Charting Stocks

Fridays employment report was widely reported as the figure came in much weaker than expected. The street was expecting a decline of 150,000 non-farm payrolls for the month of September while the actual figure was 263,000. The official unemployment rate was pushed up by 0.01% to 9.8%. Though the unemployment rate only ticked up by [...]

After nearly 5 years of  depression, the housing market will likely bottom in 2010. Many of the major home builder stocks have finally broken above 4 year downtrends, while others are showing clear signs of a bottom (pinch me).
Why do we care about stocks? It’s important to understand one of the most fundamental principles of [...]

California Governor Arnold Schwarzenegger told lawmakers at the Capitol that “California’s day of reckoning is here.”  Without any action, the state will run out of money in 14 days. Three months after the state budget was approved, California faces a $24 billion deficit (er that’s on a 90+ billion budget).

California’s unemployment rate jumped to its highest level in more than 30 years, climbing to 11.2 percent as 62,100 jobs we wiped out in March.
California’s unemployment rate reached 11.2 percent in March with 62,100 job cuts, the highest rate on record. The figure contrast with a national jobless rate of 8.5 percent. The new jobless [...]

The Federal Reserve reports the output of the nation’s factories, mines and utilities fell 1.5% in March, with an uptick in the production of motor vehicles and utilities.
Industrial production has dropped 13.3% December 2007, the largest percentage decline since the end of World War II, when production of military equipment seized and production fell 35%.
In [...]

What a wild ride these past few weeks have been. Only a month or so ago the Dow Jones Industrial Average traded down to 6,500 amid an onslaught of catastrophic economic news. The market has since rallied 25% from its low with insolvent banks such as Citigroup and Bank of America quadrupling in value. Jim [...]

The U.S. economy is in for “a lasting slowdown” and won’t recover this year, while “the banking system as a whole is basically insolvent,” billionaire investor George Soros told Reuters Financial Television on Monday.
While nationalization of banks is “out of the question,” he said stress tests being conducted by the U.S. Treasury could be a [...]

(Bloomberg) — Global leaders took their biggest steps yet toward a new world order that’s less U.S.-centric with a more heavily regulated financial industry and a greater role for international institutions and emerging markets.
At the end of a summit in London, policy makers from the Group of 20 yesterday delivered a regulatory blueprint that French [...]

New world order complete with a new global central bank and currency.

Source: davidicke.com