Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
Read More »
Radio Free Wall Street
Monthly Archives: June 2007
Pulp Fiction and Dead Spartans at Thermopylae
The latest in a long line of Milky Way tricks can only be called the “our shit doesn’t stink” gambit. This facade pretends and claims that there is not a universal problem with Ponzi finance, but instead it’s mostly about a “few bad eggs”, or “second rate” management. James Cramer writing...
Read More »
Taking A Little Off- WSE Pro
The Fed took just a little off the table Friday, pulling a half billion in cash from the market with $3.25 billion in weekend repos against $3.25 billion in expirations. The 5 day net rose to a net add of $10.25 billion reversing a couple of weeks of tightness. The SOMA line remains well...
Read More »
Phony Facades
I lead off linking readers to a comprehensive piece from Bloomberg on the failure of the rating agencies to take appropriate action. It is also a great synopsis of what’s going on in the whole asset backed securities phony facade. Would highly recommend reading this one in full.
This next item is a reprint...
Read More »
A Dull Fed Day? – WSE Pro
The market took a breather on an FOMC announcement day. When was the last time that happened? The old saying says to never short a dull market, but it’s a bit surprising that the market couldn’t do more with a $5 billion Fed add to the liquidity pool via open market operations—again, a rarity...
Read More »
Like Clockwork – WSE Pro
Total assets in the SOMA have now turned back up from the bottom of the long term 5% growth channel. That’s where the Fed normally begins pumping and they aren’t disappointing us. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If,...
Read More »
WSE Pro Bellwethers Update 6/28/07
The charts show the status of 22 large cap bellwether stocks in a representative sampling of leading industry groups. The charts include 13-week cycle centered moving average projections. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you...
Read More »
China’s Massive Reverse Coupon Pass
China in my view has finally made a decisive move to sterilize the massive USD trade inflows. If I understand this story correctly, last night they announced plans to sell $200 billion in Yuan bonds to soak up liquidity from the domestic system. Picture this as similar to a reverse coupon pass or open...
Read More »
Failsafe Line Holds – WSE Pro
The market came down to and through key support lines in the opening minutes on Wednesday. But after a brief stop running exercise, the recovery began and the market closed well above the failsafe line of 1485. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk...
Read More »
Fed Set To Ramp – WSE Pro
Total assets in the SOMA have now edged back above the bottom of the long term 5% growth channel. This is where the Fed normally begins pumping. So far, the response has been restrained, which is not unusual during the week of a Fed meeting. Click here to download complete report in pdf format...
Read More »
WSE Pro Dollar Index and Bond Yields Update 6/27/07
Latest cycle conditions and projections for the US Dollar Index and 10 Year Treasury Yield. Click links to download report in pdf format. (WSE Pro subscribers only). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s...
Read More »
Six-Inch Hooker Heels
Bill Gross, the largest domestic bond manager doesn’t sound too impressed with the credit agencies. No, not exactly a vote of confidence when he commented in his latest. So it’s not just those of us on the bearish “fringes” who are sounding out on this one now. And some how I suspect in...
Read More »
Market At Critical Support, Now We Wait – WSE Pro
The market made another in a series of lower highs after another failed rally attempt that was stopped cold at key resistance. The Fed now has a two day meeting, and if past history is any guide, now we wait as the market marks time waiting for the Fed’s announcement at 2:15 PM Thursday....
Read More »
Fed Responds At Proven Limits – WSE Pro
The Fed added another $3.25 billion in cash to the market on Tuesday with $10.5 billion in overnight repos against $7.25 billion in expirations, bringing the 5 day net to a net add of $3.75 billion. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free...
Read More »
Wall Street Examiner Podcasts
Part 2 of chat with Lee Wheeler recorded 6/25/07. Lee talks about stock prices, sentiment, real estate and liquidity. Click here to listen.
Lee Wheeler expounds on his technical trading methods, and why he thinks this may be the most important juncture in the market in 5 years. Click here to listen. Recorded 6/25/07.
Read More »
Yen Spin?
Japan reported some warm service inflation last night. Once again the numbers seem strangely counter-intuitive, but all the same suggests that they may be serious enough that only a half Orwellian approach can be used now.
June 26 (Bloomberg) – Japanese corporate service prices rose at the fastest pace in more than nine years in...
Read More »
Bears Get Game – WSE Pro
The bulls tried and failed to get anything going on Monday, leaving the bears in control at the end of the day as the market averages fell back to a test of the early June lows. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free...
Read More »
Fed Toes The Line – WSE Pro
The Fed added $3.25 billion in cash to the market on Monday with $7.25 billion in overnight repos against $4 billion in expirations, bringing the 5 day net to a net drain of $1 billion. Treasury paydowns end this week with $11 billion in paydowns in short term bills offset by that amount of...
Read More »
Schwarzman, Kozlowski – Brass Stones
The two Blackstone principals, Schwarzman and Peterson, are like a “good cop, bad cop” tandem.
Peterson was the former Commerce Secy, well-respected and a sort of eminence grise in the financial community. He wrote a well-received book a few years ago pointing out that the U.S. was heading down the wrong road with ballooning deficits...
Read More »
Existing Home Sales Flat In May
The following is taken verbatim from the National Association of Realtors press release today. I have read between the lines and translated the press release for the benefit of anyone who might be tempted to take the Realtors words at face value. May Existing- Home Sales Show Market is Under Performing WASHINGTON, June 25,...
Read More »
Credit Agencies Start to Get Heads Out Of Asses
With the collapse of Bear Stearn’s CDO hedge funds it seems the credit agencies have at last sent out late word that downgrades in mortgage structured finance are in order. Of course this has the potential for unraveling the whole mark to model edifice in one swoop . One credit agency, Fitch has been...
Read More »
Housing Set For Death Plunge – WSE Pro
The story is the same one that I have been chronicling since the tea leaves first clearly signaled the endgame unfolding in US housing back in 2004 and 2005. Since then it has been slowly but surely downhill. While all real estate is local, since all local markets have been largely homogenized by securitization,...
Read More »
FCBs Buying Equities- How Bullish?
The Financial Times is reporting that Asian Central Banks, in seeking to diversify out of Treasuries, are beginning to “dabble in equities.” At first blush this would seem to be an incredibly bullish development for the long term outlook for stock prices. Here we have investors with bottomless pockets, and a seemingly endless supply...
Read More »
Wheels Fall Off – WSE Pro
The wheels fell off on Friday. Short term up phases aborted early, and the 13 week cycle suddenly doesn’t seem able to find its footing for a bottom. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you...
Read More »
How Will Generational Transfers Affect Market’s Future?
A poster over at Capitalstool.com posed some interesting questions on the nature of how generational demographic changes might affect the markets, which in turn got me to thinking about the aspects of these issues to which most investors probably give little thought. They involve a theme I have touched on recently, that is, how...
Read More »
Is B.S. Bernanke Changing Game – WSE Pro
Total assets in the SOMA have now edged below the bottom of the long term 5% growth channel. Over the past 6 months SOMA assets are flat and based on the trendline connecting lows since October 2004, it’s beginning to look like the Fed may have lowered the target growth rate of the SOMA...
Read More »
Copyright © 2012 The Wall Street Examiner. All Rights Reserved.
Magazine Premium created by Themes by bavotasan.com.
Magazine Premium created by Themes by bavotasan.com.
Recent Comments