21 Reasons This Isn’t The Start Of A New Bull Market

| January 10, 2010

You wanna see 21 reasons why we’re not embarking on a new secular bull run, despite what you’ll read in the popular press? Check out the table below, courtesy of our friends at Gluskin Sheff:  Click on the box below to enlarge……….. Thanks to…..http://www.minyanville.com/articles/todd-harrison-markets-minyanville-stock-finance/index/a/26255

Organ Donors Business May Gain Monetary Incentive

| January 10, 2010

In March 2009 Singapore legalized a government plan for paying organ donors. Although it’s not clear yet when this will be implemented, the amounts being discussed for payment, around $50,000, suggest the possibility of a significant donor incentive. So far, the U.S. has lagged other countries in addressing the shortage, but last year, Sen. Arlen […]

John Mauldin’s 2010 Forecast: “The Year Of Uncertainty”

| January 9, 2010

John Mauldin’s  “Thoughts from the Frontline Weekly Newsletter” Those who are invested in the idea of a “V”-shaped recovery became excited over the jobs report last month. Unemployment rose by only 11,000 jobs, if you did not look at the underlying numbers or ignored the household survey. And the consumer confidence surveys have begun to rise. […]

Consumer Credit In U.S. Drops Record $17.5 Billion, This Is A Big Number

| January 8, 2010

Consumer Credit in U.S. Drops Record $17.5 Billion By Vincent Del Giudice Jan. 8 (Bloomberg) — Consumer credit in the U.S. dropped a record $17.5 billion in November as unemployment close to a 26- year high discouraged borrowing and banks limited access to loans. The slump in credit to $2.46 trillion was more than anticipated […]

Jim Chanos – China Buyer Beware……Opportunity May Loom But At Lower Prices

| January 7, 2010

Contrarian Investor Predicts Economic Crash in China   By DAVID BARBOZA January 8, 2010 SHANGHAI — James S. Chanos built one of the largest fortunes on Wall Street by foreseeing the collapse of Enron and other high-flying companies whose stories were too good to be true. Now Mr. Chanos, a wealthy hedge fund investor, is working […]

The Bank For International Settlements Calls Top Banks For Risk Talks

| January 7, 2010

Top Banks Invited To Basel Risk Talks By Henny Sender in New York Published January 7, 2010 The Bank for International Settlements will gather top central bankers and financiers for a meeting in Basel this weekend amid rising concern about a resurgence of the “excessive risk-taking” that sparked the financial crisis. In its invitation, the […]

U.S. Warns Banks To Guard Against Rate-Rise Risks

| January 7, 2010

U.S. Warns Banks to Guard Against Rate-Rise Risks By Scott Lanman and Craig Torres Jan. 7 (Bloomberg) — U.S. regulators including the Federal Reserve warned banks to guard against possible losses from an end to low interest rates and reduce exposure or raise capital if needed. “In the current environment of historically low short-term interest […]

Charles Biderman Of Trim Tabs Makes A Controversial Statement On The Markets

| January 7, 2010

There was a lot of buzz around Wall Street about a report released by TrimTabs yesterday.  In the report, Charles Biderman goes through a lot of potential fund flows to fuel the rally that spiked market cap $6 trillion since March.  He found them all wanting and speculated whether the rally had been funded with buying […]

Does The Bond Market Smell Inflation?

| January 6, 2010

The Fed Minutes, A Review Of Its Last Meeting Are Out

| January 6, 2010

FOMC Discussed Expanding Purchases If Economy Weakens By Scott Lanman Jan. 6 (Bloomberg) — Federal Reserve officials last month debated increasing and extending asset purchases should the economy weaken, with a few favoring the move and one seeking a reduction, minutes of their last meeting showed. Policy makers also differed over whether risks are greater […]

So……What Happens When This All Changes? One Thing’s For Sure, When Interest Rates Are This Low There Is No Incentive For A Higher Savings Rate

| January 6, 2010

Economic Recovery And Removal Of Monetary Accommodation

| January 4, 2010

  by RYAN J. PUPLAVA, CMT | January 4, 2010 It’s a new year, and for newsletter writers and portfolio managers it means the bar has been reset. It’s time to put on our thinking caps and make grandiose predictions for the year to come. After watching CNBC for three days last week, I found […]

Outlook For Economic Growth Around The World

| January 4, 2010

OUTLOOK FOR ECONOMIC GROWTH AROUND THE WORLD Guild Investment In our opinion, stock market appreciation is a function of corporate profit growth.  Corporate profit growth depends upon the industry or industries in which the company operates and the growth rate of the countries in which the company operates.  A summary of the markets which we […]

