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Fed Med is Dead: How We Went from Fake Recovery to Freefall

Posted December 26, 2018 By David Haggith
Francisco Goya y Lucientes [CC BY 4.0 (https://creativecommons.org/licenses/by/4.0)], via Wikimedia Commons

Until you got to this tax and spending deal a year ago, it was one of the most hated bull markets. The markets steadily climbed one wall of worry after another, and the problem was that the economic data did not confirm it. –Bloomberg That’s right. The market was not rising for the past ten […]

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Permission is granted to copy, distribute and/or modify this document under the terms of the GNU Free Documentation License ( http://www.gnu.org/copyleft/fdl.html ), Version 1.2 or any later version published by the Free Software Foundation; with no Invariant Sections, no Front-Cover Texts, and no Back-Cover Texts. A copy of the license is included in the section entitled GNU Free Documentation License.

Make no mistake about it, there’s real fear and panic out there as markets are dislocating to the downside…. But note that on many charts we are showing 2008/2009 like conditions, something that is entirely inconsistent with the earnings and economic data we’re still seeing: It’s almost as if markets are pricing in a financial […]

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This ain’t no ballgame. This bear has shown up for blood, not sport. The Nasdaq intraday hit the 20% down mark that is widely regarded as qualifying for a change from a bull market to a bear market. A close at that level would have made it as official as a declaration of a bear […]

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DonkeyHotey [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Before Trump was even inaugurated, I said he was clearly draining the swamp directly into the White House. That was obvious as soon as he nominated a Goldman-Sachs roster to fill all the financial cabinet positions. Some wishfully said he was playing 4-D chess by keeping his enemies close. I called baloney. He was simply […]

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Stock Market Hangs on Edge of Very Big Cliff

Posted December 17, 2018 By David Haggith

It’s downright wintry on Wall Street right now. Firmly establishing the worst start of a December for the US stock market in 38 years, all three major stock indices plumbed the greatest depths they have hit all year … and it’s been a bad year! The S&P 500 and the Nasdaq closed at 2,546 and […]

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Stock Market’s Stars are Crossed for an Ursa Major Upset

Posted December 16, 2018 By David Haggith
The bear is back

The Big Bear is back. Ursa Major is in the house of the rising sun, and Taurus is in the house of the setting sun. Those are bad signs for investors who are now daily diving into their horoscopes. The market is pouring out of an inverted Big Dipper, otherwise known as the Big Bear […]

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If we don’t beat the establishment before the next downturn, we’re going to see the same bailouts and money printing we’ve seen before but on a deliriously insane level. This is not me being a permabear. In fact, when the stock market didn’t plunge in the early summer as I predicted it would, I honored […]

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The End is Here. I Bet My Blog and Lost and Won

Posted August 25, 2018 By David Haggith
David-Haggith-Image

I bet my blog on a stock market crash in the early summer and on global economic cracks large enough by summer that no one could reasonably deny the economy is in a serious downturn. I have both lost and won that bet as I will lay out here.

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Crows on a Wire Caw for the End of this Blog

Posted August 4, 2018 By David Haggith
By Randy Robertson [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

A few people (very few) have been trying to get me to stop writing this blog because they believe I’m just another permabear who always predicts the “end of the world” and perpetually moves his date forward. (And I’d hate to be that kind of guy.) I recognize that they are just crows

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Gathering around the stock ticker during the 1929 stock market crash.

As we pass from early summer into late summer today, stocks on all the major indices open the day on the slide. The “Tech Wreck,” as it is being called, has been noted by many, as I’ll detail here. That is in spite of the fact that the last of the great FAANGS just reported […]

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Celebrate because the Epocalypse is here!

While glowing presidential proclamations about US GDP growth last week did nothing to prevent the stock market from rushing headlong over the cusps of a FAANG stock ledge, the market is taking a breather today. So, let’s take a breather and go back and look at why that GDP report had no bite.

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Housing Market Collapse 2.0 Accelerates Rapidly!

Posted July 28, 2018 By David Haggith

Just ten days ago, your Lone Ranger here laid out why one should see the barely beginning downturn of the housing market in Seattle as the bellwether for a national housing market bust. Naturally a snowflake or two of criticism landed on my nose to say I knew nothing about real estate. That being the […]

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Big Stocks Rock NASDAQ as Two FAANGs Bite the Dust

Posted July 26, 2018 By David Haggith

Two of the original FAANG stocks that carried the US stock market higher throughout the Fed’s fake recovery from the Great Recession have revealed in the past week how quickly overpriced, bubblicious stocks can turn on investors and bring a rising index down. Facebook, which put the “F” in FAANG, showed it knows the foulest […]

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The Economy is Cracking Up. Are You?

Posted July 20, 2018 By David Haggith

Economic cracks big enough to drive a car industry into are opening up all over the globe. Trade gaps are opening up between major allies. Widening spreads between the dollar and other currencies are shredding emerging markets. As we start into summer, these cracks and several others described below have become big enough to get […]

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