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2016 Market Meltdown: We Have Never Seen A Year Start Quite Like This…

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Time Abstract - Public DomainWe are about three weeks into 2016, and we are witnessing things that we have never seen before.  There were two emergency market shutdowns in China within the first four trading days of this year, the Dow Jones Industrial Average has never lost this many points within the first three weeks, and just yesterday we learned that global stocks had officially entered bear market territory.  Overall, more than 15 trillion dollars of global stock market wealth has been wiped out since last June.  And of course the markets are simply playing catch up with global economic reality.  The Baltic Dry Index just hit another new all-time record low today, Wal-Mart has announced that they are shutting down 269 stores, and initial jobless claims in the U.S. just surged to their highest level in six months.  So if things are this bad already, what will the rest of 2016 bring?

The Dow was up just a little bit on Thursday thankfully, but even with that gain we are still in unprecedented territory.  According to CNBC, we have never seen a tougher start to the year for the Dow than we have in 2016…

The Dow Jones industrial average, which was created in 1896, has never begun a year with 12 worse trading days. Through Wednesday’s close, the Dow has fallen 9.5 percent. Even including the 1.3 percent gains as of noon Thursday, the Dow is still down nearly 8 percent in 2016.

But even with the carnage that we have seen so far, stocks are still wildly overpriced compared to historical averages.  In order for stocks to no longer be in a “bubble”, they will still need to decline by about another one-third.  The following comes from MarketWatch

Data from the U.S. Federal Reserve, meanwhile, say U.S. nonfinancial corporate stocks are now valued at about 90% of the replacement cost of company assets, a metric known as “Tobin’s Q.” But the historic average, going back a century, is in the region of 60% of replacement costs. By this measure, stocks could fall by another third, taking the Dow all the way down toward 10,000. (On Wednesday it closed at 15,767.) Similar calculations could be reached by comparing share prices to average per-share earnings, a measure known as the cyclically adjusted price-to-earnings ratio, commonly known as CAPE, after Yale finance professor Robert Shiller, who made it famous.

Of course the mainstream media doesn’t seem to understand any of this.  They seem to be under the impression that the bubble should have lasted forever, and this latest meltdown has taken them totally by surprise.

Ultimately, what is happening should not be a surprise to any of us.  The financial markets always catch up with economic reality eventually, and right now evidence continues to mount that economic activity is significantly slowing down.  Here is some analysis from Brandon Smith

Trucking freight in the U.S. is in steep decline, with freight companies pointing to a “glut in inventories” and a fall in demand as the culprit.

Morgan Stanley’s freight transportation update indicates a collapse in freight demand worse than that seen during 2009.

The Baltic Dry Index, a measure of global freight rates and thus a measure of global demand for shipping of raw materials, has collapsed to even more dismal historic lows. Hucksters in the mainstream continue to push the lie that the fall in the BDI is due to an “overabundance of new ships.” However, the CEO of A.P. Moeller-Maersk, the world’s largest shipping line, put that nonsense to rest when he admitted in November that “global growth is slowing down” and “[t]rade is currently significantly weaker than it normally would be under the growth forecasts we see.”

In addition, another very troubling sign is the fact that initial jobless claims are starting to surge once again

The number of Americans applying for unemployment benefits in mid-January reached seven-month highs, perhaps a sign that the rate of layoffs in the U.S. has risen slightly from record lows.

Initial jobless claims climbed a seasonally adjusted 10,000 to 293,000 in the seven days stretching from Jan. 10 to Jan 16, the government said Thursday. That’s the highest level since last July.

Since the last recession, the primary engine for the creation of good jobs in this country has been the energy industry.

Unfortunately, the “oil boomtowns” are now going bust, and workers are being laid off in droves.  As I mentioned the other day42 North American oil companies have filed for bankruptcy and 130,000 good paying energy jobs have been lost in this country since the start of 2015.  And as long as the price of oil stays in this neighborhood, the worse things are going to get.

A lot of people out there still seem to think that this is just going to be a temporary downturn.  Many are convinced that we will just go through another tough recession and then we will come out okay on the other side.  What they don’t realize is that a number of long-term trends are now reaching a crescendo.

For decades, we have been living wildly beyond our means.  The federal government, state and local governments, corporations and consumers have all been going into debt far faster than our economy has been growing.  Of course this was never going to be sustainable in the long run, but we had been doing it for so long that many of us had come to believe that our exceedingly reckless debt-fueled prosperity was somehow “normal”.

Unfortunately, the truth is that you can’t consume far more than you produce forever.  Eventually reality catches up with you.  This is a point that Simon Black made extremely well in one of his recent articles…

Economics isn’t complicated. The Universal Law of Prosperity is very simple: produce more than you consume.

Governments, corporations, and individuals all have to abide by it. Those who do will thrive. Those who don’t will fail, sooner or later.

When the entire financial system ignores this fundamental rule, it puts us all at risk.

And if you can understand that, you can take simple, sensible steps to prevent the consequences.

Sadly, the time for avoiding the consequences of our actions is now past.

We are now starting to pay the price for decades of incredibly bone-headed decisions, and anyone that is looking to Barack Obama, the Federal Reserve or anyone else in Washington D.C. to be our savior is going to be bitterly disappointed.

And as bad as things have been so far, just wait until you see what happens next.

2016 is the year when everything changes.

  • Guest

    I read today that Walmart will be raising wages for most U.S. store employees.

    • Babycatcher

      What, so they can price themselves into obscurity like so many other companies have done? It’s their business, but I don’t set foot inside it anymore if I can help it…

  • toothless_without_a_dental_pla

    are you trying to tell me that barack obama lied to me when he said that the economy was doing great in the state of the union address?,..because the u.s. government would never do that to me

    • Mondobeyondo

      Sometimes I wonder if Obama wakes up every morning , looks at a map of the U.S. and mutters to himself the infamous words of Kurt Cobain… “It is now my duty to completely drain you”.

    • REALIST

      You can keep your medical plan AND your doctor and your premiums will go down $2,500 per year.

  • Robert

    Who was the smart person who said ” never invest in anything you do not understand.” I tend to think a lot of investment has been done by pension managers who did not know what they are doing just like governments that promised exorbitant pensions that are hugely underfunded and will likely go bust as the market stagnates. The pension nightmare is going to be very ugly. I invested in horses. At least I get fertilizer for the roses. Can always eat a horse if times are tough enough. My bad. I know several folks who were planning on retiring soon but all have canceled those plans. They are skeptical of their pension security. Serious times. I also know people in my age range (70s) who lost everything in 2008. I don’t know how they will handle this next disaster.

    • Jim Mooney

      Those of us who are older know the drill:
      USE IT UP
      WEAR IT OUT
      MAKE IT DO
      OR DO WITHOUT

      I’ve lived cheap before, I can do it again. I’m not sure about the iPhone generation.

      • Plextt Plextt

        What is an iPhone?

        • Jim Mooney

          It is a device design to gradually eat away at your brain until you are totally mindless and easy to control. It used to be called a TV, but they miniaturized it ;’)

          • Lennie Pike

            I know dat’s right!

  • Mondobeyondo

    2016 is shaping up to be a year like no other. Right down to the unusually high number of celebrity deaths so early in the year. It’s almost like the older actors and rock and rollers are saying “we’re outta here” before things get really bad.
    This downturn is not going to be temporary, and there is very little likelihood of any kind of recovery, at least not a quick one. This could last well into 4 or 5 years, possibly more. And there will be Pain. A lot of it. Expect more layoffs. More money to be lost on Wall Street. More urban unrest.
    Everything is rapidly approaching critical mass. Put as much lipstick on this pig as you want, but the bottom line is, it’s going to be U-G-L-Y.

    • Jazz

      Dow is up 500 points from the bottom. The rebound is already underway!

      • Mt Rushmore

        you sir, are a tweeb!!

      • Jim Mooney

        Buy high! Sell low!

      • Creepy Pedro

        How about that rebound kid? Good thing I sold fridays rally…..cha ching.

  • James Dohnalek

    What to watch next !!! Watch the ENERGY STATES budget run RED WITH INK. There will be massive firings, in government, teachers, police, firemen, state workers. NEXT, Revenues from energy will again start to increase the debt of underfunded pensions. NEXT, Colleges and universities will receive less money from the state and will have to RAISE TUITION COSTS. Poor, poor, poor students ; MORE DEBT THAT YOU WILL HAVE TO PAY BACK FOR THE NEXT FIFTY YEARS.

    • Harry Merkin

      We are seeing it in Wyoming now.

    • FortuneSeek3rz

      The oil price has been subjected to massive price speculation for the last six decades. This is neither new nor will it “sink” the U.S. economy.

  • James Dohnalek

    Do not trust it. Remember Wal Mart tried to get most of their employees on Medicaid rather than offering health care insurance that they offered to their workers who were in management positions?
    Walmart is closing 269 stores, do not think they would offer higher wages. IT IS NOT IN THEIR PROFITABLE DESIRE.

  • Guest

    “2016 is the year when everything changes.”

    Thankfully, I just started a job with a company that has never had a layoff in its history. The company remained profitable during the last crisis with annual revenue increasing every year. The company is employee owned. The only way to own stock in the company is to work for the company. I met a coworker yesterday who has been with the company for 28 years. He told me his stock in the is worth $900k.

