When I expressed caution to a trader last week and that the market exists to ruin the greatest number of amateur traders at any given time, the trader replied I don’t believe that. Another trader I expressed caution to about this market told me I have to just ride the wave higher.
Folks, your goal (Read More….)
For the week the S&P 500 fell -1.9%, the DJIA fell -1.5%, and the Nasdaq plunged -2.8%. Last week the VIX shot back above 20 to trade at levels not seen since the June Brexit vote. The S&P extended its longest losing streak since 1980 with its ninth consecutive decline on Friday.
Oil was (Read More….)
The Shiller P/E ratio has hit its highest level since October 2007 and the start of the last bear market.
The last time the Shiller P/E was above 27 was in October 2007, the start of the last bear market.
Robert Shiller, the creator of the Shiller P/E ratio, warns people not to use (Read More….)
YouTube subscriber Tami asks, “I saw the YouTube video on the stock market crash projections. My son and I watch you frequently and think you are great. Do you think it is still good to stay in gold and mining stocks?”
Thank you so much for your kind words Tami. Here is how I think (Read More….)
A stock market crash in July could be coming straight at us. The Federal Reserve illusion of an improving US economy came to an end with June’s Employment Situation report. Economists thought the US economy created 160,000 jobs in May. The actual number was a shocking 38,000.
As the chart of non-farm payrolls (Read More….)