Analysis Topic: Stock & Financial Markets
The analysis published under this topic are as follows.Thursday, September 18, 2008
Central Banks Swapping Bad Debt for Cash / Stock-Markets / Credit Crisis 2008
"...Monetize labor, monetize stocks, monetize the farmers, monetize real estate..."
DAMNED IF THEY DO , damned if they don't, politicians the world over are looking pretty sheepish right now. Nationalizing failed banks, mortgage lenders and insurance firms hardly makes for a strong election pitch. It won't do much to coax fresh risk capital into shoring up financial balance-sheets, either.
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Thursday, September 18, 2008
China Stock Market ETF Near-Term Bottom? / Stock-Markets / Chinese Stock Market
My near and intermediate-term work on the iShares China ETF (AMEX: FXI) indicates that the September 17 low at 30.25 and the upmove into this morning's high at 33.48 established the first coordinate in a near-term bottoming process, which if accurate argues for a recovery period that propels the FXI to the 37.00/50 area prior to the completion of the initial advance. The only question here is how much of the initial pop (30.25-33.48) will be retraced on US market weakness? We are about to find out.Read full article... Read full article...
Thursday, September 18, 2008
China, Russia Governments Intervene to Halt Stock Market Panic / Stock-Markets / Global Stock Markets
On the heels of Central Banks announcing Global Coordinated Liquidity Measures , China and Russia have both announced plans to intervene directly in the equity markets.Let's take a look at both countries starting with Russia Pledges $20 Billion for Stocks, Cuts Oil Tax .
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Thursday, September 18, 2008
Stock, Commodities and Currency Futures Markets Analysis / Stock-Markets / Futures Trading
The December NASDAQ 100 was higher due to short covering overnight as it consolidated some of Wednesday's decline. Stochastics and the RSI are oversold, diverging but are bearish signaling that additional weakness is possible near-term. Closes below March's low crossing at 1703.75 would open the door for a possible test of weekly support crossing at 1527.12 later this fall. Closes above the 20-day moving average crossing at 1809.97 are needed to confirm that a short-term low has been posted. The September NASDAQ 100 was up 23.00. pts. at 1670.00 as of 5:55 AM CST. First resistance is broken support marked by March's low crossing at 1703.75. Second resistance is the 10-day moving average crossing at 1735.52. First support is Wednesday's low crossing at 1639.75. Second support is weekly support crossing at 1527.12. Overnight action sets the stage for a higher opening by December NASDAQ 100 when the day session begins later this morning.Read full article... Read full article...
Thursday, September 18, 2008
Drowning Fed Swimming Against the Credit Crisis Tide / Stock-Markets / Credit Crisis 2008
Keith Fitz-Gerald writes: If there's one lesson you can take away from this financial crisis, it's this: Whenever the U.S. Federal Reserve squares off against the financial markets, it ends up as the loser.
In recent weeks, I've written several articles suggesting that the credit crisis isn't over and detailed the three indicators that led me to this conclusion - despite what the politicians, the pundits and all the other so-called "experts" would have you believe.
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Thursday, September 18, 2008
Credit Crisis Out of Control- US Government Admission "No One Knows What to Do" / Stock-Markets / Credit Crisis 2008
In the wake of Global Financial Seizures that has affected housing, the stock market, and bonds Reid Says `No One Knows What to Do' to Solve Crisis .
The U.S. Congress is unlikely to pass new legislation to overhaul financial regulations this year because "no one knows what to do,'' Senate Majority Leader Harry Reid said today.
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Thursday, September 18, 2008
Precarious Global Financial Position Set to Worsen / Stock-Markets / Credit Crisis 2008
Despite the incessant, nauseating calls for a bottom in real estate and banks, financial firms now find themselves in their most vulnerable conditions since the credit crisis began last summer. Just this week alone we were given three data points that help underscore just how precarious a situation these companies are in.Read full article... Read full article...
Wednesday, September 17, 2008
Global Financial Seizure, Massive Flight to Safety, Gold Soars / Stock-Markets / Financial Crash
Gold bulls have something to smile about today as it is soaring by more than $50 in the wake of renewed financial seizures. The markets have greeted the news Nationalization of AIG: Treasury to get 80% stake in return for $85 billion with a bang.Treasury Secretary Paulson has been on the phone all day assuring multiple countries Don't Worry, The Banking System Is Sound .
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Wednesday, September 17, 2008
Credit Crisis Reaches Boiling Point: Buy Gold Now! / Stock-Markets / Credit Crisis 2008
There could be heroes that emerge in the market tumult, but I urge you not to try to be one of them.
Financial markets around the world are now fraught with uncertainty and fragility. The cemetery of those who have lost their shirts trying to call "the bottom" is rapidly running out of vacant grave sites.
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Wednesday, September 17, 2008
Comrade Bernanke and the Socialist Republic of the United States / Stock-Markets / Nationalization
By nationalizing nearly 80% of AIG for $85 billion, the Fed is doing a lot more than simply flushing taxpayer money down the toilet. The greater wrong is allowing the agency that has the power to print money to take control of a private enterprise, especially without the approval of the company's shareholders. The move represents the largest lurch toward socialism that this country has ever seen, and signals the end of the vibrancy of America's once vaunted free market economy. Since there is no limit to the amount of money the Fed can create, there is no limit to the number of assets they can acquire.Read full article... Read full article...