    • REALIST

      It is worth only what he can sell it for. $900K in Federal Reserve Paper Notes? Tell him to sell half now and buy gold coin and silver coin.

      • Guest

        No. That’s the value of the stock that he has been given during his employment with the company. The company’s stock is not publicly traded, so it cannot be sold on the open market. If he were to leave now, he would get a check for about $900k. Furthermore, I would not tell him what to do with his own money.

        You shouldn’t comment on things you know nothing about.

    • Cesare

      My father worked for a similar company before he turned states.

      “Little Cesare,” he told me, “never trust a man who does well when no one else does well. That power never lasts, and he’ll take you down with him.”

      • SP2300ROFL

        Sorry he misled you; sort of explains why you might gravitate to a forum like this for “economic” guidance rather than entertainment and the comedy of such ludicrous misconceptions.

        • Cesare

          I actually lean left and don’t agree with 50% or more of what Michael says.

          • SP2300ROFL

            Finally someone with some sanity. Excellent reply!! :)

          • rocknrolla

            chicken……..

        • rocknrolla

          chicken………

    • Mystic Light

      Never say Never, Guest. I once worked for a utility that was right across the fence from a Chlorine plant. Was told by their receptionist that they NEVER had a chlorine leak, NEVER she said in their 40+ years of business. One month later, in the middle of the night, GUESS WHAT, Pioneer Chlor Alkalai had a MASSIVE CHLORINE LEAK that shut down businesses and evacuated thousands of people in Henderson, Nevada. Sorry, but NO ONE is bullet proof, NO ONE. Be smart, prepare for the worst, hope for the best.

      • Guest

        I know what’s coming, and I’ve been preparing for many years now. I’m just hopeful that I’ll continue to be employed during the next downturn. If I lose my job, I’ll be okay.

  • Martina

    What should i do? Hoard cash or buy water & food before it happens?

    • SP2300ROFL

      If you’re relying on “alternative media” journalists or lunatics on this blog to navigate your financial future your capital is better spent on a mental health professional and then a formal education. According to these nuts a supernatural force was going to decimate civilizations last September.

      • Guest

        I am assuming you are referring to yourself:-P

        • SP2300ROFL

          You were correct until the letter ‘u’

          • Guest

            Correct, That would be you. I’m impressed. You’re more intelligent than I gave you credit for :-

      • rocknrolla

        chicken……..

    • K

      Having at least some food and water, is always a good idea. Even if nothing else were happening. The monster storm in the eastern part of the Country, would prove that. Having some cash is also a good idea. You will notice we have some ill mannered trolls on the site. Just ignore them. They contribute nothing, and are at most, a very minor irritation.

    • REALIST

      Buy a rifle and a pistol for each family member.
      Buy at least 500 rounds for each gun.
      Buy enough food for each person to last 6 months. It is estimated that the majority of urban people will be dean in 3 months due to killings and starvation.
      Have a water supply. Well, tanks, roof run off, etc.

      Then, have silver coins, cigarettes, all the Rx medications you will need for 1 year. Don’t use your guns and ammo as money, they are worth far to much. Have vodka/whiskey for “money”.

      • Babycatcher

        Martina, lest you think the above is too unreasonable, I must say it is as realistic a list as you will find, tho short. There are numerous websites, the Survivalistblog, SHTFplan, the Organic Prepper, and many others that can show you how to prepare for what’s coming. Have food, water ( both for cooking, drinking and bathing/ flushing toilets) medicines,all types of weather clothing depending on where you live, and some way to defend yourself. People who did not prepare are going to want what you have. Make sure they don’t get it unless you want to share it. Bless you, and may you have enough time to get a good start!

    • Shirley Toney

      Buy food and water and save some cash for incidentals.

    • Here to help ;-)

      Hello.

      I would be glad to try and help you any way that I can.

      Before I go any further, when you said …..
      “What should i do? Hoard cash or buy water & food before it happens?”….I would like for you to define what you mean by “it”. What is the “it” you are referring to?

      Thank you.

      • SP2300ROFL

        Obviously you can’t help yourself.

        • Here to help :-)

          Yes. You are correct. You radiate kindness when ever you speak. Help me please.

        • rocknrolla

          chicken……

    • Jim Mooney

      Hoard water and buy cash ;’)

    • energizedmortal

      There will be plenty of weapons and ammo on the ground from the killed in action. If the elites are serious about population control, then there will also be radiation in the cities and suburbs. No one will survive except the corrupt ideologies that are passed down that got us here. Maybe one day the game will change too not just the players.

    • Harry Merkin

      Guns, ammo, food, water and any prescription medications you take. Don’t hoard stuff you don’t personally use. If you can’t trade it off, you can still use it.

  • K

    2016 is the year when everything changes. Michael, you are the most polite person ever. Changes is not the term most would use. But I appreciate the added effort.

    • SunnyFlaSnotress

      What makes you think Michael is so polite?

    • Lennie Pike

      2016 IS THE YEAR THERE WILL BE A DRASTIC CHANGE IN THE PRICE OF GOLD AND SILVER – UPWARD. VERY STRONG EVIDENCE OF THAT LIES IN THE COMMENT SECTION OF THIS ARTICLE.

  • REALIST

    I just filled my gas guzzling AVALANCHE with $1.62 per gallon benzine at BJ’s. I’m lovin’ it. To me, gas should sell for about 98 cents/gallon. That sounds and feels right. The world is loaded with oil. It is everywhere and with the latest production and tech, I don’t see how it can ever get above $3 and ever stay there.

  • Marty Mann

    I look for a huge rally tomorrow unless oil drags the markets down lol.

    • Jazz

      Yes FINALLY someone who gets it! The markets are back in recovery mode.

      • SP2300ROFL

        It will need a 20% move higher just to be back to the levels your ludicrous notions and rants began

        • rocknrolla

          chicken….

        • Jazz

          Poof! You are like a squeaky fart in church

      • Creepy Pedro

        As I said last night, Draghi was the spark and crude was the flame.

        • Lennie Pike

          That is true, but it’s o.k. because “there is no inflation and the future will bring only deflation.” An unlimited amount of “money” can be created to keep the economy chugging along powerfully, governments funded, and debts repaid for ever, as long as someone like Draghi is available when others are not, so buy!,buy!, buy! stocks, bonds, commodity contracts, and every other paper lie they can dream up – not.

          I guess this terrible deflation we have now is the reason my little bag of coffee increased in price 50% from one week ago – from $4 to $6.

          You must be wandering why this “Gringo” thinks you would ever want to hear anything from him again. It’s because your comment was true.

          Something you don’t want to hear (again) which is also true, is another reason for this high rate of food inflation other than Draghi. Food has become the number one expense for most people in the U.S., and it’s price along with just about everything else even with fuel at record low prices, has increased a lot because hundreds of billions of dollars are being created to support illegal and legal aliens.

          They are being given benefits that are not even available to Americans. This is a very indirect and deceptive way of forcing Americans to involuntarily give up a large part of their income to illegal and legal aliens who are being used to take American’s jobs and to depress their wages. Big business wants it to keep more money in their pockets, and the mastermind criminals behind the NWO are using both parties to destroy America in order to attain their totalitarian NWO.

          A more honorable method to help these invaders and useful idiots would be to send armed government agents or troops (why not?) storming into the homes of innocent law abiding Americans and confiscate their money and property.

          Watch the movie “The Revenant” to see how all societies have historically treated invaders intent on enslaving them and destroying everything they have, except in this case, the invaders are being used as pawns – they also will be enslaved after their usefulness has been extracted.

          Inflation is also the reason I am today buying more gold at a price at less than it costs to produce. A huge portion of the world’s people and some countries will chose to use it as money since it and only it is money and because they will not accept a cashless system run by a criminal gang intent on eliminating their liberty and pursuit of happiness.

          The fiat money crime syndicate is discussing the implementation of their cashless system in Davos as we speak. As the beginning of this year proved, they know their time is quickly running out.

          These criminals themselves are buying as much gold and silver as possible by artificially manipulating prices as low as possible through the naked short selling of commodity contracts and paying for the contracts with any amount of freshly created “money” they require to do so. They are well aware that their cashless system could be temporarily derailed if enough people buy gold and silver. So let’s derail them – let them succeed (and they will) 200 years from now – not now!!!!!!!!!!
          We should at least try, we should at least do that!

          You have to be crazy not to be buying gold and silver now, but if you’re not buying, the reason I’m sure is ignorance on the subject of the nature of money. Even if they do achieve implementation of their cashless totalitarian system soon, and you make the mortal mistake of accepting it, the price of gold and silver will skyrocket in price soon thereafter because they will cease manipulating it’s price – there will be no reason for further manipulation.

          Not that it would do you much good at that point!

          • Lennie Pike

            Crickets from the NWO cashless financial system trolls – as I predicted.

            The topic of the held hostage gold and silver market is kryptonite to the NWO. Nothing scares the sh$t out of them more than the thought of millions upon millions of people purchasing just a small amount of gold each. It would totally destroy their plans to enslave the world. Their paid liar trolls have received instructions to stay away from the topic at all costs.

            Actually their liar trolls – as everyone here knows, have received orders to stay away from discussing anything economic or financial in good faith because they have nothing but lies to back any arguments in defense of their fraudulent financial system – by definition.

