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Cycles…
Mayan Indian elder Apolinario Chile Pixtun has restated his belief that the world is not going to end in 2012. Or more precisely, that his beliefs don’t suggest the world should end despite it being the end of a major cycle in the Mayan calendar. According to China Daily, he is even more emphatic that he’s tired of being asked about it. 2012 is the end of a 5126 year cycle (end of the 13th of 13 Baktun). It also ends a 26800 year cycle that may relate to the Earth’s wobble, which is useful for gauging the drift of…
22Oct2009 | HRA Advisories | 0 comments | ContinuedRichard Russell: The Verdict Is In – It’s a Bear
Source: Richard Russell, Dow Theory Letters
The verdict, at long last, is in. Today the D-J Industrial Average closed below its November 20 bear market low. In so doing, the Dow confirmed the prior breakdown of the Transportation Average. The two Averages jointly closed at new lows today, thereby signaling that the great bear market remains in force.
According to Dow Theory, neither the duration nor the extent of a bear market can be predicted in advance. However there are some useful hints. Most major bear markets end with stocks at "great values" or as some Dow Theorists put it, "below known values."…
23Feb2009 | The Gold Report | 0 comments | ContinuedFED to issue credit cards to in debt consumers?
I’m joking of course but who knows as the ideas just get goofier.
The Federal Reserve took two new steps to unfreeze credit for homebuyers, consumers and small businesses, committing up to $800 billion.
The central bank will purchase as much as $600 billion in debt issued or backed by government-chartered housing-finance companies. It will also set up a program of $200 billion to support consumer and small-business loans, the Fed said in statements today in Washington.
“This action is being taken to reduce the cost and increase the availability of credit for the purchase of houses, which in turn should support…
Global Investing Roundups
Retailers 3Q Earnings Dismal; Cisco Sees Small Biz Sales Growth; Blackstone Posts $502 million 3Q Loss; IEA Sees $100 Oil Average; Mattel Toying with Job Cuts; Direct TV Earnings Up; Fidelity Cuts 1,300 jobs; Jobless Claims Fall
- October sales dropped for big-name retailers Macy’s Inc. (M), Target Corp. (TGT) and Gap Inc. (GPS) a result of continuing job losses and widespread credit drought that took the spirit out of consumer spending. Same-store sales climbed 2.4% at Wal-Mart Stores Inc. (WMT), as tight-budget shoppers searched for cheaper prices, Bloomberg reported.
Global Investing Roundups
Google Doesn’t Disappoint; Jobless Claims Drop but Remain High; Peabody’s Third Quarter Lights Out; Nucor Profit Doubles; Nokia’s Profit Dip; AMD Narrows Loss; Hershey’s Sweet Surprise; Citi’s Consumer Credit Woes
- Google Inc. (GOOG) said yesterday (Thursday) that profit climbed 26% to $1.35 billion, or $4.24 per share in the third quarter, up from $1.07 billion, or $3.38 per share, at the same time last year. Revenue soared 31% to $5.54 billion.
- Initial claims for unemployment insurance last week fell 16,000 to a seasonally adjusted level of 461,000 the Labor Department reported yesterday (Thursday). However, the four-week average, which is less volatile, increased slightly…
Finding the Bottom in Commodities
Re-Running the Bulls
In just the last couple of months, commodity stock prices have melted like ice cream on a hot summer day. I’ve been burning the phone line and firing off e-mail to people in the field about what they see.
Over the years, I’ve developed quite a network of contacts. If I have a question about natural gas in Kentucky, I know someone who can tell me what I need to know. He’ll know exactly what property I’m talking about and who the operators are. If I want to know about Barnett Shale, I know a guy who’s spent many…
11Sep2008 | Whiskey and Gunpowder | Comments Off | ContinuedInvesting in Africa
African Profits
Zanzibar, Dar es Salaam, Mombasa, Mogadishu, Mumbai, Mangalore…all trading cities along the fabled rim of the Indian Ocean. These eastern African cities thrived between the 12th and 18th centuries, with ships sailing in and out on monsoon winds. They will thrive again on the tailwind of a long-term bull market in commodities.
“From here in Africa, we sailed with ivory, mangrove, coconuts, tortoise and cowrie shells,†says an old sailor named Bwama Shafi in a dusty, old issue of National Geographic. “From Arabia, we brought dates, whale oil, carpets and incense. From India, pots, glassware and cloth. Trade was our…
29Aug2008 | The Penny Sleuth | Comments Off | ContinuedInvesting in Microturbines
On-Site and Self-Contained Electricity
Imagine a municipal bus that’s powered by an electric motor, crawling along the crowded streets of Beijing. What does this bus have in common with the Ronald Reagan Presidential Library in Simi Valley, California?
Or imagine offshore oil production platforms in the Gulf of Alaska or the North Sea. What do these offshore platforms have in common with a luxury ski resort near St. Petersburg, Russia?
When you first think of it, there’s not much commonality between a city bus in China and a large presidential library in the U.S. And how do you begin to compare an austere…
27Aug2008 | The Penny Sleuth | Comments Off | ContinuedGlobal Investing Roundups
ConocoPhillips Pumps Profit; Pepsi Sales Improve; Amazon Profit Doubles; Oil Continues to Slide; Northwest’s Almost Profit; Beige Book’s Got the Blues; China’s Google Scores on Olympic Traffic; Chrysler Cuts Jobs
ConocoPhillips (COP) second-quarter profit climbed 13% on the back of record high oil prices. Net income rose to $5.44 billion, or $3.50 a share, for the April-June period, from $301 million, or 18 cents a share, in the year-ago quarter. Revenue increased to $71.4 billion from $47.4 billion a year ago, when the company incurred a $4.5 billion charge related to its former assets in Venezuela.
PepsiCo Inc. (PEP) reported strong second-quarter operating…
24Jul2008 | Money Morning | Comments Off | ContinuedThe Financial Sector’s Future is Still Uncertain
Don’t Bank On The Financial Sector Rallying For Good Quite Yet…No Matter What They All Say
What They’re Saying About The Financial Sector Sounds Nice…
As I was running to catch my early morning flight on Saturday, I grabbed a copy of the New York Times and Barron’s. I looked at the Barron’s cover and figured that I must not have gotten enough sleep and was still in dreamland.
Right there in big capital letters was the advice to buy banks, with the caveat that you should do it selectively.
And no, as it turns out, I wasn’t dreaming.
The article argues that valuations are…
22Jul2008 | Smart Profits Report | Comments Off | Continued
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