Sunday, November 30, 2008
Saturday, November 29, 2008
Rising Wedges
Qs 60min trading below a rising wedge after trading up with 16% gain for the week from the Friday low 25 on 11/21. Market intr
http://trend-signals.blogspot.com/2008/11/qs-spy-nq.html
http://trend-signals.blogspot.com/2008/11/qs-spy-nq.html
Friday, November 28, 2008
Strip Malls Suffer as Retail Tenants Disappear
Another shoe to drop
http://www.cnbc.com/id/27925894
FAZ 60min is showing positive D.
http://investorshub.advfn.com/boards/board.aspx?board_id=14536
FRE and FNM should be merged, if not those are purchased by other financial institutions. It is a BIG WASTE and mismanagement.
Grossly mismanaged nonsense which is hurting millions of Americans.
http://www.cnbc.com/id/27925894
FAZ 60min is showing positive D.
http://investorshub.advfn.com/boards/board.aspx?board_id=14536
FRE and FNM should be merged, if not those are purchased by other financial institutions. It is a BIG WASTE and mismanagement.
Grossly mismanaged nonsense which is hurting millions of Americans.
No bull yet
Obama 401k withdrawal economy during the 2009 economic cycle as we don't hear any real economic growth plan other than infrastructure which is just spending more money. It is nonsensical to pump in more money into system without real economic growth. Economic growth can't skip economic cycles as we have now over supply - e.g. housing.
I am waiting for market pull back even though markets flip-flop to bullish. Intraday charts are all showing negative divergences and bull/bear battle will be during the next week with Black Friday sales data.
Bradley 2009
Bradley model turn pivots correctly predicts with 70-80% accuracy which I observed over years.
Thursday, November 27, 2008
Qs, SPY, NQ
NQ 30min ~ a rising wedge, - D. 50% +/- retracement, likely markets are showing (a) of IT wave 4. SPY 60min is also showing declining volume and a rising wedge. Qs 60min ~ up volume is declining and formed a rising wedge. Traders bought markets on Friday with Geitherner reversal and went vacation. 20% free ride during the Thanksgiving holiday.
~~ Oil ~~ 54 +/- bounce from 50 S
~~ GAS ~~ bouncing up from 1 S
~~ Oil ~~ 54 +/- bounce from 50 S
~~ GAS ~~ bouncing up from 1 S
Inverse H&S Geitherner rally
Geitherner 20% +/- rally in 4 days
60m Major Markets ~~ Inverse H&S ~ hyperventilating 20% +/- Gaitherner rally - suckers rally - luring in more cash.
$COMPX 1532.10 67.37 4.60%
$INDU 8726.61 247.14 2.91%
$INX 887.68 30.29 3.53%
20% rally from the recent low - SPX 741, DOW 7450, Nas 1295, and Qs 25 - noted reversal Trap with Geitherner appointment. Markets are manipulated by big money to lure in cash, but markets are not fundamentally healthy.
http://trend-signals.blogspot.com/2008/11/bspx-ew-and-bkx-b-spx-closing-at-800.html
Markets were hyperventilating spiking 20% in a few days. The price volatility even though VIX is falling is dangerous to say the least.
Nobama economic plan of spending borrowed debt money is just delaying worse economic and financial disaster.
60m Major Markets ~~ Inverse H&S ~ hyperventilating 20% +/- Gaitherner rally - suckers rally - luring in more cash.
$COMPX 1532.10 67.37 4.60%
$INDU 8726.61 247.14 2.91%
$INX 887.68 30.29 3.53%
20% rally from the recent low - SPX 741, DOW 7450, Nas 1295, and Qs 25 - noted reversal Trap with Geitherner appointment. Markets are manipulated by big money to lure in cash, but markets are not fundamentally healthy.
http://trend-signals.blogspot.com/2008/11/bspx-ew-and-bkx-b-spx-closing-at-800.html
Markets were hyperventilating spiking 20% in a few days. The price volatility even though VIX is falling is dangerous to say the least.
Nobama economic plan of spending borrowed debt money is just delaying worse economic and financial disaster.
Economic Insanity: Obama Economic Plan: spending borrowed money
Economic Insanity: Obama Economic Plan: “Throw Borrowed Money At It Until It’s All Better”
Spending borrowed money while inflating energy costs is a complete economic nonsense and using the borrowed money to bail out failing bank is disaster.
This is complete economic insanity which is evil greed cycle putting US into further disaster. Using borrowed money, to pay interest and to pay foreign investors to failing banks with the borrowed money. This will also inflate the basic need energy price which is sucking more wealth out of Americans and putting more into debt with increasing inflation.
This is a complete scam nonsense.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33835607
_______________________________________________
http://papundits.wordpress.com/2008/11/25/obama-economic-plan-throw-borrowed-money-at-it-until-its-all-better/
WASHINGTON (SR) - President-elect Barack Obama yesterday promised to “jolt” the economy back on track by throwing massive amounts of borrowed money at it “until it’s all better.”
He declined to say how much the stimulus package might cost, but declared that the federal government must act “swiftly and impulsively” to hand out “as much money as we can borrow” to battle an “economic crisis of really big proportions.”
Obama also cautioned against inflating the U.S. national debt, saying government must “tighten its belt” in an attempt to ”lessen the certainty our grandchildren will be forced into prostitution in Saudi Arabia or building cheap lawn furniture in Chinese sweatshops.”