          • Lennie Pike

            Make that “physical” gold held in one’s possession obviously.

    • Cesare

      Go ahead, go in for the sucker’s rally. You can make some money if you pull out in time.

      I personally think today was as good as it gets. The market cheated the plunge, and it’ll make up for it tomorrow.

      • Marty Mann

        Future are up right now bozo

      • Marty Mann

        Ok Cesare I dont know how or who used my name to say futures are up and called you a bozo but I can assure you it wasnt me, the real Marty Mann.

        • Cesare

          It’s ok, futures aren’t up any more.

  • Jazz

    Lmao. We have a little stock market correction and everyone is going ole Harold Camping on us. The markets go up and down. Long term they go up, up, and the up some more.

    • Sweet T

      You’re like the little kid who’s dog ran away last May. Here we are 8 months later and you still think he’s coming back!

      • SP2300ROFL

        Roflmaoooo

      • Jazz

        That happened to me as a kid but it was only 7 months. Turns out someone found lucky upstate. It was a beautiful reunion just like this rally will be beautiful!

  • billtheguy

    Detroit is the perfect example for what is next. All the government pensions will require funding because 30 years ago they thought the money would keep coming. Detroit found out they can make cars anywhere. So I have to ask myself why can foreign car companies come to this country and make cares competitively?

  • Orac4Prez

    I think your own analysis of the oil markets proves that Simon Black is speaking crap! “…produce more than you consume” The who world is awash in oil and now the producers have black mud on their faces!
    The reality is that the whole world has been building tons of junk for years that either people don’t want or cant afford! In fact, I would suggest the one area where the US is doing well is in High Tech where new products and services are now being offered. By not doing exactly the same that has been done for the last hundred years!

  • SP2300ROFL

    SP2300ROFL 5 hours ago
    If sp500 can hold 1867+ for three consecutive days then those gurus that run money will panic buy and shorts get wrecked. Can CB’s game them yet again? That should be good for 50-75sp points. Watch n learn

    • W.F. CALL

      That stinks. I want a limit down day (:>

      • SP2300ROFL

        Patience bears get their days in q2 :) when sp500 trades between 1650-1350s jmho :)

        • rocknrolla

          chicken…

        • Creepy Pedro

          Yes.

        • W.F. CALL

          I was leaning toward 5-8% pop, then resumption lower…If we do not resume lower next week, I may hop back to cash.

          • Creepy Pedro

            Let see if this crude rally is really for real..uwti was due for a breakout. My gut is telling it’s the typical short covering pattern that took place 2 weeks or so.

      • SP2300ROFL

        SP2300ROFL mtntrek3 8 hours ago
        One or two more rate hikes will set the trajectory on the yield curve then a well orchestrated 25-35% decline in key indices will grab mainstream media headlines to shake out the rubes. Then a long term sustainable economic and equity market advance will commence. Same old cycles just fresh rubes.

        • rocknrolla

          chicken..

      • SP2300ROFL

        You don’t go on the other blog anymore?

        • rocknrolla

          chicken.

        • Creepy Pedro

          For what? Watching abunch of tards thinking planet x and the ppt are cousins? You get my point. CNBC blog is terrible, it used to be good. UWTI was a great play today, just got on it a little late.

        • W.F. CALL

          Hey. Yes, I usually read a laugh–post when I can’t resist. Always catch your calls after the fact…

    • rocknrolla

      chicken

    • rat28

      I will never bet against CBs unite .

  • Dow 25K in 2016.

    I am sticking to my prediction that the DOW will hit 25K this year. I think the rise in jobless claims is just an aberration. Also, I was awestruck at how the DOW rallied 310 points yesterday from its session low. Yesterday’s rally is a testament to the brilliance of Yellen, the tenacity of Obama, and the undying optimism of Americans that invest in the stock market.

    I am inspired by the show “Shark Tank” America is the land of the free and the home of the brave. Anyone with an idea and an entrepreneurial spirit can succeed in America. I don’t buy the mumbo jumbo that small business creation is at a record low.

    Hillary deserves to be president. She is a woman of integrity, transparency, warmth, and compassion. The email scandal that plagues her is a hoax perpetrated by the right.

    Below is the theme song of today’s stock market and economy. This is from the “LEGO” movie.

    Everything is awesome
    Everything is cool when you’re part of a team
    Everything is awesome when we’re living our dream

    Everything is better when we stick together
    Side by side, you and I gonna win forever, let’s party forever
    We’re the same, I’m like you, you’re like me, we’re all working in harmony

    Everything is awesome
    Everything is cool when you’re part of a team
    Everything is awesome when we’re living our dream

    (Wooo)
    3, 2, 1. Go

    Have you heard the news, everyone’s talking
    Life is good ’cause everything’s awesome
    Lost my job, it’s a new opportunity
    More free time for my awesome community

    I feel more awesome than an awesome possum
    Dip my body in chocolate frostin’
    Three years later, wash off the frostin’
    Smellin’ like a blossom, everything is awesome
    Stepped in mud, got new brown shoes
    It’s awesome to win, and it’s awesome to lose (it’s awesome to lose)

    Everything is better when we stick together
    Side by side, you and I, gonna win forever, let’s party forever
    We’re the same, I’m like you, you’re like me, we’re all working in harmony

    Everything is awesome
    Everything is cool when you’re part of a team
    Everything is awesome when we’re living our dream

    Blue skies, bouncy springs
    We just named two awesome things
    A Nobel prize, a piece of string
    You know what’s awesome? EVERYTHING!

    Dogs with fleas, allergies,
    A book of Greek antiquities
    Brand new pants, a very old vest
    Awesome items are the best

    Trees, frogs, clogs
    They’re awesome
    Rocks, clocks, and socks
    They’re awesome
    Figs, and jigs, and twigs
    That’s awesome
    Everything you see, or think, or say
    Is awesome

    Everything is awesome
    Everything is cool when you’re part of a team
    Everything is awesome when we’re living our dream

    • john

      These are real lyrics. My fave is this part:

      Have you heard the news, everyone’s talking
      Life is good ’cause everything’s awesome
      Lost my job, it’s a new opportunity
      More free time for my awesome community

      See if you lose your job it’s freakin awesome cause you have more time to volunteer and do cool stuff at no charge for your community.

      BTW this is the same community who will tear apart your tent city, not let you sleep on that comfy park bench cause you can’t afford your rent/mortgage anymore cause your too busy doing free stuff around the neighborhood.

    • Jim Mooney

      I vote this best snark of the week ;’)

      • Dow 25K in 2016.

        Thank you. I enjoy being sarcastic.

        • Paul in NC

          The troubling truth is…..many folks actually believe that sarcastic nonsense to be true……

          • Marty Mann

            Can anyone prove it not to be true? Everything is turning around now. Draghi has saved European markets as well as Japans and oil has hit $32 again. The market meltdown is over for now. I would say its smooth sailing for the spring and summer then maybe more trouble by October.

        • CharlesH

          You are to be congratulated – great sarcasm!

    • Facts_n_Fiction

      You are inspired by false dreams and naive thinking.

    • rentslave

      Anyone can succeed in america-provided they’re willing to move to Nevada,the only state with total investment freedom.

    • Mark

      Hey 25K,
      Everything is not awesome and guess what the Dow will not go to 25,000. Where did you get your economics degree?????? Obummer University school of loser economics. Boy oh boy you are an Obummer Democrat all right. Another left winger that uses Marxist propaganda to make our loser President look like a rose when he one big pile of horse u know what and it stinks. How can you call Janet Yellon a genius. She’s a puppet for Obummer and mark my words that if the markets tank she will implement QE4 and negative interest rates.
      And what is you economic theory on why the Dow will hit 25,000???? If you did go to college you must have either majored in liberal arts or pre-law. The whole US stock market is a sham driven by shady financial engineering, QE, interest rate manipulation, and Corporate buybacks. I just got laid off at 3M along with 1500 and there is more to come. JP laid off 4000 while J&J just laid off 3000. The good jobs have been going away for 7 years and being replaced by lower paying worthless service jobs. Did you know that 70% of American have little savings and live pay check to pay check. The labor participation rate is at an all time low. Welfare up from 35 million to 50 million. All the true economic indicators stink and have not effected the markets because of the fed sinister manipulative shenanigans.
      Also we have a huge credit and debt crisis with 42 trillion in consumer debt, 20 trillion in federal, and 8 trillion in business. Not good and all smoke and mirrors. You cannot continue to run a county with a credit card and eventually all thing come a tumbling down.
      Hillary is a losing no good propagandist liar who is using Bill’s coat tail to get to the white house. She is evil and lied about Benghazi and screwed up royally with the emails and lied on top of that one.
      You are either one crazy left wing loon or just plain brain washed. God help you.

      • natxlaw

        Dude, he’s sarcing big-time.

        • GoldenGirl

          Exactly. Good grief.

      • sistersoldier

        That’s “YODA” Yellen…. continue.

        • sistersoldier

          Zero interest and fresh QE…… Its Super Yellon to the rescue!….. Come on Fed Mama drop that rate like its Hooooot!

    • Horiboyable .

      I detect a little sarcasm but you could be right. I think if the bond bubble bursts you could see the DOW and S&P double; USA has the only market capable of parking that much big money.

