Tag Archives: earnings

  • Blog

    The Bull(y) Rally

    Something unnatural is going on
    by Adam Taggart

    Sunday, April 14, 2019, 3:00 PM


    “A bully is always a coward.”

    ~ Thomas Chandler Haliburton

    The current market rally is like a playground bully; shoving to the ground anyone in its path.

    But like all bullies, the braggadocio belies an underlying cowardice.

    Those in charge of the status quo must be absolutely terrified to resort to the unnatural lengths they are going to right now to keep the current rally intact.

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  • Insider

    Off The Cuff: A Brightening Future For Gold?

    It's finally breaking out of its consolidation phase
    by Adam Taggart

    Friday, February 1, 2019, 3:23 PM


    In this week's Off The Cuff podcast, Chris and Mike “Mish” Shedlock discuss:

    • The Complete Sham of Corporate “Earnings”
      • Now an art of putting lipstick on a pig
    • The Growing Revolt
      • Everywhere you look, the Establishement is being increasingly questioned
    • The Empire Digs In
      • More, and more secretive, measures are being past to protect its advantage
    • A Brightening Future For Gold?
      • It is finally breaking out of its consolidation phase?

    The price of gold has long been in a consolidation phase, and it now seems to breaking out to the upside. There are both fundamental and market-driven reasons for this.

    On the fundamental end, supply is becoming a real issue. And with the Powell Fed completely caving to the markets, expectations of a more 'dovish' Fed policy going forward is also adding wind to gold's sails.

    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio as well as all of PeakProsperity.com's other premium content.

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  • Blog

    A Murderous Complacency

    Dark omens are circling everywhere in today's markets
    by Adam Taggart

    Friday, February 3, 2017, 9:38 PM


    Running PeakProsperity.com requires me to read and process a lot of data on a daily basis. As it's hard to digest it all in real-time, I keep a running list of charts, tables and articles that catch my attention, to return to when I have the time to give them my full attention.

    Lately, that list has been getting quite long. And it's largely full of indicators that concern me, signals that the long era of "extend and pretend" in today's markets may finally be at its terminus.

    Like crows circling overhead, everyday brings with it new worrisome statistics that portend an ill change ahead. Indeed, these signs are increasing so quickly now that it's hard not to feel like Tippi Hedren in Hitchcock's classic The Birds.

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  • Insider
    George Tsartsianidis | Dreamstime.com

    Off The Cuff: Elusive Earnings

    Profits vanish as as the next recession encroaches
    by Adam Taggart

    Wednesday, May 4, 2016, 2:55 PM


    In this week's Off The Cuff podcast, Chris and John Rubino discuss:

    • Elusive Earnings
      • Corporate profits are vaporizing across all sectors
    • Non-GAAP Crap
      • Companies are increasingly contorting their books to look more solvent than they are
    • The Ramifications Of Distorting Price Signals
      • Malinvestment the world 'round
    • Inflate Or Die
      • Why helicopter money is coming
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  • Blog

    The Good News In All The Bad Data

    A rare convergence of confidence in future developments
    by Adam Taggart

    Friday, June 13, 2014, 5:14 AM


    Today's financial markets make a mockery out of sanity and logic. The difference between what SHOULD happen and what IS happening is perhaps the greatest it has been in our investing lifetimes.

    If you're perplexed, flummoxed, frustrated, stymied, enraged, bored, irritated, insulted, discouraged — any or all of these — by the ever-higher blind grinding of asset prices over the past several years, despite so many structural reasons for concern, you have good reason to be.

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  • Insider

    Peak Cheap Oil Rears Its Head

    Oil majors throw in the towel
    by Chris Martenson

    Tuesday, March 25, 2014, 12:31 AM


    This is a critical update on the Peak Cheap Oil front. 

    Yes, I am talking about that tired old concept that was allegedly slain by American drilling ingenuity. It's back in the news… if you know where to look.

    I remain steadfastly interested in the oil outlook because everything, and I do mean everything, in our exponential monetary and associated economic system is hinged upon there being more cheap oil next year than last.

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  • Insider
    Gunnar3000 | Dreamstime.com

    The Time For Shorting the Market Is Approaching

    The dashboard of warning signals is getting bright
    by Chris Martenson

    Thursday, February 27, 2014, 12:55 AM


    Executive Summary

    • Why stocks may average 0% return (!) for the next decade
    • The depressing data in
      • Retail sales
      • Housing
      • Manufacturing
      • Consumer confidence
    • Why the time to short the market is looking near

    If you have not yet read The Stock Market's Shaky Foundation, available free to all readers, please click here to read it first.

    To be sure, there is one piece of fundamental information that has supported equity prices; and that’s corporate earnings.

    Those have vaulted to new highs, despite the weak economic recovery, on the back of ultra-cheap borrowing (which reduces interest costs which are deducted from earnings), government deficit spending, and low household savings:

    While the parabolic rise in corporate earnings is quite impressive, they are also historically unprecedented and certainly unsustainable. 

    When we look at the same chart seen above but on a percent change yr/yr basis we see that they have been slowing down remarkably and aren't that far above the zero mark…

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  • Insider

    Here We Go (Again)

    We've seen this movie before
    by Chris Martenson

    Tuesday, January 7, 2014, 6:12 AM


    One of the things I am fond of pointing out is that it seems like nobody in high finance or the central banks learned anything from the great crisis of 2008.  The very same excesses that created the prior crises are being committed again.

    I know…maybe this time it will turn out differently.

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  • Blog
    Allan Henderson | flickr Creative Commons

    Our “As You Wish” Markets Have Reached the Cliffs of Insanity

    Next stop: the Pit of Despair?
    by Adam Taggart

    Friday, July 19, 2013, 4:41 PM


    In the classic fantasy rom-com The Princess Bride, the beautiful maid Buttercup orders the farm boy Westley to perform numerous tasks to test his servitude. No matter the magnitude of the request, Westley simply answers "As you wish" and makes it so. Buttercup eventually comes to view Wesley with similar devotion, and true love is born.

    Similarly, investors have fallen back in love with the capital markets, whose continual response their increasingly irrational hopes has been "As you wish."

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  • Insider
    © Skypixel | Dreamstime.com

    Off the Cuff: Cognitive Dissonance

    These are trying times for the prudent
    by Adam Taggart

    Wednesday, April 3, 2013, 7:23 PM



    In this week's Off the Cuff podcast, Chris and Mish discuss:

    • Europe Worsens
      • Even Germany is showing signs of weakness now
    • David Stockman
      • Everyone's trying to shoot the messenger
    • Cognitive Dissonance
      • It feels like we're taking crazy pills
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