Investors411 record – 5 years of beating benchmark S&P 500

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Jobs, Jobs, Jobs

Ever since the 2008 meltdown Investors411 has stated financial and economic conditions are “far far far far far bigger than first imagined.” This statement that has been made many times and is still bolded in the position section of the blog.

Poll after poll (except among Tea Party supporters) have said “To Hell with the Deficit, Its Job, Jobs, Jobs.“ See yesterday’s Investors411 for  a list of historians and economists who make the same case less colorful language.

Immediate Help

• Extend unemployment benefits its “the human thing to do.” Republican Billionaire Mort Zukerman
• Extend unemployment because (the average American unemployment check was under $300 a week in 2009) it will stimulate the economy. These people will SPEND the money and we all benefit because money flows.
• Republican’s know that the longer they can delay a vote on this the less money will flow and consequently the more people unemployment will grow before the November elections. Every day they delay = the more votes they get in November, because they can blame Obama for unemployment.
• It’s certainly hypocritical to endorse the Bush tax cuts on the wealthy. Next vote for unnessesary war funding outside the budget for over 10 years. Then play politics because our own American families of former workers are going hungry.

Longer Term Help

• Infrastructure projects get you the most bang for the buck according to Mort Zukerman (who I usually don’t agree with) and most economists.
• We need an Independent Infrastructure Bank Not one where a powerful Senator like Democrat Harry Reid can take $350 million for a high speed train from LA to his home state of (Los Vegas)Nevada.

Bottom Line – Andy Grove, Intel’s CEO had it right – Globalization has created a major “scaling” problem in the USA. Unless we somehow change that direction the ultimate result is going to be very negative economically for the USA.

KISS & Stocks (Keep It Simple Stupid)

If you don’t understand a term look in up at Investopedia.com dictionary

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

Index	Percentage	Volume
Dow	+0.56%	down
NASDQ	+0.88%	down
S&P 500	+0.60%	down
Russell 2000	+0.44%	-

Technicals, Fundamentals & Analysis

The High Frequency/Black Box traders (that are focused on the here and now) pushed the markets higher in weak trading. This has been the typical headline for many moons in what’s been a falling market since April. – Lower price highs and lower lows.

IBM was the earnings report of most interest and its down @-4% in pre market trading = Bearish

APPL – Both Monitor and Paul R have warned about today’s earnings report at close.

YOU have pretty much reached consensus that holding a stock, especially in a declining economic environment, is highly risky before its earning report. If you are an insane lover of risk (short term trader) and AAPL continues to drop before earnings – it does take some of the downside risk away.

Ruptured oil well leaking again and possible leaks on oil on ocean floor related to BP oil spill. Best site for this is The Oil Drum = Bearish

Significant Indexes-

• McClellan Oscillator (MO) rose to +21.91 [+60 or above = Overbought = sell. -60 or below = Oversold = buy]. StockCharts has a better version of the McClellan chart ($NYMO) LINK. –  & Investopedia on –  How the MO works. = NEUTRAL
• US Dollar –  The dollar Friday was basically flat +0.04% [Anything over +/- @0.50 is significant.] The dollar is important  to stocks – Dollar up = stocks down and visa versa. The Black Box traders, have used the inverse relationship of the dollar as a key part of their trading system. Earning have trumped this indicator for now & we have consolidated for last two days. = NEUTRAL
• BDI - The  Baltic Dry Index (Measures cost of shipping – Higher costs good = more being shipped = Bullish. Also good proxy of China.) BDI is in free fall from a high of @4200 to 1700 yesterday. This is a huge -60% drop 8 weeks.  Often a leading indicator for stocks. Here’s a 3 year chart of BDI for context. The BDI rose for the first time in 8 weeks the BDI rose Friday & +0.70% yesterday. At long last the BDI finding a bottom - a bullish sign, but too early to tell.Fundamentally the -60% drop is very BEARISH

Reading Tea Leaves-

Don’t think the negative fundamentals of the BDI (Trade and China) & Europe have been fully integrated into stock prices yet. Sure fells like we are going to have a negative day. But, with Black boxes in control (almost everyone else has fled to safer investments of bonds and treasuries) – you never know.

