InnocentsAbroad

According to Tobin's Q the Bear Market Isn't Over Yet

Thanks so much for the nice article. And the updates on indicators.

Market's P/E Ratio Surges: What Does This Mean?

900/ $27.45 = 32.8. Sounds like the PE ratio of an optimistically evaluated high tech. growth stock with good prospects.

At a 3% earnings yield, 10 year bonds sound like a better bet. (IMHO).

Five Impossible Thoughts After Breakfast

Thanks for the nice article. The real difficulty is that the banking and central banking issues are hard for the public to understand. The best public service anyone (any politician ) can provide is to gently and clearly explain the nature of the banking crisis.

As most Americans have at one time or another known or faced bankruptcy themselves, they will easily understand the concept of putting the banks in receivership.

As for the notion that the counter parties or not identified by the Fed and the Treasury, those are public facts that any Senator or Congressman could make available. It is the pervasive corruption of our legislatures that keeps this from happening.

Citigroup's Decline - Not a Good Sign for the Market

What on earth ? Bar sinisters ? That's heraldry right ? What does that have to do with the US financial system ?

Although it is a cool term, and maybe you are just taking an advantage of opportunity to use it, albeit obscurely.


On Mar 01 01:20 PM Patriot Ted wrote:

> You got that right Timster. "They" are flipping insane. The greedy
> bar-sinisters should be hanged.

Why the Market May Hang On by Its Fingernails

I would like to suggest we are not looking at an economic process or a market process but rather a political phenomenon.

As Washington comes around to the idea of conservative and realistic banking (and financial regulation), practitioners of of financial sleight of hand will (I hope) be driven from the marketplace.

This, of course, depends on decisive judicial, regulatory, and executive action. Of real interest, is that the courts and the FBI have been perfectly willing to follow through with executive leads. So, to a large extent, we are just waiting on the leaning curve in the White House and Congress.

I suspect that Obama really does want to provide leadership -- and he has as good a chance as anyone, at doing so.

Margin Debt May Indicate Buying Opportunity

Just on the basis of this article, I am subscribing to Mr. Karsan's articles. Nice summary of the role of credit in equity purchases, which to me, seems a core force in the larger equity market. Even if margin debt is only a proxy for leveraged purchases of equity, I plan to see where Mr. Karsan takes his analysis over the next 6 - 24 months.

The Fed is Deflating: 10 Reasons Why

When incomes drop and prices rise, consumption as a whole may decrease -- thus leading to drops in prices of commodities that only have an internal American market. If that is true, baseball park tickets should be less expensive. So, if that is true, this is a good time to go on the Green Bay Packers ticket/owner list.