NEW YORK (AP) — Ric Ocasek, The Cars frontman whose deadpan vocal delivery and lanky, sunglassed look defined a rock era with chart-topping hits like “Just What I Needed,” was discovered dead Sunday afternoon in his Manhattan apartment.
The New York Police Department said that officers found the 75-year-old Ocasek at about 4 p.m. after responding to a 911 call. They said there were no signs of foul play and that the medical examiner was to determine a cause of death.
The death comes a year after The Cars were inducted into the Rock & Roll Hall of Fame, followed by an announcement by model Paulina Porizkova on social media that she and Ocasek had separated after 28 years of marriage. The pair first met while filming the music video for “Drive,” another Cars hit.
Ocasek, who sang, played guitar and wrote most of the band’s songs, and Benjamin Orr, who played bass and also sang, were ex-hippie buddies who formed The Cars in Boston in 1976. They were a decade older than many of their modern-rock compatriots but became one of the most essential American bands of the late 1970s and 1980s with their fusion of new wave, 1960s pop and 1970s glam.
Ocasek’s minimalist, half-spoken deadpan vocals set made the band’s sound, and his long, lanky appearance formed their lasting image.
The first three songs on their 1978 self-titled first album were all hit singles and remain widely known classics and oldies radio airplay: “Good Times Roll,” ″My Best Friend’s Girl” and “Just What I Needed.” Full Story
Trump says US locked and loaded in response to drone attack
WASHINGTON (AP) — Tensions are flaring in the Persian Gulf after President Donald Trump said the U.S. is “locked and loaded” to respond to a weekend drone assault on Saudi Arabia’s energy infrastructure that his aides blamed on Iran.
The attack, which halved the kingdom’s oil production and sent crude prices spiking , led Trump to authorize the release of U.S. strategic reserves should they be necessary to stabilize markets. Full Story
As shock wears off, mental health concerns grow in Bahamas
HIGH ROCK, Bahamas (AP) — One woman and her husband huddled on top of a bedroom dresser for two days, surrounded by floodwaters.
Another man sat in his wheelchair for nearly 48 hours in water up to his chest, alone in his home.
A third rescued a friend who sat in shock when part of a building where they sought shelter blew away.
Stories of survival are trickling out across northern Bahamas as the initial shock wears off from Hurricane Dorian, one of the strongest Atlantic hurricanes in history. Full Story
WASHINGTON (AP) — The U.S. tried to build its case Monday that Iran was behind the fiery weekend attack on key Saudi Arabian oil facilities that raised new war worries and sent energy prices spiraling worldwide. Iran denied responsibility, while President Donald Trump said the United States was “locked and loaded” to respond if necessary.
American officials released satellite images of the damage at the heart of the kingdom’s crucial Abqaiq oil processing plant and a key oil field, and two U.S. officials said the attacker used multiple cruise missiles and drone aircraft.
The Americans alleged the pattern of destruction suggested Saturday’s attack did not come from neighboring Yemen, as claimed by Iranian-backed Houthi rebels there. A Saudi military spokesman later made a similar accusation, alleging “Iranian weapons” had been used in the assault.
Iran rejected the allegations, and a government spokesman said there now was “absolutely no chance” of a hoped-for meeting between Iranian President Hassan Rouhani and Trump at the U.N. General Assembly next week.
For his part, Trump sent mixed signals, saying his “locked and loaded” government waited for Saudi confirmation of Iran being behind the attack while later tweeting that the U.S. didn’t need Mideast oil “but will help our Allies!”
One U.S. official, speaking on condition of anonymity to discuss internal deliberations, said the U.S. was considering dispatching additional military resources to the Gulf but that no decisions had been made. Full Story
Warren offers anti-corruption plan central to her campaign
NEW YORK (AP) — Elizabeth Warren has released a proposal aimed at government corruption, providing a detailed policy roadmap for a fight she says is at the core of her presidential campaign.
The Democratic senator from Massachusetts is announcing the plan Monday in Manhattan’s Washington Square Park, near the site of the Triangle Shirtwaist Co., which caught fire in 1911, killing 140-plus workers. Many of those deaths later were attributed to neglected safety features, such as doors that were locked inside the factory. Full Story
Auto strike idles more than 50 GM factories and warehouses
DETROIT (AP) — More than 49,000 members of the United Auto Workers went on strike Monday against General Motors, bringing more than 50 factories and parts warehouses to a standstill in the union’s first walkout against the No. 1 U.S. automaker in over a decade.
Workers left factories and formed picket lines shortly after midnight in the dispute over a new four-year contract. The union’s top negotiator said in a letter to the company that the strike could have been averted had the company made its latest offer sooner. Full Story
The Stock Market Crash of 1929 began on October 24. While it is remembered for the panic selling in the first week, the largest falls occurred in the following two years. The Dow Jones Industrial Average did not bottom out until July 8, 1932, by which time it had fallen 89% from its September 1929 peak, making it the biggest bear market in Wall Street’s history. The Dow Jones did not return to its 1929 high until November 1954.