Commodity Commitment Of Traders Report On The U.S. Dollar….

| January 4, 2010

The COT chart of the Dollar is linked below. It is extremely overextended internally and if any technical support levels get violated on the downside, a significant amount of long liquidation is going to occur. We got just a taste of that in today’s session as the Dollar came under strong pressure with year-end positioning now […]

Robert Rubin: All Hell Could Break Loose Because Of The Huge Government Debt

| January 4, 2010

Robert Rubin: All Hell Could Break Loose Because of the Huge Government Debt The ultimate insider, Robert Rubin, who is a former secretary of the Treasury (1995–99) and now serves as co-chairman of the Council on Foreign Relations and is a fellow of the Harvard Corporation, in a Newseek opinion piece had this to say: […]

2009 Market Boxscores

| January 3, 2010

Fed’s Vice Chairman Kohn Says “Tight Bank Credit And Caution Amoung Households And Businesses May Impede Spending” ….and…. “We Won’t Keep Interest Rates Low To Finance Government Spending”

| January 3, 2010

Fed’s Kohn Says Constrained Credit May Curb Spending By Craig Torres Jan. 3 (Bloomberg) — Federal Reserve Vice Chairman Donald Kohn said tight bank credit and caution among households and businesses may impede spending amid an improvement in financial markets. “Lingering credit constraints are a key reason why I expect the strengthening in economic activity […]

Stiglitz, The Nobel Prize-Winning Economist From Columbia University Says…… The Housing Bubble Was Fueled By The Idea That Housing Prices Would Go Up Forever And That “Globalization Had Opened Up A Global Marketplace For Fools.” He’s Got That Right!

| January 3, 2010

Stiglitz Says Crisis Exposed ‘Major Flaws’ in Economics Ideas By Scott Lanman Jan. 2 (Bloomberg) — Joseph Stiglitz, the Nobel Prize- winning economist and Columbia University professor, said economists are among those at fault for the financial crisis, which exposed “major flaws” in prevailing ideas. The now-flawed premises include the ideas that economic participants behave […]

Current Market Stats, Interest Rates And Key Commodity Prices, End Of 2009

| January 1, 2010

                  Index          P/E        Est. P/E     Div %   Price/Book   Price/Sales  Dow Ind 16.06 16.03 2.67   2.74x         1.33x  Dow Tran 29.60 38.66 1.76   2.25x         0.80x  Dow Util 12.89 13.10 4.21   1.59x         1.16x  S&P 500 22.16 17.61 2.06   2.21x         1.23x  Nasdaq 42.11 25.53 0.84   2.69x         0.20x Source: Bloomberg Key Interest […]

What Is He Thinking?

| January 1, 2010

Could Commercial Real Estate Trigger A Double-Dip?

| January 1, 2010

                         Could Commercial Real Estate Trigger A Double-Dip?     CHARLES HUGH SMITH   Reports that commercial real estate (CRE) is suffering from a double whammy of soaring vacancies and declining valuations have been making news recently with sobering regularity. DailyFinance addressed the risks that CRE meltdowns pose to banks in early December. And in […]

U.S. to Lose $400 Billion on Fannie, Freddie

| December 31, 2009

What a great investment for the government.   The situation is they are losing gobs of money, up to $400 billion in mortgages, Wallison a former general counsel at the Treasury  said in a Bloomberg Television interview. The Treasury Department recognized last week that losses will be more than $400 billion when it raised its limit on […]

It’s Just Beginning…..State, Local Tax Revenues Decline 7%

| December 31, 2009

“Through the first three quarters of 2009 state and local tax revenues totaled $875 billion, nearly 8% below the $951 billion collected in the first three quarters of 2008. In the same period, federal receipts were down nearly 19%.” State, Local Tax Revenues Decline 7% By CONOR DOUGHERTY State and local tax revenues fell 7% […]

Smile, Your On Candid Camera……The New Scanners

| December 30, 2009

Security experts say the scanners may be the best defense in stopping attacks such as an attempt to bomb a Detroit-bound aircraft Christmas Day.

