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...
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So we have new facts that have come to light in the Jon Corzine / MF Global scandal. After a day of Senate “I don’t know / I didn’t intend” testimony (or should we call it “intendimony?”) we learn that an auditor for CME learned that Corzine knew of customer funds being used to...
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Jon Corzine’s testimony could have been sung as a Christmas Carol: (Sung to “God rest ye merry gentlemen”) I guess you clever gentlemen Are wondering what I’ll say. Will I cite the 5th amendment Or did I come to play? Well I will tell you everything On this December day. You see, I don’t...
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"F you, F all you c***suckers, you wont change anything. ride the bus, TSA is here to stay there doing a great job keeping americia safe."
We won't fly blog.
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Yet another V bottom,but some resistance above for the moment.
How many more suckers are left?
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Your editor just discovered that he has been giving out bad information about the home suckers’ tax credit for the past several months. The credit expires as of April 30 for CONTRACTS signed by that date, not for settlements by that date as I had been reporting. That means that the propping effects will...
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A dab of paint to pretty it up at the bell,but not alot happening.
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Tax receipts collapsed at an annual rate of 18% in October, which is far worse than I had feared based on our tracking of the daily data. At the same time, mortgage purchase applications collapsed last week, signaling the tailspin we expected as the first time home suckers panic subsided. The extension of this...
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SPX Update: The Crash vs. Seasonality: Round One
The traditional wisdom is that light-volume holiday sessions, such as the sessions approaching on Wednesday and Friday, are bullish. Since 1941, Black Friday (the day after Thanksgiving) has seen an average rise of 0.28%, and a positive close 70%...
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