The 2018-2019 stock bear market is still roaring among several major indices. It has broken all the market’s FAANGs and still shows no signs of backing off.
Archive for May, 2019
These Three Major Stock Bear Markets are Still Roaring
Posted May 31, 2019 By David HaggithCarmageddon Keeps Rolling Along
Posted May 27, 2019 By David Haggith“‘Everything Is Under Scrutiny: 38,000 Layoffs Across Auto Industry May Only Be The Beginning“ Bank of America Merrill Lynch analyst John Murphy said: “The industry is right now staring down the barrel of what we think is going to be a significant downturn. If you’ve been reading here regularly, you’ve been seeing “Carmageddon” coming for […]
You Know Things are Falling When…
Posted May 25, 2019 By David Haggith…when the stock market’s decade-long bottom trend becomes its new top trend and then it can’t even make it back up to that line as a top trend.
Housing Collapse 2.0 Continues as Predicted Here … as does everything else!
Posted May 21, 2019 By David HaggithThe graph here shows the point at which I said early last summer housing sales had turned over (for the worst) and would remain on a downtrend indefinitely, and it shows how that prediction has panned out. Existing home sales were down again nationally (4.4%) in April (fourteenth month in a row of declining sales […]
A Crash Course on the Everything Crash that is Coming
Posted May 20, 2019 By David HaggithA crash course by Jeffry Gundlach and Danielle DiMartino Booth on the cognitive dissonance in economic thinking, the fact-free euphoria in the stock market, bonds busting out toward a breaking point, the falsehood in GDP versus real GDP, and the guaranteed crash trajectory of the US national debt — all the same stuff I’ve been […]
Market Loses its Hopium-Induced High, Falls Four Weeks Straight
Posted May 18, 2019 By David HaggithStocks posted their fourth straight weekly loss across all three headline indices this week, but more important than that they proved convincingly on Friday that the market is as fully intoxicated as I claimed in my recent article, “Hopium Floats.” The path of indices through the day looked like a side-on view of the flight […]
Liquidity Stress Fractures Begin to Show in the Federal Reserve System
Posted May 16, 2019 By David HaggithIn my January Premium Post, “An Interesting Interest Conundrum,” I laid out how the Federal Reserve was losing control over the Fed funds rate — a loss of control over its bedrock interest rate that indicates financial stresses are building in the banking system that increase the risks from runs on the banks:
Hopium Floats, and That’s How the Market got High on Friday
Posted May 12, 2019 By David HaggithSo much for the trade war being “good and easy to win.” Let’s be honest. Trump has been grinding away on it for almost a year now, and China has barely flinched in its negotiations. On Friday the tariff war became personal because it will now tap your own budget and every business budget in […]
The Zombie Epocalypse: A River of Denial Floods Markets Everywhere
Posted May 4, 2019 By David HaggithThe highest summit of irrational exuberance ever, which is not even seen by those engaging in it, establishes the perfect peak for the greatest global economic collapse ever. Some days the level of denial in the stock market twists my head into a knot — not because I am surprised at lemmings jumping over a cliff […]