Positions

The  Positions Section link to latest & former buys and sells  - These are positions I actually own

Updated over weekends Investors411 holds ONE position at this time

From Yesterday – SH – The ETF that shorts the S&P 500 was bought at 51.45. It’s up over 3% now. 1/2 will be sold at 3% profit and a stop/loss has been put in place at what it was bought for. 1/2 of SH was sold for 53.02 for +3% profit.  Letting the rest ride and will sell when conditions on MO near oversold.

No other positions long or short are contemplated in immediate future because MO is neutral. Sorry, there is little to do but sit tight,  be happy you’re almost all in cash, and wait till we get oversold or overbought.

One exception is GLD or DGL (@200% GLD). Its dipping and if it falls to its 200 DMA – would consider buying on fundamentals.

Great Cartoon on al Qaeda

Sorry, I had trouble loading this “Troubletown” image by Lloyd Dangle

But here’s the LINK

“Mind Your Own Business”

Isolationism has returned to the USA.

49% of US residents believe “The US should mind its own business internationally and let other countries get along the best they can on their own,” according to a Pew Report. Up from 30% in 2002.  44% disagreed. UPI story – LINK

Headline from Pew – “U.S. Seen as Less Important, China as More Powerful
Isolationist Sentiment Surges to Four-Decade High.” The poll also has some significant opinions on what the Council of Foreign Affairs believes (Who is the CFA LINK )

LINK to Pew Poll .

US has just launched a major offensive attack with 1000 soldiers in Afghanistan. Local cable & networks has all the fireworks for those who still want to watch shock and awe.

Global Warming

Reality – Let’s for the sake of argument say the there is a 2% chance the scientists are wrong about Global Warming. So what?

The era of cheap energy is over. Natural resources are finite . The energy sources we use most are pollutants that also kill. Go breath the polluted coal dust in China’s air (slow death) or shut yourself in the garage with your car running (quick death)

It’s technologically wonderful that we can drill five miles beneath the ocean and then go horizontally to find oil and/or squeeze oil out of rock/shale.  But besides pollution this is also obviously dramatically more expensive in cost. We are also becoming more dependent on foreign supplies/dictators for energy. Therefore,  strategically,environmentally, and economically we need to diversify energy resources.   Stop being idiots and work to diversify energy sources.

KISS & STOCKS

Keep It Simple Stupid

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

Index	Percentage %	Volume
Dow	-0.83%	up
NASDQ	-0.54%	down
S&P500	-0.84%	up
Russell2000	-1.23%	-

Investors411 record – 4 1/2 years of beating benchmark S&P 500

(see results for last 1/2 year – click  6/25 & scroll down)

• Brown = repeat statements
• Green = usually bullish statements
• Red = Usually bearish statements

Technicals, Fundamentals & Analysis

Dollar rose a wee bit and stocks fell. Looks like fear of bad jobs report spooked the markets.

Volume was way up on the Dow and significantly above the moving average for the S&P 500. Large volume on a moderate down day (less than 1%) is bearish . Perhaps this is a whole lot of traders expecting bad numbers for the jobs report.

Jobs # for Novembe r

Headline -  10.0% Unemployment . HUGE POSITIVE SURPRISE Unemployment number drops from 10.2% in Oct. Job loss is -11,000 jobs , (5 digits not 6) and the revisions of past two months way down. Oct. down from -190,000 to -110,000. Sept. down -80,000 too. The non farm payroll decline is greatest since Dec. 2007

These numbers are too good.

Now going to get a bit more technical

If you don’t understand a term look in up at Investopedia.com dictionary LINK

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Significant forecasting tools/Indexes for stock markets

(Besides #1 Volume & #2 Reaction to News)

BDI - The Baltic Dry Index measures the flow of goods by price (world trade) .

The BDI rose +144 points yesterday and closed at 4062. Technically  the BDI broke out through its major resistance level 4291 (this year’s high) over a week ago.  The BDI has rallied about 1800 points since late September. After 16 up days in a row, 9 down days in a row & now up 2 days in a row. Multi day moves in one direction are common

What it means – Long term we created a higher high on the chart = Bullish. The BDI is far more useful as a long term indicator of not only world trade, but specifically China and growing emerging markets. After, what looks like a technical correction we are agin moving higher.

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The Dollar is currently the #1 forecasting tool .

$USD - Check out the 6 month chart (to the left) or a multi year chart of the US dollar of the US dollar. Mantra – Dollar up = US stocks down & Dollar down = US stocks up US dollar rose  +0.08% yesterday . Anything close to or over +/- 0.50 is significant  The dollar closed at $74.71 . 