Republicans on Capitol Hill reacted to Obama’s speech by stockpiling additional food and guns in their North Dakota vacation homes.
Spending borrowed money while inflating energy costs is a complete economic nonsense and using the borrowed money to bail out failing bank is disaster.
This is complete economic insanity which is evil greed cycle putting US into further disaster. Using borrowed money, to pay interest and to pay foreign investors to failing banks with the borrowed money. This will also inflate the basic need energy price which is sucking more wealth out of Americans and putting more into debt with increasing inflation.
This is a complete scam nonsense.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33835607
_______________________________________________
http://papundits.wordpress.com/2008/11/25/obama-economic-plan-throw-borrowed-money-at-it-until-its-all-better/
WASHINGTON (SR) - President-elect Barack Obama yesterday promised to “jolt” the economy back on track by throwing massive amounts of borrowed money at it “until it’s all better.”
He declined to say how much the stimulus package might cost, but declared that the federal government must act “swiftly and impulsively” to hand out “as much money as we can borrow” to battle an “economic crisis of really big proportions.”
Obama also cautioned against inflating the U.S. national debt, saying government must “tighten its belt” in an attempt to ”lessen the certainty our grandchildren will be forced into prostitution in Saudi Arabia or building cheap lawn furniture in Chinese sweatshops.”
Republicans on Capitol Hill reacted to Obama’s speech by stockpiling additional food and guns in their North Dakota vacation homes.
Disgusting suckers rally - borrowed money to bail out failing banks invested by the lender
Disgusting suckers rally - borrowed money to bail out failing banks invested by the lender, hyped rally to lure in side line cash to drop faster than rocks - fooling and highly risky game which many should not be fooled into.
Many will be withdrawing 401k because they are out of jobs. We are not creating thousand/millions of jobs anytime soon except rhetoric of false hope of massive borrowed money which US has to interest. While those who have jobs will wait for markets to return, many will be withdrawing 401k -- Obama economy -- and will spend the money. That is the economic situation in which US is in -- at least well into 2009, with projected economic cycle bottom is in 2010 as shown on the cycle charts.
Many will be withdrawing 401k because they are out of jobs. We are not creating thousand/millions of jobs anytime soon except rhetoric of false hope of massive borrowed money which US has to interest. While those who have jobs will wait for markets to return, many will be withdrawing 401k -- Obama economy -- and will spend the money. That is the economic situation in which US is in -- at least well into 2009, with projected economic cycle bottom is in 2010 as shown on the cycle charts.
Buying failing banks with borrowed money to bailout the lenders' investment
Buying failing banks with borrowed money to bailout the lenders' investment ~ it's insanity. Big money was making trillions by manipulating markets up or down.
Following big money in/out is leading our country to bankruptcy. US/Americans are being fooled.
Massive wealth steal using volatility: re financial Crisis Tab Already In The Trillions and Counting
Massive wealth steal using volatility: re financial Crisis Tab Already In The Trillions and Counting
Manipulating boom/bust cycle, big money has stolen trillions from many around the world. Money does not disappear as it is transferred from one hand to other. With foreign borrowed money, the gov is bailing out foreign owned banks which is a losing strategy from the beginning. The continued losing strategies which Volcker has shown since 1980s, US is on the same losing path as we can see escalating long term debt. Since early 1980s, American savings was decreasing, US debt was increasing, US trade deficit was increasing, and market bubbles were forming which eventually we are experiencing massive evil greed wealth to a few hands.
He started US debt bubble and then Greenspan completely robbed Americans and USA with massive bubble and financial up or down wealth transfer from many sheepsters to a few evil greedy hands.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33820066
Markets are now pumping to lure in sideline cash, but will slaughter sending faster to bankruptcy as as 401k withdrawal money and sideline cash comes in. This is just big money luring in cash to slaughter in faster pace. Do not be trusted in the grand scam. We still have massive credit card defaults and job cuts. Big decades old financial scam does not go away is a year, it is not over. Faster and higher volatility is worse many will face disaster.
Manipulating boom/bust cycle, big money has stolen trillions from many around the world. Money does not disappear as it is transferred from one hand to other. With foreign borrowed money, the gov is bailing out foreign owned banks which is a losing strategy from the beginning. The continued losing strategies which Volcker has shown since 1980s, US is on the same losing path as we can see escalating long term debt. Since early 1980s, American savings was decreasing, US debt was increasing, US trade deficit was increasing, and market bubbles were forming which eventually we are experiencing massive evil greed wealth to a few hands.
He started US debt bubble and then Greenspan completely robbed Americans and USA with massive bubble and financial up or down wealth transfer from many sheepsters to a few evil greedy hands.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33820066
Markets are now pumping to lure in sideline cash, but will slaughter sending faster to bankruptcy as as 401k withdrawal money and sideline cash comes in. This is just big money luring in cash to slaughter in faster pace. Do not be trusted in the grand scam. We still have massive credit card defaults and job cuts. Big decades old financial scam does not go away is a year, it is not over. Faster and higher volatility is worse many will face disaster.
Wednesday, November 26, 2008
US debt and bubble burst
May God deliver us from the Volcker disaster which eventually led USA and Americans to mass destruction which we are experiencing now.
Since early 1980s, American savings was decreasing, US debt was increasing, US trade deficit was increasing, and market bubbles were forming which eventually we are experiencing massive evil greed wealth to a few hands.