BREAKING DOWN ‘Stock Market Crash Of 1929’
The stock market crash of 1929 followed a bull market which had seen the Dow Jones rise 400% in five years. But with industrial companies trading at price-earnings ratios of 15, valuations did not appear unreasonable after a decade of record productivity growth in manufacturing – that is until you take into account the public utility holding companies.
By 1929, thousands of electricity companies had been consolidated into holding companies which were themselves owned by other holding companies, which controlled about two-thirds of American industry. Ten layers separated the top and bottom of some of these complex highly leveraged pyramids. As the Federal Trade Commission reported in 1928, the unfair practices these holding companies were involved in — like bilking subsidiaries through service contracts and fraudulent accounting involving depreciation and inflated property values — were a “menace to the investor.”
The stock market crashed in 1929, plummeting into a correction.
Margin buying, lack of legal protections, overpriced stocks and Fed policy contributed to the crash.
There are ways to protect investors can protect a portfolio from downturns.
On October 16, 1929, Yale economist Irving Fisher wrote in the New York Times that “Stock prices have reached what looks like a permanently high plateau.” Eight days later, on October 24, 1929, the stock market began a four-day crash on what became known as Black Thursday. This crash cost investors more than World War I and was one of the catalysts for the Great Depression. Irving Fisher’s declaration went down as the worst stock market prediction of all time.
Before the 1929 stock market crash: Risks and warning signs
Hindsight is always 20/20 but in the Roaring Twenties, optimism and affluence had risen like never before. The economy grew by 42% (real GDP went from $688 billion in 1920 to $977 billion in 1929), average income rose by about $1,500 and unemployment stayed below 4%. In the wake of World War I, the U.S. was producing nearly half of global output and mass production made consumer goods like refrigerators, washing machines, radios and vacuums accessible to the average household. Investing in stocks became like baseball – a national pastime. As newspaper headlines trumpeted stories about teachers, chauffeurs and maids making millions in the stock market, concerns about risk evaporated.
Why The 1929 Stock Market Crash Could Happen In 2018?
As U.S. stocks continue soaring to record high after record high, investors anticipating an inevitable plunge have yet another cause for sleepless nights. The CAPE ratio, a measure of stock valuations devised by Nobel Laureate economist Robert Shiller of Yale University, is now at a higher level than it was before the Great Crash of 1929, the Financial Times reports, adding that the only time the CAPE was even higher preceded the dotcom crash of 2000-02. However, the FT notes, there are some differences between 1929 and 2018 that make the CAPE parallel less terrifying for investors.
From their previous bear market lows reached in intraday trading on March 6, 2009, through their closing values on January 12, 2018, the S&P 500 Index (SPX) has gained 318% and the Dow Jones Industrial Average (DJIA) has advanced 299%. Regarding the CAPE valuation analysis, there are several key limitations.
Drawbacks of CAPE
According to investment manager Rob Arnott, the founder, chairman and CEO of Research Associates, CAPE has been on an upward trend over time. This makes sense both to him and to the FT since the U.S. as progressed from being essentially an emerging market to the world’s dominant economy during the course of more than a century. As a result, both believe that an increasing earnings multiple for U.S. stocks would be justified. While the current value of CAPE is above its long term trend line, the difference is much smaller than in 1929, as Arnott’s detailed research paper shows.
The dot.com mania underwent a backbreaking correction before the market blasted off and topped out at the end of 1999. The image above illustrates that Bitcoin also experienced such a correction, but because of the large follow through move it appears to be nothing but a blip. Consider that from a high of 2977 (June 10, 2017); it dropped to a low of 1808 set on the 15th of July 2017; it shed roughly 40% in that short period (illustrated by the green box). Everyone knows what followed.
Misery loves company, but it tends to Pay’s very poorly in the long run
It looks grim, the media is pumping end of the world type scenarios, strong bulls are showing signs of weakness, and even contrarian investors are starting to break. Pure contrarians are smarter than the masses, but they do have flaws; the smartest investors are the ones that put the principles of mass psychology into play. They observe the mass mindset, and they understand that even when fear starts to creep into the equation, they are compelled to ask this question: Was the crowd in a state of euphoria when the market topped out? If the answer is “no”, then no matter how terrible the picture might look, the end game is that the crowd is being set up for a false downward move. And the normal response would “why”. Simple answer, this is an advanced form of Pavlovian training.
The Bitcoin crash was like the Tulip Bubble, it was a scam from the beginning. The ones that made the money were the ones that got in first, the ones that got in late were handed their heads on a stinky tin platter. Never get into an investment when the masses are euphoric, buy when there is blood in the streets and vice versa.
