The Dow Falls 274 Points As ‘Eclipse Fever’ Hits The Financial Markets

FYI.

–  The Dow Falls 274 Points As ‘Eclipse Fever’ Hits The Financial Markets:

Have we now entered a time of major financial shaking?  On Thursday, the Dow Jones Industrial Average was down 274 points.  The was the largest decline for the Dow since May, and high yield bonds were down dramatically as well.  Many are blaming the terror attack in Barcelona and “instability in the White House” for the downturn, but could “eclipse fever” also be a factor?  The closer that we get to the solar eclipse on August 21st, the weirder people seem to be getting.  You will see what I am talking about below.

But first let’s talk about the financial markets.  I have been warning that stocks are massively overvalued for quite a while now, and it turns out that the Federal Reserve very much agrees with me

Read more

One Trader Scoffs “Finally, A Market Where It’s Easy To Get Rich”

One Trader Scoffs “Finally, A Market Where It’s Easy To Get Rich”:

“…nothing matters except technical levels…the market is completely divorced from whatever is going on…”

*****

Nothing matters, until it does …

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

“It Won’t Be Long Now” – David Stockman Warns “Amazon Is The New Tech Crash”

“It Won’t Be Long Now” – David Stockman Warns “Amazon Is The New Tech Crash”:

The Amazon business model is fatally flawed. It’s only a matter of the precise catalyst that will trigger the realization in the casino that this is another case of the proverbial naked emperor… I do not think AMZN is a freakish outlier. It’s actually the lens through which the entire stock market should be viewed because the whole enchilada is now in the grips of a pure mania.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Trump Tweets Dow 22,000 Today: Embraces Big, Fat, Ugly Bubble

Change we can believe in!

Oh, wait… it’s now called: Make America great again!

Trump Tweets Dow 22,000 Today: Embraces Big, Fat, Ugly Bubble:

Having dismissed the “big, fat, ugly bubble” during his campaign, President Trump seems more than willing – in his apparently desperate search for a win – to embrace the bubble now. Continuing the trend over the weekend, Trump’s first tweet of the morning crows of his massive market gains since election…

Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!

— Donald J. Trump (@realDonaldTrump) August 1, 2017

We tend to agree with Peter Schiff on this – it’s a mistake for Trump to ‘own’ the stock market’s gains

Read more

Schwab: “New Accounts Are At Levels We Have Not Seen Since The Dot Com Bubble” As Millennials Rush Into Stocks

Schwab: “New Accounts Are At Levels We Have Not Seen Since The Dot Com Bubble” As Millennials Rush Into Stocks:

 We can now officially close the book on the “cash on the sidelines.”

One week ago, we reported that in the latest weekly survey of Bank of America high net worth clients, the cash allocation had fallen to an all time low of just 10.4%, below the previous record low of 11% in April 2007 as everyone is “forced” to dance in this market, in which the music is still playing.

Now, in a separate confirmation of what Deutsche Bank recently classified as market “froth”, Jonathan Tepper points out that the stock euphoria has finally spread to the retail investor.

Read more

A Mystery Investor Has Made A 262 Million Dollar Bet That The Stock Market Will Crash By October

A Mystery Investor Has Made A 262 Million Dollar Bet That The Stock Market Will Crash By October:

One mystery trader has made an extremely large bet that the stock market is going to crash by October, and if he is right he could potentially make up to 262 million dollars on the deal.  Fortunes were made and lost during the great financial crisis of 2008, and the same thing will happen again the next time we see a major stock market crash.  But will that stock market crash take place before 2017 is over?  Without a doubt, we are in the midst of one of the largest stock market bubbles in U.S. history, and many prominent investors are loudly warning of an imminent stock market collapse.  It doesn’t take a genius to see that this stock market bubble is going to end very badly just like all of the other stock market bubbles throughout history have, but if you could know the precise timing that it will end you could set yourself up financially for the rest of your life.

I want to be very clear about the fact that I do not know what will or will not happen by the end of October.  But one mystery investor is extremely convinced that market volatility is going to increase over the next few months, and if he is correct he will make an astounding amount of money.  According to Business Insider, the following is how the trade was set up…

Read more

Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN “Crashes” 87% After-Hours

Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN “Crashes” 87% After-Hours:

Nasdaq has issued a market-wide trading halt amid what appears to be a “glitch” that sent a number of the largest Nasdaq-listed stocks to crash or spike to exactly $123.47 per share. This move crashed the value of companies including Amazon and Apple, sparked chaos in Microsoft, while sending Zynga rocketing up more than 3000%.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Steve St. Angelo: Prepare For Asset Price Declines Of 50-75% (Video)

Steve St. Angelo: Prepare For Asset Price Declines Of 50-75%:

Any sense of prosperity in today’s economy is based on a falsehood, claims Steve St. Angelo, proprietor of the SRSrocco Report website.

Like we here at PeakProsperity.com, Steve is a student of energy. He shares our worldview that net energy per capita has been in steady decline, and a result, future growth will be limited. Also like us, he notes that the “growth” seen over the past several decades hasn’t been due to surplus net energy (which makes being able to do more possible). Instead, it has been fueled by debt  — which essentially steals prosperity from the future and consumes it today.

