Gary Savage – Mon 23 Nov, 2015

Monday Morning with Gary Savage

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Should the tragedy in Paris have affected the U.S. equity markets?

 


Featuring:
Gary SavageAl KorelinCory Fleck

Comments:
  1. On November 23, 2015 at 8:24 am,
    Ebolan says:

    Who needs casinos when you have the market?

    • On November 23, 2015 at 11:47 am,
      Big Al says:

      Casino are more fun because they give you free booze.

      • On November 23, 2015 at 1:41 pm,
        dw jones says:

        only free if you are in fact gambling. while you are waiting for the free booze you are losing 20 bucks before the drink arrives. so much for “FREE”!!

  2. On November 23, 2015 at 8:34 am,
    Frank from moscow CCF says:

    EU…plans on cracking down on BITCOIN………zerohedge Friday………should be interesting to see how Turk responds to this one.

    • On November 23, 2015 at 8:35 am,
      Ebolan says:

      How much bitcoin you got?

      • On November 23, 2015 at 8:36 am,
        Frank from moscow CCF says:

        zero……..no need………if, it is on the computer, it can get wiped out…….joke IMO.

    • On November 23, 2015 at 8:35 am,
      Frank from moscow CCF says:

      Makes phyz even better………no counter party risk………..hello…………….

      • On November 23, 2015 at 8:43 am,
        Frank from moscow CCF says:

        hello….was not directed to you Ebolan, I know you are awake……….

        • On November 23, 2015 at 8:55 am,
          Ebolan says:

          I dont know, Frank, I’m still kinda groggy….gotta get that first cup of coffee…

      • On November 23, 2015 at 10:58 am,
        Sd marc says:

        Jerry how r u happy thks giving peace!! Where’s Irish?? At the pub celebrating roses insanely low metal prices right on!!’

        • On November 23, 2015 at 12:22 pm,
          Frank from moscow CCF says:

          Hello Marc……..hoping you have a wonderful thanksgiving….

    • On November 23, 2015 at 11:48 am,
      Big Al says:

      I did not realize that. Am going to research that right now.

  3. On November 23, 2015 at 8:45 am,
    CFS says:
    • On November 23, 2015 at 11:51 am,
      Big Al says:

      Do you really take this seriously?

  4. On November 23, 2015 at 9:12 am,
    Chris in Thailand says:
  5. On November 23, 2015 at 9:19 am,
    FranSix says:

    What it all looks like is people hoping if they throw commodities under the bus, that this will indemnify against any risks going forward, such as a stock market collapse. But stocks actually have been selling off all the while, with only a few carrying the index along with it. The Dow has all the appearance of having the first reaction to a parabolic blow off, which is to immediately recover and reach for the highs. The Dow was not in a parabolic rise in any sense, though margin debt rose to new, historic highs along with the so-called top last spring.

    http://www.advisorperspectives.com/dshort/updates/NYSE-Margin-Debt-and-the-SPX.php

    • On November 23, 2015 at 9:57 am,
      gary says:

      Until I see one of the indexes trading 40-60% above the 200 day moving average then we don’t have a parabola yet.

      • On November 23, 2015 at 11:02 am,
        FranSix says:

        If margin debt had been at historic highs and not ventured to new highs, there’s no probability of a mania-like parabolic rise in stocks. In 2000, you had the NASDAQ, in 2008, you had the oil market, but the Dow didn’t see anything in a mania-like rise in these years.

        In 1929, the driver of the stock market to a parabolic rise were the ‘trusts.’

        Something similar is occurring in the background with derivatives contracts containing concatenations of trading schemes and mathematical formulae, and computers doing the trading, where you have futures options on derivatives trading which rely on trading futures in the markets. You could not carry out this kind of trading as had occurred in the roaring ’20’s, there’s no mania, it’s all very logical and appears under control. But the higher the market goes, the more irrational the extent of the rally. The very foundations of a stock market rise have rotted away, and still the market trades higher.

        Very unlike former times, where you could stand back and clearly make out the parabolic rise.

        • On November 23, 2015 at 11:43 am,
          FranSix says:

          Secondly, you have the discount rate, that despite best efforts over a protracted period hasn’t resulted in the required rate adjustment in the markets to call a rate hike. 3-mo bill rates have to be .25% or better. They’re at .09%.

          Rates haven’t gone anywhere and yet markets keep climbing. They had been negative until jawboning was elevated to a feverish pitch, and treasury bills were flooding into the secondary market, and still no rate rise.

          http://finance.yahoo.com/bonds

    • On November 23, 2015 at 11:14 am,
      Matthew says:

      I agree, FranSix.

      http://schrts.co/fzmPJn

      • On November 23, 2015 at 11:19 am,
        Matthew says:

        SPY:GLD

        http://schrts.co/0Y7BYs

        I’ll take gold here, hands down.

  6. On November 23, 2015 at 9:45 am,
    Marty says:

    Clive Maund on 321gold piece intimating a possible QE4 event by the FED, last similar meeting not called since 2002

    • On November 23, 2015 at 11:52 am,
      Big Al says:

      Anything is certainly possible, but our vote is for a bit higher interest rates.

      • On November 23, 2015 at 12:21 pm,
        Matthew says:

        Al, you should get FranSix on your show if he’ll do it.

        • On November 23, 2015 at 1:57 pm,
          Excelsior says:

          +1 for the FranSix suggestion as a guest.

    • On November 23, 2015 at 12:47 pm,
      Frank from moscow CCF says:

      Holter was mentioning the same thing…………….QE 4…..by the fed in the special meeting.

    • On November 23, 2015 at 4:47 pm,
      Bob UK says:

      Do you have a link to the Maund piece?