General Electric (GE) Is Less Valuable When It Can't Pay A Dividend

General Electric (GE) closed at $10.10 down 8 cents and it made a new multi-year low. It's the first time it's been below ten dollars in 8 or 9 years. The reason that GE got clobbered by 9 percent yesterday was because they had announced the evening before that they were eliminating their dividend and so obviously GE is a lot less valuable when it can't pay a dividend.

This Rally Is A Correction In A Bear Market

The fact that there is no fear to me shows that it's more likely that this is not the end of the correction but the beginning of the bear market and that this rally is the correction. In bull markets, the market going down is a correction because the trend is still positive, still up - well, in a bear market it's the opposite the rallies are the corrections.

The Biggest Decline In A Month For The Nasdaq Since 2008

The US stock markets closed higher today for the second consecutive day for the first time in the month of October and a lot of traders are probably happy that the month of October is over. Despite the back-to-back rally this is still the biggest decline in a month for the Nasdaq since 2008!

The Next Time The Fed Lowers Rates To Zero, The Dollar Will Collapse

President Trump claims that if he had zero percent interest rates the "strong" U.S. economy would be even stronger. He should be careful what he wishes for, as the next time the Fed lowers rates to zero, the dollar will collapse, taking the bond market and the economy down with it!

This Bear Market Is Not Going To End Quickly

Peter Schiff on Fox Business (Oct 29, 2018)

"The Federal Reserve should raise interest rates but the markets will collapse as a result. This bear market is not going to end quickly like the one in 1987. This will be a protracted bear market like the one we had from 1966 to 1982."

Nasdaq: Worst Monthly Decline Since The Financial Crisis

We still have three trading days left in the month of October and the Nasdaq is on pace to its worst monthly decline since the 2008 financial crisis and yet everybody thinks there's no problem!