Shows me specualtion is as feverish as ever, as players think how to PROFIT from the natural disaster Katrina, it ain't sick it's America. Even goofs calling into Cramer with Katrina plays, how wonderful.
Did you see the miles and miles upon miles of land under water? And it hit the poorest worst. A whole city out of action plus Mobile and others for months and months.
High oil is causing a stampede to alternative enrgy plays, but like above article, these companies will run out of cash before ever sniffing a profit, be careful here.These little gems could become very volatile.
2 better companies IMHO are HYGS and QTWW, more going for them in long run. I do not own shares at this time. HYGS has good resistance near $4, PBW is a clean energy fund, more diversified if interested.
A lot of bad things swirling around IMHO, and it isn't like consumers are already sitting in catbird seat either.
Long time bulls have not changed their stance on iota. $65 oil no alarms, but $70 yes?????
Energy play couldn't be more exposed and loved.
Future growth and SPX profit growth at risk.
In Sept, volume should increase, rubber will meet the road and it may burn.
Are you just sitting there fully invested in stocks? Maybe good time to talk to a pro and make sure you are diversified in a way that makes you comfortable, IMHO over exposure to stocks could be short to intermediate term painful.
And your goals might be different if you are closer to retirement than if your time horizon is much farther out. I would RAISE CASH levels to at least 25% maybe 40% so if a decline of measurable intensity arrives, you will have CASH to buy at much lower levels, if FULLY invested you can't do that....and I find little to convince me broad economic expansion is around the corner.
Duratek
Tuesday, August 30, 2005
BONDS
click for larger image
If bonds at a low, they need to RISE immediately (in yield).Near .618 FIB
Similar TA at previous lows.
D
Inversison dead ahead
click for larger image.
Greenspan has 2 lips, one for manipulating rates lower long term, and one to warn of housing bubble.
Duratek
GUITAR LOVERS!!!!
http://www.kimock.com/eudemonic/ in stores now, hear 3 tracks TUNE IN.
Then see his TOUR DATES, BEST live performance, jam band incredable band
D
Then see his TOUR DATES, BEST live performance, jam band incredable band
D
ROCK AND HARD PLACE
NEW YORK, Aug 30 (Reuters) - U.S. stocks fell on Tuesday, led by declines in retailers, insurers and transportation companies, a day after Hurricane Katrina hit the Gulf Coast, causing oil prices to soar to a new record.
The market was also jolted by minutes of the rate-setting meeting of the Federal Reserve on Aug. 9, which showed most participants viewed U.S. inflation as having accelerated and high energy prices as a "significant drag" on the economy.
AND THIS
Energy Prices, Jobs Climate Underscore Policy-Makers' Need for Rate Hike, Fed Minutes Show
WASHINGTON (AP) -- Surging energy prices and a strengthening jobs climate raised the risk that inflation could worsen, underscoring the need for Federal Reserve policy-makers in August to keep boosting short-term interest rates higher.
**Some last minute tinkering saved todays market, don't be fooled it is safe. Perfect STorm is here. INVERSION of yield curve is next
D
The market was also jolted by minutes of the rate-setting meeting of the Federal Reserve on Aug. 9, which showed most participants viewed U.S. inflation as having accelerated and high energy prices as a "significant drag" on the economy.
AND THIS
Energy Prices, Jobs Climate Underscore Policy-Makers' Need for Rate Hike, Fed Minutes Show
WASHINGTON (AP) -- Surging energy prices and a strengthening jobs climate raised the risk that inflation could worsen, underscoring the need for Federal Reserve policy-makers in August to keep boosting short-term interest rates higher.
**Some last minute tinkering saved todays market, don't be fooled it is safe. Perfect STorm is here. INVERSION of yield curve is next
D
Market got you down?????
Let Jolie make it all better for you.....or you could just read my damn blog!! LOL
But I DO have my finger on the pulse do I not?
D
A Friendly Reminder
All content posted on this site is commentary or opinion and is protected under Free Speech. My BLOG is presented for educational and commentary purposes only and should not be construed as professional advice from any licensed practitioner. It is not intended as a substitute for the diagnosis, treatment or advice of a qualified professional. I assume no responsibility for the use or misuse of this material.
As I stated below, I SHARE my opinion, my purpose is to open your eyes to what may be actually going on. YOU must decide what to do or not to do or seek the advice of a pro.
This is one of the reasons I have hesitated giving any info of direct actions I may take in market, as I charge nothing for my opinions, as I want it.
My main theme is one of CAUTION, so its not always about how much you can make but how much you manage NOT to lose!
