DailyMarkets.com - Back From Financial Ground Zero Two Years Ago

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• Back From Financial Ground Zero Two Years Ago
• Stock Market Takes A Pause, But Upside Still The Bias
• A Gold Correction Is An Option
• Washington Orders Another Free Lunch
• US Dollar’s Rally Looks Tired

Back From Financial Ground Zero Two Years Ago Posted: 11 Dec 2010 06:28 AM PST Below are charts of four different measures of financial stress and volatility, displayed over the last five years.  Taken together as a group, these four charts show that the overall conditions in the U.S. financial markets were at the worst levels in the fall of 2008, and they have now returned to their pre-recession levels of late 2007.  From the “financial ground zero” two years ago, the U.S. financial markets have made remarkable progress.     Exhibit A.  The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Takes A Pause, But Upside Still The Bias Posted: 11 Dec 2010 06:20 AM PST The worries remain, but we have changed to sideways trading. Some say that Santa has already come and now we are just waiting for the new year. The challenge from my view is maintaining perspective relative to the markets overall. For this very reason we selected sector analysis more than 20 years ago. There is always something moving somewhere. This week showed that to be true as the financial stocks provided the offset for the downside in energy.  As we do each week we will … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Gold Correction Is An Option Posted: 11 Dec 2010 06:20 AM PST In the past few weeks I have made the case that gold might be nearing a correction. I understand that people get defensive regarding gold (no pun intended), but I do not think vulgarities should be expressed towards someone who is pointing out the overbought nature of the daily and weekly charts. It seems any time that I discuss a possible pullback in gold I place a giant target on my back for people to make nasty public comments or send me hateful emails which in some cases I find … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Washington Orders Another Free Lunch Posted: 11 Dec 2010 05:40 AM PST This week Washington displayed the kind of “bipartisanship” that will bankrupt our country and wreck our currency.  Coming at a time when both parties say they want to address our long-term fiscal imbalances, the compromise extension of the Bush era tax cuts should be a wake-up call to anyone who somehow expected the American leadership to ever have an “adult conversation” about the country’s long term economic health. The administration and Congress are prepared to take the bold … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Dollar’s Rally Looks Tired Posted: 11 Dec 2010 05:25 AM PST On November 10th, using data from the November 9th close, we mentioned concerns relative to short-term reversals in some currencies, precious metals, and the VIX. From their lows to their subsequent highs, we did end up seeing the following: The dollar gained 7.6% The VIX gained 33.7% From their highs to their lows: Gold fell 6.6% Silver fell 14.7% The euro dropped 9.2% Our concerns on November 10th included bullish divergences showing up on the charts of the U.S. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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