Friday, June 10, 2016

Bad Day for Stocks

Thursday, June 9, 2016

Bill Gross: Supernova of Debt Will Explode

A supernova of debt is here, and when it implodes, it will be undeniable that some people, like Janus' Bill Gross -- America's bond king billionaire -- DID see it coming, and was systematically ignored.

Wednesday, June 8, 2016

Who's Buying All Those Bad-News Dips?

V-rallies everywhere! Who is buying all those dips as the news becomes more and more morose in recent months? Some suggest the Fed is behind it. After all, there is no limit to how much electronic money they can create out of thin air!

We have been lulled into a false sense of prosperity, and it's only building an ever-larger house of cards! Here we are, sitting at near-all-time-record-highs, even as earnings collapse, job hiring is stagnating, and the manufacturing sector is weakening! Who is foolish enough to do that? And who is foolhardy enough to believe the faux prosperity!
Another tell-tale sign of manipulation: the buying halts almost the moment stocks get to 2,100 on the S&P 500. At this point the manipulation ends. And because there are few REAL investors buying stocks at these levels, the market immediately retreats.
Could it be that the Fed or Plunge Protection Team is aware that earnings are collapsing… signaling that this stock market bubble is ready to burst? -- Phoenix Capital Research

Monday, June 6, 2016

Central Bank Delusions

"This is the market we have now: dominated by delusional, irrational central planners with unlimited powers to create money out of thin air to fund their manipulations.
The only rational response is to trade accordingly: anticipate constant manipulation, anticipate constant bombastic propaganda of the "whatever it takes" variety, and anticipate massive selling of volatility to maintain the ever-so-important illusion that global risks have been disappeared by central banks and central planners.
Until the central planning madness destroys markets' ability to discover price and allocate capital. Then you end up with Venezuela: a failed state and a broken economy that can no longer feed its people despite the nation's vast oil wealth.
Volatility has been chosen as a "signaling device" by central planners. A low VIX signals all is well and risk is non-existent, so central planners suppress VIX.
In a world roiled by staggeringly large risks, can VIX be suppressed forever? That's a difficult question in a market dominated by irrational central planners." -- Charles Hugh Smith, Of Two Minds blog. 
Read the rest here!