      • SP2300ROFL

        Roflmaoooo. I would not rely on that theory.

      • sistersoldier

        Hello… knock – knock. Excuse me but did you say…… “if the bond bubble bursts?” OK, now excuse me for ROFL.. O’ goodness come on you guys! The US is the only market that can park big money? I’m not an accountant but even I know it’s not very complicated to park “imaginary currency”! May I ask you a valid question because you seem like a knowledgeable person. Whatever happened to the DEBT CEILING CRISIS? Do you remember that? Why don’t they talk about it anymore? I really am curious. Did we ever fix that? I guess we must have because #1, you never hear about it, well at least not since House Stenographer Diane Reidy was dragged of the floor for saying the constitution was written by Free Masons. And #2, because Obama just proposed 4billion that’s with a “B” to encourage the development of driver less vehicles. Imagine that! I don’t know about you but I could use just one more driver less car in my garage next to my driver less boat….. I guess we do have money to burn……….. mine, yours, our children, our grand children, great-great grandchildren….. You get the gist of it.

      • GoldenGirl

        Sounds like you have been reading Armstrong Economics.:)

    • Jill from Wilminton NC

      Not sure what your deal is but you are so wrong. I just know it. I know it all and so does Bill.

      • Bill G Wilminton NC

        Hi from Wilmington……

    • CASTIEL

      I want to smoke the weed you are using….must be very good quality….

      • SunnyFlaSnotress

        Nothing wrong w/good quality weed. I will give you a point on that.

        • sistersoldier

          Trust me….. you don’t need any more weed and stay away from the blood too.

          • SunnyFlaSnotress

            oh no.. I haven’t had weed in a long time… It would be good

        • Alwaystomorrow

          Finally., The first comment on this blog today I can agree with 100%. Medicinal purposes only of course.

          • Lennie Pike

            It’s what destroyed America more than anything else. It’s why there’s no music, comedy, or many people smiling or loving and helping each other any more. It’s why most people have hugely inflated egos, and confidence when there is absolutely no reason for it. You trolls are the perfect example.

            There’s is a reason you fools who mistakenly think that you are infallible, all knowing, and so cool are called pot heads and not pot hearts. Now neither of those are able to do the tasks they were designed for, and you have spread your negative and destructive ideas and attitudes like a highly contagious plague. Thanks a lot .

          • SunnyFlaSnotress

            Pot killed America.. that’s a good one! lol

          • Jahmerican

            Alcohol-fermented and distilled
            Big pharma-chemical compounds
            Toothpaste-call poison control if swallowed
            Vaccines-biological compound containing agents resembling disease causing organisms
            Socially acceptable, legal, some even mandatory
            Then there’s ole MJ
            Pot-all natural
            not socially acceptable-not legal but in a few states
            Lennie you are an angry person
            Do you think Bob Marley was negative and destructive?
            I will keep you in my prayers

          • Lennie Pike

            Actually I’m not an angry person at all in real life but just the opposite. The comment section of this blog is where the presently occurring worldwide financial collapse is discussed – and yes I am very angry that it is happening because it will be the reason for more suffering, destruction, and evil than the World has ever known. Why wouldn’t I be angry?

            Another very peaceful person – other than Bob Marley – and THIS GUY wasn’t peaceful for the sole reason that he stayed stoned all the time, once became very angry for the exact same reasons and at the exact same people that I am angry at (and those who work for them like these trolls) when he threw the money changers out of the temple. He wasn’t angry otherwise – just like I am not.

            I am one of His followers and in my life away from this topic, I am known to be just about as kind and friendly and giving and forgiving as any human can be. I know many of the reasons the economic collapse is happening, and a major reason is that a huge portion of Americans pretty much stay stoned even with breaks in using. This fact has allowed people who are totally committed to evil to take complete control of the U.S.. The “it’s all good” attitude of marijuana users and the acceptance of behaviors and ideas that are not historically the societal norm, and that are definitely against what the Bible teaches – which Bob Marley claimed to endorse I believe – in error, have been like a contagious virus that has spread to even non-users because users teach in schools, universities, produce popular culture, write law, enforce law, produce t.v. commercials etc.

            I am sure that the evil ones in control of the U.S. right now would not have succeeded before marijuana use became widespread. The reason they were successful is that no one stood up to fight – why should they – they wouldn’t have cared even if they had noticed which I’m sure some did, but a huge portion were deceived – but they were feeling good because they were either stoned, or knew they could get stoned again soon and everything would “feel alright no problems Mon.

            George Soros, one of the main characters who is going to do it to you, is a huge proponent of the legalization of marijuana. Why? He knows you will do nothing to stop them if you are good and stoned, not paying attention, and confused. And although you may believe that you are the opposite of confused, that weed opens your eyes, and expands your mind – trust me if you are a pot head, you are confused as confusion relates to the way God wants you to perceive reality. That is what makes it such an insidious drug – not physically but much worse than other drugs because it drives a huge wedge in between the marijuana user and God.

            Expert Bible researchers that know the root meaning of Greek and Hebrew words that were translated into the English Bible, claim that the word pharmaceuticals – and they meant drugs such as weed, is synonymous with the word SORCERY – something marijuana users may not have contemplated that they are partaking in.

            FIRE ONE UP. WHAT THE HELL, AS LONG AS IT MAKES YOU FEEL GOOD AND PEACEFUL AND NOT ANGRY!

            How peaceful are you after about a week of jonesing? Get a little testy?

          • Lennie Pike

            Check out the new technology E-Cat cold fusion. I think it is for real, and that the technology will not be suppressed or the inventor killed by TPTB because of it’s simplicity, the already widely disseminated knowledge due to the internet that has placed the cat already out of the bag.

            It may be the main reason other than the attack on Russia’s dependence on oil revenue, that the price of oil has dropped like a rock. I know that Warren Buffet and others have sold their stakes in energy and E-Cat cold fusion could easily be the only reason they did.

            E-Cat makes Hemp even more irrelevant and obsolete as an energy source than it already was.

          • Ken

            Lennie, you are out of touch. Cannabis is far better for us than the side effect riddled pharmaceuticals big pharma pushes on us. And because cannabis is illegal (at the Federal level and still in many states) hemp, the most beneficial of all plants to mankind, is not available for all the things it can do for us. Hemp (and cannabis) has 50,000 uses, all nontoxic and biodegradable. If allowed to simply compete with oil, it could send us on a path to detoxify our world and restore human health. All negative information about cannabis is a lie aimed at preventing competition from this marvelous plant. Those who denigrate cannabis are either ignorant of the plant and its superior medicinal and industrial benefits, or have an agenda to keep cannabis from humanity for their own evil purposes. Which is it for you Lennie? Evil or ignorant?

          • sistersoldier

            Good Evening Lennie, This is only a test :)

          • Lennie Pike

            One that I won’t take. No more interaction for me with other commentators since you never know who you are speaking with.

            Not a good thing for this site, and a great reason trolls should be banned.

          • sistersoldier

            I share your frustration! I read some replies that made me repent. *Remember Matt Drudge…. “tweet and delete! 😀

    • jakartaman

      You sir live in an alternative universe

    • Harry Merkin

      I never reply to people within the group of what I call “rainbows and unicorns”. But this was so shocking, I kept waiting for the sarcasm part.

      It never came.

      I am in no way any type of financial guru. I don’t own stocks as I don’t understand the system. However, I work in the oil field. In a city that thrives on the energy sector. (oil, gas, coal and electric power generation)

      When times are bad, there’s always work here. ALWAYS. Gas here is $1.89, there are no job listings in the paper, the line at the food bank is WAY LONGER and I have friends and family out of work, laid off. At my company, just at our location, we have laid off over 100 workers.

      I don’t have to understand stocks to know from the history of my area, that we are on the edge of a cliff. I truly hope you aren’t serious about your assessment. If you are, I hope you will do more research into what is happening. There’s a storm coming, and it isn’t a small one. You need to have a backup plan besides faith in the market. Good luck!

      • Fred S

        You are so right! Everybody needs a back up plan. First part of plan is NO DEBT. Then try to get in a position of little need. A boat with a small hole takes much longer to sink than one with a big hole in it, therefore the bigger the debt hole you have the longer and harder you need to work to fix it and right your boat. We all need faith, it certainly isn’t in the markets.

      • ONE WHO KNOWS

        Something is wrong. I’m almost 50 and haven’t been this broke since high school. I can’t stay afloat financially no matter how hard I try. And just this past week I discovered that 6 people I know were laid-off. On my street the 1st five households have someone out of work. Something is wrong. When will the powers to be tell the American public the truth???

        • Mystic Light

          You aren’t alone. It is the same where I am at in Florida. The powers that be won’t tell us anything until they are ready to round most of us up to exterminate us. Many of us are just useless eaters, we are a strain on their resources.

          • SunnyFlaSnotress

            That’s what you get for voting in Rick Scott. I know I didn’t.

          • sistersoldier

            Back up Snotgrass you are treading on one of my friends!

          • SunnyFlaSnotress

            I fart in Rick Scott’s general direction.

          • sistersoldier

            I’m sorry I don’t know Rick Scott and you have such a nasty mouth even for an Atheist…… Go brush your teeth! Right now Snotty!

