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October 11, 2008
Daily Report for Sat, Oct 11, 2008
Outright seize-up of the banking credit system; absolute turmoil in currency and commodity markets; the collapse of capital markets; and a global economy that teeters on the brink of a depression! We are living history.
Just how bad are things? Bloomberg summed it up this way: “U.S. stocks fell for an eighth straight day, yesterday, with the Dow Jones Industrial Average capping its worst week since 1914. The MSCI World Index of equities in 23 developed countries slid 20 percent this week, the most since records began in 1970.”
Leaders of the world will now attempt to rewrite the rules of international finance, and may have to shut the capital markets for a time to accomplish this, says a G-7 leader. Finally; a responsible politician has admitted the system is broke and must be replaced.
Where else have you been reading that a General Agreement on Currencies would be needed before global leaders could go on about their business of building a new financial system? Yes, if you search this site in the window on the sidebar, you will find at least 180 citations for General Agreement on Currencies. You will not find that anywhere else you look, at least not until today.
Moreover, who else in the Wall Street Journal, as early as June 2006, was warning of this disaster, while others demanded that markets run free? My arguments were laughed at. But; who among these skeptics is laughing now?
Some Observers Warn of Disaster, Others Say Funds Need to Run Free
Who else has been opining that since he was hired by the White House every move by the Treasury Secretary Henry Paulson has been an unmitigated disaster for the people, calling it, from the beginning, ‘Paulson’s Folly’?
The world has arrived at precisely the point that I strongly argued over the past three years would be the result of a bankers’ self-regulatory system run amok. The world must put an end to financial self-regulation and conflict of interest dealings by bankers. Now!
I will not write the usual Saturday Report today because the financial system is finished, at least temporarily suspended. What happened yesterday illustrates that markets no longer work as value discovery mechanisms. But, yes, I will cover Friday’s destruction in Sunday’s Week In Review, and I will also attempt to answer your fears and concerns.
Moreover, I will restate why the system is broke, what surely needs to be done to replace it, and why many of the key people in charge today – the central bankers and the Wall St bankers who have been recruited into the Office of the Treasury Department -- must not be allowed to make the most important decision in the history of the world.
For now I will just publish the automated portion of my Report. Since it is the people’s capital – your portfolios, your Funds, your pensions -- that has been destroyed over the past one, two, four, and 52-weeks, it is important that you face up to your naïveté and/or your denial. Trust me; your banker is never going to make that statement.
In fact there is, in Canada, the ludicrous, ubiquitous, TV commercials of ScotiaBank (“You’re richer than you think you are!”) that tell you all you need to know how morally corrupt many bankers have become and why those at the source of the global financial crisis cannot be part of the decision-making group that develops a solution that meets the needs of the people.
Let’s get the foxes out of the henhouse, now! Get yourself in the proper frame of mind to do so by scanning the 15 tables at the bottom of this report. It ought to be enough to make you sick.
International Economics Review
Knobias Cara100 Tables
Cara 100 Daily RSI-7 Charts
At least one RSI value >70:
At least one RSI value <30:
International Equity Markets Review
Europe
Here is the latest session data for the bourses of Europe.
Here is the latest session data for the London stock exchange FTSE.
Here is the latest session data for the German DAX.
Here is the latest session data for the French CAC 40.
Here is the latest session data for the Milan Italy stock exchange MIBTEL.
Here is the latest session data for the Swiss market index.
Asia-Pacific
Here is the latest session data for the Asia-Pacific stock exchanges.
Here is the latest chart for the Japanese Nikkei 225 index.
Here is the latest chart for the Singapore index .
Here is the latest chart for the Shanghai Composite index .
Here is the latest chart for the Hong Kong Hang Seng index .
Here is the latest chart for the India BSE 30 index .
Here is the latest chart for the Australian All Ordinaries index .
US Equity Markets Review
NASDAQ Composite (interactive) chart
Table 14: Dow 30 List
You can do this table yourself by entering the following string into the Summaries window at www.billcara2.com and then clicking on the link for Performance.
AA AIG AXP BA C CAT DD DIS GE GM HD HON HPQ IBM INTC JNJ JPM KO MCD MMM MO MRK MSFT PFE PG T UTX VZ WMT XOM
Here are the links to interactive Dow charts from Billcara2.com that I broke into groups of ten, which you can add technical indicators for as well. (list one) (list two) (list three)
The Americas
Here is the latest session data for the exchanges of the Americas.
Here is the latest chart for the Brazilian Bovespa stock exchange in Sao Paulo.
Here is the latest session data for the Toronto Stock Exchange composite index.
Sector ETF Summary for the US equity market
The tables I show in this section are for ten (GICS) Sector Index Funds (ETF's) only, but they cover the full spectrum of the US equity market.
Table 1: Cara ETF List
You can do this table yourself by entering the following string into the Summary window at Billcara2.com and then clicking on the link for Performance. XLE XLB XLI XLY XLP IYH XLF SMH IYZ XLU XLK SPY . You can also add more ETFâs â up to 30 in total.
For a list of components to any ETF, go to the AMEX.com web site, and click on ETF's.
10 (energy: XLE)

