Tuesday, December 6, 2011
Friday, November 11, 2011
Tuesday, November 8, 2011
Good news for job seekers
Help Wanted:
Anger issues, aggression problems, sexual deviation no problem.
Prime Minister of Italy
Prime Minister of Greece
Head Football Coach at UNM
Head Football Coach at Penn State
Anger issues, aggression problems, sexual deviation no problem.
Wednesday, November 2, 2011
Saturday, October 8, 2011
The real problem with FINRA rules
There's not time to get to everyone so clients never really know what I'm thinking.
Friday, October 7, 2011
Thursday, September 29, 2011
Wednesday, September 28, 2011
Are we in a recession?
Determining whether the economy is in recession is like proving if God exists. You really don't know for sure until it's too late to do anything about it.
Tuesday, September 27, 2011
Sunday, September 25, 2011
Wednesday, September 21, 2011
The Elliott Wave lives on
For the day the SPX/DOW were -2.70%, and the NDX/NAZ were -1.80%. Bonds gained 11 ticks, Crude lost $1.75, Gold dropped $22.00, and the USD was higher. Support for the SPX drops to 1146 and then 1136, with resistance now at 1168 and then 1176. Short term momentum hit extremely oversold at the low. Tomorrow, weekly Jobless claims at 8:30, then FHFA housing prices and Leading indicators at 10:00.
The market opened quietly enough and drifted lower awaiting the FED’s policy decision. After the announcement, the market bounced around and then had a waterfall last hour of trading. The decline from yesterday’s high at SPX 1220 to today’s low at 1166 is 54 SPX points. This is what we expected the first time the SPX hit 1220 on September 16th. Despite today’s selloff we are sticking with our count of the potential uptrend to SPX 1246 over the next few weeks. The initial high at SPX 1220 is still labeled as an Intermediate wave A, and the action since then as Intermediate wave B. As long as the market finds support within the 1168 pivot range, or the 1146 pivot range, this count still looks good. Remember, this market has sold off on every FED speech/statement since the last FOMC meeting.
Short term support is in the 1168 pivot range, the mid-1150′s, then the 1146/1136 pivot range. Overhead resistance is at the 1176 and 1187 pivot ranges. Short term this market is extremely oversold. Best to your trading!
http://caldaro.wordpress.com/2011/09/21/wednesday-update-306/
The market opened quietly enough and drifted lower awaiting the FED’s policy decision. After the announcement, the market bounced around and then had a waterfall last hour of trading. The decline from yesterday’s high at SPX 1220 to today’s low at 1166 is 54 SPX points. This is what we expected the first time the SPX hit 1220 on September 16th. Despite today’s selloff we are sticking with our count of the potential uptrend to SPX 1246 over the next few weeks. The initial high at SPX 1220 is still labeled as an Intermediate wave A, and the action since then as Intermediate wave B. As long as the market finds support within the 1168 pivot range, or the 1146 pivot range, this count still looks good. Remember, this market has sold off on every FED speech/statement since the last FOMC meeting.
Short term support is in the 1168 pivot range, the mid-1150′s, then the 1146/1136 pivot range. Overhead resistance is at the 1176 and 1187 pivot ranges. Short term this market is extremely oversold. Best to your trading!
http://caldaro.wordpress.com/2011/09/21/wednesday-update-306/
Friday, September 16, 2011
Sunday, September 11, 2011
Hope not
Seeing TONS of short setups right now. Historically, every time that happened, the market bounced. LOL! Will this time be different?!
Sent Sep 11, 11:18 AM
From TweetDeck @traderstewie
Saturday, September 3, 2011
@ukarlewitz
$SPX forward-earnings yield is a record 9% points above the near-zero real yield on 10-year TIPS, a level not seen since the early 1980s
Sent Sep 03, 09:25 AM
From StockTwits Web
Friday, September 2, 2011
@howardlindzon
Just read my 100th 'stocks are plunging' headline of the day. hmmm. $amzn was $180 a few weeks ago and has plunged to $210...
