Professor Elam
Accounting & Investing Info for San Antonio A & M
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Category: Markets
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Is there a universal magic bullet for stock market timing? The use of a 13 and 34 week exponential moving average may be as close as it gets. The 13 week crossed the 34 week in late 207. Note that it never crossed the 34 week again until after the crash low! Clearly the…
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Societe General has issued a two year forecast calling for a severe bear market. Actually this will be a continuation of the one that began in 2007.
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PIMCO runs the world's largest bond funds. They are looking for a stock market pullback and a move to increased safety. I can believe that for the next few months, question is, when does the world demand a higher interest rate form the US to swallow all this new debt? At that point bond prices…
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US firms have had the largest dividend cuts since the 1930s. NOw think what this means for stock prices. Yields therefore, dividend divided by stock prices have dropped. For yields to return to 'normal' levels, either dividends will have to be restored or prices will have to drop. As stock prices have risen, price earnings…
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USA today compiled its list of Best Business Books for 2009.
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The yield curve shows the difference in short and long term rates on one graph. The steeper the curve the greater the difference in short and long rates. Right now, long rates seem to be anticipating higher interest rates. Reports are that the difference in short and long rates has not been higher than it…
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This is a ratio chart of Central Fund versus the US Dollar. CEF has outperformed the dollar, until Dec 1. Note the ratio went below the 200 bar moving average to really kick this off in April. The message is that we expect the 200 bar MA to be tested and overthrown again. Well tell…
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The red and black bars are the new junior miners etf. The Solid Black line is UUP a dollar index ETF. This is shown on an hourly basis to emphasize how dramatic the shift really was. The dollar bottomed in this measure at Dec 1 just as GDXJ and every other gold share topped. I…
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Monday Dec 14 2009 A WSJ article this weekend reveals the extent of Goldman's causing AIG to assume more and more risk in insuring default swaps. This adds to the evidence that Goldman will be blamed when the next meltdown in markets occurs.
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THE TREASURY COULD NET $1 billion to $1.2 billion from the sale today of warrants on shares of JPMorgan Chase (ticker: JPM) that it received as part of the government's TARP investment in the New York bank, derivative traders tell Barron's. The 88.4 million warrants, which carry a strike price of $42.42 and a maturity date in nine years…