Equities Archive

Q2

Q2 ended ECB rolled it all over Greece weathered the quarter end storm without going parabolic as in previous spikes, as ECB buying continues to provide the secondary market liquidity that enables dealers to buy the auctions. Euro back up towards 1.24 This would be the time for equity markets to bottom ...Read More

PCE/Personal Income

Very good, looks like continuing muddling through with moderate growth unemployment drifting lower in a few months when there are no more hours to add to the existing labor force. Welcome to Japan, Mr. US bond market? Ok market for stocks, especially with Euro zone risk fading. Just China h2 risk left, ...Read More

Bloomberg- Millionaires’ Ranks Grow 14%

govt deficits = ‘non govt’ savings: The recovery in wealth last year was a result of resurgent financial markets and increased savings, the report said. The Standard & Poor’s 500 Index rose 20 percent in 2009 and the U.S. savings rate averaged 4.2 percent compared with 2.6 percent a year earlier. >    ...Read More

Intraday SPX

Nice call by Warren on a day and a half: ...Read More

Updated: 7 Deadly Innocent Frauds

Link: Seven Deadly Frauds of Economic Policy (June 17, PDF Link) Order 7 Deadly Innocent Frauds of Monetary Policy $19.95 and Free Shipping in the Continental US! ...Read More

more weak July data

[Skip to the end] >    >   (email exchange) >    >   On Wed, Aug 19, 2009 at 9:38 AM, Morris Smith wrote: >    >   Really lousy economic data continues about July >    Yes, looking awful from a lot of angles. This latest govt. attack on bank capital, especially small banks, might be biting deeper than the ...Read More

earning season adjustment

[Skip to the end] Looks to me like the earnings season adjustment I wrote about a few weeks ago is now priced in. [top] ...Read More

ISM (non-Mfg)

[Skip to the end] (email exchange) yes, seems second quarter earnings should be better than expected and that costs are way down which will add to profitability even with flattish sales. and very wide net interest margins will support bank earnings growth even with low volume and continuing losses. this can be ...Read More

Microsoft/yahoo

Expect a lot more takeover activity supporting equities. Forces are stacked against ‘normal’ shareholding, as management is incented to dilute shareholders as previously discussed, and as repeatedly demonstrated during the last 6 months via dilutive converts, etc. By taking over the entire company, that risk goes away. This means that since public ...Read More