. The Blind Blaming the Deaf        Mario Draghi, the head of the European Central Bank that is currently printing 60 billion euros a month, last week warned  central banks of the “blind” risks they
. Job Jitters              The University of Michigan's Consumer Sentiment Survey asked participants if " they think (or their spouse) will lose their job over the next 5 years".    The bad and
. Today's fun fact question is: f How Much Did Gov Regs Cost You In 2014?   Take your best shot from among the answers below and then scroll down for the answer. In 2014 Government regulations cost
. The Greek Hydra of massive debt has returned with a vengeance. d Today's news that is pushing 10-year US Treasury prices higher and driving stocks lower across the globe is that Greece has
  Each week we look at the technical picture of the major investment markets.  When the Long-Term Indicator moves from Bullish to Bearish or Bearish to Bullish, we will comment on the reasons
I As if all manner of upheaval, decapitations, crucifixions,  a Syrian civil war, and  ongoing religious war among opposing sides of Islam (Sunni and Shia) weren't already  causing enough mayhem in
f If not, what will happen? g Last week Greece was able to raise 200 million Euros to pay interest to the International Monetary Fund (IMF) by raiding requiring various agencies to wire their funds
. Reminder!          One must always remember that "bad news" is good news for the markets because "bad news" means that the Fed could delay raising interest rates.  This said, new jobs added for
d Today's "What/Who Did That" question concerns the financial/investment markets in the United States only.   d  So put on both your thinking and honesty cap (no googling) and make your best guess
.  For years, Texas enjoyed the best track record for creating jobs and touted the freest labor market in the US, according to the Mercatus Center.   In fact, since the Great Recession began back in
. Economic DTs?            Delirium tremens commonly called "DTs" is Latin for shaking frenzy.  DTs are withdrawal reactions due to physical dependence on alcohol and various drugs that can often
k Borrowers Dictating  Terms Raises Risk To New Levels         When we buy a car or house we expect the lender to dictate the terms (payment, rate, credit worthiness, etc) and not us.   All we can do
l ISIS Strikes Deep In The Heart of Texas           In Garland, a Garland ISD security officer was shot when two individuals wearing body armor and toting assault rifles attempted a jihadi  spray-n-
  Each week we look at the technical picture of the major investment markets.  When the Long-Term Indicator moves from Bullish to Bearish or Bearish to Bullish, we will comment on the reasons
g Factory Orders - The Good, The Bad & The Ugly       The good news was that Factory Orders rose +2.1% in March - the FIRST time in 8 months (July 2014).  The bad news was that February's Factory
s. Economic Concerns Push Stocks Lower         After yesterday's drop in GPP to only 0.2% in the first quarter, today  a flurry of more economic bad news arrived.  For the 35th month in a row US
  . As we have written several times regarding deteriorating economic conditions, it's now "official" that growth of the US economy as measured by Gross Domestic Product (GDP) has come to a
  Home Ownership Continues Its Decline        The US Census released its US homeownership rate which fell  even further:  from 64.0% to 63.7%.  About a 29-year low when the averages of: a new
  Each week we look at the technical picture of the major investment markets.  When the Long-Term Indicator moves from Bullish to Bearish or Bearish to Bullish, we will comment on the reasons
    Bad News For Texas        Today the Federal Reserve Bank of Dallas (Dallas Fed) brought Texans some bad news as business continued to contract in the Lone Star State throughout April (click
g Born in 1953, I grew up in the 50s and 60s.  In 1965, the average cost of a new house was $13,600, average income per year  was $6,450, gasoline was 31 cents, and the average new car set you back $
. Exiting Home Sales Good - New Homes Sales Bad       March Existing Home Sales climbed +6.1% with the Midwest seeing  existing home sales rise the most +10.1%. Moreover home prices are up 7.8% year-
     Euribor Enters "The Negative Zone"           The Euro Interbank Offered Rate (Euribor) is considered to be the most important reference for interest rates in the European money market
f In the 18th century, respected physicians and surgeons extolled bloodletting generously prescribing it to their most esteemed patients -  a standard medical practice that dated back thousands of
  Each week we look at the technical picture of the major investment markets.  When the Long-Term Indicator moves from Bullish to Bearish or Bearish to Bullish, we will comment on the reasons
