Jim Puplava’s Big Picture: “Damn the Deficit–Full Spending Ahead: $15 Trillion and Counting”
Also, technician Peter Eliades is still bearish, and Ryan Puplava wraps up the markets
This week in Financial Sense Newshour's Big Picture, Jim looks at the massive US sovereign debt problems, "Damn the deficit, full spending ahead: $15 trillion and counting." Jim is also joined by technician Peter Eliades, who believes we haven’t seen the bottom yet and advises to remain on the sidelines. Ryan Puplava assesses another volatile week in the markets, and Jim takes your Q-Calls.
Ryan joined PFS Group in 1995. He holds a B.S. in Business Administration/Finance from San Diego State University. His professional designations include FINRA Series 4, Series 7, and Series 66 Uniform Combined State Law Exam. He earned the Chartered Market Technician's designation in 2007. Mr. Puplava is Senior Trading Manager and manages PFS Group's Growth investment objective.
Mr. Eliades’ theory of price movement in the stock market relates to repeating cycles rhythms. Fundamental news has no effect on market timing and affects only long-term trends. In over 16 years of uninterrupted market letters, he has rarely mentioned a fundamental news story in relation to the market. Mr. Eliades’ analysis is 100% cyclically and technically oriented. Stockmarket Cycles provides market timing for the more important intermediate to long term trends for mutual fund switching. Short-term timing is also provided for stock index futures and index options via the daily telephone updates.