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$NYMO The NY Stock Exchange McClellan (EOD) Index measures how much the NYSE is oversold or overbought .

The index closed at +4.82 This is a Neutral Position . This chart is showing we seemed to have reached a plateau. It’s spilled over a little bit, but the McClellan index has moved between +25 & -25 .  There has been no clear buy or sell signal for over a month,. Oversold conditions (@ -60) = buy, Overbought positions (@+60) = sell

The closer we get to +/- 60 the better our chances of making money with a shorter term buy/sell signal

Positions

The  Positions Section (top of blog) to see all the latest buys and sells

This section need to be updated – Sold 8% (24 to 16 % position in portfolio) of FXI and all of DGP. Taking profits was a mistake and bought back all of DGP (Double gold) & 1/2 of FXI.  This all happened because yours truly got spooked over the Dubai crisis.

Recommended ETF’s and Trades

DGP – Investors411 once again sold all of the DGP (2x what gold does)position at 32.7 yesterday. (see yesterday’s Investors411 – danger of going parabolic)  About a week ago I sold  DGP for a +6% gain. This time it was only a +3% gain. Still holding onto some GLD and expect a pull back.  We have NOT had a big parabolic move higher, but perhaps a small one and are definitely over extended. Gold is going to drop like a stone today because of jobs report (see yesterday’s update) The DGP play is only for traders and short term investors.

NVS – Tightened the stop on NVS to @ 5% below where it is now.

AMZN – Perhaps it was a mistake to hold onto this stock into the jobs report, but we still have 1/2 position if this stock. It’s up almost 20%, but due for a pullback.  Again any stock investment or ETF that doubles or triples what a normal ETF does is a short term play for traders and short term investors – NOT long term Investors .

Long Term Outlook = CAUTIOUSLY BULLISH

Iran

What was supposed to be demonstrations marking the 29th anniversary of the Iranian revolution turned into a night and day that members of the Green Revolution let their voices ring out. Professor Juan Cole’s website has details and video. Its heatening to see so many protest (“huge crowds”) despite those that have disappeared into Ahmadinejad’s Iranian prison system. LINK

Vietnam & Iraq/Afghanistan – Optimism

Even though many including this blog have focused on the negatives surrounding the “unjustified” invasion of Iraq and long term consequences,there are some major reason for long term optimism.

In Vietnam we used chemical weapons (agent orange) carpet bombing and even resistance was slow to organize. These weapons were not used in Iraq. Democracy was insisted on by Sistani (the #1 Shia religious leaders) and after a year of demonstrations the US relented. In Afghanistan the poll numbers have already turned negative LINK This poll was before the election debacle.

In no way does this excuse our growing nation building disaster in the Mideast under Bush and Obama. But, it is a long term ray of sunlight in an otherwise dark cloud.

US Elections

Republicans won two governorships in NJ and VA formerly held by Dems. The Dems won a congressional seat in NY – formerly heavy Republican district.  Overall a better night for Republicans and bottom line is about the economy.  Three out of mainstream observations

• NJ Democrat Gov. candidate was a mucky muck at Goldman Sachs.  GS & Wall Street are loved about as much on Main Street as the New York Yankees outside NY metro area.
• The “conservative” running in NY congressional race considered radical right wing FOX commentator Glenn Beck “his hero.”  He had huge support from the “tea bagger” or dominant wing of the Republican party.
• Long time incumbents spent huge money and had difficulty getting elected – example mayors Bloomberg in NYC and Menino in Boston.

STOCKS

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

Index	Percentage %	Volume
Dow	-0.18%	down
NASDQ	+0.40%	down
S&P500	+0.24%	down
Russell2000	+1.46%	-

Investors411 record – 4 1/2 years of beating benchmark S&P 500

(see results for last 1/2 year – click  6/25 & scroll down)

• Brown = repeat statements
• Green = usually bullish statements
• Red = Usually bearish statements

Technicals, Fundamentals & Analysis

This is the last post for the week

Friday’s jobs report is the news for the week .  What we have is an oversold market going nowhere. Wall Street term for this is “churning.” Because we are so oversold a good jobs number (loss less than 200,000) would probably move market higher.  Oversold also limits downside risk.

Best Read of Tea Leaves – We will not get a sub 200,000 number.

