Taking the other side of the extremely bearish Robert Prechter view of the markets is today’s chart of the day which shows the performance of several post-massive bear market rallies:
Category: Chart Of The Day
(Just Charts)
THREE CHARTS I’M WATCHING
They say a picture is worth a thousand words. While I am by no means a chartist I do track many assets and indicators by simply reviewing their charts (see [ … ]
NOT A STOCK PICKERS MARKET
The stock market has turned into a schizophrenic herd of sheep. Correlations have entirely converged in recent months as money simply flows from bullish to bearish depending on the current [ … ]
GREEK DEFAULT: IT’S ONLY A MATTER OF TIME
Is Greek default only a matter of time? According to the Council on Foreign Relations that’s the story the bond market is currently telling us. Despite unprecedented government intervention the [ … ]
JOBLESS CLAIMS IMPROVE
More much needed positive news in the jobs arena. Jobless claims dipped to 451K vs an expected reading of 470K:
RAB CAPITAL: “MASSIVE” DECLINE IN YIELDS COMING
The bond bubble theorists aren’t going to be happy about this report from RAB Capital. Their analysts believe there is room for a “massive decline” in government bond yields in [ … ]
GOLDMAN’S GLOBAL LEADING INDEX REMAINS HIGH, BUT TRENDING LOWER
Goldman’s Global Leading Indicator has continued to decline since we last highlighted it, however, their economists are not overly concerned about the decline. At this point, they appear to be [ … ]
PUTTING THE JOBS DATA IN PERSPECTIVE
Yesterday, the Labor Department reported that nonfarm payrolls (jobs) decreased by 54,000 in August — the third consecutive decline. Today’s chart puts the latest data into perspective by comparing job losses following the beginning of the current economic recession (solid red line) to that of the last recession (dashed gold line) and the average recession from 1950-1999 (dashed blue line).
READER QUIZ: WHICH IS WHICH?
In our continuing effort to decipher the ECRI’s Weekly Leading Index we decided to explore what, in our opinion, looks more like a coincident indicator than a leading indicator. This [ … ]