Saturday, August 29, 2015

SATURDAY 8/29/15; Jackson Hole Symposium; Fed Vice Chair Fischer Speaks

SPX 1989. INDU 16643. COMPQ 4828. RUT 1163. DAX 10299. CAC 4675. FTSE 6248. MIB 21994. IBEX 10353. PSI 5286. NIKK 19136 (above 19K). SPASX200 5264. KOSPI 1938. SSEC 3232. HSI 21612. BSE 26392.

Euro 1.1178 (below 1.12). Dollar/yen 121.70. Pound 1.5391. WTIC oil 45.33 (above 45). Brent oil 50.05 (above 50). Natural gas 2.724. Gold 1133. Silver 14.565. Copper 2.338.

US Treasury yields are; 2-year 0.72%, 5-year 1.52%, 10-year 2.18%, 30-year 2.91%. German bund 0.732%. Japan 10-year yield 0.389%.

28 people are killed in 


















[Text is Redacted: Purchase August 2015-08 to Read the Complete Chronology]


































.... purchasing SPY at 210 and higher have lost over -5% of their capital and at the low last week when the market sold off were down as much as -13%. Other Fox and CNBC business news pundits have been telling investors to buy dividend stocks all year long. Anyone buying SDY or DVY dividend ETF’s, a proxy for dividend stocks, have also lost from -5% to -13% of their capital. Of course the losses are brushed off by pundits, money managers and financial advisors because they will tell you to "invest for the long term.” Following the long-term investment thesis may turn out to be a fatal mistake as the years play out.

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