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November 11, 2005

About tightening credit conditions, Fri., Nov. 11, 2005, 11:43 AM

Bank Credit Analyst (BCA) is one of the superb market research firms in the marketplace. I recommend it. Today they published the following info, which I recommend too.


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Posted by Posted by Bill Cara on November 11, 2005 11:45:36 AM | Category: Economics

Discourse

Interesting paper (Jan 2004) about effects of twin deficits on U.S. financial markets:

Sustained Budget Deficits:
Longer-Run U.S. Economic Performance
and the Risk of Financial and Fiscal Disarray
Robert E. Rubin, Peter R. Orszag, and Allen Sinai*

http://www.centristpolicynetwork.org/legislative_updates/files_2004/rubin2004_0105.pdf

Posted by: bdtobias [TypeKey Profile Page] at November 11, 2005 1:12 PM [link]

Things to consider:

NYA has rolled over relative to SPX. 20 dma clearly downsloping and ratio is below 20dma.

NYSE new highs yesterday? 131; New lows 131!

IIAA Bulls recorded Wednesday highest since 12/2004; the rally since will obviously drive it even higher.

Too many talking (hoping) for a year end rally to save their year.

Real estate folks defending their sector eerily similar to tech executives in 4Q 2000.

SPX:TLT price ratio extreme has usually been resolved by both reversing (over the past two years).

Cramer is still screaming 4 Quarter Cramer Tech rally!!!!!!!!!!!!!

Posted by: stockman [TypeKey Profile Page] at November 11, 2005 3:12 PM [link]

Bill-
I am a little leery of the move oil made here today on lower (comparative) volumes. But it was nice to come back from golfing (10+) and see that gold had rallied again. This looks like a strong up move building and I would have liked to have gotten a full position on.

Posted by: MarkM [TypeKey Profile Page] at November 11, 2005 4:01 PM [link]