It Sure Looks Like We’re Losing Control Of The Uranium Issue

| December 30, 2009

Kazakhstan Claims To Be Worlds Biggest Uranium Miner By Isabel Gorst in Moscow Published: December 30 2009 Kazakhstan said on Wednesday it had overtaken Canada and Australia to become the world’s biggest uranium miner as nations rich in the resource ramp up production to sell into a resurgent nuclear power industry. The announcement came the […]

This Is Probably Not The Smartest Thing To Do To A Country That We Push Our Dollars And Debt On!

| December 30, 2009

U.S. Slaps New Duties On Chinese Steel By Alan Rappeport in Washington Published: December 30 2009 The US will impose tough new duties on Chinese steel piping imports, raising tensions with its biggest trading partner and emerging geopolitical rival. With Chinese piping imports worth $2.8bn in 2008, the case is the biggest against China brought […]

The Federal Reserve’s Balance Sheet Has Quietly Ballooned To Near Record Highs

| December 30, 2009

From Ian Mathias The 5-Minute Forecast… “One good reason to guard your finances in 2010: The Federal Reserve’s balance sheet has quietly ballooned back to near-record highs. The Fed announced yesterday that it’s balance sheet expanded to $2.22 trillion last week, it’s grossest level in nearly a year and just a hair from an all […]

Euro Zone At Risk In 2010

| December 29, 2009

The European Commission warns that public finances in half of the 16 euro-zone nations are at high risk of becoming unsustainable. Governments will spend the next year and beyond balancing the urgent need to fix public-sector debt and deficits — without imperiling what appears to be a feeble economic recovery. Even the staunchest optimists in […]

Comments From Meredith Whitney, Wall Streets Hottest Bank Analyst

| December 28, 2009

Mortgage Anxieties Mean Limbo for Fannie and Freddie ………..Fannie Mae and Freddie Mac, which buy home mortgages from banks and package them into bonds sold to investors, have been bailed out with $1.5 trillion in direct and indirect government aid.   The approaching withdrawal of Fed support in the form of the mortgage-bond purchases risks a […]

U.S. Fixed Income In A Pickle For 2010…..Bottom line: Everyone has major problems at home, and they are more focused on the supply than the demand side of the equation. What options does this leave for the administration? Very few, and all of them are ugly.

| December 28, 2009

U S Fixed Income Has To Increase   Elevenfold… Or Else   by Tyler Durden on 12/25/2009 17:31 -0500  From www.zerohedge.com As everyone is engrossed by assorted groundless Christmas (and other ongoing bear market) rallies, and oblivious to the debt monsters hiding in both the closet and under the bed, Zero Hedge has decided it […]

Morgage Rates Could Be Heading For 7.5% To 8%

| December 27, 2009

If this happens, it will kill what ever bottoming action we’ve seen in real estate, crush commercial real estate and put the economy back in recession…….Yields on benchmark 10-year notes will climb about 40 percent to 5.5 percent, the biggest annual increase since 1999, according to David Greenlaw, chief fixed-income economist at Morgan Stanley in New […]

It’s Just Monopoly Money Folks

| December 27, 2009

“(ABC) “         The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit and a political problem that President Barack Obama has promised to address next year. The Senate’s rare Christmas Eve vote, 60-39, follows House passage last week and raises the debt ceiling […]

We’ve All Heard The Old Saying “Who Done It”…….Well This Is “Who Got It” As In The Money Handout From The U.S. Government

| December 27, 2009

Ever Wonder About How Retail Sales Components Breakdown?

| December 27, 2009

How Do You Spell Scumbag In English……How About B A N K

| December 27, 2009

Goldman Sachs and Others Investigated for Betting Against Securities They Created Sunday, December 27, 2009 Betting against their own securities has prompted numerous investigations of Goldman Sachs and other Wall Street institutions. Prior to the financial collapse, Goldman and others figured out a way to package risky securities, such as subprime mortgages, and sell them […]

The Best Commodity Gainers……….

| December 25, 2009

                 

Growing Inflation Expectations In 2010 With Steepest Yield Curve Ever

| December 24, 2009

 From The Daily Reckoning The yield curve – the difference in yield between a 2-year Treasury note and a 10-year Treasury note – sits at a record 285 basis points. Fork over your money to the gubmint for two years and you get a paltry 0.88%. But 10 years? You get 3.73%. Yes, that’s paltry […]

YRC The Worlds Largest Trucking Freightline Has Until Yearend To Avert Bankruptcy

| December 24, 2009

YRC Worldwide Inc  was the comination of Yellow Line Freight, Roadway and USF Corp.  They’re now the largest trucking freightline…….Uh, here is what Yellow Corp said back in 2005 with the purchase of USF Corp……………….OVERLAND PARK, Kan. & CHICAGO, Ill.  –This provides immediate and nationwide scale in next day and regional markets–Significant synergies and operational […]

Gold Comes Out On Top For The Last Decade

| December 24, 2009

Daily Reckoning……An Interesting Question?

| December 23, 2009

That America’s precarious financial condition continues to dance on the sharp end of pin is a marvel of modern macroeconomics. Even after deconstructing the whys and wherefores of this marvel, it becomes no less marvelous. Essentially, America borrows and spends as much as it wishes by issuing as many Treasury bills, notes and bonds as […]

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