Stock market crashes are different as they don’t represent one sector, so it is just a matter of time before the markets will revert to the norm. From a mass psychology perspective, stock market crashes are nothing but long-term buying opportunities. Forget about the what happens if the stock market crashes scenario, and focus on what you would do if stocks you were dying to own before are now selling for pennies on the dollar.
Pavlovian Type Training Is Being Used On The Masses
When the market does put in a bottom after experiencing a backbreaking correction, and then goes on to mount a powerful rally; the crowd imprints the following data in their minds. Buy the pullback, because it is a fake trap to drive us out; they also start to believe in the following mantra “the stronger the pullback, the better the opportunity”. Next time when the Market puts in a top, bullish sentiment will remain unusually high, and that will be the warning to students of Mass Psychology that the real skull crushing correction is on its way. Again, we point you in the direction of the not too distant Bitcoin spectacular bull market and the equally spectacular crash. From low to high Bitcoin tacked on 11,000% in gains and the masses still assumed that the only direction it could trade was up. When it topped the Bitcoin crowd was beyond ecstatic.
As for whether the bitcoin crash is over, we believe that one should wait a bit longer before jumping in and for all intents and purposes, Bitcoin is highly unlikely to test the 20,000 ranges for a very long time. On the downside, bitcoin is likely to test the 3000 ranges with a possible overshoot to the 2,500 ranges before a meaningful bottom takes hold. At this point in time, there are many other stocks that look interesting and far more attractive than bitcoin, for example, PG, MRK, TCEHY, etc
Courtesy of Tactical Investor
Random views on Bitcoin Crash
So, you’ve heard about Bitcoin and you want to invest…
You’re not the only one! Bitcoin has been one of the best investments you could have made in the last 5 years. People are still using it to make a lot of money, in many different ways.
In this guide, I will teach you the history of Bitcoin, the future of Bitcoin and how to understand what goes into a Bitcoin price prediction. We will look at predictions for different years, including the Bitcoin price prediction 2019. I will answer the questions that are on everybody’s minds, like “Will Bitcoin crash?” and “Why is Bitcoin rising?”.
Understanding how to predict and invest is the first step to building a successful portfolio. However, with all investments, there are risks involved. So, you should always speak to a financial advisor before making any major decisions. Before going to Bitcoin price prediction, let’s go back a little to the basics. I assume, as you are reading this guide, you must have heard of Bitcoin. Bitcoin is the world’s first digital currency and it has been very popular over the last year! A lot of people have made large profits by buying Bitcoin for a low price and then selling it for a high price.
Confused? Well, let me explain.
Bitcoin is a currency, just like US Dollars, Japanese Yen or British Pounds. It can be bought, sold and exchanged for goods and services. Full Story
Is Now The Time to Buy Bitcoin? The 2019 Edition
Many investors are still hesitant about Bitcoin ending the bearish period, despite Bitcoin’s recent consolidation price action and market fundamentals looking strong
How will you know if it’s the time to buy Bitcoin? In this article we’ll present signs that may indicate on an end to the current bear market.
Timing the market is almost impossible – meet the DCA option.
Most experienced traders know that markets are primarily driven by emotions, and the key to cracking them is understanding the market psychology as well as being able to interpret technical analysis and chart fundamentals.
Despite this public knowledge, many of us still fall into the same traps that cause us to either lose money or miss out on significant investment opportunities. This is not just limited to Bitcoin and crypto.
The current sentiment around the crypto markets indicates that the majority may be falling for yet another emotionally driven trap.
Ironically, people rushed to buy Bitcoin when it first hit $10,000 and $15,000 in late 2017, yet now when the price is around the mid $3K range (discount of over 80% from the all-time high), there is steady progress and strong market fundamentals, buyers seem to be more hesitant than ever about entering the market and buying Bitcoin.
Perhaps it’s the fear of being yet another victim of the market crashes we’ve seen during the 2018 bear market, or the constant negative messaging led by the mainstream media insisting that ‘Bitcoin is dead’ or a ‘pyramid scheme’. Full Story
Strategist Who Called Bitcoin Crash Says It’s Time to Buy Crypto
Bitcoin is in the middle of a sustained recovery and investors should use recent weakness to buy more, according to Fundstrat technical strategist Robert Sluymer. The largest cryptocurrency climbed to its highest since November.
“Use pending pullbacks to continue accumulating Bitcoin in the second quarter in anticipation of a second-half rally through ~6,000 resistance,” Sluymer wrote in a note May 2. He sees Bitcoin’s rebound from its 200-week moving average and breakout from its first-quarter trading range as “the early stage of a longer-term recovery developing.”
Bitcoin advanced as much as 7.2 percent to $5,795.50 as of 9:33 a.m. in New York, according to Bloomberg composite pricing. The 55 percent jump in 2019 has helped pull rival tokens higher. Litecoin has soared more than two-fold.