Wednesday, August 31, 2011
from Pragmatic Capitalist
A market is the summation of the decisions of its participants. Markets are inefficient because the participants are inefficient. Thus, the participant with superior emotional control has a decisive advantage. –
How does one develop the emotional control to trade in a disciplined manner? I’m sure there are plenty who could delve into different techniques to build up your emotional muscles. However, we prefer just to run things systematically. That way we leave the emotions out of it.
Website Is the Near-Term Stock Market Correction Over? | Wall St. Cheat Sheet (via HootSuite iPhone)
Is the Near-Term Stock Market Correction Over? | Wall St. Cheat Sheet
http://wallstcheatsheet.com/trading/is-the-near-term-stock-market-correction-over.html/
http://wallstcheatsheet.com/trading/is-the-near-term-stock-market-correction-over.html/
Who is a Luddite
RT @indigenousissue: Petition to Stop Tar Sands Keystone XL Pipeline Please sign and share widely. http://www.avaaz.org/en/canadas_deadly_oil/
One side accuses the other of refusing to look at science re climate control and then won't consider studies re tar sands.
One side accuses the other of refusing to look at science re climate control and then won't consider studies re tar sands.
Monday, August 29, 2011
Saturday, August 27, 2011
Happy to live in the West
East coast hysteria- The earthquake, the markets, CNBC, the debt ceiling and now the hurricane. Please stop whining and grow up.
Thursday, August 25, 2011
Wednesday, August 24, 2011
How important is small business?
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Tuesday, August 23, 2011
Black Box
 |
| traderstewie at stocktwits |
Do you have to be depressing if you're an economist?
STIGLITZ: America's Recent College Grads Face A Bleak Future by @mamtabadkar read.bi/nqOXa6
Nouriel: Stalling » DoubleDip @FT: EZ economic growth close to standstill:EZ econ activity barely changed in August & manfct down on.ft.com/rhh7Id
Nouriel: Stalling » DoubleDip @FT: EZ economic growth close to standstill:EZ econ activity barely changed in August & manfct down on.ft.com/rhh7Id
Saturday, August 20, 2011
The reason AAPL passed XOM in market cap
Why Software Is Eating The World
http://online.wsj.com/article/SB10001424053111903480904576512250915629460.html
http://online.wsj.com/article/SB10001424053111903480904576512250915629460.html
Friday, August 19, 2011
Thursday, August 18, 2011
Which economies have fared best and worst during the global financial crisis?
GDP growth rates slowed sharply in most rich economies in the second quarter. So where does that leave output relative to its level before the start of the financial crisis? If we rank the G7 countries according to the change in real GDP since the end of 2007, Canada tops the league. But Canada, like the United States, has a fast-growing population, whereas the number of Germans and Japanese has started to shrink. GDP per person is therefore a better measure of relative performance. As the chart below shows, by this gauge Canada is still 1% below its pre-crisis level and America is 3.5% down. Among the G7 countries only Germany has regained its end-2007 level. Comparing output now with its level before the crisis actually understates the depth of the slump. An alternative yardstick (see article) is to compare GDP per head now with what might have been expected if it had continued to grow at the same pace as during the ten years before the crisis. On this basis, even Germany has not yet caught up, and Ireland’s income per head is now a painful 25% below its previous trend.
Nouriel....again
When banks & deposits arent safe & govs are bankrupt time to buy canned food, spam, guns, ammo, gold bars & rush to your mountain log cabin
Wednesday, August 17, 2011
Bullish
Equity mutual funds withdrawals $30b last WEEK, the worst week since 10/15/08. MONTHLY withdrawals haven't been that big since 3/09 $$
Tuesday, August 16, 2011
Monday, August 15, 2011
Nouriel
Roubini calls Rick Perry's remarks about Bernanke "treason" the same day he writes an Op Ed called "Is capitalism doomed?" http://www.projectsyndicate.org/commentary/roubini41/English and a week after he once again makes gloom and doom remarks at a market bottom.
