The following chart shows a disturbing weakness in the 2 sectors which are supposed to be leading the stock market higher: Financials (blue line) and Semi-conductors (green) as compared with the S&P 500 (black). Weakness in these two sectors was a leading indicator of broader market losses when the last bear market began in October 2007 and other major downturns before that.
John Taylor, chairman and founder of FX Concepts LLC, discusses the outlook for the euro, gold and the prospects for a recession in the U.S. next year. Watch the Bloomberg clip here.
I have not cussed so much in quite some time…but here it is at long last.
Thanks greatly to Wendy, Cory, Dan, Mike, Stanley and all the many others who helped us turn geek speak codes into something appealing and comprehensible to us humans. Thanks also to the readers who offered their suggestions as to format and features. I think we have incorporated all your good ideas.
We were able to move over the archive of articles since inception in April 2007, except for the articles year to date in 2011. God knows why. For some unfathomable reason incomprehensible to us mere mortals, we have (so far at least) not been able to automatically import the 2011 articles and reader comments from the old blog platform. For this I am sorry. We have manually moved over the articles for the month of July. And may well do more of this to complete the archive in the next little while.
Blessings to all concerned. I need a drink.
