Ron Paul: I’m Waiting for Trump to Become a Libertarian
Ron Paul on the presidential election and Iran tourism.
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Middle Class Destitution – A Devastating Tale From America's Heartland
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
Maybe You Should "Sell In May"
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Last Friday the market closed below its 50-day moving average. Theoretically, such a close should have sent traders scrambling for cover Monday morning. As I noted in this past weekend’s missive:
Bank Of America Reveals Nine "Reasons To Worry" About A Big Market Drop
Over the weekend, we were surprised to read that none other than recent market cheerleader Goldman Sachs had come up with six reasons why its chief equity strategist believes the market is poised for a material draw down (read "big drop") in the coming weeks. Among these were the following:
Frontrunning: May 16
- European Stocks Fall as Chinese Economic Data Disappoint (WSJ)
- Oil Climbs to Highest Since November as European Shares Retreat (BBG)
- Yen weakens on Japan intervention talk before G7 meets (Reuters)
- Wall Street’s Bond Forecasters Splinter as Fed Credibility Wanes (BBG)
- Amazon to Expand Private-Label Offerings—From Food to Diapers (WSJ)
- Oil prices rise on Nigerian outages, Goldman forecast (Reuters)
- 'Avengers' threaten new insurgency in Nigeria's oil-producing Delta (Reuters)