It is the 21st of November 2019

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JPMorgan's Outlook For 2018: "Eat, Drink And Be Merry, For In 2019..."

While the prevailing outlook by the big banks for 2018 and onward has been predominantly optimsitic and in a few euphoric cases, "rationally exuberant", with most banks forecasting year-end S&P price targets around 2800 or higher, and a P/E of roughly 20x as follows...

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JPMorgan: "Large Parts Of Society Are Not Seeing Any Growth In Income And Job Opportunities At All"

Last week, BofA's HY credit strategist Michael Contopoulos, laid out a list of the four things that keep him up at night, which included:

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Greece Is In Trouble Again: Bonds, Stocks Plunge As Bailout Talks Collapse; IMF Sees "Explosive" Debt

It may - or may not - shock readers to learn that Greece is once again on the verge of collapse.

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"The Potential Problems Are As Follows" - How The Bull Market Could End According To Credit Suisse

With Trump now officially US president amid concerns that a "sell the inauguration" sentiment may emerge at any moment, it was an appropriate moment for Credit Suisse analyst Andrew Garthwaite to release his report listing the 10 possible ways in which the bank's central views (and often the consensus) could be surprised. Below the bank highlights the factors its thinks could surprise adversely in 2017, together with its core views.

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Do State Revenue Trends Indicate That A Recession Is Imminent?

A decline in state tax revenue has historically been a reliable leading indicator of impending recessions.  As such, investors/gamblers in the current equity market bubble should probably take note of the new report just published by the National Association of State Budget Officers indicating that state revenues are just starting to decline as funding needs related to massively underfunded pensions, rising education costs, etc. continue to skyrocket.

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