Friday’s Drop Was Just a Hint Of What’s Coming - June 3, 2013
The gaming of economic data continues in the US.
On Friday it was announced that consumer confidence hit its highest level in nearly six years. Indeed, the last time we saw confidence in the economy as this reading was July 2007…
Here’s a riddle… how can consumer confidence be so high when:
1) Household wealth remains 45% lower than it was before the Crisis?
2) Incomes are falling?
3) Prices are generally rising?
Technically we’re all poorer than we were before 2008 happened. Most of us are making less money. And we’re spending more just trying to get by thanks to higher food, energy, and healthcare prices. Heck, housing is now even soaring again, pricing most beginning home buyers out of the market.
And yet… supposedly we’re all feeling much better about things. Either we’re all delusional… or the data is being massaged to look better than reality.
Against this backdrop, Bernanke continues to talk about how removing stimulus could damage the “recovery.”
This is extraordinary.
We’re five years into a financial crisis. The typical business cycle is 10 years. So just based on historical cycles alone we should be witnessing a roaring recovery by now. And yet, the Fed Chairman is worried that removing stimulus (which is now north of $85 billion by the way) would damage the “recovery.”
Folks this entire mess is one big house of cards that is getting ready to collapse again. The Fed doesn’t have an exit plan. It never had a plan to begin with except to leave the paperweight on the “print” button. The fact that they’re still talking about a recovery five years and $2+ trillion after the Crisis hit makes it clear they’re losing control.
The market is beginning to sense this as Friday’s collapse indicates. As I’ve stated many times in the past weeks, stocks were ready to correct.
Investors take note… now is the time to be prepping for a market correction. As Friday’s action showed, when it comes, it’s going to be fast and violent.
Investors, take note… the financial system is sending us major warnings...
If you are not already preparing for a potential market collapse, now is the time to be doing so.
Super Stock Analysis
We pick stocks everyday from S&P 500 and Nasdaq identifying short and long positions, based on technical and fundamental indicators.
Monday, June 3, 2013
SHORT NFX - Newfield Exploration Co.
SHORT NFX - Newfield Exploration Co. May 31, 2013
Trendline reversal.
Trendline reversal.
Neutral CBG - CB Richard Ellis Group Inc.
Neutral CBG - CB Richard Ellis Group Inc.
WATCH WEEKLY CHART: Testing strong support; technicals are bearish.
WATCH WEEKLY CHART: Testing strong support; technicals are bearish.
Thursday, May 30, 2013
Neutral CTSH - Cognizant Technology Solutions Corp. May 30, 2013
Neutral CTSH - Cognizant Technology Solutions Corp. May 30, 2013
Triangle price pattern; watch for a breakout.
Triangle price pattern; watch for a breakout.
Neutral FLIR - FLIR Systems Inc. May 30, 2013
Neutral FLIR - FLIR Systems Inc. May 30, 2013
Trading between trend and Fibonacci line; watch for a breakout.
Trading between trend and Fibonacci line; watch for a breakout.
Neutral DML - Denison Mines Corp. May 30, 2013
Neutral DML - Denison Mines Corp. May 30, 2013
A penny stock worth watching. Watch Fibonacci and 200 day SMA line for further direction.
A penny stock worth watching. Watch Fibonacci and 200 day SMA line for further direction.
LONG INVN - Invensense Inc. May 30, 2013
LONG INVN - Invensense Inc. May 30, 2013
Watch potencial bullish rectangle Consolidation Pattern.
Watch potencial bullish rectangle Consolidation Pattern.
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