By Mark Hulbert, MarketWatch Over the past 45 years, the stock market has lost more than 20% each time three warning signs flashed simultaneously. After a selloff this past week dragged the Dow Jones Industrial Average into negative territory for the year, it’s worth noting that all three are flashing today. The signals are excessive levels of bullish enthusiasm; significant overvaluation,[...]
Month: August 2014
Elliott’s Paul Singer On Gold, Inflation, And The Global Monetary Delusion
"Although the levitation of financial assets has yet to levitate gold, we will grit our collective teeth on that score and await either 'asset price justice' or the 'end times,' whichever comes first." Authored by Paul Singer, excerpted from Elliott Management's latest letter to investors, GLOBAL MONETARY DELUSION – MORE COWBELL Central bankers think they are the masters of the universe[...]