For traders – A high unemployment figure means the stimulus will keep flowing  and I’d buy the dip. Even though everyone is watching Friday’s employment figure – keep an eye on the dollar. If we have a significant break through of the resistance level expect a meltdown in stocks as the dollar rises.

In Asia and Europe oversold markets rallied last night, so this could carry a positive bias to the USA today.

FOMC meets to day – expect no change.  Any changes in wording would be negative and a shock.

The Dollar War - (Part 2) The big news of the day was India buying $6.7 billion dollars worth of gold from the International Monetary Fund. This is an investment in gold not dollars. Still, obviously central banks did buy enough dollars to halt any dollar decline yesterday.

FYI - Best 25 preforming stocks since Obama’s election LINK

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Significant forecasting tools/Indexes for stock markets

(Besides #1 Volume & #2 Reaction to News)

BDI - The Baltic Dry Index measures the flow of goods by price (world trade) .

The BDI is @ 24% off its high (early June) Before that it gained almost over + 630% from its all time low of 663 in Dec. of 2008 (April 2009 high of 4291 )

The BDI rose a significant +62 points yesterday and closed at 3247. The rate of change is diminishing slightly. A higher high price on its chart pattern has been confirmed The BDI has rallied almost 1100 points since late September. =  Bullish for stocks & world trade right now

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The Dollar is currently the #1 forecasting tool .

$USD - Check out the 6 month chart (to the left) or a multi year chart of the US dollar of the US dollar.

Mantra – Dollar up = US stocks down & Dollar down = US stocks up

US dollar rose a modest -0.12% yesterday. The dollar closed at $76.33 . The dollar did briefly rise above its 50 day moving average.  The dollar is technically doing what prices do in front of major resistance/support levels – hesitating. The longer it hesitates the better the chances for reversal.

From yesterday – The next important resistance level for the dollar is the falling 50 day moving average (blue line on chart). This is at $76.67 this AM . So dollar is only 0.34% away from major resistance. It’s the line in the sand – Best read of the tea leaves is that it will hold. In fact, Investors411 will add to some positions  as we get close to this resistance level.

Positions

The  Positions Section (top of blog) to see all the latest buys and sells

Our major core positions into weekend. (See Monitor’s post in comments section)

NB  – These core positions have been long term positions for years and are STILL OUTPERFORMING the benchmark S&P 500 – For more see overview section

GLD – Gold rose a significant 2.41% and broke out to a new all time high in huge volume. This was based on the news of India buying a huge hunk of the shinny yellow stuff. (buy the dip)

EWZ – Brazil – has gone up too far too fast and was overdue for a correction. (see past updates)It had about a 10% correction (see chart) and its 50 day moving average is acting as strong support.  Think those of you who bought the dip will be rewarded in the long run.

FXI – China -  too recetly had almost had a 10% correction, another buy the dip opportunity.

Both China and Brazil could go lower if the jobs number is bad or the dollar rises too high. They go down faster than US markets, but rise much faster than US markets. The BDI recent move higher is favorable for both.

Considering diversifying into Indonesia & Vietnam ETF’s Also, for traders as an individual stock AMZN – great technicals& fundamentals, but also a swine flu play. If the flu ends up keeping folks housebound AMZN should profit. (more on Monday) It is currently dipping.

Concerns – 10 even 20% corrections are healthy for FXI and EWZ in the long term. Yes, these and other emmerging markets are recovering fundamentally far faster than the USA. But anything that goes up to too fast forms a bubble and they burst.

SPX – Selling entire position as soonas I get back from art show – taking profits and freeing $ for other investments.

Long Term Outlook = NEUTRAL

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING!

This is the Moment

Huffington Post photo

You can make a difference. I joined to make a difference in the health care reform not for me (I’ll soon be on Medicare) but for my/your kids, grandchildren and the future of America. Hope you will too. LINK HERE

Just in case here are some more facts on health care in America.

• The illusion that we have the “best health care system in the world” – link here
• Among the developed countries we have the 10th highest death rate of cancer patients. link here
• Staggering health cost prevent 38% from getting access to heath care access vs. 11% for Canada and 6% for the UK link here
• I know he’s theatrical, but his facts check out. Here’s Michael Moore’s SICKO blog link here

The public health care component proposed does not go far enough to really make me happy. But, its a start.

STOCKS

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING!