He started US debt bubble and then Greenspan completely robbed Americans and USA with massive bubble and financial up or down wealth transfer from many sheepsters to a few evil greedy hands.
May God deliver US from the evil greedy hands.
Conspiracy using terrorism and wars - Bush 911 is a prime example. It's evil, bloody oil money that they are now sucking out of many after using different scams over the decades.
The money are using middle east loaned money to bail out banks.
This is crazy scam going around the world sucking up wealth from many around the world.
Americans need to use oil/energy - the basic needs.
http://select.nytimes.com/ref/business/200510_NORRIS_FEATURE.html
Since early 1980s, American savings was decreasing, US debt was increasing, US trade deficit was increasing, and market bubbles were forming which eventually we are experiencing massive evil greed wealth to a few hands.
He started US debt bubble and then Greenspan completely robbed Americans and USA with massive bubble and financial up or down wealth transfer from many sheepsters to a few evil greedy hands.
May God deliver US from the evil greedy hands.
Conspiracy using terrorism and wars - Bush 911 is a prime example. It's evil, bloody oil money that they are now sucking out of many after using different scams over the decades.
The money are using middle east loaned money to bail out banks.
This is crazy scam going around the world sucking up wealth from many around the world.
Americans need to use oil/energy - the basic needs.
http://select.nytimes.com/ref/business/200510_NORRIS_FEATURE.html
Tuesday, November 25, 2008
Big scam: energy need manipulation
quick fix disaster: U.S. consumer confidence rises on lower gas prices
Obama economy will be 401k early withdrawal spending economy with higher energy cost.
When I heard that the Fed/Bush was borrowing money from middle east to bail out banks, news yesterday, it is obvious that the situation is bad to worse. Just delaying inevitable destruction of short term quick fix scam.
As I told you, I was a bit more hopeful, but it is just delaying inevitable stupidity quick fix scam destruction. More they manipulate Americans with quick fix scam, it will get worse.
I think that it is better for US to go through deep depression to fix each person habit of overspending without genuine productivity and invention. Even if we go through 20% unemployment. That is a long term turn-around.
As many will seek genuine revolution of thinking - no more quick fix. Japanese went through and made themselves better than before.
If we go through quick-fix program and the same program which led us to destruction, we are on the same old losing path.
Low volume rallies
Cooked Turkey: intradays are now showing negative D and OB. It is nonsense to chase markets after running up for 3 days in low volumes. It is a fools' game to chase this dangerous markets. Markets were rallying on low volumes - just big hype and relief rally.
Until we have better volume and GAPS are closed, it's best to stay calm and away from hype.
Until we have better volume and GAPS are closed, it's best to stay calm and away from hype.
Monday, November 24, 2008
High Risk, Volatility Market
high volatility rally, high risk with foreign debt bank bailout.
DOW 1000 point rally to 9443 with foreign debt bailout bank - "C". Oil jump 10%
Housing inventory up to 10 months backlog. Markets close at resistances after reversing from Fri low, e.g. Qs 25.
We now gave SPX 120 points 15% up and DOW 1110 15% up in 2 days.
Market actions like this is unstable and dangerous environment which is showing high volatility.
SPX 25 points 3%, DOW 265 points 3% Drop in 10mins going into close.
Market volatility is unbelievably risky and dangerous.
It's fool's chasing after 15% rally in 2 days trading in lighter volume, so, taking profit after big gain is smart move.
DOW 1000 point rally to 9443 with foreign debt bailout bank - "C". Oil jump 10%
Housing inventory up to 10 months backlog. Markets close at resistances after reversing from Fri low, e.g. Qs 25.
We now gave SPX 120 points 15% up and DOW 1110 15% up in 2 days.
Market actions like this is unstable and dangerous environment which is showing high volatility.
SPX 25 points 3%, DOW 265 points 3% Drop in 10mins going into close.
Market volatility is unbelievably risky and dangerous.
It's fool's chasing after 15% rally in 2 days trading in lighter volume, so, taking profit after big gain is smart move.
Big nobama deception
Borrowing money from middle east - bailing out "C" with borrowed money. Just creating inevitable disaster with higher energy prices and inflation.
nobama big scam: Americans are paying for borrowed money to all foreigners. The bailout with borrowed money is ruining American Economy.
No bailout, no bail out; otherwise, US will face bigger disaster.
Higher energy cost and interest to all the debt which borrowed from foreigners to hype up stock prices.
______________________________________________________
Middle East to Help US Fight Recession?
24 Nov 2008 | 04:34 AM ET
Middle East countries can cope with the financial turmoil better than many other countries as they have the cash to survive and even invest, Sameer Al Ansari, CEO at Dubai International Capital, told CNBC Monday.
"We are better placed than others to weather the storm," Al Ansari said, adding that economies in the region are likely to grow by between 3 and 5 percent next year while the US and euro zone are poised for recession.
On Thursday, Kuwait’s daily Al-Seyassah reported that the United States asked four oil-rich Gulf states for nearly $300 billion dollars to help it curb the global financial meltdown.
(Watch the full interview with Sameer Al Ansari to the left).
Washington has asked Saudi Arabia for $120 billion, the United Arab Emirates for $70 billion, Qatar for $60 billion and was seeking $40 billion from Kuwait, the paper said.
Depressed asset prices in developed nations have attracted sovereign wealth funds and other investment vehicles from abroad over the past months.
