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May 3, 2008

Bill Cara's Community Chat, Sat., May 3, 2008, 5:22am ET

Since this is a travel weekend, I plan to write the WIR today and have it published early Sunday before returning to The Bahamas. Earlier this morning I added the following text to yesterday’s Community Chat:

Shortly after I wrote this piece, I learned that the Fed had intervened in a major way, again:
(New York: AP: ...The Fed said Friday it would boost the amount of emergency reserves it supplies to U.S. banks to $150 billion in May, from the $100 billion it supplied in April. The Fed took this action and several other moves to boost credit in coordination with the European Central Bank and the Swiss National Bank....The Fed has committed about $600 billion in loans to banks, an amount that represents perhaps half of all the distressed debt in the market, said Lehman Brothers credit strategist Amitabh Arora. This helps moderate the risk that a struggling bank might have to auction off its investments to avoid bankruptcy, he said.

Two-thirds of the Fed's balance sheet is now in worthless paper. Should the price of homes continue to fall and the foreclosure rate rise, it will not be long before the Fed's balance sheet is, for all practical purposes in terms of its use for monetary policy, worthless. In fact, after dropping the key lending rate among banks seven times in seven months from 5.25% to 2.0%, the Fed will soon have to admit that money is free -- coming on trees planted by American children who are not even born yet.

This travesty -- the continued intervention by the Fed to come to the rescue of the commercial and now investment banks -- is behind my observation in the capital market at times like this morning that prices have gone crazy. Without even knowing when or how, I see it in the current prices. Regretably, it is the bankers -- the biggest ones -- who know the when and the how, and they take advantage of it. Inside knowledge is power. The public should be saying that insider trading actions are illegal; what's good for the sheep ought to be good for the shepherd.

The capital market is no longer a free capital market where independent traders set prices in search of value. Prices today are manufactured by bankers in order to protect their interests. As the bankers' banker, the Fed, is itself almost bankrupt, the market prices we see today will continue only as long as the American people are kept dummied down to idiot level or until they wise up and collectively scream "no mas, no mas!"

I think it’s time that all of America, and owners of capital all over the world, wake up and smell kaimu’s wonderful orchids. His is a clarion call for independence. The People have been marched into slavery by bankers, and the irony is not lost on me that they seem to be turning to Barack Obama to lead them in changing the system… back to the intentions of those who penned the Constitution of the United States.

"We shall all be free. We shall all be free. We shall all be free some day."
--Martin Luther King

Have a great day. Onwards and upwards.



All Tables


Table 1: Cara ETF List

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
IYZ 26.08 -0.17 -0.65% 4.78% 8.76% 8.08% -10.59% -1.81% -17.47% -18.96%
XLK 24.79 -0.03 -0.12% 3.29% 4.07% 6.67% -5.09% 5.49% -12.03% 0.49%
SMH 31.79 0.16 0.51% 2.68% 4.57% 4.43% 1.37% 5.13% -7.18% -14.34%
XLF 27.67 0.11 0.40% 2.60% 4.61% 4.97% -2.43% -6.39% -13.15% -25.70%
XLY 33.19 -0.07 -0.21% 2.56% 3.49% 3.56% 3.07% 1.19% -7.00% -15.95%
XLU 41.02 0.53 1.31% 1.69% 1.26% 4.72% -2.54% 1.94% -2.15% -2.84%
XLI 38.90 0.15 0.39% 1.38% 1.51% 1.30% 1.01% 2.77% -3.16% 3.27%
SPY 141.51 0.40 0.28% 1.37% 2.19% 3.37% -2.36% 1.38% -6.44% -5.39%
IYH 64.51 0.07 0.11% 0.73% 1.29% 0.50% -7.97% -4.96% -8.76% -10.18%
XLP 28.11 -0.04 -0.13% 0.65% 0.54% -0.91% -0.98% 2.34% 0.36% 2.97%
XLE 81.47 1.51 1.89% -1.70% -2.69% 5.38% 2.48% 14.18% 7.74% 26.94%
XLB 42.57 0.56 1.33% -3.14% -4.04% -0.79% 3.08% 4.03% -0.14% 9.38%

