Archive for August, 2007

Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
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The rout in the financial and real estate related job arena is on. Stories are making the rounds that Pig Men of various stripes will move after Labor Day to slash head counts significantly. This follows on the heals of the collapse of a number of mortgage outfits in August. Housing finance support companies...
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First it was the subprime people. Then it was the Alt-A people. Now it is conforming loan people. A broad cross-section of these loans come from real estate “investors,” people who have no intention of occupying the house in question.
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The market is in churn ‘em and burn ‘em mode, changing direction repeatedly from day to day and intraday. Such activity is not unusual in an intermediate bottom phase whether the overarching trend is bull or bear. The difference is in what happens as the cycle begins to emerge from its trough. In a...
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Looks like the SPX is painting a “Heinz 57″ pattern. The 1427-1484 range is now the “New Entertainment Zone”—a price range where the Pigmen™ can crank and shank without signifying the next move up or down. This is a 57-point range. Also note that the distance between 1484 and 1541 is also 57 points. The...
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The Fed cut a net of $250 million from the liquidity pool on Thursday with a 6 day repo of $5 billion and a 14 day repo of $5 billion against $10.25 billion in expirations. That makes a 5 day net add of $6.25 billion. That’s still a long way from the $47 billion...
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Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
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Some months ago, a bunch of us had a ball over skyrocketing pork prices in China. Things aren’t so funny now as China starts to lose control of its economy.
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US commentators, spin-meisters, politicians and corporatists are turning up the chorus calling for the tired old Keynesian formula of slashing interest rates to “cure” Ponzi unit problems. This is to be expected, and Wednesday’s trading showed unbridled, unquestioning belief in this wizardry. The problem is that instead of supporting Ponzi units, traders piled...
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I posted some charts on the internet index last week, showing how it (IIX) finally made it back to the neckline of the 99/00 bubble in July after a five-year rally. Not all that different from the SPX finally making it back to its old ATH after a five-year journey. In looking at this IIX...
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In a wild roller coaster of a ride, the market plunged on Tuesday, and then zoomed higher on Wednesday to recover most of the loss. The action is consistent with a thin, illiquid market where players on both the long and the short side are taking turns in forced liquidation mode. Click here...
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The Fed added a net of $3.25 billion to the market on Wednesday with an overnight repo of $5.25 billion against $2 billion in expirations. That makes a net add of $14.75 billion over the last three days and a $9.75 billion 5 day net add. Click here to download complete...
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The average American is prospering, really. Fewer people are poor as long as they don’t eat, drive, or need basic human services.
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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....
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Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
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New one on one Lee Adler, Russ Winter podcast is available, centering around the current myth of central bank ease, and the stock market set up. Additional data on the ECB is here. There was a big bulge in ECB assets the week of August 10th, but it is now largely gone. July 27: 1,212,584 August 3:...
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Krammer is screaming for a rate cut. Bill Gross is screaming for a rate cut to save his wrong-way mortgage bets. Jim Sinclair is screaming for a rate cut so his beloved goldies will ramp to the moon. Pretty sickening display. CNBC had a used car salesman on today who was screaming for a rate...
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Groaning under the weight of huge Treasury supply and continued liquidation pressure driven by the collapse of the Asset Backed Commercial Paper market, the stock market fell sharply on Tuesday. The drop came from the top of a well defined downtrend channel, suggesting that the downtrend that began in July is still very much...
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The Fed added a net of only $2 billion to the market on Tuesday with an overnight repo of that amount against no expirations. That makes a net add of $11.5 billion over the last two days, but that’s a long way from the $47 billion in net new money for which the Treasury...
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Lee Adler, Russ Winter, and Aaron Krowne talk about the implications of the Fed’s actions this week. Not a subscriber yet? Click here to listen to a free preview. Subscribers only. Enter your login when prompted. Please wait for file to load. For faster startup we recommend the Firefox browser. To subscribe,...
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It’s been awhile since I surveyed the housing market, but it seems apparent we are at an inflection point. And it’s not really about psychology either as there may still plenty of clueless Sheeple out there willing to buy. But can they: a large percentage of whatever buyers are left, can’t get a...
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Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
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The wolves encircle the prey, ready to tear it apart. There are Wall Street wolves, political wolves, homeowner wolves, and media wolves. In the center is Ben Shalom Bernanke, all alone and holed up in… Jackson Hole appropriately.
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The stock market stalled at a key resistance line on Monday and short term cyclicality is now entering a less favorable period. The Treasury unleashing a tidal wave of new paper sucking $47 billion in cash from the market this week certainly won’t help.  Click here to download complete report in pdf format...
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The Treasury will be hitting the market for $47 billion in net new money this week. Unless the Fed steps up big, and FCBs return to heavy buying of Treasuries, this should pressure the market.  Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
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You heard me right. Central economic planners are doing everything short of lowering their primary short-term rate and pumping permanent liquidity in the system, but they’re in crisis mode as the recent events in Germany show.
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Since we’re on the “Rhyming with 1998″ theme, what else happened in 1998 that was noteworthy? For those with fuzzy memories, recall that October 1998 was the launch of the dotcom bubble. I remember it well. Though I had launched a new business in early 1998 aimed at taking advantage of the dotcom dollars starting...
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Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for...
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Although the mainstream media and cognoscenti seem to be highly focused on the prospect for loose money bail outs of the financial system, the actual strategies being employed by the Wizards of Oz are all together different. The question of “loose money” was addressed by my colleague Lee Adler in this post. I will...
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If the asset backed commercial paper market ceases to function, what are those lucky CP holders who actually get their cash back at maturity going to do with it? We’ve already seen them pushing T-bill rates down sharply. But guess where else they’re going? Yep. The stock market. Stocks still appear to be readily...
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