Any third-grader with a crayon can quickly tell you that kind of scam can’t last forever. And it can’t. Once the can can’t be kicked any further and the next economic and/or financial crisis is upon us, Steve sees today’s over-inflated asset prices quickly dropping by a gut-wrenching 50-75%:

Read more

The Swiss National Bank Owns $80 Billion In US Stocks – Here’s The Catch

– The Swiss National Bank Owns $80 Billion In US Stocks – Here’s The Catch:

Switzerland is a small country of just 8 million people, but they make an outsized impact on economics and finance and money.

Because Switzerland is considered a safe haven and a well-run country, many people would like to hold large amounts of their assets in the Swiss franc. This makes the Swiss franc intolerably strong for Swiss businesses and citizens.

So the Swiss National Bank (SNB) has to print a great deal of money and use nonconventional means to hold down the value of their currency. Their overnight repo rate is -0.75%.

Read more

David Stockman Warns Of “Huge Air Pocket Between Wall Street Fantasy & Economic Reality”

Stockman Warns Of “Huge Air Pocket Between Wall Street Fantasy & Economic Reality”:

With all of that staring us in the face, the market is barely worth 1,600… There is a huge air pocket between the huge fantasy that prevails on Wall Street and the reality of the economic world.”

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Legendary Investor Jim Rogers Warns That The Worst Stock Market Crash In Your Lifetime Is Coming ‘This Year Or Next’

Legendary Investor Jim Rogers Warns That The Worst Stock Market Crash In Your Lifetime Is Coming ‘This Year Or Next’:

If Jim Rogers is right, the worst stock market crash that any of us has ever seen is right around the corner.  For the past 15 years, Rogers has been a frequent guest analyst on CNBC, Fox News and elsewhere, and he is immensely respected for the depth of knowledge and experience that he brings to the table.  So the fact that he is warning that we are about to see the worst stock market crash in any of our lifetimes is making a lot of waves in the financial community.  And of course Rogers is far from alone.  Previously, I have written about several other prominent experts that are warning that a new financial crisis is imminent, and I have also discussed how a number of big investors are quietly positioning themselves to make an enormous amount of money when the markets crash.  Could it be possible that all of these incredibly sharp minds could be wrong?  Yes, but I wouldn’t bet on it.

Read more

Jacob Rothschild Accidentally Admits The New World Order Is Finished… NOT! (Video)

Jacob Rothschild Accidentally Admits The New World Order Is Finished:

Lord Jacob Rothschild has accidently admitted that the plan for the New World Order is collapsing according to a new report.

The Rothschild empire is now looking at fresh financial turmoil as suggested by the RIT Capital Partners 2016-year-end report, which could also have a huge effect for the rest of the planet. Jacob Rothschild also recently announced that he is to buy up all remaining gold to replace stock market and currency exposure, which signals the biggest financial crash since the Lehman Brothers crash in 2008.

H/t reader squodgy:
“Same end result, financial collapse, commercial & economic turmoil, currency reset, Governmental exercising of power over citizenry as authority dies.”
Exactly. The New World Order was never planned to be fully established BEFORE the planned financial collapse, civil war and WW3.
First a few billion people have to be removed from the planet and then, when the world population has reached manageable 500 million, TPTB want to install their New World Order. 

As far as I can see their plan will ultimately fail, which will become clear only after the planned financial collapse, civil war and WW3.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Why Are So Many Big Investors Positioning Themselves To Make Giant Amounts Of Money If The Stock Market Crashes?

Why Are So Many Big Investors Positioning Themselves To Make Giant Amounts Of Money If The Stock Market Crashes?:

I keep hearing from people that think that the stock market is going to crash by the end of the year.  Hopefully that will not happen, but the ridiculous stock prices that we are seeing right now certainly cannot last forever.  On Sunday, I was chatting with a friend that had just been to a financial conference.  He was quite surprised that one of the things being taught to the attendees of this conference was how to position themselves to make an enormous amount of money when the stock market crashes dramatically in the near future.  Markets tend to go down a lot faster than they go up, and so when the inevitable market crash does take place those that have made large bets against the market will make huge fortunes.  It happened in 2008, and it will happen again.  But it was unsettling to my friend Robert that there were so many people that were gleefully looking forward to this.

Read more

Amazon Tops $1000 For First Time Ever, Bezos Up Over $19 Billion Year-To-Date

Amazon Tops $1000 For First Time Ever, Bezos Up Over $19 Billion Year-To-Date:

With a trailing P/E of 186x, why shouldn’t Amazon trade at $1000… as it opens its first brick-and-mortar bookstore in NYC. The surge above the historical price level means Bezos has gained over $19 billion year-to-date, but due to Microsoft’s gains, he remains the world’s second richest man behind Bill Gates.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

Legendary Investor Asher Edelman Says “I Have No Doubt” ‘Plunge Protection Team’ Behind Market Rally

Legendary Investor Asher Edelman Says “I Have No Doubt” PPT Behind Market Rally:

“I don’t want to be in the market because I don’t know when the plug is going to get pulled”…the government’s “plunge protection team” is the only thing propping up the current market rally.

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP