See New Photo/Stories of the 99% Each Day at


LINK


Americans rarely think about another video media out there except the  one owned by our corporate oligarchy.

The other 97% of the world sees something very different. Here one of those OWS videos from Al Jazeera

Occupy Wall Street, Occupy The World


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A Keeper

Banksta’s are trying to rewrite history and absolve themselves of the 2008 meltdown. True in one sense we all share reponsibility but Banksta’s top the list. Its the banksters lobby that moves politicians to change laws cutting regulations and regulators.

LINK


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Whose To Blame

Bankstas

Certainly, Portugal, Italy, Ireland, Greece and Spain share some of the responsibility for the European sovereign Debt Crisis.

What about all those bakstas and their friends who bought the sovereign debt/bonds of these countries

These bankstas are NOT naive simpletons who had no idea of what they were buying.

Banksters bought the debt because they thought the profits could be privatized and the risk socialized.

They bundled the sovereign debt and took insurance on the opaque unregulated Credit Default Swaps/Derivates market. This further leveraged the debt – just like what happened to mortgages in 2008. It all blows up.

Fool me once shame on you, Fool me twice shame on me

How YOU will help pay for Europe’s debt or more socialized risk on Monday


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STOCKS


Same Question

Will The Baby Bear Market Hang On?

Checkout the link to the S&P 500 chart on right side of the blog. We had a 5% meltdown that gave us a  bear cub (20% fall is the usual signal for a bear market) But, the last two days we have taken back almost 2/3 of those losses. So the cub may vanish by Monday

The major monthly jobs report comes out today and its always a short term market mover. Results below

Positive surprise – Rate down to 9.0 – past months higher. Past month revised higher. Oct private sector jobs +114,000 Not recession numbers and a moderate surprise. Good numbers for economy.

Should not impact stocks significantly. “A companies stock goes up often when they cut jobs and down when they add them”. – Steve Leseman CNBC.


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Reading The Tea Leaves


  • Our secondary indicator, the Put Call Ratio fell to 1.07. Its 50DMA which is at 1.15 = NEUTRAL
  • For more on MO & PCR see POSITION Section of blog (scroll down)

Technical observations on MO & PCP –

  • After using the PCP for several months the MO is clearly more accurate. Investor411 may drop the PCR. We’ll give it a couple weeks.
  • The 50 Day Moving Average of both Indexes is a better baseline to use than MO’s 0.00% and the PCP’s 1.00
  • A rising MO 50DMA , what we have now, usually correlates with a bull run. The relatively rapid rise in the MO’s 50DMA (below 0 to +25) is almost always associated with a longer rally

Technicals are now NEUTRAL. Just a hint of bearish sentiment on the MO.

Short Term Prediction Still Holds - So, at least for now, that baby bear is in trouble.


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Positions

SPY -  stop/loss order at  moved up to 1224. We will keep moving this stop loss order higher as the SPX moves up.

GLD - Breaking out – A buy the small dip consideration - The EU lowered its interest rate yesterday 0.25%. There are many reasons historically investors like gold – fear, inflation, deflation, printing $$$ and lowering interest rates is just another. Lots of strong fundamentals behind this DGP is the more risky double long gold ETF.

IMAX – Could be back. See :) D in comment section of blog – Let’s see what Paul has to say


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Long Term Outlook

3 to 6+ months

CAUTIOUSLY BULLISH

Investors411 has 5 different valuations - BULLISH, CAUTIOUSLY BULLISH, NEUTRAL, CAUTIOUSLY BEARISH, and BEARISH.

Everything written in BROWN is a repeat from a previous day(s)

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

ALL TRADING INVOLVES RISK AND POTENTIAL LOSS OF PRINCIPLE

CHECK ALL DATA, I MAKE MORE THAN GRAMER ERRORS.

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