Monday, November 12, 2007

Like Lemmings Off a Cliff....

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From Morningstar: Embattled mortgage lender Countrywide Financial Corp. in a regulatory filing conceded that if its credit ratings fall belo...

What Inflation?

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From Morningstar: Tyson Foods Inc. said Monday it swung to a fourth- quarter profit from a year ago, helped by cost cuts and operating profi...
Sunday, November 11, 2007

Week's Preview: Houston, We've Got a Problem

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Going into this trading week I am deeply concerned about the markets. My posts from the weekend made the following points. To summarize: 1...

Transports Break Support

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For those who subscribe to Dow theory, this is a very bad sign for the market.

Last Week's Market Action

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Here are the charts for the SPY, QQQQ and IWM. Commentary is below Note the following. 1.) All three averages dropped hard on Wednesday and...
Saturday, November 10, 2007

One of the Stupidest, Dumbest, Most Moronic Ideas of the Year

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Financial stocks rallied yesterday, as evidenced by the strong green bar and heavy volume. The reason? Bottom fishing. But I will once ag...

More Thoughts on the Russell 2000

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First, reference the IWM chart below. Notice the Russell 2000 has been in an upswing for the last 4 years. However, on its latest up-swing...

Some Long Term Perspective

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After big sell-offs, its usually a good idea to take a look at the long-term market perspective to see exactly where we are in the market cy...
Friday, November 9, 2007

Weekend Weimar

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Traffic has increased this week, which I am guessing is part of the market turmoil we have been experiencing this week. So to my new reader...

What Inflation?

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From the BLS: The U.S. Import Price Index advanced 1.8 percent in October, the Bureau of Labor Statistics of the U.S. Department of Labor re...

Get Ready For More Downgrades

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From the WSJ: In the next few weeks, debt-rating services like Moody's Investors Service, Standard & Poor's and Fitch Ratings lo...
Thursday, November 8, 2007

A Closer Look At the Financial Sector

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About a month ago I looked at the various sectors withing the financial sector. In light of yesterday's bank inspired rally, I want to...

Like Lemmings Off a Cliff....

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From Bloomberg: Most U.S. stocks rose after banks rallied in the final hour of trading from their lowest level in two years and food compani...

Today's Markets

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I'm going to start with the QQQQ's daily chart, because this is where the real news of the day lies. For the last few weeks, tech h...

Bernanke's Statements

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From the Federal Reserve: Looking forward, however, the Committee did not see the recent growth performance as likely to be sustained in the...