Junk Bonds Warn of Pullback in Stocks The stock market continues to reach record heights, positive earnings have surprised consensus and the leading indicators on the economy look warm and sunny. Some caveats are the German resistance to European growth, the notable lag in small cap stocks in the US…
Bull Market Dragged Lower in Stock Market With the major stock averages falling 10% at their lows we advised increasing exposure to 90% invested. Markets are priced on earnings expectations and long term cycles still point higher. We highlighted a short term bottom last week with an options chart at…
Since the 1970’s with the advent of free floating currencies and free market capitalism the global economy has progressed at unsafe speeds powered by a seductive credit machine that will gladly foster consumption today for payment tomorrow. A tomorrow that never comes! Deep down we know that our ego has…
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