by irdadmin | May 20, 2019 | Financial Markets, Market Manipulation, U.S. Economy
Tesla has been “done” for awhile but many of the Wall Street and investor “uber” bulls are finally starting to see this reality. Amusingly, Wedbush’s Dan Ives issued a report in which he lowered his price target on Tesla stock from $270...
by irdadmin | May 17, 2019 | Financial Markets, Market Manipulation, U.S. Economy
That’s the only way to describe this stock market. It won’t end well for the hedge funds whose algos are chasing price momentum nor for the retail daytraders playing the game of “greater fool.” Apparently CSCO and WMT’s “beat”...
by irdadmin | May 15, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Perhaps the perma-bullish Wall Street analysts should contribute to retail sales by stocking up on Depends – like the Merrill Lynch analyst who forecast retail sales to climb 0.7% ex-autos. Retail sales, preliminarily, were said to have declined 0.2% from...
by irdadmin | May 14, 2019 | Financial Markets, Gold, Market Manipulation, Precious Metals
The price of gold soared over $13 Monday as flight-to-safety money flowed into the precious metals sector while the stock market went into a downward spiral. I see Monday’s market action as a preview of what’s in store going forward as price discovery once...
by irdadmin | May 11, 2019 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
It’s not “different this time.” The steep, prolonged yield curve inversion reflects the onset of a deep global economic contraction which is now being confirmed by leading indicators such as semiconductor and auto sales. At some point the Fed is...
by irdadmin | May 7, 2019 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The National Association of Realtors (NAR – existing home sales reports) and the Census Bureau (new home sales reports) report monthly sales on a “seasonally adjusted annualized rate” basis (SAAR). Notwithstanding the reliability – or lack...
