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Goldilocks Chainsaw Massacre- Professional Edition

March 7, 2010 By Lee Adler The market chainsawed through a cluster of resistance lines on Friday, but the really big one lies just overhead. All signs but one point to that one being chewed up as well. 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.

 

 

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Posted

All Ords Yahoo chart is still out of action so not much point in posting the 5-day. It was a reasonably strong day for the market with All Ords finishing +1%. Energy was on fire,+3.7% followed by Miners +2.3%, Materials +2.1% and Gold +1.2%. Consumer Staples was the only down sector, -0.2%.

 

Over in Asia, China +0.9%, Honkers +1.9%, India +0.9% and Nikkers +1.8%.

 

 

On to UK/Europe:

 

Footsie

 

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DAX

 

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CAC 40

 

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Posted

From Weakend MTM ...

 

 

How baby boomers lead bear market by the nose

 

As the baby boomers aged, and the long bull market made them more confident, so they “over-invested” in assets around the world. The process was already growing apparent when Alan Greenspan made his famous speech about the risks of “irrational exuberance” in late 1996, and become obvious with the Asia crisis of the following year, and then the great internet bubble that finally burst in 2000.

 

Looked at in the longer term, Barclays compared cyclical price/earnings ratios on stocks since 1950 with the ratio of 35-54 year-olds in the population. As the chart shows, the fit is excellent. Stock valuations became most extended just as the cohort of baby boomers were saving and producing most.

 

The implications for the future are discomfiting. The proportion of 35-54 year-olds in the population will keep declining for another decade, while the imminent growth in the retired population should be very sharp.

 

The demographic shift that drove an equity bull market for two decades can be expected to drive a bear market for another two decades.

 

The chart was only in the FT Print edition, not the online version. Overall a good read and something to keep in mind for the longer term outlook.

 

 

Reminds me of Hairy Dent ideas ...

Posted

Shorty's gonna love this. Now, not only are tax dollars going to be used to subsidize banks (slightly) to take a short sale, they are going to PAY THE SQUATTERS TO LEAVE.

 

To bring the various parties to the table -- the homeowner, the lender that services the loan, the investor that owns the loan -- the government intends to spread its cash around.

Under the new program, the servicing bank, as with all modifications, will get $1,000. Another $1,000 can go toward a second loan, if there is one. And for the first time the government would give money to the distressed homeowners themselves. They will get $1,500 in "relocation assistance

 

http://www.startribune.com/politics/national/86774752.html?page=2&c=y

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Precious Metals Update 3/8/10 – Professional Edition

March 8, 2010 By Lee Adler Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. 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.

 

3 month subscription to the Wall Street Examiner Professional Editon Precious Metals report, renews automatically unless canceled.

 

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