Wednesday, October 15, 2014

Victor Sperandeo Warns We Are Very Close To All Hell Breaking Loose

from King World News
Today a legendary trader and investor warned King World News that we are getting very close to the point where all hell is going to break loose in major markets. He also warned about what is happening in Europe and how that will play into the coming chaos. Victor Sperandeo has been in the business 45 years, and has worked with famous individuals such as Leon Cooperman and George Soros.
Incredibly, Sperandeo was interviewed in Barrons in September of 1987, where, with astonishing accuracy, he predicted that the stock market would crash. The market crash took place one month later and it just added to his legendary reputation. Below are the warnings issued by Sperandeo.
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World Stocks Crash Prediction / Vronsky / October 14, 2014
Numerous globally recognized stock analysts and sage market pundits are voicing bearish opinions of the possible forth-coming crash in major stock markets.  Here are a few bearish predictions.
Marc Faber: 
“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.”   Faber doesn’t hesitate to put the blame squarely on President Obama’s big-government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents — why should your parents be forced to speculate in stocks and in real estate and everything under the sun?”
Peter Schiff:
“I think we are heading for a worse economic crisis than we had in 2007,” Schiff said. “You’re going to have a collapse in the dollar…a huge spike in interest rates… and our whole economy, which is built on the foundation of cheap money, is going to topple when you pull the rug out from under it.”  “ The crisis is imminent,” Schiff said.  “And stock market investors are oblivious to the problems.”
Jimmy Rogers:
Well known investor Jim Rogers, who made his fortune during the 1970′s crisis by investing in commodities like precious metals, has long-warned about the calamity faced by, not just America, but the world as a whole.  Sage guru Rogers warns:   “Prepare, we are on the brink of a very serious collapse that will end with currency turmoil, food shortages, panic, social unrest and a total shakedown of average citizens.”

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Hertz Global Holdings (NYSE: HTZ): Bullish Reversal Could Result in a Fast Rebound

Shares of car rental company Hertz Global Holdings (NYSE: HTZ) have plummeted nearly 40% since mid-August, erasing a nine-month rally in less than two months' time.
The selling began in force after the company withdrew its full-year financial guidance, blaming a shortage of cars due to recalls and costs associated with an accounting error. Analysts have since lowered their earnings estimates, and the losses have been exacerbated by broad market weakness.
But for traders, now is the time to look for seller exhaustion, as they could make quick gains by hopping on a bullish reversal. (more)

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Strategic Hotels and Resorts Inc (NYSE: BEE) BEE

Strategic Hotels & Resorts, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It is owner and asset manager of the highest quality portfolio of upper-upscale and luxury hotels and resorts. The firm was formerly known as Strategic Hotel Capital Inc. Strategic Hotels & Resorts, Inc was founded in 1997 and is based in Chicago, Illinois.
Take a look at the 1-year chart of Strategic (NYSE: BEE) with the added notations:
1-year chart of Strategic (NYSE: BEE)
Over the last 3 months, BEE has been consolidating within a couple of short-term price levels. First, the stock has formed a clear support level at $11.25 (blue). Next, the stock has also been forming a down trending resistance level (red), which has now been tested 4 different times. These two levels combined have BEE stuck within a common chart pattern known as a descending triangle that will eventually have to break one way or another.

The Tale of the Tape: BEE is currently trading within a descending triangle. A long trade could be made on a break above the down trending resistance or a pullback to the $11.25 support. A short trade could be placed on BEE if the stock breaks below the $11.25 support level.
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AK Steel Holding Corporation (NYSE: AKS)

AK Steel Holding Corporation, through its subsidiary, AK Steel Corporation, produces flat-rolled carbon, stainless and electrical steel, and tubular products in the United States and internationally. It produces flat-rolled value-added carbon steels, including coated, cold-rolled, and hot-rolled carbon steel products; and specialty stainless and electrical steels in sheet and strip forms. The company also produces carbon and stainless steel that is finished into welded steel tubing, which is used in the automotive, large truck, industrial, and construction markets; buys and sells steel and steel products, and other materials; and produces metallurgical coal from reserves in Pennsylvania.
Take a look at the 1-year chart of AK (NYSE: AKS) with the added notations:
1-year chart of AK (NYSE: AKS)
AKS embarked on a major rally starting in June that took the stock all the way up to $11 in August, only to give that entire rally back since that peak. Throughout 2014 the stock has found support at $6 (green) whenever that level has been approached and now the stock is almost there again. Investors should be able to expect some sort of bounce, but if not, new lows for the year will follow.

The Tale of the Tape: AKS has a key level of support at $6. A trader could enter a long position at $6 with a stop placed under the level. If the stock were to break below the support a short position could be entered instead.
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5 Reasons Oil Prices Are Dropping / by Tyler Durden / 10/14/2014 10:19
Submitted by Chris Pedersen via,
As oil prices continue to fall, analysts and producers are trying to wrap their heads around the reasons and identify a floor price. Even though crude benchmarks like Brent and WTI keep dropping, the cost of finding oil continues to rise. What are some of the key drivers that have created this paradox?
1. The U.S. Oil Boom
America’s oil boom is well documented. Shale oil production has grown by roughly 4 million barrels per day (mbpd) since 2008. Imports from OPEC have been cut in half and for the first time in 30 years, the U.S. has stopped importing crude from Nigeria.
2. Libya is Back
Because of internal strife, analysts have until recently assumed that Libya’s output would hover around 150,000-250,000 thousand barrels per day. It turns out that Libya has sorted out their disruptions much quicker than anticipated, producing 810,000 barrels per day in September. Libyan officials told the Wall Street Journal last week that they expect to produce a million barrels per day by the end of the month and 1.2 million barrels a day by early next year.
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