Our main number to watch remains at the 10460 level on a monthly closing basis. Our Major Monthly Bearish rests down at 9860. Our critical support begins at the 10335 level during 2016. Once that gives way intraday, we can see this fall to the 98 level. We still do not see a final low […]
QUESTION: Marty Thanks for bringing such clear view of what is happening, but please, come to us with an “ideal solution”. I fully agree with your complaints, I am laughing with you sometime for silly questions, but you have not brought a little light so far showing the right direction. If at least we knew what […]
Perhaps one of the most enigmatic songs ever written was “American Pie” by Don McLean. For decades this song was debated as to what it meant. Most assumed it had to do with the collapse of society. That seemed to be the general consensus. After all, its famous lyrics seemed to imply the end of the […]
A reader has contributed these charts that demonstrate why the socialist agenda is destroying the world. As the reader points out: “It seems that the optimal govt spending (share) is max 35% (US, AUS), and not >50% like in Europe. Lower govt expenditure has doubled GDP at least in the recent history.” The socialists refuse to […]
We saw healthy performances across all Asian Indices amongst the G20 headlines. There is much talk about additional fiscal stimulus coming from China whilst Germany takes the opposite view (expressed by Wolfgang Schaeuble) stating that easy monetary policy “risks serious side effects”. Core indices closed higher on the day (Nikkei +0.3% and Shanghai +1%) but […]
All the pundits on TV are expressing they are shocked that Christie has endorsed Trump. I really cannot imagine the surprise. Politics is supposed to be their expertise. Trump needed a VP who was at least establishment to placate the elites. Cruz is a no go and Rubio is showing how nasty and immature he […]
A comment by a reader with a philosophy is interesting and delusional at the same time. “Armstrong chose not to seek any compromise but to put all the blame on government. In principle, that’s got to be an absurd point of view. So it seems to me. One more thing, to his alleged factual correlation. Government […]
I have stated that Trump is the symptom and he is soaring because confidence in government is collapsing. The 2016 Edelman Trust Barometer, an annual global survey that assesses various levels of trust, reveals this shift from public to private as reported by Forbes.
The impact of the collapse in oil is having dramatic effects on taxation in the Middle East and suddenly on the issue of government debt. The UAE will implement a 5% value added tax (VAT) beginning January 1, 2018. UAE Minister of State for Financial Affairs Obaid Humaid Al Tayer made the announcement after listening to […]
Shanghai was the talk between many dealers again this morning after we saw heavy morning selling accompanied by afternoon selling, which resulted in a 6.4% decline in the index. Financials were one of the leaders as the FX yuan mid-point rate was set lower at 6.5273 to the dollar on Tuesday and on Thursday at 6.5318. […]
