David Stockman has long warned that the stock market is on the verge of a massive collapse, and the recent price action has him even more convinced than ever that the bottom is about to fall out. “I think it’s pretty obvious that the top is in,” the Reagan administration’s OMB director said Thursday … […]
Author Archives: Jason Kelly
The Participant 8/5/15: Interest Rates
THE PARTICIPANT by Jason Kelly Wednesday, August 5, 2015 ___________________________________ FEAR NO RISING INTEREST RATES Bill Gross, now at Janus Capital in Denver, wrote in his July 30 Investment Outlook that the Federal Reserve and other central banks have historically “relied on a model which assumes that lower and lower yields will stimulate not only […]
Kass: ‘Big Short’ May Be At Hand
“[T]he Wizard of Oz’s curtain will be soon opened and investors will finally begin to see whether the flight path of economic growth is steady enough to support stocks at current levels. Personally, I remain skeptical. “Thus far in 2015, I’ve envisioned a sawtooth pattern lower in the belief that a major market top is […]
The Participant 7/29/15: China
THE PARTICIPANT by Jason Kelly Wednesday, July 29, 2015 ___________________________________ CHINESE STOCKS STILL CRASHING The Shanghai Composite recorded its largest single-session crash since June 2007 on Monday, dropping 8.5% to 3726. A soft manufacturing report confirmed suspicions that the government’s recent attempts to reignite share prices were doomed to fail. Former US Treasury Secretary and […]
DeMark: Chinese Stocks to Fall 14% More
Chinese stocks will decline by an additional 14% over the next three weeks as the market demonstrates a trading pattern that mimics that of the US crash in 1929, according to Tom DeMark, who predicted the bottom of the Shanghai Composite Index in 2013. The benchmark for mainland stocks will sink to 3,200 after plunging […]