D
As I stated below, I SHARE my opinion, my purpose is to open your eyes to what may be actually going on. YOU must decide what to do or not to do or seek the advice of a pro.
This is one of the reasons I have hesitated giving any info of direct actions I may take in market, as I charge nothing for my opinions, as I want it.
My main theme is one of CAUTION, so its not always about how much you can make but how much you manage NOT to lose!
D
HOUSING BUBBLE?
NewsTarget.com printable article Monday, August 29, 2005
The "housing bubble" is due to burstConsumers are selling their homes in hopes of taking advantage of the "housing bubble" before it bursts.
Overview:
My wife and I have lived in the same home for 25 years, raised both of our children there, and owned the property outright without any loans or mortgage.
I don't say that for sympathy, but to illustrate that we played by the rules, worked hard, paid our taxes, and took advantage of the American dream of home ownership.
The current housing bubble is "larger than the global stock market bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stock market bubble in the late 1920s (55% of GDP).
The banks have lowered the standards for home loans to such an extent that the traditional loan of 20% down and a fixed interest rate is virtually a thing of the past.
Consider this: In 2004 "one-fourth of all home-buyers -- including 42% of first-time buyers -- made no down payment."
Sorry, but if a buyer can't come up with at least $5,000 dollars for a down payment, he shouldn't qualify for a home loan.
Equally troubling is the fact that "nearly one third of all new mortgages this year call for interest-only payments (in California, it's almost half)" (NY Times) This tells us that a large number of new buyers can barely make their payments, but are gambling that their property value will go up enough to justify their investment.
Remember, "class-warrior" Alan Greenspan lowered the prime rate to a ridiculously low 1% in 2002 to keep the economy humming along while $300 billion was sluiced into Bush's "preemptive" war in Iraq and while the tax cuts were siphoning the last borrowed farthing out of the public coffers.
The Bush tax cuts transferred an average of $400 billion dollars per year into the pockets of America's plutocrats.
Source: http://www.dissidentvoice.org/July05/Whitney0727.htm
NewsTarget.com printable articleMonday, August 29, 2005
The "housing bubble" is due to burstConsumers are selling their homes in hopes of taking advantage of the "housing bubble" before it bursts.
Overview:
My wife and I have lived in the same home for 25 years, raised both of our children there, and owned the property outright without any loans or mortgage.
I don't say that for sympathy, but to illustrate that we played by the rules, worked hard, paid our taxes, and took advantage of the American dream of home ownership.
The current housing bubble is "larger than the global stock market bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stock market bubble in the late 1920s (55% of GDP).
The banks have lowered the standards for home loans to such an extent that the traditional loan of 20% down and a fixed interest rate is virtually a thing of the past.
Consider this: In 2004 "one-fourth of all home-buyers -- including 42% of first-time buyers -- made no down payment."
Sorry, but if a buyer can't come up with at least $5,000 dollars for a down payment, he shouldn't qualify for a home loan.
Equally troubling is the fact that "nearly one third of all new mortgages this year call for interest-only payments (in California, it's almost half)" (NY Times) This tells us that a large number of new buyers can barely make their payments, but are gambling that their property value will go up enough to justify their investment.
Remember, "class-warrior" Alan Greenspan lowered the prime rate to a ridiculously low 1% in 2002 to keep the economy humming along while $300 billion was sluiced into Bush's "preemptive" war in Iraq and while the tax cuts were siphoning the last borrowed farthing out of the public coffers.
The Bush tax cuts transferred an average of $400 billion dollars per year into the pockets of America's plutocrats.
Source: http://www.dissidentvoice.org/July05/Whitney0727.htm
All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing LLC takes sole responsibility for all content. Truth Publishing sells no hard products and earns no money from the recommendation of products. Newstarget.com is presented for educational and commentary purposes only and should not be construed as professional advice from any licensed practitioner. It is not intended as a substitute for the diagnosis, treatment or advice of a qualified professional. Truth Publishing assumes no responsibility for the use or misuse of this material.
The "housing bubble" is due to burstConsumers are selling their homes in hopes of taking advantage of the "housing bubble" before it bursts.
Overview:
My wife and I have lived in the same home for 25 years, raised both of our children there, and owned the property outright without any loans or mortgage.
I don't say that for sympathy, but to illustrate that we played by the rules, worked hard, paid our taxes, and took advantage of the American dream of home ownership.
The current housing bubble is "larger than the global stock market bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stock market bubble in the late 1920s (55% of GDP).