Adding to the overall optimism Friday was a Wall Street Journal report that Facebook Inc. is reaching out to financial companies and online merchants to help launch a cryptocurrency-based payments system tied to the social network.
Sluymer warned in mid-November, when Bitcoin was trading around $5,500, that the asset had suffered “significant technical damage” that could take months to repair. Over the next several weeks, Bitcoin slid to as low as $3,136.04. In February, Sluymer cautioned that the technical position in the crypto space was still weak. Bitcoin didn’t recover the $5,000 level until early April.
Fundstrat was an early mover in analyzing cryptocurrencies and developed its own indexes. And Sluymer’s colleague, Fundstrat co-founder Tom Lee, is regarded as a Bitcoin bull. Full Story
Have you ever heard or seen the press push good news and that begs the question why? Fear sells, and everyone is using fear as the tool to manipulate the masses. It is the oldest trick in the books, but unfortunately, it works like a charm. The so-called Trending Now News concept is just another ploy to make garbage somewhat platable.
Once you realise the ploy, it is easy to deal with the issue. How do you recognise the ruse, the best way is to stop watching TV. For example, I cut the cord roughly 10 years ago. I am always asked if I have a smart TV, and I respond with “yes it’s brilliant” because it keeps its mouth shut most of the time. When you stop watching the news which is nothing but gossip on steroids, one finds out that nothing has changed. That’s when the realisation sinks in that today’s news has, and will always be an avenue for the best gossipers to turn garbage into sensational headlines. The news is worse than “toilet paper”; at least toilet paper is good for one swipe, one can’t lay the same claim to today’s news.
The media is going to continue to weaponise the news. Be prepared for fantasy claims regarding Brexit, the trade war with China, and any other factor that can be spun. Ridiculous claims that make no sense will be used to try to push the fear factor higher; once again the best solution is to just ignore what the media is pushing and focus on the trend.
The “silver lining” is that fear of the unknown increases the “uncertainty factor” and in doing so breathes even more life into this bull market. Until the Masses embrace this bull, this mad bull is unlikely to die. The logical path based on the news is to panic, the illogical path is to ignore. Logic works when it’s based on reality, but fear is not based on reality, it’s based on a perception of what “could” happen. If you start to fantasize over what could, would, and should happen, one cannot focus on the trend. Ignore the noise and focus on the trend.
Despite the fact, that the DOW is dangerously close to testing its old highs, there are too many traders sitting on the sidelines waiting for the markets to pull back. For almost this entire year, the number of individuals in the neutral camp has exceeded the individuals in the Bearish and Bullish camps. Neutrality equates to uncertainty and uncertain individuals are the 1st ones to panic.
These chaps will react the same way they have always reacted in the past when the markets do pullback, they will panic and flee for the hills and the whole process of waiting for the next pullback will start over again. In the end, these guys worry about everything but never focus on the main issue, which is to make money in the markets. The only way to make money in the markets is to be in it; as the say, the rest is just noise. Hence there is a very good chance that the next pullback could push neutral readings to the 50% mark. Every time this has occurred (since the inception of this bull market), the markets recouped their losses and then surged to new highs.
The weekly charts illustrate that the Dow is now trading in the overbought ranges; it still has a bit of room before it moves into the extremely overbought zone. On the monthly charts the MACD’s have still not experienced a bullish crossover; until they do there is always a chance that the markets could experience a stronger than expected pullback. If this occurs embrace the correction as we from Nov 2018 to Jan 2019. Market Update April 13, 2019
Random thoughts on the Fed and Stock Market March 2019
In terms of the stock market, until the Fed changes its mind, all sharp corrections have to be viewed as buying opportunities, and backbreaking corrections have to be placed in the category of “once in a lifetime events”, provided of course the trend is positive. That is what we are here for; to inform you if the trend is positive (Up) or negative (down).
The world is going to witness a Fed that has decided to make a cocktail of Coke, Heroin, Crack and Meth and take it all in one shot. Imagine what a junkie on this combination of potent drugs is capable of doing, and you will have an idea of where the Fed is heading in the years to come. Now the Gold bugs will cry “I told you so”. Our response to this statement; not so fast little bugs. While precious metals will do well, we think stocks in key sectors (and we are not referring to Gold stocks) will pulverise the precious metals sector in terms of returns. One such area is robots (particularly Sex-bots) and AI. Market Update Feb 28, 2019
Courtesy of Tactical Investor
Random views on Trending Now Fake News
how to avoid financial fake news
Steve McDonald (SM): The topic this week is information sources. With the president claiming that there’s all types of fake news out there, I have news for him: There’s always been fake news in the money press.
So we have Matthew Carr here today to talk about reliable information sources and why that’s so important if you’re going to get the market right.
Matthew Carr (MC): Thanks for having me, Steve.
SM: It’s my pleasure. We’re not going to get political, I promise you. But is there a lot of fake news in the money press?
