Part of S&P’s Decision on Italy is Lower Growth Due to Austerity
Main Street More Pessimistic Than Wall Street
Roubini: Greece Should Default and Quit Euro
Roubini feels that Greece is getting ripped off. He must have watched the Documentary Debtocracy.
Comments »U.S. Ambassador To China Requests Trade Barriers to Be Lowered
“China must lower barrier if it wants to achieve it growth goals”…..China must be laughing at this request no ?
Comments »U.S. Treasury Notes Falls Confirming Momentary Strength in Equities
Japanese Bond Yields Get Shoved Into a Murder Hole; Spelling Recession to Come
Japanese bond yields have fallen sharply as of late which some analyst say is a clear sign recession is coming.
Comments »George Papandreou: Productive Phone Calls Continue
Reports of productive phone calls started yesterday and continuing today have held world equity markets up in anticipation Greece will not default shortly.
Comments »Austerity Measures Brings More Strikes to Spain
Madrid saw strikes from teachers protesting over austerity measures. About 43% of all teachers walked out; strike may foreshadow what is to come.
Comments »Clam Speculation; Preview To The Fed Meeting
ETFs Are Being Called the New CDOs
Personally i like ’em. Especially triple leverage. Just remember trading momentum vehicles.
Comments »Hugh Hendry’s Fund is +40% in 2011
Lunch Break: S&P Double Top
Last weeks rally was a hopeful run. Everyone on the planet expected some sort of plan from Europe regarding Greece and the rest of the PIIGS. Geithner attended some meetings with finance ministers, but has largely been downplayed as a nobody given our fiscal problems and being the creators of the global slump.
The S&P has made what appears to be a double top around the 1220 level.
Now the world is waiting on the clam to save the world, but despite a 65-70
% expectation that the clam will do operation twist many are left wondering if the clam will bow to the market’s desire and or if it will actually have any real effect.
One good thing about last weeks rally is that the 30 day moving average seems to be flattening out.
Look for some support @1176 S&P,
but do not rely upon this level as real support is 1145.
Looking at a longer term chart it appears that the markets will find strong support at the 1145 level, but there is a chance that this is just the beginning of a meaningful down turn. Structurally speaking the longer term chart puts us in near oversold territory. That of course can change if problems persist.
Given the Geithner rejection, assumption among many that QE2 failed, living with zombie banks, a weak consumer appearing to get weaker, a potential Greek default, confusion on how to solve problems; well let’s say i’ll refer to Albert Barlet: “The greatest shortcoming of the human race is our inability to understand the exponential function.”
Still keeping most of my powder dry for the shopping list. Trading is the only option here.
[youtube:http://www.youtube.com/watch?v=PANEcjhSfv4&feature=related 450 300] Comments »
Tokyo May Have to Be Evacuated From Fukushima Fallout
[youtube:http://www.youtube.com/watch?feature=player_embedded&v=IBkrIgJUWLk 450 300]
Comments »Will All Cash transactions Help The Housing Market ?
SEC Proposes Banks Can Not Take Positions Against Clients For One Year
How about not go against your clients ever. If the entity does then it should be a separate corporation in separate locations as to avoid the breaking of the Chinese wall….
Comments »A Look at Small Business and Employment
Problems for small biz are not atypical. Much more needs to be done to get people hired in the U.S.
Maybe that’s why family business does so well.
Comments »A New Twist in The Solyndra Debacle
Hedge Fund Manager Tony Hall Says Take Stock in Commodities
Hall thinks there is a chance of $2200 gold by years end and that other commodities will do well overall.
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