Vincent Fernando of Clusterstock The Democrats’ proposal to use part of the $700 billion TARP program as funding for job creation is a brilliant political move. Bloomberg: “Investments that we have in jobs should be paid for by TARP funds,” said Pelosi, a California Democrat. These include helping communities employ police officers, firefighters and teachers and help revive lending to Read More...

AC Investor ( click to enlarge ) As I have been mentioned here over the recent times, Rambus has been under a strong accumulation in the past weeks and today it broke through two major resistance levels. The momentum is back in this stock. The next major resistance level is around $26.41…so a lot more room on the upside. A quick look at the technical chart : 1) Back above the 5 day moving av Read More...

At EWI’s Q&A Message Board, readers ask us dozens of questions daily. Here’s an interesting one that several subscribers have recently asked: “In Bob Prechter’s Elliott Wave Theorist, Short Term Update and elsewhere, you say that market sentiment is very bullish right now, which historically has indicated a market top. Is the sentiment really that bullish? I get a dif Read More...

MISH Inquiring minds are listening to Senator Jim Bunning grill Ben Bernanke over the Fed’s miserable performance under Bernanke. Here is a partial transcript but I recommend playing the 13 minute video in entirety. Alan Greenspan refused to look for bubbles or to do anything other than create them. Likewise it is clear from your statements over the last four years that you failed to spot t Read More...

Zero Hedge points out Shockingly, Bank of America’s ability to pay massive bonuses (i.e. TARP repayment) was not quite the market positive event CNBCOMCAST thought it would be. On the bright side, at least BAC first year analysts will be able to afford their own island in Nakheel’s “The World” artifical archipelago. Read More...

Courtesy of Jesse’s Café Américain Gold bullion is nearing our intermediate price objective for the breakout which we have been following since US$1,020 per ounce. Here is the updated chart. Please note that these chart formations set minimum measuring objectives, but not ‘tops’ as in limits. Trading discipline would suggest taking the initial investment off the table here, but let at le Read More...

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ZERO Hedge And forthwith, the oracle speaks. The much awaited 2010 Commodity Outlook is out. Here is the 2010 summary breakdown: Some commentary: As we start a new decade with the global economy emerging from the worst recession of the post-war era, we expect the commodity supply-side constraints of the past decade to once again reemerge, reinforcing the sustainability of higher long-term commod Read More...

Chairman Dodd, Senator Shelby, and members of the Committee, I thank you for the opportunity to appear before you today. I would also like to express my gratitude to President Obama for nominating me to a second term as Chairman of the Board of Governors of the Federal Reserve System and for his support for a strong and independent Federal Reserve. Finally, I thank my colleagues throughout the Fe Read More...

Watch it live without newly Comcastic interruption here: Fed Chairman Ben Bernanke’s confirmation hearing before the Senate Banking Committee. Here is the CNBC feed. And a live feed from C-SPAN. Prepared Testimony: Confirmation hearing Read More...

Market News International via Bloomberg: H/T Zero Hedge Read More...

Trend TV For FREE As a regular of The Market Guardian, you have been chosen to receive complimentary access to four educational trading videos that focus on Technical Analysis and Trend Trading: VIDEO 1.) Basic Indicators to Analyze Markets VIDEO 2.) Using Predicted High and Predicted Low to Trade Intraday VIDEO 3.) Strategy Trading Using Next Day Predictive Highs and Lows VIDEO 4.) Using “D Read More...

MISH Inquiring minds are looking at a chart of Investors Intelligence courtesy of Bernie Schaeffer. Bearish sentiment is the lowest in two years and I am also told at lows seen only 3 times in the last 25 years. The Street Authority offers an explanation of the Investor’s Intelligence Survey. Each week Investor’s Intelligence surveys approximately 150 market newsletter writers. They t Read More...

AMBAC Fincl: S&P raises Ambac Assurance’s Counterparty Credit Rtg To ‘CC’ Standard & Poor’s Ratings Services said that it raised its counterparty credit and financial enhancement ratings on Ambac Assurance Corp. to ‘CC’ from ‘SD’ (selective default). We also affirmed our ‘CC’ financial strength rating on Ambac and removed the rati Read More...

Henry Blodget of Business Insider Stocks have jumped about 70% from the March lows.  As we’ve noted, they have also blasted past most estimates of fair value, which are generally around 900 on the S&P 500 on a cyclically-adjusted price-earnings ratio (see professor Robert Shiller’s chart below), London economist Andrew Smithers says valuations are even more extreme.  In a recent Read More...