Sunday, August 14, 2011
Saturday, August 13, 2011
Wednesday, August 10, 2011
Sunday, August 7, 2011
Jerry Lewis ousted as MDA telethon host
It's about time! How dare you, in order to raise money, try to make me look pathetic because I use a wheelchair?
Saturday, August 6, 2011
Friday, August 5, 2011
Qualifications
No one without an understanding of economics should be allowed to make financial decisions for the country.
Thursday, August 4, 2011
Change in the Weather. Something is happening here.
When the weatherman does market commentary the market's at the bottom
Jason Stiff weatherman at Channel 4 NBC: If the Dow Jones falls 513 points WITH a debt ceiling deal completed, I'd hate to see how many 1000s it would've fallen WITHOUT a deal. Wow. 8 minutes ago via Twitter
And then Ronchetti groaned about the market at the begining of his weather report on Channel 13 CBS.
Jason Stiff weatherman at Channel 4 NBC: If the Dow Jones falls 513 points WITH a debt ceiling deal completed, I'd hate to see how many 1000s it would've fallen WITHOUT a deal. Wow. 8 minutes ago via Twitter
And then Ronchetti groaned about the market at the begining of his weather report on Channel 13 CBS.
Friday, July 29, 2011
Gold stocks
Why haven't gold stock prices followed the move in the spot price?
 |
| Via easygoldinvestment.com |
Thursday, July 28, 2011
Companies Putting the Blame on Washington Bespoke
We did a quick scan of conference call transcripts from S&P 500 companies this week, and found no shortage of executives blaming Washington for the uncertainty in the economy and business outlooks. The table below highlights just some of the comments from today’s conference calls, and on page two we provide a list of selected additional comments from earlier this week. Our favorite came from the Bristol-Myers (BMY) call where one executive noted that, “Nobody knows what's going on in Washington right now. I think the people in Washington themselves do not know it.”
Whether or not you are of the view that Washington is the cause for the recent uncertainty or just a convenient scapegoat, the fact is that the longer it provides an excuse for companies to sit on their hands and ‘wait things out’, the longer it will act as an anchor to economic growth. interview that the debt ceiling issue was adding uncertainty for businesses.
Wednesday, July 27, 2011
The Debt Ceiling and the Road Ahead
After all the debate in recent weeks over issues related to raising the nation's debt limit, it's hard to know exactly what might happen after August 2. Borrowing represents more than 40% of the nation's expenses, and any default on the country's obligations would be unprecedented.
As a rule, panic generally doesn't help you make wise financial decisions. That's why now might be a good time to review your portfolio to see if you have more exposure to a particular asset class than you'd prefer, regardless of what happens in Washington. And as the situation evolves, here are some mileposts that bear watching:
Auctions of Treasury securities
The yield on the 10-year Treasury note can serve as a barometer of anxiety levels; the higher the yield goes, the more bond prices will fall, indicating increasing anxiety in the bond markets.
Regardless of whether the debt ceiling stays the same, several significant auctions of Treasury securities are scheduled shortly after the August 2 deadline. Bids for 3- and 10-year notes and 30-year bonds will begin on August 3, and auctions will take place August 9-11. More importantly, the nonprofit Bipartisan Policy Center (BPC) estimates that payment of roughly $90 billion on maturing Treasury securities is due on August 4.
The difficulty in producing an agreement to raise the limit has led two major credit rating agencies to announce they are officially reviewing the United States' historically impeccable credit rating. Even if the Treasury attempts to avoid defaulting on Treasury securities by prioritizing payment of its obligations, the rating agencies have warned that any such move would likely trigger a downgrade, especially if no consensus has been reached on how to tackle the deficit.
A lowered credit rating would mean the United States would have to pay more to borrow in the future, making the national debt problem even worse in the long term. That's because the greater uncertainty about the country's willingness and ability to pay its bills would likely lead both domestic and foreign investors to demand greater compensation for buying Treasuries.
Bonds and non-Treasury borrowing
Higher interest rates for Treasury bonds might also result in higher interest rates on other, nongovernmental loans such as mortgages and consumer credit. Since many interest rates are based on Treasury rates, rates generally would likely be affected. And since bond prices fall when rates rise, you should keep an eye on your bond portfolio.
