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Just When You Thought 2020 Couldn’t Get any Weirder…

Posted October 8, 2020 By David Haggith
By DonkeyHotey (Donald Trump and Mike Pence - Caricature) [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

The Vice President was upstaged by a tiny, little black fly that forced the VP debate to center on the one topic #pinkeyepence most wanted to avoid — his handling of the Covidcrisis. Chatter across the nation about the debate became all about Pence’s fly and his pink eye and … again … about how […]

Trump tax plan trumps the middle class

After saying the stock market’s rally today could best be explained by “the removal of uncertainty,” Jim Cramer got a hyuuge surprise out of a corner from which he least expected it. The surprise that moved the market was not, however, removal of the particular uncertainty that Cramer was talking about. It was removal of […]

2018 economic predictions

Throwing the Trump administration and campaign into turmoil, COVID-19 has struck the president, the First Lady, White House staff and key Republicans. The virus the president “downplayed” has imprisoned him for being a viral scofflaw. He can no longer attend rallies in person or shake hands or talk face-to-face with voters. He’s cancelled events.

By Federal Bureau of Investigation (FBI) [Public domain], via Wikimedia Commons

Senate hearings in Washington have laid bare the failures of the FBI investigation, showing there was never any evidence of ‘collusion’, and it was all a campaign to ‘get Trump’. The US Senate Judiciary Committee questioned former FBI Director James Comey during a hearing this week over the recent Horowitz report.

Trump's corporate tax cut is a gift to himself like his corporate jet.

The NYT’s much-heralded exclusive claiming that Trump is “profiting” from his presidency despite going “broke” during his tenure has more potholes than a New York alley.

Tick, Tock Stock Drop

Posted September 25, 2020 By David Haggith
Gathering around the stock ticker during the 1929 US stock market crash.

Since I’ve spent a fair amount of time on the US stock market of late, I won’t say much. Just taking a moment to note September just finished its fourth consecutive week down (final full week), maintaining a downtrend that began as we rolled over from August into September, setting up an October surprise.

Burning hundred-dollar bill

There is no excerpt because this is a protected post.

The Path by Which We Got Here

Posted September 22, 2020 By David Haggith
Central banks are cause of inverted yield curve recessions

It wasn’t just COVID that got us down the road to ruin. Because many think we are in what looks like a post-apocalyptic world of rubble only because of COVID or because of Trump, I decided now would be a good time to summarize how predictably the Fed’s Great Recovery and Great Rewind got us […]

Stocks are Falling into Fall

Posted September 18, 2020 By David Haggith

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.

S&P 500 Crash Target 2000

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 […]

Bullheaded Dave Portnoy Gets Pounded with His Own Hammer

Posted September 12, 2020 By David Haggith
Dave Portnoy shakes fist as market gives him a pounding

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. […]

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]

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.

Horoscope chart: "Elliott Wave Theory is the horoscope of the stock market." Source: Constellarius / CC BY-SA (https://creativecommons.org/licenses/by-sa/3.0)

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.