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 […]

State Tax Revenue In U.S. Drops Most In 46 Years

| January 7, 2010

The states are in a bad way, …..The first three quarters of 2009 were the worst on record for states in terms of the decline in overall state tax collections.  2010 is going to be very difficult for the states and the next year is likely to be significantly worse.  The great recession hit virtually […]

Does The Bond Market Smell Inflation?

| January 6, 2010

Thoughts On The Fed Minutes From Todd Harrison Of Minyanville

| January 6, 2010

The FOMC’s Great Debate  Todd Harrison   JAN 06, 2010 3:30 PM             There are two potential downside catalysts: exhaustion and exogenous shock.             The following was posted originally in real time on the Buzz & Banter The FOMC minutes have been released and there seems […]

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

Toyota’s Lexus Holds Off BMW, Keeps Luxury Lead For 10’th Year

| January 5, 2010

Toyota’s Lexus Holds Off BMW, Keeps Luxury Lead For 10’th Year By Mike Ramsey Jan. 6 (Bloomberg) — Toyota Motor Corp.’s Lexus posted a 22 percent surge in December U.S. sales, finishing its 10th consecutive year in the top spot for luxury autos after fending off a challenge by Bayerische Motoren Werke AG. Lexus sold […]

It’s The New World Of Google…..Google Introduces Nexus One Handset to Take On IPhone

| January 5, 2010

Google Introduces Nexus One Handset to Take On IPhone By Brian Womack Jan. 5 (Bloomberg) — Google Inc., aiming to take on Apple Inc.’s iPhone and defend its dominance in Web search, introduced a touch-screen mobile phone called Nexus One and opened an online store for the handset. The device is 0.45 inches (11.5 millimeters) […]

The Lost Decade American Style

| January 5, 2010

This chart speaks for itself………….. Despite an abysmal 10-years of zero wealth creation and zero job growth, betting on a second consecutive Lost Decade seems like a bad wager.  And yet, it happened in Japan… But let’s not dwell on the negatives so early in this promising New Year. Instead, let’s consider the potential positives – […]

What To Expect in 2010…. The Afghanistan War

| January 4, 2010

What To Expect in 2010   by J. R. Nyquist   Weekly Column Published: 1.04.2010 In Roman mythology, Janus was the god of gateways, portals and bridges. He has been used to symbolize the march of time, the transition from one age to another. He is often represented as having two faces: one peering into […]

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 […]

2009 Bankruptcies Total 1.4 Million

| January 4, 2010

The big question……Is this a lagging indicator or a trend. AP: 2009 bankruptcies total 1.4 million, up 32 pct By MIKE BAKER, Associated Press Writer RALEIGH, N.C. – U.S. consumers and businesses are filing for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an […]

Gene Inger Of The Inger Letter Checks In With His Comments

| January 4, 2010

Gene Inger’s Daily Briefing . . . for Tuesday January 5, 2009:   Good evening;   The stock market performed in stellar manner; particularly for small caps as is typical; and just the way we would prefer with regard to setting-up the next phase of market action; though it doesn’t have to quickly occur. Actually […]

The Austrian School’s 7 Commandments

| January 4, 2010

                             The Austrian School’s 7 Commandments: -The Austrian free-market economists use common sense principles. -You cannot spend your way out of a recession. -You cannot regulate the economy into oblivion and expect it to function. -You cannot tax people and businesses to the point of near slavery  and expect them to keep producing. -You cannot create […]

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: […]

Thirty-five Percent Of California Homes Are Under Water According CoreLogic

| January 4, 2010

Merced Sun-Star   Lifeline For Homeowners   California and four other states lead the nation in  ‘Underwater’ mortgages. Entering the new year, California continues to be the blue lagoon for the mortgage mess. It is one of five states leading the nation in “underwater” mortgages, where the value of a home is less than what […]

Banks Are Making A Killing On Government Money By Front Running The Program….It’s “Free Money Come And Get It”

| January 4, 2010

No Good Deed Goes Unpunished as Banks Seek Profits From Bailout By Christopher Condon and Jody Shenn Jan. 4 (Bloomberg) — To understand the meaning of no good deed goes unpunished, Treasury Secretary Timothy F. Geithner can look no further than Wall Street where the banks that received the biggest taxpayer bailouts are seeking to […]

2009 Market Boxscores

| January 3, 2010

The States And The Stimulus

| January 3, 2010

  JANUARY 2, 2010       How A Supposed Boon Has Become A Fiscal Burden. Remember how $200 billion in federal stimulus cash was supposed to save the states from fiscal calamity? Well, hold on to your paychecks, because a big story of 2010 will be how all that free money has set the states up for an even bigger […]

Homeward Bound….The New Home Office

| January 3, 2010

Gum In The System

| January 3, 2010

Later Payments Are Jamming The Economy’s Gears                January 3, 2010                         By PHYLLIS KORKKI What’s one sign of a weak economy? People take longer to pay their bills. As a result, those who await payment have less money to pay their bills, and a cycle of slowness sets in, gumming up the economic works. […]

You Know What Gramps Does When He Gets Stressed Out By The Markets……….He Gets A Relaxing Massage Down At The Squirrel Inn

| 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

Quote Of The Day……..

| January 1, 2010

“Be at war with your Vices, at peace with your Neighbors, and let every New Year find you a Better Man.”                                          Benjamin Franklin

Gramps Says “Happy New Year” To All Our Friends

| January 1, 2010

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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 […]

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