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9.29.2016 - Insiders Club Bookmark

9.29.2016

Hello everyone, welcome to a new day. Let's hope we through it without the hysterics of yesterday. That's going to be hard however, as today we have FIVE Fed heads spewing garbage again. I can't imagine why they want to continue on the speech trail when every time they say something it contradicts something that someone else is saying.

7.29.2016 - Insiders Club Bookmark

7.29.2016

Good morning all, we've made it to Friday and even this is somewhat different.....

Last night wrapped up the Democratic convention. I listened to Hillary's speech, and while I'm biased against her, I tried to keep a level head and listen for substance.  Nope, I didn't get any. At one point it appeared like her hubby Bill had actually fallen asleep. I can't blame him.

4.14.2016 - Insiders Club Bookmark

4.14.2016

Morning all, welcome to Thursday.

Yesterday got sort of stupid. JPM is blamed for being the catalyst to the almost 200 point gain, but frankly they were nothing more than an excuse that pushed us up over that 2075 level on the S&P. Once we saw that,  and then the Atlanta Fed HIKED their GDP estimates, it became a short covering frenzy.

2.26.2016 - Insiders Club Bookmark

2.26.2016

Good morning all, we've made it to Friday. 

It's been quite a week, no doubt.

Yesterday they "did it". They pushed the S&P up and over that sticky 1945 - 1950 level, which has been very stubborn resistance. If they can hang onto that breakout today, we should see this market push for 1975, and possibly overshoot that level, landing around the 1990 area.

1.29.2016 - Insiders Club Bookmark

1.29.2016

Morning all, we've made it to Friday in what is proving to be quite a bizarre week.

Last night Japan completely took everyone by surprise by announcing they were implementing NIRP.  What's NIRP?  Negative Interest Rate Policy.

11.3.2015 - Insiders Club Bookmark

11.3.2015

Hello everyone, welcome to 1999.  It must be 1999 right? It has to be. In 1999 companies with nothing more than a one page business plan were gaining 20 and 30 dollars per share per day. It didn't matter that there was absolutely no way for them to make money, it was a "new paradigm".

Well it must be a "Newer new paradigm" this year. Yesterday as the DOW was up 150 points at 3 pm, and the S&P had cracked above 2100 for the first time in months, the Atlanta FED's put out their 4th quarter GDP estimate. The LOWERED it from 2.4% to 1.9%.   Then we learned that 35% of all millennials in California live with their parents.

Insiders Club - 7.30.2015 Bookmark

7.30.2015

Hello everyone, welcome to Thursday...

Insiders Club - 5.29.2015 Bookmark

5.29.2015

Good morning all, we've made it to Friday. 

4.29.2015 Financial Intelligence Report Bookmark

How’s That Workin?

The all seeing, all knowing grand poobah’s which we affectionately call the Federal Reserve; have told us for years that they, and ONLY they know how to steer an economy to prosperity.  Over the years they’ve hiked interest rates, cut interest rates, printed money, bought back Treasuries, “twisted”, QE’d and God only knows what else. So, how’d they do?

3.4.2015 Financial Intelligence Report Bookmark

We need Hookers in the GDP

I don’t mean hidden sleight of hand. I don’t mean “ringers” or other fake data. What I’m talking about is actual hookers…prostitutes. But not only prostitutes, we’re talking crack cocaine, powder cocaine, heroin, cannabis, ecstasy and amphetamines. Why? Because these are the things that are now included in Italy’s GDP reporting.

I know you think I’m making this up, but I’m not. A few years back virtually every nation decided to change the way they measure GDP so that they could make things look better. Here in the states they changed the rules to include such mundane things as research and development, old TV show reruns, Artistic originals including books, movies, TV shows, music, photographs and greeting cards — yes, greeting cards.

I’m not being militant here. I understand the idea behind some of these moves. For instance take a movie like Star Wars. When it was first released, they hoped it would be something special and make a splash at the box office. Well it did and that should figure into the GDP for a nation because indeed money was spent both to make it and to see it. But who would have known that it would grow into multiple billions of dollars in revenues over the years as it became somewhat of a cult following?  Are we to ignore the billions spent on Star wars clothes, toys, spin off’s etc? No and we shouldn’t.

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