Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Markets
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It's a Little Too Late to do the Right Thing Now Song lyrics, Tanya Tucker And that describes the usual late to the party debt downgrade from the rating agencies. New York City was Baa the day it defaulted. It was clear that Dubai was in over its head as the e mails circulated showing…
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While the S and P and Dow Industrials have made new highs, breadth or the number of stocks participating has declined significantlly. This measure shows the number of stocks out of 500 in the S and P that are above their own 50 day Moving Average. That measure peaked back in September. It has not been…
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A junk bond has a rating below Baa, usually way below. The lure is the much higher yield compared to safer investments, the bet as Will Rogers said, is the return on your money versus the return of your money. Investors have poured money into such funds since the crash, has the coyote run off…
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This is interesting, CITI loaned Dubai $8 B last December 2008, after CITI received the TARP money. I guess things were not as difficult as we thought at the time. Dubai is that mid East city with the indoor ski slope, the Palm Island, and ahem, no oil. Can Mumbai and Shanghai be far behind?
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We have spotlighted the debt problem from California to Dubai, from the Cowboy Stadium to City Center in Las Vegas. We went micro and highlighted the Northeast ISD here in San Antonio, as well as a failed new museum. Here is a look at other debt bubbles. Note that the US is financiing more and…
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This is a ratio chart. It is a ratio of the Dow Industrial Average versus the price of gold. When the ratio direction is down, gold is net outperforming the Dow, which is the point of a ratio chart. It seems to me this displays a pretty clear elliott wave pattern. Wave two was sideways,…
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We are now in a corrective wave from the March lows. This is the bank or financial spdr, after trillions of dollars of help we might add. Most of the comments are in the chart but here goes At top RSI is still above 50% but for how long The $14 level appears to be…
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Dubai World said Uncle on Nov 25 asking for an extension on debt payments totaling some $80 B. Dubai does not have any oil in particular, the oil is in the neighboring countries. So who's in charge now. We have followed Dubai's failure to follow through on a similar project in Las Vegas, City Center.…
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For whatever reason, Bloomberg, the new owner of Business Week is apparently discontinuing Maria Bartiromo's inerviews each week. Oh well, who better to end with than one of my favorites, Jim Rogers. The author of Hot Commodities, Rogers is bullish on well you guessed it commodities. He likes palladium an silver in particular.
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I was going to start with Mark Pittman the financial journalist who called the sub prime mortgage crisis what it was, American Casino. Please read about Mark and then the next article caught me eye with this comment. This is still a derivatively challenged system, oversexed, overlevered, and unfortunately over here. If it turns out…
Professor Elam 