Paul Krugman “Economy poised for surge as most accurate economist see U.S.” reads the Bloomberg headline. So it’s a major disappointment to read what Bloomberg considers a “surge”: 3.5 percent growth in 2010. Um, that’s really subpar for recoveries, let alone recoveries from deep slumps: Read more at Paul Krugman’s blog –>

AC Investor ( click to enlarge ) ADCT had a very bullish move last week breaking several resistance lines with large volume. The stock has broken out of a 4 month downtrend. ADCT has made a transition from down trend to uptrend. The price is currently above the 5 day simple moving average, 10 day simple moving average and 20 day simple moving average...

Another holiday trading extravaganza!!! Last week the market fell into its regular holiday tradition of light volume, as institutions and big traders enjoyed the holidays thus allowing prices to drift higher. We still have one more week of light trading volume before this year and holiday season is officially over. Trading during low volume times is...

Jesse’s Cafe’ Anericain The deterioration of the dollar reserve currency regime is obvious. If we have forecasted correctly, the world will look to some variation of the IMF’s Special Drawing Rights as an eventual replacement for the US dollar. Therefore, the recomposition of the SDR next year will become a lightning rod for the...

MISH Losses continue to mount at Fannie and Freddie where Obama has virtually declared no loss is too big for taxpayers to pay. Please consider U.S. Move to Cover Fannie, Freddie Losses Stirs Controversy. The Obama administration’s decision to cover an unlimited amount of losses at the mortgage-finance giants Fannie Mae and Freddie Mac over the...

CalculatedRisk The key economic report this holiday week is the Case-Shiller house price index for October that will be released on Tuesday. The Case-Shiller index is actually an average for 3 months and the concensus is for further gains, although the house price index from LoanPerformance showed a decline in October. In other economic news, the...

By Phil of Phil’s Stock World “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us,...

Vincent Fernando of Money Game Tobias Levkovich at Citi highlights that, once again, the percentage of companies experiencing upward earnings revisions has spiked. At one point in October, 74% of companies had received higher earnings adjustments from analysts, shown by the blue line below. Yet this has eased back as of late. Citi remains cautiously...

Courtesy of The Pragmatic Capitalist SSRN-id1525762 –

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Courtesy of Phil’s Stock World First of all, what are you doing here? Why it’s Christmas Eve, Mr. Scrooge – Most global markets are having a half day so, if you are waiting for a Santa Clause rally on a half-day’s trading, you are very likely to be disappointed. Remember Marley, who cried: “Business!  Mankind was my business....

Courtesy of The Pragmatic Capitalist The rally is going to continue into 2010 according to Wall Street’s most influential bank   (Please see here for Goldman’s top 10 trades of 2010). Analysts at Goldman Sachs Europe and America have released their full year 2010 estimates and they are very bullish about the upcoming year. Goldman sees very...

It’s been a great year as we head into the final few trading sessions. The past several weeks the indexes have not done much of anything which is why we are now in cash. I feel as though the market is about to change direction abruptly in the coming days or weeks. I feel this way for several reasons: 1. NYSE, Dow Jones, S&P500 are all drifting...

By Susan C. Walker A growing number of people are deciding not to pay their mortgages when the value of the house they purchased falls below the amount of the mortgage they are paying. And they aren’t the only ones who are walking away from bad real estate deals. Bloomberg reported the week of December 14, 2009, that Morgan Stanley has decided...

Vincent Fernando and Kamelia Angelova of Business Insider If 2008 was a year that markets vastly underestimated risk, then 2009 was surely one when markets overestimated it big time. Shown below is the ‘Chicago Board Options Exchange Volatility Index’. aka the VIX. It’s a measure of the implied stock volatility (ie. risk) priced...