The banks have lowered the standards for home loans to such an extent that the traditional loan of 20% down and a fixed interest rate is virtually a thing of the past.
Consider this: In 2004 "one-fourth of all home-buyers -- including 42% of first-time buyers -- made no down payment."
Sorry, but if a buyer can't come up with at least $5,000 dollars for a down payment, he shouldn't qualify for a home loan.
Equally troubling is the fact that "nearly one third of all new mortgages this year call for interest-only payments (in California, it's almost half)" (NY Times) This tells us that a large number of new buyers can barely make their payments, but are gambling that their property value will go up enough to justify their investment.
Remember, "class-warrior" Alan Greenspan lowered the prime rate to a ridiculously low 1% in 2002 to keep the economy humming along while $300 billion was sluiced into Bush's "preemptive" war in Iraq and while the tax cuts were siphoning the last borrowed farthing out of the public coffers.
The Bush tax cuts transferred an average of $400 billion dollars per year into the pockets of America's plutocrats.
Source: http://www.dissidentvoice.org/July05/Whitney0727.htm
NewsTarget.com printable articleMonday, August 29, 2005
The "housing bubble" is due to burstConsumers are selling their homes in hopes of taking advantage of the "housing bubble" before it bursts.
Overview:
My wife and I have lived in the same home for 25 years, raised both of our children there, and owned the property outright without any loans or mortgage.
I don't say that for sympathy, but to illustrate that we played by the rules, worked hard, paid our taxes, and took advantage of the American dream of home ownership.
The current housing bubble is "larger than the global stock market bubble in the late 1990s (an increase over five years of 80% of GDP) or America's stock market bubble in the late 1920s (55% of GDP).
The banks have lowered the standards for home loans to such an extent that the traditional loan of 20% down and a fixed interest rate is virtually a thing of the past.
Consider this: In 2004 "one-fourth of all home-buyers -- including 42% of first-time buyers -- made no down payment."
Sorry, but if a buyer can't come up with at least $5,000 dollars for a down payment, he shouldn't qualify for a home loan.
Equally troubling is the fact that "nearly one third of all new mortgages this year call for interest-only payments (in California, it's almost half)" (NY Times) This tells us that a large number of new buyers can barely make their payments, but are gambling that their property value will go up enough to justify their investment.
Remember, "class-warrior" Alan Greenspan lowered the prime rate to a ridiculously low 1% in 2002 to keep the economy humming along while $300 billion was sluiced into Bush's "preemptive" war in Iraq and while the tax cuts were siphoning the last borrowed farthing out of the public coffers.
The Bush tax cuts transferred an average of $400 billion dollars per year into the pockets of America's plutocrats.
Source: http://www.dissidentvoice.org/July05/Whitney0727.htm
All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing LLC takes sole responsibility for all content. Truth Publishing sells no hard products and earns no money from the recommendation of products. Newstarget.com is presented for educational and commentary purposes only and should not be construed as professional advice from any licensed practitioner. It is not intended as a substitute for the diagnosis, treatment or advice of a qualified professional. Truth Publishing assumes no responsibility for the use or misuse of this material.
CHAIN SMOKING
or NICOTINE WITHDRAWL?
It's ALL about the oil? Look for headlines in CNN or YHOO financial page for what isn't the causal factor of the day. They NEVER called me and asked for my quote!
Factory orders DECLINE AM DATA, Consumer Confidence slips. We are in that small window, end of month and first few days of month wise guy mark ups with positive bias, see what hay the market can make.
IF 2006 economy is going to be a dissapointment, the markets will see this some time in advance, be nimble, VERY nimble if long.
It's so much not about Katrina or quote of the day, it is about the ground under our feeet as I continuosly try to lay out the reasons for AVIAN FLU ECONOMY.
We have our booms, then busts, and the bottoms always look similar, only the past Bear bottom looked more like a top! The PAIN only delayed, many have used this opp to exit with their shirt.While the unawares lemmings stride closer and closer to the edge, when ONE of them jumps, you will see it in the VIX! This unusual period of LOW LOW COMPLACENCY is coming to an end.
GOLD PLUMMETS this AM off $5, where is the metals indication of inflation? TOO MANY dollars chasing TOO FEW goods? How about Too FEW dollars chasing TOO MANY goods, because inflation of the things we must have has ROBBED precious consumer spending dollars and taken US Savings rate down to Depression like ZERO!
LONG ago the US lost control of its destiny.......as 2 faced Greenspan is in complete denial of his role............and he continues to squeal a warning.
