From the category archives:
Yesterday, market sentiment shifted to really worrying about a severe global recession and the deflation that would come with it. Since sentiment is 9/10ths of the market, that means a lot.
And don’t pin your hopes on the bailout package stopping the credit crunch and saving the economy. As Paul Krugman noted: “To this [...]
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First, I talked with Phil at HoweStreet.com yesterday about the longer-term outlook for gold …
http://207.59.27.76/exchange/SBRODRICK/Inbox/Howestreet-46.EML?Cmd=open
Also, I wrote a column on gold yesterday in MoneyandMarkets.com …
Your Own Golden Parachute by Sean Brodrick Wednesday, October 01, 2008 7:30 AM Global markets are whipsawing right now as the Federal Government tries to put [...]
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Last night, the US Senate passed the emergency bailout package, so the larded-up piece of legislation goes back to the House of Representatives. This is giving hope to investors, and so boosting the US dollar despite the measure’s $850 billion price tag. This morning, the ECB held firm on interest rates. This makes investors [...]
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Calculated Risk informs us that the national debt is going to surge over $10 trillion today.
As of Sept 29th, the debt was $9,945,578,231,981.59
Partly to blame is the Supplementary Financing Program (SFP) that the Treasury is using to raise cash for the Federal Reserve’s liquidity initiatives. For example, while the bailout package failed [...]
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Apparently, House Republicans are in open revolt against the Wall Street bailout plan put forth by the White House and Treasury Secretary Henry Paulson. Part of it may have to do with all the changes that the Democrats made to the plan to make it palatable to their constituents, like allocating 20% of profits [...]
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US Senate Passes Solar Tax Credit Bill Energy Conversion Devices, Evergreen Solar Inc. and Akeena Solar Inc. surged after the U.S. Senate passed a bill that would extend tax credits on solar power installations through 2016.
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So, the government bailed out AIG to the tune of $85 billion, AFTER saying in yesterday morning that a federal bailout was off the table. Don’t you like how Uncle Sam keeps changing the rules from hour to hour.
Anyway, have you heard about this? Wednesday catastrophe: breaking the buck. Click through and you’ll [...]
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What a wild day it was today. I published one Red-Hot Global Small Caps issue, one Red-Hot Commodity ETFs issue, and two Red-Hot Canadian Small-Caps Issues — all of them trading issues. I also put out another update for my most recent oil report.
So, I didn’t have time to blog until the trading [...]
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Dow futures are way, way down this morning as the US financial sector careens toward a ditch. On the other hand, gold started the morning up $14, but it’s only up $5 as I write this as the US dollar rallies. We’ll sit the morning out — I may have trading recommendations for my [...]
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It’s really make-or-break time for the CRB. That said, the 61% retracement is a good place to bounce, and pullback to this level is quite normal in a commodity bull market. Oil should be bouncing a lot more than it is with a Category 3 hurricane headed toward Energy Alley. This [...]
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