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$72 Million High School Student — Fake

Written by Gary North on December 16, 2014


The story was everywhere this week. A high school student made $72 million in stock market trading. The minute I read it, I knew it was impossible. Without leverage in the futures market, it’s impossible. There is not enough time if you’re a teenager to pull off a Buffett, even if you were Buffett. A […]

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Dumb Money: “Buy an S&P 500 Index Fund and Hold”

Written by Gary North on November 21, 2014


The S&P 500 closed at 1527 on March 24, 2000. (Intraday high: 1553) Go to the Bureau of Labor Statistics’ inflation calculator. It is here.  Type in 1527 into the box. Select 2000.  Click “Calculate.”  This number appears: 2105.  That is where the S&P 500 should be to compensate for price inflation. This is break-even, […]

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Stock Markets Need to Check into the Betty Ford Center

Posted on October 18, 2014


From The Financial Times: The interventions of the central bankers “smells of a co-ordinated attack to help boost declining sentiment”, said Adrian Miller, director of fixed-income strategy at GMP Securities. “Markets need to check into the Betty Ford Center and go into rehab, to wean themselves off this addiction to central bank support. If that […]

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No More Traders on the NYSE’s Floor

Written by Gary North on October 2, 2014


MarketWatch ran an article promising never to have another photo of traders on the New York Stock Exchange. There is a reason for this: there aren’t any. Well, there are a few. But most of them are gone. They have been replaced by algorithms. What has happened to the commodity trading pits has happened to […]

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Who Watches CNBC? Just About Nobody.

Written by Gary North on September 8, 2014


In the key demographic group that ad agencies want to target, 25-54, CNBC’s Nielsen ratings have fallen to the lowest point since 1992. CNBC’s senior management has a solution. CNBC will no longer release the data to Nielsen for daytime TV — which is when people watch financial news. That will fool the ad agencies! […]

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Individual Investors Are Steadily Abandoning Stocks — Wisely

Posted on August 6, 2014

From Zero Hedge: Of particular note to me is how investment professionals are experiencing markets. What does it mean to be a professional investor or investment advisor in the Golden Age of the Central Banker? Two observations surprised me, and I believe they’re connected. First, when I had these conversations six months ago I would […]

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The Stock Market Is a Titanic in Search of an Iceberg

Posted on August 4, 2014


by Bill Bonner What was that sound? Did you feel a little bump? Nah… don’t worry about it. Go back to your cabin and have a good sleep. Just when things were going so well! With all that GDP growth! All those new jobs! We were all set to believe that the US economy really […]

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New FED Chair => Recession

Written by Robert Murphy on July 18, 2014


As I make clear in my recent interview with Tom Woods, I think that Bernanke painted himself (and the US economy) into a corner, then handed the paintbrush over to Janet Yellen. In case I sound “paranoid,” let’s review our history: ==> Paul Volcker took over as Chair of the Fed in August 1979. A […]

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