Posted on 03/06/2013 2:05:00 AM PST by dennisw
Trying to focus on the markets for today and each day and the economic news
A number of people have talked about such a thread. Lets see how it goes. This is where you can impart some investment wisdom to your fellow freepers. You can vent about the big one that got away. You can chime in how Obama is out to wreck American capitalism.
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite precious metals blogs and sites
Apmex.com is a solid place with good reputation to buy precious metals Kitco is a good site for charts and other precious metals information
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
how about that juiced up stockmarket!!! setting new records...happy days are here again courtesy of Helicopter Ben
how about that juiced up stockmarket!!! setting new records...happy days are here again courtesy of Helicopter Ben
FWIW, I’m taking a haircut in some equity positions, and raising some cash. There will be another time to buy when things are cheaper.
Sell high, buy low.
Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed’s Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
Translation: Those who are still working and producing, are working harder and producing more efficiently, in order to pay for those who aren’t working and producing. Meanwhile, the Fed is continuing its counterfeiting operation unabated.
Commodity prices have been pressed pretty good so the FEd can let the market run a bit longer. At some point they have to encourage a rotation into bonds to offload some of their holdings. They are letting this run longer than I thought they would.
They will let it run for the remainder of this administration, consequences be damned.
Yeah, and some of those bonds will be more toxic than Superfund sewer water.
Into bonds? UST’s are near record low yields and the corpoarte bond market is white hot right now. That ride can’t last forever. The “great rotation” is OUT of bonds...
I’ve made two roundtrips on SLW the last three days. And made money on my FCX trade as well. There’s money to be made here and now if you pick your way through the bonepile.
Sell high, buy low. The market is “high” now.
"The market is “high” now."
Then don't buy the market, buy individual stocks that are inclined to go higher.
“Don’t gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don’t go up, don’t buy it.”
Will Rogers - US humorist & showman (1879 - 1935)
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