Last month’s carnage was a wake up call that a global slowdown is coming, 63% of ALL #SP500 $SPX companies which reported earnings have provided negative guidance

last month's carnage was a wake up call that a global slowdown is coming pic.twitter.com/85OvSOC8TO — Alastair (@StockBoardAsset) November 3, 2018 https://twitter.com/OccupyWisdom/status/1058494439616905217 https://twitter.com/epomboy/status/1058523113204396035 ChOTD-11/2/18 Dow: Large Monthly Drops From Highs – Last 100 Years $DJIA $DIA pic.twitter.com/EPafyLIjOF — Dana Lyons (@JLyonsFundMgmt) November 2, 2018 holy crap pic.twitter.com/V8j3TfTAD2 — Alastair (@StockBoardAsset) November 2, 2018 WTI versus … Read more

What is the next big event in relation to the 2008 sub-prime crisis that no one is looking at or even considering?

by saystruethings Student loans, China (in itself there’s probably another 1,000 problems), Social Security, or another major war. Student loans: The recession of 2008 was caused by the housing bubble. I know so many people that have confided to me, “yea in 06-08 I couldn’t afford my house so I declared bankruptcy/my lawyer told me to … Read more

3 warning signs U.S. economy could be close to recession

via axios: Cracks are beginning to show in a booming economy that’s on pace for a 10th year of continuous growth. Why it matters: There’s plenty of good news — today’s jobs report showed unemployment holding at a stunning 49-year low, for instance. But look closer, and visible threats suggest an all-out recession could come as soon as … Read more

First 100 of 7,000-14,000 troops have arrived to secure US-Mexico border

by Dr. Eowyn Yesterday evening, a Defense Department official told Fox News that: The first 100 active-duty troops of Operation Faithful Patriot had arrived at the U.S.-Mexican border at a port of entry in McAllen, Texas to provide support for Border Patrol agents. There are about 2,600 troops now at staging bases, largely in Texas. Several thousand more … Read more

Will Your Retirement Efforts Achieve Escape Velocity?

by Adam Taggart The concept of ‘retirement’, of enjoying decades of work-free leisure in your golden years, is a relatively new construct. It’s only been around for a few generations. In fact, the current version of the relaxed, golfing/RV-touring/country club retirement lifestyle only came into being in the post-WW2 boom era — as Social Security, corporate & … Read more

Stocks Aren’t Out Of The Woods Despite This Week’s Bounce

by Jesse Colombo After last week’s sharp decline, stocks bounced a bit this week, and the talking heads on TV could hardly contain themselves. Unfortunately, this week’s bounce does absolutely nothing to negate the major technical breakdown that occurred last week.  According to the chart below, the S&P 500 is still below its uptrend line, which … Read more

Fund Manager: The Homebuilder Stock Train Wreck

by Dave Kranzler of Investment Research Dynamics One of the proprietors of StockBoardAsset.com tweeted about two weeks ago wondering when the stock market was going to start pricing in a slow-down in the economy. To that I responded by pointing out that the DJ Home Construction index is starting to price in a housing market crash. Residential construction … Read more

“Good News Is Not Necessarily Good News” – Eric Sprott On Current Sentiment

Eric Sprott interviewed by Craig Hemke on The Weekly Wrap-Up Nov 2, 2018 In five days, the Indian festival of lights known as Diwali will kick off the Hindu New Year. And during this celebration, guess which investment is considered lucky? That’s right: gold. And on this edition of the Wrap-Up, Eric Sprott breaks down the latest in precious … Read more

If you’re expecting buybacks to rescue the stock market, think again, says strategist

via Chris Mathhrews  After a tumultuous October, investors are regaining their footing and counting on a safety net for stock values that may prove treacherous. One reason for renewed confidence has been that leading up to earnings releases, public companies face greater restrictions to buying back their own shares, a phenomenon known as a “buyback … Read more

10 reasons NOT to vote next Tuesday

by Dr. Eowyn From John Philip Sousa IV’s essay on Stars & Stripes Forever: Given that just a 2 or 3 percentage point drop in turnout among Republicans mean Democrats take control of Congress next year, I thought I’d list a few reasons why Republicans might want to consider skipping this election. Here goes … 1. … Read more

California Hit By 39 Earthquakes Within 24 Hours As Scientists Warn Of “Movement Along The San Andreas Fault”

by Michael Snyder  A series of large earthquakes has rattled California over the last 24 hours, and scientists are telling us that the shaking was the result of “movement along the San Andreas Fault system”.  In recent months there has been an alarming amount of seismic activity all along “the Ring of Fire”, and there have been … Read more

Bill Bonner: A memento mori for the bull market

From Bill Bonner, Editor, Bill Bonner’s Diary: POITOU, FRANCE – We came back to France to celebrate the Toussaint with friends and family. All Saints’ Day is still an important holiday in France. People go to church in the morning, clean the graves of their relatives in the afternoon, and put pots of chrysanthemums on the sepulchers. We … Read more

What’s Behind the Erosion of Civil Society?

by Charles Hugh-Smith Rebuilding social capital and social connectedness is not something that can be done by governments or corporations. As the mid-term elections are widely viewed as a referendum of sorts, let’s set aside politics and ask, what’s behind the erosion of our civil society? That civil society in the U.S. and elsewhere is fraying … Read more