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  • The Best Quote of 2009 [View article]
    This should be the quote of the decade:

    "The most recent projections from the OMB indicate that, if current policies remain in place, the total unified surplus will reach $800 billion in fiscal year 2011…The most recent projections, granted their tentativeness, nonetheless make clear that the highly desirable goal of paying off the federal debt is in reach before the end of the decade."

    Alan Greenspan speaking in the 2001 Congressional Testimony
    Sep 3, 2009. 01:59 PM | 2 Likes Like |Link to Comment
  • Weekly ETF Rewind: Back in Overbought Territory [View article]
    Over-bought or not, look at this almost perfect inverse head and shoulders pattern on the weekly chart.

    It's odd that I see no other mention of this, considering how much the head and shoulders pattern on the daily chart was in the news 5 or 6 weeks ago.

    Kind of scary if one is bearish.

    Or is this another setup to catch the technical analysts off guard?
    Aug 22, 2009. 10:40 PM | Likes Like |Link to Comment
  • Start of the Shorting Season? [View article]
    I'm a little leery. Look at this almost perfect inverse head and shoulders pattern on the weekly chart.

    For fun look at the same chart of DOG, the inverse of DIA. Notice how we're now below the neckline. For more fun look at DXD or SDS.

    Kind of scary if one is bearish.

    Or is this another setup as was the daily head and shoulders of 4 or 5 weeks ago?
    Aug 16, 2009. 02:18 PM | Likes Like |Link to Comment
  • Which Historical Period Does this Market Resemble? [View article]
    Excluding the current rally,4 of the previous 5 top performers were significantly higher at the end of their rallies than at the 45% point.

    The 5th was still up 48%.

    Momentum builds on momentum?
    Aug 7, 2009. 10:25 PM | Likes Like |Link to Comment
  • Confidence Games and Ponzi Schemes: No Way to Run the World's Largest Economy [View article]
    As I was reading I highlighted this paragraph and was going to say that this says it all:
    "But, what doesn't make sense is when we are told that an enduring economic rebound will require these now-thriftier Americans to "regain their confidence" in a system that has failed them so miserably over the last few years and, during a period of declining incomes and rising unemployment, go out and spend more money."

    But the more I read, the more I realized I was mistaken. I can't narrow it down to a single paragraph.

    Great article!
    Aug 7, 2009. 09:55 PM | 1 Like Like |Link to Comment
  • Abby Joseph Cohen's Bullish Calls [View article]
    What's the debate about?

    Abby works for Goldman Sachs and on July 20th with the S&P 500 at 950, Goldman Sachs raised its year-end price target on the S&P 500 from 940 to 1060. So far, so good.

    Don't fight the Fed, er, I mean Goldman Sachs. For-warned is for-armed.

    Put options if you're holding inverse ETFs anyone? Or is it too late?
    Aug 7, 2009. 08:59 PM | 2 Likes Like |Link to Comment
  • The Fallacy of 'Money on the Sidelines' [View article]
    Gee, every time I sell a stock I check with Trim Tabs to insure that my proceeds are reflected in their numbers. But it seems that whoever bought my stock made a corresponding withdrawal so the net amount in the money market funds remains the same.

    One of life's mysteries, I suppose.
    Aug 2, 2009. 06:37 PM | 3 Likes Like |Link to Comment
  • 1929 All Over Again? [View article]
    It seems to me that Rosenberg, and the others, may be about 20 days too early in trying to make a comparison, considering that the 100 day point where we are now was "the" top in the 1929/1930 rally.

    Waiting another 3 or 4 weeks won't make a significant difference to an investor. Not waiting could make a difference.

    Check back in 20 days.
    Aug 2, 2009. 06:32 PM | 4 Likes Like |Link to Comment
  • $33 Billion in Taxpayer Money Subsidized Wall Street Bonuses [View article]
    Just for the record, Goldman Sachs converted from an investment bank to a traditional bank in order to receive TARP funds. That hardly seems that they "were forced into it".

    It seems to me they saw the huge one time investment opportunity using taxpayer money and couldn't resist.

    On Jul 31 05:31 PM homogenik wrote:

    > You are right for the most part however goldman and jpm didnt need
    > the bailout but were forced into it. ...
    Aug 1, 2009. 12:29 PM | 3 Likes Like |Link to Comment
  • Are You Buying This Rally? [View article]
    What's the debate about? On July 20th, Goldman Sachs uped its year-end price target on the S&P 500 from 940 to 1060.

    It's a done deal.
    Jul 31, 2009. 03:52 PM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    I especially liked "Saved just before CIT hit the fan" on Monday.

    On Jul 23 09:42 AM anon345 wrote:

    > Dear Grammar Nazi,
    > Due to the high quality work Rachael produces every day I feel confident
    > defending her that she knows the correct spelling and rather was
    > playing on the word 'shoe' since Zappos is a shoe retailer.
    > Great work as usual Rach
    Jul 23, 2009. 12:39 PM | 2 Likes Like |Link to Comment
  • If Americans Don't Want Another Stimulus, Why Are We Having One? [View article]
    It seems that we have been in one long uninterrupted stimulus when you consider the original Bush tax cuts and stimulus, the Federal Reserve low interest rate policy, the current stimulus and all the other government interventions to keep the party going.

    Nine years and counting. What good has it done?
    Jul 17, 2009. 12:06 PM | 2 Likes Like |Link to Comment
  • Final Spike in the Bear Market Rally? [View article]
    Could Meredith Whitney be this year's Elaine Garzarelli? Made a great call once and then tried to outdo herself.

    Just wondering.

    Jul 16, 2009. 08:00 PM | 1 Like Like |Link to Comment
  • Jobless Claims as Percent of Labor Force Fall for 3rd Month in a Row [View article]
    Considering that 467,000 jobs were lost in June, 618,000 initial claims seems reasonable. The difference, 151,000, would indicate that approximately 25 percent of those were able to find another job. Or some from June, some from May, etc.

    Also, remember that there is no direct correlation between new claims and continuing unemployment. New claims could theoretically drop to zero and unemployment wouldn't necessarily have to show any decrease.

    On Jul 06 03:07 AM Steven Hansen wrote:

    > with the unemployment rate expressed as a percentage of the workforce
    > at the second highest level since WW2, how do you square this with
    > the graph you posted.
    > we need to all realize that the data is no longer correlating and
    > it should be instinctive that an analyst would immediately recognize
    > when data is not giving you the correct answer.
    Jul 6, 2009. 10:10 AM | Likes Like |Link to Comment
  • Official Unemployment Numbers Understate the Problem [View article]
    Disregard my comment above. I see a decimal point where before I saw a comma.
    Jul 5, 2009. 12:26 PM | 2 Likes Like |Link to Comment