Filed in: Market News
Filed in: Market News
Vincent Fernando of Money Game
Morgan Stanley thinks that it is impossible for the U.S. to successfully inflate itself out of its debt problem, even if it wants to, because three key hurdles are preventing it:
Even stealth inflation would push up treasury yields.
Nearly half of government spending outlays are linked to inflation.
The Fed is unlikely...
Filed in: Market News
Courtesy of Joe Weisenthal at Clusterstock
Here’s some more color on this morning’s weak consumer confidence data courtesy of our friends at Waverly Advisors.
As you can see, it’s the 55+ over set losing hope the fastest while youth are on the rebound. The problem is that the 55+ are the most likely to make big-ticket purchases that are crucial...
Filed in: Market News
By Vedran Vuk, Casey Research
Ben Bernanke has got to be laughing it up after being reappointed to another term as Federal Reserve chairman. What else could we expect from the ex-lawyers and lifetime Beltway bandits voting on global monetary policy?
As he starts his second term, I’m once again reminded about how supremely unqualified this man is for...
Filed in: Market News
Highchartpatterns
We wrote a while back that on next dip we’d focus more on tech and less on commodities. Well, we’re here now and here is what we’re watching:
We wrote last night to watch the 20/100 SMA on AAPL as a tell — today it cratered through. Technically nothing to do here in this stock in no-mans-land and we’ll...
Filed in: Market News
Submitted by Nic Lenoir of ICAP
Game plan has been to play long in Gold since 1,063. However we advised taking chips off the table partially at 1,125 as the market has not validate a break-out with a daily close. We have pulled back on the 1,097/1,100 support zone today, we would be cautious here. If we break lower the market will drop to 1,076 (61.8%...
Filed in: Gold
CalculatedRisk
The FDIC released the Q4 Quarterly Banking Profile today. The FDIC listed 702 banks with $403 billion in assets as “problem” banks in Q4, up from 552 banks with $346 billion in assets in Q3, and 252 and $159.4 billion in assets in Q4 2008.
Note: Not all problem banks will fail – and not all failures will be from the problem...
Filed in: Market News
Courtesy of Joe Weisenthal at Clusterstock/Business Insider
It’s a good thing Wall Street bonuses rebounded in 2009 because otherwise the State of New York would be totally screwed.
Yesterday the Comptroller released its survey of the state’s sales tax receipts — a proxy for consumer spending that shows a trend opposite to Wall Street.
Here’s...
Filed in: Market News
Scott Redler of T3Live
Today on The Morning Call I reviewd buy levels for the pull-in, as well as a short setup in China Agritech (CAGC). I have been talking about the fact that several charts looked very extended. This often provides good risk/reward short entries. Take a look at my chart of CAGC to see one such illustration:
Every morning on T3Live...
Filed in: Market News
If we can’t hold the 1096 area I think we have a great chance at seeing 1085.
Filed in: Market News
Late in 2009 a lot of folks began asking us about buying silver instead of gold. At the time, we stated exactly how we felt, in that, why would you try to buy something that is not in the same league as gold? The two markets are completely different and are driven by a different set of emotions and fundamentals.
This is the first video that Adam has...
Filed in: Market Videos
The Mess That Greenspan Made
The server at Standard and Poors appears to be overloaded, so, without the entire S&P Case Shiller Home Price Index report for the month of December, the best that can be done here is to take the two conflicting headlines you may now be reading and update the chart below.
Note: The chart above is animated – if...
Filed in: Market News
Courtesy of Karl Denninger at The Market Ticker
Heh, Bloomberg is blowing a whistle!
A potentially more important development slipped by with less notice, Bloomberg Markets reports in its April issue. Representative Darrell Issa, the ranking Republican on the House Committee on Oversight and Government Reform, placed into the hearing record a five-page...
Filed in: Market News
The market continues to be overbought and it will be important to see whether we see across the board short opportunities or we simply rest to digest the recent bounce. The financials saw a nice bounce during the day yesterday before pulling back. The futures are down slightly this morning in these conditions, and honestly its hard to be aggressive...
Filed in: Market News



