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

SEC adopts another legal way to steal your money

The Securities and Exchange Commission voted 3-2 today to implement “gates” on money market accounts in times of financial stress. That is, “money market fund managers will have the option to suspend redemptions    Continue reading »

Retail Money Market Funds Signal Reversal for the Stock Market
latest (video) report from Elliott Wave International

By Elliott Wave International “Cash is Trash”, right? That has been the mantra of nearly every investor and investment firm since the mid-1990s. But as Steve Hochberg of Elliott Wave International explains,    Continue reading »

U.S. Cities should beware of states establishing “Municipal Protection” authorities

If you want to see what future state intervention into municipality business will look like, look no further than Detroit, Michigan and Chicago, Illinois and Harrisburg, Pennsylvania. The interaction between these cities/states    Continue reading »

‘Living Wills’ were suppose to prevent ‘too big to fail’ banks -
six years after the crisis… where are the wills?

After the financial crisis in 2008, where big banks were bailed out by the taxpayers to the tune of 700 billion dollars, the Dodd-Frank legislation mandated that all the big banks had    Continue reading »

Spanish WiFi provider Gowex caught cooking its books (video)
- files for bankruptcy as stock plummets

One of Spain’s brightest stars of economic recovery succumbed to the massive debt load still plaguing most of Europe since the economic crisis in 2008.    Continue reading »

Robert Shiller sees a housing bubble and a “peak” in the stock market (Video)

Yale Professor, Robert Shiller, says he is “definitely concerned” about the outlook for the stock market based on his CAPE ratio (cyclically adjusted price-to-earnings ratio). The level is currently calculated at 26    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 »

 

SEC adopts another legal way to steal your money

SEC Thief

Dateline: Washington, DC, 7/23/2014
Media Outlet: Reuters
Article Headline: SEC adopts long-awaited reforms for money market funds
Map View:

The Securities and Exchange Commission voted 3-2 today to implement “gates” on money market accounts in times of financial stress. That is, “money market fund managers will have the option to suspend redemptions to allow for the orderly liquidation of fund assets“. Think your money is safe in a money market? Think again.

S&P 500 Index
Elliott Wave update for week ending 7/18/2014

S&P 500 Index Click here to see wave degree labeling key (popups required)


By Sannleikur Komist

The S&P 500 Index may have peaked on July 3, slightly ahead of the Dow. Like the Dow, the wave structure remains muddled but the aging rally is very close to turning down. The coming week should add clarity to the picture.

Dow Jones Industrial Average
Elliott Wave update for week ending 7/18/2014

Dow Jones Industrial Average

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

There are still multiple interpretations, but the Dow Jones Industrial Average may have peaked this week.  If so, the above count requires that it begin a strong decline on Monday.

Retail Money Market Funds Signal Reversal for the Stock Market
latest (video) report from Elliott Wave International

hochbergvegas

By Elliott Wave International

“Cash is Trash”, right? That has been the mantra of nearly every investor and investment firm since the mid-1990s. But as Steve Hochberg of Elliott Wave International explains, you can tell a great deal about impending trend changes in the markets by looking at who is hoarding cash and who isn’t. Watch this short video of Steve at the 2014 Las Vegas Money Show where he compares the state of retail money market funds vs. stock market capitalization. It might surprise you. If you are “All In”, it should scare you…

Microsoft stock surges on news the company will send 18,000 employees packing

microsoft layoff notice

Dateline: Redmond, Washington, 7/17/2014
Media Outlet: New York Times
Article Headline: Microsoft Layoffs to Cut Up to 18,000 Jobs
Map View:

Only in this dystopian “new normal” world would the bad news that Microsoft plans to fire 18,000 employees be considered good news. But, apparently for Microsoft stock holders that was precisely the case.  Microsoft stock (MSFT) surged to a new high on the announcement this week.

Argentina defaults on its debt, bond holders get 25 to 30 cents on the dollar,
but some are demanding more

Argentina Protest

Dateline: Argentina, 7/16/2014
Media Outlet: Bloomberg
Article Headline: Argentine Creditors Seek Names to Stop Deal Killer Clause
Map View:

Argentina has never been the bastion of fiscal responsibility. But the country has been mired in legal battles in the U.S. courts for over a decade and the problems won’t go away… in fact, their problems just keep growing.

Elliott Wave International offers a FREE week of its ‘PRO Services’!!

ewiproservices

Elliott Wave International has never done this before. If you are one of the ones who have wondered exactly what kinds of services and analysis EWI offers then this opportunity is for you. Whether you are a trader, an investor, have a 401k or a mutual fund you are responsible for, or you are just plain curious what EWI actually offers, now is the time to find out. Sign up for one week and test drive everything they have to offer!

U.S. Cities should beware of states establishing “Municipal Protection” authorities

Chicago

Dateline: Chicago, Illinois, 7/1/2014
Media Outlet: USA Today
Article Headline: Not another Detroit: States intervene in city fiscal crises
Map View:

If you want to see what future state intervention into municipality business will look like, look no further than Detroit, Michigan and Chicago, Illinois and Harrisburg, Pennsylvania. The interaction between these cities/states will become the model for how other states will plan to intrude on the operations of its distressed cities.

S&P 500 Index
Elliott Wave update for week ending 7/11/2014

S&P 500 Index

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

The S&P 500 could be looking to get to the 2000 mark before heading south. Whether it can or not is anyone’s guess. 

Dow Jones Industrial Average
Elliott Wave update for week ending 7/11/2014

Dow Jones Industrial Average

Click here to see wave degree labeling key (popups required)
By Sannleikur Komist

Not much new in the wave action so far. Still waiting for Minuette wave (v) to complete.