Friday, January 30, 2009

Weekend Weimer and Beagle

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The trading day is almost over. It's time for the kids. I didn't post last week because Kate the old gray Weimer had emergency sur...

About that GDP Number

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From the BEA: The decrease in real GDP in the fourth quarter primarily reflected negative contributions from exports, personal consumption e...

A Stimulating Debate

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Last night the Newshour with Jim Lehrer had a debate/conversation about the stimulus package. Professor Galbraith was for it and Professor...

Forex Fridays

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Notice the following on the weekly chart: -- The dollar rallied strongly last yeat, moving from 71 to 88 -- The dollar has sold off and agai...
Thursday, January 29, 2009

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Click for a larger image The main point on today's chart is prices fell through the 10 and 20 day SMA on devent volume. Prices are stil...

Durable Goods Orders Drop

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Click for a larger image Consider the following from the Census Bureau Report: New Orders New orders for manufactured durable goods in Decem...

World Economic News Is Terrible

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Consider the following two charts from the IMF: Click on both for a larger image The chart of industrial production should scare the hell ou...

Good News From the Credit Markets

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From the WSJ: Some $1.4 billion in junk bonds were up for grabs Wednesday as speculative-grade companies continue to capitalize on renewed i...

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Click on all images for a larger image: Notice the following on the weekly chart: -- Prices are forming a triangle consolidation pattern -- ...
Wednesday, January 28, 2009

Today's Markets

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Click for a larger image The good news is the market moved through key resistance areas today -- prices moved through the 20 and 50 day SMAs...

We're Nowhere Near A Bottom In Housing

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Click for a larger image Consider the following chart from the latest CBO Congressional testimony :

We're Only Halfway Through the Writedown Process

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From Bloomberg: The global economy will slow close to a halt this year as more than $2 trillion of bad assets from the U.S. help sink econom...

A Note On Home Prices

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Click for a larger image. Graph is from Calculated Risk Note the following: 1.) Prices increased for 15 years. 2.) Prices have been in nega...

Wednesday Commodities Round-Up

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Click on all images for a larger image Simply note that lumber -- a key commodity for housing -- is at multi-year lows. This does not bode ...
Tuesday, January 27, 2009

Today's Markets

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Click for a larger image The main point on today's chart is prices broke through the 10 day SMA. However, all the SMAs are still headed...

CBO's Notes On the Stimulus

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From the CBO Blog: Assuming enactment in mid-February, CBO estimates that the bill would increase outlays by $92 billion during the remainin...

Savings Is Ticking Up

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Click for a larger image The good news is people will be better able to withstand hard economic times. The bad news is the economy needs pe...

We're Nowhere Near A Bottom In Housing

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From Bloomberg: Sales of previously owned homes in the U.S. unexpectedly rose from a record low, propelled by the biggest slump in prices si...

Treasury Tuesdays

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Click on all images for a larger images Notice the following on the IEF chart: -- Prices are moving lower, albeit at a slow pace. Prices ha...
Monday, January 26, 2009

Today's Markets

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Click on all images for a larger image The SPYs are at the bottom of a decline. They have formed a triangle consolidation. Prices moved hi...