Tim Iacono Another online poll, this one at The Huffington Post, confirms that a lot of people have exited the stock market lately. This comes after yesterday’s widely read story in the Wall Street Journal that detailed how small investors have lost faith, many of them for good. HuffPo gives gloomster-in-chief Bob Prechter even more ink after...

by Tyler Durden No notable news yet except for a bit in the WSJ that a seismic run testing the integrity of the well is currently in progress, and if it is found that the pressure in the well is too low, then BP may have to change its well capping strategy. If anyone has heard any other material news, please chime in. The other news seen is this...

Occasionally, The Market Guardian will post great technical charts and analysis from the guys over at MarketClub. They’ve just informed us that they’re giving away their premium content absolutely FREE for a short period of time.  So, here’s a FREE 2 week trial to MarketClub for those interested. Through the freebies you’ll...

Gold Scents In my last article Bear’s Beware I warned that shorts were running the risk of getting caught in an explosive rally as the intermediate cycle was due to bottom. Well, it did bottom and bears have watched their profits quickly evaporate as the market has surged out of the intermediate cycle low. The initial thrust out of one of...

While many people spend time yearning for the financial markets to turn back up, a rare few have looked back in time to compare historical markets with the current situation – and then delivered a clear-eyed view of the future informed by knowledge of the past. One who has is...

Courtesy of Tyler Durden Up until recently, any debate between proponents and opponents of High Frequency Trading would typically be represented by heated debates of high conviction on either side, with discussions rapidly deteriorating into ad hominem attacks and the producer screaming ‘cut to commercial’ to prevent fistfights. Luckily, all...

Karl Denninger Be prepared for a new round of “tanks in the streets if you don’t cut that crap out!“ The Federal Housing Finance Agency on Monday said it had issued 64 subpoenas to unnamed firms in an effort to uncover misleading statements that Wall Street banks and others may have made when they bought and packaged risky mortgages...

Vincent Fernando of The Money Game After the sharp rebound in earnings experienced since March 2009, the Q2 earnings season we’re now entering is set to show earnings growth slow substantially. Expect far fewer companies beating earnings estimates, and raising their future earnings guidance, even if earnings won’t be a disaster either: Citi: The...

The Market Ticker Yes, Senior Citizens, wake up: Paul Krugman, along with the other sycophants echoing his views, are trying to kill you. Is that too strong a charge? No. Listen to Paul opine: What should it be doing? Conventional monetary policy, in which the Fed drives down short-term interest rates by buying short-term U.S. government debt,...

Courtesy of Michael Panzner at Financial Armageddon Morgan Stanley’s Stephen Roach is the featured guest on the Wall Street Journal’s Big Interview, and unlike many of his peers, he relies on facts rather than fantasy in formulating his economic outlook. Given what you and I already know about the reality on the ground, it’s no surprise...

CalculatedRisk Here is the Weekly Summary and a Look Ahead (it will be a busy week). And some more on bank debt coming due (yesterday the WSJ has a brief article on this) … From Jack Ewing at the NY Times: Crisis Awaits World’s Banks as Trillions Come Due Banks worldwide owe nearly $5 trillion to bondholders and other creditors that ...

Last week we saw stocks move sharply higher as traders started to cover their short position which added fuel to an already oversold market ready to bounce. Overall volume was not that strong on the move up which is a bearish sign. On Friday afternoon we saw the SP500 continue to move into the $1075 resistance level on very light volume. This indicates...

Tim Iacono Morgan Stanley’s former Asia chief Stephen Roach stopped by to talk to the Kelly Evans of the Wall Street Journal the other day, on his way to a new teaching stint at Yale. Roach puts the odds of a double-dip recession at 40 percent and says he wouldn’t have voted for Ben Bernanke as Fed chairman since he’s always condoned asset...

H/T Zero Hedge Brandon Rowley over at Wall Street Cheat Sheet has penned a post conveniently summarizing some of the most critical market structure trends that we have been highlighting for the past year. In a market that is increasingly computerized, the only key benefit presented by the pro-algo lobby has been that liquidity has increased. And...

By David Galland, Managing Editor, The Casey Report This morning I read an interesting story in Soundings magazine. It recounted the final voyage of the S.S. Morro Castle, purportedly one of the safest ships afloat back in 1934 when it regularly transported revelers on junkets between New York and Havana. Then, on the night of September 8, a...