Coming Week Market Movers: How Long Can They Last? [View article]
The trend's your friend until it ain't. On the other hand, those who think Bernanke is their friend (unless you're a jumbo insolvent CRIMINAL bank sucking the lifeblood out of the system) will have a rude awakening someday.
inContact: Has Fidelity Uncovered Another Sassy Stock? [View article]
There's news. It just hasn't been released to the public yet. Whether it's Siemens or someone with a Form 4 about to be filed, or a miss, there's news. All in the fullness of time.
inContact: Has Fidelity Uncovered Another Sassy Stock? [View article]
Radio silence? This is a clear case of asymmetrical information disclosure... in my humble opinion only, of course, insiders probably tipping off a broker or fund to impending news.
It will be the largest down volume day in 18 months, and one of the 2 or 3 biggest % down days during that period.
inContact: Has Fidelity Uncovered Another Sassy Stock? [View article]
Big volume today, all on the downside - nearly average daily volume and only one hour into the day. $5 is a dangerous spot - many funds have charter restrictions against holding "penny stocks" (contrary to popular understanding, $5 is the cut-off under which the SEC defines penny stocks). It;s also the minimum level where margin debt can be used. I'm convinced more and more that Siemens, or a very large 'tute, is up to something.
Government Revenue Shortfall Caused By The Middle Class? [View article]
"did monetary policy make the rich disproportionately richer? (How does the 99% benefit from the extraordinary monetary policy measures that are directed towards capital markets and Wall Street? This all seems to be a "twist" on trickle down economics - should we call it trickle down monetary policy?)"
Stop right there Steve. That's it in a nutshell... or more accurately a 3 card monte shell - massive debt creation by Treasury (shell #1), transfer to Prime Dealers / major Wall Street and European jumbo insolvent banks at a discount to ultimately profit on the spread (shell #2) and then fed to the FRB for monetization (shell #3), then to be fed back paying 100 cents for a 40 cent MBS in order to bail out self-same jumbo insolvent criminal banks (shell #2) while the middle class schmuck taxpayer is on the hook ultimately for that Treasury debt (shell #1).
Simply a not so virtuous circle with nothing left over for the middle class, nothing to be put to current productive economic use, nothing to be handed down to our children, grandchildren, great grandchildren for future productive economic use... just algos, FRB excess reserve accounts, bonuses, and lobbying activities... PLEASE don't forget the lobbyists and the sock puppet media.
Some Sober Second Thoughts During The Party [View article]
Agreed. The charts are potentially signalling a market-wide topping action, maybe a blow-off top on the major averages basis the so-called good news. Approximately 450 Dow points intraday in basically 6 trading hours, in relatively very low volume holiday trading. NAZ up close to 150 points in that same 6 hour window, RUT just hit an all time high. One wonders whether there are a lot of smart guys running stops and gunning algos to pump stuff and sell into the euphoria. If there are a lot of topping sticks and gap opens with closes near the lows of the day I would be VERY worried here. It's the reason I haven't chased anything.
TA at it's core is a simple, straightforward graphical representation of the supply/demand equation for a particular security over a particular period of time. To insult that simple concept is to expose one's own superstitions and biases, and to deny oneself the opportunity of utilizing a time tested and accurate investing tool to enhance the odds for success. It fills the tool box. It depicts reality as voted on by the MARKET on a minute by minute, day by day, year by year basis, rather than the salesmanship ability of a bunch of conflicted "fundamental" sell side analysts talking their own book. It also reveals repeating patterns that are often predictors of future direction, especially at turning points.
You're absolutely right Bob - stay away from those spooky chicken bones and goat entrails... and for heavens sake don't open yourself up to any new scary concepts whatever you do.
I'm happy to report I used T/A to avoid the entire crash and profit on the downside in 2008 while the status quo folks listened to the happy chirpy "the fundamentals have never been better" brokerage sell side pitchmen and got their heads handed to them... and all it took was to recognize one hard break of a multi year support zone to make all the difference.
Are Student Loans Destroying Consumption? [View article]
No offense peanutgosnell, I wrote this before I saw your post, but it doesn't change my opinion..
