A global media aggregator of social, political, economic and market insight.
 

Has the U.S. ‘secret deal’ with Saudi Arabia hurt its own shale oil industry?

EDITORIAL In October, John Kerry went to Saudi Arabia to negotiate a “secret deal” with the Saudi’s to help in the fight against ISIS in Syria. That was the reported reason, anyway.    Continue reading »

The Federal Reserve adds "Patience" to its lexicon – the stock market apparently thinks that’s a good thing

Yesterday’s Fed-speak rally has the folks at CNBC all a-flutter this morning with hopeful anticipation of a Christmas rally just like the old days. And while that could very well happen (irrational    Continue reading »

Silicon Valley boasts the largest homeless encampment in the United States of America

One would think that one of the richest cities in the United States, San Jose, California, would have very few homeless people. One might also assume that a city, full of the    Continue reading »

Don’t Get Ruined by These 10 Popular Investment Myths (Part IX)
the latest report from Elliott Wave International

 By Elliott Wave International Interest rates, oil prices, earnings, GDP, wars, peace, terrorism, inflation, monetary policy, etc. — NONE have a reliable effect on the stock market.  You may remember that after    Continue reading »

Edward Snowden wins another award, Sweden’s Right Livelihood Award, a Swedish award for exceptional ethics

“Right Livelihood” is a traditional Buddhist teaching and one of the limbs of the eight-fold path taught by the Buddha. For laypeople, Buddha’s teaching of right livelihood means living an ethical life. Edward Snowden, the    Continue reading »

Abenomics: From Faith to Failure
the latest report from Elliott Wave International

By Elliott Wave International When Shinzo Abe became the Prime Minister of Japan in December 2012, he was regarded with the kind of reverence that politicians dream about. He was featured in    Continue reading »

Plummeting oil prices spur deflation risks as Fed officials look for a silver lining

Everyone seems to want to see only the silver lining around plummeting oil prices. But as the contrarian might put it, “In front of every silver lining is a dark cloud”. So,    Continue reading »

Purchasing Manager’s Index (PMI) weakens pointing to slower economic growth

November was the fifth month in a row of slowing economic growth. Both output and new business growth declined in November which had the weakest showing since last April. However, companies are    Continue reading »

Recognizing changing social mood is key to understanding why the herd is causing the stock market to fall

EDITORIAL You have often heard me say that it is “endogenous social mood”, i.e., the subconscious mood of the collective herd that moves markets. It’s not news or current events as so    Continue reading »

Anatomy of a bubble – How the Federal Reserve and the U.S. Congress have created a debt crisis of historic proportion

To understand where the stock market is going we first need to understand from where it has come. Let’s start by comparing the currently in vogue macro economic philosophy, Keynesianism, to a    Continue reading »

Inflation vs. Deflation – Part 1
Which one is controlling the fate of America and will it cause the next Great Depression?

By Sannleikur Komist Question: “Most people who believe that we will slip into a depression seem to think it will be caused by inflation brought on by the collapsing of the dollar. Why    Continue reading »

Dow Jones Industrial Average
Baseline Elliott Wave Count from 1964 to 2014

With every great inflation comes an inevitable deflationary correction, economic yin and yang. Elliott Wave Theory is telling us that the point of deflationary reversal has arrived or will very soon. In    Continue reading »

The Creature from Jekyll Island
The End of the Federal Reserve System – Part 1

By Sannleikur Komist Editor I’m going to tell you a story – a story of corruption, deceit, greed and political intrigue. As it turns out, a true story, one stranger than fiction    Continue reading »

 

What’s really happening with oil?
the latest report from Elliott Wave International

Crude Oil AnalysisBy Elliott Wave International

Today, there is no shortage of opinions about oil. So why should you bother reading this one?

Because 99% of oil forecasts out there are based on so-called fundamentals. The same “fundamentals” that back in June, when oil cost $107 a barrel, promised even higher prices due to:

  • The rising threat of Islamic State in Iraq
  • Weak U.S. dollar and
  • Strong U.S. job growth

Now that oil has fallen to $54, the same sources are giving you “reasons” why it should fall even more.

Has the U.S. ‘secret deal’ with Saudi Arabia hurt its own shale oil industry?

john kerry saudi meeting

EDITORIAL
By Sannleikur Komist

In October, John Kerry went to Saudi Arabia to negotiate a “secret deal” with the Saudi’s to help in the fight against ISIS in Syria. That was the reported reason, anyway. For their part, the Saudi’s won U.S. help, according to the Wall Street Journal,  as ”the process gave the Saudis leverage to extract a fresh U.S. commitment to beef up training for rebels fighting Mr. Assad, whose demise the Saudis still see as a top priority.”

But what was the real reason for the Saudi meeting? And what did the Saudi’s bring to the table? Part of the answer is collapsing oil prices…

The Federal Reserve adds "Patience" to its lexicon – the stock market apparently thinks that’s a good thing

Janet Yellen

Yesterday’s Fed-speak rally has the folks at CNBC all a-flutter this morning with hopeful anticipation of a Christmas rally just like the old days. And while that could very well happen (irrational exuberance is still in strong supply), nothing actually changed between the close of business Tuesday night and Janet Yellen’s dovish speech Wednesday afternoon.

I used last week’s Dow Jones Industrials update to make the case for a possible Santa Clause rally, i.e., a rally to still new highs. But the caveat was that it was an unlikely alternate possibility. Today will be crucial to knowing if that possibility will come to fruition. As I write this, the Dow is up almost 250 points. It would seem like a no-brainer to call the rally underway. But… not so fast.

