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Florida real estate, GOOG, and the recovery…what is the common theme?

January 8, 2010 by graspthemarket   Comments (0)

This is a story that may have slipped under the radar. According to Martin Crutsinger, AP Economics Writer (article title: Fed emergency loans to banks up slightly), “Banks borrowed slightly more from the Federal Reserve's emergency lending program over the past week but the amount was still well below levels reached during the height of the financial crisis, the Fed said Thursday.”

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Banking sector…Interest rates to stay low for a long time, and Bernanke knows it

January 7, 2010 by graspthemarket   Comments (0)

January 7, 2010 (7:03 AM CST): I’m not the only one worried about housing. Some people at the Federal Reserve are also worried. According to reuters.com, “’Some participants...noted the risk that improvements in the housing sector might be undercut next year as the Federal Reserve's purchases of (mortgage-backed securities) wind down, the homebuyer tax credits expire, and foreclosures and distress sales continue,’ minutes of the Fed's Dec. 15-16 policy-setting meeting said.”

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Cramer says GS is immunized. That is 100% false.

January 6, 2010 by graspthemarket   Comments (0)

January 6, 2010 (5:25 AM CST): During the day yesterday, Jim Cramer responded to Meredith’s Whitney’s call on lowering Goldman Sachs earnings. <\p>

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“Your Rules Don’t Apply to Me,” Said the Spoiled Child

January 6, 2010 by graspthemarket   Comments (0)

Wouldn’t it be nice to have your own set of rules when you’re playing a game? You could do what you want when you want to do it. A main advantage of that strategy is that you can win at the game no matter what. And if you change the rules, there can be no consequences for breaking them. When I think of that kind of attitude, I think of a spoiled child or a hero in a movie—not the financial world.

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Elliott Wave Analysis 01.05.09: DIA, SLV, TLT, DBAA Yields, and S&P 500 vs. RSI 70

January 5, 2010 by graspthemarket   Comments (0)

The Big Picture (with ETF: DIA):This is the DIA weekly. The rally from the March lows has been labeled as an ABC zigzag (Elliott Wave Principle, p. 43). There is symmetry to this labeling because wave A virtually equals wave C. Wave A=24.24 points, and Wave C=24.64. The Big Picture This is a common pattern that emerges when labeling waves, and it gives the chart some continuity. A piece of evidence that the market is near a top is that as DIA continues to trade a little higher, the fast and slow Stochastic fail to confirm that upward direction of the DIA. This is a noticeable negative divergence. Also, as the DIA is near the top, the RSI (14) is only reading 64.20 currently. A stronger reading of over 70 would be more advantageous to confirm the upward direction. For example, the highs of 2004 and 2007 had readings of over 70.

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Deleveraging starts with pulling back risk. That is not happening, yet.

January 5, 2010 by graspthemarket   Comments (2)

It is evident to me that banks and brokerages still don’t “get it.” In the face of losing basically everything, it would make sense to me that banks and brokerages would change their ways. Or maybe the government would make new laws to contain over leverage.

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A Holiday Recipe Not Worth Repeating

December 21, 2009 by graspthemarket   Comments (0)

As I prepare for the holiday season, I think about all of the great recipes that I’ve used for baking holiday desserts. Over the years, I’ve had some recipes that haven’t quite turned out the way that I had wanted them to. Sometimes I’ve added too much of this or that, and sometimes I’ve baked the cookies too long. The bad recipes get quickly crossed out and are not used again.

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Regulating social networking

December 18, 2009 by nikpratt   Comments (0)

Regulating the use of social networking may seem as easy as herding cats or boiling an ocean but FX brokers in the US may have to follow a series of compliance measures if the National Futures Association (NFA) gets its wish. The NFA, the watchdog for the US commodities and futures market, has proposed a series of rules to regulate the use of social networking for investment purposes. http://www.docstoc.com/docs/document-preview.aspx?doc_id=19495361

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