Discover The Biggest Threat To Your Money Right Now If inflation is a quiet thief, then deflation is an armed burglar. You wouldn’t invite either into your home, yet chances are that one of the two is stealing your money right now. Elliott Wave International, the world’s largest market forecasting...

Courtesy of Lawrence Delevingne of Business Insider While most world governments have lost money when forced to take direct stakes in banks’ common shares, the U.S. government is actually a big winner. We the taxpayers are up $11 billion on our 34% stake in Citi (C), which is technically the only bank we have a direct stake in: FT: The US authorities...

The NASDAQ 100 closed slightly lower due to light profit taking on Monday but not before posting a new high for the year. Profit taking tempered early session gains and the low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term....

Courtesy of Zero Hedge XLF dropping on relative basis to rest of market on accelerating volume, just in time for a notable flight to 30 Year UST bonds: yields have plunged from 4.42% to 4.29% intraday, a major move from a marginal buyer perspective. Notably, the index and single name put/call ratio has been ramping higher, indicating big players are...

This is a pretty important bit of information from HousingWire. A slower cure rate among delinquent loans erased improvements in the number of loans rolling into delinquency status among US residential mortgage-backed securities (RMBS), according to Fitch Ratings. Cure rates decrease as fewer delinquent loans return to current payment status each...

Remember me? Wall Street repackages debt for sale Wall Street may have discovered a way out from under the bad debt and risky mortgages that have clogged the financial markets. The would-be solution probably sounds familiar: It’s a lot like what got banks in trouble in the first place. … In recent months, banks have been tiptoeing toward...

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Courtesy of  Edward Harrison at Credit Writedowns You have probably noticed a change in tone at Credit Writedowns since about June, but a lot more in the past month or so. Once mildly bullish due to the deeply oversold levels this Spring, I have become increasingly alarmed at the unjustified strength of the recent market rally. My most recent post...

Precious metals like gold and silver appear to be forming a bullish pennant formation, which generally leads to higher prices. Currently the US dollar is hovering around a support level, which is the 76- 79 range. Only time will tell if the US$ breaks down sending gold to new highs in the coming months. Below is a 4 month spot Gold chart You can clearly...

From Bloomberg: Roubini Sees Increasing Risk of Double-Dip Recession Nouriel Roubini … said the chance of a double-dip recession is increasing … The global economy will bottom out in the second half of 2009, Roubini wrote … “There are risks associated with exit strategies from the massive monetary and fiscal easing,” Roubini wrote....

Crude oil was steady to slightly higher overnight as it extends last week’s rally. Stochastics and the RSI are diverging but remain bullish signaling that sideways to higher prices are possible near term. If October extends last week’s rally, June’s high crossing at 75.27 is the next upside target. Closes below last Monday’s...

Courtesy of Phil’s Stock World What a wild ride! To think the S&P 500 was at 666 back in March and here we are, less than 6 months later with the S&P finishing last week at 1,026 (up 54%), just a point off Friday’s high and up at levels we haven’t seen since the first week of October, when we lost 800 points in just 5 days (see 10/3...

Sales of single-family homes increased 7.2% in July from a month earlier to a seasonally adjusted annual rate of 5.24 million units, the National Association of Realtors said Friday. May sales were revised down by 50,000 to 4.72 million units. Sales have been increasing for each of the past three months and existing home sales are now at their highest...

Courtesy of Zero Hedge The good old cash-for-favors system, known as lobbying, is in full swing again, with General Electric valiantly leading the pack of beltway brown-nosers, having spent $7.2 million in Q1 for various lobby purposes. This represents a 60% increase over the $4.5 million spent in Q1 and $1.8 million over Q2 of 2008. Ironically, General...