Investing and Trading News, with a Contrarian, Sarcastic Twist!
The FDIC released its Quarterly Banking Profile for the 2nd quarter of 2010 today, and listed 829 banks as “problem” banks, up from 775 in Q1. (Full Story at Calculated Risk). And here’s a nice chart put together by the Calculated Risk guys as well, showing the ebb and flow of problem banks since 1990. […]
Would you believe that the 10 year bond yields on Greece debt are close to breaking out – again? Greece bond yields on the rise (Source: Bloomberg.com) Looks like $1 trillion only kicks the can down the road a few months! A trip down memory lane: Chucking at the Greece bailout when reported on May […]
We always love a good contrary indicator! And here’s a great one from Barry Ritholtz on his always-excellent blog entitled Are Wall Street Analysts Contrary Indicators? As we have noted so many times previously, following the Wall Street crowd of analysts is rarely the way to make money. Collectively, the analyst community has turned excessively […]
Not much new on Wall Street today – another lazy day in late summer. Stocks continue to churn on anemic volume just above key support levels: The S&P continues to mill about just above its key support at 1040. (Source: StockCharts.com) Meanwhile, it seems like most investors are well aware of the fact that September […]
The Hindenburg Omen — Omen-ous or Not? Elliott Wave International Chief Market Analyst Steve Hochberg Sheds Light on a Feared Technical Indicator August 31, 2010 By Elliott Wave International On Aug. 12, volatile market action coincided with a technical signal called the Hindenburg Omen, whereby a relatively high number of new highs and lows in […]
Quick – what’s the current P/E ratio of the S&P 500? Standing in line today at lunch, waiting for my chicken pita, I was checking Wall Street’s closing numbers on my Android, reading about how stocks haven’t been this cheap since the early 90’s – and thought whhhhhat? The S&P price to earnings multiple is […]
There’s still not much of an appetite to buy stocks – but volume remains very quiet as the dog days of summer wind down. We’ve been expecting a decline in stocks, and have been watching for slowly rising volume to accompany these declines to give us a heads up that there is some “umph” behind […]
Last Friday on The Today Show, Katy Perry rocked the stage with a live performance of her summer 2010 mega-hit “California Gurls”. It’s bubble gum pop at its absolute finest: “California Gurls might even be described as the token summer pop song, all bounce and fun” – The Tartan “All bubble gum and candyland fun, […]
We’ve taken a fun exploratory look at internet search terms and their potential correlation (or lack thereof) with financial asset prices before (See: Using Google Trends as a Leading Indicator). That piece actually found its way to Google Headquarters in Mountain View, as I was contacted by someone from Google Finance who asked if I’d […]
We’ve been following the financial sector throughout the entire “reflation rally”, figuring that a breakdown in financial stocks may precede a breakdown in the broader market. Financials led the way down in 2007, and they led the way up in 2009 – so can they threepeat and lead the way down once again here in […]
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