Urban Carmel's picture

Recent sentiment data shows investors to be more pessimistic than they have been in at least 4 years. Some sentiment data is the most extreme in 14 years. A recent post on this here. The rub with this data is this: some of these sentiment...

Matthew Kerkhoff's picture

Global turmoil has taken its toll on stock prices over the past six months. A number of factors, including the sharp plummet in oil and commodity prices, an arduously strong dollar, weak global demand and worries about...

Patrick Schotanus's picture

I trust that many of you are familiar with the story of Peter Pan, in which it says, ‘the moment you doubt whether you can fly, you cease forever to be able to do it’. Yes, what we need is a positive attitude and conviction. Indeed, each...

Kurt Kallaus's picture

Global economic fears and the proliferation of stock Bear markets have grown in recent months. The Bank of Japan (BOJ) has joined the negative interest rate club to combat a deflationary debt implosion as the deliberation of the...

Clif Droke's picture

As the global market crisis continues, the danger posed by this crisis to the US economy continues to be underestimated by economists and central bankers. A report recently showed that US job openings surged in December and the number of...

Charles Hugh Smith's picture

What NIRP communicates is: this sucker's going down, so sell everything and hoard your cash and precious metals. The last hurrah of central banks is the negative interest rate policy—NIRP. The basic idea of NIRP is to punish savers so severely...

Neil Howe's picture

According to national headlines, commercial real estate (CRE) is thriving—with observers pointing to high prices and increased foreign investment as signs of recovery. A closer look at the industry, however, reveals a more complicated...

Chris Puplava's picture

Selling pressure is drying up but for a bottom formation we need credit markets to begin to improve. The market is either testing or hitting new lows while the % of stocks hitting 4-week, 12-week, and 52-week lows is drying up, similar to the August/September bottom…

Michael Shedlock's picture

Money continues to pour out of Italian and Spanish banks for safer havens. This month I note a curious side effect: A huge amount of money went into French banks instead of German banks. The following table shows the winners and losers.

Axel G Merk's picture

"The Fed doesn't have a clue!" - I allege that not only because the Fed appears to admit as much (more on that in a bit), but also because my own analysis leads to no other conclusion. With Fed communication in what we believe is...

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