SATURDAY 9/12/15

SPX  1961. INDU 16433. COMPQ 4822. RUT 1158. DAX 10124. CAC 4549. FTSE 6118. MIB 21763. IBEX 9859. PSI 5022. NIKK 18264. SPASX200 5071. KOSPI 1941. SSEC 3200. HSI 21482. BSE 25610.

107 are killed after a freak lightning storm hits a Saudi Arabia mosque. Over 230 others are injured.

At 5:49 AM Tokyo time (4:49 PM EST Friday evening), a 5.4 magnitude earthquake hits Japan 20 miles east of Tokyo. Japan cannot catch a break between the ongoing Fukishima nuclear disaster and cleanup, a flailing economy despite obscene Keynesian spending by the BOJ, storms, floods and landslides over the last week, and now an earthquake. 














[Text is Redacted: Purchase September 2015-09 to Read the Complete Chronology]

Fox business television personalities and pundits remain bullish touting that “they are buying these stocks with their own money.” Gary B “Chartman” Smith says AAPL will gain +30% higher which is a 150 price target. Investor John Layfield proclaims that GPRO will gain +30% which is a 43 price target. Pundit Jonas Max Ferris says BA will gain +20% over the coming year which is a 162 target. Investor Charles Payne says Biogen is a buy expecting big gains ahead with BIIB printing at 318 last week.

Television personality Ben Stein continues to advise viewers to buy the stock market on the long side suggesting the diamonds, DIA, which is the bullish ETF for the Dow Industrials Index. Business journalist Elizabeth MacDonald says DGX should be bought on the dips. Financial analysts John Tamny says global investment bank IPO Houlihan Lokey, HLI, is a buy.

Not one of the many pundits across the entire Fox weekend business block of four television shows, about 20 talking financial heads in all, warned investors of the stock market top and -10% to -50% and more selloff in equities over the last few months. Not one single one of them forecasted that the stock market would peak and was going to sell off hard. (The daily chronology highlighted the negative divergence on the monthly and weekly charts for the major indexes, and ominous rising wedge patterns, forecasting the stock market top this year which occurred. Financial media pundits across the internet including Fox, Bloomberg and CNBC television ignored Keystone’s warnings and instead led viewers, traders and investors down the road to losses.) The Dow Industrials are down -11% from the May top.