It would seem for many that in this "new normal" world the liberal, and especially fine, arts are to be demonized, marginalized, weeded out, rather than to be supported or invested in because they are somehow economically irrelevant, unnecessary, a waste of money and intellectual resources that could be put to more beneficial use in the development of a more rigid, unfeeling, automated, mind numbing technocratic economy. Some almost seem to spit out the words "liberal arts" like they're obscenities. I find that very sad, but not surprising, that there is so much shortsightedness and, frankly, total ignorance in this country.
There is not much today that separates mankind from the animals. One thing, and one thing only, elevates us to a higher plane, and that is our pursuit of the sublime, the aesthetic and yes the spiritual. Liberal and fine arts address these crucial requirements for sustaining and nurturing humanity, for developing a nation of critical thinkers, a moral and humane nation, and I find it pretty pathetic that America spends hundreds of billions of dollars a year propagating a culture based on iPads, Justin Bieber, the Kardashians and American Idol at the expense of the Fine Arts. It's sickening what our American culture has devolved into and I will state without equivocation that the war against Fine Arts is at the root of this pathetic situation.
Are Student Loans Destroying Consumption? [View article]
It should be noted that these student loans are, unlike most consumer loans, non-dischargeable... students can't just declare bankruptcy to clear their debt. Defaults will drag on their credit availability and record indefinitely, and that drag will translate into lower consumer spending indefinitely. We're in the process of creating an entire generation of debt serfs. There are currently more than $1 Trillion in student loans outstanding and I personally know several families who are on the hook for 6 figure loans.. including my brother, his wife and niece who hold loan balances for her under- and graduate degrees around $300K. And she can't find work in her field, so she sells shoes part time, deferring her payments and seeking forebearance. That scenario is being duplicated in probably hundreds of thousands of middle and lower income households today, with no end in sight.
I also wonder how many foreign students (are you listening China and India?) whose students once stayed in America and helped to build our technology and medical infrastructure after graduation (to name 2 major employment opportunities of the past 20 years) now bring those students home as educators to use American technological expertise in their own universities, thereby spreading America's intellectual "wealth" to thousands, millions of their own students. And how many split Dodge by defaulting on their US loans as well, just to add insult to injury?
I know the frustration. I graduated from college (with no loans) in 1972 and started applying for jobs. It was a really tough environment then. The standard mantra of employers for me and millions of other recent graduates was "we're looking for experienced only." My response (unsuccessful of course) was "How do I get experience if nobody will flippin hire me????" Ironically, I hear the same thing from any number of recent graduates these days - in ALL fields, as America's new normal corporations grind down their workforce with fewer full time/ full benefit employees, and more part time, low/no benefit employees.
I fear a tipping point coming soon, and my trips around the blogs tell me there is much anger and resentment in this country today fermenting beneath the surface. In fact, I sense more pent up rage than I have ever detected before, between left/right, rich/poor, racially, geographically, politically. With REAL unemployment arguably at 14-15% when you strip out the specious and highly manipulated BLS stats, we are looking at a powder keg imho.
And as the saying goes - Idol hands are the devil's plaything.
I'd be very careful where I bought GPOR here from a technical standpoint. That spike the other day on huge volume (regardless of whether it was related to a secondary) looks very much like a topping stick or blow-off move. The major oscillators have rolled over and at the least I would expect a move back to 50 SMA support around 34... or lower depending on cap gains news if there is ever a cliff resolution.
Intel: An Ample Reward Awaits The Patient Investor [View article]
Coming Week Market Movers: How Long Can They Last? [View article]
Recovery-Less Recovery: Unemployment Duration - January 2013 [View article]
inContact: Has Fidelity Uncovered Another Sassy Stock? [View article]
inContact: Has Fidelity Uncovered Another Sassy Stock? [View article]
It will be the largest down volume day in 18 months, and one of the 2 or 3 biggest % down days during that period.
