Apple AAPL Update: Daily Support but Monthly Bearish Engulfing
Apple (AAPL) investors rode a roller-coaster of news and stock price action last week, culminating in a massive sell-off in four days from the $215 area to the present $190 level.
Apple (AAPL) investors rode a roller-coaster of news and stock price action last week, culminating in a massive sell-off in four days from the $215 area to the present $190 level.
Sunday, January 31, 2010
With the euro having dropped substantially from a high of around $1.51 to less than $1.40 in the span of a few short months, it has sent gold buyers looking for cover, mostly as a function of the linear (and at times sigmoidal) inverse correlation between gold prices and the DXY which throughout 2009 has held surprisingly strong. Yet will a dollar scramble prove that the recent flight to gold has been premature?
Sunday, January 31, 2010
When the euro emerged as a consolidated currency over a decade ago, hopes were high that its advent would present a challenge to the USD as the default world reserve currency. Times were different (and much simpler, with shadow banking complexity a tiny fraction of the current $1 quadrillion+ behemoth) and as BofA says, "perception that the euro is well placed to rival the USD as a reserve currency has underpinned the increased euro allocation to a level much greater than the sum of the roles played by its constituent parts
Sunday, January 31, 2010
Some preliminary highlights from the report. Update on TCW the whole Jeff Gundlach fiasco: On December 4, 2009, The TCW Group, Inc. (“TCW”) dismissed Jeffrey Gundlach, a “key man” under TCW’s contract with Treasury, who served as TCW’s chief investment officer and the lead portfolio manager of its PPIF
Sunday, January 31, 2010
It appears that in the 11th hour, Europe is still unable to decide just what the proper approach to rescuing Greece is.
Saturday, January 30, 2010
A Swap Spread Puzzle And Some Thoughts On This Time Being Different , By JM
Saturday, January 30, 2010
Following on yesterday's RealPoint January update on CMBX delinquencies, here is Lehman's most recent report on January whole loan and CMBX remittances. While CMBX 3 seems to have stopped the bleeding at least temporarily, the other vintages are happy to step in its place
Saturday, January 30, 2010
A brief look at the contentious gold/central bank history as it is about to rhyme all over again: The Federal Reserve System was created in 1913 on a promise of stabilizing the banking system. What followed instead was an unprecedented growth in fractional reserve banking, as well as the money supply, which helped fuel the roaring 20’s.
Saturday, January 30, 2010
January is over, and while the stock market closed at its YTD lows, some corporate bond segments are still on fire. Below we present a complete heatmap for January bond price performance by subsector.
Saturday, January 30, 2010
This week's most relevant estimates and charts from Goldman Sachs: On Earnings: Our top-down EPS forecast of $76 and $90 for 2010 and 2011 reflect +33% and +20% growth , respectively. Our pre-provision and write-down EPS forecasts are $81 for 2010 and $91 for 2011. Bottom-up consensus forecasts a 38% increase in 2010 to $79 , and a 21% increase in 2011 to $95 .
Sunday, January 31, 2010
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