|
|
Thomas Carreno: The Bearish Gartley Butterfly pattern that I posted previously on the Financial Sector ETF (NYSEArca:XLF) is looking like it is starting to work and we may be seeing the ‘fruits’ of that bearish pattern right now. The early market action now is in rejection mode and we could see downside Read more…
Thomas Carreno: The Financials ETF (NYSEArca:XLF) is currently showing a possible gartley butterfly sell pattern. If the pattern is valid then we should begin to see very soon a sell off in the XLF Financials ETF. The pattern and its bearish implications will not work if we start to see the XLF trade higher Read more…
Michael Snyder: The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Read more…
Stocks fell on Thursday amidst quicker trade. The market gapped higher at the open but stocks struggled for most of the day, and by the close, had pulled the major averages near session lows. All five major indices fell on the day. The S&P MidCap 400 showed the most relative weakness as it slid 0.7%. Read more…
Ian Wyatt: Big bank stocks had a good showing last week, with share prices rising across the board. The six biggest U.S. banks by market capitalization gained an average of 8% during the holiday-shortened week in which each released its 2011 fourth-quarter earnings. Since the financial sector is the Read more…
Jeff Nielson: Following the Crash of ’08, when the mainstream propaganda machine was desperately trying to “put a happy face” on the collapse of the U.S. economy, a ridiculous two-part economic myth was first spawned, and then regurgitated millions of times by media talking-heads: ordinary Read more…
Shah Gilani: It seems that my Thursday edition of Wall Street Insights & Indictments was warmly received by the bullish crowd, many of whom reached out to me to thank me for my optimism. Read more…
Jeff Nielson: To date, I and every other economic commentator have failed dismally in our efforts to communicate the insane manner in which all Western economies have been mismanaged Read more…
David Zeiler: As the grim bank earnings roll in over the next couple of weeks, beginning with JPMorgan Chase & Co. (NYSE:JPM) tomorrow (Friday) morning, don’t fall into the trap of thinking the financial sector’s woes in the last quarter reflect a sinking U.S. economy. Read more…
Dominique de Kevelioc de Bailleul: Trends Research Institute Founder Gerald Celente forecasts a false-flag by the United States will provide a needed excuse to shut down the banking system and Read more…
Keith Fitz-Gerald: In 2008, reckless credit default swaps nearly obliterated the global economy. Now comes the next crisis – rehypothecated assets. It’s a complicated, fancy term in the global banking complex. Yet it’s one you need to know. Read more…
David Zeiler: We’ve told you before that the U.S. Federal Reserve puts Wall Street’s interest above that of the American public. And yesterday (Wednesday) the central bank proved it… again. Read more…
David Zeiler: The Dodd-Frank Act became law 18 months ago, and it may be hard to believe, but we still aren’t any better off now than we were then. Indeed, the regulators that are supposed to be protecting us from a repeat of the 2008 financial crisis can’t – or refuse – to get the job done. Read more…
Martin D. Weiss: If you think 2008 was a bad year, wait till you see 2012! The world’s largest banks have far less capital, the world’s largest governments have far less bailout power, and each is pulling the other into an abyss. Read more…
Shah Gilani: Let’s face it. Banking is a protected industry. It’s a government-coddled industry. The problem with that is, banks (NYSEARCA:XLF) really aren’t subject to free market forces that would naturally eliminate insolvent and inefficient institutions. The result is more bad banking. Read more…
Most Comments