Charting Stocks

Standard & Poor’s downgraded the credit rating of Ireland for the second time this year.  S&P cited the vast amount of money the government must continue to throw at the nations banking system.
The rating was cut down to AA, from AA+,  moving it to the same  level the United Arab Emirates as Japan, and Slovenia [...]

Private gains through public risk.
In the latest of public subsidies handed out to private corporations, GE Capital will sell debt this week under the Federal Deposit Insurance Corp.’s (FDIC) Temporary Liquidity Guarantee Program. GE will enjoy a very low cost of borrowing as it issues bonds backed by the full faith and credit of the [...]

In our 2009 forecast, we mentioned that the Dow Jones/Gold ratio would likely hit 5 this year. A milestone was reached today as the Dow Jones index made a fresh 20 year low in terms of gold. The ratio has fallen to 7, down from the 1999 peak of 42.5 ounces.
Seven 1 oz. gold eagle [...]

Zbigniew Brzezinski, a former national security advisor, has warned that the US could witness riots if economy continues its downward spiral.
“There’s going to be growing conflict between the classes and if people are unemployed and really hurting, hell, there could be even riots!” said Brzezinski, President Jimmy Carter’s national security advisor, in a recent interview [...]

According to todays ISM release, the US Manufacturing sector dropped again in February while the employment sentiment fell to its lowest reading ever.  This is the 13th straight month of manufacturing declines.
The Institute for Supply Management’ s (ISM) monthly purchasing managers’ index (PMI) registered a reading of 35.8% in February. Readings under 50% are consistent [...]

2009 will be a year of complete destruction for the US economy. 5 Million will lose their jobs. The Dow Jones Industrial average will break below 6,000. Municipalities will fail. Insurers will fail. The unemployed and foreclosed American population will take to the streets and begin rioting. The Greatest Depression is upon us.
Sound far fetched? [...]

One of the ways market technicians try to predict sector out performance is by conducting a relative strength analysis. In a bear market the price charts of most sectors and stocks are moving down with the market. Some sectors are moving down more than the market, and so they are relatively weaker, and some are [...]

News Flash! Recession Started a Year Ago Says NBER

It must be exciting to be an economist at NBER (National Bureau of Economic Research) who just recently announced that the US has been in a recession for a year. I wish I could find a job which entails telling people what happened in the stock market [...]

We’re naming names! Below are our picks for the best economic forecasters for 2008.
#1 Nouriel Roubini

Professor of Economics at New York University
Chairman, RGE Moniter
Website: www.rgemonitor.com
In his words: (2007) “With residential investment still in free fall, commercial real estate still doing fine until recently but now showing signs of strain, capex spending by the corporate sectors [...]