"There's going to be some tremendous opportunities in the next 12 months in the West and we are well placed to take advantage of them," Al Ansari said.
© 2008 CNBC.com
URL: http://www.cnbc.com/id/27885566/
nobama big scam: Americans are paying for borrowed money to all foreigners. The bailout with borrowed money is ruining American Economy.
No bailout, no bail out; otherwise, US will face bigger disaster.
Higher energy cost and interest to all the debt which borrowed from foreigners to hype up stock prices.
______________________________________________________
Middle East to Help US Fight Recession?
24 Nov 2008 | 04:34 AM ET
Middle East countries can cope with the financial turmoil better than many other countries as they have the cash to survive and even invest, Sameer Al Ansari, CEO at Dubai International Capital, told CNBC Monday.
"We are better placed than others to weather the storm," Al Ansari said, adding that economies in the region are likely to grow by between 3 and 5 percent next year while the US and euro zone are poised for recession.
On Thursday, Kuwait’s daily Al-Seyassah reported that the United States asked four oil-rich Gulf states for nearly $300 billion dollars to help it curb the global financial meltdown.
(Watch the full interview with Sameer Al Ansari to the left).
Washington has asked Saudi Arabia for $120 billion, the United Arab Emirates for $70 billion, Qatar for $60 billion and was seeking $40 billion from Kuwait, the paper said.
Depressed asset prices in developed nations have attracted sovereign wealth funds and other investment vehicles from abroad over the past months.
"There's going to be some tremendous opportunities in the next 12 months in the West and we are well placed to take advantage of them," Al Ansari said.
© 2008 CNBC.com
URL: http://www.cnbc.com/id/27885566/
Saturday, November 22, 2008
Nobama on Summers ~ Terrible Idea
Bad Idea ~ Obama May Consider Summers as Bernanke Successor
Bernanke was cleaning up Greenspan/Clinton/Bush/Paulson mess.
Bernanke is the right Chairman for long time.
Any new Chairman would make the similar decision given the situation in which he was brought in. As we know, we have strong Political force manipulating different positions in our political system.
Bernanke is taking the blame for excellent job which he did -- given the extremely bad situation which he was brought in. Bernanke did what he could do and what he had to do under the given circumstances which he brought into. Larry Summers is worse.
Choosing Larry Summers will be a terrible, horrible mistake.
Thursday, November 20, 2008
Extreme greed and manipulation: Volatility hell manipulated markets
FAZ 126% in 2 weeks while markets were burning - hell markets. The greed monsters and children will burn in hell for being so greedy.
Hell high volatility greed monster market. Markets are trading in extreme volatility, targeted specific stocks. In a couple of week, many stocks are doubled up or down.
SKF 140% in 2 weeks while markets were burning - hell markets.
While many, millions, are going through financial trouble, greed monsters are stealing gazillions from 401k holders and others using colluded money.
It's evil monster greed manipulation.
TIMELINE: Half a century of oil price volatility
Hell high volatility greed monster market. Markets are trading in extreme volatility, targeted specific stocks. In a couple of week, many stocks are doubled up or down.
SKF 140% in 2 weeks while markets were burning - hell markets.
While many, millions, are going through financial trouble, greed monsters are stealing gazillions from 401k holders and others using colluded money.
It's evil monster greed manipulation.
TIMELINE: Half a century of oil price volatility
Wednesday, November 19, 2008
OE market manipulation and scams
http://www.youtube.com/watch?v=evpFtFfPWP8
http://www.youtube.com/watch?v=MabogQAM24A
http://online.wsj.com/article/SB122668748980128877.html?mod=googlenews_wsj
80% of Paulson hedge fund customers is from overseas. Who are they?
Kucinich: Paulson's passion FORECLOSURES Which Country??
http://www.youtube.com/watch?v=MS9x_FmkuCw
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Naked short selling ~ making gazillion profits out of nothing.
e.g. http://karmabanqueradio.com/
November 18th, 2008
Max Keiser on Naked Short Selling & Other Market Rigs
As Goldman is accused of naked short selling resulting in losses for their own clients, check out Rigged Markets. Max made this film for Aljazeera over a year ago and talks about these sort of market rigging schemes that make sure the big guy always wins, at the expense of the taxpayer and the little guy. And watch the second half where Max warns of fascism as governments intervene in markets on behalf of individual corporations (and banks).
http://www.bloomberg.com/apps/news?pid=20601087&sid=as3PwfEfBlhk&refer=home
http://www.youtube.com/watch?v=MabogQAM24A
http://online.wsj.com/article/SB122668748980128877.html?mod=googlenews_wsj
80% of Paulson hedge fund customers is from overseas. Who are they?
Kucinich: Paulson's passion FORECLOSURES Which Country??
http://www.youtube.com/watch?v=MS9x_FmkuCw
________________________________________________
Naked short selling ~ making gazillion profits out of nothing.
e.g. http://karmabanqueradio.com/
November 18th, 2008
Max Keiser on Naked Short Selling & Other Market Rigs
As Goldman is accused of naked short selling resulting in losses for their own clients, check out Rigged Markets. Max made this film for Aljazeera over a year ago and talks about these sort of market rigging schemes that make sure the big guy always wins, at the expense of the taxpayer and the little guy. And watch the second half where Max warns of fascism as governments intervene in markets on behalf of individual corporations (and banks).
http://www.bloomberg.com/apps/news?pid=20601087&sid=as3PwfEfBlhk&refer=home
re: Over 100 U.S. "blue chips" now selling for under $10 a share
re: Over 100 U.S. "blue chips" now selling for under $10 a share
Greed evil money driving markets down in volatility. With all the money stolen from many, e.g. using naked short sellings, could burn themselves in hell while millions are having financial crisis. Big money can burn money because they made so much of it during the last decades, and more recently using boom/bust cycle manipulation and hype.
