The Fed came out with a report from its regional banks. Almost all the indicators showed a slowing economy. Not that we’re headed into a double-dip. We haven’t even gotten out of the first dip yet. Here’s Bloomberg with the news:Banks: ‘Widespread Signs of a Deceleration’ in Economy…
September 13th, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "stock"
The Stock Market Has Hit Its Low!…Sort of
Global stock markets are in a multi-year bull-market and nominal prices are likely to appreciate for several more months. In our view, we are currently amidst a normal multi-week consolidation phase and most stock markets are likely to stage a sharp year-end advance.
September 9th, 2010 | Puru Saxena | 6 comments | Continued
Faith in the Gold-Dow Ratio
Strikes make travel tough today – in both London and Paris. The unions have called for massive snarl-ups to protest governments’ efforts to bring spending under control. The subways aren’t running. Trains are halted. The French leftist newspaper, Liberation, says that “millions are expected to take to the streets.”
September 8th, 2010 | Bill Bonner | 0 comments | Continued
Close to Fair Value, But Still Unbalanced
A crucial time is approaching for the global economy and stock markets. The policy induced ‘recovery’ from the credit crisis is now petering out. While this inevitability was hardly consensus opinion months ago, most market participants are now coming around to the viewpoint that the developed world faces a low growth future.
September 7th, 2010 | Greg Canavan | 0 comments | Continued
SSDD
It’s the same story, different day (SSDD). That is, nothing much has been revealed overnight to cause us to change our view that you’re investing in the midst of a long-term depression. Most of the positive GDP data coming out globally is backward looking. It doesn’t tell you much about the future. It is worth noting that a story in yesterday’s Financial Review showed that prices for coking coal have followed iron ore and coal prices down.
September 3rd, 2010 | Dan Denning | 135 comments | Continued
Dialing for Dollars
With the market volatility and poor economic data ruling the market in the last few months, it’s no surprise that many investors see this part of 2010 as a time to flee the scariness of stocks for more stable assets. But they’re dead wrong…Many industries are starting to become oversold once again, and opportunities abound for value investors in 2010.
September 3rd, 2010 | The Daily Reckoning | 0 comments | Continued
Gold Speculation During the Great Correction
Stocks go down; stocks go up – and gold keeps moving up…fiscal stimulus, monetary stimulus, quantitative easing – and gold keeps moving up…recovery…no recovery – gold keeps moving up…inflation…deflation – and gold keeps moving up…Are you beginning to see a pattern?
September 3rd, 2010 | Bill Bonner | 36 comments | Continued
Collapse Gives WAY TO A Rally
Well that’s a good sign. Not twelve hours after we went to press with our latest newsletter – highlighting how September is historically the market’s worst month – and describing a Long Depression, stocks in New York rally by almost three percent. How is that good sign? The Bear had everyone feeling pretty bearish about him. You can measure this in the number of put option buyers or in surveys.
September 2nd, 2010 | Dan Denning | 23 comments | Continued
Hindenburg Meets Iceberg
Another week in Australia without a new government. Not bad for a Monday. The current Prime Minister is set to meet with three so-called independent members of Parliament to discuss forming a minority government. This gives us a chance to correct an error we made awhile back.”Every election is a sort of advance auction sale of stolen goods,” wrote HL Mencken. We misattributed that quote to Mark Twain, another great American wit.
August 30th, 2010 | Dan Denning | 39 comments | Continued
Seasons Don’t Fear the Reaper
People tend to overestimate what they think they know and underestimate what they don’t know. It’s best to be modest, work hard, and recognise that sometimes what you get in life is neither what you expect nor what you deserve. But let’s talk about markets and cycles first today before we get on the crazy train. And since yesterday was all about words (even though words can change worlds), let’s look at some pictures.
August 27th, 2010 | Dan Denning | 27 comments | Continued
Adapt or Perish
“Do not overbid for assets – especially at the top of a real estate cycle.” You can’t really argue with that, can you? The big question is, where are we in the cycle? The opening line above came from our friend Phillip J. Anderson. Phil was speaking to a packed room in a building on Flinders Lane Tuesday night. He first came to our attention a few years ago when one of his readers hand-delivered us a copy of his book, “The Secret Life of Real Estate: How it Moves and Why.”
August 26th, 2010 | Dan Denning | 28 comments | Continued
The Nonsense Recovery
Eventually, investors are going to realize that the discussion of a “recovery” is nonsense. The economy can never recover the pace and frenzy of the bubble years – and so much the better. It has to move on to something new. The big question is: What will this new economy look like?
August 26th, 2010 | Bill Bonner | 0 comments | Continued
The Idiots Guide to Repairing an Economy
Stocks went down early in the summer. We thought that was the beginning of the big “second shock” we’ve been waiting for. But we were wrong. The stock market rebounded. But now it is back at its July lows…and appears ready to keep going down. Why? Because small investors are leaving the stock market.
August 26th, 2010 | Bill Bonner | 1 comment | Continued
Turning Against the Stock Market
The Fed has already said it will leave its key interest rate at a very low level for a very long time. The US Treasury has already announced a budget with more than $1 trillion of fiscal stimulus in it. “Cash for clunkers” …first time homebuyer tax credits…TALF – the “recovery” programs have all pretty much run their courses.
August 25th, 2010 | Bill Bonner | 1 comment | Continued
Why Bull Market Absurdities Disappear in Bear Markets
It’s an absurdity that comes around in a bull market and disappears in a bear market. We’re in a bear market now. The next leg down should drive the last moms and pops out of the market and bring prices down to bargain levels. The next leg down will also drive investors even further into the bond market.
August 24th, 2010 | Bill Bonner | 0 comments | Continued
