Investors Still too Bullish

It’s been a wild ride on Wall Street lately. Major averages had hit their highs in late September. But if this sell-off continues, it will be Wall Street’s worst year since the financial crisis and the worst December since the Great Depression! This should have been...

Stock Buy-Backs Go Bust

The perfect storm of zero percent interest rates that existed concurrently with a debt-disabled economy lured executives at major corporations into a decade-long stock buyback program. The Fed pumped money into the economy thru its various Quantitative Easing programs...

Does Wall Street Now Have a Powell Put

December 10, 2018 First, let’s explain exactly what a “Fed Put” is. A Fed put is defined as The confidence of Wall Street that the Fed will lower interest rates and print money to support the market until economic strength will be strong enough to carry stocks higher....

A Trade War Truce Won’t Fix China

December 3, 2018 The Main Stream Financial Media would love to have investors believe that the recent problems in the global equity market are all about a trade war with China. Therefore, everything can be made right just because Trump shook hands with Xi Jinping at...

Earnings Recession of 2019

November 19, 2018  President Trump’s plan to stimulate the economy, known as The Tax Cut and Jobs Act, was signed into law at the end of 2017. It ushered in a massive and permanent tax cut for corporations, along with a temporary reduction in rates for individuals....

Bond Bubble Conundrum

October 22, 2018 Wall Street shills are in near perfect agreement that the bond market is not in a bubble. And, even if there are a few on the fringes who will admit that one does exist, they claim it will burst harmlessly because the Fed is merely gradually letting...