_________________________________________________
By Kristina Cooke and Dan Wednesday November 19, 6:58 pm ET
NEW YORK (Reuters) - One hundred and one.
No, that's not Dalmatians but the number of stocks in the U.S. benchmark S&P 500 index now trading for less than $10 a share.
In fact, $10 would get you 10 shares of online broker E*Trade (NasdaqGS:ETFC - News), now the cheapest stock in the index at 98 cents a share. At the other end of this low-ball spectrum you can get a small slice of the garbage business with a share of Allied Waste (NYSE:AW - News) at $9.90.
In between lies a raft of household names, many formerly held up as blue chips, including Citigroup (NYSE:C - News; $6.40), Alcoa (NYSE:AA - News; $8.16), Xerox (NYSE:XRX - News; $5.58), Motorola (NYSE:MOT - News; $3.44), Starbucks (NasdaqGS:SBUX - News; $7.97) and Yahoo (NasdaqGS:YHOO - News; $9.14), not to mention beleaguered automakers Ford Motor (NYSE:F - News; $1.26) and General Motors (NYSE:GM - News; $2.79).
In all, the group makes up the greatest number of sub-$10 stocks in the index in at least 28 years, said Howard Silverblatt, senior index analyst at Standard & Poor's.
In fact, Silverblatt said it could be the most in the post-World-War II era, though he cautioned that his data reaches only as far back as 1980.
"This is definitely unusual," he said. "I think you'd have to go back as far as the 1940s, when $10 was worth more to see a similar number," he said.
According to S&P data, 101 is almost double the 59 companies with share prices below $10 in October 2001 when the dotcom meltdown was in full swing and almost triple the 35 sub-$10 stocks in October 1987.
Ten dollars is more than just a psychological barrier. Some institutional investors cannot invest in shares below $10 and some bond contracts require companies above that level.
Some other gloomy facts: only five S&P 500 companies had share prices of more than $100 on Wednesday.
So far this year, the S&P 500 has plunged 45 percent. It is now worth just over $7 trillion, the index's lowest collective market value in 11 years.
Twenty-five stocks, or five percent of the index, don't make the $1 billion mark in market cap, and just 11 exceed the $100 billion level.
In fact, a third of the entire index is not even qualified to be in the index -- 186 stocks have market caps under $4 billion, the minimum value for consideration for S&P 500 membership.
Greed evil money driving markets down in volatility. With all the money stolen from many, e.g. using naked short sellings, could burn themselves in hell while millions are having financial crisis. Big money can burn money because they made so much of it during the last decades, and more recently using boom/bust cycle manipulation and hype.
_________________________________________________
By Kristina Cooke and Dan Wednesday November 19, 6:58 pm ET
NEW YORK (Reuters) - One hundred and one.
No, that's not Dalmatians but the number of stocks in the U.S. benchmark S&P 500 index now trading for less than $10 a share.
In fact, $10 would get you 10 shares of online broker E*Trade (NasdaqGS:ETFC - News), now the cheapest stock in the index at 98 cents a share. At the other end of this low-ball spectrum you can get a small slice of the garbage business with a share of Allied Waste (NYSE:AW - News) at $9.90.
In between lies a raft of household names, many formerly held up as blue chips, including Citigroup (NYSE:C - News; $6.40), Alcoa (NYSE:AA - News; $8.16), Xerox (NYSE:XRX - News; $5.58), Motorola (NYSE:MOT - News; $3.44), Starbucks (NasdaqGS:SBUX - News; $7.97) and Yahoo (NasdaqGS:YHOO - News; $9.14), not to mention beleaguered automakers Ford Motor (NYSE:F - News; $1.26) and General Motors (NYSE:GM - News; $2.79).
In all, the group makes up the greatest number of sub-$10 stocks in the index in at least 28 years, said Howard Silverblatt, senior index analyst at Standard & Poor's.
In fact, Silverblatt said it could be the most in the post-World-War II era, though he cautioned that his data reaches only as far back as 1980.
"This is definitely unusual," he said. "I think you'd have to go back as far as the 1940s, when $10 was worth more to see a similar number," he said.
According to S&P data, 101 is almost double the 59 companies with share prices below $10 in October 2001 when the dotcom meltdown was in full swing and almost triple the 35 sub-$10 stocks in October 1987.
Ten dollars is more than just a psychological barrier. Some institutional investors cannot invest in shares below $10 and some bond contracts require companies above that level.
Some other gloomy facts: only five S&P 500 companies had share prices of more than $100 on Wednesday.
So far this year, the S&P 500 has plunged 45 percent. It is now worth just over $7 trillion, the index's lowest collective market value in 11 years.
Twenty-five stocks, or five percent of the index, don't make the $1 billion mark in market cap, and just 11 exceed the $100 billion level.
In fact, a third of the entire index is not even qualified to be in the index -- 186 stocks have market caps under $4 billion, the minimum value for consideration for S&P 500 membership.
