Tuesday Post Market Close Sept 13, 2011
Sorry I have been away on other projects, like day job, but if you have been reading TMP nothing that is happening now should be of any surprise. We have prepared you for this.
The US Dollar is beginning to advance.
That is showing in weakening gold and silver.
The Aussie and the Loonie are weaker
Recall two weekends ago our title was, it looks a lot like 2008, well the European bank stocks are truly in a 2008 free fall.
Commodity economies are in trouble, note the front page article in the WSJ today that prices on just about everything in Brazil are higher than in NYC. Given the much lower purchasing power of Brazil, this cannot last long.
Oil prices continue weak, OPEC dreamily suggests a cutback that is hardly likely as mobs riot in the streets of Arabian countries demanding reforms. Who wants to be the next Mubarak?
Semiconductor stocks are also weak.
The latest numbers for the US are more on welfare, poverty rolls, than ever. And the latest job idea is, another tax increase so nothing new there.
We remain focused on lower stock prices into seasonally low October.
More tomorrow!!
Dollar advance - I would look at MCD with a nice dividend 2.83%
If the dollar drops then Gold(GLD)and Silver(SLV) should go back up...Brazil pick it up slowly because when the Olympics come, that should boost the economy...use ETF's in either infrastructure (BRXX) or (EWZ)...down stock prices for the rest of the years! you are correct but there is plenty of room for opportunity to have a up year in a down market.
Be fearful when others are greedy and greedy when others are fearful...
Frank Elizondo
Posted by: Frank Elizondo (T - Th 7 o'clock class) | September 13, 2011 at 09:08 PM
Frank
I think we are still in the early phase of fearful!
thanks for posting
don't be a stranger
Dennis Elam
Posted by: Dennis Elam | September 13, 2011 at 10:35 PM