| Stock Investor Sentiment: Smart Money Turning Bearish
November 15, 2009 at 11:03 pm
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| After 15 weeks of being neutral, the “smart money” indicator has turned towards a more bearish reading. The “dumb money” indicator remains in the extreme bullish zone. While not there yet, the indicators are heading in the direction that one would expect to see at a market top. For now, I will continue to state what I have been stating for 5 weeks as it has served us well in defining the price action seen in the major market indices:
Equities are for renting not owning at this juncture. I … [visit site to read more] 
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| Dollar Weakness And Stock Market Strength - The Data
November 15, 2009 at 10:01 pm
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| Anyone who is following the market on a daily basis is paying attention to the strength of the dollar versus other currencies. It can be confusing. While a strong dollar might seem like a good thing, there is actually an inverse market relationship with stocks - at least in recent times. I described the basics of the dollar debate here: Understanding the Debate on the Dollar. There are many opinions - prescriptive, political, and descriptive. The next step is to consider some … [visit site to read more] 
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| The Top 5 Wall Street Conspiracies - How Believable Are They?
November 15, 2009 at 9:31 pm
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| At this point there have been so many questionable acts of Wall Street and government finagling in the economy that it’s hard to keep track of them all. It’s about time someone rounded up these conspiracies and took a look at how believable each one is. Gary Weiss makes this assessment and presents his plausibility grading “on a sliding scale from 1 to 5, with 1 being 'fugetaboutit’ and 5 being 'damn right.’” Not everyone will agree with his assessments, but they are unique and … [visit site to read more] 
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| Cartoon: Recessionomics 101
November 15, 2009 at 9:01 pm
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| Source: RJ Matson, Comics.com, November 12, … [visit site to read more] 
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| Month To Date Market Review
November 15, 2009 at 8:05 pm
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| Do as I say, not as I do. Why? What do I mean? The markets in general and equities in particular were once again supported by talk rather than actual economic actions. Who was talking? What were they saying? Very simply, communication from G-20 ministers last weekend indicated strong support for ongoing fiscal stimulus. That talk drove the equity markets 2% higher on Monday of this week. On the heels of that, during the midweek we experienced Fed-speak once again indicating a strong … [visit site to read more] 
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| What's Really Behind The Rising Job Losses In The US
November 15, 2009 at 7:41 pm
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| As the unemployment rate crossed the double digit barrier for the first time since Michael Jackson learned to moonwalk, President Obama announced that he will convene a “jobs summit” to finally bring the problem under control. Using all the analytic skill that his administration can muster, the President is determined to figure out why so many people are losing their jobs and then formulate a solution. That’s a relief; for a while there, I thought we were in real trouble! In fact, the absolute … [visit site to read more] 
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| Play Europe's Emergence From Recession With These ETFs
November 15, 2009 at 7:31 pm
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| The 16-nation eurozone has finally emerged from its recession on the strength of export growth in its largest economy, Germany. There are single-country and broad exchange traded funds (ETFs) to play this positive development. After feeling the effects of the financial crisis, the European economy is out of a negative growth pattern, boasting 0.4% growth in the third quarter. Matthew Saltmarsh for The New York Times reports that other factors that signal a turnaround include a stronger … [visit site to read more] 
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| The Untapped Energy Riches Of Uzbekistan
November 15, 2009 at 7:01 pm
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| While many Western investors remain fixated on somehow acquiring a slice of Turkmenistan’s natural gas riches, despite a recent scandal over the country’s actual reserves, there is another country further east whose energy and mineralogical reserves have been overlooked - Uzbekistan. While a number of factors are responsible for this oversight, including relative geographical isolation (Uzbekistan, along with Liechtenstein, is one of the world’s doubly … [visit site to read more] 
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| Cartoon: US Job Market
November 15, 2009 at 7:01 pm
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| Try, try again. For all its limitations the magic eight ball is probably a better forecasting device than whatever crystal ball the Fed has been … [visit site to read more] 
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| Madoff Investors Accuse SIPC Of Forcing Investors To Bail Out Wall Street
November 15, 2009 at 5:20 pm
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| Having interviewed noted attorney Helen Davis Chaitman on No Quarter Radio’s Sense on Cents with Larry Doyle on November 1st (a recording of that show can be heard here), I am compelled to share this press release. Investors need to fully understand and appreciate the critically important role that SIPC is supposed to fulfill and the fact that it has largely served at the behest of the industry much like its regulatory brethren at FINRA. LD
MADOFF VICTIMS ACCUSE SIPC OF FORCING … [visit site to read more]
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| Interesting Articles To Read
November 15, 2009 at 4:54 pm
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| This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. Jennifer Hughes (Financial Times): Visibility improved but storms may lie ahead, November 13, 2008.
The fog is beginning to lift. All year executives, analysts and investors have talked of a “lack of visibility” on the outlook for the economy, earnings and financial markets. By “visibility” they are in essence complaining about the uncertainty that clouds all … [visit site to read more] 
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| Stock Picks For Monday: Ciena And Rambus
November 15, 2009 at 1:52 pm
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| ( click to enlarge ) I wrote a post last week, that there might be a buying opportunity present in Rambus (RMBS), as it bounced from its 15.70 horizontal support again. Notice how the stock has been trading in clear horizontal channel over the past weeks. It looks like the recent consolidation is ending and that it wants to move higher towards 20. I started to pick up some shares, everything below $18, I would accumulate more in the days to come. Even if the stock is not ready to … [visit site to read more] 
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