Stocks drift as European gloom returns

U.S. stocks meandered sideways Monday as fears about Europe overshadowed recent excitement about central banks' efforts to boost the market.

Stocks opened lower and were down for most of the day, but recovered by mid-afternoon to nearly flat.

An index of business confidence in Germany, the biggest economy in Europe, fell for a fifth straight month. Many economists had expected it to at least remain flat. Some think Germany is headed for a recession.

The threat of the years-old European debt crisis has seemed less immediate in recent weeks as central banks unveiled measures aimed at encouraging investment and boosting the global economy. The German report reignited those fears. Continue reading "Stocks drift as European gloom returns"

i2k12 Back With a Bang

NFTRH 204 went like this… Crazy talk about the Outer Limits and complete control in the opening segment (It’s All Out the Window Now) and a serious talk about the DML (Dear Monetary Leader), deflationary destruction and the Crack Up Boom in the Wrap Up segment.  In between was a whole lot of nuts and bolts functional analysis of the situation.  Anyway, here’s the other half of the bookend…

Dear Monetary Leader is ushering in a brave new world and we will have to be nimble and ever in possession of a functional filter or better yet, bs detector.  I believe this is it, the beginning of the end game.  It is funny to think that so many months ago this letter had come up with another one of its little buzz phrases in ‘i2k12’ (inflationary 2012), which I had imagined holding sway in the second half of 2012 after the deflation scare had reloaded the will of policy makers to inflate.

Now we are here and I must admit there were times when I was brought to my figurative knees with respect to that view.  That is what markets do; they humble you and challenge you to be the best you can be.  That is probably the biggest reason I love this so much. Continue reading "i2k12 Back With a Bang"

How to Navigate an Economy Weighed Down by Government Meddling and Cronyism

By Doug Hornig, Casey Research

If you wanted to sum up the just-concluded Casey Research/Sprott Inc. Summit titled Navigating the Politicized Economy, you could say "The situation is hopeless but not serious."

More than 20 speakers – many of them world-renowned financial experts and best-selling authors – gathered in Carlsbad, CA, from September 7 to 9 to ascertain exactly how hopeless, and what investors can do to protect themselves.

Casey Chief Economist Bud Conrad reconfirmed – with a blizzard of charts and graphs – that the ship of state is still heading for a fiscal iceberg… and that iceberg looms closer by the day.

The US national debt has far outpaced the government's ability to pay it off. It's unsustainable – and made continuously worse by the Federal Reserve, which pushes more and more debt onto its balance sheet, blowing up an ever-bigger bubble. And with the recent announcement of QE3 – read "money-printing without any limits" – Conrad thinks the resulting pop! will be one that will make the entire globe's ears ring. Continue reading "How to Navigate an Economy Weighed Down by Government Meddling and Cronyism"

Chart to Watch - Corn

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of December Corn (ZC.V12.E). I hope you had a GREAT week !

Corn is currently in a counter trend correction and has gone on a weekly red MarketClub Trade Triangle which reflects the counter trend move.

The monthly MarketClub Trade Triangle is still green which means the longer term monthly trend is still bullish for Corn. Continue reading "Chart to Watch - Corn"

Stocks rise, extending Fed rally

Judging by the stock market, you'd think the U.S. economy was back in party mode.

Stocks pushed back Friday toward levels they last saw long before the financial crisis. The Dow Jones industrial average, which has fallen only three days this month, was up 13 points in the afternoon.

Telecommunications and health care stocks rose the most. Apple, on the day customers lined up around the world to buy its iPhone 5, reached an all-time high of $705.07 before falling back to $702.

The Dow had a shot at closing above 13,600 for the first time since Dec. 10, 2007, nine months before the fall of Lehman Brothers investment bank. It has risen more than 1,200 points since the start of June. Continue reading "Stocks rise, extending Fed rally"