1) There are very few fundamental indicators that support the rally.
Uncertainty over whether Obama, Bernanke, Geithner & Co. are the right folks to handle the most difficult economic environment since the Great Depression.
Uncertainty over whether Obama, Bernanke, Geithner & Co. are the right folks to handle the most difficult economic environment since the Great Depression.
Well, The NYSE Financial Index has broken down. I honestly don't really know what to make of it, however, as the XLF financial ETF is still above its respective multi-month lows. This divergence makes me wonder if it may turn out to be a false breakdown but as I tweeted earlier, "stocks SHOULD be able to rally here. [It] says much that they can't seem to pull it off."
Well, The NYSE Financial Index has broken down. I honestly don't really know what to make of it, however, as the XLF financial ETF is still above its respective multi-month lows. This divergence makes me wonder if it may turn out to be a false breakdown but as I tweeted earlier, "stocks SHOULD be able to rally here. [It] says much that they can't seem to pull it off."
While the president touts the profits made on the TARP the government must be losing it all and then some on Fannie and Freddie. Doesn’t it make you proud to know that as an American citizen you own a piece of this piece?
Once one of the nation's fastest-growing cities, Bend has shed thousands of jobs during the past two years. The number of families receiving food stamps has more than doubled. Last week, the state Employment Department reported Bend's seasonally adjusted unemployment rate for December at 14 percent — higher than the statewide average of 11 and the national rate of 10… Bend was among the first places in Oregon to be swamped by the economic storm, but few here expect it will be among the first places coming out. Not real estate agents. Not business owners. Not social service providers. Not city officials. "In my personal opinion, we will be among the last places to recover," Bend City Manager Eric King says.
While the president touts the profits made on the TARP the government must be losing it all and then some on Fannie and Freddie. Doesn’t it make you proud to know that as an American citizen you own a piece of this piece?
Once one of the nation's fastest-growing cities, Bend has shed thousands of jobs during the past two years. The number of families receiving food stamps has more than doubled. Last week, the state Employment Department reported Bend's seasonally adjusted unemployment rate for December at 14 percent — higher than the statewide average of 11 and the national rate of 10… Bend was among the first places in Oregon to be swamped by the economic storm, but few here expect it will be among the first places coming out. Not real estate agents. Not business owners. Not social service providers. Not city officials. "In my personal opinion, we will be among the last places to recover," Bend City Manager Eric King says.
Bio: Jesse Felder founded Felder & Company in 2000 as an independent investment advisor. Jesse oversees both the company's proprietary investment research and managed investment accounts. He is also the editor of the company's monthly newsletter "The Felder Report."