Science is Revealing the Mechanism of the Wave Principle – An Unconscious Herding Impulse

socionomics logo

EDITORIAL
By Robert Prechter, Jr.,
Executive Director, The Socionomics Institute

Discoveries in the biological and behavioral sciences suggest that an unconscious herding impulse with Fibonacci-related tendencies drives certain human actions, including financial decisions.

Robert Prechter explains that the human unconscious is thus disposed toward patterns of behavior that reflect the Wave Principle.

Gold: Elliott Wave update for week ending 12/12/2014

Gold

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By Sannleikur Komist

Gold and Silver should both make substantial moves soon. The selling pressure of the last few months has subsided and the gold market should reflect a renewed interest in the yellow metal.

S&P 500 Index
Elliott Wave update for week ending 12/12/2014

S&P 500 Index

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By Sannleikur Komist

Last week’s primary count, which anticipated a reversal in the S&P 500, looks to be the correct one so far. It is possible to count five waves down at Minuette degree from the Dec. 5th high at 2079.47, a necessary precursor to being able to say a trend reversal is underway.

Dow Jones Industrial Average
Elliott Wave update for week ending 12/12/2014

Dow Jones Industria Average

Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.



By Sannleikur Komist

The bears seemed firmly in charge of the Dow Jones Industrials last week. If the bulls want to wrestle control away from them, they will have to start early in the coming week with a strong rally. But the conditions for this coming week do not look good for the bulls. 

Silicon Valley boasts the largest homeless encampment in the United States of America

San Jose  homeless camps
Dateline: San Jose, California, 9/7/2014
Media Outlet: Business Insider
Article Headline: WELCOME TO 'THE JUNGLE': The Largest Homeless Camp In Mainland USA Is Right In The Heart Of Silicon Valley
Map View:

One would think that one of the richest cities in the United States, San Jose, California, would have very few homeless people. One might also assume that a city, full of the smartest people in the world, would be able to find a solution to providing for the  few homeless people it generates. After all, there is certainly enough money available in a city with some of the largest and richest tech companies in the world. But, alas, one would be wrong… on every count.

Don’t Get Ruined by These 10 Popular Investment Myths (Part IX)
the latest report from Elliott Wave International

myth vs reality

 By Elliott Wave International

Interest rates, oil prices, earnings, GDP, wars, peace, terrorism, inflation, monetary policy, etc. — NONE have a reliable effect on the stock market. 

You may remember that after the 2008-2009 crash, many called into question traditional economic models. Why did they fail? And more importantly, will they warn us of a new approaching doomsday, should there be one?

This series gives you a well-researched answer.

Myth #9: Inflation makes gold and silver go up.

OIL – Light Sweet Crude
Elliott Wave update for week ending 12/5/2014

OIL Light Sweet Crude Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.


By Sannleikur Komist

Oil has been in the news a lot lately. Gas prices have been falling alongside oil prices and the pundits and analysts appear confused as to why the price declines are happening. Of course, if you are an Elliott Wave analyst, you know precisely why prices are falling… deflation

Edward Snowden wins another award, Sweden’s Right Livelihood Award, a Swedish award for exceptional ethics

Edward Snowden

Dateline: Stockholm, Sweden, 12/1/2014
Media Outlet: The Guardian
Article Headline: Edward Snowden wins Swedish human rights award for NSA revelations
Map View:

Right Livelihood” is a traditional Buddhist teaching and one of the limbs of the eight-fold path taught by the Buddha. For laypeople, Buddha’s teaching of right livelihood means living an ethical life. Edward Snowden, the American whistle blower, was presented Sweden’s Right Livelihood Award on Monday, December 1st, for his revelations of the scale of state surveillance. 

S&P 500 Index
Elliott Wave update for week ending 12/5/2014

S&P 500 Index Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.


By Sannleikur Komist

The S&P 500 Index remains poised for a reversal. Like the Dow Jones Industrials, the S&P could begin to turn down at any moment. Vigilance is required at this late stage of advancement.

Dow Jones Industrial Average
Elliott Wave update for week ending 12/5/2014

Dow Jones Industrial Average
Click here to see wave degree labeling key (popups required) -- Click on chart for larger image.



By Sannleikur Komist


The Dow Jones Industrial Average is approaching another Fibonacci level where a reversal could logically take place. While the pattern does not look ideal, so many other measures are supporting  a reversal that we must remain vigilant and prepared. It is possible the venerable Blue Chips have finally called it quits.

Libertarian Ron Paul accuses Congress of ‘Declaring War’ on Russia

hr758

EDITORIAL
By Sannleikur Komist

Former House Representative, Ron Paul, is one of the few members of Congress, past or present, that stays true to his beliefs and to the United States Constitution. It’s safe to say every vote he ever cast was in the best interest, not necessarily of his constituency* but certainly, of the people of the United States of America. Thus, when I read a post he submitted to his Facebook page accusing Congress of provoking war with Russia, I felt it was worth sharing.

Abenomics: From Faith to Failure
the latest report from Elliott Wave International

Abe Superman

By Elliott Wave International

When Shinzo Abe became the Prime Minister of Japan in December 2012, he was regarded with the kind of reverence that politicians dream about. He was featured in a hit pop song (“Abeno Mix”), hailed as a “samurai warrior,” and featured on the May 2013 The Economist cover as none other than Superman.

Why the biggest monetary stimulus effort in the world did NOT stop deflation in its tracks