Table 2: Senior oil & gas equities

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
STO 37.07 1.46 4.10% 6.83% 9.67% 19.23% 18.66% 36.94% 10.89% 28.23%
PTR 156.97 4.12 2.70% 5.00% 24.43% 15.78% -9.61% 4.82% -38.46% 36.77%
CVX 95.32 0.38 0.40% 2.84% 2.30% 8.26% 1.99% 15.55% 7.73% 21.21%
TOT 84.05 0.92 1.11% 2.25% 3.56% 10.22% 0.92% 13.55% 6.10% 11.90%
CEO 176.00 -3.94 -2.19% 1.60% -1.30% 10.81% 5.12% 14.87% -14.98% 100.46%
PBR 124.42 2.47 2.03% 0.88% -0.85% 12.29% 4.72% 10.05% 33.35% 143.82%
RIG 151.92 6.16 4.23% -1.82% -4.27% 5.84% 4.09% 21.11% 22.09% 70.29%
SLB 99.63 1.28 1.30% -3.03% -2.18% 9.04% -0.94% 27.27% 0.82% 34.71%
XOM 89.61 -0.09 -0.10% -3.08% -4.67% 0.98% -4.17% 4.26% 1.91% 12.27%
SU 111.54 2.82 2.59% -3.12% -4.02% 9.30% 1.15% 17.56% 2.76% 36.14%
IMO 55.40 -1.76 -3.08% -3.20% -6.02% 4.55% 0.87% 10.20% 0.69% 44.99%
ECA 78.86 1.12 1.44% -3.74% -8.55% 2.83% 13.29% 16.35% 8.80% 46.44%


Table 3: Senior metals and steel equities

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
GGB 41.79 2.11 5.32% 12.55% 12.16% 15.60% 45.61% 56.40% 38.75% 105.86%
RIO 39.91 1.64 4.29% 5.25% 5.22% 8.84% 22.01% 26.18% 9.70% -4.20%
TS 53.91 0.21 0.39% 3.51% -0.72% 5.71% 21.45% 31.68% 4.66% 16.69%
VCP 31.49 -0.55 -1.72% 1.65% 0.25% 1.16% 6.03% 4.10% 0.03% 55.51%
AA 36.11 1.39 4.00% 1.09% -0.41% -7.41% -0.06% 5.34% -6.35% 3.53%
PKX 124.64 1.09 0.88% 0.63% 7.02% -7.03% -14.90% -9.03% -25.10% 16.50%
MT 89.15 1.55 1.77% 0.21% 0.39% 4.67% 16.69% 24.77% 17.74% 64.12%
DOW 40.79 0.39 0.97% -0.17% 2.03% 4.99% 5.26% 2.26% -7.23% -7.88%
BHP 84.00 4.00 5.00% -0.59% 3.75% 14.72% 19.30% 13.94% 0.32% 69.22%
NUE 74.30 0.48 0.65% -1.89% 0.51% 5.33% 28.17% 24.71% 28.30% 14.89%
RTP 484.37 20.37 4.39% -3.28% -1.21% 6.57% 15.41% 9.83% 30.65% 95.32%
TCK 43.63 0.98 2.30% -4.05% -8.40% -2.76% 20.39% 24.02% -10.12% -44.43%