Index	Percentage %	Volume
Dow	-0.42%	up
NASDQ	-0.91 %	up
S&P500	-0.29%	down
Russell2000	-0.83%	-

Investors411 record – 4 1/2 years of beating benchmark S&P 500

(see results for last 1/2 year – click  6/25 & scroll down)

• Brown = repeat statements
• Green = usually bullish statements
• Red = Usually bearish statements

Technicals and Fundamentals

Big news is JOBLESS FIGURES for July that come out on Friday. Anything over -400,000 will be bad for stocks. The “cash for clunkers ” program will improve auto sales for the next month or two. Senate just approved more funding. Unfortunately after the Ford Focus the next 4 top selling cars in the program are foreign. Link here

Tech giant  Cisco CSCO (see chart) marks the end of major earnings reports for the quarter. There were some positive comments about the economy from the CEO here

Significant forecasting tools/Indexes for stock markets

BDI - The Baltic Dry Index measures the flow of goods (world trade) It looks like we could be forming another lower high and that would reinforce the mid term bearish pattern . 2975 is the major support level and the BDI closed at 3051 down last five days in a row. As long as we hang in above 2975 stocks should do well.  This chart (click on BDI at beginning of paragraph) moves rather smoothly,

In a nut shell the BDI is

• short term – Bearish trend starting
  
• mid term -  Bearish pattern
• long term - Bullish pattern

Warning – The BDI falling through its support level at 2975 would be very bearish. BDI fell 109 points yesterday. The rate of decline is growing. At this rate we will reach critical support today.

.

$USD - We broke that major support on Friday and dollar took another big hit Monday Tuesday the dollar inched forward +0.19% Yesterday the dollar gave back those gains -0.23% Here’s a multi year chart of the US dollar that show the line in the sand support level or its all time low below $71.00 in April to June of 2008

What this means for stocks – The dollar has a long way to fall before it hits major support. Y esterday’s close - $77.56 Therefore, stocks (and oil prices that are tied to the dollar) have a long way to rise before this support level is reached .

Falling dollar is Bullish for most US stocks

Positions

The whole Positions Section has been revised (Click on “Positions” at top of blog). Check it out

The problem here is investors are buying the smallest of dips. We’ll keep adding until the dollar and the BDI fall to their major support levels. The Dollar dropping is key to this rally and it has a long way to go before reaching major support levels. The BDI is close to breaking support and this will impact all exporting economies.

• Sold all EWS (Singapore ETF) at 10.25 . This was bought at 9.4 (see positions section of the blog) The net gain on this trade that was @6% of portfolio was @+8%
• Sold all of EWY (South Korea) at 41.75. This was bought at 39.9. The net gain on this trade which was @5% of portfolio was @ +5%
  

If job numbers are bad, but not a disaster, ill buy QLD Friday when stocks fall. Also considering add more EWZ (Brazil) on dips ASAP. This again depends on the jobless numbers.

Perhaps I’m wrong, but the downside risk (markets are also way over bought) outweighs the upside gain right now. Also the BDI sure looks like its going to break support levels and make a lower low. That’s bad for world trade especially Singapore and S. Korea that depend on it.

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING!

“The significant problems we face today cannot be solved at the same level of thinking we were at when we created them.

Albert Einstein

 

Barack Obama addressed (video & Transcript) the Muslim world yesterday in Cairo Egypt. He earned a standing ovation from the crowd of 2500 many with “tears in their eyes” (al Jazeera report) and no one threw shoes.

If you think in one dimensional fundamentalist terms like Osama Bin Laden and others you hated the speech. True fundamentalists everywhere believe your “either with us or against us.” In fact, Obama did not even once dignify the radical extremists  by  mention the word “terrorist” in his address. Instead he mentioned the word “peace 29 times.

“I have come here,to seek a new beginning between the United States and Muslims around the world; one based upon mutual interest and mutual respect; and one based upon the truth that America and Islam are not exclusive, and need not be in competition. Instead, they overlap, and share common principles — principles of justice and progress; tolerance and the dignity of all human beings.”

Yesterday the USA started building a bridge or, for those old enough to remember, you might call it introducing”detente.”  Extremists need growing hate to swell their numbers. Obama took that away.  al Jazeera, the #1 media outlet in the Arab world, editorialized Obama’s speech “was more than just soaring oratory and soothing words.”   This was just one small speech of a man, but perhaps one giant step for mankind.

