by Marla Singer and Geoffrey Batt Buried in the depths of page 26 of the Office of the Special Inspector General for the Troubled Asset Relief Program's (SIGTARP's) November 17, 2009 report "Factors Affecting Efforts to Limit Payments to AIG Counterparties" hidden in footnotes 33 and 34 is something of a mystery.
Submitted by John Daly of www.oilprice.com Iran’s Nuclear Ambitions Highlight Kazakhstan’s Uranium Potential One bonus of the global recession is that it wiped a lot of incompetent hedge fund managers and energy speculators from the canyons of Wall Street. As the Gordon Gecko sycophants regroup and look for the next Big Thing, maximizing profit while minimizing risk, the landscape looks very different than it did a year ago. In such a climate, it is uranium, not oil and natural gas that would seem to have the brightest future for one simple, overriding capitalist principle – supply and demand.
Yet one more nail in the CRE coffin, and another reason why extend and pretend will be with us for years to come, lest investors wake up and find out just how screwed this country's economy really is. In the meantime, IYR is going to the moon.
More taxpayer money well spent . Then again, the Federal Reserve discovering that the nation's balance sheet is the next repository of worthless and unmanageable residential mortgages (gasp) courtesy of the Fed's own actions would have been worth the price of admission.
Certainly you expected substantially the same thing... no?
Don't say the market is unkind to Goldman. First the firm's employees are about to rake in all time record bonuses. Then, courtesy of of a rocking bear market rally, top-tick Goldman is about to get the hell out of dodge in another GS Capital Partners LBO, Adesa, basically a vehicle auction firm, which the firm bought in conjunction with Kelso in 2006
In the aftermath of last week’s Dubai World market decline, let’s take a look at the EEM - the Emerging Markets ETF to see the recovery and current important level to watch going forward. Weekly Chart: EEM After falling from its 2007 peak of $53 per share to $17.50 a year later, the most popular, highest volume Emerging Market ETF has recovered around 65% of its decline and is up 65% for the year of 2009 so far, after doubling from $20 to $40 from its March 2009 lows.
In the aftermath of last week’s Dubai World market decline, let’s take a look at the EEM - the Emerging Markets ETF to see the recovery and current important level to watch going forward. Weekly Chart: EEM After falling from its 2007 peak of $53 per share to $17.50 a year later, the most popular, highest volume Emerging Market ETF has recovered around 65% of its decline and is up 65% for the year of 2009 so far, after doubling from $20 to $40 from its March 2009 lows. Structurally, price is above the 61.8% Fibonacci retracement near $40 per share, and the $40 level remains a critical price zone to watch for clues of expectation of highs yet to come, or an expected retracement ahead
Friday’s intraday trading action in the SPY gave us a great opportunity to see an example of at least three non-correlated trading strategies/methods coming into ‘confluence’ to create a low-risk, high probability trade set-up. Let’ see it in action! (Click for full-size) As expected from Thursday’s post , the market gapped down on Friday morning and then suddenly began to recover its losses over the Thanksgiving holiday. It appeared ‘corrective’ in that price moved within a rising trend channel similar to a ‘flag’ (but much more extended), and then price reached a “Decision Moment” or “Technical Decision Node” at the 61.8% Fibonacci Retracement of Wednesday’s close to Friday’s open. This came in at the $110.25 price level just after 10:00am CST when price also formed a negative momentum divergence (external divergence) and then a ‘tiny’ TICK divergence on the doji that formed at this level
Friday’s intraday trading action in the SPY gave us a great opportunity to see an example of at least three non-correlated trading strategies/methods coming into ‘confluence’ to create a low-risk, high probability trade set-up. Let’ see it in action! (Click for full-size) As expected from Thursday’s post , the market gapped down on Friday morning and then suddenly began to recover its losses over the Thanksgiving holiday. It appeared ‘corrective’ in that price moved within a rising trend channel similar to a ‘flag’ (but much more extended), and then price reached a “Decision Moment” or “Technical Decision Node” at the 61.8% Fibonacci Retracement of Wednesday’s close to Friday’s open. This came in at the $110.25 price level just after 10:00am CST when price also formed a negative momentum divergence (external divergence) and then a ‘tiny’ TICK divergence on the doji that formed at this level.
Monday, November 30, 2009
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