This is one butt ugly candle:
http://bit.ly/VOxQ6r
inContact: Has Fidelity Uncovered Another Sassy Stock? [View article]
Government Revenue Shortfall Caused By The Middle Class? [View article]
Stop right there Steve. That's it in a nutshell... or more accurately a 3 card monte shell - massive debt creation by Treasury (shell #1), transfer to Prime Dealers / major Wall Street and European jumbo insolvent banks at a discount to ultimately profit on the spread (shell #2) and then fed to the FRB for monetization (shell #3), then to be fed back paying 100 cents for a 40 cent MBS in order to bail out self-same jumbo insolvent criminal banks (shell #2) while the middle class schmuck taxpayer is on the hook ultimately for that Treasury debt (shell #1).
Simply a not so virtuous circle with nothing left over for the middle class, nothing to be put to current productive economic use, nothing to be handed down to our children, grandchildren, great grandchildren for future productive economic use... just algos, FRB excess reserve accounts, bonuses, and lobbying activities... PLEASE don't forget the lobbyists and the sock puppet media.
Some Sober Second Thoughts During The Party [View article]
Time To Avoid U.S. Equities [View article]
Time To Avoid U.S. Equities [View article]
I'm happy to report I used T/A to avoid the entire crash and profit on the downside in 2008 while the status quo folks listened to the happy chirpy "the fundamentals have never been better" brokerage sell side pitchmen and got their heads handed to them... and all it took was to recognize one hard break of a multi year support zone to make all the difference.
Time To Avoid U.S. Equities [View article]
Thank the FED with it's permanent bid under E mini futures in the thin overnight markets.. what else is new.
Are Student Loans Destroying Consumption? [View article]
It would seem for many that in this "new normal" world the liberal, and especially fine, arts are to be demonized, marginalized, weeded out, rather than to be supported or invested in because they are somehow economically irrelevant, unnecessary, a waste of money and intellectual resources that could be put to more beneficial use in the development of a more rigid, unfeeling, automated, mind numbing technocratic economy. Some almost seem to spit out the words "liberal arts" like they're obscenities. I find that very sad, but not surprising, that there is so much shortsightedness and, frankly, total ignorance in this country.
There is not much today that separates mankind from the animals. One thing, and one thing only, elevates us to a higher plane, and that is our pursuit of the sublime, the aesthetic and yes the spiritual. Liberal and fine arts address these crucial requirements for sustaining and nurturing humanity, for developing a nation of critical thinkers, a moral and humane nation, and I find it pretty pathetic that America spends hundreds of billions of dollars a year propagating a culture based on iPads, Justin Bieber, the Kardashians and American Idol at the expense of the Fine Arts. It's sickening what our American culture has devolved into and I will state without equivocation that the war against Fine Arts is at the root of this pathetic situation.
Are Student Loans Destroying Consumption? [View article]
I also wonder how many foreign students (are you listening China and India?) whose students once stayed in America and helped to build our technology and medical infrastructure after graduation (to name 2 major employment opportunities of the past 20 years) now bring those students home as educators to use American technological expertise in their own universities, thereby spreading America's intellectual "wealth" to thousands, millions of their own students. And how many split Dodge by defaulting on their US loans as well, just to add insult to injury?
I know the frustration. I graduated from college (with no loans) in 1972 and started applying for jobs. It was a really tough environment then. The standard mantra of employers for me and millions of other recent graduates was "we're looking for experienced only." My response (unsuccessful of course) was "How do I get experience if nobody will flippin hire me????" Ironically, I hear the same thing from any number of recent graduates these days - in ALL fields, as America's new normal corporations grind down their workforce with fewer full time/ full benefit employees, and more part time, low/no benefit employees.
I fear a tipping point coming soon, and my trips around the blogs tell me there is much anger and resentment in this country today fermenting beneath the surface. In fact, I sense more pent up rage than I have ever detected before, between left/right, rich/poor, racially, geographically, politically. With REAL unemployment arguably at 14-15% when you strip out the specious and highly manipulated BLS stats, we are looking at a powder keg imho.
And as the saying goes - Idol hands are the devil's plaything.
5 Commodity Stocks Moving On News [View article]
http://bit.ly/Ufc2Tu
Homebuilder Blues: NAHB/Wells Fargo Homebuilder Ratings: December 2012 [View article]