Copyright 2007-2009 iamned.com financial opinions updated daily
| Archives 6/29/09 [Taibbi] The Great American Bubble Machine (LF exclusive!) This is the complete essay. Set asside an afternoon to read this. Dow 10,000 ... then deflation? I came to that same conclusion, but the DJIA may peak at 12000 and SPX 1200-a gain of 30% before the plunge. The nice thing about being long now is I don't have to lose sleep over these 'green shoot' rallies, but I still have to know when to sell. Monday Morning Quarterback: The Quarter-End Bender An anlysis of upcoming improtant economic events & technical indicators, and news links. No End in Sight for Recession So maybe we'll get a nice selloff in the major indexes? Nahh//fat chance. That's why I'm long. I'll short eventually, but for now the bull rule. Why the Dow Is Headed to 6000 The problem is whenever someone publishes one of these kind of articles the market rips higher. Yes, in the long run we're headed to 6000 as the deflationry spiral resumes. The question of 'when' is left to the reader. Oil and economy optimism lift stocks Everything seems to lift stocks these days. Double digit unemployment? Buy. Cap & Trade? Buy! Woo hoo. Obama team hints at second stimulus A second stimulus will be the deathblow to his presidency, especially considering that the first stimulus accomplished nothing but irritate his base and embolden the republicans. Rising national debt raises prospects of eventual inflation The inflation is already here. Hopefully, Obammi will be out in 2012 before he gets the chance to pass another stimulus package, but the fallout may linger for decades. The CPI needs to fall much further. Weak dollar helps boost commodities 2002-2008 all over again. Dollar is worthless to the fed and administration. Post Fed Commodity Rush (fxstreet.com) Agree. we're seeing a repeat of the same gas/oil shenanigans as we saw between 2002-2008. So much for Obammi's 'new era' or regulation and responsibility. Kass: Many Challenges Still Ahead Agree. Considering how the economy has ceased growing, it's amazing the S&P 500 is up 40% in just three months. Bear-Market Rally is Ending: Strategist (video) Maybe he's right, but why does the market keep going up? Some 'dark energy' keeps bidding up this market, but at some point it has to stop. With Unemployment Moving To 9.6%, Economic Impact Of Jobs Is Just Beginning Wall Street can only ignore this for so long. The market should be much lower, but I guess what's good for Goldman is good for Wall Street, nevermind main street. Savings Rates Surge: Who Is Going to Consume? If anyting smothers these green shoots, a higher savings rate will. Germany, Japan, and France, for example, have high savings rates and their economies have done poorly over the past decade. Hoepully, US savings rares will hit double digits by years end. Surging U.S. Savings Rate a Bad Omen for Stocks Agree. This is the canary in the mineshaft. Is the Fed Juicing the Stock Market? It's obvious the fed is playing a role by printing devalued dollars to prop up the failing economy & stock market. Will Gold Beat The Summer Doldrums This Year? Gold typically underperforms during the summer, but maybe this year will be different. How to Profit from the 'Recovery' Good article. Eventually there will be a good time to short banks, but this isn't it. Wait for the bulls to exhaust themselves, although it may not be for awhile. 9 Ways to Save on Movie Tickets Useful consumer advice. Are The Positive Economic Signs Artificially Created? Agree. It's all a big scam. So much for 'free markets'. It's more like welfare capitalism due to the fed bailing out everyone, but the middle and lower class who are squeezed through inflation. Guest Comment: Millionaires to enjoy post-dotcom-style rebound Sweet! It's like 2002-2007 all over again. The rich get richer thanks to the Fed, and everyone else pays the tab through surging energy & foods prices, outsourcing, insourcing, terrorism alterts/fear mongering, erosion of consittuional rights, and unaffordable heathcare and education. But at least Obammi is promising us 'hope' and change' lol US Volumes Tell A Discouraging Tale A compelling bearish aregument... Stock Index Trading Signals Update Good charts and analysis. Paul Volcker: The Voice in the Wilderness Volker is being shut out because he doesn't subscribe to the neocon 'inflate your way to prosperity' style of economics- a methodology that remained dominant since he was succeeded by Greenspan. Start Your Business Now ... Seriously Terrible advice. Not only will you be jobless, but also indebted. 75% of small businesses will fail within five years. Friedman: The U.S. Needs to Stimulate Innovation and Invention The problem with overemphasis on innovation is that it results in many displaced, unskilled workers. These masses turn to the government for assistance, which puts a drag on state resources. In addtion, they become apathetic to the theft occuring in the Fed, Washinton DC, and Wall Street since they are preoccupied with just surviving day to day in a system that is ultimately rigged against them... Our Lob(obotomized)bied Congress' Energy Bill Excludes Our Most Efficient, Cleanest, Newly Plentiful Energy Source: Natural Gas A much better solution would be nuclear power, but no one has the guts to do it. A nucear power initiative would create green jobs, and weaken the terrorist-funding petro dictators. Prices of oil defy logic of supply and demand Agree. This is pure manipulation. Maybe when oil plunges to $30 again, these speculators will be crushed FOR GOOD. |