Comments on: Words from the (investment) wise for the week that was (January 5 – 11, 2009) http://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/ Prieur du Plessis’s international investment blog Sun, 29 Jan 2012 22:06:48 +0000 hourly 1 http://wordpress.org/?v=3.1.1 By: Prieur du Plessishttp://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/comment-page-1/#comment-7871 Prieur du Plessis Mon, 12 Jan 2009 05:29:47 +0000 http://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/#comment-7871 Frank: The start value for the first five trading days of the S&P 500 is 903.25 (close on December 31) and the end value is 909.73 (close on January 8). The first five days were made up of Jan 2, 5, 6, 7 and 8. Frank: The start value for the first five trading days of the S&P 500 is 903.25 (close on December 31) and the end value is 909.73 (close on January 8). The first five days were made up of Jan 2, 5, 6, 7 and 8.

]]> By: Frank Ahttp://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/comment-page-1/#comment-7870 Frank A Mon, 12 Jan 2009 05:20:11 +0000 http://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/#comment-7870 Am I missing something, (from article) "i.e. the so-called “January Barometer”. So far so good, as the S&P 500 registered a gain of 0.7% over the first five days (although the Dow was down by 0.4%)." I thought the S&P started the year just above 930 and ended the week at 890. That would be negative, n'est pas. Am I missing something, (from article)
“i.e. the so-called “January Barometer”. So far so good, as the S&P 500 registered a gain of 0.7% over the first five days (although the Dow was down by 0.4%).”
I thought the S&P started the year just above 930 and ended the week at 890. That would be negative, n’est pas.

]]> By: Prieur du Plessishttp://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/comment-page-1/#comment-7865 Prieur du Plessis Mon, 12 Jan 2009 04:59:03 +0000 http://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/#comment-7865 Gary: Also see the comment by Dave below the "Gold or platinum?" post. In addition to PTM, there is also the PGM-iPath Dow Jones-AIG Platinum Total Return Sub-Index ETN. If you're bearish, there is the PTD-E-TRACS UBS Short Platinum ETN. Gary: Also see the comment by Dave below the “Gold or platinum?” post. In addition to PTM, there is also the PGM-iPath Dow Jones-AIG Platinum Total Return Sub-Index ETN. If you’re bearish, there is the PTD-E-TRACS UBS Short Platinum ETN.

]]> By: Frank Whttp://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/comment-page-1/#comment-7863 Frank W Mon, 12 Jan 2009 01:00:52 +0000 http://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/#comment-7863 The ... Federal Open Market Committee’s meeting of December 15 and 16 showed committee members very concerned about the economic outlook. It was decided ... to buy assets to help reduce longer-term interest rates..." This will cause the fixed interest yield curve to flatten and consequently lengthen and thereby deepen the recession. '30 leading asset managers and strategists [say] “high-grade corporate bonds are set to outperform other asset classes in 2009″.' We are approaching the time when corporations will increasing default on their bonds and some will go under. "US investment-grade corporate bond prices, for example, imply a cumulative default rate of 36% over five years..." I expect things to get worse. Large caps are not a safe haven. They are more dangerous than small caps, because they depend on money center banks, which are not lending. Corporate bonds are paying around 22%. "Nouriel Roubini - worst is still ahead of US" The leading indicators stink -- at least to six months out. The … Federal Open Market Committee’s meeting of December 15 and 16 showed committee members very concerned about the economic outlook. It was decided … to buy assets to help reduce longer-term interest rates…” This will cause the fixed interest yield curve to flatten and consequently lengthen and thereby deepen the recession. ’30 leading asset managers and strategists [say] “high-grade corporate bonds are set to outperform other asset classes in 2009″.’ We are approaching the time when corporations will increasing default on their bonds and some will go under. “US investment-grade corporate bond prices, for example, imply a cumulative default rate of 36% over five years…” I expect things to get worse. Large caps are not a safe haven. They are more dangerous than small caps, because they depend on money center banks, which are not lending. Corporate bonds are paying around 22%. “Nouriel Roubini – worst is still ahead of US” The leading indicators stink — at least to six months out.

]]> By: Garyhttp://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/comment-page-1/#comment-7860 Gary Sun, 11 Jan 2009 23:57:40 +0000 http://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/#comment-7860 I found your blog today and it is excellent. I suspect that I will be a frequent visitor!By the way, there is an ETN for platinum available in the United States, the E-TRACS UBS Long Platinum ETN. It is relatively new and lightly traded but the volume has picked up dramatically in 2009. The ticker symbol is PTM.Gary I found your blog today and it is excellent. I suspect that I will be a frequent visitor!

By the way, there is an ETN for platinum available in the United States, the E-TRACS UBS Long Platinum ETN. It is relatively new and lightly traded but the volume has picked up dramatically in 2009. The ticker symbol is PTM.

Gary

]]> By: Prieur du Plessishttp://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/comment-page-1/#comment-7847 Prieur du Plessis Sun, 11 Jan 2009 15:58:24 +0000 http://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/#comment-7847 Vowani: Thank you for you kind words. Although quite time-consuming, I enjoy compiling the review as it broadens my knowledge considerably and assists with formulating a big picture framework. Vowani: Thank you for you kind words. Although quite time-consuming, I enjoy compiling the review as it broadens my knowledge considerably and assists with formulating a big picture framework.

]]> By: Vowanihttp://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/comment-page-1/#comment-7846 Vowani Sun, 11 Jan 2009 14:32:14 +0000 http://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/#comment-7846 Thanks for your weekly update, it is really one of the best market summary blogs available. Thanks for your weekly update, it is really one of the best market summary blogs available.

]]> By: PostOnFire.comhttp://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/comment-page-1/#comment-7838 PostOnFire.com Sun, 11 Jan 2009 09:23:42 +0000 http://www.investmentpostcards.com/2009/01/11/words-from-the-investment-wise-for-the-week-that-was-january-5-%e2%80%93-11-2009/#comment-7838 <strong>Stock markets splutter on grim data...</strong>Global stock markets reversed course during the last three days of the first full trading week of 2009 as investors were confronted by dreadful economic data, escalating layoffs and a bleak earnings outlook. Read all about this and the implications for... Stock markets splutter on grim data…

Global stock markets reversed course during the last three days of the first full trading week of 2009 as investors were confronted by dreadful economic data, escalating layoffs and a bleak earnings outlook. Read all about this and the implications for…

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