          • SunnyFlaSnotress

            I thought you were referring to Rick Scott as your friend.. I guess you meant Mystic.

          • sistersoldier

            I never even mentioned Rick Scott. Put that weed down!

          • SunnyFlaSnotress

            Well you didn’t mention Mystic either

          • sistersoldier

            Well I suppose that’s true….. But still its not lady like to tell someone that you “pass gas” (shaking my head) uh-uh nope….not cute at all……

          • GoldenGirl

            A little Monty Python, Miss Snotress? :)

          • afchief

            More proof that liberalism truly is a mental disease!

        • Lennie Pike

          Very soon. I think TPTB are becoming known for the criminals they are to way to many Americans and are losing control, and the powers TO BE will be back in power in the U.S. very soon and with TPTW gone, things will get better for awhile until the powers THAT WERE destroy us from afar out of revenge and so to install a one world totalitarian satanic government. At least that’s my prediction – hopefully a wrong one.

          Just in case it is not – “get out of her my people or you will be destroyed along with her” – (the great prostitute) may be very good advice.

          • SunnyFlaSnotress

            Go Lennie, Go! Before it’s too late! :)

          • Lennie Pike

            Already there and established very well just like many other Americans who think as I do.

            I do go back and forth though – hopefully I’m not in the wrong place at the wrong time, but it won’t matter that much – the criminals you support will make life miserable there for people like me soon enough.

            Just tying up some loose ends in this article – it’s my last one for awhile because like I said – I’m taking a long break from TECB in the hopes that when I check in next time you trolls will have been banned from destroying the site.

        • PB

          “When will the powers to be tell the American public the truth???”

          Why would they do that? And anyway, why start now. The only truth is in your own eyes and ears.

    • Marty Mann

      You may very well be right on that. I would have disagreed with you last week but now that things are starting to turn around this week, Im inclined to say you just might be right.

    • Paul

      You remind me of the troll “Million dollar bonus” from Zero Hedge.

    • James

      you are living in a fantasy world I am sorry. HC for President..forget it..she will sell her grandchild to be in that seat. the reason for the rally in the DOW is government men intervention, not the free market. I am sorry but you will eat your words and be a very saddened person in the not to distant future. All the very best.

      • James

        Bernie Sanders for President

        • SunnyFlaSnotress

          yeah..he definitely has a chance against Trump ::snicker::

          • sistersoldier

            For once we actually agree on something…… go figure. Angels & Demons.

    • sistersoldier

      Jesus is coming
      Jesus is coming
      Jesus is coming…… take the money and run!

    • Zachery Screeton

      PREDICTIONS? THIS IS FACTS OF ECONOMICS, EVERYTHING IS WAY OVERVALUED THE DOW WILL LITERALLY BE AT 10K WITHIN 8 MONTHS, YOU KNOW NOTHING OF ECONOMICS THIS IS A GLOBAL ISSUE AND CANNOT BE FIXED PERIOD

    • Bob Schoenle

      Please tell me what you are on or using so I may avoid it. I thank you in advance!

  • RedSky

    “No reason to panic says IMF’s Christine Lagarde, 3.4%growth is not that bad, better than last year. They are even telling us the situation is manageable as long as all policy makers upgrade their monetary policies, cooperate with each other and not just look at their domestic situation, but how their actions wll impact the rest of the world. There is volatility. There will be more than what we had in the immediate post crisis years, but it’s also a phenomenon that we have to get used to and anticipate.” Were these remarks by the head of the IMF comforting to anyone?

  • Steeve Girard

    Well, this is funny… the ECB yells, hey we are making monopoly money (QE) , and Japan goes yay! And up goes the stock market. I guess the US example is not enough, about the consequences of such policy…. Well, time to rename the whole of Europe Greece, and say good luck those 40% joblessness.

  • Megalon

    The financial situation is critical and only a trustworthy and competent person like Hillary Clinton can fix it. Why,the time she had Vince Foster’s brains blown out, afterwards she cleaned out his office for him. That just shows how considerate and caring she is! All those pesky,incriminating documents were cluttering everything up.

  • Jazz

    Woo hoo! Told ya the bottom was in. Put on your rally caps kids this market is charging right back. The bull just kicked the bear in the balls and declared victory. This bull market is still alive. New highs are coming folks. Time to prepare!

    • SP2300ROFL

      ROFL

      • Jazz

        Well you saw my trades the other day. Sold oil shorts, brazil & china & emerging market shorts and went long oil and SPY 185 calls. So laugh all you want. I’m up 40%+ in two days.

    • Bill G Wilminton NC

      Sure would be nice if the bottom was in….but I believe we are in a SLOW MOTION AVALANCHE and the reason is the same DEBT DEBT DEBT. That DEBT was never cleared and to induce the appearance of economic health THEY the traitors who lead our country…. created more DEBT to solve the DEBT problem !. These traitors have an agenda NWO and will do anything to accomplish this end of America goal.

      Jazz is correct about one thing TIME TO PREPARE !

      Shalom

      • Steeve Girard

        There you go, and now watch the short and frustrated reaction….

        • Lennie Pike

          That’s what happened all right. After I tie up any loose ends of this article I’m gone until they’re banned from the site.

          • GoldenGirl

            Lennie, I agree with you. The comments on this blog are out of control and beyond useless. I like Michael’s blog posts, but wading through the ridiculous comments are a waste of time. You take care. You are one of the good guys.

          • Lennie Pike

            Golden Girl, You are one of the good Gals – remember that word? – Gals?

            I will probably be back but definitely will not visit the comment section for a period of at least one month because like you say – wading through it is a waste of time.

            As you know, I am convinced these “people” have been assigned the task of destroying participation in discussion on this site as well as others like it because those in control of the fraudulent financial system are becoming desperate in knowing the world is waking up to their tyranny.

            Since that is the case, I should stay and not take a break so as to keep up the fight, but I will be back even if these “people” are still here – just need a little break from “Them”.

            If some huge event takes place, I will be back sooner than that.

            Thank you – a lot, and you take care. See ya, Lennie.

    • Sweet T

      I think you should panic buy AMZN and NFLX while their PE’s are still “cheap.”

      • Jazz

        No thanks. I sold my FB, AMZN, and NFLX positions last dec after a NICCCCCE RUN!

    • MaxRockatansky33

      What kind of pot do you smoke? It must be wery good quality.

  • SP2300ROFL

    SP2300ROFL 18 hours ago
    If sp500 can hold 1867+ for three consecutive days then those gurus that run money will panic buy and shorts get wrecked. Can CB’s game them yet again. That should be good for 50-75sp points. Watch n learn

    • Jazz

      S&P going back to 2,000+ geniuse

  • Marty Mann

    Good housing report this morning. Oil over $31 and dow as well as Asia and Europe are in a sea of green. No economic crisis that I can see.

    • SP2300ROFL

      Slow motion calamity due to CB’s efforts to offset it and excess liquidity but there’s no way to avoid serious fallout ahead. Let the velocity of money increase or incremental increase in average hourly wages uptick that “positive” economic news will very likely be met with tighter monetary policy measures. All just technicals at work gaming funds.

  • SP2300ROFL

    SP2300ROFL dennis c 2 hours ago
    Exactly thats the only bullish dynamic the crowded rookies short. They’re about to set slaughtered then a run up as fund mgrs try to gain alpha then q1 report window dressing. Then the carnage gets real. Individuals don’t have those ‘issues’ they’re in ‘smaller boats’ and can maneuver around and adapt much more quickly than larger institution steer “ships” for wider turns or CB’s trying to change sea levels. Excellent opportunity for individuals. Institutions are flummoxed and as well they should be!!! Jmho :)

    • Bill G Wilminton NC

      Individual investors are not in the market…..sure there are a few masochists in there but for the most part are OUT. So why do you keep referring to the individuals. It is a talking point but moot.

      • SP2300ROFL

        You can’t be serious. Unlike you many do have assets and equity and maintain well balanced diversified holdings. Stick with bunker preparations and watching for supernatural doomsday notions- at least they’re good for laughs after regular business hours :)

        • Bill G Wilminton NC

          Those funds are managed funds by those in the investment management world like janney montgomery scott etc.

          Stick to REPAIRING BIKES or whatever you do for a living and stop playing investment markets counselor.

          You have been judged and found wanting. VERY WANTING !

          NOW go back to the BIKE RACK !.

          • Lennie Pike

            There’s absolutely no way I would let him work even on a little child’s tricycle.
            He might sweep up around the bicycle repair shop and take out the trash, but I doubt if he even has the work ethic or the brain power necessary for that.

          • SP2300ROFL

            Nothing except more foolishness from Loonie Piker

          • SP2300ROFL

            Keep guessing. Your ludicrous notions are great comedy

    • Steeve Girard

      Warning, warning!!!!
      Manipulator in information acquiring mode….
      Bill G is about to be sweet talked into giving the info he wants.

  • Bill G Wilminton NC

    Contrary to what SP2300ROFL expounds over and over again the INDIVIDUALS are not in the markets. He wants to advise those that already have PROFESSIONAL advice like janney montgomery……what is this guys problem ?

    Maybe no one in his social circle ( bike repair ) will listen to his bs financial advice so he goes to a blog and force feeds his bs on the unsuspecting visitors to this site…….ENUFF is ENUFF ! go put some of your hot air into the bike tires …..just take a deep breath and puff puff puff with your hot air. I bet you could do a truck tire !

