Over the last few weeks the Market has rallied from its summer lows. The question on everyone’s mind right now is, could this really be a breakout Bullish run to the end of the year or is this just another Bear Market rally. Every time the Market gets ahead, it takes a giant step backward. Right now it is hard to make the call. (more…)
Archive for the ‘Futures Market Commentary’ Category
For those of you unfamiliar with trading Futures, let’s get you acquainted. Even those of you seasoned professionals, hold on … you may just hear something new. (more…)
All the efforts made to enact the Dodd-Frank bill last year are being undermined by the Republicans this year. But the pieces of the legislation they want to repeal are the exact problems that caused hundreds of thousands of small investors to be scammed in 2008. (more…)
The Dow has not dipped below its 50 day moving average due to the Japanese earthquake disaster.
Since its high in February at 12,400, the Dow has continued to drop down. (more…)
Securities and Exchange Commission (SEC) went ahead with its insider trading case against Rajat Gupta. Why? Because of his status as a sitting board member on several public companies. (more…)
Full story here from Bloomberg.
It was only last April that Bank of America Corp. was making fools out of the doomsayers who had called for its nationalization a year earlier. Taxpayers had gotten their bailout cash back. Investors who bought its shares at the bottom were making a killing. Government leaders lauded the company’s rescues, both of them, as a great success.
Now the bank may be on the verge of trouble again. Its stock has fallen 41 percent since April 15. Mortgage-bond investors are demanding untold billions of dollars in refunds. The foreclosure fiasco is metastasizing. A member of the Troubled Asset Relief Program’s oversight panel, AFL-CIO attorney Damon Silvers, openly worried at a hearing last week about the risk that Bank of America might need another bailout. (more…)
Full story here from Jim Rickards. Of course, the Fed is already morally bankrupt and acting like a bunch of clown-ass gangstas. What will really be the pants-downer moment that makes all the sheeple realize what’s happening? Janis Joplin has the answer.
Disasters sometimes sneak up in small steps, each of which appears unthreatening at the time but which cumulatively spell collapse. The Fed is leading the United States to ruin in ways that are claimed to be well intentioned and benign viewed in isolation but which take us finally into a locked room reminiscent of the Sartre play “No Exit.” (more…)
Full story here from ZeroHedge.
As economists such as William Black and James Galbraith have repeatedly said, we cannot solve the economic crisis unless we throw the criminals who committed fraud in jail.
And Nobel prize winning economist George Akerlof has demonstrated that failure to punish white collar criminals – and instead bailing them out- creates incentives for more economic crimes and further destruction of the economy in the future. See this, this and this. (more…)