Just a month ago, the Dow Jones Industrial Average was completing a bizarre run from 6,800 to 8,800, following the monster decline from 14,000 less than a year ago. Aside from the obvious “dead cat bounce” phenomenon, the market (helped, of course, by the omnipresent PPT) was aglow with dreams of “green shoots of economic recovery”, a propagandist platform created by a combination of Washington, Wall Street, and scheming media outlets such as CNBC. There was no real evidence of such a recovery (even in “massaged” government figures), other than that the freefall of economic activity that commenced last autumn had started to slow to a more normalized decline, hardly what I would call reason for excitement. And given the major bankruptcies of General Motors and Chrysler that have occurred since then, as well as continued... [read full story]
|
RELATED
|
|
Since the Obama administration took office in January, we’ve seen hundreds of billions pumped into the economy and the U.S. budget deficit now forecast to top the one trillion-dollar mark in the coming years. Many believe it’s...
I like gold and the whole precious metals market which is why I follow it, invest in it and base my professional life around it. Warren Buffet, one of the world's savviest investors, doesn't like gold at all. He doesn't believe...
Indian gold, silver demand could be hurt by duty hike Gold GC-FT slipped in Europe on Monday, pressured by gains in the U.S. dollar as investors bought the currency as a safe store of value amid fears over the outlook for the...
SO YOU THINK GOLD FELL DUE TO A “STRONG DOLLAR”? Short gold heavily (with unbacked paper contracts) on the way up, so as to mute its rise, and then attack when some market or other (such as the dollar, the Dow, oil, etc.) makes...
Submitted by cpowell on Sun, 2009-07-05 21:42. Section: Daily Dispatches From The Daily Bell Appenzell, Switzerland Sunday, July 5, 2009 http://www.thedailybell.com/index.asp?fl= The editors of The Daily Bell are pleased to...
Bill Murphy, America Stock Markets Indexes, Investing & Markets, Human Resources, Unemployment & Downsizing, Utilities, Finance, Banking & Insurance, Economic Indicators, Unemployment, Social Problems, Precious Metals, Unemployment Figures, Silver Markets, Dow Jones Industrial Average, Primary Metals, Financial Markets, Waste Management, Economy, Commodity Markets, Nonferrous Metals, Stock Markets, Foreign Exchange Markets, Stock Market Indexes, Precious Metals Markets, Investing, Metals Markets, US Stock Indexes, Gold Markets, Citigroup, General Motors