Wednesday, September 17, 2008
Financial Markets Fear and Uncertainty Remain After AIG Bailout / Stock-Markets / Credit Crisis 2008
"The U.S. government seized control of American International Group Inc. -- one of the world's biggest insurers -- in an $85 billion deal that signaled the intensity of its concerns about the danger a collapse could pose to the financial system. The step marks a dramatic turnabout for the federal government, which had been strongly resisting overtures from AIG for an emergency loan or some intervention that would prevent the insurer from falling into bankruptcy. Just last weekend, the government essentially pulled the plug on Lehman Brothers Holdings Inc., allowing the big investment bank to go under instead of giving it financial support." Wall Street Journal, 9/16/2008Read full article... Read full article...
Wednesday, September 17, 2008
Paulson- Don't Worry, The Banking System Is Sound / Stock-Markets / Credit Crisis 2008
Dateline July 21, 2008Paulson: U.S. Banking System Fundamentally Sound
"Our banking system is a safe and a sound one."
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Wednesday, September 17, 2008
Investing in Credit Chaos, the Financial Storm is Here / Stock-Markets / Credit Crisis 2008
All the Swans Are BLACKSaturdays and Sundays
Used to be fun
Weekends were holidays
Perhaps time in the sun
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Tuesday, September 16, 2008
Nasdaq Q's Signaling Technical Bottom / Stock-Markets / US Stock Markets
In a "normal" market environment, if the Q's exhibited the current technical set-up that shows a glaring positive momentum divergence, the form of a completed downleg from the 8/15 high at 48.57 into the AM's low at 41.41, and a rally (today) that has subdivided into what I interpret as a bullish "recovery form," I would be very enticed to enter a new long position. In fact, our model portfolio is long based on the explained technical set-up. HOWEVER, we all know that this is not a normal market.Read full article... Read full article...
Tuesday, September 16, 2008
Stock Markets Comparison Against the 1930's Depression / Stock-Markets / US Stock Markets
Analog Comparisons - The term analog is rooted in the word analogy , which for our purposes is being used with reference to an analog signal measuring a variable signal that is continuous (similar) in amplitude and time. In terms of analyzing the financial markets, and how price movements have a tendency to repeat in terms of pattern (amplitude) and time, it is this understanding that was the primary precept in the work of W. D. Gann , which to this day remains THE comprehensive / definitive template to unlocking the mystery of how markets work. The primary understanding then, is that price movements in markets have a tendency to repeat in pattern and time.Read full article... Read full article...
Tuesday, September 16, 2008
Wall Street is Screaming BUY Emerging Market Stocks / Stock-Markets / Emerging Markets
Tony Sagami writes: Wow — talk about a disaster. Bad news at AIG, Lehman, and throughout the financial sector led to a world-class pummeling on Wall Street. The Dow lost more than 504 points, while the S&P 500 dropped more than 4.6%, the worst single-day decline since right after the 9/11 terrorist attacks.
Definitely stay tuned to Money and Markets for more updates on where we're going next.
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Tuesday, September 16, 2008
Financial and Credit Markets Seizure / Stock-Markets / Credit Crisis 2008
Distrust between banks is growing. They are all wondering "who's next". Fear of an AIG implosion is on everyone's mind. But what to do about it? See The Crime In Buying AIG Time for some non-solutions that will put Life insurance policies, retirement annuities, and the like at risk just so AIG can make good on a bunch of derivative bets gone bad.LIBOR Soars Amid Global Credit Seizure
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Tuesday, September 16, 2008
The Death of Wall Street- Protect Yourself from the Banks / Stock-Markets / Credit Crisis 2008
Searching for SanityWall Street's business model is broken. The high stakes game of Russian Roulette which Wall Street never seemed to lose, is taking them down one by one. Commercial banks aren't in much better shape either. In fact, the business model of the entire financial system is broken. And the pain is only going to get worse.
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Tuesday, September 16, 2008
Stocks Bear Market Risk and Gold Bottoming / Stock-Markets / Stocks Bear Market
Tuesday likely will be another pivotal day for equities, with Goldman Sachs earnings due out before the opening bell, and at 2:15 PM ET, the FOMC decision. Some people already are calling for a rate cut of 50 bps (to 1.50%) in order, I suspect, to allay investor fears in the aftermath of the Fed refusing to throw more money at companies with ugly balance sheets and bad debts.Read full article... Read full article...
Monday, September 15, 2008
Credit Crisis Developments Explained - China Cut Short-Term Interest Rates / Stock-Markets / Credit Crisis 2008
There appears to be a good deal of opacity in what the Fed has said on Sunday regarding a broadening of the collateral it is willing to hold on short-term emergency loans to primary dealers. The exotic financial instruments created this week-end by the Fed are very difficult to price. The effects are less contained than in the past and they are larger given that they emanate from the subprime crisis and directly affect the net worth of households.Read full article... Read full article...