$DXY hitting new 52 week high…can you hear it 👂…liquidity is leaving the system…😳 pic.twitter.com/cyRCLmWTEC
— Ed ☯️ Humilitatem (@DowdEdward) November 12, 2018
Chart: The fed funds rate is nearing the interest rate on excess reserves (IOER) – pic.twitter.com/UU7A1ooTCu
— (((The Daily Shot))) (@SoberLook) November 9, 2018
S&P 500 earnings and the dollar: t.co/Ab1LBDXBhY via @SoberLook pic.twitter.com/PZGSX71fe5
— Jesse Felder (@jessefelder) November 9, 2018
Regional Fed Surveys – capex in 6mo pic.twitter.com/pp73Dcg5vc
— Teddy Vallee (@TeddyVallee) November 12, 2018
Foreign Capital Has Propped Up China’s Currency. What If It Leaves? (CFR)
What Plunging Oil Prices Tell Us About The Stock Market And Global Economy (MW)
A Worldwide Debt Default Is A Real Possibility (Mauldin)
Chinese leaders struggle to dispel stock market gloom
‘Trap door under the market’ could slash S&P 500 by two-thirds, warns fund manager
John Hussman is at it again.
Of course, the fund manager’s detractors would be quick to tell you, he’s been at it again, wrongly, since the Dutch East India Company went public.
OK, in his defense, it hasn’t been that long. And Hussman has earned some street cred along the way with some strong calls, including nailing the market collapses in 2000 and 2008. In fact, his fund surged to $6.7 billion in assets under management in 2010, before the weight of his misfires brought that figure down to $360.5 million over the ensuing seven years, according to the Wall Street Journal.
So, why do we care about his latest end-of-times outlook?
Maybe we don’t. But after an ugly month like October, doomsayers like Hussman just might resonate a bit more with skittish investors looking for their fears to be validated.
Monday’s early action is only raising more questions.
In our call of the day, the president of Hussman Investment Trust reiterated his longtime stance that there is a menacing “trap door under the market,” which could lead to the S&P 500 SPX, -0.92% losing two-thirds of its value.
“I have little question that Federal Reserve policy has again produced a bubble that will have extraordinarily disruptive consequences,” he wrote. “The advance of recent years has produced a toxic combination of extreme valuations in every conventional asset class, coupled with a breathtaking mountain of low-grade debt issued by Wall Street to satisfy the yield-seeking speculative demand of investors.”
Hussman, a former professor at the University of Michigan with a Ph.D. in economics from Stanford University, says there could still be some wild moves to the upside before the crash he’s been predicting finally comes through.
Where we start the new week….
H/T @kerberos007 chart pic.twitter.com/JIUC4Lg2jp
— M/I_Investments (@MI_Investments) November 11, 2018
PERSONAL SAVING AS A % OF DISPOSABLE INCOME VERSUS HOUSEHOLD NET WORTH AS A % OF DISPOSABLE INCOME pic.twitter.com/8WNA1JUTcg
— OW (@OccupyWisdom) November 11, 2018
In the first half of 2018 companies spent more money on share buybacks than capital expenditures and improvements.
The last (2) consecutive quarters like this, was just prior to 2008.
— OW (@OccupyWisdom) November 11, 2018
“Only a 0.25% hike in December”
— OW (@OccupyWisdom) November 11, 2018
do not look at this chart if you own a home pic.twitter.com/1FBq9hQyxc
— Alastair Williamson (@StockBoardAsset) November 10, 2018