One indicator of investors' assessment of the risks of Treasury bonds compared to the yields of corporate bonds and 10-year Treasuries. Normally, investors demand a higher yield for corporates because of their greater risk of default. The narrower the gap between the two, the less risky investors feel corporate bonds are compared to Treasuries. Interestingly corporate bonds which are AAA rated have been in demand.
Higher rates also could mean reduced credit availability. Some worry that tighter credit on top of a weak housing market could hamper economic recovery. And even if there were technically no default, the mere absence of an agreement that addresses the issue before August 2 would likely raise the global anxiety level substantially.
Equities
The stock market hates uncertainty, and the greater the uncertainty, the greater the potential impact on stocks. If investors become concerned about the availability of credit, they could punish companies that rely heavily on it. Fortunately, in the wake of the 2008 financial crisis, many companies took advantage of low interest rates to issue new bonds and/or refinance older debt. Also, many companies, fearing a sequel to 2008, have been sitting on a larger amount of cash than usual, which could help cushion the impact of tighter credit.
Markets also will be assessing the impact of either severe budgetary cutbacks or prioritization of existing government bills on the already fragile economy as a whole. If either seems to pose a serious threat to consumer spending, equities could feel the fallout.
Payment of government benefits, contracts, and departments
According to the BPC, the country will have roughly $172.4 billion coming in during the rest of August to pay $306.7 billion of scheduled expenditures. Without an increase in the borrowing limit, the Treasury will have to rely on those revenues and prioritize which of its existing bills to pay. Here are some of the major payments scheduled for shortly after the Treasury's August 2 deadline:
Social Security payments for beneficiaries who began receiving benefits before May 1997 or who receive both benefits and Supplemental Security Income (SSI) are scheduled for August 3. Benefits for recipients with birth dates between August 1-10 are scheduled for the following Wednesday, August 10. Those with birth dates between the 11th and the 20th are scheduled for August 17, and August 24 is the date for birthdays between the 21st and the 31st.
For military service members, August 15 is the date for the scheduled mid-month installment of active duty pay, with the associated "advice of pay" notice set for August 5. And as previously noted, an estimated $90 billion in Treasury debt payments are due August 4.
Medicare, Medicaid, Social Security benefits, defense vendor payments, interest on Treasury securities, and unemployment insurance represent some of the federal government's largest costs for the month. The BPC estimates that covering those costs completely would leave no funds for such obligations as the Departments of Education, Labor, Justice, and Energy; federal salaries and benefits; military active duty pay and veterans' affairs; the Federal Transit Administration, Federal Highway Administration, Small Business Administration, and the Environmental Protection Agency; Housing and Urban Development and federal food and nutrition services; and IRS refunds.
Tuesday, July 26, 2011
Monday, July 25, 2011
Hysteria and the Debt Debate - First Trust Advisors - July 25, 2011
Hysteria and the Debt Debate - First Trust Advisors - July 25, 2011
"The debt ceiling seems to be the only tool that might work. The benefits of using it, if successful in cutting the size of government relative to GDP, could be huge. Not only would jobs and growth pick up, but the stock market would rise, too. What investors should be worried about is if this debate fails to limit the size of government, not that it leads to a pointless and unjustifiable downgrade by ratings agencies. Investors need to remain calm. Let the politicians be hysterical."
Sunday, July 24, 2011
Wal-Mart vs Amazon in the Battle for Sales Tax
Joshua M Brown July 23rd, 2011
Twenty one different cash-strapped states have begun to look at the billions of dollars they are not collecting from out-of-state e-commerce companies selling to their residents. They are beginning to have the fever dreams over that potential revenue source that being stranded on a desert island can produce in the minds of starving castaways - even your best friend can appear to you as a juicy frankfurter when you haven't eaten in days.
The Economist frames the coming war over the "universal sales tax." The main front will likely be in California, where Wal-Mart ($WMT) is spending big and its rival Amazon ($AMZN) is already collecting signatures...
