Emerging Markets Revisited
by Elliott Morss, Morss Global Finance
Introduction
It is well documented that picking individual stocks is a losing proposition.1
So I do not put much stock in investment recommendations, even my own.
As noted in an earlier piece, 670 of the largest financial houses manage
$32.2 trillion. Let's say that on average, they collect a 2% fee and
half of that goes into research = $322 billion of research trying to
find the undervalued investment. That is a lot of research money. They
use it to investigate all aspects every industry and to employ
computer-driven programs to buy or sell when prices get out of whack.
There is no way that any individual investors can compete with them. New
information? They will get it before me.
Markets Close Down On Moderate Volume
Closing Market Commentary For 09-20-2013
Weekend is upon us and time to reflect on
where we are and where we are going. Today's market fall erased 2/3rds
of Wednesday's gains and by my thinking, Wednesday was a knee-jerk
reaction that should have not happened and we are exactly where we
should be. However, my suspicion is that this decline will continue into
Monday's market and I'll play it safe and sit on my hands until Monday.
Markets closed down where the DOW took a
big hit -1.19% while the small caps did better at -0.40%. Are we pricing
in an October taper?
What We Read Today 20 September 2013
Econintersect: Click Read more >> below graphic to see today's list.
The top of today's reading list has
the Reserve Bank of India's surprise interest rate hike ........ and
the last two articles are acerbic criticisms of the Obama legacy and
the age of unprecedented inequality by Lynn Paramore.
Markets Continue To Display Weakness Before Weekend
Midday Market Commentary For 09-20-2013
The averages continued to melt down after
this mornings Fed meeting indicating that the taper could happen in
October. All of the major averages are in the red by noon with the small
caps just over the line remaining flat.
Volume has remained low to moderate as
many investors are pulling out ahead of the weekend. The averages have
declined less than 50% of Wednesday's big gain, so we are not in any
kind of correction just yet.
Phonebloks
A
phone only lasts a couple of years before it breaks or becomes
obsolete. Although it's often just one part which killed it we throw
everything away since it's almost impossible to repair or upgrade.
13 September 2013: ECRI's WLI Growth Again Improves Marginally
ECRI's
WLI Growth Index improved marginally, and remains positive. A positive
number predicts positive growth to come within the next six months. Both
ECRI's coincident and lagging indices were updated this week and
discussed below.
Averages Continue To Melt Down From Yesterday
Opening Market Commentary For 09-20-2013
The premarket was slightly elevated
making a lot of investors uneasy because of the closeness of the market
tops and indicators pointing towards tough sledding to move further
upward.
Markets opened up (+0.35%) and quickly
fell to where the averages were bouncing back and forth between red and
green on moderate volume, mostly red. By 10 the large caps were in
negative territory while the small caps remained flat, but in the green.
The DOW has been in the dumps from the get-go, but it difficult
determining where Mr. Market will take us today, but my bet is is seeing
more melting downward.
Fed's Balance Sheet 18 September 2013: Record Growth Making Up For Slow Previous 2 Weeks
Total Fed Balance Sheet
Fed's Balance Sheet is
$3,679 trillion (up from the last week's record $3.619 trillion). The
complete balance sheet data and graphical breakdown of the cumulative
and weekly changes follows the "read more".
Read more >>
Rail Week Ending 14 September 2013: Another Strong Week
Econintersect: Week 37 of 2013 ending 14 September shows same week total
rail traffic (from same week one year ago) improved according to data
released by the Association of American Railroads (AAR). Railcar count
is up, and intermodal count is up. Weekly overall data is up, and up
even more ignoring coal and grain.
A Word from This Newsletter's Sponsor
We Just Raised the Price Target for this Bakken Stock.
We are expecting a 153% gain for this small oil producer.
And massive new land purchase could send production higher.
Now we are upping the share target for this $8 gem to $26.
August 2013 Leading Economic Index Rises Sharply
Written by Steven Hansen
The Conference Board Leading Economic Index (LEI) for the U.S. improved
in August to 96.6 (2004 = 100). The index growth has accelerated the
last two months.
Read more >>
Broken Promises and Broken Systems
Why POTUS Allowed Bailouts Without Indictments
by Janet Tavakoli, Tavakoli Structured Finance
This commentary was originally published at The Financial Report by Janet Tavakoli, and is reprinted with permission from Tavakoli Structured Finance.
In November 2008, President Obama was elected, and he was sworn in January 2009. The country was promised change and reform.
Here's How BLS Data Proves QE Has Had Zero Effect As Jobs Growth Plods Along
by Lee Adler, Wall Street Examiner
Earlier we looked at non-farm payrolls, which come from
the BLS the Current Employment Statistics Survey or CES, a survey of
business establishments. The BLS also does a survey of households. The
household survey or CPS - Current Population Survey - sometimes tells a
different story from the establishment survey. It's also important in
that it breaks out full time employment from total employment so that we
can analyze that important metricseparately.
Read more >>
Chinese Become World's Biggest Tourism Spenders
by Felix Richter, Statista.com
According to the United Nations World
Tourism Organization, Chinese tourists have overtaken their German
counterparts to become the highest holiday spenders in the world. In
2011, the German tourists led the pack, splasing out $85.9 billion in
tourism expenditure.
Falling Into Intuitive Traps
Trading is Sometimes Not What You Think
Online Trading Academy Article of the Week
by Dr. Woody Johnson , Online Trading Academy
Trading can be counter-intuitive in a
number of ways. Let's examine an instance of this as we look over
Shirley's shoulder at her trade. The green candles were rising faster
than the space shuttle Endeavor toward her stop. Her eyes were like
saucers while she fought a compelling urge to move her stop-loss.
Investing.com Technical Analysis 19 September 2013
Investing.com Technical Analysis (as of Thu, 19 September 2013 05:00pm EDT)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and
currency
pairs, based on market activity at the close of the 19 September 2013
U.S. session. This information is a comprehensive summary derived from
simple and exponential moving averages along with key technical
indicators shown for specific time intervals.
JP Morgan: Chicken Feed
Econintersect:
The fine paid by JP Morgan Chase (NYSE:JPM) is nearly $1 billion
dollars for "failure to adequately supervise" the traders responsible
for their loss of $6.2 billion on derivative trades gone wrong in 2012.
The total fines levied come to $920 million and will be paid to U.S and
UK regulators and agencies.
Poverty Continues to Grow in 2012
from US Census 2012 American Community Survey
In 2000, about 33.3 million people or
12.2 percent of the U.S. population had income below their respective
poverty level. In 2012, the number of people in poverty increased to
48,760,123 people or 15.9 percent of the U.S. population from the 2011
level of 48,452,035.
Infographic of the Day: A Village in Orbit - Inside NASA's Space Colony Concepts
In the
1970s, with the Apollo moon landing program completed and the space
shuttle program under development, space planners realized that huge
space colonies were feasible. Reasons for building such habitats include
the following: to create new lands for population expansion, to ensure
the survival of humanity in case of global disaster and to create wealth
by exploiting space resources.
U.S. Newsroom Employment Down to 30-Year Low
by Felix Richter, Statista.com
As U.S. newspapers continue to struggle
with circulation declines and plummeting advertising sales, newspaper
publishers continue to cut jobs in newsrooms across the nation. In 2012
alone, 2,600 jobs fell victim to the ongoing crisis. Since 2000, the
number of full-time editorial jobs declined by 33 percent.