    • SP2300ROFL

      Your foolish comments and ludicrous notions of capital markets dovetails perfectly with the idiotic analysis espoused on this site. Excellent capital markets related comedy !!!!!!

      • Green tip

        Fwalker is that you?

        • Details…NOT

          fwalker15. Pay attention to details. If you can not recall or relay information accurately, start a blog of your own.

          • Green tip

            What your but hurt cause I didn’t put the 15 in there?

    • Guest

      Bill,

      He’s just a troll. He does it to get a rise out of the readers here. Ignore him.

      • Steeve Girard

        To the eyes of the untrained… yes.
        But he is actually one of the hidden agendas types.
        .
        If I was a cop, I would have long ago tap his phone and internet lines

    • Sweet T

      SP2 doesn’t have a job. He’s just trading his birthday money from his mom’s basement. I predict he blows through 90% of his cash by Memorial Day, then disappears like a dandelion in the spring.

      • SunnyFlaSnotress

        SP2 is the smartest poster on this site.,

        • Bill G Wilminton NC

          SP2300ROFL is a poster alright……THE POSTER CHILD of BS !

        • sistersoldier

          HA! You just lost all credibility – Oh wait you didn’t have any…. carry on.

          • SP2300ROFL

            Do they all consider themselves soldiers there at the salvation army? ROFL

          • sistersoldier

            My city doesn’t have one. They closed it because we do not have the demographics to meet the needs of a Salvation Army. Not that it is any of your business but my father and mother served in WW2, my brother served in Vietnam and my husband is Army Retire Vietnam and Iraq. My loved ones fought, bled and died for this country therefore I have EVERY right to voice my 2 cents and sometimes maybe even 3!

          • SP2300ROFL

            Doubtful you have two cents to rub together.

          • sistersoldier

            Oh Snap! You are right I don’t keep pennies…… Only the kind of money that folds…. :( want some?

          • SP2300ROFL

            U.S. never minted a penny- another misnomer. Get an education.

          • sistersoldier

            Apparently once again you are not paying attention! Do you have ADD? Need some Ritalin? I SAID I DON’T KEEP PENNIES!!!!!! Thank you.

          • SP2300ROFL

            I’m paying attention to your ridiculous pathological lies and the comedy they provide

          • sistersoldier

            Huh? What did I lie about?

          • SP2300ROFL

            Between all the lies by deception and lies by omission doubtful you’ve made any truthful comments jmho

          • Lennie Pike

            I will try to explain to you what this pothead just did to you. It is hard for an honest person with real human emotions to understand what just happened, so I do not fault you.

            After I explain to you what just happened in your exchange with this dishonest hater of real people, honesty, and all things good – you may understand better why my advice was to ignore it. I use the word it, because it is a demon in total control of a completely lost soul. Out of ignorance you are attempting to communicate with it. The reality is that it hates you because you are of God as all of the other trolls present here do, and derives pleasure out of toying with you, among other more destructive reasons.

            It’s main purpose is to cause you to become angry so that it can have a good laugh and cause destruction in other areas.

            It knew that you did not use the word “penny” but that you had actually written “pennies”. It accused you of using “penny” because it knew that you would accuse it of not being perceptive and making a mistake. This is a tactic they love to use – to intentionally make a mistake or speak an untruth so that other’s will attack. It’s goal was for you to go against God’s Will by being critical even if it was of what it had claimed – it set you up and only wanted you to become angry and critical to fulfill the wishes of it’s controller.

            After you protested to it that it was it who had made the mistake – by saying that you had NOT used the word “penny”, it said: “BETWEEN ALL THE LIES BY OMISSION – (it did not specify that these lies were your lies – which is blatantly and right under your nose admitting that the lies are it’s lies and not your lies, knowing that you will think differently due to being an honest human being who takes people at their word) DOUBTFUL YOU’VE MADE ANY TRUTHFUL COMMENTS – JUST MY “HUMBLE” OPINION.”

            Do you see – it is telling you that it is doubtful that you can say anything truthful because of it’s lies, and makes the claim that that was it’s “HUMBLE OPINION” – flaunting the fact again right under you nose that it is admitting it has absolutely no humility – which is of satan.

            Yes, demons are very intelligent and this “person” as suggested here, very well may be the most intelligent commentator on this site, but I’d like to see how intelligent “he” would be if “he” laid of drugs and I guarantee you marijuana is “his” drug of choice, and denounced satan and turned his life over to Jesus Christ!!! “He” doesn’t have the courage to go through the change due to how painful he only thinks it would be.

            This is the reason I am gone from this blog for now. Good luck fighting these demon possessed trolls – they should be ignored instead – as per God’s instructions to not deal with anything satanic.

          • Lennie Pike

            Sister Soldier: I meant for the reply above to be sent to you obviously, but somehow it got sent to SP2 in error – a possible miracle? Maybe God redirected my message to it in hopes of saving it from the destrution in hell it is scheduled for – probably – after all it’s not my decision.

          • Lennie Pike

            I missed the part about “LIES OF DECEPTION” along with “LIES OF OMMISSION” which was kind of important since it was the deceiver, and was accusing you of deception.

            When they’re lying – the tend to speak like that – which is always – it is their nature and the nature of their leader – the greatest liar of all time.

            Why would anyone ever speak to someone who says everything in bad faith unless they are a fool – and you Sister Soldier are not a fool!

          • Lennie Pike

            Unless you are one of the characters they invented to create the appearance that someone is actually willing to speak to them – it wouldn’t be a first.

            Like I said – they’re very deceptive and are only able to lie and do everything in bad faith.

          • SP2300ROFL

            ROFLMAOOOOOOOOOOOO….

          • Lennie Pike

            Same as no reply.

          • Lennie Pike

            Chicken here also.

          • Lennie Pike

            Actually, the term “chicken” can only be applied to real Human Beings – and I am serious, I am not being critical – only trying to educate those who would be willing to interact with liar demons.

          • Lennie Pike

            In it’s other post, it is admitting that the “ridiculous pathological lies and the comedy they provide are IT’S pathological lies, knowing that you will assume he is accusing you of same.

            Why would you ever communicate with something that admits it will only lie to you?

            Now you know with what you were communicating with.

          • Lennie Pike

            I predict I will get no snide remark from SP for this comment for hitting the nail on the head.

          • Steeve Girard

            Don’t explain… just find what is the hidden question, answer it, and let him, in his burnt ego frustration, tell you in a very short sentence how he is offended. That will mean you nail it.
            .
            People like him are not the rational type… but more the manipulative kind.

          • Lennie Pike

            That strategy sounds like one that would work very well – it got extremely upset when it’s colleague “Green tip” recognized him from his troll work elsewhere and asked “is that you FWalker?” – but left out the”15″ in it’s name – FWalker15.

            So yeah, it has an extremely unnaturally huge ego – I reckon because it is so smart.

            Not trying to one-up your strategy – because it dovetails with yours – but another good strategy then would probably be to use it’s name incorrectly just like Green tip did – maybe call it SP2015 since it can be read like last years Sears Roebuck Catalog – WHAAAA HA HA HA!!!!!!!!!!!!!

            To me these idiots sound like they may be military psy-op department workers – “Green tip” could easily refer to green tipped armor piercing ammo, and FWalker maybe Fort Walker either in Atlanta or Hilton Head, SC. I am probably wrong – but you never know.

            I only thought of that possibility because their egos fit the type most members of the military have nowadays – grossly and artificially over inflated egos. They have been brainwashed in order to deceive them into be willing to carrying out any order no matter how illegal or inhuman.

            I realize I may sound like I have one similar, but I know that I do not – it’s just real confidence based on something entirely different.

            I am too long winded I know – it is hereditary. See there, one of them would never say anything like that.

          • Kat T

            Awesome! Very eloquent.

        • SP2300ROFL

          Thank you. You sure got them manic now. They’re piling out of the clown car now with their useless rants. They must really be knocking the cover off the ball with their brilliant market insights….not. ROFL

          • Bill G Wilminton NC

            SP2300ROFL the individuals are not in the MARKET……the volume is low…..and it is institutional BUYING.

            ENUFF is ENUFF with your constant claptrap BS

          • SP2300ROFL

            Low volume is bullish. You sure don’t know much at all as you further prove beyond any doubt with each comment.

        • Sweet T

          By the 4th of July, he’ll be the smartest guy working the soft serve machine at the Dairy Ripple.

          • SP2300ROFL

            Are they hiring? :)

          • Sweet T

            Not for long. Better hurry.

    • SunnyFlaSnotress

      SP2 is #1!

    • Steeve Girard

      I think you underestimate SP2… the guy clearly has an hidden agenda.

      • Bill G Wilminton NC

        Steeve you are right about SP2300ROFL….and anyone that takes Market information for FREE from SP2 gets the value of what they pay for……..0 ZEROE.

  • Fellie Chn

    MY DJI prediction – – – >> would go as low as 12947. . . ! Last Price . .

    • SP2300ROFL

      A better prediction is that you’ll make 12947 ridiculous guesses before any significant decline in djia occurs.

  • Fred S

    I believe Michael is spot on here! His last sentence says it all.

    2016 will be a year we all remember.

