Archive - Oct 20, 2010 - Blog entry

In view of the blistering Q3 9.6% GDP growth rate, it’s time to increase positions in the Middle Kingdom. Look for cash to rotate out of virile, young emerging markets back into the established BRIC’s. We have blasted through the 200 day moving average, suggesting that this move may have the legs of Secretariat. Rumors of its imminent demise are premature by at least a decade. Jim Chanos, please get out of New York and widen your circle of contacts. (FXI), ($SSEC), (EWZ), (RSX), (PIN).

The market rally was back on today with stocks shooting up faster than Ben Bernanke could chant "quantitative easing" over his bubbling cauldron (though he was heard incanting: "Double, double toil and trouble; Dollar burn, and assets bubble")...

Canada's pension system is one of the best in the world, though there is room for improvement. Overall, the pension experts judged the US system, as well as those in the UK and Canada, as less sustainable than just a year ago, when they conducted their first joint international study.

Is America a great country or what?

A lot of economic reports have come out in the past several days but the data that caught my eye were industrial production, retail sales, and business inventories. There is evidence that retail sales have been improving but in light of a negative consumer sentiment, is that true?

Geithner’s strong dollar comments, China's surprise rate hike, and worries about the U.S. mortgage market led a flight by investors into U.S. Treasuries. Some analysts believe that there may be a currency accord right before the G20 meeting. However, from all indications, China and Geithner appear to be acting under totally separate agendas however “coordinated” they might seem.

Last week I thought the dollar was bottoming and I stand by that as it’s an important time to stay flexible and take those BS long profits off the table before the market takes it for you!

Here's how to explain the developing "mortgage put-back" mega confrontation to your family and friends, using "Rock 'Em, Sock 'Em Robots" as a handy visual aid...

Sloppy paperwork? Ha, ha ...

The glory days of reckless banking aren't going to be punished by the courts, congress, or the regulators. The undeniable pressures of the markets are whose coming home to roost!

Day traders support and resistance confluence PowerZones created by combining multiple support and resistance methods.

This daily report is designed to help traders find opportunities to trade against this group. The premise is very simple we are looking for 66% of retail traders to be trading either long or short a currency pair, we then look for opportunities to fade (trade against) this group. For example if 72.99% of traders are long the USD/CHF we look for opportunities to short that pair.

Did the Mortgage Giants INTENTIONALLY Sell Mortgages Which Would Default, to Generate Huge Credit Default Swap and Synthetic CDO Payouts?