DIC 17 16 SIT EC
y POL
ZERO HEDGE
ECONOMICS
Thanks to Janet Yellen's rate-hike-hawkishness
(but, but, but, we're still ultra-easy), global equity and debt markets lost over $1 trillion in value - the
biggest weekly loss since early May (weak China data and huge surge in
dollar).
----
----
The Dow Jones
Industrial Average (DJIA) didn’t quite tag the 20,000 level yesterday, however,
it did touch a new all-time high, intra-day. And while it wasn’t able to close
at a new high, the temporary touch is not irrelevant. It is especially so when
considering the circumstances surrounding the high. We’ve discussed on several
occasions the strange dynamic of simultaneously large numbers of New Highs and
New Lows.
We won’t get into the
theory behind such circumstance (you can read those prior posts for more
color), but for whatever reason, an abundance of New Highs and Lows have
generally led to poor stock market performance – especially when occurring near
52-week highs.
In this instance, there were actually A) more than 100
New 52-Week Lows on the NYSE yesterday and, in fact, B) more New Lows than New
Highs. This is exceedingly uncommon
on a day that the DJIA touches a 52-week high. It is only the 12th such day in
history (yes, we should measure the % of Highs and Lows rather than the
absolute “100″ number, but that is what we are using for this study).
From a glance at the
chart, it is easy to see that the 11 precedents occurred at quite inauspicious
moments in the market. Here are the exact dates:
- 7/21/1998
- 8 dates between 12/3/1999-1/3/2000
- 7/20/2007
- 12/8/2014
- 12/15/2016
Lumping the 1999-2000
events together, all 4 prior signals occurred essentially at cyclical, or major
intermediate-term market tops (though, while there was little upside, the 2014
instance took several more months to top). From a statistical standpoint, the forward returns in the DJIA were
predictably, and consistently, horrible:
Will results be different this time? We don’t know. The internals do seem a bit
stronger presently than at most of those prior junctures. Also, the abundance
of bond-type funds on the NYSE has not helped the New Low situation as yields
have spiked. Although, there has been a substantial number of such issues
throughout the entire study period. Plus, yields were spiking in similar
fashion in 1999-2000 and 2007.
So time
will tell if this new high ends up being the top of the mountain like it has in
previous instances.
----
----
Underfunded government pensions to the tune of
$1.3 trillion, with a gap that just can’t be filled, is the ticking time bomb
facing the US economy which faces dramatic cuts in public services - and
potentially riots reminiscent of Athens six years ago - according to former
Federal Reserve advisor Danielle DiMartino Booth.
----
----
Some $1.1 billion worth of Christmas tree
ornaments and $346 million of Christmas tree lights were imported from China
between January and September 2016. China accounted for 92% of the total US
ornament imports and 87% of the total US tree light imports.
----
----
As it goes in silver, so it goes in gold. In London at least. In a bid to have UBS
reinstated as a defendant in a London Gold Fix antitrust
lawsuit, plaintiffs documents submitted to a New York Court last
week include explosive chat
room transcripts of UBS and traders from different banks encouraging each other
to “push,” “smack,” and “whack” gold prices.
----
----
The largest contributor to inflation and
financial turmoil is dishonest money
- enabling bureaucrats to run perpetual government deficits and pile up the
federal debt. If Trump takes the steps
outlined below, he can repair some of the damage.
----
----
POLITICS
"But I think that we are not going to see more than a handful who
actually vote against Donald Trump..."
----
----
"Thought: There was (rightly) a cloud
of illegitimacy over Bush,
dispelled (wrongly) by 9/11. Creates
some interesting incentives for Trump"
----
----
Yesterday, Facebook announced plans to use a
"third-party fact checking organization" known as The Poynter Institute
to flag "fake news." Imagine our
complete shock when we discovered that the funding sources behind Poynter included the who's who of Billionaire
leftists like George Soros.
----
----
The
essence of American politics is “the manipulation of populism by elitism.” Don’t expect this
to change in the wake of the
navel-gazing mainstream’s historic whiff on the election–despite the
occasional mea culpa and promise to overhaul its
approach. Mostly because
90 percent of the MSM is owned and operated by six conglomerates that have
little interest in changing the system that profits them, or in changing the editorial narratives that
support the system.
----
----
The
bifurcation between financial and real economies has grown ever larger, and this has been
to the benefit of participants in the financial economy... "The America of today feels worse, in its
fundamentals, than the one many of us remember from youth, a society
presided over by those of supposedly lesser consciousness. Wherever we look ... we see paths to a
foreboding future."
----
----
WORLD ISSUES and ME
A new world order is coming of age and the transition is painful to accept for a Western middle class
with a deep-seated sense of entitlement.
Cases France & Europe
----
----
GLOBAL RESEARCH
BREAKING:
At Least 14 US Coalition Military Officers Captured by Syrian Forces in East
Aleppo Bunker By South Front,
----
“Russian
Hacking” of US Elections: Obama’s Last Gift of Deception. What Impact on
Electoral College Vote? By Peter Koenig
----
----
INFORMATION CLEARING HOUSE
----
“The source had legal
access to the information. The documents came from inside leaks, not hacks.”
----
By hyping the Russian
“threat,” the neocons and liberal-hawk sidekicks, can guarantee bigger military
budgets from Congress.
----
A further light on
how the U.S. controlled and meddled in Latin America politics. –
----
“We’ll build and help
build safe zones in Syria". –
----
----
SPUTNIK and RT SHOWS
'Safe Zones': Trump's Idea Evokes Strong Memories of Hillary
Clinton's Old Plan
https://sputniknews.com/politics/201612171048695173-safe-zone-trump-clinton/
https://sputniknews.com/politics/201612171048695173-safe-zone-trump-clinton/
----
German Parliament Source Behind WikiLeaks Dump on Mass
Surveillance, Not Russia
https://sputniknews.com/europe/201612171048697022-german-parliament-wikileaks-surveillance/
https://sputniknews.com/europe/201612171048697022-german-parliament-wikileaks-surveillance/
----
What We Know So Far About Daesh Attack on Palmyra
https://sputniknews.com/middleeast/201612171048692544-daesh-palmyra-attack-syria/
https://sputniknews.com/middleeast/201612171048692544-daesh-palmyra-attack-syria/
----
----
NOTICIAS IN SPANISH
----
----
----
----
----
----
----
----
El 'lado oscuro' de los Cascos
Blancos: 5 cosas que debería saber de los 'defensores civiles sirios'
----
----
----
----
La mercantilización del conocimiento Lucía Cayuela
----
----
PRESS TV
----
----
----
----
----
----
----
----
----
----
----
===
No hay comentarios:
Publicar un comentario