Volatility & Supports
Even though intraday is showing +D, markets are still remaining in bearish mode in light volumes with flood of bad news even if we have bearish exhaustion signs such as CPI/PPI deflation reading and massive job cuts.
It is certain that we are in bear markets, and an important issue is how deep it will be or is.
Qs trading near at 28 +/- support in premarket and I am expecting volatility after the Fed min release at 2:30 pm scheduled time or whenever it is released.
Good luck with trading
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33318066
____________
Lately, markets show light volume blood squeezing out of sheepsters since Oct low. Many have exited and shorted markets since last year and we had Oct 2008 climactic sell-off. We now have greedy blood squeezing actions and we still seek a confirmation of ST/LT low.
It is certain that we are in bear markets, and an important issue is how deep it will be or is.
Qs trading near at 28 +/- support in premarket and I am expecting volatility after the Fed min release at 2:30 pm scheduled time or whenever it is released.
Good luck with trading
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33318066
____________
Lately, markets show light volume blood squeezing out of sheepsters since Oct low. Many have exited and shorted markets since last year and we had Oct 2008 climactic sell-off. We now have greedy blood squeezing actions and we still seek a confirmation of ST/LT low.
Volatility
Another Volatile day ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ @@
Nov 19 08:30 Building Permits Oct 760K 772K 786K
Nov 19 08:30 Core CPI Oct 0.1% 0.1% 0.1%
Nov 19 08:30 CPI Oct -0.7% -0.8% 0.0%
Nov 19 08:30 Housing Starts Oct 780K 780K 817K
Nov 19 14:00 FOMC Minutes Oct 29
Nov 19 08:30 Building Permits Oct 760K 772K 786K
Nov 19 08:30 Core CPI Oct 0.1% 0.1% 0.1%
Nov 19 08:30 CPI Oct -0.7% -0.8% 0.0%
Nov 19 08:30 Housing Starts Oct 780K 780K 817K
Nov 19 14:00 FOMC Minutes Oct 29
Tuesday, November 18, 2008
Law-Breakers
It's time to deal with an anti-American press!
LAW-BREAKERS: When did Obama become "President-elect?"
Posted November 17th, 2008 by myhat2u
http://www.dailypaul.com/node/73353
This might seem like nitpicking to some, but why does the U.S. news media refer to Barack Obama as "President-elect?" According to the Constitution, the presidential election happens December 15th, when state electors cast their votes for president. Shouldn't he be referred to as "presumptive president-elect?"
Should some scandal erupt between now and December 15th, such as Obama being involved somehow in a crime, the electors could choose John McCain or some other candidate for president. So the presidential election has not been decided yet.
I understand that in the normal course of events the presidential race is decided on election day, but I feel the news media is doing a disservice to the public by referring to Obama as President-elect. Katie Couric had the nerve to correct someone who referred to Obama as "President," but she did so by saying he is "President-elect." She's the one who needed correcting, from my point of view!
To me, it shows a disregard for the Constitution of the United States to refer to a presidential candidate as president-elect when in fact no presidential election has yet been held.
__________________________________________
Holder to be named attorney general
http://en.wikipedia.org/wiki/Eric_Holder
President-elect Obama has offered Eric Holder the position of attorney general, and Holder has accepted it, according to sources involved in the process. The formal announcement has been held up while Obama transition team members ran the idea past key senators. And Obama wanted to announce members of his financial team first -- Treasury Secretary and so on.
LAW-BREAKERS: When did Obama become "President-elect?"
Posted November 17th, 2008 by myhat2u
http://www.dailypaul.com/node/73353
This might seem like nitpicking to some, but why does the U.S. news media refer to Barack Obama as "President-elect?" According to the Constitution, the presidential election happens December 15th, when state electors cast their votes for president. Shouldn't he be referred to as "presumptive president-elect?"
Should some scandal erupt between now and December 15th, such as Obama being involved somehow in a crime, the electors could choose John McCain or some other candidate for president. So the presidential election has not been decided yet.
I understand that in the normal course of events the presidential race is decided on election day, but I feel the news media is doing a disservice to the public by referring to Obama as President-elect. Katie Couric had the nerve to correct someone who referred to Obama as "President," but she did so by saying he is "President-elect." She's the one who needed correcting, from my point of view!
To me, it shows a disregard for the Constitution of the United States to refer to a presidential candidate as president-elect when in fact no presidential election has yet been held.
__________________________________________
Holder to be named attorney general
http://en.wikipedia.org/wiki/Eric_Holder
President-elect Obama has offered Eric Holder the position of attorney general, and Holder has accepted it, according to sources involved in the process. The formal announcement has been held up while Obama transition team members ran the idea past key senators. And Obama wanted to announce members of his financial team first -- Treasury Secretary and so on.
Naked short selling
http://karmabanqueradio.com/
Max Keiser on Naked Short Selling & Other Market Rigs
As Goldman is accused of naked short selling resulting in losses for their own clients, check out Rigged Markets. Max made this film for Aljazeera over a year ago and talks about these sort of market rigging schemes that make sure the big guy always wins, at the expense of the taxpayer and the little guy. And watch the second half where Max warns of fascism as governments intervene in markets on behalf of individual corporations (and banks).
