Friday, December 12, 2008

Weekend Weimer and Beagle

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Hey folks -- sorry about the lack of posting today. It has really been, well, crazy -- but is a really good way. I'll be back on Monda...

You'd Think I Would Have Posted This Sooner

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Below is a video of a panel I participated in last summer. At the time I participated I realized that it was being taped. It just slipped ...

Forex Friday's

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Click for a larger image Notice the following on the weekly chart -- Prices rose 23% over the last 5 months -- All the SMAs are still moving...
Thursday, December 11, 2008

Today's Markets

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The overall tone of the market remains negative. The general SMA situation is negative. The 200 and 50 day SMA are moving lower. The 20 i...

We're Nowhere Near a Bottom in Housing

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From Bloomberg: U.S. foreclosure filings climbed 28 percent in November from a year earlier and a brewing “storm” of new defaults and job l...

The Clock Ticks Down for GM

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From Bloomberg: General Motors Corp. has been asked for payments in advance by a small number of auto-parts suppliers after saying it would ...

Thursday Oil Market Round-Up

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Click for a larger Image Notice the following on the weekly chart: -- Prices are near their lowest level in three years -- All the SMAs are ...
Wednesday, December 10, 2008

Today's Market

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The overall tone of the market is still bearish. Notice all SMAs save the 10 day SMA are moving lower. While the 20 day started moving sid...

Stiglitz On the Crisis

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From the latest Vanity Fair: There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task...

Restaurant Jobs No Longer Safe Haven

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From the WSJ: Restaurant jobs, a reliable fallback for many unemployed and immigrant U.S. workers, are shrinking almost as fast as tips left...

Commodities Related Job Market Dropping

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From the Street.com: Rio Tinto (RTP Quote - Cramer on RTP - Stock Picks), one of the world's biggest mining companies, plans to cut 14,0...

Wednesday Commodity Round-Up

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Click for a larger image Notice the following on the weekly chart: -- Prices are near their lowest level in three years -- Prices have falle...
Tuesday, December 9, 2008

Reworked Mortgages Aren't Working

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From CNBC Companies:Citigroup Inc | Bank of America Corp | JPMorgan Chase and Co Reuters | 08 Dec 2008 | 01:22 PM ET Text Size Recent data s...

Today's Market

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The main issue is the market is still in the middle of a downward sloping channel. Until me get out of this channel we're in for boring...

More Job Cuts Announced

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From the NY Times: Dow Chemical said Monday it would cut 5,000 full-time jobs — about 11 percent of its work force — close 20 plants and sel...

A Note on the Auto Bail-Out

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I haven't written anything on the auto bail-out. But as someone who writes on economic matters it's probably something I should men...

Treasury Tuesdays

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Let's start with the long end of the market Notice the following on the TLT's -- Prices consolidated in a triangle pattern from Sept...
Monday, December 8, 2008

Today's Market

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-- The market is still in the middle of a downward sloping channel. -- The 10 day SMA has crossed over the 20 day SMA -- All the other SMAs ...

We're Nowhere Near a Bottom in Housing

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From Bloomberg: One in 10 American homeowners fell behind on mortgage payments or were in foreclosure during the third quarter as the world’...

Market Monday's

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Let's start with a really long view. Note the market has -- Wiped out the gains from the 2003 - 2007 rally -- Is trading far below the ...