  • SP2300ROFL

    SP2300ROFL 5 hours ago
    Looks like CB’s have successfully gamed rookie bears once again. An excellent opportunity to lighten up. If bulls were scared last few days wait till you see what q2 brings. AAPL may be best canary in the mine if it gets over 100 and holds three consecutive days then relax if not I’d expect 80s comes quickly and all relative valuations across all assets with it. Today’s action is banks relief as energy issues have them on their knees. Nothing more than relief rally. The notions of fundamentals justify these levels is best viewed as comedy..

    • Jazz

      Glad I bought S&P calls on Wed :) Up 40%+

      • SP2300ROFL

        Congratulations :)

  • Bill

    Everything is getting very nasty. A storm is going to turn the energy market which in turn jacks the financial markets? No way. The elite are hyperventilating and desperate.

    Same goes in the political arena. As with Kelly’s new attack on Trump.

    The East Coast Storm is going to be an excuse for many an ill. You are right Michael, just wait and see what happens next.

  • Guest

    Could Mario Draghi’s , that little Italian dragon’s comments had something to do with the current upswing in the markets all over the world?

    Another QE , European perhaps?

  • Truegrit

    Love your articles Michael.
    I used to learn from the knowledgeable commenters, and looked forward to their pontifications and occasional slap back at my own attempt at analysis.
    It has really deteriorated! It is difficult to suffer the smarmy little quips from so many that some call “Trolls”. I think I’ll take a break from the comment section for a while.
    I won’t miss one of your articles though. Thanks for your research and good work, It is appreciated.

  • billtheguy

    Friday was one of those small “up” bumps on the charts that we see.

    • SP2300ROFL

      It may appear like that to the inexperienced and uneducated.

      • sistersoldier

        Its not a bump its…… its green light— RED light!, green light — RED LIGHT!, green light —- RED LIGHT!! Did you play that game in school? Did you go to school?

        • SP2300ROFL

          No I was homeschooled in the trailer next to yours. ROFL

          • sistersoldier

            Whats a trailer?

          • HeyAHuman

            …said no American ever lol.

          • SP2300ROFL

            The place you call home roflmao

          • sistersoldier

            Running out of ammo? I can tell… its okay… there there now Big Daddy Uncle Sam has got you…. Just don’t let him touch your private parts like they did in your home school…… You can trust me I will keep your secret.

          • SP2300ROFL

            No need to share your deranged family secrets in this forum. Seek professional mental health counseling; it appears you need it- desperately.

          • sistersoldier

            I am in complete control of my faculties. If I didn’t know better I would think that you and Sunni Snotgrass are one in the same person or demon which ever is applicable? That is such a sad thought…. I tell you what since obviously I have hurt your feelings. I am going to delete my insensitive comment. I must represent Christ at all cost. So I will be the bigger person and concede to the fact that you are a lonely and suffering person. I will instead pray for you. Yep that is the right thing to do.

          • SP2300ROFL

            You also think soldiers from Viet Nam era served in Iraq. Doubtful many soldiers over 70 years old served in IraqIraq ROFL

          • Lennie Pike

            I skip over everyone of sp200’s, Sunny’s, Alwaystomorrow’s, etc. comments without reading them like most people here – I’m sure you will be doing likewise pretty soon. Their comments add absolutely nothing to this site, and are a waste of your time and only cause grief for you and everyone else.

            In all likelihood they are paid by Geroge Soros and his fellow satanic criminal NWO mafia gang members to destroy this site and dissuade people from reading the articles and participating in the discussion.

            If I owned this site they would be banned regardless of coming up with new names when needed – it’s very easy to i.d. these “atheists” but if not yet probable future satan worshipers.

          • sistersoldier

            I appreciate the list. I consider this bootcamp for my faith. I use to read the article not even venturing to the comment section. I have discovered that you learn a lot about humanity “technically” reading the thoughts of others. That the sort of rhetoric displayed by the aforementioned group is rooted in a history of hurt and pain. Please know that I am a contender of the faith and I am wise in the ways of their firey darts. Which is why I fight fire with fire. Thank you for your input as I respectfully agree.

          • Lennie Pike

            My reply to you urging censorship of the trolls was censored.

            Like in the movie “The Jerk” with Steve Martin as Namon Johnson working the Guess Your Weight scam at the carnaval – “Now I get it, it must be becaus of one of those profit deals in between the Pez Dispenser and the Chicklets.

          • sistersoldier

            LOL! Yes, I have come to notice that they are infringing upon our second amendment right with renewed vigor. Comments either disappear or are reorganized to disrupt the contextual integrity. And if you publish comments that seem contrary to your usual speech they will select those and display them in order to discredit your message on the gestapo “trending email” of what is being discussed. If that fails they delay it by hours before posting. I guess we will have to learn from Matt Drudge of the Drudge Report to tweet and delete before they can do it for us. What a country! The police are everywhere except with regard to the world wide web their mission is not to protect and serve. I share your sentiment.

          • SP2300ROFL

            As you’ve clearly stated in your comment, the other sites also consider your insane comments disruptive. Perhaps this site will take notice and continue to delete them as well; inane and useless overstates their content.

          • sistersoldier

            Yessssssss Beelzzzzzzzabub Baal u rang? There you go misinterpreting my words. I never said other sites and I was referring to only this one. But if you are going to quote me please use these exact words, “Jesus Saves”! Even you couldn’t get that wrong.

          • SP2300ROFL

            Ridiculous banter

          • SP2300ROFL

            Once again Loonie Piker begs for support and/or any type of validation whatsoever in efforts to mitigate his shattered ego / identity-crisis issue(s). Why waste the bandwidth and readers time with such ludicrous and deceptive nonsense – which contains absolutely zero financial or economic or recognizable value (of any kind) whatsoever? Initially that absurdity seemed comical however at this point, absolutely pitiful best describes his antics.

          • Lennie Pike

            Here’s some economic and financial value for everyone other than you – that will soon be recognizable to you and everyone else sometime this year, unless the cashless system is acceptable: buy all of the gold and silver right now that you can lay your hands on with all the soon to be worthless fiat money that you can lay your hands on.

            And for you I have the following of value to add: find someone qualified that will lay their hands on you – as in “the laying on of hands”. I will volunteer to do this for you if you wish, even though I will probably have to go through what the priest in the movie “The Exorcist” had to go through. But no problem – I am already dead and can not be hurt because I have been born again. To help others is what I’m here for!!! It’s the only way to fly!

          • Lennie Pike

            Yet another example of NWO trolls avoiding the gold and silver issue at all costs, so we all know what that means don’t we? BUY, BUY, BUY!!!! – and the time to do so is NOW!!!!!!!!!!!

          • SunnyFlaSnotress

            “In all likelihood they are paid by Geroge Soros and his fellow satanic criminal NWO mafia gang members to destroy this site and dissuade people from reading the articles and participating in the discussion.”
            Lennie is one funny guy..lol
            They need him on late nite talk shows.

          • Steeve Girard

            I think you should read them not as rational comments, but as emotional markers, especially sp2000’s, because I remarked that person is hiding his questions in his inanity. The others are more the entertainment mark, but also have that tendency from time to time.

          • Lennie Pike

            Demons? Now you’re getting the picture.

            Like I have stated, what’s happening with the world’s financial system now is a battle between good and evil.

            These demons are not here to play.

          • Steeve Girard

            Yes be a good Abrahamist, kneel down, put you hands in front of your face… hold God in your hands, and suck!

    • Sweet T

      S&P needs to bounce around 1950-2000 for a little while to complete a right shoulder. By spring it’s in free fall.

      • Jazz

        Gold star. S&P heading up up and up!

        • Jacynthia Read

          Then you need to buy, buy, buy.

          • Jazz

            Already did. Bought spy $185 calls on wed and up 45% so far. Not too shabby!

          • SP2300ROFL

            Remarkable that last night those calls were up 40% and now 45% while the market has not opened since. Any chance of posting a symbol for those magical options? :)

          • SP2300ROFL

            ….. CRICKETS.o……

  • Bill

    Michael, how about doing an article on the ESF?

  • Ben

    Yet the American and global markets had a fantastic bounce back today. They are fighting back the past two days, and I guarantee 400-600 point gains on Monday and Tuesday just on the Dow alone.

    • Steeve Girard

      That is just the repair (FED patch) maybe kicking in… it’s gonna last around 7 years.

  • Alasha

    Michael!!! you knocked it out of the park on Alex Jones!!! One of the few who keep up and even out talk Alex!! Godspeed!!!

  • stingray

    gov will say everything will be alright and jobless will be 4.0

  • Karl Manson

    Those who invest in the stock market today are gambling with their future and security (driven mainly by greed). And these people will be the first ones to feel the pain when they witness how their investments become worthless financial products -and no sympathy for them.

    The sooner the economic collapse takes place the better.

    End of story

    • SP2300ROFL

      Although it may appear ridiculous to a super genius like yourself but you don’t think maybe diversify out of those nice safe dollars and own portions of some of those multi billion dollar multinational companies just in case you’re wrong (again) and civilizations do survive? An absurd notion?

    • Lennie Pike

      You are right.

      Civilizations can survive at the same time that people who gamble with financial products are feeling the pain from their investments becoming worthless.