2 Market Snapshot     After falling nearly 280 points on Friday driven by falling corporate revenue and fear that Greece would leave the EU  and giving up all  but 3.23 points of it gains for 2015,
r Atlanta Federal Reserve On Interest Rates            Dennis Lockhart, President of Atlanta Fed Bank:  "Data available for the first quarter of this year have been notably weak." That "is giving
  Stock Return Expectations           Historically, general stock prices have roughly grown by the growth of the economy + inflation + dividends.  From 1900-2000, the economy and inflation added
l China's Exports Plunge -15%        The world appears economically  ill as earlier this week world’s second-largest economy got incredibly bad news.  On expectations that Chinese exports would rise
w Fed Warns Of Flash Crash 2.0         The Federal Reserve Bank of New York has been investigating the October 15th flash crash of yields (not prices) of US Treasury bonds as bond prices skyrocketed
v Oil Will Soon Rise - A  Myth?      Mike Rothman at Cornerstone Analytics believes that oil prices from late 2016 into 2018 are essentially flat in the low to mid 60s "which would essentially
  Each week we look at the technical picture of the major investment markets.  When the Long-Term Indicator moves from Bullish to Bearish or Bearish to Bullish, we will comment on the reasons
  Iran Nuke Update           Obama - "It's a good deal" Netanyahu - "It's a bad deal" Iran's Ayatollah - "The other side is stubborn, difficult to deal with, breaks promises and is a
  Obama:  "We've added more than 10 million private-sector jobs over the longest run of uninterrupted job growth in history." Source f Harry Reid:  “For the 61st straight month the private sector has
  jk Today the LORD'S OF THE FED, aka Fed Open Market Committee (FOMC) released their notes.  Here's my take and summary: g The Lord's Of The Fed are dysfunctionally split on raising
  Really Dumb Idea Of The Month        This month's really dumb idea comes from John Hancock insurance company which will soon begin to offer "lifestyle tracking'.   That's right, the wack-jobs
    Where We've Been             Despite the Federal Reserve’s "official" $4 trillion injection into U.S. markets, the economic reality is there has been little or no economic growth.   For
  Spain Enters The Negative Zone      Joining Germany, Demark, Sweden, Switzerland and France  where you actually get charged for keeping money in the bank rather than going out and spending it
  g Been Wrong For So  Long            Jeffrey Gundlach, founder of Los Angeles-based DoubleLine Capital said:    The Fed has been “been wrong for so long” that “Their incremental input in what
  Each week we look at the technical picture of the major investment markets.  When the Long-Term Indicator moves from Bullish to Bearish or Bearish to Bullish, we will comment on the reasons
d Market Snapshot     Today's bad (as opposed to good, really good or really bad - read more here) news as discussed below, is driving US stocks, oil and gold higher.  ** Bad economic news means
  k NOTICE: Our offices will be closed tomorrow to celebrate Good Friday.  Happy Easter! f Time Has Run Out For Some US Oil Producers           Each October and April banks evaluate their
  The last quarter of 2014 and first quarter of this year American's have seen their discretionary income rise due to falling gasoline prices.  Regular readers know that various pundits and
  All Eyes On The Earnings Game         It's important to understand how the earnings game is played.  Over the years, corporations give analysts "tips" on earnings expectations that are purposely
  Each week we look at the technical picture of the major investment markets.  When the Long-Term Indicator moves from Bullish to Bearish or Bearish to Bullish, we will comment on the reasons
  f 4th Quarter Final GDP A  Doozy    The team of GDP government masseuses statisticians at the Bureau of Economic Analysis (BEA) today reported that the "final" re-re-revised GDP number for
  Wisdom consists of the anticipation of consequences.” – Norman Cousins There’s nothing quiet like a scare about sea-lane disruption in the middle-east that could disrupt world crude supplies 
g "Wisdom consists of the anticipation of consequences.” – Norman Cousins d US Durable Goods Orders Fall Again        U.S. business investment spending has now fallen 6 months in a row. Once again in
    Greece  At The Cusp     Billionaire George Soros told Bloomberg TV regarding Greece that "right now we  are at the cusp" and that the chances of Greece leaving the euro area are now 50-50
  Each week we look at the technical picture of the major investment markets.  When the Long-Term Indicator moves from Bullish to Bearish or Bearish to Bullish, we will comment on the reasons

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