Just a quick end-of-year tale here about my end-of-career journey. I mentioned it a little long ago. As it makes sense out of the fundraising drive, I thought I’d say a little more about it today. In short, I drive a school bus for a living. It was not originally my chosen career path but […]
The world is descending into intellectual chaos. Read El Erian in the following linked article, and then come and back tell me we have not moved into madness: El-Erian: 1000-Point Swings In The Dow Are The “New Reality” There is clearly a tooth missing on one of the gears in El-Erian’s brain. How do you […]
The market’s last chaotic day closed in a way that befit the entire year. Up, down, up harder, down harder, and done! It looked like the violence of the day may have come from the Plunge Protection Team attempting to push the market up in the middle of the afternoon, except that the middle of […]
President Trump wants to blame the Fed — Jerome Powell in particular — for the stock market’s nasty action this fall. If things keep going this badly, you can be sure the Fed chief will want to blame Trump and his treasurer Munchkin for recent tweets that killed Santa Claus and for trade wars and […]
![HM Stoops? (the name signed to 2 of the 6 illustrations on the page of the newspaper—they all seem to be from the same hand, despite this particular image is unsigned) [Public domain], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/Bull_and_Bear_Fight_1-e1545873446256.jpg?fit=126%2C150&ssl=1)
So, the bull market bounced back, right? Not so fast. When one appreciated reader suggested there would be a huge plunge the day after Christmas, given how badly the market plummeted the day before Christmas, I cautioned against that tempting thought. Herein are some warnings about bull traps in a bear market and how they […]
![Francisco Goya y Lucientes [CC BY 4.0 (https://creativecommons.org/licenses/by/4.0)], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/DonkeyDoctorAndDyingMan-e1545855893926.jpg?fit=104%2C150&ssl=1)
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 […]
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 […]
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 […]
![DonkeyHotey [CC BY 2.0 (https://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons](https://i0.wp.com/thegreatrecession.info/blog/wp-content/uploads/Steven_Mnuchin_-_Caricature.jpg?fit=107%2C150&ssl=1)
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 […]
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 […]
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 […]
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 […]
You are currently browsing the The Great Recession Blog archives for December, 2018.
