Big jump in the Dow yesterday - up 889 points. Does this mark the end of the downturn…the bottom of the bear market…the worst it’s gonna get? Read on…
October 30th, 2008 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "stock market"
Why it’s Better to Cut Yourself Off From the Financial Media (Except for us, of Course)…
The planet’s financial press is beginning to see things our way. “In the first place, the U.S. federal reserve applied a very expansive monetary policy.”
October 28th, 2008 | Bill Bonner | 1 comment | Continued
How Much Worse Can the Stock Market Get? A Lot Worse
Last month closed with some far from comforting news about the state of the US housing market (sales and prices still falling), US financial institutions (Fannie Mae and Freddie Mac in need of rescue), Australian banks (NAB’s 90% write-down of its US CDO portfolio). Then ABS figures showed that retail sales had fallen “unexpectedly” by one percent in June. The recent rally in stock markets came to a sudden end. The question “how much worse can “It” get?” is once again doing the rounds.
August 6th, 2008 | Dr. Steve Keen | 3 comments | Continued
What’s the Economy Telling Us?
Up, down…up, down…what’s going on? Is the economy recovering? Is the stock market giving us the “all clear?” Is the smart money buying the United States of America again?
May 9th, 2008 | Bill Bonner | 0 comments | Continued
Asian Markets Have Been Hit Hard By The Subprime Crisis
Interestingly, Asian markets have been hit hard… not by anything they did wrong, but by the sub-prime crisis, which was 100% made in America. The emerging markets have their troubles and weaknesses, Manraaj concedes, but they are fundamentally in better positions than the US, because they have less debt and cheaper operating costs.
April 7th, 2008 | Bill Bonner | 2 comments | Continued
No Great Depression but Still Plenty of Depressing Financial Statistics
There ain’t no Great Depression. But that doesn’t mean that there aren’t a great many depressing financial statistics…and a great many financial decisions in need of correction…and a great number of people who will wish they had done things differently. But yesterday, stock market investors seemed to think the worst that could be seen had been seen; it was time to bid up stocks again.
April 3rd, 2008 | Bill Bonner | 4 comments | Continued
The Wall Street Journal Calls the Last Ten Years a “Lost Decade” for Stockholders
The Wall Street Journal calls the last ten years a “lost decade” for stockholders. The S&P is now about where it was in 1999. Stock market investors are ten years older and wiser; but not a penny richer. And now they’re beginning to wonder about the whole scheme of things…
March 31st, 2008 | Bill Bonner | 0 comments | Continued
Gold Bull Market Only in its Teens
The bull market in gold started on a transition to “the middle stages” of an inflation cycle that began with Greenspan’s reign in the nineties. During that decade, the pundits argued that inflation was dead and that there was no longer any correlation between money supply growth and the price level, which was true if you forgave the method of calculation of both statistics, and ignored the technology bubble. But, the fact was simply that we were in “the early stages” of a new inflation cycle.
March 28th, 2008 | Ed Bugos | 8 comments | Continued
The Worst Conditions for the U.S. Economy Since the Great Depression
As we write this, gold futures hit $1,000 an ounce before pulling back. Gold at $1,000 will probably seem a bargain sometime in the future, but in the months ahead, it could be a source of irritation. Corn, wheat…and industrial commodities…could be an even bigger disappointment…
March 14th, 2008 | Bill Bonner | 7 comments | Continued
Conflicting Forces Acting Upon the Stock Market
Stock prices in the ’70s, for example, tended to bear up or fall a little. In real terms, however, they fell a lot. We seem to be coming upon a similar situation now - popularly known as stagflation. The economy is sinking… while inflation pushes up consumer prices.
March 4th, 2008 | Bill Bonner | 0 comments | Continued