Ruthless Bear Market Continues
New Bear Market Low Friday felt like an awful day for stocks because we hit a new bear market low. It looked possible that we could have the first back to back gains since early February, but that didn’t work out. It has been 26 days since we’ve had back to back gains which is…
Depression Predictions Get Worse (Yes That’s Possible)
S&P & IHS Markit Are Very Bearish The stock market is beginning to price in a depression. It’s unfortunate for investors that this bear market is not complete. But we need to see at least a 40% decline in the S&P 500 before we say a depression is mostly priced in. If the economy only…
Is This The Beginning or The End?
Stocks continue to selloff as news of big trading firm being liquidated reverberated throughout the markets. There are lots of stocks that have still not been hit hard enough compared to the rest of the market. And there are stocks that have been hit harder than the overall market. Both present an enormous opportunity for…
Potential Depression On Its Way (Stocks Rally For Now)
Rallying In Face Of Disaster U.S. economy is possibly on the brink of complete disaster. There is a legitimate shot of the first depression since the Great Depression in the 1930s. This is a lot like the 2008 financial crisis in that sense. Historically speaking, the 2008 recession wasn’t that bad. It was only bad…
Spike In Jobless Claims & Decline In Manufacturing
Our First Official Recession Signal Everyone knows the economy is headed for a recession. Only questions are how long and deep it will be. This is the most unusual situation many have ever seen. Even in the terrible financial crisis, people didn’t know a recession has started as late as Q2 2008. We had a…
Is it Safe to Enter Downtrodden Stocks?
We saw many deeply downtrodden stocks bounce 10% and 20% today while Oil itself bounced 25%. While these are huge gains, it is now safe to nibble deeply oversold stocks? In tonight's video, Corey walks you through today's market action and highlights the distortions volatility will do to low priced stocks, even ones that were…
Wild Action In Markets Gets Wilder
Another Huge Decline Lately we have been seeing stocks do the opposite of what they did the previous day. Stocks fell Thursday, were up on Friday, fell on Monday, were up on Tuesday, and fell on Wednesday. Wednesday was another steep decline. But stocks managed to just barely avoid a new bear market low as…
Buy Stocks If You Don’t See A Depression Coming
JP Morgan Calls For A Depression If you think the U.S. economy is headed for a recession, you should buy stocks. That’s a sentence I never thought I would write. Turns out, stocks have already fallen about 30%. On average, stocks fall 37% in recessions. You don’t have much downside left if this is just…
Abject Carnage Hits Markets
Stocks continue to get slaughtered and almost nothing is safe. Hotels, airliners, Boeing (BA), and the oil and gas sector have taken the brunt of the hit. Should you be buying these stocks at multi year lows or are these companies going to be wiped out? Don't miss this video newsletter update...
Terrible Breadth Isn’t A Bad Sign
Stocks Rally Off Beaten Down Levels S&P 500 had its 7th straight day of a 4% or greater move which is the longest streak in history. Previous record was 6 days in 1929. The market hasn’t been up on back to back days for 23 sessions which is the longest streak since the fall of 2018…