Table 2: Senior oil & gas equities
15 (basic materials: XLB)

Table 3: Senior metals and steel equities
Table 12: Senior gold equities
20 (industrial: XLI)

Table 4: Senior capital goods makers and transportation
25 (consumer discretionary: XLY)

Table 5: Senior consumer discretionary equities
30 (consumer staples: XLP)

Table 6: Senior consumer staples equities
35 (healthcare: IYH)

Table 7: Senior healthcare equities
40 (financial: XLF)

Table 8: Senior financial company equities
45 (technology, semiconductor: SMH)

Table 9: Senior technology equities
50 (telecom: IYZ)

55 (utilities: XLU)

Table 12: US Utilities
International Equity Market USD-denominated ETF Review
Table 13: International equities perspective
Japanese equity market ETF: EWJ
Here is the Japanese (EWJ) equity market ETF Daily data charts:


U.K. equity market ETF
Here is the United Kingdom (EWU) equity market ETF Daily data charts:
EWU Daily data:


Canada's equity market
Here is the Canadian (EWC) equity market ETF Daily data charts:


Bonds & Yields Review
Table 10: Yahoo Finance U.S. Treasury Debt, Municipal and Corporate Bond Yields
Here is the $USB 30-year Treasury Bond chart.

US Bond Funds -- Interactive Daily Data Charts
SHY Daily data series chart:
IEF Daily data series chart:
TLT Daily data series chart:
AGG Daily data series chart:
LQD Daily data series chart:
TIP Daily data series chart:
Table 11: Interest-sensitive securities
Consumer Finance -USA -- Interactive Daily Data Charts
Commodities Review
Interactive Chart of Daily CRB Commodities Index:

Interactive Chart of Weekly CRB Commodities Index:

Oil Review
Here is the e-miNY Mar-08 Crude Oil chart.
Interactive Chart of Daily Crude Oil:

Interactive Chart of Weekly Crude Oil:

Gold & Precious Metals Review
Interactive Chart of Daily Gold EOD Continuous Contract Index:

Interactive Chart of Weekly Gold EOD Continuous Contract Index:

Spot silver chart for the week
Interactive daily data
Interactive Chart of Daily Silver EOD Continuous Contract Index:

Interactive chart of the Silver Bullion index.
Interactive Chart of Weekly Silver EOD Continuous Contract Index:

Spot platinum chart for the past three days
Interactive Chart of Daily Platinum EOD Continuous Contract Index:

Interactive Chart of Weekly Platinum EOD Continuous Contract Index:

Interactive chart of the Platinum metal index.
Spot palladium chart for the week
Interactive Chart of Daily Palladium EOD Continuous Contract Index:

Interactive Chart of Weekly Palladium EOD Continuous Contract Index:

Interactive chart of the Palladium metal index.
Interactive Chart of Weekly Copper EOD Continuous Contract Index:


