Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Miners’ Q3’17 Fundamentals
By: Adam Hamilton, CPA

Bonfire of the Absurdities
By: John Mauldin

The Social Security Inflation Lag Calendar - Partial Indexing Part 1
By: Daniel R. Amerman, CFA

Rob From The Middle Class Economics
By: Gary Christenson

GoldSeek Radio Nugget: John Williams and Chris Waltzek
By: radio.GoldSeek.com

The Metals Market Is A Mess And Will Likely Continue To Frustrate You
By: Avi Gilburt

Is New Fed Chief A “Swamp Critter Extraordinaire”?
By: GoldCore

Asian Metals Market Update: November-17-2017
By: Chintan Karnani, Insignia Consultants

Gold Seeker Closing Report: Gold Holds Near Unchanged While Stocks Gain on Tax Vote
By: Chris Mullen, Gold Seeker Report

Comparing Digital Metals
By: Craig Hemke

 
Search

GoldSeek Web

 
Stocks at Record Highs for All the Wrong Reasons

By: Rick Ackerman, Rick's Picks

 -- Published: Wednesday, 24 August 2016 | Print  | Disqus 

The latest stats from Wall Street have confirmed what we already knew — that the dog days of this summer have been among the dullest ever recorded. “The past 30 days have been the least volatile of any 30-day period in more than two decades,” reported the Wall Street Journal Tuesday beneath the headline “Stock Market Turns Eerily Quiet”.  Is it the calm before the storm — or simply a lull before the next big rally? The evidence is persuasive that it is the former, and that, in the current economic environment, it is ominous. For one, the stock market has been trending higher despite the fact that U.S. corporate earnings have fallen for five consecutive quarters. There are numerous other red flags as well. “Smart money has been coming out of the market for quite awhile,” notes our old friend Garrett Jones in his latest Observations. “The retail investor has been pulling money out, too. It seems it is the large multinational companies buying back their stock and the central banks that are responsible for the market’s advance.

Insiders Are Selling

“Ironically,” Jones continues, “the insiders of those large multinationals aren’t part of those buybacks because they are selling their shares. In fact, the number of insiders buying stock has decreased by 44% over the past 12 months. The number of insiders selling in July was 442% more than buyers for a very weak 0.23 buy/sell ratio. When smart money and insiders are exiting the market in a serious manner, the odds are they are aware of something you might not be.”

Just so. For our part we are looking to short the E-Mini S&Ps at every promising, minor Hidden Pivot rally target. Just in case. Our most recent such gambit, at 2190.75, had racked up a theoretical gain of more than $1100 per contract when subscribers were instructed to cover this morning using an extra-cautious stop-loss. The next enticing rally target lies not far above, and we’ll be looking to re-short there. Rinse and repeat. Presumably, the mainstream media, ever excitable and ignorant of the real world, will be trumpeting the new record highs as though they had been divinely ordained. If there is a difference this time, it is reflected in the palpable skittishness of individual investors. They have largely been out of the bull market, skeptical about the supposed economic ‘recovery’, and fearful that the institutional orgy of madness to end come to no good end. Visit Rick's Picks' 24/7 chat room and share timely ideas and real-time results with great traders from around the world. Click on the link for a free trial subscription.


| Digg This Article
 -- Published: Wednesday, 24 August 2016 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2017



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.