This one-year chart basically says it all.