Economic Policy Uncertainty

2017 should be a year with many economic policy uncertainties. This is because major political elections were won by populists such as Brexit and Trump in 2016. The result of this political momentum is sentiment which tends to be against free trade and globalization. The movement is fueled by the opinion the respective countries are…

China Crashes Bitcoin

Today bitcoin crashed again. The lows of the day were $752.11 which represents a 16.9% decline from the open. That represents a 33% fall from the closing high about a week ago. Bitcoin has now recovered to the $780s after the sharp decline in the morning. It had stabilized for a few days at around…

Vine Shut Down/ Facebook Mid-Roll Video Ads

The article will be broken up between the two top news stories in social media. The first is the news Vine is becoming a camera app. The second is the news Facebook is adding ads within videos. Vine Will Be a Camera App Twitter is finally shutting Vine down on January 17th. Vine will transition…

Stocks Are In The 96th Percentile

One way to look at how expensive the market is, is the Shiller PE. Shiller PE is a cyclically adjusted price to earnings ratio. In other words, it is the average inflation adjusted earnings multiple from the past 10 years. I looked at the Shiller PE of the market on a monthly basis since 1881.…

Bitcoin Under Attack By Gold Bugs

As I predicted, there has been a new wave of bitcoin critics who are claiming bitcoin is like the tulip bubble in Holland in the 1600s. These critics who never liked or understood bitcoin have new ammo because the price fell quickly from about $1,100 to the mid-$800s in a couple days. Given that I…

Stocks Still A Bubble

The level of equity bullishness has been high since the election. From my perspective, it doesn’t matter how long it lasts; it’s still a bubble. Optimism is an emotion and tone of the market which can change. However, it doesn’t have to change after a specific length of time, so we could be waiting awhile.…

Bitcoin Falls Further

Friday was part two of the destruction in bitcoin prices as it fell nearly 11%. The price opened above $1,000 and fell to below $900. As I mentioned, before bitcoin started this volatile two-day period of trading, the price was overbought. It was common sense that the price couldn’t continue at that pace of increases.…

Dow Fails at 20,000 & Payrolls Data: More Of The Same

The Dow trying to hit 20,000 is like Shaquille O’Neal attempting free throws. Shaq was a great basketball player, but he wasn’t a great free throw shooter. The market is strong either way, but this milestone keeps failing to be reached. As you can see from the chart below, the Dow missed reaching 20,000 eight…

Fed Minutes & American Demographics

When the Fed raised rates in December, I explained it was because of the added inflation the Trump election brought and the anticipated stimulus package in 2017. The media and the Fed seemed to discount these factors to not appeal political. Those who disagreed with me said the Fed was going to raise rates after…

Bitcoin Falls Over 20%

In my article yesterday, I said bitcoin would hit an all-time high and then have a correction because it was overbought due to extreme speculation from China. It didn’t take long for that prognostication to come to fruition as bitcoin hit an all-time high on some exchanges before crashing 23%. The Coindesk website has an…

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