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8.31.2017 Bookmark

8.31.2017

Hello all, welcome to the market that can not die. Or so it seems. 

On the 8th of August we saw the S&P put in a closing high of 2480.  Then we plunged, bounced, plunged further and bounced. 

It looked for all intents that we were in the beginning stages of stair stepping lower. A controlled take down.

8.30.2017 Bookmark

8.30.2017

Hello everyone, welcome to hump day.  

Yesterday they wanted to put on the show of bravado, and pull the market back up from its 'north korea" missile dip. Well, they did it just as we figured they might. In fact, not only did they pull the DOW up from a 100 point loss, they tacked on another almost 60 green points. It was all great theatre, and  kept the bull dreams alive.

8.29.2017 Bookmark

8.29.2017

Good morning all...

Well things have definitely gotten more interesting. After the close yesterday, news reports started crossing the wires suggesting that North Korea had fired a missile that was headed towards Japanese air space, and that eventually broke into 3 parts, falling into the water. 

8.28.2017 Corrected Bookmark

8.28.2017

Good morning all, welcome back from the weekend. 

For all you fine people down along the Texas/LA coast, our hearts and prayers go out to you all. I know what you're going through, I've been through it and it isn't pleasant.  God Bless. 

8.28.2017 Bookmark

8.28.2017

Good morning all, welcome back from the weekend. 

For all you fine people down along the Texas/LA coast, our hearts and prayers go out to you all. I know what you're going through, I've been through it and it isn't pleasant.  God Bless. 

8.27.2017 - Free Investment Newsletter Bookmark

Statues of Hate?
 
With all the Madness going on across the country concerning the tearing down of Confederate statues, my goal for today was to show you that slavery was NOT, not even by a small margin, the reason behind the Civil war.

But maybe as luck might have it, there’s no sense in re-inventing the wheel, and Paul Craig Roberts did a pretty good article about that very topic recently. So I’m stealing it.  Some of the highlighted or bolded areas, I did. All Credit goes to Roberts:
 

8.25.2017 Bookmark

8.25.2017

Hello all, it's yet another Friday.  I don't know how they can appear so quickly, but indeed this one has already arrived. 

Yesterday, there was no bounce, but there wasn't any real washout either. When the final bell rang, we had the DOW off 28 and the S&P down 5.  I think they're all focused on Jackson Hole and all the big movers and shakers that are speaking there. 

8.24.2017 Bookmark

8.24.2017

I wonder what happened?  

After the close yesterday, the after market trading saw the S&P continue to fall. The SPY, which trades as the proxy for the S&P was down another entire dollar per share from the close.  When after hours trading ended, the SPY was at the dead low of the day. 

Free Investing Newsletter Bookmark

Good evening all, welcome to this edition of the free investment newsletter. Today we're talking about Norway and their enormous sovereign wealth fund, and the fact that they've been directed to increase their stock holdings to a whopping 70% of their holdings. 

Think about that for a minute. When you buy a stock, you're worried about the price, the "value" the P/E, etc. When these guys buy this is what they say, and I quote " We don’t have any views on whether the market is priced high or low, whether bonds and stocks are expensive or cheap,” he said in an interview after presenting second-quarter returns in Oslo on Tuesday.

 

Well there you have it. This guys going to be buying 275 million a day in stocks, and he couldn't care less if the stocks are overpriced or not. Unreal.  

 

Then in the market section, we talk about the "levels" we'd need to see to continue thinking we have more highs coming. We put out the specific numbers we're watching.  Give it a read, it's valuable stuff. 

8.23.2017 - Free Investment Newsletter Bookmark

Norway did it,
 
I’ve been telling you all;  about the Central banks of the world buying up stocks and propping the markets up. Hell, the Swiss National Bank owns more Facebook than Zuckerburg does.  Well, on the heels of all that, we also have to consider the sovereign wealth funds that are also heavily into buying stocks.

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