Table 4: Senior capital goods makers and transportation

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
UTX 75.10 0.60 0.81% 3.33% 3.57% 4.70% -0.15% 1.32% -0.73% 9.80%
ABB 30.88 -0.16 -0.52% 2.69% 10.40% 12.74% 7.82% 18.77% 0.36% 51.89%
FDX 96.86 -1.79 -1.81% 2.54% 0.16% -0.01% 12.42% 3.68% -5.44% -10.07%
BA 85.69 0.28 0.33% 1.00% 8.94% 13.27% -1.07% 3.54% -12.35% -8.68%
TXT 62.00 0.27 0.44% 0.99% 1.69% 6.84% -7.20% 8.28% -10.78% 21.00%
MMM 78.55 0.71 0.91% 0.94% -5.25% -2.45% -5.03% -3.28% -7.47% -6.95%
UPS 73.28 -0.30 -0.41% 0.77% 0.12% -1.52% 5.96% -0.68% -1.01% 3.59%
ERJ 42.08 -1.08 -2.50% 0.77% -0.33% 1.50% -6.76% -5.65% -12.11% -13.22%
CAT 82.80 0.45 0.55% 0.67% -2.91% 6.39% 17.23% 15.38% 10.75% 12.81%
HON 60.63 -0.04 -0.07% 0.23% -0.59% 4.05% 1.22% 0.70% 2.16% 9.24%
GE 33.34 0.22 0.66% 0.03% 1.99% -11.24% -9.30% -7.80% -17.33% -10.64%
FLR 152.82 1.96 1.30% -5.36% -4.55% -0.05% 5.83% 21.12% 2.39% 57.37%

Table 5: Senior consumer discretionary equities

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
GOL 17.16 -0.67 -3.76% 14.40% 12.89% 8.68% -28.47% -13.81% -35.66% -40.64%
CCL 41.94 0.39 0.94% 6.31% -1.27% 0.67% -3.94% -6.34% -9.02% -14.23%
JCP 45.18 1.24 2.82% 4.58% 12.14% 12.44% 8.48% -6.85% -15.22% -43.31%
DIS 33.49 0.19 0.57% 3.49% 6.89% 7.20% 5.18% 9.23% -1.27% -6.19%
TM 104.94 1.87 1.81% 2.82% 3.34% 7.03% -1.43% -4.43% -7.13% -12.78%
BC 16.81 -0.14 -0.83% 2.81% 4.74% -3.45% -0.65% -12.81% -24.04% -49.06%
BDK 67.61 0.48 0.72% 0.04% -1.05% -4.36% -3.32% -7.50% -21.90% -26.27%
TGT 53.91 -0.33 -0.61% -0.13% -1.26% 2.35% 8.89% -5.50% -9.14% -8.55%
EBAY 31.11 -0.67 -2.11% -0.61% -1.89% -5.56% -4.25% 7.98% -11.17% -7.74%
BBBY 33.10 -0.57 -1.69% -0.99% 2.19% 4.75% 16.71% 2.22% 1.60% -19.66%
WHR 75.60 0.62 0.83% -1.05% -7.82% -17.11% -5.36% -11.81% -4.46% -33.18%
NKE 67.66 -0.15 -0.22% -1.57% -0.34% -1.24% 6.92% 8.24% 5.93% 26.51%

Table 6: Senior consumer staples equities

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
WFMI 34.98 0.20 0.58% 12.15% 6.16% 3.22% -12.02% -14.18% -28.48% -23.36%
PDA 58.80 3.00 5.38% 11.53% 16.04% 17.81% 22.17% 26.72% 10.36% 89.68%
ABV 78.91 1.86 2.41% 7.14% 2.76% -1.45% 8.87% 4.20% -4.33% 30.99%
BUD 50.28 0.59 1.19% 6.64% 4.86% 3.69% -2.61% 4.62% -0.75% 0.78%
SBUX 16.46 -0.19 -1.14% 3.78% -9.96% -11.03% -14.76% -14.36% -35.53% -47.33%
KR 27.37 -0.45 -1.62% 3.71% 9.48% 8.61% 6.62% 5.35% -3.39% -8.06%
PEP 69.10 0.60 0.88% 2.19% -2.12% -3.40% -8.22% 0.39% -5.32% 3.10%
DEO 82.37 -0.43 -0.52% 0.54% -0.89% -4.21% -3.16% 0.44% -10.22% -3.34%
PG 66.80 -0.23 -0.34% 0.38% -0.55% -5.38% -7.62% 1.14% -3.95% 7.10%
WMT 57.50 -0.57 -0.98% -0.26% 2.11% 5.70% 22.60% 12.35% 30.12% 19.10%
WAG 35.28 -0.41 -1.15% -0.59% -1.89% -6.91% -5.52% -2.86% -9.79% -20.86%
KO 58.77 -0.32 -0.54% -0.94% -2.23% -2.46% -3.80% -0.83% -2.88% 11.50%

