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Friday, 25 March 2016

Funeral for Bears & Bulls - Enter the Bunny!

 “The stock market is about fair value now. In reality we’re not very overvalued because rates and inflation are so low. What we could talk about is a bear in hibernation. We would keep valuations high, but in a decade from now we are about where we are now and our returns have been a lot below average.”


Financial TImes



Market swings: not a bear or a bull, but a bunny


Some believe US share prices have still not emerged from the dotcom crash 




Have equity markets escaped the bears yet again? Global stocks started 2016 with a swift fall of more than 10 per cent — the worst start to a calendar year in history — but have regained all of it. This also happened last summer, with markets performing a similar swan dive followed by a brisk recovery.

The dramatic swings have prompted questions of whether the bull market that started in March 2009 is on its last legs. Both US and world stocks remain below their record set 10 months ago, and the anxiety that drove two sell-offs remains palpable.

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According to Bloomberg, Kinder Morgan shareholders have lost $3.44 billion in dividends, followed by the second biggest losses among ConocoPhillips shareholders, at $2.42 billion. Anadarko Petroleum Corp. shareholders have lost $447 million, while Crescent Point shareholders have lost $318 million and Devon Energy shareholders have lost $276 million.

Which is bad news not so much for the Canadian Dollar, which will certainly devalue in the coming months as the market prices in what a massive surge in deficit spending means although so will all other currencies as the global debasement race accelerates once more in a few short months, but for bank depositors, because deep inside the budget announcement, in the section discussing "tax fairness and a strong financial sector", we have official confirmation that Canada has just become the latest country to treat depositors as the bank creditors they are, and as such, they too will be impaired, or "bailed-in" the next time a Canadian bank needs to be rescued.

Currency and debt swaps, market interventions, global currency devaluation, and are windfall taxes coming on gold and silver? The rules are going to be changing! Burack lays out how you can educate yourself to rise above the herd and see the signs ahead of the coming critical events that you need to prepare for now. Get ready for an eye-opening and information-packed deposit of unconventional wisdom - don't miss it!




Oil’s Decline Takes Toll on Saudi  

Conglomerate


A construction conglomerate at the center of Saudi Arabia’s petrodollar-fueled economic boom is teetering under billions of dollars of debt, bankers and financial advisers familiar with the matter said, showing the strain of cheap oil on the kingdom and its companies. The Saudi Binladin Group was once among the biggest beneficiaries of Saudi Arabia’s massive spending at home, paid for by the kingdom’s growing oil wealth. But in the…

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