John Hussman: "We Currently Observe The Ingredients Of A Market Crash"

Read "The Ingredients of a Market Crash" by John Hussman at Big warning here! Here are a few quotes:

Traders: Millions By The Minute (BBC Videos)

Check out this interesting BBC documentary on traders (ht Zero Hedge).

"Traders: Millions By The Minute takes a look at the fast and fiercely competitive world of financial traders and talks to the men and women who play the markets in London, New York, Chicago and Amsterdam."

Euro Keeps Falling On Mario Draghi's Comments, Bearish $XEU Technicals

The euro continues to fall because ECB president Mario Draghi keeps reiterating his dovish views on monetary policy to the public. For example, he recently told Europe 1 on September 23, 2014 that the "ECB will continue to have a very expansionary monetary policy for an extended period of time until we see the rate of inflation going close to 2%" and "we will do whatever it takes within our mandate to make sure it will happen." In addition, he mentioned that the ECB's accommodative policy is currently diverging with other countries' policies, which could explain the recent activity in the euro.

The euro's long-term downtrend line was also warning about downside risk in early August, so bearish technicals and fundamentals both played a part in the euro's recent plunge.

David Stockman vs. Jeremy Siegel (Bloomberg Video)

David Stockman is right, in my opinion. Why isn't Jeremy Siegel worried about the epidemic of mispriced risk in the manipulated markets.

Statement By President Obama On Airstrikes In Syria (Video/Transcript)

The White House
Office of the Press Secretary

For Immediate Release September 23, 2014

Statement by the President on Airstrikes in Syria

South Lawn

10:11 A.M. EDT

THE PRESIDENT: Good morning, everybody. Last night, on my orders, America’s armed forces began strikes against ISIL targets in Syria. Today, the American people give thanks for the extraordinary service of our men and women in uniform, including the pilots who flew these missions with the courage and professionalism that we've come to expect from the finest military that the world has ever known.

John Hussman: "We View Corporate And Junk Yields As Insufficient To Justify Their Additional Credit Risk At Present Levels"

John Hussman, president of Hussman Investment Trust, shared his views on credit risk and the leveraged stock buyback cycle in this week's Weekly Market Comment titled "The Ponzi Economy". It's a good read. He said:

Linkfest 9.20.2014

10 warning signs of global financial meltdown

Dan Gilbert Interviews Warren Buffett At Detroit Event

Quicken Loans founder Dan Gilbert interviewed Berkshire Hathaway's Warren Buffett at a Detroit event on September 18, 2014. The billionaires conversed about Detroit, municipalities, the 2008 financial crisis, GM's bailout, the U.S. economy, and more.

David Rosenberg: Overvalued Stock Market To Correct 5 To 10 Percent (Reuters Video, 9/11/2014)

On September 11, David Rosenberg, chief economist at Gluskin Sheff, told Reuters that he believes the stock market will fall 5 to 10 percent from here because of

Citi's Fitzpatrick: Euro Headed To Parity With The US Dollar Over The Next Two Years (CNBC Video)

Tom Fitzpatrick, Chief Technical Analyst at CitiFX Technicals, thinks the euro will drop to parity with the U.S. Dollar mainly because the Federal Reserve's and ECB's monetary policies are moving in opposite directions.

Joe Weisenthal vs. Peter Schiff on CNBC

Who is right?

Linkfest 992014-9122014

Bubble forming in US middle market leveraged finance

Video Of President Obama Addressing The Nation On ISIL

"President Obama delivers an address to the nation on the threat posed by the terrorist group ISIL." (via

Venezuela's Annual Inflation Rate Hits 63.42% In August, A New High (Chart)

"Venezuela’s annual inflation accelerated to the fastest pace since the national index was created in 2008, as collapsing imports made the few products made locally more expensive."

Advisor Bearishness At Low Last Seen In 1987 A Few Months Before The Crash

Here are quotes and a chart from John Hussman's Weekly Market Comment this week:

"Last week,