Hello again! And all the best to you for 2016. Markets moving closer to validation: the completion of a major top in equities, and the resurgence of gold. It has been a long and difficult 2 year major topping process in the stock market, but a topping process it indeed appears to have been. Here are the […]
Dear all, it’s time for a break from the blog. I understand that even as a free blog there is a kind of duty to the visitors so I apologise for any disappointment. I am very appreciative of the regular readers and contributors. I need a break from punching out my postings and administrating the site and will […]
Self-explanatory I believe, so no comments. Clear interest in physical gold and silver which suggests the turn should be near. For stocks it comes down to the short term waves within the overall picture of a major top. I can’t rule out a Xmas rally and no fresh falls until Jan, which would mean the […]
The Wilshire has been repelled at the 200MA and the 200MA is turned downwards, as it was in post 2000 and post 2007 bear markets: Source: Stockcharts The only exception in the last 20 years was 2011. The 200MA turned downwards, the market was repelled but shortly afterwards bounced again and burst back through. The […]
US earnings: blended earnings growth stands at -2.2%, compared to an expected -5.2% before reporting began. So that’s quite a beat, and may account for some market fuel, but still negative. Blended revenue stands at -3.7%. With meagre sales revenues, companies have turned to buybacks and M&A. Take out the effects of oil and the […]