MC: Oh, I’m with you. I believe there’s always been some sort of fake news or bias in the press. You know, when I was growing up, we were always taught to read, for example, The Washington Times and The Washington Post.
You read the same story in both publications. They each have a slant either to the left or the right. And you know that somewhere in the middle is the truth. And in the financial press, everybody’s going to pick their sides.
We live in this divided world where our political affiliations sort of dictate everything that we do, so it is important you try to make sure you’re cobbling together the best, clearest picture as possible, and a lot of times that just means pulling from as many sources as possible.
SM: Do you have a primary source of information that you like to use? Full Story
How Social Media Giants Are Fighting The Fake News Menace
In recent times, the issue of fake content has taken epic proportions. Major social media platforms like Facebook (NASDAQ:FB) , Twitter (NYSE:TWTR) , Weibo (NASDAQ:WB) and Alphabet’s (NASDAQ:GOOGL) Google have frequently come under fire for failing to combat the spread of fake news on their platforms.
Social media giants are playing an expansive role in connecting the world, thanks to the improvement in Internet speed and connectivity as well as solid penetration of mobile devices. Per a survey by Pew Research Center last year, 20% of American adults learn about current affairs through social media and only 16% through newspapers.
However, according to the Reuters Institute Digital News Report 2018, the usage of social media and aggregators for news is declining, primarily due to trust and privacy issues, and fake news concerns. The report, which surveyed more than 74,000 people in 37 markets, stated that only 23% of respondents trust the news they find on social media.
Fake News Proliferates Faster
Fake news has been responsible for numerous sensitive situations, including terror propaganda and tampering with people’s sentiments about culture, religion and politics. Full Story
How To Invest In A Time Of Fake News?
This election year has created a major challenge for investors: How to deal with the fake news that now circulates daily. The basis of investment fake news is trying to build forecasts and outlooks on political pronouncements. Therefore, we need to ignore the fake flow and focus on facts. Only by doing so can we have a sensible strategy for pursuing returns and controlling risks.
Disclosure: Author is invested in selected U.S. stocks and actively managed U.S. stock funds. Holdings include Apple, Starbucks and Walt Disney, mentioned below.
“Fake news” has two components, commonly used after elections
Taking as fact the statements of desire (primarily by President-elect Donald Trump) that drove the election cycle. The problem is that desires often change when the governing period starts, Moreover, the U.S. Government structure and political realities offer no assurance that desires can become reality, either quickly or as envisioned.
Making pronouncements of surefire investment actions based on simplistic interpretations of those statements of desire. This elementary A=B without fact, fulsome reasoning and common sense is an invitation to underperformance or, worse, loss as the contrarian approach turns out to be the correct path.
Ramping up the challenge is the trail of contradictory statements of desire
Based on his Donald Trump’s statements regarding military buildup, the advice is that we should buy defense stocks. However, what about Trump’s roast of Boeing and Lockheed, plus his dismissive attitude toward our NATO allies, a source of foreign sales? Full Story
Boeing (BA) CEO Dennis Muilenburg has once again reiterated his expectations about the 737 MAX resuming services in the fourth quarter. Muilenburg made the comments during an investor conference in California on September 11, according to CNBC.
https://www.youtube.com/watch?v=KVQz3RKrUfwHowever, he warned that the timetable of the jet’s return could be different in every country, given the disparity among regulators, reports CNBC. Muilenburg said, “I think the phased ungrounding of the airplane amongst regulators around the world is a possibility.”
Boeing is awaiting safety approval for the 737 MAX, which has been under a global flying ban since mid-March after a software problem caused two deadly accidents within five months. Once Boeing updates the software, world regulators will scrutinize it before approving the model to fly again.
The quick return of the MAX is critical for Southwest Airlines (LUV), American Airlines (AAL), and United Airlines (UAL). Together, the three airlines own 72 Boeing 737 MAX planes. They have suffered over 35,000 flight cancellations since the MAX’s grounding, costing them millions of dollars in foregone revenue and operating profit.
Why could the 737 MAX’s return be in phases?
Muilenburg’s concerns look realistic given the changing circumstances. On September 3, The Wall Street Journal reported that Boeing “failed to provide technical details and answer specific questions about modifications in the operation of MAX flight-control computers.” It added that regulators from the US, Europe, Brazil, and many other countries cut short Boeing’s August briefing. Full Story
Indonesia blames Malaysian companies for some forest fires
JAKARTA (Reuters) – Indonesia on Friday blamed four Malaysian companies, including the world’s biggest producer of sustainable palm oil, for causing some of the forest fires within its borders, in an escalating row between neighbours over regional haze.
