Category: Financial Markets 2010
The analysis published under this category are as follows.Wednesday, September 29, 2010
Stock and Financial Markets Sober Analysis / Stock-Markets / Financial Markets 2010
It is an unarguable fact that the world economy has become moribund against a background of overpopulation and environmental degradation.
That the gold price is rising in the face of such a fact – and against a background where markets are not showing signs of impending panic – is highly significant.
Read full article... Read full article...
Tuesday, September 28, 2010
Irelands Bonds In More Trouble, Stocks Slide / Stock-Markets / Financial Markets 2010
Despite a pickup in M&A activity US Stocks posted modest losses Monday with financials leading the slide into the close. The sector shed 1.2 percent, which makes for the worst loss of any major sector. Regional banks were under some of the most pressure; they dropped 2.2 percent. Note of Irish interest MT&T slid 7 percent. The general mood wasn’t helped by chat of layoffs and bonus cuts at Morgan Stanley http://www.cnbc.com/id/39386390 and there was another flash crash Monday. Progress Energy fell from over $40 to around $4 in a few minutes (before recovering). It’s just one stock, but it confirmed that the post May 6 circuit breakers don’t work as advertised — another blow to confidence in the financial markets.
Read full article... Read full article...
Sunday, September 26, 2010
Stock Market Headed Lower, The Fed’s Admission Of Guilt / Stock-Markets / Financial Markets 2010
Before I go off on one of my rants, I want to comment on something. On Friday the Brazilian petroleum company, Petrobras, completed the largest stock offering in history. It sold seventy-eight billion dollars worth of stock to unsuspecting suckers, widows and orphans! I know it’s just paper, but I truly think the world has gone mad. I know they’re supposed to have the largest oil reserves in the world, but the line between what’s “proven” reserves and what’s “probable” reserves often becomes blurred and that is especially true in Latin countries. Investors in Royal Dutch learned that lesson the hard way some years ago when it was learned that they only had a fraction of the proven reserves that had been previously claimed. The people buying Petrobras stock today will get a refresher course in what’s real and what isn’t. Now on to bigger and even more dangerous themes
Read full article... Read full article...
Sunday, September 26, 2010
SP500 Stock Market Internals, U.S. Dollar and Gold Pre-Week Analysis / Stock-Markets / Financial Markets 2010
After a fierce equities rally on Friday, which I figured would happen, just not that strong; I have to wonder if there is some event or major decision in the works we don’t know about?
Friday’s rally could be something simpler like window dressing by the funds. This is when the funds buy up all the top performing stocks for month end reporting. They do this so that their investors think they are on the ball and know what they are doing. Window dressing will end Monday and from there we could see some profit taking (selling) start. But for all we know Obama could be extending the tax cuts for everyone or cutting payroll taxes etc…
Read full article... Read full article...
Saturday, September 25, 2010
What happens when stocks meet resistance? / Stock-Markets / Financial Markets 2010
New orders for durable goods Decline. - New orders for manufactured durable goods in August decreased $2.5 billion or 1.3 percent to $191.2 billion, the U.S. Census Bureau announced today. Down three of the last four months, this decrease followed a 0.7 percent July increase. Excluding transportation, new orders increased 2.0 percent. Excluding defense, new orders decreased 1.2 percent.
Read full article... Read full article...
Friday, September 24, 2010
The Next Great Bull Market Begins on This Date... / Stock-Markets / Financial Markets 2010
Dr. Steve Sjuggerud writes: "We face another seven years or so of bad times," Robert Shiller said this week.
Through luck or skill, he's been pretty darn right about these things..
Friday, September 24, 2010
Fed Free Money Friday / Stock-Markets / Financial Markets 2010
What a fun day for debate!
Former Fed Chair, Paul Volcker went way off-script in Chicago yesterday and "moved unsparingly from banks to regulators to business schools to the Fed to money-market funds during his luncheon speech. He praised the new financial overhaul law, but said the system remained at risk because it is subject to future “judgments” of individual regulators, who he said would be relentlessly lobbied by banks and politicians to soften the rules."
