Is “Co-Movement” an indicator?
http://arxiv.org/PS_cache/arxiv/pdf/1102/1102.2620v1.pdf
This study speculates that when the prices move in one direction, as in a momentum-driven market, then there is real danger of a crash. If this is true, then we are royally screwed as the market has everyone moving in the same direction and just waiting for the “tipping point”.
Comments »Cool AT&T dude now married to hot T-Mobile Chick
Individual Investors return in droves.
Individual investors are pouring fresh capital into the equity market yesterday and today. The reason is surprisingly simple; “The news is so bad that it can only get better, and if the bad news flow slows then logic dictates that the markets will rise. After all, if it goes up on bad news then it must rise on good news. Right?
Seriously. Do you know any “normal person” who is rushing to put his/her money to work in the past week?
Comments »Banks raise dividends in return for Mortgage Givebacks
With a secure trillion dollars stuffed under the mattress and the promise of ZIRP forever, courtesy of the Federal Reserve, banks are now returning pennies of their perfect trading profits to bank investors only. So you must buy a stock where you cannot calculate simple shareholder equity in order to capture a .12 dividend. And for that, the stocks are all up billions in market value.
Comments »G-7 meets and agrees to create one Quadrillion DXY units. Markets soar.
Developing…
Comments »The Show Must Go On…
Iran into Bahrain
Radiation clouds on the horizon
More workers to suffer radiation death
Yen to 15 year highs, in one bar
etc., etc., etc.
G7 pumping
Futures up and climbing
Japan will be “stimulative”
Commodities in short supply
The game must go on no matter what. No guts no glory. Worry? That’s for suckers…
SPX back to 1300
DOW back to 12k
Nasdaq back to 2700
Russell back to 810
Happy St. Patricks Day!
Comments »Sector Carnage has been Significant
The bigger they are, the harder they fall…Hat tip to Bespoke
Comments »URS Corp. (URS)
Gotta fix nuclear plants? URS. Gotta close Nuclear plants? URS.
Book $50
Cash 7.00
Debt .16
12x eps
.4x sales
Price 44.23
PANIC in the Streets of Tokyo?
Worldwide markets are in full-blown panic mode. It has taken a nuclear crisis to act as the straw that breaks the camels back. And I don’t need to list the litany of thing that have gone wrong over the past two months.
The markets inability to trade “normally” (ebb & flow) is going to add to the market vacuum as we should not have been anywhere near pre-creditcrash levels. Because of the unlimited and never-ending bid, the market is totally divorced from anything that resembles reality even before this shit hit the fan. So many trader-types said that they would remain long until the uptrend line brakes. It broke on Friday.
If you are stock or commodity heavy, you will have to stop quickly or “hope” the market comes back like it has so many times. In the meantime, get your buy lists ready. Futures are indicating SPX 1260 and there will almost undoubtedly be a bounce after a sharp drop. But I won’t be doing any real buying until SPX 1200-1230.
Comments »Chop-fest Machete` at Dow 12k and SPX 1300
Silver is moving vertical off today’s low of 34.05 and the DXY’s flight to quality was stopped cold at 77.38. Oil is down about $2 but remains firmly above $101. Ten year Treasury Bond yields were lower but have reversed higher.
Most every market is a chop-fest waiting to bludgon most directional trades. Lucky for traders, the range is very narrow.
Rumors are that QEIII is a lock, but that may just be wishful thinking. At the moment a front row seat is an attractive place to be.
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