Charting Stocks

On Wednesday, I wrote about the troubling signal given by the Volatility Index (VIX) as it surged in a manner which resembled the 2008 crash.  Today we can add another market indicator to the “trouble” list – The US Dollar.
I’ve mentioned the inverse relationship between the US Dollar and stocks several times. This relationship began [...]

When we wrote “Inflating a Bull Market,” we mentioned the inverse relationship between the US dollar and stock prices. In March, the US dollar peaked from overbought levels and began to decline. At the same time stocks bottomed from oversold levels and began to move up. The reason is simple – Stocks are priced [...]

The UK government has frozen $1.6 billion of Iran’s assets. British officials made the announcement on Thursday and claim that the money was frozen under international sanctions imposed over Tehran’s nuclear program. You know, the nuclear program which Iran has every legal right to pursue under the Nuclear Non-Proliferation Treaty.
UK’s economic secretary to the Treasury [...]

The Federal Deposit Insurance Corporation (FDIC)  seized 3 more banks over the weekend bringing the total bank failures for 2009 to 40. One bank was in North Carolina, another in Georgia, and the third was in Kansas.
The FDIC was appointed receiver of Cooperative Bank of Wilmington, N.C., Southern Community Bank of Fayetteville, Ga., and First [...]

Number 17 for 2009; 42nd Since Depression Began
Freedom Bank of Georgia, Commerce, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Northeast Georgia Bank, Lavonia, Georgia, to assume [...]

Security Savings Bank: 16th Bank Failure of 2009

Security Savings Bank of Henderson, Nevada  was closed by regulators Friday, marking the 16th bank failure of 2009. The Federal Deposit Insurance Corporation said the failed bank’s deposits have been assumed by Las Vegas-based Bank of Nevada. Security Savings Bank had $238.3 million in total assets and $175.2 [...]

Hillary Clinton has asked China to keep buying U.S. debt and to work with Washington in combating the global economic crisis. Clinton was speaking Sunday before leaving Beijing at the end of a four-nation tour of Asia — her first overseas trip since taking office.
Clinton urged that buying treasuries would be in China’s interest as [...]

Oregon’s Silver Falls Bank was closed Friday by the Oregon Department of Consumer and Business Services, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The Federal Deposit Insurance Corporation entered into a purchase and assumption agreement with Citizens Bank, which will assume all of the deposits of the failed Silver Falls bank. Silver Falls [...]

GM is considering chapter 11 bankruptcy and forming  new company.
WSJ reports  “”One plan includes a Chapter 11 filing that would assemble all of GM’s viable assets, including some U.S. brands and international operations, into a new company.”
The plan would allow the new company to keep the viable assets while liquidating the undesirable assets under the [...]

Pinnacle bank of Oregon becomes the 4th bank failure this weekend and the 13th this year.
The Oregon Division of Finance and Corporate Securities closed Pinnacle bank this Friday. The FDIC has announced that Washington Trust Bank in Spokane, Washington has agreed to assume all of the deposits of the failed bank.
Pinnacle Bank had assets of  [...]