For more see David Levy’s 10 Comments, or David Corn’s Obama’s Tough Tour de Force

STOCKS

AS ALWAYS, DO YOUR OWN RESEARCH BEFORE INVESTING

Index	Percentage %	Volume
Dow	+0.86%	flat
NASDQ	+1.32%	up
S&P500	+1.15%	up
Russell2000	+1.72%	-

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Technicals & Fundamentals 

The NASDQ was the only index that had confirming (the price move) above average volume. Volume is still not confirming the price move for both the Dow and the S&P 500.

8:30 AM EST Unemployment Numbers for May -345,000 Much less than expected and a 154,000 drop from previous month. Last two months revised down @80,000 and unemployment rate at 9.4% Wow! Blow out numbers for stocks.

$USD - The Dollars fall significantly impacts the rise in oil prices (oil , for the most part is traded in dollars) The fall of the dollar influences a  lot more (stuff for future posts)

XLF - The ETF that tracks financials (mostly shadow banks ) rose +3.58%. 

WTIC - Oil prices rose +4.07% to $68.81 – A new high for the year. As stated before – “Higher oil prices are an indication of economic recovery, but also hurt that recovery because it means energy prices will rise.”

BDI - The Baltic Dry Index measures the flow of goods (world trade).  After what seems like almost a month of consecutive up days in a row the BDI fell yesterday.  A one day drop from 4,291 to 4080 in itself is not significant, but a 5 day trend to the downside would be. 

Reading The Tea Leaves -  

The longer we stay above breakout levels, the better it is for the bulls. Lack of volume is a concern and we have to watch the BDI to see if the reversal grows. Until we fall back into the consolidation pattern the new CAUTIOUSLY BULLISH outlook holds.

The Hedge

This is both a new concept and a new position for Investors 411. It’s really not that complicated and does not involve you buying puts and calls. It’s simple and if it works you could money no matter if the market goes up or down.

Basically your investment is that the NASDQ 100 will outperform the S&P 500.  If markets rise the NASDQ will go up faster (it did today by +0.17% – see above chart) If the markets fall, hopefully the NASDQ will fall less.

Reasoning – A large part of the top 100 NSDQ are well capitalized tech companies and tech usually outperforms the S&P in up markets. The S&P 500 contains a lot of insurance and financials that already have had a massive run. In the future there will be a battle over how to regulate these companies. This should negatively impact these stocks. 

Technically this hedge has been working over the last two months.

Here’s the trade – Buy equal dollar amounts of the following two issues.

QLD -Does @2x long what the NASDQ 100 does (ProShares Ultra ETF of QQQ)

SDS – Does @2x short what the S&P 500 does (ProShares Ultra Short S&P 500)

Because the NASDQ outperformed the S &P by 0.17% this hedge probably made @0.34% yesterday. Caution there is rarely a 100% correlation to the the two major indexes do. Basically it aproximates.

Either QLD or SDS is going to make money over time the other will loose. You probably will not make as much $ as you will in going all long or all short. But my read of the tea leaves is this stands a good chance of being a winner,  I’m personally committing @15+% of portfolio to this hedge.

AS ALWAYS DO YOUR OWN RESEARCH BEFORE INVESTING !

How bad is the economy? One photo says it all. IMF -toxic debt = @$4 trillion. The Good – Hopes are up since the Inauguration, The Bad – Unemployment numbers/comparison chart. The Ugly – Larry Summers the Clinton’s cheerleader for deregulating banks and a huge conflict of interest

How Bad is the Economy?

 

Thanks to one of you who sent this in with caption

CATS ARE SO DRAMATIC

photo credit – somebody called terrance who sent it to lennel.t- lennel.moi-nonpl.us/?p=807

 

The Good

A NYT/CBS Poll finds more optimism about the country since the inauguration. Folks approve of the way Obama is handling the economy. Headline NYT story here

The Bad

Friday’s Four Bad Bears chart got 20 million Google hits  according to a Monday editorial. You got the chart on Investors411 Friday AM.

Behavior economics is important. If so many folks (potential investors) are looking at the long term bear charts –  you  should be concerned. (Click on 4/3 on calender at top of blog to see chart again).

Here’s another chart you are not going to like. From Justin Fox at Time magazine. Titled: Job Losses Are Now a LOT Worse Than the 81 82 Recession

The brown line is the current recession job loss.