Saturday, March 17, 2007

Can You Say Flight to Qualtiy?

›
From Barron's. Utilities were the only industry to gain last week. Also not that financial shares -- which contain subprime mortgage le...

Last Week in Review

›
I finally broke down a few months ago and got a subscription to Barron's which has been one of my favorite financial publications for a ...
Friday, March 16, 2007

The Markets Today

›
At least it's Friday. The markets meandered traded in different ways today. The SPYs couldn't find a bottom until after 3PM EST. ...

Industrial Production Ramps Up

›
From the Federal Reserve: Industrial production increased 1.0 percent in February after a decrease of 0.3 percent in January and a rise of 0...

CPI Up .4%

›
From the BLS: The Consumer Price Index for All Urban Consumers (CPI-U) increase 0.5 percent in February, before seasonal adjustment, the Bur...

Dollar Update

›
From Bloomberg: The dollar slid to the lowest level this year against the euro before a U.S. consumer-confidence report that may reinforce c...

China Approves Property Laws

›
From the NYTimes: After more than a quarter-century of market-oriented economic policies and record-setting growth, China on Friday enacted ...
Thursday, March 15, 2007

More Agricultural Price Charts

›
This is a chart from Stockcharts of the CRB Agricultural Index. It says one thing: agricultural prices are increasing at a high rate:

The Markets Today

›
Instead of looking at an intra-day chart, today I wanted to look at the 3-month daily charts for the SPYs, QQQQs and IWNs. It's been a ...

Philly Fed Stalls

›
This chart from the report says it all. Business conditions are hovering around zero. They have been here before and bounced, so this migh...

Empire State Index Drops Big

›
Here is a link to the PDF report The general business conditions index dropped from 24.3 to 1.8. That's the biggest drop we have seen i...

PPI + 1.3%, Core +.4%; Agricultural Price Spikes Hit Numbers

›
From the BLS: The Producer Price Index for Finished Goods advanced 1.3 percent in February, seasonally adjusted, the Bureau of Labor Statist...

H&R Block's Mortgage Unit Has More Problems

›
From the WSJ: H&R Block Inc.'s disclosure of more losses on subprime mortgages is stirring up doubts about the planned sale of its h...

Trade Deficit Improves

›
This report came out a few days ago. But I've been a bit preoccupied with the markets so I'm getting to it now. From the BEA A drop...
Wednesday, March 14, 2007

The Markets Today

›
What a difference a day makes. The markets were in much better shape today. Here are the SPYs, QQQQs and IWNs. All of the markets started ...

Import Prices Surprise on the Downside

›
From the BLS: The U.S. Import Price Index rose 0.2 percent in February, the Bureau of Labor Statistics of the U.S. Department of Labor repor...

GM Injects $1 Billion Into GMAC Because of Subprime Mortgages

›
From Reuters: General Motors Corp. (NYSE:GM - News) will inject $1 billion into GMAC, its former finance arm said on Tuesday, a capital infu...

Oil Market Update

›
From AFX News: The US Energy Information Administration said crude oil stocks rose by 1.2 mln barrels in the week ending March 9 to a total ...

Great Cartoon

›
Special thanks to London Yank for this.

Asian Markets Tank

›
From the WSJ: Asian-Pacific markets fell sharply Wednesday in the wake of a sharp sell-off on Wall Street, with Japan's benchmark index ...