What a tumultuous year 2016 has been. Just around this time last year, we were looking back at 2015 and analyzing how 2016 would unfold. The August 24-25, 2015 “Flash Crash” was the talk of the day, where the S&P 500 faltered with an over 10% decline from its all-time highs. It was the first time in over 4 years that the noble index fell from grace so badly; and January and February 2016 brought more pain for the index.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Dow 20,000
Last week, I noted the market’s push toward the market milestone of 20,000. To wit:
“The Dow broke above 19700 and is within striking distance of the ‘psychological’ summit of 20,000. With just 250 points to go, it is extremely likely traders will try and push stocks to that level by Christmas. Woo Hoo!”
Submitted by Charles Hugh-Smith via OfTwoMinds blog,
If you don't like what these charts are saying, please notify The Washington Post to add the St. Louis Federal Reserve to its list of Russian propaganda sites.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Earnings: Everyone Gets A Trophy
The ongoing process of the “wussifcation of America” has now spread from Main Street to Wall Street.
When I was growing up, we played sports. Coaches yelled at us, when we got hurt we were told to “rub some dirt on it” and “walk it off.” When we won a game we were cheered by our parents and coaches, when we lost we were disappointed.
Guess what? We got over it.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Stop Blaming Consumers, They Can’t Help It
Since 2009, mainstream economists, the media, and the Fed have continued to prognosticate a resurgence of economic growth. Yet each year, as shown in the chart of Fed forecasts below, such predictions have repeatedly overstated reality.