Max Keiser on Naked Short Selling & Other Market Rigs
As Goldman is accused of naked short selling resulting in losses for their own clients, check out Rigged Markets. Max made this film for Aljazeera over a year ago and talks about these sort of market rigging schemes that make sure the big guy always wins, at the expense of the taxpayer and the little guy. And watch the second half where Max warns of fascism as governments intervene in markets on behalf of individual corporations (and banks).
3 factors helping markets
A few factors helping markets this morning after futures were trading off 20 +/- points:
1. YHOO up with the Yang news, 2. HPQ good earning and guidance, and 3. PPI falling more than anticipated.
Qs traded up from 28 support in premarket.
Certainly markets are showing volatility.
Good luck with trading
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33318066
1. YHOO up with the Yang news, 2. HPQ good earning and guidance, and 3. PPI falling more than anticipated.
Qs traded up from 28 support in premarket.
Certainly markets are showing volatility.
Good luck with trading
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33318066
Paulson gang gazillion using deception
Futures are again red reflecting evil greed paulson hell.
@ES 835.50 -15.50
@NQ 1135.50 -23.00
@ES 835.50 -15.50
@NQ 1135.50 -23.00
Monday, November 17, 2008
Bushnomic mass slaughtering
50,000 ~> 53,0000: Citi to Cut 53,000 Jobs, Boosting Total to 20%
Bushnomic mass slaughtering.
May God have Mercy and Grace. Only GOD knows entire details of the grand scheme.
Bushnomic mass slaughtering.
May God have Mercy and Grace. Only GOD knows entire details of the grand scheme.
The job picture continued to dim Monday with Citigroup confirming a higher level of layoffs than originally anticipated and JPMorgan Chase apparently ready to follow suit.
The latest moves in the banking sector come amid an overall wave of layoffs across the United States as companies move to cut costs in the face of slackening demand and a general economic downturn.
Indeed, the National Association of Business Economists' poll of 50 professional forecasters released Monday said U.S. economy is in recession and will contract at a faster pace in the fourth quarter. The unemployment rate was likely to peak at 7.5 percent by the third quarter of 2009. The latest jobs report put the unemployment at 6.5 percent, a 15-year high.
Slideshows On the Job Front ... |
Here's a rundown of some of the recently announced job cuts: (source: Reuters, with CNBC staff):
Citigroup [C 8.89
-0.63 (-6.63%) 
] is cutting as many as 53,000 jobs in its investment bank and other divisions throughout the world. (Read more here)JPMorgan Chase [JPM 32.77
-1.70 (-4.93%) ] is looking at cutting at least 10 percent and maybe 15 percent of its workforce. (Read story here)- Sun Microsystems [JAVA 3.61 -0.51 (-12.38%) ] said Friday it plans to cut up to 6,000 jobs, or 18 percent of its global work force, as sales of high-end servers have collapsed.
- BT Group [BT 17.91 -0.59 (-3.19%) ], the UK telecommunications firm, will cut 10,000 jobs, or 6.3% of its global work force, in the first quarter of 2009.
- Applied Materials [AMAT 10.00 -0.23 (-2.25%) ], the semiconductor-and-solar panel equipment maker, is slashing 1,800 jobs, the company annonnced after reporting four-quarter profits fell 45% on weak sales due to declining corporate technology spending.
- Circuit City [CC 0.215 -0.055 (-20.37%) ], which is filing for bankruptcy, is laying off about 17 percent of its domestic work force, which could affect up to 7,300 people.
- Deutsche Post [AG 27.10 -0.50 (-1.81%) ], German mail and logistics company Deutsche Post will cut 9,500 jobs at its DHL unit in the U.S. and eliminate U.S.-only domestic express shipping.The new round of cuts, which will see the shedding of 7,000 in a single town, Wilmington, Ohio (pop. 12,00) that has been the hub of DHL's five-year effort to take on US rivals UPS and FedEx on their home turf, are on top of another 5,400 job cuts it already announced.
- Nortel Networks [NT 0.66
0.10 (+17.86%) ] plans to lay off 1,300 workers, nearly 5 percent of its workforce. - Motorola [MOT 3.98 -0.10 (-2.45%) ] posted a third-quarter net loss and revenue fell a steeper-than-expected 15 percent, as a result the telecom equipment maker will slash 3,000 jobs in a cost-cutting effort.
- Ford [F 1.72 -0.08 (-4.44%) ] said it would cut 2,260 white-collar workers in North America.
- General Motors [GM 3.18 0.17 (+5.61%) ], which previously said it would reduce salaried employment costs by 20 percent, will also cut another 1,900 salaried jobs on top of the 5,100 announced last summer. GM also said it is reducing some employee benefits, including 401 k contributions and other programs.
- Fidelity Investments will start laying off about 2.9 percent of its global workforce later this month—affecting 1,288 workers in the first round from a workforce of 44,4000—and plans to trim more workers early next year.
- Toy maker Mattel Inc. [MAT 13.39 -0.52 (-3.74%) ] says it is cutting some 1,000 positions worldwide in response to the ongoing economic downturn. The El Segundo-based company says the positions amount to 3 percent of the company's worldwide workforce and will reduce its professional and management staff by 8 percent. Cuts will come from a combination of layoffs, attrition and retirements, the company said.
- Goldman Sachs [GS 62.49 -4.24 (-6.35%) ] notified roughly 3,200 employees this month that they have been laid off, part of previously reported plans to slash 10 percent of the firm's global work force. The move comes after laying off hundreds of support staff and junior bankers in June. The company had a record 32,569 employees in August and the latest cuts reduce headcount to the lowest since 2006.
