kingworldnews.com / May 02, 2017
On the heels of the Dow hanging around the 21,000 level, the U.S. Dollar Index near 99, and the gold market trying to regain its footing, here is another take on the plunge in silver, when the mighty are fallen and Bernanke’s arrogance.
By Bill Fleckenstein President Of Fleckenstein Capital
May 2 (King World News) – The indices were roughly flat through midday and up until an hour to go when I had to leave. (Trading was almost nonexistent today.) Away from stocks, green paper was mixed, oil lost 3%, fixed income was a touch higher, and the metals were flat, although the miners did bounce a bit…
They May Already Be a Winner
Tonight, the all-important Apple will report its results. It is nearly impossible to have an accurate opinion about how it will do at beat-the-number, because for many of these big-cap momentum favorites the analysts and the companies play the game of setting expectations, then lowering them, or setting them artificially low in the first place, then barely beating them. Yet, either way, the results are invariably considered a “win.” As I have mentioned fairly often lately, the whole game of beat-the-number is absurd, but it is perfect for sound-bite TV and other such shallow formats.