Thursday, September 23, 2010
Bubble Trouble, Next to Burst, Gold, Treasuries, CDS...? / Stock-Markets / Financial Markets 2010
Gold, Treasuries, Junk Bonds, Netflix (we shorted them yesterday), PCLN (we shorted them Monday), Credit Default Swaps - take your pick of what is going to be the next bubble to burst.
We shorted TLT again yesterday ($105) as I sure wouldn’t lend the US money at those rates and neither, it seems, will the "smart money" guys anymore. The cost to hedge against losses on U.S. government debt rose to the most in six weeks as investors bet the Federal Reserve will put more cash into the economy.
Read full article... Read full article...
Thursday, September 23, 2010
Anglo Irish Bank Rumours And Weak GDP Worries Markets / Stock-Markets / Financial Markets 2010
U.S. stocks fell Wednesday, dragging the S&P 500 Index to its biggest decline in two weeks, as a weakening earnings outlook for technology and financial companies overshadowed speculation the Federal Reserve is warming up the print presses for QE2.
Adobe Systems tumbled 19% after estimating sales that missed analysts’ projections and PMC-Sierra dropped 6% as the chipmaker reduced its third-quarter revenue forecast. Microsoft shed 2.2%after announcing a dividend increase that was smaller than some analysts expected. Morgan Stanley and Goldman both lost at least 2.2%, pacing a slump in financial shares, as Deutsche Bank cut its earnings estimates for the banks.
Read full article... Read full article...
Thursday, September 23, 2010
SP500 Pierces, Bonds Rally, Dollars Fall Out the Window / Stock-Markets / Financial Markets 2010
It’s been a wild ride the past few days OptionsX, Obama and FOMC comments. Seems like everyone is waiting to see what the market is going to do going forward at this pivotal point…
Since the market topped in April and has since been trading sideways in this rather large range, everyone has small positions at work but waiting for a decisive move before fully committing to one side. There could be a few opportunities in the coming days using bonds, the dollar and the SP500 if all goes well which I explain below.
Read full article... Read full article...
Monday, September 20, 2010
Monday Stock Market Movement - Mind the (Wealth) Gap! / Stock-Markets / Financial Markets 2010
Congratulations to 440,000 of us!
That’s how many people became Millionaires in the past 12 months (ending in June). According to a new survey from Phoenix Marketing International’s Affluent Market Practice, the number of American households with investible assets of $1 million or more rose 8% in the 12 months ended in June. The survey says there now are 5.55 million U.S. households with investible assets of $1 million or more. That follows two years of declines and brings the Millionaire count back to 2006 levels. Of course, that is still below the peak of 5.97 million in 2007 and the current growth rate is well below pre-financial crisis levels, when the Millionaire population increased as much as 35% a year.
Sunday, September 19, 2010
SPX Revisits Old Low as VIX Makes Primary Cycle Low / Stock-Markets / Financial Markets 2010
FDIC Friday back on the job. -
The FDIC Failed Bank List announced six new banks closure this week. Only three were acquired by another bank. This week’s failures cost the agency’s deposit- insurance fund $347.6 million.
Shadow Bank Liabilities Plunge By $700 Billion In Q2, $2.1 Trillion Year To Date - (ZeroHedge) Continuing the analysis of today's Z.1 report, we next focus on recent developments in the shadow banking system. And it's a bloodbath: total shadow bank liabilities dropped by $680 billion in Q2, and a massive $2.1 trillion YTD. If one wonders why Ben Bernanke (yes, it's technically TurboTim) continues to print trillions and trillions of debt, and it is still doing nothing (yet) to stimulate the system, here is your answer.