- At Merrill Lynch [MER 11.78 -1.42 (-10.76%) ], 10,000 employees could be jettisoned as a result of the merger with Bank of America [BAC 15.03 -1.39 (-8.47%) ].
- Bank of America, the second-largest U.S. bank by assets said in June it expected to eliminate about 7,500 jobs over the next two years after the completion of its acquisition of Countrywide Financial Corp, the largest U.S. mortgage lender.
- Barclay's [BCS 9.23 -0.06 (-0.66%) ] plans to cut about 3,000 jobs as it brings Lehman Brothers into its fold. Lehman, which filed for bankruptcy last month, had 26,000 employees. About 10,000 have been given jobs until at least the end of the year.
- The lack of merger and acquisitions and initial public offerings is hitting Morgan Stanley [MS 11.22 -0.81 (-6.74%) ] hard. The U.S. investment bank said on July 31 it was finished cutting jobs, having slashed 4,800 jobs in the past year but some analysts expect Morgan could lay off 15 percent of its work force.
- Wachovia [WB 5.27 -0.22 (-4.01%) ], said in August it would cut 6,950 jobs, 600 more than it had previously disclosed.
UBS [UBS 11.70
0.20 (+1.74%) ] said at the beginning of October it would cut another 2,000 jobs at its troubled investment bank. The job losses come on top of 7,000 jobs already cut, about 4,100 of which were in investment banking positions cut in the past year. The bank will have reduced its headcount by more than 10 percent to under 80,000.- Credit Suisse [CSGKF 25.25 -1.75 (-6.48%) ] has axed more than 1,500 jobs, the majority in investment banking in the last year since 2007, and on Tuesday it said it would cut 500 more jobs.
- HSBC [HBCYF 10.45 0.15 (+1.46%) ] said late last month it was cutting 1,100 jobs in its investment banking operation, or 4 percent of the workforce.
Commerzbank [CBK.DE Unavailable ()
] announced its plan to cut 9,000 jobs in the wake of its agreement to purchase Dresdner Bank from Allianz [AZ 6.74 -0.26 (-3.71%) ]. About 2,500 jobs of the 9,000 cuts will be outside Germany.UniCredit [UNCFF 2.25
-0.50 (-18.18%) ], Europe's fourth-largest bank said in June it would shed 9,000 posts out of 100,000 in Germany, Austria and its domestic base Italy.First American [FAF 19.32
-0.47 (-2.37%) ], the largest U.S. title insurer, by reported revenue said last month it cut 1,250 jobs in the third quarter, bringing the total for the year to about 2,950, or 8 percent of its workforce. It has cut roughly 6,500 jobs since the first quarter of 2007.- National City Corp [FAF 19.32 -0.47 (-2.37%) ] said this month it planned to reduce 4,000 jobs, or 14 percent of its workforce, over three years to save $500 million to $600 million annually by 2011.
- Computer maker Dell [DELL 10.52 -0.37 (-3.4%) ], which is nearing the end of nearly 9,000 job cuts, has asked employees to consider taking up to five days of unpaid vacation, is offering voluntary severance packages and has instituted a global hiring freeze.
- Nissan [NSANF 3.83 -0.17 (-4.25%) ] announced layoffs affecting 2,500 salaried jobs overseas and 1,000 temporary posts in Japan amid plans to cut vehicle productions globally.
- Privately held Chrysler said it was cutting about 5,000 salaried employees. Earlier in the month, it said was slashing 1,825 jobs as the result of plant closings.
- Money manager Janus Capital [JNS 6.57 -0.70 (-9.64%) ] said it would cut 9 percent of its staff a day after rival AllianceBernstein said it would make unprecedented job cuts.
- Xerox [XRX 6.02 -0.34 (-5.35%) ] announced job cuts of 5 percent, or 3,000 positions, due to a "tough business environment."
- Hewlett-Packard [HPQ 29.34 -1.12 (-3.68%) ] is laying off more than 24,00 employees due to weak technology spending and the integration of tech-services giant Electronic Data Systems, which H-P acquired earlier this year for $13.25 billion.
- Mining equipment maker Terex [TEX 11.77 -0.35 (-2.89%) ] said it would lay off hundreds of workers and suspend its share buyback program to preserve cash.
- Starwood Hotels & Resorts Worldwide [HOT 14.80 -0.19 (-1.27%) ] said it plans to cut an unspecified number of jobs to offset slowing travel demand.
- American Century says is plans to cut 270 jobs this week, reducing workforce by 17 percent. They insist that no portfolio managers are to be affected by the impending job cuts.
- Merck [MRK 25.99 -1.34 (-4.9%) ] announced plans to cut 12 percent of its workforce, citing a need to change its business model in order to survive.
- Fidelity National Financial [FNF 9.01 -0.46 (-4.86%) ], which controls one of the largest U.S. title insurers, announced 1,000 job cuts, office closings, a 10 percent pay cut and a 50 percent dividend cut, which comes on top of 1,600 job eliminations in the April-to-June period.
- Biotechnology company Maxygen [MAXY 4.54 0.36 (+8.61%) ] plans to cut nearly 30 percent of its workforce and explore strategic options due to the current financial environment
- Popular Inc. [BPOP 6.05 0.08 (+1.34%) ], parent of Banco Popular, is cutting 600 positions and more than a quarter of its branches in the United States.
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