Table 7: Senior healthcare equities

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
BMY 23.35 0.41 1.79% 5.42% 5.66% 5.23% -10.64% -2.55% -19.15% -18.64%
AMGN 42.93 -0.30 -0.69% 1.61% -0.33% 3.37% -7.88% -9.35% -24.18% -34.02%
JNJ 68.26 0.45 0.66% 1.41% 2.63% 3.85% 3.57% 7.73% 5.37% 5.86%
NVS 51.19 0.77 1.53% 1.17% 7.11% -1.78% -6.19% 1.51% -2.70% -12.53%
PFE 20.61 0.17 0.83% 0.88% 0.68% -3.47% -10.04% -12.63% -12.93% -22.52%
GSK 45.36 0.44 0.98% 0.53% 4.71% 0.07% -9.59% -3.51% -10.74% -21.36%
WLP 51.33 0.39 0.77% 0.51% 5.97% 11.10% -41.00% -34.96% -34.45% -36.70%
NVO 67.07 -1.64 -2.39% 0.03% -5.80% -4.34% 5.13% 7.54% -45.27% -36.23%
MDT 49.25 -0.61 -1.22% -0.34% -1.48% -0.81% -0.51% 2.93% 5.06% -8.88%
UNH 33.47 0.57 1.73% -1.53% -10.15% -8.30% -40.94% -33.19% -31.61% -37.78%
AET 42.99 -0.17 -0.39% -2.10% 2.87% 2.19% -24.10% -19.22% -20.95% -10.94%
DNA 67.24 -1.11 -1.62% -6.57% -7.54% -15.67% -0.24% -5.04% -10.14% -18.13%

Table 8: Senior financial company equities

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change
YTD
%Change
3M
%Change
6M
%Change
12M
%Change
BBD 24.60 0.19 0.78% 11.11% 13.47% -17.75% -19.16% -7.66% -24.98% 12.53%
MER 52.71 0.32 0.61% 6.18% 11.32% 13.97% -0.09% -9.74% -7.98% -42.20%
GS 200.27 1.22 0.61% 4.31% 11.30% 14.18% -3.53% -3.61% -12.77% -8.76%
HBC 87.67 0.12 0.14% 2.20% 3.32% 3.45% 6.34% 13.61% -7.45% -6.39%
JPM 48.66 -0.59 -1.20% 1.82% 6.34% 6.78% 15.39% 0.85% 12.77% -7.40%
CS 55.49 0.38 0.69% 1.06% 3.82% -0.96% -7.02% -4.87% -11.93% -29.57%
DB 120.98 -1.17 -0.96% 0.52% -0.49% 2.75% -6.26% 4.43% -4.40% -21.53%
LEH 47.02 0.09 0.19% 0.32% 3.34% 6.74% -24.39% -28.76% -21.79% -37.71%
IBN 46.90 1.15 2.51% -0.64% 11.19% 20.47% -24.54% -24.67% -31.98% 13.86%
MS 50.31 -0.02 -0.04% -0.67% 5.32% 5.69% -1.26% 4.27% -14.58% -40.36%
C 26.39 0.40 1.54% -0.79% 5.10% 9.59% -8.75% -11.11% -30.06% -51.40%
UBS 34.80 0.11 0.32% -3.33% -1.47% 3.42% -24.00% -17.22% -29.37% -46.83%

Table 9: Senior technology equities

Sorted by 1-Week Price Performance
Symbol Close 1Day
Change
1Day
%Change
1W
%Change
2W
%Change
4W
%Change