The European Central Bank agreed on Thursday to embark on a quantitative easing (QE) programme that will see it print money to buy up 60 billion euros worth of sovereign bonds from March until the end of September next year. The money will include some from existing programmes. Countries under a bailout programme, such as Greece, […]

The underlying support for the US share market is starting to unfold for the long-term (not short-Term trading). The yield on the S&P 500 has exceeded the 10-year Treasury warning that we are indeed entering the Bond Bubble. The peak in this relationship was 1931 when dividend yield reached about 9.5% after bottoming in 1929 […]

The hedge fund CANARSIE CAPITAL, LLC of New York City lost more than 98% in a single year. Owen Li, former Raj Rajaratnam’s Galleon Group trader, lost just about everything out of $100 million leaving just $200,000 behind. In a letter to investors he apologized stating he was “acting overzealously”.  Even a simple oscillator would have warned […]

QUESTION:  Dear Martin, As a person of average means, I am wondering if you would consider offering a basic affordable service to guide those of us who are just trying to have something to retire on. Something like, “Hold onto your blue chip stocks for now.” Or, “It’s time to sell your municipal bonds and buy […]

I greatly appreciate the confidence saying I am newer wrong. But on an individual level, NOBODY can possibly be right all the time. This is why I try to emphasize that the numbers are the numbers and that all we can do is watch how everything unfolds. I have no personal vision of the future […]

QUESTION: Hi Martin How can the average American prepare for 2015.75 and the coming bond market collapse? What steps can we take? Is now a good time to sell any real estate we might own in the states? The property taxes in NJ are out of control and I am looking to sell my home. Is […]

On September 6th, 2011 the Swiss National Bank (SNB) was aiming for a substantial and sustained weakening of the Swiss franc after Swiss companies threatened to leave because the rising franc reduced their exports. The SNB would no longer tolerate a EUR/CHF  exchange rate below the minimum rate of CHF 1.20. The SNB set out to […]

Over the past three years, I have received countless emails about how I am wrong and if it were not for me commodities would rise. These nasty comments are typical from someone who wishes to live in denial and pretend that their OPINION is correct and that the world is wrong – never them. My […]

We see the potential here for a 5 months CONSOLIDATION (treading water) – not a 5 months collapse. That means no sustainable breakout just yet – just base building. The key support begins at the 16300 on the Dow. We need to see the capital concentrate in bonds to create a major bond bubble like […]

  A number of questions have come in since year-end asking what would happen since the Dow did not reach the 18500 level. We also warned that the support was really down at the 16978 level and we need a daily closing beneath this level to signal a sustainable decline for now. The main bank […]