Archive for July, 2008

Updated – Investors got spooked by the weak GDP numbers, which— surprise, surprise—gave the market a nice goose on the very day that the Primary Dealers had to absorb $55 billion in new Treasury supply. Of course they bought the stuff at higher yields earlier this week and last. Voila, instant profit! Having done...
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In a bear market the term “up phase” is relative. It’s relative to the bigger trend. In real terms a 13 week or 6 month cycle up phase may manifest as little more than a trading range, or in the most extreme cases, a mere slowing in the downtrend. Click here...
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The market continues to conform to the long term forecast that has remained little changed since late last year. So not much has changed since our last update at the end of June. The market has merely reinforced that we are on the right track. Still, we need to keep our eye on certain...
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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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The housing collapse is now accelerating into a crash. Data from the MBAA shows  mortgage applications breaking down last week, hitting a new 5 year low. Listing prices are collapsing all around the country. I did a quick perusal of all the former bubble markets and they are down between 2% and 5% over...
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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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On the financial colonization of America front comes a story giving us a tenor of what this may look like. Notice that this new plant will be fully automated, has very few workers and will make ink cartridges for buyers who have little employment income. There must be a master plan here somewhere, ...
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The next installment of Kondratyev wave (table of content is here) is about Paul Volcker and the transition from Summer to Autumn.
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Shorts headed for the hills on Tuesday and took the major market averages with them. The pundits couldn’t credit falling oil prices for the bullishness, since the price of oil (poo) skyrocketed. So did energy stocks. Indications of a 6 month cycle turn are growing. I guess we can give credit to the Fed, which...
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CORRECTION – The Fed did a 2 day repo yesterday. I missed that and had it expiring today. There were no expirations today. As a result, the net add today is $10.25 billion bringing the 5 day net to an add of $19.5 billion, which makes a lot more sense considering the enormous Treasury...
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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 beat goes on, the beat goes on. Drums keep pounding a rhythm to the brain. La de da de de, la de da de da A new podcast is available. A reader sent along a item that showed up in the Sheeple-Crony Capitalist “Housing” Bill that I had to pass on. I am guessing...
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This just in from Trader Joe, over at the Stool Pigeons Wire at Capitalstool.com. Excerpt from the Merrill SEC filing - CDO Sale: On July 28, 2008, Merrill Lynch agreed to sell $30.6 billion gross notional amount of U.S. super senior ABS CDOs to an affiliate of Lone Star Funds for a purchase price of $6.7 billion....
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The market’s turn on Tuesday allowed the up phase in the 13 week cycle to live another day. 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...
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The Fed was able to do a minor drain as it got some help from a strong showing by indirect bidders at today’s bill auctions. The result was that for the second day in a row, the rates at today’s repo auctions were well above the Fed Funds target as Primary Dealers felt the...
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Lee Adler, Russ Winter, and Aaron Krowne analyze the impact of key financial events on the financial markets and economy, tell what to look for in the weeks and months ahead, and discuss strategies for the short, intermediate and long term? Not a subscriber? Click here for a free extended preview of this podcast. Subscribers...
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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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“Winning and keeping the confidence of men with money to bestow or withhold is essential to the fiscal operations of the new government.” - Alexander Hamilton We are rapidly moving to the end game, where massive American assets are being marked down and sold to new foreign masters, and international finance front men. Whole new...
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As snipped from Faux News, August 2007.
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Today I was asked to quantify my ambiguous statements that you can kiss the stockmarket goodbye but at the same time we avoided the off-the-cliff crash, thanks to Bernanke efforts. So I’ve decided to put a chart under this.
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Taking it on the chin again on Monday, the market sent signals that the worst may not be over yet. 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...
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The Fed began stepping up the plate late last week and did so again today in an effort to grease the skids for a mammoth load of new Treasury paper settling this Thursday. It’s not enough to help the stock market, but ironically, the liquidation of stocks gave the Treasuries a boost as some...
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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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One casualty of the housing bust is without a doubt Washington Mutual or WaMu. This company is an important front to watch in terms of the future of the US economy, given that this bank holds $185 billion in deposits. There currently is a lot of schadenfreude on the internet, blogsphere and in my...
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The next article from the Kondratyev wave cycle (table of content is here) is about Summer, the season when the unwelcome inflation develops and stock market is in bearish trend. As the primary Guinea Pig for examining the K-wave is United States I will avoid using the term hyperinflation, as back in 1970s US economy...
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The FDIC moved this weekend on two more banks.  I see a real problem with this week’s bank closures in that the FDIC pissed away $862 million covering only $3.233 billion in deposits. What does this suggest? Perhaps that the FDIC is waiting too long to act, thus pushing up the costs of bank...
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I don’t know what it is about the FDIC that has me POed. Maybe its the black helicopter that keeps flying by after they decided to “monitor” bloggers more closely. The reality now, at least for me, is the statements that the FDIC does put out, subjects them to even more scrutiny. Now they...
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In the take these dice from my cold dead hands department one has to wonder how much of this kind of story is still out there hiding under rocks or stuffed into Level III accounting. How many market distorting rogue trades and/or hoarding operations have been set up in God knows how many assets?...
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Martin Pring just published a very nice report on commodities, please follow this link to see the report. He gives tons of good charts and also a lot of fundamentals. What I like in his approach (and what I’m usually trying to do myself) is that he is usually finding the way to chart...
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I will be traveling Thursday through Sunday. The Professional Edition will not be published those days. Regular publication will resume Monday. Thanks for your support!
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