ANY inability of markets to rally and or volume to pick up on said during this PEAK bullish zone, will NOT speak good for the period directly after!
I laid out the history going back to 2003 in an earlier post
Duratek
It's ALL about the oil? Look for headlines in CNN or YHOO financial page for what isn't the causal factor of the day. They NEVER called me and asked for my quote!
Factory orders DECLINE AM DATA, Consumer Confidence slips. We are in that small window, end of month and first few days of month wise guy mark ups with positive bias, see what hay the market can make.
IF 2006 economy is going to be a dissapointment, the markets will see this some time in advance, be nimble, VERY nimble if long.
It's so much not about Katrina or quote of the day, it is about the ground under our feeet as I continuosly try to lay out the reasons for AVIAN FLU ECONOMY.
We have our booms, then busts, and the bottoms always look similar, only the past Bear bottom looked more like a top! The PAIN only delayed, many have used this opp to exit with their shirt.While the unawares lemmings stride closer and closer to the edge, when ONE of them jumps, you will see it in the VIX! This unusual period of LOW LOW COMPLACENCY is coming to an end.
GOLD PLUMMETS this AM off $5, where is the metals indication of inflation? TOO MANY dollars chasing TOO FEW goods? How about Too FEW dollars chasing TOO MANY goods, because inflation of the things we must have has ROBBED precious consumer spending dollars and taken US Savings rate down to Depression like ZERO!
LONG ago the US lost control of its destiny.......as 2 faced Greenspan is in complete denial of his role............and he continues to squeal a warning.
ANY inability of markets to rally and or volume to pick up on said during this PEAK bullish zone, will NOT speak good for the period directly after!
I laid out the history going back to 2003 in an earlier post
Duratek
Monday, August 29, 2005
INVESTORS NOT INTERESTED?
RR thinks investors have turned away from stocks to real estate.
Then WHY is share volume at record levels even as Dollar volume is 25% of what it was?
Thanks to cross-currents.net
D
DOH! I should have invested in lumber!
"need some wood?"
And Kerry turned into the dead wood for the dem's hopeful. Bush lame, democratic party? very lame!
SCRIPT WRITERS DILEMA
Storm ebbs, stocks rise
CNN
5:43p
Downgrade of Hurricane Katrina, retreat for oil prices, help stock market recover, rise.
*They must have a NEW tagline for each days action, no matter how stupid. When storm "ebbed" it left multi billions of destruction! how wonderful!
Those who missed out on the first real estate bubble get a second chance......
D
CNN
5:43p
Downgrade of Hurricane Katrina, retreat for oil prices, help stock market recover, rise.
*They must have a NEW tagline for each days action, no matter how stupid. When storm "ebbed" it left multi billions of destruction! how wonderful!
Those who missed out on the first real estate bubble get a second chance......
D
FLECK ON HOUSING
BOONDOGGLE? bubble or bust. The LYNCHPIN of the US economy is on shakey "ground". And It doesn't matter if the makt rallies on wrongful fears exposed of a meteor collision with Earth, the truth will out
D
D
SOME DOW TA Observations
’03 Rally year rallied right thru “bad season”,
Short pause in early Sept, then full speed to yr end.
FEB was high in ’04 and ’05 !! Stocks now lower than in FEB ‘04
Steep decline began in EARLY Sept ’04 bottomed in MID OCT set up rally to DEC but declined into mid JAN then set up Jan/FEB ’05 high with sharp rally.
Right shoulder off 10,940 high now in place in area of 10,651, left shoulder way back in ’04 at 10,627 Feb
Conclusion 10,940 key to Bullish case (maybe even 10,627-51) or bearish case if holds.
Bearish case break of 10K
SToch weekly declining along with WEAK MACD support bearish SEPT IMHO
WE might first now get some points into VERY early Sept, then seasonal weakness takes over.
Short pause in early Sept, then full speed to yr end.
FEB was high in ’04 and ’05 !! Stocks now lower than in FEB ‘04
Steep decline began in EARLY Sept ’04 bottomed in MID OCT set up rally to DEC but declined into mid JAN then set up Jan/FEB ’05 high with sharp rally.
Right shoulder off 10,940 high now in place in area of 10,651, left shoulder way back in ’04 at 10,627 Feb
Conclusion 10,940 key to Bullish case (maybe even 10,627-51) or bearish case if holds.
Bearish case break of 10K
SToch weekly declining along with WEAK MACD support bearish SEPT IMHO
WE might first now get some points into VERY early Sept, then seasonal weakness takes over.
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