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I mentioned in a post two days ago that all the major stock market indices were still trading above the key 200-day moving averages – an indicator of the primary trend. The Shanghai Composite Index (2,994 this morning) has since fallen to within a hair’s breadth of the 200-day line (2,989). Read on for more about this, as well as interesting developments regarding the US dollar. [...] More on this topic (What's this?) The Death of the Dollar (Learn Mining News, 4/26/12) Will the Dollar Be Replaced As a Reserve Currency? (Investment U, 5/3/12) USD Rally Continues (Jutia Group, 5/9/12)
“For now the tape remains defensive and the sellers for the first time in a while are in control of that tape. While this condition exists it will be hard to see anything but shallow bounces. However, at lower levels we believe buyers will re-emerge. When they do, along with the negative sentiment and trading strategies that are currently in place, equities are likely to surge once more,” said technical analyst Kevin Lane in this guest post. [...] More on this topic (What's this?) Economist Gary Shilling: S&P 500 will drop 43% this year? (Value Investing, 4/11/12) Sell in May and Go Away? No Way! (Wall Street Daily, 5/10/12) Stocks Have You Worried? Here's What You Do (Money Morning, 5/14/12)
I have done a quick textual analysis of President Obama’s SOTU speech. As to be expected “jobs” commanded a high position, having been referred to on 29 occasions, matching “work” (x 29) and trailing just behind “people” (x 33). Although mentioned a number of times, “economy” (x 15) and “deficit” (x 10) were not quite in poll position. Oops, I almost missed 21 mentions of “tax” … [...] More on this topic (What's this?) The Big Picture For the Week of April 29, 2012 (Random Roger's Big Picture, 4/28/12) The Obama Bubble (Wealth Daily, 6/16/09) Presiential Boon for LED? (Wealth Daily, 6/30/09)
Withdrawing economic stimuli and tightening monetary policy are very difficult future policy choices, but something has to be done because asset bubbles have started to take shape, Nouriel Roubini, chairman of Roubini Global Economics, told CNBC in a video interview. [...] More on this topic (What's this?) Nouriel Roubini Warns of "Stagdeflation" (Wealth Daily, 8/24/09) Flip-Flopping Roubini is Bearish Again (Wealth Daily, 8/20/09) Roubini: Worst is Over (Expected Returns, 7/16/09)
While the AIG controversy rages and the enquiry into the bailout gathers momentum, Professor Linus Wilson of the University of Louisiana has put together a helpful chart showing exactly how the bailout was constructed, indicating which banks got how much. [...] More on this topic (What's this?) Whitney Tilson’s Bullish Case: AIG (Value Investing, 5/16/12) AIG Shares Worth $5B Unloaded by US Treasury (Value Investing, 5/7/12) Aftermath of a Crisis (Finance Documentaries, 5/18/12)
This post features a guest contribution by Kalpa, author of the Financial News Express blog, on the very topical debate regarding deflation. [...] More on this topic (What's this?) And Yet Another One Bites the Dust (Gold Versus Paper, 4/19/12) Mauldin Says Deflation Is Coming: Why He Is Wrong, Stuck "Inside the Box" & Hopelessly Conflicted (REIT Wrecks, 7/9/09) July CPI Figures Highlight Deflation Risks (The Value at Risk, 8/14/09) | ||||||||||||||||||||||||||||||||||||||||||||||
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