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1.6.2016 - Financial Intelligence Report Bookmark

The Gloves Come off

I mentioned over the weekend that I was going to get a lot more brutal in expressing just exactly what we as US citizens are facing from our Government, our markets and our politicians. I’ve been writing about these things for over 20 years now and have always tried to maintain some form of civility and keeping to the straight and narrow. Any time a topic seemed to be “too  much for folks to handle” I sort of danced around it. No more. The gloves are off.

There’s all sorts of psycho babble about normalcy bias and all that jazz, but lets cut to the chase. The Average hard working person simply wants to live his life in peace, be fairly kind to his friends and neighbors, raise his 2.4 kids, get the plastic picket fence, the dog, and enjoy life. In doing so, he tries to be a good person, and thus can’t really believe that truly evil people would screw him and his mother for a nickel. He finds it hard to believe that the Federal Reserve for instance would be criminal. Or that Wall Street is rigged. Then he sees a movie like  “The Big Short” ( which I suggest you ALL see!) and finally realizes “holy crap, we were swindled!”.  Ya think?

1.2.2016 - Financial Intelligence Report Bookmark

The Start of The End

Hello all, and welcome to 2016.  If you thought 2015 was weird, just wait as “you ain’t seen nothin’ yet”   So first off, let’s just take a walk down memory lane and hit on a few things that 2015 brought us.

2015 was a year fraught with firsts. In it we saw the first rate hike in a decade. We saw the IMF”s reserve basket called the SDR change for the first time in decades as China was admitted into the club. It was the first year ending in a 5 that wasn’t positive. It was the first time in a Presidents 3rd year that we weren’t positive. It was the first time Russia asserted herself in Syria. It was the first time a President uttered the word “transgender” in a State of the Union address.

2.9.2016 - Insiders Club Bookmark

2.9.2016

Hello everyone, welcome to another day of "as the world churns"

Last night Europe got rocked hard. That was after Japan got rocked hard.

So what's the issue? Well the problem is that there's a lot of worry that some of the biggest banks, especially Deutsche bank, could be on the verge of failing. And, because all the banking is interconnected, everyone's trying to figure out what kind of "contagion" would occur if a bank that big failed. All across Europe risk spreads are blowing out, as that very contagion fear sweeps the continent.  Spain, Italy, Portugal are all experiencing credit issues, and with Draghi talking about doing "all it takes" they're worried about negative rates making things even worse.

2.8.2016 - Insiders Club Bookmark

2.8.2016

Good morning all, welcome to the new week. I hope that the "team you liked" won the Superbowl last night.  I am not a serious sports fan by any means, but I do enjoy watching a good game between any combatants. I can just as easily watch the last few holes of a golf tournament, as I can a good soccer game. But I'm one of those "weird" people that doesn't fit the fan mentality.  However that said....I was on Denver's side last night as I hoped Payton would enjoy the win, and go out to retirement on top of the world. He's had quite a career.

2.5.2016 - Insiders Club Bookmark

2.5.2016

Hello everyone, we've made it to Friday. It seems like I could say "and what a week it's been!"  almost every week. The market is going through gyrations that are really quite astounding. When you see the DOW dip 200 points and then end the day up 200, that's a 400 point round trip. For many "decades" we wouldn't see 400 points up or down in a month. Now we do it daily.

2.4.2016 - Insiders Club Bookmark

2.4.2016

Good morning everyone, welcome to Thursday...

Yesterday was another trip into the bizarre. The DOW moved over 400 points on the day, as it dipped by almost 200 and then soared for 200 positive points.

Overnight things were mostly calm, and coming into this morning we saw the futures up modestly. At 6 am I think I saw the DOW up 40, the S&P up 4.

2.3.2016 - Insiders Club Bookmark

2.3.2016

Good morning all, welcome to Wednesday.

Before we dig into the business of the day, I have to make a mention to any of you music lovers out there. Last night the wife and I sat mesmerized yet again while watching the composer/musician Yanni and his Orchestra simply astound everyone with their musical talents.  Sarasota is an "artsy" town, and one of the main venues is the Van Wezel performint arts hall. An incredible amount of top flight performers visit this hall, and put on tremendous shows.  Seating only 1,700 people there's not a bad seat in the house, and it's a great place to see any performance.  Yanni kicked off his US tour there last night.

2.2.2016 - Insiders Club Bookmark

2.2.2016

Good morning all, welcome to another day....

Yesterday my theme was that the market would try and end "flattish" which was actually a pretty rosy prediction. We had opened weak and at one point were down 166 DOW points. Even in the afternoon update we were still down about 80. But I had a hunch they'd try and work us back to the flat line, and they did. Little by little we kept moving higher and by 3:15 we poked into green on the DOW, the S&P and the NASDAQ.  By 3:30 we had 30 DOW points and 4 on the S&P, but in the last few moments they faded off a bit, and we went out with the DOW down about 17 and the S&P off about 1.  That's pretty darned flat.

2.1.2016 - Insiders Club Bookmark

2.1.2016

Good morning all, welcome back from your weekend. We trust it was a great one for you all.  Ours was indeed quite a bit of fun as Saturday evening we enjoyed the company of some good friends. We had some great conversation, some darned good pizza, and enjoyed some UFC matches to boot. Then Sunday came and I got to enjoy one of those "internet" moments that I have enjoyed for so many years.

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