True or False: The “real” Dow Jones Industrial Average has rallied more than 80% from a March 2009 low, to stand at its highest level in three years? That depends on whom you ask. According to the mainstream experts, the answer is clearly YES. For many in this camp, the Dow’s upsurge is a very “real” start of a new bull market. There’s...

By Phil at Phil’s Stock World One step in hitting our goals for 2011 is BEING CAREFUL WITH OUR ENTRIES!  As noted in last week’s Stock World Weekly, we have been rolling along this month right in line with the TradeBot’s Alpha 2 pattern that they ran last year and Elliot sent me an advanced copy of this week’s newsletter where he...

The spot price of Uranium as reported by UXC.com, just hit $68/lb. It is up nearly 70% since June, but remains only half the level of its peak back in 2008. In the early phase of the commodity bull market, Uranium ran from $7/lb to $140/lb. Interest in uranium and the uranium stocks is picking up after a nearly 3-year long bear market....

by Karl Denninger The market, thus far, doesn’t seem to care much…. Fourth-Quarter Net Loss of $1.2 Billion, or $0.16 per Diluted Share, Includes Goodwill Impairment Charge of $2.0 Billion Excluding Goodwill Impairment Charge, Fourth-Quarter Net Income Was $756 Million, or $0.04 per Diluted Share1 2010 Net Loss of $2.2 Billion, or $0.37...

by Tyler Durden Congratulations to Jeff Immelt – the uberhead of the soon to be former head propaganda financial station has been appointed to chair the White House’s job panel. That said, we wonder just whose leg he had to hump to get that particular job: after all any small business job CEO in America is infinitely more qualified than...

The beatings will continue until YOUR profits improve! Macro Millionaires are up 24% in 7 weeks on the entire trading book, with hot trades that generated up to 178% I’m about to irritate, harangue and annoy you… …but only because I sincerely want you to have the absolute greatest trading success possible. In the last...

by Tyler Durden John Taylor, traditionally one of the most insightful strategists, has released a controversial note looking at the prospect of surging inflation, which he says is not much of an issue, “because the global economy is suffering from excess manufacturing capacity and a deficit of consumption, history tells us there is little chance...

Tim Iacono The National Association of Realtors reported that existing home sales surged last month, up 12.3 percent from an annual rate of 4.7 million in November to 5.28 million in December. Rising mortgage rates that have spurred some fence-sitters to take action and seasonal factors during what is a slow time of the year are surely involved in...

by Tyler Durden The BLS’ struggle with seasonality continues. After last week Initial Claims were far worse than expected, this time they were due for a flip, and as expected, came in better than expected, printing at 404K on expectations of 420K, compared to a revised 441K. The Non-seasonally adjusted claims declined from 763,098 to 550,594....

Today the stock market bled out with a river of red candles. All of the recent gains vanished in one session. Strong selling volume sessions like this are typically a warning sign that distribution selling is starting to enter the market. Distribution selling is when the big money players start unloading large positions in anticipation of a market top....

In today’s short video I’m going to show you some of the markets that I’m looking at in the energy complex. We’re going to be looking at coal, oil, solar and some other large energy companies and ETF’s. As this is a short video, be sure to check in and watch our webinar this Thursday, January 20th at 4pm EST/9pm GMT. You...

Tim Iacono The Commerce Department reported(.pdf) that housing starts fell 4.3 percent  in December to a seasonally adjusted annual rate of 529,000, and that permits for new construction, a key leading indicator for home builders, jumped 16.7 percent to a nine month high at an annual rate of 635,000, offering a ray of hope for the moribund housing...

I’m sorry I’m late with the letter today, but I am out of breath, having run victory laps all morning. IBM (IBM) reports blowout earnings, and Apple (AAPL) absolutely knocked the cover off the ball. It kind of makes my Cisco Systems(CSCO) options position look pretty good, which has already doubled from my cost. It looks like my friend,...

IBM will report earnings after the closing bell on Tuesday, January 18. For traders maintaining a position in common stock during earnings releases and the frequent price gyrations can result in uncomfortable moments. Earnings releases for the options trader do not force us to take a position in which we mustcorrectly predict the direction of price...

Submitted by Joe Saluzzi of Themis Trading H/T Zero Hedge Biggest bank robbery in history “There are over 300 bank robberies in Boston every year.  And a one-square-mile neighborhood in Boston, called Charlestown, has produced more bank and armored car robbers than anywhere in the U.S.” That line is from the recent movie “The Town” with Ben...