Bear Market Headlines

  • Get Out Now: SocGen Predicts Market Crash, Bear Market For The S&P

    While the charade of sellside analysts releasing optimistic, and in the case of Barclays and Goldman "rationally exuberant"previews of the year ahead... ... is a familiar, long-running tradition on Wall Street, rarely has the intellectual dishonesty and cognitive dissonance been quite so glaring: take Goldman, which while admitting that valuations have never been higher, and the upside case never more reliant on just one piece of legislation which has a significant chance of not passing (GOP...

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  • Does The CoT Structure Prohibit A Rally?

    Does The CoT Structure Prohibit A Rally? Written by Craig Hemke, Sprott Money News & TF Metals Report Can the Comex metals rally from here given that the CoT structure is not yet fully "washed out"? Of course they can! While it's sometimes easy and obvious to assume that rallies are imminent by the CoT structure, history shows us that a fully-washed CoT isn't imperative for a bottom and rally. Let's start with an example of...

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  • Biggest Bubble Ever? 2017 Recapped In 15 Bullet Points

    Yesterday we presented readers with one of the most pessimistic, if not outright apocalyptic, 2018 year previews, courtesy of BofA's chief investment, Michael Hartnett who warned that in addition to the bursting of the bond bubble in the first half of the year, the stock market could see a 1987-like flash crash, potentially followed by a sharp spike in (violent) social conflict. However, in addition to his forecast, Hartnett also had one of the more informative, and descriptive, reviews of the...

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  • Gartman Covers His Short

    Five days ago, on November 16, upon reading the latest Gartman letter, we issued our usual warning: "For the bears out there the wisest thing to do may be to just step away for a bit, and certainly until Gartman's already underwater position, is stopped out." The reason: in the same letter, "world-renowned commodity guru" said that in keeping with his call that a "bear market is upon us"... As we said here yesterday, we are certain that we are at a turning point where economic activity is...

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  • SocGen: Asian Equities Are So Awesome, A China Minsky Moment Is "Manageable"

    If we’re going to discuss Asian equities in the context of “awesome”, we should begin with Tencent. Tencent, which has more than doubled this year, drove Asian stocks higher during Tuesday’s trading session. Trading on the main board of the Hong Kong Stock Exchange hit a 28-month high of HK$157 billion with one fifth of it in only two stocks – Tencent (HK$21.7 billion) and Ping An Insurance (HK$9.4 billion). It was hardly surprising that shares in Hong Kong Exchanges & Clearing also had a...

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  • BofA's Apocalyptic Forecast: Stocks Flash Crash, Bond Bubble Bursts In H1 2018, War May Follow

    Having predicted back in July that the "most dangerous moment for markets will come in 3 or 4 months", i.e., now, BofA's Michael Hartnett was - in retrospect - wrong (unless of course the S&P plunges in the next few days). However, having stuck to his underlying logic - which was as sound then as it is now - Hartnett has not given up on his "bad cop" forecast (not to be mistaken with the S&P target to be unveiled shortly by BofA's equity team and which will probably be around 2,800), and...

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  • The Coming Economic Downturn In Canada

    Authored by Deb Shaw via MarketsNow.com, Canadian GDP growth has outperformed this year, helping the Canadian dollar As GDP growth slows and the Bank of Canada turns neutral, catalysts turning negative Crude oil and real estate look set for a downturn, with negative implications for the currency Given its natural resource-based economy, Canada is a boom and bust kind of place. This year, the country has enjoyed a significant boom. Thanks to a government stimulus program, rising corporate...

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  • The 'Junkie' Market Is Back

    Via Dana Lyons' Tumblr, The past few days have seen a reversal from substantial net New lows to substantial net New highs – a condition that has preceded poor performance in the past. We’ve posted several pieces in the past regarding what we’ve termed “Junkie Markets” – junctures characterized by a substantial number of both New 52-Week Highs and New 52-Week Lows. Such conditions represent a key component of various and notorious market warning signals, such as the Hindenburg Omen and others....

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  • Unbridled Exuberance...

    Authored by James Stack via InvesTech.com, From public confidence to bullish sentiment to the normally mundane employment data, the U.S. economy and stock market are reaching historic levels not seen in decades.  Last month, consumer confidence hit its highest level since December 2000.  The percentage of bullish investment advisors recently touched lofty levels that were last reached in January 1987.  And this month, the U.S. Department of Labor announced that job layoffs dropped to a 44-year...

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  • Weekend Reading: You Have Been Warned

    Authored by Lance Roberts via RealInvestmentAdvice.com, Investors aren’t paying attention. There is an important picture that is currently developing which, if it continues, will impact earnings and ultimately the stock market. Let’s take a look at some interesting economic numbers out this past week. On Tuesday, we saw the release of the Producer Price Index (PPI) which ROSE 0.4% for the month following a similar rise of 0.4% last month. This surge in prices was NOT surprising given the recent...

