Stock Capitalist

Picking stock winners, predicting the price movements of gold and oil and guessing interest rate movements are all complete folly. It is as impossible for the experts to do this as it is for regular people so DON’T WASTE YOUR TIME TRYING! Keep your money in cash, ….. Yes, the auto industry’s woes coincided with the financial meltdown creating a liquidity crisis which left the federal government with the only pockets deep enough to invest in the bail-out and buy-out. …

As for the recent stock market rise, they both call it a “sucker’s rally” that will reverse as the US economy keeps contracting and the financial system suffers unexpected or manipulated shocks. Highly respected market analyst Louise …

In this video I revisit the price action in SPOT GOLD and SPOT SILVER, Both metals show continued bearish price action and have given us important weekly closes, in the case of GOLD, that is under the neckline of a weekly H&S pattern and in the case of SILVER a close under the last support line, and under the rising blue line from the bottom. The 60 minutes charts also show that the metals are likely headed immediately down. The charts in this video are available for a free download from my …

A financial information site with an emphasis on Gold and Preservation of Capital. — This week provided ample confirmation for the global reflation thesis. The dollar index dropped another 0.9%. Gold surged $22 to $979. Crude oil jumped … Financial stocks were also strong. The Banks rose 4.6% (down 15.6%), and the Broker/Dealers gained 4.0% (up 28.5%). The broader market posted big gains. The S&P 400 Mid-Caps advanced 4.2% (up 6.9%) and the small cap Russell 2000 rose …

A comic that will ring true to blogophiles and academophiles (?) everywhere.

Government estimates released today show that corporate profits (and corporate tax revenues) rose from the last quarter of 2008 to the first quarter of 2009. But compared to what they were a year ago, things still look dismal.

A new book — whose publication caused its author to resign from a prominent investment banking position — forecasts that gasoline prices will rise to $7 per gallon, and will thereby help North America return as a manufacturing powerhouse.

STOCK MARKET WATCH, Friday May 29, 2009. Bush Administration Officials Under Indictment = 2. Financial Sector Officials Under Indictment = 0. Financial Sector Officials In Prison = 2. AT THE CLOSING BELL ON May 28, 2009. Dow… 8403.80 + 103.78 (+1.23%) … Fed’s Balance Sheet Shrinks 4.6% on Decline in Banks’ Borrowing, ozymandius, May-29-09 07:00 AM, #9. Blaming Clinton? (redux of yesterday’s post: Clinton and the financial meltdown ), ozymandius, May-29-09 07:05 AM, #10 …

The accounts allowing workers to pay for medical care with pretax income seem designed to be inequitable, administratively cumbersome, inflationary and vexatious, an economist writes.

… at least about the economy, according to Gallup.

The Center for Economic and Policy Research, a research organization in Washington, has put together a list of economists who are calling for a third stimulus package.

Oil has been trading flat on the day despite higher equity futures and a weaker USD, after OPEC decided to leave quotas unchanged. There had been speculation earlier in the week of potential production cuts . …… Interest rate movements were tugging at the stock market for a second straight day. Investors were relieved that a $26 billion auction of 7-year notes went well Thursday, a day after sending long-term Treasurys plunging on fears that the government could …

To talk about imminently increasing inflation in the United States today is to meet with policy makers’ derision, an economist writes.

Bond yields backing up is nothing to worry about in terms of the stock market going forward. Will it effect the real estate markets… No! Prices have fallen around 40% so the principal has been cut in 1/2 while the interest rate cost is still lower ….. During the last financial meltdown (S&L crisis) Bank of Boston traded down to $2.00. Everyone thought it was the end of the freaking world. They recovered, merged with Shawmut (the killer whale) and are now part of BofA. …

And gold is looking a little frisky too. If you think inflation is the future, sell anything denominated in dollars – or any fiat currency the value of which will be inflated away. Buy gold , oil , Brazil, China. Even copper. …. If deflation seems to be taking hold I suspect we’ll see a test of the bear market lows. Will foreign equities do well if the U.S. stock market has another melt-down ? I doubt it. On big moves global markets seem to work in synch in the short term. …