S&P 500 up 34 Percent in Less Than 2 Months: S&P 500 went down 38 Percent for all of 2008. So why are we Still Down 42 Percent from the 2007 Peak?
We are witnessing one of the strongest bear market rallies in history. This kind of market volatility only rears its head during extreme environments. One quick fact many market watchers will realize is that if you lose 50 percent of your portfolio, you will need to have a 100 percent gain to break even. How […]
20,000 Americans Lose Their Job Each day but we Still Bailout Wall Street and Banks: 4 Charts Highlighting this Historical Financial Crisis. GDP, Inflation, Industrial Production, and Excess Reserves.
Four banks and one credit institution failed on Friday. This is now becoming a common Friday ritual. On February 13 four banks were also taken over by the FDIC. Multiple bank failures on one day are now growing in size. Yet the FDIC is quickly blazing through their insurance fund and soon, the taxpayer is […]
Dow and S&P 500: Is 2009 a Redux of 1938 and 1939? Powerful Spring through Summer Rallies. Market on Track for best Month in Decades.
The recent market rally is going down in the record books. The S&P 500 is up 21 percent in a matter of 3 weeks, which is one of the strongest short-term rallies in the books. In fact, we are on track for our best month since 1987. Yet this rally has the ominous signs of […]
Banking Transparency Gone: The Federal Reserve has been Slowly Moving to more Archaic Forms of Creating Credit. New Plan Will Subsidize Casino Loans for Investors with Taxpayer Money.
While the public is exercising a Freudian fixation on the A.I.G. scandal, misguidedly thinking that A.I.G. is an American company in the sense of G.M. or Ford (it is not although many Americans see a Rorschach American company), the Federal Reserve just decided to increase its balance sheet by $1.2 trillion. This unprecedented action was […]