“The market may be finally realizing that there are limits to what the Central Banks are able/willing to do to keep this gravy train going. On Friday we saw the Dow drop 394 points on the HINT that we may be coming to an end to the stimulus both here and in Europe. … “Without the […]
Author Archives: Jason Kelly
Singer: Breakdown Will Be Intense
In a cheerless missive to investors, Paul Singer at Elliott Management warned that the bond market is broken and that once central banks lose their ability to prop it up, the crash will be big. This is a recurring bearish argument, but always popular. Singer says now is “in many ways the most peculiar period […]
Faber: S&P to Crash 50%
Marc Faber said on CNBC’s Trading Nation that the stock market could “easily give back five years of capital gains, which would take the market down to around 1100.” Getting to 1100 from the S&P 500’s Friday, August 12, 2016 close at 2184 would require a 50% crash. It’s not clear what has Faber so […]
Gundlach: Sell Everything
Noting the recent run-up in the benchmark Standard & Poor’s 500 index while economic growth remains weak and corporate earnings are stagnant, Jeffrey Gundlach, the chief executive of DoubleLine Capital, said stock investors have entered a “world of uber complacency.” … “The artist Christopher Wool has a word painting, ‘Sell the house, sell the car, […]
Kelly Letter Doubles S&P 500
The Kelly Letter‘s automated system is winning again. Through last Friday’s close, here’s how the three tiers of The Kelly Letter have performed so far this year, compared with the S&P 500: +11.4% Tier 2 +6.3% Tier 1 +4.1% Tier 3 +3.6% S&P 500 The letter’s overall performance is precisely twice the S&P 500’s, up 7.2% compared […]
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