The following is from this year’s Note 16 of The Kelly Letter, which went out to subscribers last Sunday morning. The market continues confounding bearish pundits. The Dow Jones Industrial Average closed above 18,000 for the first time since last July, and from its Friday close at 18,005 requires only a 1.5% rise to eclipse […]
Author Archives: Jason Kelly
Kiyosaki: 2016 Collapse is Coming
Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement. Broader U.S. stock markets are recovering from the worst 10-day […]
2016 Presidential Candidate Economic Platforms
Tomorrow is Super Tuesday, when ten states will vote to assign delegates to all remaining candidates running for president this year. The ten voting in both the Democratic and Republican races are Alabama, Arkansas, Georgia, Massachusetts, Minnesota, Oklahoma, Tennessee, Texas, Vermont, and Virginia. In addition to these ten voting for both sides, Alaska will vote […]
Posted in Presidency, US Economy, US politics
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Moraif: Get Out of Stocks
“Despite a strong 316 point rally on Friday, the market lost almost 1% the week ended February 12th. Very similar to what happened the previous week when we saw big, violent swings on the downside with a strong 396 point rally to finish the week. … “We are advising our clients to be out of […]
Faber: S&P to Crash 43%
Faber’s dour forecast is that the S&P 500, which ended Thursday trading at 1,943, amid a China-fueled global market rout, could plunge to its 2011 low. According to FactSet data, that would be 1,099.23, set that October. Faber referred to that outcome, a more-than-40% plunge in the broad stock-market benchmark, as his “medium bearish” scenario. […]
