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Insiders Club - 12.12.2014 Bookmark

12.12.2014


If it wasn't so ridiculously tragic, it would all be funny. But it is tragic, and thus, cannot be truly funny. What am I talking about? Oh, just the entire Government-Wall Street connection that continues to make life wonderful for criminal bankers, while John Q Public gets CIA tortured.

The spending bill includes language that says the banks can now trade their derivatives through entities that are part and parcel of the FDIC programs. Obviously the result of that is the fact that if those very derivatives go "poof" in the night, the banks aren't on the hook... the FDIC, meaning YOU and ME  are on the hook.

Insiders Club - 12.5.2014 Bookmark

12.5.2014

Good morning all, welcome to Friday and the big jobs report.

Yesterday the market stumbled itself into a slightly red close, not able to muster the firepower to continue moving higher. then overnight the Japanese yen fell again to  insanely low levels and that got global markets fired up, as they continue to use the Yen as a carry trade for of course...creating more debt instruments.

Insiders Club - 12.3.2014 Bookmark

12.3.2014

Hello Everyone....

At 8 am the futures are statistically "flat" with the DOW down 2.

Yesterday we gained 102 points to a new all time high. Did I expect that? Nope. While I did figure they'd try and get us green after Monday's dip, I had no feeling that they'd get us "that green".

Insiders Club - 11.28.2014 Bookmark

11.28.2014


Good morning all, welcome back from your Thanksgiving feast. I had what I consider the perfect day, it was low key, filled with family and friends and we did a "whole lot of nothing" except chatting, eating and drinking. I wish it was more like the old pilgrim "days of thanks" because their's wasn't just one day, it was THREE!

But it's over now and we're back in the saddle. Remember folks the market is only open until 1 pm Eastern today. I'll probably be shut down an hour ahead of that.

11.21.2014 China Goes Full Stupid! Bookmark

Most people were debating the push by Obama to executive action a plan for illegal immigrants last night. But that paled in comparison to the news out of China. They came out and cut rates last night, suggesting that their economy needed a boost. Well that spread to Europe and Mario Draghi ran to the nearest microphone to scream that he too will be flooding the world with Euro's.

11.20.2014 Global PMI's Crash Bookmark

Last night the Purchasing managers across the globe put out their recent statistics. Well the PMI (index) missed estimates in China, Japan and most of Europe. I don't think that is a surprise to anyone that actually listens to what is really happening in economies around the world. 

Insiders Club - 11.17.2014 Bookmark

11.17.2014

Good morning all, welcome back from your weekend. I had a great time down in Scottsdale AZ, at the "Financial Fest" Investors show. We got to meet a lot of our readers and chat about all manner of topics. It is always fun to finally meet some of the folks that I chat with via Email, and I think a good time was had by all. I do wish we'd have had more time to explore the area as it looks like a really nice place, but of course time got in the way and we had to get back to "work". 

Insiders Club - 11.13.2014 Bookmark

11.13.2014

Hello everyone, welcome to Thursday.

Yesterday was a long grinding session of ...."sideways".  After a brief 60 point drop at the open, the market moved back to the unchanged level and wobbled around it for virtually the entire session. Coming into the last few minutes, they tried to make the averages green for the close, but they missed by a couple points.

11.12.2014 Red Futures? Bookmark

Red? Were those red futures I saw?  Is that even legal now? I almost had to do a double take when I saw them. Naturally I'm kidding around here, but it does show you the madness that is indeed our markets. We've gained 1700 points in like 18 sessions since the 10% dip. I don't know if that's a record gain, I haven't checked...but it's certainly "too much too quick".

Insiders Club - 11.12.2014 Bookmark

11.12.2014

Good morning all, welcome to Wednesday.

I almost had to do a double take this morning. Was that red futures I see? Sure enough they were. Wow, that's rarer than the proverbial "hens teeth" lately.

Granted we're certainly not red by that much, we've got the S&P red by 8 and the DOW red by 65. The question is, does it mean anything?  Well it could.

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