The US stock market could “easily” drop 20-40%, said Marc Faber. Recently, there were “more declining than advancing stocks, and the list of 12-month new lows was very high on Friday. It shows you a lot of stocks are already declining.” He thinks US stocks are on the “high side,” sees “no growth” from Asian […]
Author Archives: Jason Kelly
The Participant 7/22/15: Commodities
THE PARTICIPANT by Jason Kelly Wednesday, July 22, 2015 Good morning, ___________________________________ COMMODITIES STILL CHEAPENING The commodity rout remains top financial news this week, for good reason. Look at this year-to-date performance summary of 18 commodity ETFs and ETNs as of yesterday’s close: -11.8% Aluminum (FOIL $24.17) -5.3% Coal (TONS $38.32) [since 2/20/15 inception] +16.1% […]
Posted in Commodities, The Participant
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Paulsen: Fed May Spark ‘Full Blown Correction’
Paulsen got cautious on US stocks at the end of last year and predicted a sideways 2015, which has come to pass so far, with the Dow Jones Industrial Average up about 1.5% this year based on Friday’s close. … Acknowledging the upswing in stocks, Paulsen said the market could go higher in the short […]
Follow-Up With RPI
Following publication of my April 24, 2015 Open Letter to RPI regarding the mistreatment of Socks for Japan by Professor Jose Holguin-Veras, I sent the following letter to Chris Letchford, professor and head of the Department of Civil & Environmental Engineering at Rensselaer Polytechnic Institute, in which Prof. Holguin-Veras works: Dear Prof. Letchford, It came […]
Posted in Socks for Japan
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Kass: Lower Stock Prices Ahead
“…Greece is a dangerous precedent. … it remains my view that over the last few months markets have been in the process of making a broadening and important top. Markets are, by most measures, in fact teetering. … “Technically, leadership is narrowing — a likely prelude to second-half downside volatility. … ‘The Smart People are […]