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  • Rickards On Gold, Interest Rates, & Super-Cycles

    Authord by James Rickards via The Daily Reckoning, When the Fed raised interest rates last December, many believed gold would plunge. But it didn’t happen. Gold bottomed the day after the rate hike, but then started moving higher again.  Incidentally, the same thing happened after the Fed tightened in December 2015. Gold had one of its best quarters in 20 years in the first quarter of 2016. So it was very interesting to see gold going up despite headwinds from the Fed. Meanwhile, gold has more...

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  • Gartman: "We Are Now Short Of One Unit Of The US Equity Market"

    So much can change in ten days. Having entered last week short, "world-renowned commodity guru", Dennis Gartman, got spooked last Tuesday when faced with the relentless melt-up in global stocks, and admitted that he had "been wrong… badly… in taking even a modestly bearish view of the global equity market and effecting that bearish view via a position in out-of-the-money puts on the US equity market bought a week and one half ago."  He then said he would immediately cover his short "and covered...

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  • The Complete Idiot's Guide To The Biggest Risks In China

    With both commodities and Chinese stocks suffering sharp overnight drops, it is hardly surprising that today trading desks have quietly been sending out boxes full of xanax their best under-25 clients (those veterans who have seen one, maybe even two 1% market crashes), along with reports explaining just what China is and why it matters to the new generation of, well, traders. One such analysis, clearly geared to the Ritalin generation complete with 3 second attention spans, comes from Deutsche...

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  • Albert Edwards On The Selloff: "Comparisons With October 1987 Are Entirely Justified"

    Last week, when equities were still blissfully hitting daily record highs, we showed the one "chart that everyone is talking about", or if they weren't they soon would be: the sharp, sudden disconnect between the junk bond and stock market ... ... a disconnect which - as we showed at the time - was last observed in mid-August 2015, just days before the infamous ETFlash crash. Fast forward to day, with stocks suddenly hitting air pockets around the globe and rapidly catching down to junk...

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  • Gartman: "The Bear Market Is Upon Us We Fear "

    With the BTFD algos showing some uncharacteristic hesitancy this morning, Dennis Gartman's overnight commentary may provide just the catalyst they need to do their sworn duty and ramp stocks into the green within minutes of the cash open for one simple reason: Gartman fears a bear market of "some serious vintage" is now be upon us. As excerpted from his latest overnight letter to clients: STOCK PRICES ARE UNIVERSALLY WEAKER THIS MORNING as all ten of the markets comprising our...

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  • It's A 'Turkey' Market

    Authored by Lance Roberts via RealInvestmentAdvice.com, With Thanksgiving week rapidly approaching, I thought it was an apropos time to discuss what I am now calling a “Turkey” market. What’s a “Turkey” market?  Nassim Taleb summed it up well in his 2007 book “The Black Swan.” “Consider a turkey that is fed every day. Every single feeding will firm up the bird’s belief that it is the general rule of life to be fed every day by friendly members of the human race ‘looking out for its best...

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  • Goldman's Top Strategist Reveals The Two Biggest Risks To The Market Today

    The past few months have been a very nervous time at Goldman Sachs, and not just because Gary Cohn wasn't picked to replace Janet Yellen as next Fed chair. Back in September, Goldman strategist Peter Oppenheimer wrote that the bank's Bear Market Risk Indicator had recently shot up to 67%, prompting Goldman to ask, rhetorically, "should we be worried now?" The simple answer, as shown in the chart below, is a resounding yes because the last two times Goldman's bear market risk indicator was here,...

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  • This Is Where The CME Would Halt The Bitcoin Plunge

    If Bitcoin futures were trading, they would have just triggered the first circuit-breaker at a 7% plunge threshold... Of course that would have just halted trading for two minutes on the futures exchange - not the underlying bitcoin exchanges. As we detailed previously, having taken a gamble on bitcoin futures, which are set to begin trading by the end of the year, the CME is now seeking to avoid the consequences of what has emerged as both the cryptocurrency's best and worst selling point: its...

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  • 'Value Investing' Deadpool

    Authored by Kevin Muir via The Macro Tourist blog, I sure hope Julian Robertson is a Ryan Reynolds fan. And although I doubt the MacroTourist Letter is on the legendary hedge fund manager’s daily reading list, if he happens across this post, Julian (and the rest of you on the board) - know it was all done with tongue firmly in cheek (kind of). Ryan’s movie DeadPool is by far and away, the best Marvel movie ever made. I guess you can disagree with that statement - that’s what makes a market, but...

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  • The "Fat Pitch" & Miss

    Authored by Lance Roberts via RealInvestmentAdvice.com, While I remain long and invested in the markets on behalf of my clients, I focus and write about the significant risks that are currently present. I am fully aware a laissez-faire attitude towards these risks is ultimately likely to destroy large portions of my clients hard-earned, and irreplaceable, investment capital. Note: Myself, and everyone that writes for Real Investment Advice, do so under our actual name. We pride ourselves on our...

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