Tag: NASDAQ (NASDAQ:COMP)

Hello MarketClub members everywhere. The back and forth between the two presidential nominees is quite extraordinary, and I believe it is reflecting its uniqueness on the market itself. No one quite knows what to expect or what the outcome is going to be. Some polls show Hillary in the lead and others show Trump leading. Then we have this whole FBI and Homeland Security looking into protecting the integrity of the voting system - I never thought I'd see this in my lifetime, but we are living through an extraordinary time in history.

Having said all that, let's take a look at the markets and what they are doing.

Today is the last trading day in August. It is also "Hump Day" and the middle of the trading week. I always like to look at the end of the month as a reassessment period as to where the market is closing in reference to last month's close. I will be doing that in today's video. Continue reading "This Market Like The Election Is Flawed" →

Hello MarketClub members everywhere. World bankers met at their August retreat this past weekend in Jackson Hole Wyoming and I am convinced that this is just party time for the bankers and a waste of money as nothing was resolved. There is a reason why nothing was resolved at this meeting and that is because the Fed headed by Janet Yellen has no clue about what to do with the U.S. economy. I have been harping on this for the past several years and believe the Fed is up the creek without a paddle and clueless about what to do. All this after printing trillions of dollars. Remember Helicopter Ben throwing money everywhere? That is Ben Bernanke the former head of the FED; his thesis was to do everything the opposite of the great depression when money was tight. Looks like it didn't work out too well for you Ben.

We live in a capitalistic economy, at least that is what they tell me and a capitalistic economy has boom and bust cycles. It is impossible for a capitalistic economy to stay even and smooth.

The only way I can see the Fed making its way out of this remarkable self-made disaster is by inflating the economy. That would take the onus off them and help stimulate businesses and production.

Is that likely to happen? At this point, your guess is as good as mine. As I stated earlier, the Fed is like a deer in the headlights and their actions are frozen in time. Plus, the FED is all out of options.

Enough said!

Let's begin today by looking at the major indices and where they are currently trading. Continue reading "The Big Party Get Together At Jackson Hole" →