Carl Spackler

Global Markets in Review: Share Prices Too Far Ahead of Economic Reality

Bernake and the Feds gave some passing compliment to the dollar, but it just a passing comment. This administration's true colors were shown when Obama mentioned recently that his belief is that US exporters will pull us out of this mess. That means this administration is behind a weak dollar campaign in the futile hope that exports can drive our economy.

This will go down as a massive miscalculation. Our economy is only 30% manufacturing, and such a small sector will not drive growth much. The damage of a depreciating currency on the remaining 70% of businesses will cripple us long term. We will have a small group of companies doing well, and a bunch doing poorly.

Sensing a Market Turning Point

Major mistake in his argument is "equity markets tend to lead economic turning-points by roughly six months".

TAKE NOTE: THIS IS NOT A TYPICAL BEAR MARKET - THIS IS A 1 IN 100 YEAR BEAR MARKET.

DO NOT EXPECT THE TYPICAL OR AVERAGE MARKET REACTION!

Jeffrey Saut: A Rally in the Works?

Just another person trying to "call the bottom" based upon non-emprical evidence. I am tired of pundits spouting about the market's ability to take bad news and muster a 68 point gain. The last year has had at least 1000 posts of a similiar vein. I for one will stay true to the long term trend - down! In the end, when this market can trade sideways for at least 6 months, then and only then will I call bottom. This (and most deep recessions) do not have a V shaped bottom. Then tend to hit bottom and go sideways for months. Everyone is using the last recession chart as their blueprint. This is not a good comparison. This downturn is a completely different animal.

Tuesday Outlook: Commodities, Emerging Markets, More

This guy always does some great posts - always a must read.