Daily Markets - Financial News And Opinions

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• How Can It Be Good? « Michael Panzner »
• Fear Takes The Wheel In The Markets « Peter Schiff »
• Inverted Flag In S&P 500 « Carl Swenlin »
• A New Era Of Fiscal Irresponsibility « Daily Reckoning »
• Crude Oil Prices Take A Dive After A Week Of Gains « OilPrice »
• Is The Dow In A Bull Market Correction? « Tradesman »
• Weekly Review Of The Dow, Shanghai Stock Exchange And Hang Seng « Tradesman »

How Can It Be Good? « Michael Panzner » Posted: 14 Feb 2010 05:10 PM PST I once described retail analyst Howard Davidowitz as “the perfect andidote” for “all those policymakers, ‘economists,’ and TV pundits whose thinking has been clouded by the ‘green shoots’ they’ve been smoking.” Well, here we are nine months later, and it looks like the permabulls are in need of yet another dose of Davidowitz-style reality (courtesy of Bloomberg Television) to shake them out of their stupor: When I look at the numbers for the “big guys” — I’m not talking about some dinky … [visit site to read more]

Fear Takes The Wheel In The Markets « Peter Schiff » Posted: 14 Feb 2010 05:01 PM PST Over the past three or four years a strange phenomenon has developed in the global investment markets. With some exceptions, many asset classes, in particular domestic and foreign equities, commodities, and foreign currencies have tended to move in the same direction on a day to day basis. The mega-correlation has lasted so long that most now take it for granted. This leaves investors with relatively simple choices: when to get in to the market in general and when to park assets in cash and … [visit site to read more]

Inverted Flag In S&P 500 « Carl Swenlin » Posted: 14 Feb 2010 04:01 PM PST I think the big question for most market participants is whether or not the market is putting in a medium-term bottom. The evidence is truly mixed, and I can make a case for either side of the argument; however, we have sell signals on both the daily and weekly charts, so, for now I think I will focus on the evidence supporting a further decline. On the chart below you can see that last week there was a sharp two-day decline that found support on the 200-EMA, and formed an inverted flag … [visit site to read more]

A New Era Of Fiscal Irresponsibility « Daily Reckoning » Posted: 14 Feb 2010 03:52 PM PST As Harvard Professor Gregory Mankiw describes, the Office of Management and Budget website introduces the 2011 budget as "A New Era of Responsibility." Looking at the budget though, you have to wonder if this "new era" type of responsibility has anything at all to do with the traditional variety. In a departure from most previous US budgets, the 2011 version has no hope of balancing, ever. Despite the projected end of government spending on wars, bailouts, and stimulus, and the … [visit site to read more]

Crude Oil Prices Take A Dive After A Week Of Gains « OilPrice » Posted: 14 Feb 2010 03:15 PM PST Crude oil prices took a dive on Friday after a week of gains from U.S. blizzards were undercut by another move in China to tighten monetary policy. China’s central bank raised reserve requirements for its banks for the second time this year as it tries to curb lending and avoid asset bubbles from forming in an overheated economy. China is the world’s second-largest importer of oil, after the U.S., and one of the world’s fastest-growing economies, so energy markets are very sensitive … [visit site to read more]

Is The Dow In A Bull Market Correction? « Tradesman » Posted: 14 Feb 2010 03:01 PM PST So is the bull really dead or are we in a bull market correction now? This has been the question that many investors are asking now after the nerve wrecking two weeks of plunge in Dow Jones Index. This fear has been echoed by markets in Asia and Europe. Almost all the three major continents have their own woes as investors fret over China’s move to tighten lending, Obama’s plan to reform US financial sector and the Greece’s deficit crisis. However, the Dow Jones index is no clinging on … [visit site to read more]

Weekly Review Of The Dow, Shanghai Stock Exchange And Hang Seng « Tradesman » Posted: 14 Feb 2010 02:01 PM PST Dow Jones DJ has been showing weakness throughout the whole week of trading session. Volume is low and does not provide credibility to the rise in index. Refer to my other posting of a bull market correction on the prediction of Dow Jones. Dow Jones has currently loss of 7% and a bull market correction normally takes the index further to 10 - 15% from historical behavior. Hence, there may be more thunderstorms in the days to come before we see a calm weather. Shanghai Stock … [visit site to read more]

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