Weekly Technical View.. Equities Vunerable
by on Nov 9, 2011 •The UBS boys maintaining a generally bullish stance towards equities up to end q1 2012. Near term, equities over bought and due a pull back which could last to end of Nov. SP500 above 1883 is a buy.. Below this would set off some alarm bells. They are also bearish oil from 100 usds. They...
Markets..
by on Nov 8, 2011 •Everything running surprisingly smoothly at present.. long may it last. We know the consensus was very negative on the recent lows. We also know fund redemptions have been severe and that companies are sitting on cash heavy balance sheets. These positive factors seem to be holding up and the market and the momentum is to...
Weekly Fundamental Indicators..
by on Nov 5, 2011 •WF weekly review.. The data is ok. Things are very weak. So weak that the data on jobs is barely positive. The manufacturing ISM reading was 0.8 over zero growth. Ie sub 50 would infer a contraction of economic activity.. The ISM has come down to 50.8. Is this good news.. not really.. Although it...
The World’s Super Central Bank, The IMF, moves to Monetize ‘without limits’ via SDRs.
by on Nov 5, 2011 •The G20 sessions have ended without specific agreement. The conclusion of the G-20 meeting granted Internaciona Monetary Fund (IMF) the ‘possibility’ of expanding its resources “without limits”. “I leave here with a permit to expand my resources without ground, without shelter, without limits. The G-20 members have told us they will do everything possible so...
Euro Farce… cont.. (Update – ECB Lowers Rates & Greece Cancels Referendum)
by on Nov 3, 2011 •ECB has just announced it is lowering interest rates.. This is almost entirely due to the ever increasing spread to German bunds we are witnessing in the debt markets. The measure will assist but its no where near enough.. And, better than a soap opera, 48hrs after announcing a Greek referendum on the bailout, its...
45.8m Americans Recieving Food Stamps – A New Record Aug 2011
by on Nov 2, 2011 •GDP apparently increasing as unemployment rises and incomes fall. The latest food stamp data shows an 8.1% increase yoy in the number of Americans receiving food benefits as their incomes are insufficient to feed themselves. Its an interesting two tier system where over half the American population pay no income taxes at all now. http://www.bloomberg.com/news/2011-11-01/u-s-food-stamp-use-reaches-record-45-8-million-usda-says.html...
Weekly Technical Update.. & Comments..
by on Nov 1, 2011 •UBS still insisting the bounce is intact and to buy the dips so long as sp500 cash stays above 1220 on a closing basis. Weekly01-11 Well, we are at 1218 on the sp500 cash now and below this on futures. We are therefore at a key level now which is repeating across currencies and other...
Euro Farse.. Update.. inc Portuguese, Spanish, Italian & French Spreads to Bunds
by on Nov 1, 2011 •The eurocrat’s off balance sheet final solution mIII is rapidly unraveling before our eyes. The implications are unimaginable. There is no off balance sheet financial repression solution without the ECB monetizing debt. The implications of the Chinese offer to lend only yuan to the troubled euro area (EFSF) is clear.. Ie translated ‘we don’t want...