Something’s Gotta Give

Something’s Gotta Give

The Dow Jones Industrials fell today for the sixth straight time.  The index has fallen just 0.9% during this streak.  That’s the smallest drop over a six day losing streak in history: We expect this dramatic contraction of volatility to give way to a big move. ...
Social Security Is Bankrupt

Social Security Is Bankrupt

The lede:  In 2010, Social Security (OASDI) unofficially went bankrupt.  For the first time since the enactment of the SS amendments of 1983, annual outlays for the program exceeded receipts (excluding interest credited to the trust funds).  The deficit has grown...
Just How Strong?

Just How Strong?

This strong:  The rally off the ‘Brexit’ panic low on June 27 has lifted all 9 sector ETF’s(Exchange Traded Funds) into positive territory for the year.  Very impressive: Hat tip Charlie Bilello...
Volatility Continues To Crumble

Volatility Continues To Crumble

The Volatility Index(VIX)has collapsed 54% over the last five weeks.  This post ‘Brexit’ decline is the largest five week drop in history: Something’s gotta give. Hat tip Charlie...
Silver Boom Ahead?

Silver Boom Ahead?

The lede from BI.com:   Silver prices are up over 40 percent so far this year. It has been one of the year’s best performing commodities – doing even better than gold, which is up “only” 24 percent year to date.  But as we’ve written before, there is good reason to...