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Posts Tagged ‘s&p 500’

FED’s to Stop Quantitative Easing

October 30th, 2014

moneyMichael Snyder:  Mark this day on your calendars.  The Dow is at 16974, the S&P 500 is at 1982 and the NASDAQ is at 4549.  From this day forward, we will be looking to see how the stock market performs without the monetary heroin that the Federal Reserve has been providing to it.  Read more…

Government, Politics, World News

Proceed With Caution As Market Upside In Question

September 9th, 2013

investingThe point of reading developing market activity, as seen in charts, is to eliminate any need to “predict” what may develop next day, week, or month.  There is no more reliable a source of information than the market itself.  Everything one needs to know Read more…

Economy, Education, Investing Guide, Markets

Capex Recovery Will Fuel a Super Bull Market (INDEXSP:.INX, INDEXDJX:.DJI)

February 15th, 2013

investing etfs 600X300After 15 years of cutting costs, hoarding cash and lowering debt, it’s go time for corporate America. That’s the crux of a bullish investment case being fostered by Brian Belski, chief investment strategist at BMO Capital Markets. He says we are on the cusp of Read more…

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Here Comes the Equity Buying Opportunity of a Lifetime (INDEXSP:.INX, INDEXDJX:.DJI)

January 24th, 2013

2XtwotimesYves Lamoureux thinks a second coming of sorts is on the horizon. The president of Lamoureux & Co. says he was pounding the table in late 2008 calling equities the buy of a lifetime. Not to worry if you missed it, in the Read more…

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Israel: Don’t Ignore This Emerged Market (Nasdaq:GIVN, Nasdaq:CHKP, Nasdaq:NICE, NYSE:BRK-A)

January 18th, 2013

isrealThis previously labeled emerging market is now the seventeenth most developed in the world. It has grown its GDP by 7% per year over the past 10 years, and has an unemployment rate of 6.6%. In 2013, its GDP is projected to Read more…

Economy, Emerging Markets, Markets, Technology, World News

S&P 500 (INDEXSP:.INX): Traders Are Absolutely Prepared to Crush Stocks if Fiscal Cliff Is Unresolved

December 6th, 2012

We call it the fiscal cliff, but really it’s a $5 trillion game of chicken, and neither side appears to be budging. The White House is ”absolutely prepared” to allow economically ruinous tax increases and budget cuts to take place on Read more…

Economy

10 Reasons to Stay Bullish On Stocks (NYSE:CAT, NASDAQ:AAPL, NYSE:GE)

November 21st, 2012

Conservatives are disappointed about the outcome of the national elections. Investors are troubled about the recent volatility in the market. And just about everyone is skeptical about the outlook for the economy – and the Read more…

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Citizens In 20 States Petition To Secede From United States (INDEXSP:.INX, INDEXDJX:.DJI, NYSEARCA:GLD)

November 12th, 2012

5 Dividend Stocks to Hold Into Retirement

November 9th, 2012

Richard Cox: When building a retirement investment portfolio, low volatility stocks (stocks that do not post strong reactions to changes in the wider market) are generally preferred as they tend to provide reliable rates of return over longer term time Read more…

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Are Democrats or Republicans Better For The Stock Market?

October 22nd, 2012

This year’s presidential election is being billed as the most important election in our country’s history. Of course, that’s what was said about the last election. And the same thing about Bush versus Gore. And Reagan versus Carter. And probably Harrison Read more…

Economy, Government

Why This Earnings Season Could Be A Game Changer (C, KO, IBM, INDEXSP:.INX, SPY)

October 18th, 2012

Mike Burnick: Earnings season always adds an extra dose of volatility to the markets. But as third-quarter profit reports begin coming in fast and furious this week there is a lot more riding on results than usual. Read more…

Earnings, ETF, Markets

Gold and Silver: Head and Shoulders Above the Market

March 22nd, 2011

I admit that I am pretty lazy, and I don’t do a lot of technical analysis of markets and/or prices, but I do some charting of some things, and I naturally come across some of what others write about emerging chart patterns, and price-points, and channels, and bands, and stuff I don’t understand even more than I don’t understand any of this.

I bring this up because the other day I was, being a real peach of a dad, giving the kids some Kindly Fatherly Advice (KFA), which was to turn off the stupid TV and go out and get themselves some stupid jobs so that they could buy some silver to show me that they had some smarts and knew What To Do (WTD) when the damned Federal Reserve was creating so much excess money.

They did not leap to their feet, exclaiming, “Excellent advice, masterful and excellent father, and which will serve us well during the inflation in prices that will follow the inflation in the money supply created by the Federal Reserve which is, as you tell us, an un-Constitutional evil that is destroying us!”

Instead, they ignored me! The little bastards!

This, of course, irritated the hell out of me, and I thought to myself, “This chart of the S&P500 is like my feelings towards these stupid kids! Sometimes it’s up and sometimes down, like this peak here in 2000 where I would be happy with them because they were so cute and where, at worst, we politely ignored each other for weeks on end, or until my wife said, “Check on the babies, will you?” and I asked, “Okay! Where are they?”

At the time, I thought this was pretty funny, but which, I realize in hindsight, just opened a whole “can of worms” that resonates in my memory, even to this day, perhaps in the way she still calls me a “lazy worthless bastard,” or how I was the “worst mistake” she ever made and how starving, feral wolves would be better fathers than I am and blah blah blah.

That is when I would slide relentlessly down and down, like the graph of the S&P 500, down to where their idiotic pleadings (“Please love us, daddy!”) and incessant demands for money (“Give us money!”) take me to the depths of despair, only to rise again to…to…to…

The sudden use of the ellipsis at the end of that last sentence is indicative of where I, out of nowhere, noticed what looks like a huge head-and-shoulders formation! Talk about a classic chart!

The left shoulder is in 2000 when the S&P500 hit 1,500 before dropping to 820 in 2003, the “head” formation was after rising again to just over 1,500 in 2007 before falling to 680 in 2009, and now, after rising again to over 1,300, this would be a head-and-shoulders chart formation with the right shoulder lower than the left, and so, classically, it seems like a perfect, classic time for the market to collapse.

This is about as close to technical analysis as I get because I don’t need it because I have the Fabulous Mogambo Portfolio (FMP), and it’s loaded up with gold and silver, as it should be when the evil Federal Reserve is creating so much excess money and credit that hyperinflation is a certainty!

And with the FMP positioned to reap a windfall from a dead-bang certainty, what can you say except, “Whee! This investing stuff is easy!”?

The Mogambo Guru
for The Daily Reckoning

Gold and Silver: Head and Shoulders Above the Market originally appeared in the Daily Reckoning. The Daily Reckoning now provides over half a million subscribers with literary economic perspective, global market analysis, and contrarian investment ideas.

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Gold and Silver: Head and Shoulders Above the Market




The Daily Reckoning is a contrarian e-letter, brought to you by New York Times best-selling authors Bill Bonner and Addison Wiggin since 1999. The DR looks at the economic world-at-large and offers its major players – investors, politicians, economists and the average consumer – some much-needed constructive criticism.

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