Monthly Archives: August 2011

Intermediate Term Economic and Market Outlook

Doug Kass who is a popular market commentator has an article on his 12 month outlook on the economy and the market. He does a good job laying out the different possible scenarios. Doug Kass market scenarios I agree with … Continue reading

Posted in Uncategorized | Leave a comment

Heavy News Day

Today we have very heavy news flow. The market was up strongly in the morning because of the Warren Buffet’s investment in Bank of America, but that Euphoria quickly died down after the German market had a large drop mainly … Continue reading

Posted in Uncategorized | Leave a comment

Very Negative Philly Fed Index and European Banking Stress

The regional manufacturing survey by the Philadelphia Federal Reserve for August showed a very sharp decrease. The index came in at -30.7 vs expectations of +4. This is a very sharp fall and even though it is just a regional … Continue reading

Posted in Uncategorized | 2 Comments

Some positives

Weekly Unemployment claims came in better than expected at 395K. This is a an encouraging trend. This is actually the best reading since April. It is a good indication that the US economy is not deteriorating. If  the credit crisis … Continue reading

Posted in Uncategorized | Leave a comment

Reasons for the fall

One of the things shaking today’s market is again problems in Europe. There were some reports that Societe Generale, the second largest bank in France, was in trouble. Later some of these reports were retracted. Over the last couple of … Continue reading

Posted in Uncategorized | Leave a comment

All out panic

We are in an all out panic mode. Investors are gripped with fear and they want out at any price or some of them are being forced out due to margin calls. It is really hard to rationalize this kind … Continue reading

Posted in Uncategorized | Leave a comment

The real issue is the economy

Although the media is talking about the S&P downgrade, the real issue is the weakness in the economy. Pre-open the S&P futures are down but so are interest rates and the dollar is stronger relative to the Euro, Oil is … Continue reading

Posted in Uncategorized | Leave a comment