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Market Talk — June 14, 2016

June 14, 2016

It was all about the Nikkei and the JPY again today trading to 105.50 as stocks lost another 1%. We are on daily bearish reversals here so we may well see a short-term bounce from here. As you would expect it was exporters that suffered with Nissan and Honda a couple of names being talked […]

Pensions Continue to Spiral Downward

June 14, 2016

There are 11 million workers in Britain who assumed they had great pensions. The British Steel Pension Scheme is proposing to break its pension promises to its 130,000 members because they are losing money. Tata Steel is looking to sell its holding in its UK plants over the next few months, and that means that the £15bn pension scheme, […]

Goldman Sachs Used Prostitutes To Sell Deals?

June 14, 2016

Goldman Sachs is in a lawsuit for allegedly using prostitutes, fancy meals, and hotels to swindle the Libyan government in a $1.2 billion lawsuit. Now, before you condemn them, let me explain that New York City is not just the Big Apple — New York is the most unethical place, perhaps on Earth or at least in […]

BREXIT – Sterling & Euro

June 14, 2016

Based on the fact that the majority of big money trades fundamentally, we should expect the overall trend of the euro to rally against the pound. We can see that the euro has been strong, rising sharply, and we may yet see a further rally. Keep in mind that the LONG-TERM projections are bearish for […]