      The value of anything is what someone is willing to pay for it – and it may be something that you can not use directly like “stock in multi billion dollar multinational companies.” – just try going down to the companies factory (in China probably) and demand to trade your stock certificate for a piece of equipment that you could sell. And if it is valued in dollars, and if we are speaking of the very near future – you will be stuck up the creek even further than you thought you possibly could be. And if everyone is panicked and selling their stock and stampeding toward the exits – good luck finding a buyer for your “investments” at whatever price.

      Due to the unimaginably unmanageable level of debt worldwide which will soon bring an end to the present fiat money based financial system, the liar’s words have been proven yet again to be a lie – all of us here that seek truth know that you are the genius – not the genius liar.

      • SP2300ROFL

        Although that appears to be Loonie Pikers most lucid comment in quite some time, it remains factually incorrect as in absurd lunacy.

  • It’s happening again

    I think the shemika struck again. There is a huge snow storm on the east coast.

    • Bill G Wilminton NC

      shemitah…………..lol not responsible for everything.

      • SP2300ROFL

        Or anything … other than comedy and marketing to lunatics.

        • Jazz

          Lmao. Well I see you keep frequenting this lovely establishment

          • SP2300ROFL

            You clowns are the greatest capital markets related comedy on the entire worldwide web. At least the other clowns have the market direction correct they’re just off on the timing. You’re in a category of your own – sub-idiot level – nonetheless excellent comedy.

    • HeyAHuman

      It may have been the new 9th planet.

    • Steeve Girard

      (parodying Across The Universe)
      Captain Cosmos told meeee!
      Ahmmmmmmmmmm!
      May the force be with yoooooooou! x4

    • Jazz

      Lol! Isn’t it Shemitah? And wasn’t that last year?

  • Blue Moon Monday

    The blue moons did it

  • df NJ

    Grocery stores were packed before the storm. Good boost in sales.

  • SP2300ROFL

    SP2300ROFL
    4 minutes ago
    Let’s get some fast and dirty technical analysis out of the way cause I’m too lazy to do any detailed analysis and high emotions likely overshoot anyway. Recognizing momentum is measured on weekly close changes on percentage basis. If the sp500 closes up 30 points next Friday bulls have regained momentum. If the bears can achieve volume reversal and sp500 gives back 85% of last weeks gains or about 27 points then expect a retest of last weeks lows. Seems like 3 confluences at 1872.4 maybe that holds. Any close above 1972.5 should see run to 1998+ like a magnet. As usual though its all about the evolution of the incoming data – my new favorite saying on this 90%+ algo driven technical analysis dream come true environment. As usual any geopoli or exogenous event can knock the stuffing out of the piñata. Jmho :)

    Watch and learn doom and gloomers :)

    • Lennie Pike

      Don’t feed it.

      • SP2300ROFL

        Quit begging for validation Loonie Piker. Your comments are as worthless as you get back to work in your taxicab before you’re evicted from your trailer ROFL

        • Lennie Pike

          Quit talking to yourself, make some friends instead – actual real people who will talk to you………F-R-I-E-N-D-S – friends. A dog will not cut it because the dog will avoid you too. A turtle maybe or snake – yes!

          Before any possibility of making any human friends (the reason you are here by the way), you need to become human first and “with God, everything is possible” – J.C..

        • Lennie Pike

          I can’t. I’m on my sailboat (yacht to you) approaching the mouth of the Amazon River. Where you at? In your Mom’s basement?

    • Jazz

      Markets going to new highs. Buy on them dips!

      • SP2300ROFL

        Keep guessing its great comedy :)

        • Jazz

          Well I called the bottom so laugh all ya want fool

          • SP2300ROFL

            Of course you did – 100 times since August each at lower levels. Tell us how AAPL was going to 200 by December again too roflmao

          • Jazz

            Again I have zero interest in appl. I called this current bottom on wed and mapped out the $185 spy calls I bought but nice try small frie.

          • SP2300ROFL

            Of course you did Pinocchio. BTW it’s fry not frie. Your tales of multiple masters degrees and equity markets prowess might be somewhat believable if you had proficiency in spelling – at least at a second grade level. Thanks again for the continuous laughs Pinocchio.

  • SP2300ROFL

    SP2300ROFL SonOfOlaf
    4 minutes ago
    Bad news is good news, good news is good news, no news is good news. IMHO its all about technicals and still plenty of excess liquidity sloshing around markets. Algos are trying to fleece any money managers and money managers are just trying to stay ahead of benchmarks and gain alpha – they’re already reallocating and building positions for q1 reports – back to business as usual until q2. IMHO will take some drastic unforeseen policy related news or geopoli event to upstage that. The shorts are trapped underneath as forced buyers to fuel any intermittent ‘pauses’ and the market is speaking. Turn off the television. Price action never lies – the spin doctors do. I’m as bearish as the most grizzly bear anywhere – the bottom is zero- but markets appear to be saying “not just yet” jmho

    • Jazz

      Yup markets going to new highs. Buy buy and then buy some more. Oil will be up big too!

  • Jazz

    Woo hoo! Futures up again. Rally rally like it’s 1999!

  • Nathan Rothschild

    What a wonderful year 2016 is turning out to be. So many great buying opportunities that I feel like a kid in a candy store.

    • Jazz

      Exactly. S&p is already +5% from bottom and heading even higher tomorrow. Bet we hit new highs on S&P by end of march. I bought S&P 500 calls last wed. I’m loving it!

      • SP2300ROFL

        Roflmao. Dr Seuss has nothing on you.

        • Jazz

          True true I love profits do you?

  • Jazz

    Many don’t realize a correction is a GREAT buying opportunity. Buy on the dips and make a fortune along the way.

  • Jazz

    All the Oompa Loompas must be hating this big time stock marke rally. The end is not near

  • SP2300ROFL

    SP2300ROFL Silver Savior 9 hours ago
    Silver almost done building seven week base ahead of 15% probe higher jmho :).

    • Lennie Pike

      SP2015 says to buy silver? Obviously another one of it’s manipulative reverse psychology deceptive lies.

      Now it advocates buying silver – but at the same time paper lies also.

      Buying both is exactly like betting on the Pass Line at the same time as betting on the Don’t Pass line in Craps – except infinitely stupider since in advance you know for sure that one of them will be a sure winner, and the other a sure loser. So SP2015 is recommending to make a bet that is a sure loser and that bet is on stocks and other paper lies based on an even greater paper lie – the Dollar.

      The “advice” of SP2015 is a reverse psychology strategy attempt to discredit all of my previous advice about buying silver and gold. Accompanying all of my advice to BUY, BUY, BUY – NOW, NOW, NOW!!!!!!! physical gold and silver and take possession thereof, were my predictions that the trolls would not touch the topic of gold and silver (so they were force to lie) because it is the soft under belly of the NWO – that only one ounce of physical gold bought by and delivered to 100 million people would derail the efforts of the NWO of enslaving the world with their cashless system for a very long time.

      It could be a different outcome though, and be implemented more quickly (but not everywhere) if the proven satanic NWO were to achieve it’s totalitarian world government through the use of violence instead of the cashless system they have in store for us. That lying un American little fuzzy foreigner NWO propagandist Fahweed Zahkaria or whatever on CNN and colleague of SP2015, just yesterday was drumming up support for their cashless system on a Sunday political t.v. show.

      As proven over and over, these “people” are psychopaths and have no problems using violence to remain in control – it’s just that the use of violence may not work out too well for them due to the objections of Russia and an American population armed to the teeth.

      SP2015 recommended buying silver for only one reason – because I had claimed that it would not make that recommendation and to discredit through another of it’s weak attempts to deceive.

      Psychopaths think all of us are stupid due to our human emotions that interfere with how we perceive cold dead reality – we always hope for and expect the best in people and take them for their word because we are influenced by Love for our Fellow Human Beings. But some of us have a natural gift, and have had more contact and lifetime experience in detecting psychopathic b.s., and are able to see how they operate better than the average Human. There are a few of us on this site really good at detecting their b.s. and do not let them get away with lying.

      SP2015 yet again made the mistake that psychopaths always make – it’s almost impossible for them to know that sooner or later, normal people come to realize what they are, and only feel sorry for them, so I guess the time has come for them all to be replaced with new psychopaths, or to at least begin using some new names. Their only choice really on this site really though, is to get lost – name changes won’t help.

      So, obviously – do what the liar SP2015 recommends – BUY BUY BUY – NOW NOW NOW – physical gold especially to derail the NWO, but silver also for survival in your near future . You can not eat it true, but money exists for a necessary reason, and as John Pierpoint Morgan famously said (J.P. Morgan) – gold and silver is money and nothing else is! “THEY” know it to be true! You can’t eat FRN’s either.

      Ever since I began urging people to buy, the price of gold and silve has gone up. Could this be the reason? For sure no – not yet, but if everyone begins to spread the word and BUY, the answer will be yes.

      Prices rising could easily be the reason I got a rise out of SP2015 though.

      Was that longer than the article itself? Hope so, because for sure SP2015 was forced to read it – enjoy!

      • Lennie Pike

        But now it can not reply, because that would be admitting it read what I wrote.

        Oops, I was wrong – not that I said it can not reply, it probably will. But with that everything has changed yet again – it won’t reply – It will, it won’t, it will, it won’t, it will, it won’t……………proof of a meaningless existence.

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