Thursday, December 20, 2007

Why Transports Matter, pt II

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From Marketwatch.com: FedEx Corp.'s second-quarter earnings fell 6% because of a weaker U.S. economy and higher fuel prices, the shippin...

Christmas Shopping Is Still Slowing

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From Bloomberg: Sales at U.S. retailers declined for the third straight week as storeowners grappled with winter storms and rising gasoline ...

Why Transports Matter

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From IBD: The railroad operator slashed its Q4 earnings outlook by 20 cents to $1.70 - $1.80 a share, below $1.98 forecasts. Union Pacific ...

About The Fed Auctions

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From IBD: The Fed said banks submitted 93 bids totaling $61.553 billion for the $20 billion in loans auctioned off Monday. That put the bid-...

Fed Governor Lacker Gets It

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From the WSJ: Federal Reserve Bank of Richmond President Jeffrey Lacker warned Wednesday that the inflation picture has "deteriorated...
Wednesday, December 19, 2007

Today's Markets

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I'm going to do things a bit backwards today and start with the Russell 2000's daily chart. Remember, that diagonal blue line is the...

Will $100/Oil Be the Norm?

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From CBS: "We think $100 per barrel oil is on the horizon in 2008, perhaps in the Spring," said Brian Hicks, co-manager of the Gl...

Foreclosures Down Month to Month, Up Year Over Year

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From the WSJ: Foreclosure filings for November surged 68% from a year ago but dropped 10% from October, another sign that foreclosure activi...
Tuesday, December 18, 2007

Today's Markets

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Wow - what a roller coaster ride today. The SPYs opened lower then gapped down hard on heavy volume. But they consolidated there and moved ...

Exports Help to Alleviate Slowing Economy

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From the Christian Science Monitor: But after years when American consumers have pulled the global economy forward, today the roles are larg...

Retailers Having a Tough Holiday Season

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From the Street.com This past weekend brought a big surge of traffic, but not enough to make up for the lack of sales throughout the holiday...

Agricultural Prices Increasing

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I've talked about agricultural prices a lot, largely in the context of inflation. The chart below explains why these prices are really ...
Monday, December 17, 2007

Today's Markets

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Sir prints-a-lot speaks and the markets freaks. Imagine that. I'm going to do this a bit backwards today. Here is the 5-day SPY chart ...

What Mish Said

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From Mish: Prices of things we need (food and energy) continue to rise. Prices of most everything else are dropping. If you do not eat, drin...

Alan -- STFU Already

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Dear Alan -- You are not the head of the Federal Reserve anymore. In addition, your easy credit policies got us in this mess. Please, shut ...

Is the Dollar Making A Comeback?

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From the WSJ: A combination of factors has helped to stabilize the dollar, though it remains quite weak. Some recent data have given comfort...
Sunday, December 16, 2007

Let's Review the Markets

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Whenever I find the markets confusing -- which I definitely do now -- it's really helpful to look at multiple time frames. So let's...