econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 08 July 2016

Ghosts Of 2008: Three Charts To Watch As World Markets Crumble

from Daily Reckoning

-- this post authored by Greg Geunthner

Trading rules can make you rich.

"It's starting to feel like 2008," London money manager John Anderson tells Bloomberg News. "Government bond yields are telling you something very nasty is about to happen."

Spooky. Are the ghosts of 2008 rattling their chains?

Just one week after investors began drunkenly buying everything in sight, Brexit fears are shaking world markets once again.

Hung-over speculators have dropped their bottles and are now desperately punching the "sell" button as the bad news continues to roll in...

The Dow Jones Industrial Average shed more than 100 points to start the week. This morning, futures are off another hundred points as Asian and European markets continue to slide even further into the red.

And what about those pesky bonds?

"Yields on 10-year U.S. government paper fell to an all-time low of 1.367% on Tuesday and continued to drop on Wednesday to 1.350%," MarketWatch reports. "In Japan, the yield on 20-year government bonds turned negative for the first time, in another sign of investors fleeing to safe havens."

It gets worse...

Banks are coming under renewed pressure, sparking talk of another potential Lehman moment in the works. Bad debt at Italian banks was this week's first boogeyman to come storming out of the closet:

"Italy's banking crisis could spread to the rest of Europe and rules limiting state aid to lenders should be reconsidered," Bloomberg reports.

Just how bad is it for the banks right now?

MarketWatch reports:

"Switzerland's Credit Suisse Group and German lenders Deutsche Bank and Commerzbank were heading to their lowest share-price closes on record"

Behold this long-term Deutsche Bank chart in all its terrifying glory...


What is the Income Play Rich Investors Love? (Hint: It's Tax-Free)


SinkingNewLows-DR

That's not a good look.

Not to be outdone, oil's comeback rally is beginning to unravel as well. Crude dropped nearly 5% yesterday. This morning, oil is creeping closer to $46. This breakdown could signal the end of oil's ferocious rally that began all the way back in February - the same rally that helped spur stocks higher off their 2016 lows...

CrudeCrumbles-DR

As world markets continue to take a dive, precious metals are soaring.

Gold is posting its third straight day of gains. The yellow metal is hitting $1,375 this morning - a two-year high. After punching through $1,300 (and area that acted as major resistance) back in June, gold hasn't looked back.

Turning to a longer-term chart, you can easily see how gold has broken free from the powerful downtrend that has been in place since late 2011...

GlitteringGold-DR

Late last week, we alerted you to another precious metal breakout. Silver's ready to make a run at $20 for the first time in nearly two years, we said.

Just two trading days later, our preliminary target has already been hit. Silver has rocketed from the low $18.30s on Thursday to more than $20 in early trade this morning. That's a 10% in less than five trading days. If investors continue to pile into safety trades, we could see this incredible run extend even further...

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical Investing Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Investing


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Consumers Carry Weak GDP Number Out of the Red
The Theory of the Monetary Circuit: A Critique
News Blog
New Water Plumes From Jupiter's Moon Europa Raise Hopes Of Detecting Microbial Life
The Top U.S. Metro Areas For Startup Growth
What We Read Today 30 September 2016
NASA Slow Motion Rocket Engine Test
23 September 2016: ECRI's WLI Growth Index Unchanged
Final September 2016 Michigan Consumer Sentiment Up Slightly
September 2016 Chicago Purchasing Managers Barometer Strengthens
August 2016 Personal Consumption and Income Year-over-Year Growth Slows.
Rail Week Ending 24 September 2016: Data Is Mixed
Infographic Of The Day: Global Energy Efficiency
Early Headlines: Asia Stocks Lower, Oil Soft, Japan Deflation Strengthens, Trade Backlash, Trump Fades, Veto Override Reconsidered, DB Could Take Down Merkel And Euro, Germany's "Adolfina" And More
What Are British People Most Proud Of
Trust In Mass Media Erodes
Investing Blog
Investing.com Weekly Wrap-Up 30 September 2016
Are You A Trader Or Investor?
Opinion Blog
Monetary Theory Gets Taken To School
First: 'Over-Population End-of Times' Now: 'Shrinking Population Disaster'
Precious Metals Blog
Where Silver Prices Are Headed Now After Fed's Latest Inaction
Live Markets
30Sep2016 Market Close: Markets Teetering On Investor Doubt, Will Collapse Of Deutsche Bank Matter, US Dollar Headed South Along With Gold, Higher Crude Prices Sure To Take Market Down
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved