QUESTION: Mr. Armstrong, I live in San Francisco (silicon Valley) and due to internet and automation, technology is doing well and Real estate has been strong, perhaps overpriced. Since oct 2015 prices have declined slightly in core while keep rising in the peripheral areas. Rents are very high and demand for rentals is softer in 2016. […]

COMMENT: hi marty, i am from india. You ve no idea how much your blogs have helped me understand the duplicity of our governments. The Government has made mandatory registering our PAN card with the dealer for any purchase made for even as low as 2 lakh rupees (3600 dollars). They are literally hunting for […]

The Nikkei re-opened after yesterday’s public holiday but again was sold from the open. The key banks suffered yet more liquidations eventually closing Mitsubishi UFJ -2.3%, SMFG -4.1%, Mizuho -3.7% and the main Nobel House (Nomura) was down 9.2%. Exporters also suffered Toyota, Nissan and Sharp all down between 6 and 10%. The Nikkei closed […]

It must feel like there is no end in sight for the Japanese stock decline as futures continued their decline despite the cash being closed for a public holiday. We did see the return of the Hang Seng with a -3.8% decline after celebrating the Lunar New Year. Again, oil was the top “excuse” having seen […]

QUESTION: Marty; as you know I have worked on the bond desk and am now looking to get out and retire. You are so right. The 10 year is the old 30 year and nobody buys the 10 year with any expectation of holding it for 10 years. The debt has been sold only because of […]

QUESTION: Dear Marty, When talking about negative interest rates and a shift of cash from banks to the stock market from 2017, would that not mean that cash may also shift to property and other assets? Yet I thought that we have seen the high in the property market already? Thanks for your useful insights […]

Our opening pivot point tomorrow in gold will be 1217.30. This came down slightly from 1220, but it still reflects where the resistance would stand. In the Dow, it is still lower at 15909.28. In the S&P 500 cash, it lies slightly lower at 1832.39. In the euro, we have a sharply higher number as […]

With most of the Asian markets closed, many were expecting a steady, easy opening Monday to start the week. The Nikkei cash managed a close above the much talked 17k level (+1.1%) and even saw the ASX clamber into an unchanged close. However, just 90 minutes into the European session dealers remarked that Bank stocks […]

The two main areas to avoid are (1) ANY investment in government bonds (federal, state, local), and (2) bank stocks. These will be the two areas of major concern as we move forward in time. You can keep cash in U.S. TBills for right now, but as we move into 2017 you are better off […]

Hillary refuses to explain, no less release, transcripts of her “speeches” for Goldman Sachs. What they paid Hillary for just three speeches is more than Bernie Sanders’ entire net worth after a long career. Here she is at the groundbreaking ceremony for Goldman Sachs’ $2.1 billion steel and glass building, equipped with giant murals, opera-house ceilings, […]