Archive for January, 2008

Market indicators are now flashing a number of signals that tend to confirm that stocks have just passed a significant inflection point. It appears that both the 13 week and 6 month cycle lows are behind us, but there are still a few flies in the ointment. Click here to download complete...
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The Fed dropped another bomb by withdrawing $19.50 billion on Thursday after 4 days of massive liquidity injections. Meanwhile, FCBs are still buying, according to the latest data from the Fed this evening, and the Treasury announced a huge debt paydown next week. Click here to download complete report in pdf format...
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Lee Adler and Aaron Krowne talk about the latest happenings in the financial markets. Not a subscriber? Check back here later today for a free 10 minute preview of this podcast. Subscribers only. Enter your login when prompted. To subscribe and hear this podcast right now, click here! FREE SAMPLE podcast. This lively program from September 12,...
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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 125 basis point January cuts are in the bag, and the moral hazard influenced Riskloves who believe that this is material jammed the markets big. The ongoing challenge for anybody (bulls or bears) who attempts to trade in markets is over-trading (from Adam Smith and Charles Kindleberger). This is a hallmark of all...
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Wall Street is starting to come to grips with financial engineering. After using these non-wealth producing sleight of hand tricks to generate trillions in profits for themselves over the last 15 years, they are starting to realize there is hell to pay.
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The Fed rate cut rally ran into a brick wall of resistance on Wednesday, ending the day lower after initially tacking on strong gains on the heels of the Fed announcement. All of the loss came in the last hour, and the slide continued after hours. The question we now face is whether this...
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Actions always speak louder than words. In eight days, the Federal Reserve cut interest rates by 125 basis points. This is the equivalent of 5 Fed meetings on the way up. Eight days wiped out what took 7 months to build.
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The Fed sent a message this morning that hints at a Fed Funds target cut of 3/8 to ½ point but there may be extenuating circumstances that have nothing to do with rate setting. They did a gigantic net add of $17 billion by injecting $11 billion in 2 day repos and $6...
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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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Following on yesterday’s post on the test of the decoupling theory comes news that major production cutbacks are underway in Japan. I believe the same should be happening in China. Companies plan to reduce output 0.4 percent in January from a month earlier and 2.2 percent in February, the ministry said. The last time companies...
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One of the favorite things we do here at CTB is sense the winds of change. With widening inequality and the onset of a major economic downturn, the suffering sheeple will not take kindly to crooks who make absurd sums of money dishonestly. Even the crooks know it.
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The market is playing hard to get. It doesn’t want to let anybody in on this move, which often turns into a bottle rocket that doesn’t stop until it’s burned out. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days....
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The Fed added liquidity again on Tuesday, a day ahead of the FOMC rate (cut?) announcement. the TAF auction results suggest that the crisis is easing. 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...
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Orange County, California (Santa Ana, Anaheim, Irvine), the Southern California glamour spot next door to LA, was one of the epicenters of the housing bubble, and now its earth shaking collapse. Given its size and market leadership, we look to it as a bellwether indicator.
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Fed rate cutting is a hallmark of bear markets and Fed rate increases go hand in hand with bull markets. This is the opposite of Wall Street’s conventional wisdom, which is often wrong but never in doubt. Yesterday, one of the top trading Stoolies, I_Am_Madness brought up this point over on our message boards...
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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 test of the global decoupling theory is at hand. Demand for Asian products has declined enough, so that now we can determine if China can sustain itself on building vanity projects, and the internal spending of it’s inflation strapped consumers. We have discussed some odd bogus theories over the last couple years at...
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The market’s bounce confirmed a short term up phase on Monday. It is also increasingly likely that an intermediate bottom is beginning to form, but how long it will take to complete the bottom phase and what shape the up phase may take is still a mystery. Click here to download complete...
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The Fed added reserves today as it gets ready for its usual February liquidity surge, but the real driver behind falling interest rates may be money market funds flush with cash, and a shortage of commercial paper, phenomenon likely to prove temporary. Meanwhile, Treasury supply is beginning to explode again, with new paper coming...
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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 stimulus Battle of the Bulge offensive is already bogging down in mud, snow and a hail of bullets and shrapnel. Like every desperate attempt so far at giving artificial life support to fictitious capital, this one is being mowed down by a basic principle of economics called “sound money”, or shaving coins....
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Everyone’s been blasting Ben Bernanke for cutting interest rates so sharply. Count me among them. That said, I still consider him the best of the current crop of clowns running the central banks worldwide. At least for now.
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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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13 week cycle projections have been reached on most of these market leaders. Charts updated to 1/25/08. 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 don’t find the information useful, I will give you a full...
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You might say that Friday’s little pullback was the beginning of the coin flip for the Super Bowl. This weekend the coin will be up in the air spinning. At some point in the coming week it will hit the ground. Will it be heads, bears win, or tails bulls lose? OK, so...
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Well, they did it again! For the 5th time in the last 6 days, the Fed drained liquidity, taking $2.5 billion out of the system. Meanwhile, FCBs ran hog wild buying Agency debt over the past week, keeping our short term FCB indicator on the buy side. Click here to download...
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Yesterday, I posted my deep skepticism about the Societie General’s implausible explanation for its $7.1 billion loss. Wouldn’t you believe that many others came to same conclusion?
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Not too surprisingly the “leadership” is pulling out all the Keynesian stops to plug the holes in the Titanic. Included is a plan to have Fannie Mae lose more money supporting house prices for rich people, as the ceilings are lifted from $417,000 to $729,750. The regulator (OFHEO) is just ignored. The issue of...
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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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