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.
Archive for July, 2018
Fabulously Fake Facts – “G” in GDP Stands for “Gullibility”
Posted July 31, 2018 By David HaggithHousing Market Collapse 2.0 Accelerates Rapidly!
Posted July 28, 2018 By David HaggithJust 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 […]
Big Stocks Rock NASDAQ as Two FAANGs Bite the Dust
Posted July 26, 2018 By David HaggithTwo 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 […]
The Economy is Cracking Up. Are You?
Posted July 20, 2018 By David HaggithEconomic 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 […]
Housing Market Collapse 2.0 Has Begun
Posted July 18, 2018 By David HaggithA summer storm is gathering against the housing market all across the US. More than a year ago, I predicted the collapse of Housing Bubble 2.0 and then predicted as soon as the housing market collapse had begun that it would see temporary reprieve until the summer of 2018. Well, that reprieve has ended …Â
Mass Stupidity Plagues Zombie Markets and Zombie Journalists
Posted July 9, 2018 By David Haggith“Asian markets rallied on Monday, extending their gains at the end of last week, following another strong US jobs report that reinforced confidence in the US economy and helped settle trade war nerves.” (Newsmax) So the majority of investors in Asia (and in the US) see the latest MEDIOCRE-AT-BEST jobs report as assurance that […]
Major Stock Trouble in One Chart
Posted July 3, 2018 By David HaggithWhile I don’t make my predictions based on charts, many who make investment choices do make their decisions based on technical lines of convergence in the charts and have for decades. One of the most persuasive and bearish technicals is when an index that has been running above its 200-day moving average first closes below […]
Mid-Year Review of the Retail Apocalypse – Keeps Coming Like a Waterfall
Posted July 3, 2018 By David HaggithFor a year and a half I’ve been writing about the retail apocalypse that is going to add to US financial woes. This is not a problem created by economic collapse but a problem that I have said will greatly contribute to economic collapse and that is so massive and widespread that it assures some […]
Nation’s Most Bullish Day for Stocks Goes … Well, Mediocre
Posted July 2, 2018 By David HaggithEven the best day of the year for stocks in the United States struggled to pull this market into better shape. While summer is a down period overall for stocks, July 2nd holds the position of being historically the most bullish day of all for the S&P 500. Why? The S&P 500 shows an average return […]
Lifestyle Investing for Recession or Economic Collapse
Posted July 1, 2018 By David HaggithHow do you invest for recession or a time of financial collapse when it looks like anything and everything could come down? If you are investing for recession — such as to safeguard your retirement funds for truly tragic times — there is simply no way to know what major part of the current economy […]