stock market



Has The Market Trend Shifted From Bull To Bear?

Why the recent volatility may mark a secular shift
Friday, October 23, 2015, 3:12 PM

Emotions are running high for the investment community in the wake of recent market volatility. Up until August, we had been in the third longest period in market history without a 10% correction. Since then, stock indices sold off hard, only to bounce once again over the past two weeks of trading.

And certainly the truth is….No one knows. Especially in today’s world where global central banks can concoct further QE/monetary schemes at the drop of a hat.  Let’s face it, at this point the global central banks are all in. In fact, beyond all in. Without question, the US Fed knows that if equities fall, they lose the high end consumer. (Wal-Mart shoppers have already long been lost)  » Read more


Anthony Aneese Totah Jr |

Buckle Up, The Ride Is Going To Get Wilder

High probability of greater market turmoil ahead
Tuesday, September 1, 2015, 4:01 PM

The recent stock market and financial turbulence is going to get worse -- possibly a lot worse. This will be true even in the 'core' countries (US, Europe, Japan), while peripheral countries are suffering unusual levels of turmoil.

It’s nothing personal. This is simply how things were always destined to end. » Read more



Here's Why The Markets Have Suddenly Become So Turbulent

A perfect storm of failing trends
Friday, August 28, 2015, 1:28 PM

When stock markets are free-falling 10+% in a matter of days, it’s natural to seek some answers to the question “why now?” » Read more



What The Heck Just Happened?!?

Prepare for more bruising days ahead in the markets
Monday, August 24, 2015, 11:37 PM

Okay... time to take a deep breath.

Today was an historic market day.  First for the computer driven plunge that was seemingly unstoppable, and then for the heroic rescue that at one point brought the whole mess back to green (Nasdaq) or close to it (S&P and Dow). » Read more


Making Sense Of The Sudden Market Plunge

Are you prepared for further turmoil?
Friday, August 21, 2015, 9:13 PM

The global deflationary wave we have been tracking since last fall is picking up steam.  This is the natural and unavoidable aftereffect of a global liquidity bubble brought to you courtesy of the world’s main central banks.  What goes up must come down -- and that's especially true for the world's many poorly-constructed financial bubbles, built out of nothing more than gauzy narratives and inflated with hopium.

What this means is that the traditional summer lull in financial markets has turned August into an unusually active and interesting month. August, it appears, is the new October. » Read more



Off The Cuff: Suddenly Queasy Markets Everywhere

Downside risk is flaring in China, Europe & the US
Thursday, July 2, 2015, 5:28 PM

In this week's Off The Cuff podcast, Chris and Charles Hugh Smith discuss:

  • Queasy Markets
    • Deflationary forces appear to have gained the upper hand
  • Big Trouble In Not-Little China
    • Suddenly, its stock and real estate markets are in violent correction
  • Greece And The Future Of Europe
    • Who is going to take the losses of a Grexit?
  • The Path To Collapse
    • Is Greece giving the rest of us a preview of what to expect?

Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today. » Read more


Jim Rogers: Turmoil Is Coming

Predictions on the markets, gold, Greece & more
Saturday, June 20, 2015, 12:11 PM

Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week's podcast, Jim shares his rational for predicting:

  • increased wealth confiscation by the central planners
  • a pending major financial market collapse
  • gold's return as the preferred safe haven investment
  • more oil price weakness, followed by a trend reversal
  • Russia's rebound
  • a China bubble reckoning
  • agriculture's long-term value

Konstantin Sutyagin/Shutterstock

4 Factors Signaling Volatility Will Return With A Vengeance

Buckle up. It's going to get bumpy.
Wednesday, May 20, 2015, 8:43 AM

No one could have predicted the sheer scope of global monetary policy bolstering the private banking and trading system. Yet, here we were - ensconced in the seventh year of capital markets being buoyed by coordinated government and central bank strategies. It’s Keynesianism for Wall Street.

The unprecedented nature of this international effort has provided an illusion of stability, albeit reliant on artificial stimulus to the private sector in the form of cheap money, tempered currency rates (except the dollar - so far) and multi-trillion dollar bond buying programs. It is the most expensive, blatant aid for major financial players ever conceived and executed. But the facade is fading. Even those sustaining this madness, like the IMF, are issuing warnings about increasing volatility. » Read more



Investing In The Age Of Anomalies

More important than ever to follow the flows of capital
Wednesday, February 25, 2015, 9:06 AM

Executive Summary

  • Will global capital continue to push US stocks higher, despite their stretched valuations?
  • Global capital is becoming more cautious
  • S&P outperforming as capital seeks the safety of "blue chip" companies
  • Investing in the age of anomalies

If you have not yet read Part 1: Time To Toss The Playbook available free to all readers, please click here to read it first.

This leads us to equities and, again, this very important concept of being flexible in thinking and behavior. Historically, valuation metrics have been very important in stock investing. Not just levels of earnings and cash flow growth, but the “multiple” of earnings and cash flow growth investors have been willing to pay to own individual stocks. This has been expressed in valuation metrics such as price-to-earnings, price relative to book value, cash flow, etc. To the point, in the current market environment, common stock valuation metrics are stretched relative to historical context.

In the past we have looked at indicators like total stock market capitalization relative to GDP. The market capitalization of a stock is nothing more than its shares outstanding multiplied by its current price. The indicator essentially shows us the value of stock market assets relative to the real economy. Warren Buffet has called this his favorite stock market indicator.

The message is clear. By this valuation metric, only the... » Read more


Blueximages |

First The Fall...

A Special Report: Deflation is here
Tuesday, February 24, 2015, 12:41 AM

One of the models of the future that I favor is the Ka-Poom theory put out by Erik Jansen of back in 1999.

Basically it states that the end of a bubble era begins with a sharp deflationary event (the ‘Ka’ part of the title), but ends in a highly inflationary blow-off, (the ‘Poom’).

It’s a one-two punch. Down then up. » Read more