Thread: Bear Cave 2 (Bull Allowed)

Drama at the Fed Meeting?
August 6, 2010, David Kotok, Chairman and Chief Investment Officer


The forthcoming Fed meeting (August 10) is likely to feature an internal debate. We MAY see some evidence of it in the statement released after the meeting’s conclusion. We will not know the intricate details for years.

http://www.cumber.com/commentary.aspx?file=080610.asp

The Biggest Pump Monkey of all Times.... Sure Larry, what we need is to print more money....
Amazing! I can't give my opinion of him at TSP Talk, so you get the idea!


August 09, 2010
Is a Fed Policy Shift Coming?

http://www.realclearmarkets.com/vide...ft_coming.html


Friday’s Trading – 8/6/2010
Kudlow Still Clueless
Last night on his CNBC show, Larry Kudlow tried to make excuses for Corporate America’s outsourcing of jobs by saying that the USA had a hostile business environment.

http://www.trivisonno.com/fridays-trading-862010



Clueless Kudlow
At the beginning of his CNBC show on Wednesday night, Larry Kudlow asked: “Big business is making big money, but why aren’t they creating jobs?” Kudlow doesn’t understand the very system that he advocates: wide-open free trade. Corporate America is creating jobs in places like China, India, and Mexico. As a matter of fact, Whirlpool recently sent 1,100 refrigerator-making jobs from Indiana to Mexico. What’s the problem, Kudlow? Everything is going according to plan – your dumb jobs-exporting plan.


http://www.trivisonno.com/

Zooming Into the Analog

Waiting for "L" is a drag, but no one is going to ring a bell an announce a nearly 20% drop is about to take place. I want to be ready for it when (OK, if and when) it comes.

http://slopeofhope.com/2010/08/zoomi...he-analog.html

Monday, August 9, 2010
Nothing To Write About


As an aside its amusing how the crowd could not find an economic reason to get bullish so they are using QE 2.0 as an excuse. They always find an excuse to get bullish after the market is already up. They think they are "investing" but in reality they are following their primal instinct to be part of the herd. Have a good night.

http://capitalobserver.blogspot.com/

August 08, 2010
Moving Away from Conspicuous Consumption
The relentless consumerism of the good old days -- i.e., before the financial crisis hit -- seemed as natural as Apple pie. Now, though, it's becoming apparent that the spending habits of old were more a factor of cheap money economics and nonstop corporate propagandizing than an unavoidable human compulsion. Brought back to earth by a harsh new reality, many people are discovering, as the New York Times reports in "But Will It Make You Happy?" that there's more to life than borrowing and buying:

http://www.financialarmageddon.com/

Market Condition: Overbought




So much of this is theatrical.

At the root, it is about sending messages.

The Fed could also change the language coming out of their August 10 Open Market Committee Meeting to prove that they will fight deflation, keep interest rates near zero for an extended period, and even increase their inflation targets (the latter is unlikely at this time).
The jobs numbers this Friday could be determinative.

Still, Fed Chair Ben Bernanke didn't sound too interested in changing the central bank's policy in a speech yesterday.

He accurately described the crisis in state budgets, and then suggested the states should have increased rainy-day reserves (um, they had record reserves leading into the recession; it just happened to be an unfathomably large one).

Overall, Bernanke sounded upbeat yesterday.
It would be out of character for him to turn around and authorize a new monetary easing program.

--David Dayen, "Federal Reserve Finally Taking Double Dip, Deflation Seriously?", August 3, 2010.

An Important Note Of Caution

Tony recorded a quick message for you Tuesday (August 3rd, 2010), that he feels is very important for you to watch right now. It’s an important note of caution on today’s economy and 7 things to consider as you watch the stock ticker go up and down. Please view and share this timely update with anyone you care about.

How have you taken advantage of the economic season?

http://business.tonyrobbins.com/78/a...te-of-caution/

Unemployment Must Be Addressed - 08/09/10


The jobs picture will continue to frame the weak economic outlook and will negatively impact our stock market.

http://seabreezepartners.net/letters&id=791&catid=15

SectorVue weekend comments for Monday August 9th , 2010

Gone Fishin’

INTERMEDIATE OSCILLATOR - on the verge of a confirmed Sell signal.

http://www.decisionpoint.com/TAC/SCHULTZ.html

The Stupidest Advice I've Ever Heard
By Jeff Clark
August 5, 2010

http://www.growthstockwire.com/archi...010_aug_05.asp

Tuesday, August 10, 2010
A Reason To Give In To Desire

When the market is rising participants want to find an "intellectual" reason to join the herd. Sentiment has stayed neutral to slightly positive as the horrendous data has not allowed participants to turn bullish to an extreme. QE 2 could give those fence sitters the intellectual excuse to follow their primal instinct of joining the herd. A rally that lasts into expiration with extreme sentiment would be an excellent short setup.

http://capitalobserver.blogspot.com/


Popular delusions began so early, spread so widely, and have lasted so long, that instead of two or three volumes, fifty would scarcely suffice to detail their history.
The present may be considered more of a miscellany of delusions than a history, a chapter only in the great and awful book of human folly which yet remains to be written, and which Porson once jestingly said he would write in five hundred volumes!

--Charles Mackay, Extraordinary Popular Delusions and the Madness of Crowds, 1841.




Market Condition: Overbought


"Patience is the companion of wisdom."
- Saint Augustine