Bernie Madoff looks set to be this year’s Grinch, at least for stock investors. His $50 billion ‘Ponzi’ scheme suckered many high-profile institutional investors. And as full details emerge, Frank Hemsley says it could shatter the fragile confidence in the market. This could mean a sharp leg down for stocks before the New Year.
There is always a bull market going on somewhere, says Frank Hemsley. As currency values are all relative to each other, a slump in one always means another is soaring. Frank says the unwinding of the carry trade means the Japanese yen is soaring against weaker currencies like the British pound. As long as stocks remain in a bear market, Frank says the yen will rise and sterling will fall.
China’s massive stimulus package could be just the trigger commodities need to resume a bull run, says Frank Hemsley. He says more G20 nations will likely follow China’s lead after the coming global summit. And when all these projects get underway in the next year, demand for metals and grains will recover strongly.
With an estimated $4 trillion daily, forex trading dwarfs other markets in terms of volume. And stock market chaos is driving more investors to the currency markets. Frank Hemsley says forex trends are prone to overshoot. That means the British pound could fall much further against the US dollar in the coming months. It may be a bold call, but Frank says pound-dollar parity by the end of the year is a real possibility.
We’re deep into bear market territory right now… aren’t we? Frank Hemsley isn’t so sure. He says commodities are actually still in a long-term secular bull market. The current slump is just a temporary correction of prices that ran away in the last year. Frank says commodities will soon continue their bull run, breaking through new highs in the process.
The tiny London-listed share that’s on the brink of doubling in post-war Georgia. There’s a popular misconception that the Chinese word for “crisis” means “danger and “opportunity”.
Apparently, there’s just no stopping stocks. They just keep on trucking higher as investors forget about the recent troubles in the financial sector and focus on Merrill Lynch’s note that ‘credit markets may be “past their worst”’.
Apparently, there’s just no stopping stocks. They just keep on trucking higher as investors forget about the recent troubles in the financial sector and focus on Merrill Lynch’s note that ‘credit markets may be “past their worst”’.
If you didn’t get a chance to read Saturday’s email, you won’t have seen what my trusted colleague, Manraaj, calls “the biggest growth story of the next 50 years”.