by CalculatedRisk As everyone knows, S&P issued a “negative outlook” on U.S. debt this morning. Although S&P has made plenty of recent rating mistakes, this is a reminder that there is work to do in the U.S. Here is the approach an effective manager would take to analyzing the deficit. The first step would be to divide up the...

by Tyler Durden As S&P noted in its downgrade, and made all too explicit during the follow up call, the rating agency has now started a two year timer on the administration and the legislative branch to come up with not only a fiscal solution, but a credible solution by the end of 2012. Yet as Reuters points out, the “S&P’s action...

by Karl Denninger Uh oh….. S&P has maintained the US rating at “AAA” but cut the outlook to negative. Um, about those nasty facts I’ve been writing on the for the last four or so years…… Last week I revised the Tickercon condition to “2″ from “3″ on Obama’s speech in which he basically...

So far in 2011 the equities market has made some sizable whip saw type moves that even veteran traders have had difficulty being on the right side of the price action. The year started out with equities being very overbought and extended making is virtually impossible for a low risk trader to buy on pullbacks. This was primarily due to the fact that...

Fallond Picks The weekly view of the markets remains bullish enough, helped in large part by the successful defense of the breakout in the Nasdaq 100. Selling volume has also been light. While many indices remain stuck under resistance, there are still broad bullish channels at work. The opportunity for bulls to flex their muscles will come when...

No More! The crap rolls out your mouth again Haven’t changed, your brain is still gelatin Little whispers circle around your head Why don’t you worry about yourself instead! Who are you? Where ya been? Where ya from? Gossip burning on the tip of your tongue You lie so much you believe yourself Judge not l’est ye be judged yourself. “Holier Than...

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Fallond Picks It was a reasonably good day for markets Thursday. Buyers were able to defend 20-day and/or 50-day moving averages, in some cases with higher volume. The S&P finished with a bullish hammer on its 20-day MA, although the lack of oversold stochastics weakens the reversal potential of this candlestick. The low of the day almost back...

From GoldCore-H/T Zero Hedge Gold and Silver Reach New Record Nominal Highs – Little Coverage, Bearish and Superficial Analysis Gold and silver have reached new all time and 31 year record highs in trading in London this morning. Silver is particularly strong and the euro particularly week on sovereign debt contagion concerns. Inflation and sovereign...

Fallond Picks It wasn’t surprising to see buyers step in at key 20-day and 50-day moving averages yesterday. Although light volume reflected a truer lack of buyer enthusiasm. The S&P finished on an indecisive doji, backed by a MACD ‘sell’ trigger. ($SPX) via StockCharts.com Real-Time ETF Trading Alerts: Click Here The Nasdaq...

by Karl Denninger The Producer Price Index for finished goods rose 0.7 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This advance followed a 1.6-percent increase in February and a 0.8-percent gain in January. At the earlier stages of processing, prices received by manufacturers of intermediate goods climbed...

Tim Iacono In addition to the remarkable similarity in the multi-year trend in confidence on the economy for President George W. Bush and President Barack Obama – they both start out well above two-thirds and then quickly tumble from there – the other interesting takeaway from the latest Gallup poll is this similar survey for Congress. While controlling...

From the desk of John Thomas The Mad Hedge Fund Trader Thursday, April 14, 2010 The Mad Hedge Fund Trader’s April 28 Phoenix Luncheon. Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in Phoenix, Arizona on Thursday, April 28, 2011. A three course...

MarketClub Afternoon Update….. Washington’s dirty little secret they don’t want you to know about LINK HERE Take a Risk FREE trial of MarketClub – Click Here!

Tim Iacono While Americans may be complaining about rising gasoline prices and expressing their growing displeasure via plummeting consumer  confidence surveys, they’ve not stopped spending money as the Commerce Department reported(.pdf) that retail sales rose for the ninth straight month in March, up 0.4 percent after an increase of 1.1 percent...