XLU (weekly info)-no change (above mid)
trend=up
high= 35.01
rev= 33.96; mid= 34.49
Looks like return of capital is still first and foremost as XLU continues to push higher. It's above all SMA's. It's above the monthly 3LB mid. It's still making new highs on the weekly 3LB.
XRT (weekly info)-no change (above mid)
trend=down
high= 43.83
rev= 54.44; mid= 49.14
Amazingly XRT is still strong as consumers are finding ways to buy things. It's above all SMA's. It's above the weekly & monthly 3LB mids. The move higher does appear to be slowing (which is not good for the holiday season).
looks like futures are down just a little bit....
ReplyDeletehttp://www.cnbc.com/id/45186476
ReplyDeleteThe Euro Event Will Cause Depression.
....I think as I come and go in the world of investing, that we may have come to the new fork in the road. At times like this we have to reassure ourselves of what we know...
I know that there is too much debt to be paid off. And I also know that those who did well in the 20th century depression were those without debt.
@Bruce
ReplyDelete"The Euro event will Cause Money Printing"
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There... fixed it...
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"I know there is too much debt to be paid off"...
Sure, everyone knows that... But if you're a central banker, you keep doubling down on that debt by not retiring it... Instead:
- You 'talk' about austerity & stand by while governments organize "Super Committees' to wheel & deal about a couple billion in cuts here & there (erstwhile having leadership step down, or re-organize until the cows come home)...
- You issue new bonds & print money to buy up the 'monthly nut' to get everyone through until the next liquidity squeeze occurs (which basically means the next time you double down, or, the 'half life' of the last time you doubled down [monthly nut wise])...
- You do your best to keep equity markets from melting down in the process (because, after all, the STOCK MARKET "is" the economy, right? right?)...
- You try and keep gold & PM prices from going ballistic in the process... Unbelievably, it's not too hard... Because in a bad economy, it seems like people are more than happy to turn in their gold & silver for CASH to make ends meet... You just melt it all down into bricks for ther day when the REAL deflation or hyperinflation hits...
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You laugh all the way & wonder what the 'little people' are doing (but not really)...
ben22
ReplyDeleteLCH doubled margins on Italian debt. Margin calls all around.
Ra,
ReplyDeleteindeed, I'd think to there is some sort of marginal impact due to the fact that you can't buy CDS insurance that actually pays out on sovs over there
silly politicans, markets win again
Bulls getting branded...
ReplyDeleteEURUSD down over 2%. The SNB is freaking out trying to maintain the peg.
ReplyDeletehttp://www.marketwatch.com/story/adobe-pulls-plug-on-flash-shares-drop-2011-11-09?siteid=rss&rss=1
ReplyDeleteAdobe pulls plug on Flash; shares drop
quote:
“We will no longer continue to develop Flash Player in the browser to work with new mobile device configurations following the upcoming release of Flash Player 11.1 for Android and BlackBerry PlayBook,” Danny Winokur, general manager of Adobe’s interactive development.
Winokur said that, while Flash has “enabled the richest content to be created and deployed on the web by reaching beyond what browsers could do,” HTML 5 “is now universally supported on major mobile devices, in some cases exclusively.”
I always wondered what those snoops at the former blog used to find out where everyone (as in - all 3 people) was accessing their blog from...
ReplyDeleteFinally - the technology is available to everyone...
It can locate you in seconds...
http://www.darnay.com/iec/features/locator/index.html
CV
ReplyDeleteWrong. Just plain wrong. LMAO.
And it's gone (the mornign low has been taken out).
ReplyDeleteS&P 500 -43.65
ReplyDeletetis, but a flesh wound..
~~
these 'Markets' are ill, but, this Vol. provides awesome opportunities to rake in the ol' Paperbacks--replete with Tax Liabilities--of course :)
AAIP
awesome opportunities to rake in the ol' Paperbacks--replete with Tax Liabilities--of course :)
ReplyDelete---
Starting with your next Christmas Tree purchase...
I guess if we all convert to Judiasm, or Islam, we'll save a boatload of $$...
& if you don't like the new tax...
ReplyDeleteYou're an anti-semitic racist!
Revelation that the former SOLANDRA fleeing execs have already formed a new "start-up" company selling artificial Christmas Trees in 5...4...3...2...
ReplyDeleteyou are here
ReplyDeletelol
and I thought it was real