Food Stamp use in the United States reaches another record high – One in Eight Americans now on food stamps
Law School Professor says just walk away from your mortgage
Larry Summers – While President of Harvard misguided the investments of endowment funds – $1.8 Billion Loss
(and this is the guy who Obama picked to be the head of the nations economic team)
Making Homes Affordable – Program to curtail foreclosures still does not work – Maybe Plan B will work
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I’ll just let these Amazon charts speak for themselves. Getting a little crammed up in the channel, no wonder AMZN is sitting with a short interest near 6% of the total float.
Amazon is currently trading at a P/E of 77.50
On this chart observe where the standard deviation is currently sitting.
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It has been said numerous times that RebelTraders is only a bear site, in that only bearish news is presented. Is that being objective, or is it merely an echo of reality?
Perhaps if you knew a bit more about me you might adopt a slightly different view of what is presented on my site and why it is I am so adamant about certain viewpoints. You may have a perception that I am a greedy, selfish, or even a stubborn individual who cares only about himself.
While I am bearish on the economy and t... Read Full Story
As mentioned in the special market update video Dubai World is unable to make debt payments. They have asked creditors for an extension to May of 2010. But some creditors are viewing the events as a default by Dubai World. Additionally the risks to Dubai the nation going into default have risen dramatically in the past day.
So what is Dubai World?
Obviously this video needs to be updated to now say at the ending :
Like nothing else, found nowhere else, the world… epic! And Broke
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Following the FX market moves which began late last night the S&P futures have continued to decline significantly. At this time futures are down 22 points.
This is no small drop in the futures market. If these levels remain as they are now expect a large gap down on the US market open tomorrow morning.
S&P futures chart showing price moves since the Wednesday close -
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This is a follow up to the previous post.
Not long ago the USD/JPY currency cross broke through support and fell significantly in the matter of seconds. The US dollar / Japanese Yen pair is now at the lowest point it has been since July of 1995.
What is of even greater importance is that the S&P 500 futures did not rise, instead they fell.
Stay tuned…
USD/JPY Chart
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As has been stated numerous times on this site everything comes down to the currency markets. The US stock market is neither trading on current nor future fundamentals. It is simply moving in reaction to events in the currency markets.This has been the case for at least 3 months now. First as a safety trade, and now as a carry trade that has gotten out of control.
At the beginning and throughout much of the financial crisis the US dollar was a short term ’safety trade’, or in oth... Read Full Story