Malaysia has said Indonesian forest fires are responsible for the smoky haze that has caused air quality to drop to unhealthy levels in certain parts of the country. Indonesia has dismissed those claims, saying fires within Malaysia are causing the pollution. Full Story
2020 Dem Debates: Round Three
Round three of the Democratic debates is scheduled for 8 p.m. EDT Thursday at Texas Southern University in Houston. It’s the first debate to be contained to one night, and is expected to take three hours. 10 candidates will be on stage; former Vice President Joe Biden (DE), Senator Elizabeth Warren (MA), Sen. Bernie Sanders (VT), Sen. Kamala Harris (CA), South Bend Mayor Pete Buttigieg (IN), former Congressman Beto O’Rourke (TX), businessman Andrew Yang (NY), Sen. Cory Booker (NJ), former Housing and Urban Development Secretary Julian Castro (TX), and Sen. Amy Klobuchar (MN). Full Story
Asian markets move higher on hopes for a cooling trade war
Hong Kong (CNN Business)Asian stocks rallied Friday on continued hopes for a break in the US-China trade war.
Hong Kong’s Hang Seng (HSI) was up 0.3% at market open, gaining ground after posting losses Thursday. Japan’s Nikkei (N225) jumped nearly 1%.
Markets in mainland China and South Korea were closed for holidays. Full Story
Syria Turkey: Syrian government forces have started to reach the north of the country, hours after the government agreed to help Kurdish forces facing Turkey.
Syrian state media say government forces entered Ain Issa on Monday, 30km (19 miles) south of the Turkish border.
The deal came after the US, the Kurds’ main ally, said it would withdraw its remaining troops from northern Syria.
Turkey began an offensive in the region last week, aiming to push Kurdish forces from the border region.
Areas under the control of the Kurdish-led Syrian Democratic Forces (SDF) came under heavy bombardment over the weekend, with Turkey making gains in two key border towns.
Dozens of civilians and fighters have been killed on both sides.
The US announced on Sunday it was preparing to evacuate its 1,000 remaining soldiers from northern Syria.The Turkish offensive and US withdrawal have drawn an international outcry, as the SDF were the main allies of the West in the battle against the Islamic State (IS) group in Syria.
There have been fears about a possible resurgence of the group amid the instability. On Sunday Kurdish officials said nearly 800 relatives of foreign IS members had escaped from a camp in Ain Issa, where the Syrian army reportedly has now reached.
Turkey views elements of the Kurdish groups as terrorists and says it wants to drive them away from a “safe zone” reaching 32km into Syria. Full Story
The K-pop star Sulli has died aged 25
Police told the BBC the singer’s manager found her dead at her home near Seoul, South Korea.
They say they are investigating the cause of her death and are working on the assumption that she may have taken her own life.
The star, who had more than five million followers on Instagram, was a former member of the band f(x) until she left in 2015 to focus on her acting career. Full Story
Macron pension reform: Paris paralysed by massive strike
The French capital is seeing huge jams and massive crowds on the few metro lines running as transport workers strike against planned France pension reform.
Ten of Paris’s 16 lines were shut and service on the others was disrupted.
Many workers cycled, walked or stayed at home, while free rides were on offer on transport operator RATP’s e-moped and Uber’s e-bike and scooter networks.
The strike, the biggest since 2007, is the first big act against President Macron’s plan for a universal pension.
It would replace dozens of different pension schemes for different professions.
Macron unveils reforms after yellow-vest protests
How safe are electric scooters?
Could e-bikes be the future?
Members of other professions including lawyers, airline staff and medical workers have called for more strikes starting on Monday.
What is the situation in Paris?
There were 235km (145 miles) of traffic jams in the Paris region, officials said, more than double normal levels.
Local media showed photos of crammed platforms on four metro lines, where some trains were running.
Le Parisien newspaper said a legal requirement to maintain a minimum level of service – in place following a big strike in 2007, which was also against a pension overhaul – was not being fulfilled.
Three of the city’s five regional rail lines, run by national rail operator SNCF, were running as normal but the two other lines were offering a reduced rush hour service and no trains at all during the rest of the day. Full Story
Myanmar’s deadly ‘jade rush’
The world’s biggest jade mines are found in the restive Kachin state in Myanmar.
BBC Burmese gained rare access to area where mountains have been turned into moonscapes. Full Story
South Africa sexual violence protesters target stock exchange
People campaigning over the high levels of violence against women in South Africa have taken their protest to the financial heart of the country.
Hundreds have gathered outside the Johannesburg Stock Exchange to call on the country’s big firms to do more to tackle gender inequality. Full Story
Malaria vaccine in Kenya – a potential game-changer
The world’s first malaria vaccine is being rolled out in parts of Kenya from Friday, after previously being released in Ghana and Malawi.
It will be added to the routine vaccination schedule, and more than 300,000 children are expected to receive the vaccine over the next three years. Full Story
Hotels in new Orleans near Bourbon street: A large portion of a Hard Rock Hotel under construction in New Orleans collapsed Saturday morning, killing at least two people and injuring 20 others, authorities said. The building bordering the city’s historic French Quarter is considered unstable and officials said further collapse is possible.
