List of 24 Points Pressing Hard Toward Recession

List of 24 Points Pressing Hard Toward Recession By David Haggith 1 – The US stock market is slightly overbought (which is not a positive in terms of head room for more of a rally). 2 – It’s massively built up on debt that is now more expensive to maintain and/or obtain. 3 – The Fed is still rapidly tightening money supply and says it will continue to do so for several more months. 4 – Interest rate increases and money tightening that already happened through this past December will…

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Housing Market Crash 2.0: The Jury is in for 2018-2019

Housing Market Crash 2.0: The Jury is in for 2018-2019 By David Haggith As happened with the first housing market crash that began in 2007 but didn’t become widely recognized until mid-2008, the present housing crisis began exploding one story at a time last summer, and this blog was perhaps the first to state that summer’s change was the turning point from decades of ascent into a collapse in housing sales and prices. I said the same thing back in 2007, and people didn’t believe me then either. The present…

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It’s Up, It’s Down, It’s Done — a Day in a Year of the Dow.

It’s Up, It’s Down, It’s Done — a Day in a Year of the Dow. By David Haggith The market’s last chaotic day closed in a way that befit the entire year. Up, down, up harder, down harder, and done! It looked like the violence of the day may have come from the Plunge Protection Team attempting to push the market up in the middle of the afternoon, except that the middle of the afternoon doesn’t fit the PPT’s MO because the birthing-sized push didn’t come in the PPT’s usual…

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This Bear Ain’t Playin’ Games with the Bulls

This Bear Ain’t Playin’ Games with the Bulls By David Haggith This ain’t no ballgame. This bear has shown up for blood, not sport. The NASDAQ intraday hit the 20% down mark that is widely regarded as qualifying for a change from a bull market to a bear market. A close at that level would have made it as official as a declaration of a bear market gets. As can be expected, the major index whose stocks played the largest role in forming the bull market of the last decade…

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