By the SRSrocco Report,
The Global Financial Market took a big hit in 2015 and most investors have no idea why. The U.S. and global financial system both sit on a foundation that continues to erode each year. While the disintegration of the global financial substructure has been going on for many years, last year was a BIG ONE.
An oil spill from Royal Dutch Shell’s offshore Brutus platform released 2,100 barrels of crude off Louisiana’s coast in the Gulf of Mexico on Thursday. All drilling activities at Shell’s Brutus platform have been suspended. According to the U.S.
After recent (and in some cases very dramatic) bearish conversions by the likes of JPM, BofA, Citi and UBS, the only bank that steadfastly held a bullish view on stocks during the recent market squeeze higher was Goldman Sachs.
Not any more.
On Thursday, Goldman strategist David Kostin appeared on CNBC, where he too join the bearish crowd and said that based on the threat of margin collapse ("35 out of 53 tech companies had margin declines") and record-high stock valuations this year, it's time to play defense in "a tough market."
It looks like the politics in Germany are set to go from bad to worse, as Reuters is reporting that the German government is planning on spending €93.6 billion by the end of 2020 on costs related to the refugee crisis. This is an interesting turn of events, as just last month German lawmakers were discussing banning welfare payments to refugees.
Reuters has the details:
By EconMatters
XOM is trading as a Bond in this yield chasing QE inspired Central Bank World, and FB is your classic momentum stock. The first lesson of modern investing is that everything is a trade in financial markets. Avoid being the bag holder in either of these two stocks. The day of their demise is merely a calendar event on the investing time clock horizon.
https://www.youtube.com/watch?v=pUQQEeYdQzU