Three people were initially reported missing, though one has since been found, according to the New Orleans Fire Department. Authorities said no one on the ground was injured in the collapse.
According to Mayor LaToya Cantrell, 112 people were in the building at the time of collapse. Though the search for those missing was suspended for the evening, Cantrell confirmed that rescuers found two bodies but were unable to retrieve them.
The @NewOrleansRTA announced all bus & streetcar connections in the affected area near Canal & Elk will now be operated at their headquarters at 2817 Canal St. Staff will be on hand to assist riders with rerouted services. Updates at https://t.co/xySimuVThw#HardRockCollapse
Streets surrounding the site were closed and some buildings were evacuated, including the nearby 145-year-old New Orleans Athletic Club.
CBS affiliate WWL shared video of the collapse which showed construction workers running for their lives as the parts of the hotel came crashing down.
Governor John Bel Edwards was at the scene urging residents to stay away from the area. “I’m just asking for everybody to pray for those who are at the hospital,” Edwards told reporters.
Mayor Cantrell issued a statement saying “our hearts break for the loss of life.”
Construction plans for the 350-room hotel include a 12,000 square foot event space, two ballrooms and a residential space, according to a news release. Full Story
Kurds fighting Turks after U.S. withdrawal
The U.S. plans to withdraw 1,000 troops from northern Syria. Donald Trump tweeted on Sunday that it’s “very smart not to be involved in the intense fighting.” Turkish soldiers are attacking Kurdish fighters, who helped the U.S. combat ISIS. It’s estimated 130,000 people have been displaced due to violence. Roxana Saberi reports. Full Story
Nobel Prize in economics 2019 goes to Abhijit Banerjee, Esther Duflo and Michael Kremer
Stockholm — The 2019 Nobel Prize in economics was awarded Monday to Abhijit Banerjee, Esther Duflo and Michael Kremer for pioneering new ways to alleviate global poverty. Banerjee and Duflo are at the Massachusetts Institute of Technology, while Kremer, an American is at Harvard University. The three have often worked together. Full Story
The lies the media and all the experts were pumping during the sell-off phase (Nov-Dec 2018) was that the crowd had to worry about higher rates and an increasingly hawkish Fed. And viola like magic the narrative has changed, now they are talking about a Powell put and how the Fed is turning dovish, which clearly proves two points we have been stating for a long time
Mass Media should be viewed and treated with the same respect one accords to sewage.
The masses (which include the experts) are always on the wrong side of the fence. For the record, these same penguins were stating that the markets were destined to crash last year.
Fear pays Poorly
First of all, we hope that the majority of our subscribers are starting to perceive that succumbing to Fear is a dangerous strategy to adopt. Life and investing should not be stressful; stress is something that every Tactical Investor should abhor. Moreover, remember, stress comes down to perceptions; alter the perception and one can shift from being stressed to being serene.
Experts love to push the argument that investing is hard and that it takes forever to master this art. Remember that investing is an art, not a science and art is meant to be enjoyed. So are the masses starting to jump on the bandwagon after this strong turn around; the obvious answer would be yes_? The not so obvious answer would be ___? Continue reading, and you will find out 🙂
Investors are sitting on a massive pile of cash, and it is growing by the day.
The masses panicked when the so-called Santa Claus rally failed to materialise. What they failed to spot was that Santa was providing the astute player with a lovely shopping list and all the goods were on sale. This January effect was one of the strongest on record and more than makes up for the Santa Claus fail, proving that our stance to remain cool during the so-called December meltdown (opportunity as far we are concerned) was the right posture to take. Santa Claus did not give presents last year, but he provided us with a fantastic list of stocks to buy at a discount price.
To date institutions and individuals have poured billions upon billions of dollars into money market funds. The apparent culprits were; Interest rates, the trade war, government shutdown, Trump investigations and whatever other rubbish you can come up with. Money market assets surged to $3 trillion this January, the highest level since March of 2010, clearly indicating that the masses as always know nothing and jump into the wrong investment at precisely the right time.
Pay close attention to the masses for the data they willingly provide is worth its weight in Gold. Sadly, the masses volunteer for the role of being used as “cannon fodder” over and over again. Try to save them, and they are likely to crucify you to the nearest pole they can find. Watch or read Plato’s allegory of the cave to understand why the masses will never reward anyone that tries to open their eyes.
Common Themes During Stock Market Crashes
The world is ending, and everyone needs to flee for the hills. The wretched media then diligently create a cocktail on steroids, and serve it to the herd; without fail, they fall for the same ploy over and over again.
“Investors can penalize themselves. While money market funds offer safety, they come at a cost as they accept a lower yield,” said Jerome Schneider, head of short-term portfolio management at PIMCO in Newport Beach, California.
“I like cash now. You can earn a very reasonable return on cash,” said James Sarni, senior portfolio manager at Payden & Rygel in Los Angeles.
