Authored by John Whitehead via The Rutherford Institute,
“The means of defense against foreign danger have been always the instruments of tyranny at home.” ? James Madison
Who designed the malware worm that is now wreaking havoc on tens of thousands of computers internationally by hackers demanding a king’s ransom? The U.S. government.
With futures looking ominously ungreen this morning, what better way to prop them up than to upgrade the stock that alone has contributed to 13% of the S&P's return YTD...
... Apple.
That'sprecisely what both BofA and Goldman have done this morning, with the former raising its 12-month price target to $170 from $164, "based on a target P/E of 15x (unchanged) and our CY18 EPS estimate of $11.38 (up from $10.91)."
The market is rising… or is it?
The number of individual S&P 500 companies above their 200-day moving averages (200-DMA) has rolled over.
Put simply, the broader market is NOT confirming this move in stocks.
So overall the momentum is leaving the market... but still the stock market index is going higher...
Why is this?
Because the market is being propped up by just a handful of Tech Companies.
Those companies are: Apple, Amazon, Microsoft, and Alphabet.
by Keith Weiner
This question is no longer moot. As the world moves inexorably towards the use of metallic money, interest on gold and silver will return with it. This raises an important question.
Which interest rate will be higher?
The Wrong Approach
Excerpted from The Gloom, Boom & Doom Report, March 2017, authored by Mark Faber; via MauldinEconomics.com,
Writing for https://www.dailybeast.com (February 4, 2017), Joel Kotkin opines under the title “The High Cost of a Home Is Turning American Millennials Into the New Serfs” that