MrHanky Posted June 2, 2009 Report Share Posted June 2, 2009 Nothing at all happened today.....Bears scared to short,bulls unsure about going all the way. Bears need to push this down fast or they could be in a world of hurt. Link to comment Share on other sites More sharing options...
Bungster Posted June 2, 2009 Report Share Posted June 2, 2009 No more live bears left.... Link to comment Share on other sites More sharing options...
Jorma Posted June 2, 2009 Report Share Posted June 2, 2009 It seems everything is keying off the dollar and its relentless but quite orderly drop. Just like oil, gold, stocks and so on. Dollar index. June future. Monday close Link to comment Share on other sites More sharing options...
DrStool Posted June 2, 2009 Report Share Posted June 2, 2009 FCBs Help Stockpot Boil- Professional Edition by Lee Adler, Tuesday, June 2, 2009, in Money and The Fed, Professional Edition | Permalink |Comments (0) Edit Massive indirect bids at this week’s Treasury auction suggest that the Treasury buying panic is continuing at the short end. It also suggests that foreign central banks continue to be heavy buyers this week, as they have been throughout recent months when the worry has been that they would withdraw from the market. While their buying has not been sufficient to support the long end of the Treasury market, it has freed up cash from those who have been sellers, and that cash has continued to flow toward and through the stock market, boosting stock prices. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
Jetlag Posted June 2, 2009 Report Share Posted June 2, 2009 Anyone has the tally on bicycle sales? http://www.marketwatch.com/story/toyota-us...-sales-fall-407 http://www.marketwatch.com/story/gm-may-us...e-sales-drop-29 Link to comment Share on other sites More sharing options...
Jetlag Posted June 2, 2009 Report Share Posted June 2, 2009 Subsidies, subsidies, subsidies "China aims to save 75 terawatt hours of power per year, the equivalent of 75 million metric tons of carbon dioxide, by promoting energy-efficient air-conditioners and other home appliances. The government plans to raise the market shares of such appliances to over 30 percent by 2012 by subsidizing sales, the National Development and Reform Commission said." http://www.reuters.com/article/GCA-GreenBu...E55113Z20090602 Link to comment Share on other sites More sharing options...
psyche doctor Posted June 2, 2009 Report Share Posted June 2, 2009 Link to comment Share on other sites More sharing options...
psyche doctor Posted June 2, 2009 Report Share Posted June 2, 2009 Link to comment Share on other sites More sharing options...
mdporter Posted June 3, 2009 Report Share Posted June 3, 2009 State budgets look bad now, but they're set to get worse. As lawmakers fight over patching current budgets, larger problems loom in the next few years. The bulk of funds from the federal government's stimulus package will be allocated by 2011, but tax collections aren't likely to be enough to take their place -- even if the economy is recovering. The drop in tax revenue is set to be deeper and last longer as collections have become more sensitive to business cycles in recent years. At the same time, states face growing health-care costs and the need to replenish pension programs funded by decimated investments. And some of the stimulus funds expand programs that will require state money to sustain them after the federal largesse runs out. "There are so many issues that go way beyond the current downturn," said Scott Pattison, executive director of the National Association of State Budget Officers. "This is an awful time for states fiscally, but they're even more worried about 2011, 2012, 2013, 2014." troubles are just beginning Link to comment Share on other sites More sharing options...
mdporter Posted June 3, 2009 Report Share Posted June 3, 2009 SACRAMENTO, Calif. - Gov. Arnold Schwarzenegger told a joint session of the Legislature on Tuesday that California's budget crisis will require a transformation in state government. The state faces a $24.3 billion deficit and a looming cash crisis that jeopardizes its ability to pay its day-to-day bills. The governor said government must become more efficient and learn to provide services for less. "Our wallet is empty. Our bank is closed. Our credit is dried up," he said in the rare midyear appearance, which lasted less than 15 minutes. It's over for California State revenues down 27% compared to last year, returning them to 2003 levels. As we revert to 1995 levels, what will happen to the state? It's just over here. The downward spiral will establish a new "normal". Link to comment Share on other sites More sharing options...
mdporter Posted June 3, 2009 Report Share Posted June 3, 2009 Here's a local example of why California is so screwed: Many San Jose City Council members Tuesday bristled at taking a pay cut despite a staggering $78 million operating deficit but said they need another week before they can decide whether they can live on less than their yearly $90,000 salaries and $7,200 car allowances. The council voted 9-0, with Vice Mayor Judy Chirco and Councilwoman Madison Nguyen absent, to postpone for a week voting on whether to maintain their existing pay, as a citizens commission recommended, or to cut their salaries 3.75 percent and their monthly car allowance from $600 to $350 a month. Both Councilmen Pete Constant and Sam Liccardo urged the pay cut in a joint proposal two weeks ago, noting it would match the salary reduction the city manager, clerk, attorney and auditor already volunteered as a goodwill gesture to city workers who are being asked to forgo raises to avoid the need for layoffs and service cuts. Can't make any cuts, they are too painful. For their pay they can buy their own cars. $600 a month for a car is enough to lease a luxury car. Link to comment Share on other sites More sharing options...
BusKow Posted June 3, 2009 Report Share Posted June 3, 2009 3 years of yields...Jun/Jul been topping times lately... Link to comment Share on other sites More sharing options...
DrStool Posted June 3, 2009 Report Share Posted June 3, 2009 Too Soon to Short - Professional Edition by Lee Adler, Tuesday, June 2, 2009, in Professional Edition, Today's Markets | Permalink |Comments (0) Edit Little changed in the technical picture on Tuesday. Most indicators remained in bullish patterns with the notable exception of some 6 month cycle indicators. However, the price projection for that cycle continued to rise. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Link to comment Share on other sites More sharing options...
capitall Posted June 3, 2009 Report Share Posted June 3, 2009 Anyone has the tally on bicycle sales? http://www.marketwatch.com/story/toyota-us...-sales-fall-407 http://www.marketwatch.com/story/gm-may-us...e-sales-drop-29 Look at AZO. Hasn't pulled back much, still pretty high. People are keeping their old car until it literally stops moving and they can't fix it. They're buying auto parts to extend the life of the old car, since they're not buying another one. And new buyers buy a used car too. Priorities for most folks dictate that food, keeping the electricity on in one's apartment etc. will be attended to first. Then one decides if one has the bucks left over to afford a new car. Answer is usually No. The reasons go on and on. Unemployed people don't buy new cars either-- including the unemployed people who are not counted by the government's official unemployment stats. Extremely underemployed people neither, with their low wages and/or very part-time work or "consulting." And a funny thing happened to those high-flyin' RE agents who used to be able to afford a new car every year to impress all the droves of prospective home buyers they were chauffering around. Link to comment Share on other sites More sharing options...
AgentSmith Posted June 3, 2009 Report Share Posted June 3, 2009 hello .. hello ... h e l l o . . . echo echo echo...is anyone there there there ...? Obama calls the bottom 123» 7 M2M 3/03/2009 128 PrtzlLogic 4760 4th March 2009 - 02:20 AM Last post by: red card Did 148 users signal a bottom? 123» 8 M2M 3/2/09 147 DrStool 6010 3rd March 2009 - 01:08 AM Last post by: drwells Putting on my crash helmet .. "the" turn nears.. Loaded up on FAZ, FAZ calls ($VIX loooow, cheap cheap time, i.e. FAZ OCT $3), DIA puts, SRS and other leveraged ETFs. Buy yourself some time, don't get overstretched, & relax. Bully running on fumes. Link to comment Share on other sites More sharing options...
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