The news from Walmart is helping drive today’s market moves
Chis Temple takes the lead on this editorial with the help of Rick Ackerman to dive further into what is causing the moves in the markets today. Walmart is front and center on Chris’s mind as the company released news of lower expected earnings and a share buy back.
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http://www.cnbc.com/2015/10/14/surprising-fed-paper-drops-a-dovish-bombshell.html
Maybe, Gabriel – check this out. ZIRP is now going to be characterized as TOO TIGHT. The economy needs more QE and / or NIRP (Negative interest rates). With prices falling, etc., REAL interest rates are actually rising. This will be a theme some at the Fed will start pushing harder now.
Very instructive discussion guys – thanks. China outsourcing labour costs is truly amazing.
From the UK:
I couldn’t believe it when there was debate in the UK and a parliamentart bill to lock in the need for the government to run a budget surplus every year.
That entire idea in our more or less permanent deficit nation is a complete joke. I bet is is all predicated upon very rosy forecasts of economic growth that are delusional.
I think the reality is that the possiblity of the UK’s running a budget surplus every year is about equal to my chances of winning the lottery when I never buy a ticket.
Of coruse, read the small print and it says “when the economy is growing.” There lies the sticking point.
Osborne confirms Budget surplus law
http://www.bbc.co.uk/news/business-33074500
The UK Labour party recently decided to stop supporting this idea. They are looking fools right now but the whole policy idea will likely be seen to be delusional in the first place I think:
Labour fiscal charter U-turn sparks backlash
http://www.bbc.co.uk/news/uk-politics-34508959
WALNUT EMPLOYEES………can not afford the merchandise………
Most are lucky to afford the healthcare increase cost…………big change in cost of survival.
WALNUT needs to go Bankrupt and the little merchants need to come back to mainstreet.
Sears is history , and Walnut is on the way………….
And us 10%ers don’t shop there.
ditto
Oil stocks are turning up significantly despite the weakness in oil. Their 3 day correction might just be done but Walmart could cause a problem.
Walmart + stocks = Everyday Low stock Prices 🙂
YOU can shelve that one…………….. 🙂
NUGT up 100% post split!
The majors are killing it for now. At some point, the juniors will resume the lead, but best to have a balance of large and small miners and silver and gold.
We hit Ricks 1186 target on gold he gave a week or so back and then exceeded it just a little. Looks toppy to me now though. I know everyone wants to get bullish and some here are already saying they are back to heavily invested but I don’t buy it. Not yet anyway. We will get a correction in gold as soon as tonight and down she goes tomorrow boys.
If anyone doubts me then I suggest you go and pull up a one year chart of DUST. We are sitting right on support now and it is ready to bounce.
Very tempted to buy some DUST for a quick flip.
Isn’t this rise in gold, silver and other commodity miners driven by the falling USD?
I would agree with that. To some extent anyway. But the dollar looks like it will bounce off a good support line tomorrow. I actually watch the Canadian dollar more closely lately since the move up in gold was coincident with CAD taking off. If you compare the charts you will see that CAD started to move up off very firm support that was encountered at the end of September and gold (predictably I thought) responded within days by rising in tandem. Since then both have been on the move higher. But CAD looks like it has hit a short term peak meaning I think it will do a retrace of much of those October gains. Gold should follow if I am correct.
This is a day for Michael Belkin’s 2015 calls to come in, in spades. His KWN intereview last weekend was a really good one as was Rick Rule’s.
I am beginning to get a little jittery that maybe gold will disappoint and top soon but something smells a little different this time from the previous fool’s errand rallies.
ditto on Michael Belkin’s call………..
Mr. T, Keys to the game: Arrieta keeps his ERA near zero! Fed can take a hike. 🙂
NIRP or QR4 coming ?
There is two legends in Chicago. One is Ernie Banks who played for the Cubs
and the other one is …
http://video.cnbc.com/gallery/?video=3000432037