We stated all along that the Fed was lying about inflation and now the truth has emerged. Suddenly Powell is changing his tune. Now he has pledged to be “patient” before raising rates; what gives? B.S that is what gives, the Fed’s only function is to foster boom and bust cycles.
“I worry those investors who have long-term horizons may be hurting themselves,” said Kristina Hooper, global market strategist at Invesco in New York.
As always the masses will wait until the very end, then they will jump in and shortly after that the markets will tank. For the masses, the only possible outcome is pain and loss. Investors sitting on the sidelines are already paying the price, quality stocks have made a strong comeback from their Dec lows, and the party has just begun.
PIMCO’s Schneider stated the following, and we could not agree more
“They tend to play it safe for too long,”
What Is Our Response To These Stock Market Crash Stories
It is rubbish end of story, for the markets have already priced this factor in and the experts are now going to spin gossip into news. At the moment they are still pushing the Tariff wars issue, but it will end on the same note; lots of huffing and puffing but the bad wolf will not be able to blow the house down. What will knock this bull out? When the masses are ecstatic; until then all the nonsense that is graciously labelled as “news” should be taken with a barrel of salt and a shot of whiskey.
Despite, the sharp rally the markets have experienced, the masses surprisingly are far from bullish; in fact, the largest number of individuals is in the neutral camp. The current reading; the number of individuals in the neutral camp stands at 37 and bears account for 32; this means that 69% of individuals are still either uncertain or bearish and that has to be viewed as fantastic development.
Courtesy of Tactical Investor
Random views on Sock Market Lies
Stock Market Facing a 2019 Crash: 70% Correction Warning
July 2019 will mark exactly 10 years since the end of the Global Financial Crisis in 2009. It will also mark the longest period of economic expansion on record, surpassing the 1991 to 2001 internet boom.
The question – Is the current boom sustainable?
The 90s economic boom was fuelled by the internet. This economic recovery has been fuelled by historically low-interest rates and cheap credit – a situation many investors and economists say cannot last.
Warning Signs: The End of the Economic Boom
2018 has been the most volatile year in the stock market since the recession, and volatility can make stock market crises more likely.
The Interest Rates and Financial Crises Relationship
As the US economy firing on all cylinders, the Federal Reserve has increased interest rates eight times since 2015. However, as the US nears full employment, there is an increased danger of rising inflation and consumer prices.
Increasing interest rates is a strategy to curb the rise of inflation – increasing the cost of credit and making saving more attractive strikes a balance between people spending and saving.
However, there are also dangers to this approach. Lower consumer spending has a negative impact on the revenue of consumer-facing businesses. Declining revenue then tightens spending across both the consumer and business landscapes. At the same time, higher interest rates make it harder for financially weak companies to meet their debt obligations. Full Story
A Global Market Crash In 2019? 5 Must-See Charts!
Global markets look shaky. Global stocks were volatile this year, and even U.S. stocks have followed their path lower in recent months. The million dollar question is whether this will result in a global market crash in 2019 or whether this is the end of a weak period. After publishing our Stock Market Crash In 2019 Brewing forecast we now look at global markets. Based on these 5 charts we want to make a point about the probability of a global market crash in 2019, and indicate which leading indicators to watch.
InvestingHaven’s recent analysis of the important and violet global market crashes recent decades shows that any important crash started with weakness in currency and credit markets.
In other words any attempt to forecast a global market crash starts with a thorough analysis of leading currency charts as well as yields.
More specifically we have to look for the long term chart patterns, and structural changes in patterns like reversals from secular support or resistance as well as breakouts or breakdowns from secular trends. This is also the focus in this article, and we do so based on 5 long term charts.
The short answer to our question whether we should prepare for a global market crash in 2019: no we do not see enough evidence as of now of a global market crash in 2019 but some of our leading indicators are visibly deteriorating. Full Story
Stock Market Crash Inevitable in 2019: Bitcoin to Rise
Whenever a person buys a bitcoin or any other cryptocurrency, basically you are investing in a market known as the crypto market. Most of the people think that there must be a relation between the current trend of other markets such as the stock market on the crypto market. And if it so, one must be worried about what will happen to the crypto market if the stock market collapse. Also, before that, one must foresee the chances of the stock market to be crashed in the upcoming years.
Well, in this article we will discuss two things which are anyhow interconnected to each other. The first phenomenon that we are going to discuss is the collapse of the stock market in 2019. Is it going to happen and what are the chances of the stock market crash in 2019? In the next section, we will discuss how if the stock market crashes in 2019, it will uplift the crypto market and bitcoin will rise due to it. So, let us first focus on how the collapse of the stock market is inevitable in 2019.
The stock market going to crash in 2019:
It has been ten years that a stock market crashed. As per the trade experts, the stock market is definitely going to collapse this year. The year 2018 itself was one of the worst years for stock market after 2008. Let us have some facts regarding the stock market current scenario: Full Story