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Money Update today! New shows and two more reports just published! January 14, 2015.
Marc’s Notes:
Are we having fun yet?
Hey fans, a few things to cover:
The markets are flat but pressing 18,000 on the Dow once again. Could we be looking at a double top around 18,100 and change when everything is said and done?
Maybe.
The economy is teetering on deflation as the debt from the crisis never went away. Remember my call “it won’t be enough” way back in 2009 when they first started the bailouts and QE. 6 or so trillion later and as they scale back QE the markets falter.
I also said the EURO problems never went away but were just covered up with printed dollars. Greece never went away nor did the PIIGS problems. Now we see the truth again. Greece is in the limelight again and soon others will be. The Euro Central Bank is embarking on more QE and will soon intensify it. That will drive markets up. For now until they meet in a few weeks, Greece’s problems are the world market’s problems.
Plunging oil prices seemed like good news but as detailed in a few of my articles, newscasts and shows, too much of a good thing is bad. With lower oil prices comes a wave of firings, defaults and upset apple carts. Lower oil also means deflation across the board and the central banks hate deflation so they will print. The Euro Central Bank per my above comments are ramping up QE to take up the slack from our central bank backing off QE. In the end, our central bank won’t raise interest rates much if at all and more QE here is a good possibility to fight off the deflation lower oil prices will bring. If I thought no QE would be forthcoming I would say the markets will falter big time but seeing as more QE will be here from the Euro Bank and probably resurrected here in 2015 by our central bank if price continue to drop, I think the Dow and markets are probably ok to continue to add dividend payers but only the ones on my list. (SUPER DIVIDEND PAYERS LIST).
Per a previous recent newsletter the green light has taken on a slight orange color to it with a short term pull back possibility.
Gold meanwhile is trying to break out of its funk and making another attempt at the final breakout. $900/ ounce gold and $12/ounce silver is still in play unless both metals can continue their ascent and hold key support levels while penetrating prior resistance levels.
Not helping are retail sales figures just out today. They were not so good showing a decline. The markets are reeling again. It is a volatile time. As a result I do have some good news.
I just posted shows #201 and 202. Those are key to what is happening so download those and listen to both. I also just updated the DREAM PORTFOLIO and the CONSERVATIVE PORTFOLIO! Download both as both have very important info for 2015 and these markets. The Dream is a consult in a box on all the place money should be. The Conservative Portfolio is for those wishing less risk in today’s markets and brothers and sisters, that is looking more and more like the route we should take!
You can pay for each but that amounts to a year subscription so just do the $99.00 membership, get both and get all updates I do for a full year. Better yet buy 2 years and I pay for the 3rd year! The best deal going!
The show airs this Thursday where I interview Mish Shedlock, a fantastic analyst and one I follow and agree with. Don’t miss it! Thursday at noon PST on KVMR FM or KVMR.ORG or MONEYMANAGEMENTRADIO.COM
All for now,
Marc
SUPER DIVIDEND PAYERS LIST
DREAM PORTFOLIO
CONSERVATIVE PORTFOLIO
all HERE: www.moneymanagementradio.com
