All three major stock-market indices completed three consecutive weeks of falling today as we head into fall next week. The NASDAQ, as you see in the opening graph, has set up a clear trend of perfectly aligned closings this week.
Stocks are Falling into Fall
Posted September 18, 2020 By David Haggith Technically, This is Where I Think the S&P Will Find Strong Support and a Final Resting Place
Posted September 14, 2020 By David Haggith
This graph shows where my mind goes every time I ask myself how far the S&P 500 is likely to fall before it finds a solid bottom. As you know, I don’t make predictions based on charts, but clearly there is intense convergence of longterm support around the 2,000 level and strong indication of a […]
Filed in Economic Predictions | Tagged: stock market
Bullheaded Dave Portnoy Gets Pounded with His Own Hammer
Posted September 12, 2020 By David Haggith
Dave Portnoy is shaking his fist at the stock market, daring it to give him a bigger pounding than it already has — telling his gambling fans how the $700 million he lost on Thursday, and the four-million he’s lost “in a f—ing blink” over the week is just a flesh wound, a mere scratch. […]
Filed in Uncategorized | Tagged: stock market
Arrival of the Epocalypse and the 2020 Stock Market Meltdowns
Posted September 8, 2020 By David Haggith
I rarely mention anytime I’ve been interviewed. However, I was reviewing a casual conversation I just finished with one of my readers, Bob Unger, and I thought Bob’s questions led to a well-rounded expression of how, over the past two years, our economy got to the collapse we are in now, how predictable the Federal […]
Stock Market’s Caged Bear about to Rattle Himself Loose!
Posted September 1, 2020 By David Haggith![Is the US stock market going to crash in 2017? [By Philip Timms [Public domain], via Wikimedia Commons]](https://thegreatrecession.info/blog/wp-content/uploads/CagedBear-111x150.jpg)
I’ve been saying the stock market will take a turn for the worst sometime between mid-August and October. Numerous market metrics now show a market that looks ready to turn over. The bear may soon be back in charge.
Filed in Economic Predictions | Tagged: stock market
Elliott Wave Theory v. Stock Market Predictions by Economic Sense
Posted August 27, 2020 By David Haggith
Elliott Wave charts are the stock market’s horoscope. Some advocates of Elliott Wave Theory even believe the stock market only collapses due to EW alignments. Even the least faithful Elliott acolytes believe the market is eternally fated to match up over time with the probabilities the charts have revealed.
Filed in Economic Predictions | Tagged: economic collapse, economic denial, stock market, The Federal Reserve
Coronacrisis Turns Buyback Billionaires into the Trillion-Dollar Dozen
Posted August 20, 2020 By David Haggith
The Coronacrisis has been a boon for America’s wealthiest dozen, taking their aggregate wealth over the top of a trillion dollars. One think tank refers to them as the “Oligarchic Dozen”: “The rich get richer” doesn’t even begin to tell the story these days. According to the Institute for Policy Studies, the wealth of the […]
Filed in Uncategorized
Denial Dominates the Dummies
Posted August 15, 2020 By David Haggith![Édouard Riou [Public domain], via Wikimedia Commons](https://thegreatrecession.info/blog/wp-content/uploads/BalloonFall-108x150.jpg)
One of my reasons I started this website years ago was to counter all the denial that I saw in the mainstream media about how long and deep the problems from the Great Financial Crisis would be and about how we were failing in every way to resolve the greed, decay and especially faulty thinking […]
US in Longterm Economic Decline
Posted August 11, 2020 By David Haggith
Measured by the common man (or common girl), we’re on the road to ruin. The US has been in decline for decades, but you can’t see that by looking at stocks. You can’t tell it from those who lie about the economy to make their living, but look at longterm real numbers, and you see […]
Filed in Ideas for Change | Tagged: capitalism, economic collapse, economic denial, economic recovery, stock market, unemployment
Note to Patrons
Posted August 8, 2020 By David Haggith
First, FYI for non-patrons, the subject of the latest Patron Post and of the last couple has been hyperinflation and the big difference now in how the Fed is creating money, which is much more critical in terms of hyperinflation than just how much it is creating. The article I just posted also touches on […]
Filed in Uncategorized
Protected: Magic Monetary Theory Comes at a Price
Posted August 8, 2020 By David Haggith
There is no excerpt because this is a protected post.
Labor Dept. Trumps Its Own Numbers
Posted August 7, 2020 By David Haggith
Spin it up, Boys! Spin it up high! The Labor Department should go into the money-laundering business because they own the fastest-spinning, number-washing machine out there. Early this week, Trump promised really big numbers would be seen in Friday’s jobs report. Since presidents do not usually get the numbers until just before they are released […]
No “V” in Reco_ery
Posted August 5, 2020 By David Haggith
These pictures are worth thousands of words:
How Price Inflation Works, and Why it May Finally Work Now!
Posted August 4, 2020 By David Haggith
I’ve said this before, but there is a strong reason why it has been clear we would NOT have price inflation during all the Federal Reserve’s money creation after the Great Recession and why we very well could have it now. I think this deserves a quick summary because even financial writers don’t get it.
