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 By Prieur du Plessis, on May 26th, 2009 posted in: Investment, Markets, Money, Stocks  Leave your comment
“The S&P 500 Index, after stalling below resistance for much of May, has now slipped below its lower channel line and is testing price support again at the 875 level. If the 875 level is violated the market will become more defensive and expect selling to materialize quickly as traders will look to lock in remaining profits from this rally,” said technical analyst Kevin Lane. [...] More on this topic (What's this?) S&P Caught Between A Rock And A Hard Place (The Wild Investor, 5/13/09) Proceed With Caution (Contrarian Profits, 5/11/09) Economist Gary Shilling: S&P 500 will drop 43% this year? (Value Investing, 4/11/12) By Prieur du Plessis, on May 26th, 2009 posted in: Economy, Investment 3 people had their say - chime in!
Although the rates at which banks lend to each other have eased considerably from their peaks, banks have cut back significantly on the amount of money they are actually lending. Meanwhile, the excess reserves of banks hit a record $877 billion. A peak in the excess reserves should coincide with the global credit system returning to normal levels and liquidity starting to move freely again. [...] More on this topic (What's this?) Should You Lend Money to Your In-Laws? (Invesmint, 5/21/09) First Solar (FSLR) Signs Supply Agreement With Lend Lease (Green Stocks Central, 6/15/09) Paul Van Eeden: Banks Aren't Lending Because They're Still Broke (Blogging the Commodity Bull Market, 5/2/09)  |
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