An Inflection Point In The Markets?

By Mark J Lundeen – Re-Blogged From Gold Eagle

The Dow Jones closed the week down 3.20% from its last all-time high.  On a week where the FOMC cut its Fed Funds Rate by twenty-five basis points (0.25%), the Dow Jones deflated 2.59% BEV points from last week’s close, or down 707.44 dollars.

Back in the late 1990s, even a rumor that Alan Greenspan was even thinking he may cut the Fed Funds Rate by twenty-five basis points caused the bulls on the floor of the NYSE to begin dancing, beating their copper kettles with wooded spoons for joy.  Twenty years later we live in a different world.

Certainly in the past eighteen months things have changed.  Look at all those BEV Zeros (new all-time highs) in the Dow’s BEV chart below from 2013 to the end of 2017.  But since the beginning in January 2018 the Dow Jones has seen only four BEV Zeros last autumn, another four this summer, and sandwiched in between these paucities of new all-time highs is the deepest post March 2009 market correction; an 18% decline late last December.

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The Punch Bowl Stays

By Peter Schiff – Re-Blogged From http://www.Gold-Eagle.com

It is well known that I don’t think much of the ability of government officials to correctly forecast much of anything. Alan Greenspan and Ben Bernanke have made famously clueless predictions with respect to stock and housing bubbles, and rank and file Fed economists have consistently overestimated the strength of the economy ever since their forecasts became public in 2008 (see my previous article on the subject). But there is one former Fed and White House economist who has a slightly better track record…which is really not saying much. Over his public and private career, former Fed Governor and Bush-era White House Chief Economist Larry Lindsey actually got a few things right.

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Warren Buffett Predicting Upcoming Stock Market Crash

When it comes to investing in the stock market, we’re told to follow the smart money. Who might that be? The most influential investors/businessmen in America today are Warren Buffett, John Paulson, and George Soros. Their investing acumen has helped them amass billions of dollars and millions of followers.

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