Growling Since 1996

Current Date and Time: ; 

Daily Market Report Page (02/27)

Weekly Market Summary Page (02/23)

Year End 2010 Summary Page (12/31/10)
Year End 2009 Summary Page (12/31/09)
Year End 2008 Summary Page (12/31/08)
Crash of 2008 Weekly Summary Page (10/13/08)

Click here for latest quotes for the week

Previous Week's Commentaries: Monday; Tuesday; Wednesday; Thursday; Friday

Current Links of Interest   

John Crudele: Here’s What Janet Yellen Should Have Told Congress (02/26)
EconMatters: Janet Yellen Encourages More Levered Risk Taking in Markets (02/25)
Curmudgeon/Victor Sperandeo: Ukraine/Greece Follow-up and Audit the Fed (02/23)
Bryan Post: HUI Index: Bull Pullback or Bear Rally (Part 1) (02/17)
Curmudgeon/Victor Sperandeo: Eurozone Growth, Greece and Ukraine Hopes Send Stock Markets to New Multi-Year Highs (02/16)
John Riley: Going to Extremes – Cycle Tops and Bottoms (02/11)
Victor Sperandeo/Curmudgeon: Global Debt: Growing, Growing, Gone? (02/09)
Dian Chu: The Bond Market Has Reached Tulip Bubble Proportions (02/03)
Victor Sperandeo/Curmudgeon: Hyperinflation Versus Deflation; Explanation For Low Interest Rates (02/02)
Victor Sperandeo/Curmudgeon: Europe and the New World Order; Gold Has Bottomed! (01/26)
David Theroux: C.S Lewis on Mere Liberty and the Evils of Statism [Video] (01/21)
Victor Sperandeo/Curmudgeon: Financial Markets Roiled as SNB Ends Three-Year-Old Cap Against Euro (01/20)
John Hussman: The Line Between Rational Speculation and Market Collapse (01/16)
Curmudgeon/Victor Sperandeo: High Valuations for IPOs and Private Tech Firms Imply This Time is Different (01/10)
Victor Sperandeo/Curmudgeon: 2014 Recap and a Look Ahead to 2015 (01/06)
Adam Hamilton: Has the Fed Abandoned the Stock Market? (01/05)
Comstock Partners: This is Why the Fed Is Between a Rock and a Hard Place (01/02)
Curmudgeon/Victor Sperandeo: Cyber-attacks and Data Breaches Pose Huge Threat to U.S. Economy (12/29)
Stephen Roach: The Fed Sets Another Trap (12/24)
Bill Bonner: How the US Federal Reserve Makes Counterfeit Money (12/23)
Curmudgeon/Victor Sperandeo: Analysis and Economic Impact of U.S. and Cuba Rapproachement (12/22)
Berikan Komentar: Fed Caused Oil Crash, Stocks Next – Top Analyst (12/18)
Michael Snyder: Is This the Start of the Next Major Financial Crisis? (12/16)
Victor Sperandeo/Curmudgeon: How Long Can Global Equities Continue to Ignore Deteriorating Economic Fundamentals? (12/15)
Bill Holter: Loss of Control: The Current Financial Bubble is Busting? (12/11)
Curmudgeon/Victor Sperandeo: Strong U.S. Jobs Report Masks Deeper Economic Problems (12/09)
Michael Pollaro: Does the Oil Price Collapse Put the High Yield Market at Risk? (12/02)
Curmudgeon/Victor Sperandeo: Oil Price Crash is a Double-Edged Sword (12/01)
Thomas Meyer: The Last Days of Pompeii (12/01)
Tyler Durden: Veteran S&P Futures Trader: I am 100% Confident That Central Banks Are Buying S&P Futures (11/25)
Curmudgeon/Victor Sperandeo: Disappointing Global Growth and Illusion of an Infinite Economy (11/24)
Charles Hugh Smith: The Astonishing Rise of Central Bank Fear (11/24)
Greg Hunter: Peter Schiff: Confusing a Bubble For a Genuine Recovery (11/18)
Curmudgeon/Victor Sperandeo: The Silence is Deafening: U.S. Stock Market Doesn’t Have a Care in the World? (11/17)
Michael Pollaro: The U.S. Money Supply Decelerates in October, the Risk of an Economic Bust Just Went Up (11/17)
Alan Newman: A Recipe For Disaster (11/13)
Michael Snyder: If Everything Is Just Fine, Why Are So Many Smart People Forecasting Economic Disaster? (11/12)
Victor Sperandeo/Curmudgeon: The Politics of the Economy – After the Election (11/10)
Curmudgeon/Victor Sperandeo: Revisiting Dow Theory and Bank of Japan’s Shock and Awe (11/03)

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Past Links of Interest

    Current Market Data

Charts provided by Yahoo.com

Current Market Data: Dow averages, S&P 500, Nasdaq, and bonds
Current Market Data: Gold, Oil, CRB, sector indices, NYSE adv/dec, and dollar index
Current Market Data: Adv/dec, 52 week highs/lows, volume data
 Overnight Quotes: S&P 500 (premium and settlement), gold, and currencies
 CME GLOBEX Flash Quotes (S&P 500, Nasdaq 100, Euros, currencies)

Inflation Calculator From DollarTimes$

Favorite Web Sites

 

 

   Weekly Charts

Dow Jones Industrials (02/20)

red line - 50 DMA; green line - 200 DMA; pink line - NYSE adv/dec

green line - Dow 21 DMA; red line - 50 DMA
 

NASDAQ Composite (02/20)

red line - 50 DMA; green line - 200 DMA

green line - 21 DMA; red line - 50 DMA

       S&P 500 (02/20)

red line - 50 DMA; green line - 200 DMA; pink line - NYSE VIX

Notable Quote(s):
 

The Fed with its Keynesian vision believes it can hold off a correction forever. In the history of the stock market, that’s never been done.

Confidence and complacency are more acute now than any time I’ve seen before. All expressions of overvaluation are at historical extremes. Despite this, most money managers remain in the market. The thesis is “if it’s going up, regardless of anything else, I want to be in it.” Perhaps the best indicator of complacency is the VIX which at its current level of 13 tells us that investors see no reason to protect their positions. Every minor decline is seen as a buying opportunity. The rationale is that the Fed would not allow anything worse than a 10% decline. If the stock market starts sinking between now and October 1st, I will be most interested to see if the Fed eliminates QE.

Richard Russell, 90 year-old publisher of the Dow Theory since 1958.

Archives

The Magic Wand of Liquidity Page (02/23/15)
Fiend's Bear Encounters (1939-42, 1973-74, 1981-82) Page
DJIA, adv/dec, and momentum data from 1990 to 02/17/15
Market Top of 1968 Revisited
Business Week's The Death of Equities Revisited
Tj's Financial Cartoon Gallery
Miki's Portraits of Some Bulls of the Millennium

This page was last updated on February 27, 2015.

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The Fiend's Summer1998 Vacation Page
The Fiend's Spring 1999 Vacation Page
The Fiend's Summer 2000 Vacation Page
Finally -- Some dive photos

Since May 7th, 1997, this page has been accessedtimes.
 

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