World stock markets have been melting up this year as Western (including Japan) Central Banks have flooded the system with monetary stimulus. The Nikkei stock index is still up a whopping 40% in 2013, a direct result of massive money printing by the Central Bank of Japan. U.S. stocks are up big as well, as The Federal Reserve has been printing at least $85,000 million a month ($85 billion for those who skipped math class). Well today the Japanese market started up 2% then reversed hard closing down 7.3%, a 9.3% reversal, big stuff. Bond yields in Japan have soared recently, a very bad sign and U.S. rates are starting to rise as well. U.S. stock futures are (at 7AM ET) pointing to about a 150 point loss on the Dow. We are at a very risky time for stocks and bonds. Investors will be quick to take profits that have built up this year. There is an old adage on Wall Street…”Sell in May and go away”. Sounds like good advice to me. Click on “Continue Reading” for article.-Lou
Louis Scatigna, Author of The Financial Physician
Author of The Financial Physician
Quote Of The Day
“We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.”-Ayn Rand
More Americans Committing Suicide than During the Great Depression
The poor economy has resulted in a disturbing increase in suicides. It must be horrible to be at the end of your rope and then take your own life, sad.-Lou
More Americans Committing Suicide than During the Great Depression
Higher Numbers of Americans Take Their Lives than During the Depths of the Great Depression
Suicide rates are tied to the economy.
The Boston Globe reported in 2011:
A new report issued today by the Centers for Disease Control and Prevention finds that the overall suicide rate rises and falls with the state of the economy — dating all the way back to the Great Depression.
No Bear Market In Gold — Paul Craig Roberts
It’s all about scaring you out of your gold so the elite can accumulate as much as possible.-Lou
No Bear Market In Gold — Paul Craig Roberts
You know that gold bear market that the financial press keeps touting? The one George Soros keeps proclaiming? Well, it is not there. The gold bear market is disinformation that is helping elites acquire the gold.
Certainly, Soros himself doesn’t believe it, as the 13-F release issued by the Securities and Exchange Commission on May 15 proves. George Soros has significantly increased his gold holding by purchasing $25.2 million of call options on the GDXJ Junior Gold Miners Index.http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/
Listen To This Week’s Voice America Radio Show
Listen to this week’s archived ”The Financial Physician” on Voice America’s Variety Channel. Click on “latest episode”-Lou
Listen HERE
ILLEGAL Immigrants Receive $Billions Yearly via IRS Loophole
If you are a taxpayer this video will make your blood boil. I guess the IRS is too busy harassing conservatives.-Lou
What The Heck Is Going On With Our Government
More trouble for the IRS. This Administration is out of control.-Lou
This from Healthcare IT News:
IRS sued for stealing the medical records of 10 million Americans
The Internal Revenue Service is now facing a class action lawsuit over allegations that it improperly accessed and stole the health records of some 10 million Americans, including medical records of all California state judges.
According to a report by Courthousenews.com, an unnamed HIPAA-covered entity in California is suing the IRS, alleging that some 60 million medical records from 10 million patients were stolen by 15 IRS agents. The personal health information seized on March 11, 2011, included psychological counseling, gynecological counseling, sexual/drug treatment and other medical treatment data.
Jon Stewart Destroys Obama Over The IRS Scandal
Sometimes I am really entertained by Jon Stewart.-Lou