A TAX dispute as old as mail-order catalogues turned into warfare this month. Leading one army is America’s largest consumer market, California. Leading the other is the largest online retailer, Amazon. At issue is whether states can force out-of-state merchants to collect sales tax on purchases by in-state residents. This fight is national. But California, where such matters inevitably go to the ballot box, is likely to be its most spectacular front. Amazon and its lieutenants are already collecting signatures to call a referendum, probably next June, on the state’s new tax law, which went into effect on July 1st.
Are you selling or conducting commerce with out-of-state residents online? Are you the vendor or supplier of a company that is based in another state? The fallout from this struggle has the potential to mean major cchanges in the way America does business, this article is a good place to begin understanding the issues.
Source:
The Amazon war (The Economist)
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.
Thursday, July 21, 2011
S&P Officials To Brief House GOP Freshmen On Consequences Of Default
Hopefully they'll be able to understand. One-syllable words will help. Lots of pictures.
S&P Officials To Brief House GOP Freshmen On Consequences Of Default
S&P Officials To Brief House GOP Freshmen On Consequences Of Default
Wednesday, July 20, 2011
Apple success
As one example of its success, Apple turned its tablet into a $6 billion business in the quarter. That is twice as big as Dell’s entire consumer PC business. - NYT 7/20/2011
I remember hearing this statistic in the 60's. Don't remember the industry.
New Mexico Drought
Today's NM Drought Working Group meeting, short version: We're doomed. #nmwx
http://www.gwynethdoland.com via Twitter
http://www.gwynethdoland.com via Twitter
Tuesday, July 19, 2011
NM credit rating at risk if debt ceiling not raised.
Washington, D.C. – Congressman Ben Ray Luján of New Mexico’s Third District released the
following statement on the
the credit rating of New Mexico and four other states. New Mexico’s credit rating would likely
be downgraded should the federal government default on its debt payments due to a failure to
increase the debt ceiling,
announcement by Moody’s Investors Service that it would review impacting people across the state
.
“Today’s announcement by Moody’s that the state of New Mexico’s debt rating could be
negatively impacted by a failure to raise the debt limit is the latest sign that this issue is too
important to New Mexico to play politics with. A downgrade of the state’s top-ranked credit
rating would impact families and businesses across New Mexico and could threaten to further
weaken our economy. Families could see interest rates on mortgages and car loans increase
while small businesses could have greater difficulty finding access to credit.
“It is critical that we find a balanced approach that begins to rein in our deficit without doing so
on the backs of New Mexico’s seniors and working families and does not destroy jobs.
Unfortunately, the House is debating a bill today that fails on all accounts. The House
Republican legislation would drastically cut vital services even deeper than the Republican
budget that ends Medicare as we know it, slashes education at every level, and destroys as
many as 700,000 jobs.”
# # #
Luján Statement on Moody’s Review of New Mexico’s Credit Rating
1 / 1Tuesday, July 19, 2011
Tuesday, March 8, 2011
Sunday, February 27, 2011
And the award goes to...
Interesting that it's a violation of securities law for me to tweet about the World Economic Forum in Davos without approval by a compliance officer but I can tweet about the Academy Awards allI want. Seems like the same kind of event to me with the rich and famous strutting around giving accolades to one another and expecting the rest of us to watch with adoration. These insipid people don't have a clue what goes on in the world.
- Posted using BlogPress from my iPhone
- Posted using BlogPress from my iPhone
Monday, February 21, 2011
Friday, February 18, 2011
Wednesday, February 16, 2011
Tuesday, February 15, 2011
Monday, February 14, 2011
Saturday, January 22, 2011
Wednesday, January 19, 2011
Tuesday, January 11, 2011
Monday, January 3, 2011
T. Rowe Price: Set to lead a slate of active-ETF launches? - Investment News
What do all these ETF's mean for the market?
T. Rowe Price: Set to lead a slate of active-ETF launches? - Investment News
T. Rowe Price: Set to lead a slate of active-ETF launches? - Investment News
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