Back in 1999, when the Nasdaq was going parabolic in what would be its last hurrah, the market was sending clear signals that all was not well. But you had to look beneath the surface to find them. There were technical divergences building up (declining market breadth, etc.), and also some key indexes like the [...]
October 11th, 2007 | Mike Shedlock | 1 comment | ContinuedArchive for Mike Shedlock
Michael Shedlock (Mish) worked in the financial services industry for 20 years at some of the top institutions in the country including Harris Bank, the Bank of Montreal, Bank One, First National Bank of Chicago, and First Data Corp. Mish is currently doing economic and investment research for a number of clients and is the co-editor of The Survival Report. In addition, Mish runs one of the more popular stock boards on the Motley Fool, Investment Analysis Clubs/Mishedlo and one of the more popular boards on Silicon Investor as well, Mish's Global Economic Trend Analysis.
How to Keep Your Money Safe During the Credit Crunch
Consider the plight of Raymond Przybilinski:
“He socked away US$521,000 from a lifetime of driving trucks, working overtime when he could, and playing the piano or accordion late into the evenings at weddings, hotel bars, and social clubs…
“The money was destined for his five children. But that was before more than half of the family nest [...]
U.S. Housing Market: Patterns Show an Impending Tsunami
Imagine a column of water in the Pacific Ocean, 4,000 meters deep and seven kilometers wide. And it’s heading toward you literally at the speed of a bullet.
A volume of seawater traveling at that speed is classified as a Tsunami – the biggest and most devastating of all ocean forces.
The seventh most devastating natural disaster [...]
Melting U.S. Coins for Profit
“People who melt pennies or nickels to profit from the jump in metals prices could face jail time and pay thousands of dollars in fines, according to new rules out Thursday,” reported USA Today last week.
“Soaring metals prices mean that the value of the metal in pennies and nickels exceeds the face value of the [...]
