Archive - Dec 13, 2010 - Blog entry

The most important piece of news announced last week was the Fed’s release of the schedule for its second round of QE 2 bond buying. All told, the Fed intends to buy $105 billion worth of bonds through January 11, 2011. The purchases will occur practically every other day and are broken down into $6-8 billion increments. Now, the Fed has made it clear that it intends to prop stocks up at ANY cost.

In an attempt to take the sting out of austerity, the Hungarian parliament late Monday approved the government's much-questioned bill that will reverse a 1997 pension system reform and in effect nationalize mandatory private pension-fund assets. Is this the start of a disturbing trend?

That’s STAGflation, as in stagnant economy, not the more benign INflation, as in the stuff the US pretends doesn’t exist.

The "first precision guided cyber-munition"

Let's compare Spain to other nations that have defaulted in the recent past and see if there are any similarities. Surprise, surprise. We all know that Spain is big enough that if it goes, there goes that Euro-thingy experiment.

Quality companies that have either taken a warranted or sometimes unwarranted pounding in the market, but still possess an attractive valuation to value-hungry, long-term focused investors

News is scarce these days; really, it’s hard to come by just plain, vanilla news. Almost everything we listen to carries some form of an opinion based on the experiences of the author and it in no way excludes our work on this site. Everyone has an opinion to the point where our opinions in and of themselves become the news (thank you Fran Lebowitz).

Watch this story. It will prove to be the story of 2011.

Retail traders are notoriously wrong at picking market direction/tops and bottoms. Most retail traders very naturally seem to adopt a counter-trend stance and this offers very accurate signals for individuals looking to trade against this group. This daily report is designed to help traders focus their efforts on higher probability pairs.