Saturday, September 18, 2010
These Realities are Investor Profit and Protection Enablers / Stock-Markets / Financial Markets 2010
“THE FED - Yesterday I read Saturday's front page headline in the LA Times and my blood boiled. The headline read, "Fed Stands Ready to 'Do all that it can.' With Growth slowing, Bernanke Says the Central Bank is Willing to Act to Keep the US Out of Recession." The nerve of these bastards; Fed Chairman Greenspan kept interest rates too low for too long, setting off the greatest housing bubble in US history. The bubble burst, as all bubbles do, sending the US into recession and near-deflation. And now our new Fed Chairman, Ben Bernanke, has the nerve to tell us that the Fed is going to save us. What kind of pure BS is that? First the Fed kills us and then it steps forward and says it's going to be our savior. Yuck.
Read full article... Read full article...
Friday, September 17, 2010
Major Market Corrections Brewing for Gold, Silver, Oil & SP500? / Stock-Markets / Financial Markets 2010
We are at the tail of another light volume choppy options expiry week and a big move is brewing… So I thought I would do a mid-week update on what I think is about to unfold in the coming days.
First off I will touch on gold. Everyone is in love with this shiny metal. But as I mentioned last week I think we are nearing a sharp correction. Previously I pointed out that we needed gold to make a new high to the $1275- 1285 area before everyone piles in and gets married to it, only then will the market reverse… Remember the market is out to take money from the masses and the gold trade is getting a little crowded in my opinion.
Read full article... Read full article...
Thursday, September 16, 2010
Yen Intervention: Impact on U.S. Dollar, Copper, Oil, Silver, and Gold / Stock-Markets / Financial Markets 2010
In today’s global environment of slower growth and high debt levels, no country wants a strong currency. Japan has seen the yen rise more than 10% since May, which has exporters very uneasy in the Land of the Rising Sun.
Read full article... Read full article...
Thursday, September 16, 2010
Gold, Dollar, Interest Rate and Equities / Stock-Markets / Financial Markets 2010
Dear Investor
I believe, my investors should be more than happy as Gold is scaling new highs, Dollar is Falling and Interest Rates are climbing as predicted earlier in previous newsletters.
Read full article... Read full article...
Wednesday, September 15, 2010
Yen Intervention Wednesday - Kan Baffles Bulls / Stock-Markets / Financial Markets 2010
As we discussed yesterday, it was meet the new boss, same as the old boss in Japan as Naoto Kan’s re-election sent the Yen to new highs as he was considered the least likely candidate to back intervention. Well surprise, surprise this morning as Japan officially intervened in the FOREX markets and sent the Yen down a full 2.5% as they used their Yen to purchase an undisclosed basket of currencies.Read full article... Read full article...
Tuesday, September 14, 2010
September Fears And Polarizing Financial Markets Sentiment / Stock-Markets / Financial Markets 2010
Financial market operators and leading investment funds in several countries are now betting on two major trends: increasing risk aversion and fear of low asset performance, and increasing distrust of many types or classes of assets. These themes are sometimes opposed and sometimes linked, for example declining confidence in equity performance in theory could drive investors, perhaps only for a short while, to buy gold thus raising the profile of some types of reputedly secure assets.Read full article... Read full article...
Monday, September 13, 2010
Taxes, Basel III, Gold & Going to College? / Stock-Markets / Financial Markets 2010
Interesting Gallup poll: Only 1 in 3 Americans actually favor keeping tax cuts for the top 2% (people making over $250,000 a year). As Barry Ritholtz says, that may come as a shocker to anyone who watches CNBC or reads the Journal or Fox or other conservative information sources. Maybe the Democrats aren’t so crazy pushing this as the focus of the upcoming election.
Read full article... Read full article...
Sunday, September 12, 2010
Inflation Mega-Trend Long-term Growth Spiral Continues to Drive Stock Market Trend / News_Letter / Financial Markets 2010
The Market Oracle NewsletterSept 5th, 2010 Issue #52 Vol. 4
Read full article... Read full article...