November Non-Farm Payroll Report – It’s Alive!

Posted on December 5, 2009 at 9:16 am

Courtesy of Jesse’s Café Américain It’s Alive! Well, Ben at least made the frog jump in response to repeated jolts of the dollar electric. As you may have already heard, the US Non-Farm Payrolls Report for November came in better than expected with a loss of only 11,000 jobs, as compared to expectations of a loss of 111,000. And on cue, right after the Jobs Summit. The One is in Pennsylvan Read More...

A Major Market Leader Falters… AAPL

Posted on December 4, 2009 at 7:39 pm

One of the big success stories in 2009 was the rise of Apple. With its sexy new products like the iPhone, the iPod, and the iMac, Apple has seen its fortunes rise in dramatic fashion. So what’s happening just before the holidays with Apple? Why are we seeing Apple stutter and falter? In my new video, I share with you what I believe is going to happen to one of my favorite markets. I will also sh Read More...

Diary of a Mad Hedge Fund Trader

Posted on December 4, 2009 at 7:28 pm

Mad Hedge Fund Trader Featured Trades: (SILVER), (GOLD), (ABX), (CDE), (SLW), (HL), (HEDGE FUND RADIO), (JAPAN) 1) Those transfixed by gold blasting through the $1,200 level have been missing the real action in silver. The white metal has soared 86% to $19.50 since the beginning of the year, compared to a more modest 56% move for the barbaric relic, an outperformance of almost two to one. I have Read More...

The Day You Declare Your Financial Independence

Posted on December 4, 2009 at 7:07 pm

Dear Investor, My friend Chris Rowe is about to hook a small group of TMG readers up BIG TIME. His trading course – all 8 DVDs and all 500+ pages of it - has rarely been offered to anybody outside of his current subscribers. As a matter of fact, it’s been off the market for months so he could walk his current students through everything personally. But yours truly begged, pleaded, and Read More...

The Future of America’s Natural Gas

Posted on December 4, 2009 at 6:53 pm

By Dr. Marc Bustin, Editor, Casey Energy Opportunities Marc Bustin Ph.D., F RSC, is the senior researcher for unconventional oil and gas for Casey Research. Considered to be one of the top authorities in the world, Marc is the go-to expert for multinational oil and gas conglomerates, and is brought in to help evaluate finds around the world. Marc has reviewed more projects on his own than so Read More...

If You Think the Past Decade Was Bad For Stocks, Wait Till You See This

Posted on December 4, 2009 at 6:46 pm

By Robert Folsom A well-known business magazine recently published a story with this headline: Stocks: The “Loss” Decade A disastrous ten years for the stock market ends in just a month. Will the turning of a new decade change investors’ luck? One sentence from the story itself tells you most of what you need to know: “The ten years since Y2K are on track Read More...

Market Update

Posted on December 4, 2009 at 5:25 pm

CalculatedRisk While we wait for the FDIC … a couple of market graphs: Click on graph for larger image in new window. The first graph shows the S&P 500 since 1990. The dashed line is the closing price today. The S&P 500 was first at this level in April 1998; about 11 1/2 years ago. The S&P 500 is up 63% from the bottom (429 points), and still off 29% from the peak (459 points Read More...

New $170 Billion Stimulus Package On Deck

Posted on December 4, 2009 at 1:07 pm

Zero Hedge The economy is so hot, that democrats in Congress are now moving with yet another stimulus package, this one for $170 billion, targeting bankrupt states and formerly surging unemployment (Obama has some TV appearances today; the BLS will be back to its previously scheduled job collapse next month). In other news, Japan did approximately 10 such small scale bailouts even as its market p Read More...

Jobs Contract 23rd Straight Month; Unemployment Rate Drop to 10.0%

Posted on December 4, 2009 at 10:50 am

MISH This morning, the Bureau of Labor Statistics (BLS) released the November Employment Report. The unemployment rate edged down to 10.0 percent in November, and nonfarm payroll employment was essentially unchanged (-11,000), the U.S. Bureau of Labor Statistics reported today. In the prior 3 months, payroll job losses had averaged 135,000 a month. In November, employment fell in construction, man Read More...

Are the Job Numbers Cooked?

Posted on December 4, 2009 at 10:25 am

Scott Redler of T3Live.com At this point–WHO CARES–the numbers and the fix have been in all year. Yesterday the market failed when the banks could not hold the big gap up. We definitely saw some technical damage. Lots of shorts are trapped again as there was a slip that the unemployment rate would be worse than expected–what a surprise, it was better! This is not too different Read More...

We’ve Still Got A LONG Way To Go On Jobs

Posted on December 4, 2009 at 10:21 am

Vincent Fernando of Money Game As shown by Calculated Risk below, despite today’s positive jobs data, we still have a very long way to go until unemployment returns to normal levels. Yet this can be read in a positive light as well — we still have much room for improvement when it comes to market expectations. The chart shows how the expectations hurdle has been set extremely low. Calc Read More...

Gartman: Watch Out, Goldman Sachs And Apple Are Bucking The Uptrend (GS, AAPL)

Posted on December 4, 2009 at 9:15 am

Analyst Dennis Gartman addresses the recent problems of Goldman Sachs (GS) and Apple’s (AAPL) declining stock prices: The Gartman Letter: We note that two of the real leaders of the US markets to the upside in recent months… Apple and Goldman Sachs… have turned quietly for the worse in recent days. Actually, in Goldman’s case, this turn-for-the- worse has developed over recent weeks, Read More...

And Fed Fund Futures Awake

Posted on December 4, 2009 at 9:08 am

Zero Hedge points out a major move in Fed Fund futures today, with the implied probability of a rate hike to 1.25% by November 2010 nearly doubling to 14% from 8.1%. In fact major move to the right across the spectrum, as expected Fund rates at 1% or higher surging by over 50% and now coming it at 45.4% compared to 31% as recently as yesterday. The inflation hawks case just got stronger by about 5 Read More...

Great News: Unemployment Just 10.0%

Posted on December 4, 2009 at 7:33 am

Analysts were looking for unemployment to hold steady at 10.2%, so this is way better than expected. And job losses were expected at -125,000, but the economy only shed 11,000. This is a SUPER number. Read More...

Employment Report Forecasts

Posted on December 4, 2009 at 7:10 am

From CNBC: Look Ahead: Jobs Report Has Markets on Edge Economists expect November’s decline in non farm payrolls to come in at about 125,000, and unemployment is expected to hold steady at 10.2 percent. … Bill Stone, chief investment strategist at PNC Wealth Management … said PNC expects job losses of 150,000 for November. From MarketWatch: Another 100,000 jobs lost, economists Read More...