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Bear's Lair

Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.

 

Fed recognition of real "Wealth Effect" impacts. .

Brazilian Devaluation Seen As A Death Knell for the American Farmer

The concept of a "managed economy" pleases most people. After all, we wouldn't want an unmanaged economy, would we?

Special Commentary

The American Experience

Period 3: Inflation of 1897-1920



Duration: 23 years

Commodity Prices: +232%

Purchasing Power of Gold: -70%

Monetary System: Classic Gold Standard

"Creative destruction" is a term economists use to describe the way in which dynamic new industries overtake then replace old industries.

We began last week with a near-term bullish view of the markets.

The fabulous momentum in the Canadian gold mining sector that we saw in late 1998 has all but dissipated now and only a few Canadian golds are in bullish positions at the moment.

Financial markets around the world . .

The gold market continued its long, arduous sideways trend in the remaining weeks of 1998 and in the first two weeks of 1999.

When our November 1996 issue of our monthly market letter and our daily research first published our Dow projection of 9654 +/- 1 1/2%, the time frame that this level would be reached -- if it were even to be reached at all -- was

Equities markets both at home and abroad took a surprising turn for the better in the final weeks of 1998.

Basic economics teaches that manipulating a commodity price must lead to distortions in supply and demand. Price supports create oversupply; price ceilings create shortages.

More optimistic than most strategists .

Ask the bank, the hospital or the power company about their respective Y2K problems and each will tell you they've got the problem licked.

On October 15, 1998, Federal Reserve Chairman Alan Greenspan fired the shot heard 'round the world.

The American Experience

Period 2: Deflation of 1864-1897



Duration: 33 years

Commodity Prices: -65%

Purchasing Power of Gold: +40%

Monetary System: Fiat, then Gold Standard

John Coleman (1992), a former MI6 agent of the elite British Secret Service, in his book "Conspirators Hierarchy: The Story of the Committee of 300" provides as remarkable Orwellian expose of a group of elite men and women who have

All-time highs were again our call . . . for Tuesday's "real" market, and we got them! No short selling has been our motto; only buying the dips.

Women? You suffer before you get them, while you have them, and after you lose them. -- Sholem Aleichem

As the U.S. stock market stages is proverbial so-called "Santa Claus Rally," we can peer through the surface at what might lie ahead for investors after the holidays.

As both a physician and one who supports the United States (by accepting its obligations in lieu of payment) I have an interest in Medicare.

HoHoHo…what a jolly sleighride this has been . . .

For market technicians, the single most crucial and sought-after skill is the ability to discern and forecast turning points in market trends.

Humanity holds its breath in an uneasy anxiety that tugs at our hearts as we stand on the edge of an abyss that represents either salvation/peace or eternal damnation. The U.S.

For the past few decades, the world has been fascinated with, and focused on the year 2000: the new millennium. For some, the year 2000 represents the dawning of the Age of Aquarius.

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The first use of gold as money occurred around 700 B.C., when Lydian merchants (western Turkey) produced the first coins

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