Interactive Chart of Daily Copper EOD Continuous Contract Index:
Interactive chart of the Copper metal index.
Table 12: Senior gold equities
To watch the moves in precious metal miners, you will have to monitor the individual stock charts, preferably in real-time, as follows:
NEM ABX AU GFI GG HMY AUY KGC BVN
Interactive Daily data
Interactive Weekly data
MDG LIHRY AEM BGO IAG EGO RGLD GOLD CDE GRS
Interactive Daily data
Interactive Weekly data
CBJ SSRI SIL NG KRY UXG GRZ TSE_HRG TSE_GUY TSE_AGI
Interactive Daily data
Interactive Weekly data
NXG GSS MNG DROOY MFN RNO RANGY MRB CLG
Interactive Daily data
Interactive Weekly data
Here are the key Silver miners and the SLV ETF:
SLV SIL CDE HL PAAS SSRI SLW MGN
Interactive Daily data
Interactive Weekly data
Here are the Weekly and Daily Data charts of the indexes:
Interactive Chart of Daily U.S. Goldminers Index:

Interactive Chart of Weekly U.S. Goldminers Index:

The U.S. goldminer share trust ETF trades under the ticker symbol GDX.
Here are the U.S. Goldminer ETF (GDX) index Weekly and Daily data charts:
GDX Daily data:

GDX Weekly data:

The Toronto Exchange-listed goldminer iUnits S&P/TSX Capped Gold Index ETF trades under the ticker symbol TSE:XGD. Yes, just like GDX on the AMEX, you can trade XGD on Toronto.
Here are the Weekly and Daily data charts for the TSX Goldshares (XGD) index:
Interactive Chart of XGD Daily data:

Interactive Chart of XGD Weekly data:

Forex Review
Here is the chart of the week's trading in the $USD.
Interactive Chart of Daily U.S. Dollar Index:

Interactive Chart of Daily Euro Dollar Index, priced in USD:

Daily British Pound Index:

Daily Japanese Yen Index:

Daily Canadian Dollar Index:

All Tables
Table 1: Cara ETF List
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 2: Senior oil & gas equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 3: Senior metals and steel equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 4: Senior capital goods makers and transportation
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 5: Senior consumer discretionary equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 6: Senior consumer staples equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 7: Senior healthcare equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 8: Senior financial company equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 9: Senior technology equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 10: Yahoo Finance U.S. Treasury Debt, Municipal and Corporate Bond Yields
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 3 Month | 0.11 | 0.39 | 0.30 | 1.58 |
| 6 Month | 0.72 | 0.94 | 0.95 | 1.80 |
| 2 Year | 1.59 | 1.53 | 1.57 | 2.18 |
| 3 Year | 1.40 | 1.37 | 1.45 | 2.03 |
| 5 Year | 2.75 | 2.69 | 2.63 | 2.89 |
| 10 Year | 3.84 | 3.78 | 3.61 | 3.63 |
| 30 Year | 4.12 | 4.10 | 4.09 | 4.22 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 2.85 | 2.84 | 2.75 | 2.20 |
| 2yr AAA | 2.65 | 2.52 | 2.59 | 2.13 |
| 2yr A | 3.18 | 3.09 | 2.95 | 2.40 |
| 5yr AAA | 3.26 | 3.25 | 3.18 | 2.68 |
| 5yr AA | 3.44 | 3.34 | 3.33 | 2.69 |
| 5yr A | 4.09 | 3.88 | 3.50 | 2.77 |
| 10yr AAA | 4.67 | 4.41 | 4.44 | 3.47 |
| 10yr AA | 4.47 | 4.21 | 4.23 | 3.45 |
| 10yr A | 4.18 | 4.18 | 3.96 | 3.48 |
| 20yr AAA | 5.32 | 5.36 | 5.76 | 4.50 |
| 20yr AA | 5.75 | 5.79 | 5.74 | 4.66 |
| 20yr A | 5.67 | 5.73 | 5.49 | 4.67 |
| Maturity | Yield | Yesterday | Last Week | Last Month |
|---|---|---|---|---|
| 2yr AA | 5.79 | 5.69 | 4.72 | 3.99 |
| 2yr A | 7.44 | 8.98 | 9.62 | 5.65 |
| 5yr AAA | 5.55 | 5.71 | 5.33 | 4.64 |
| 5yr AA | 7.43 | 7.60 | 7.12 | 5.56 |
| 5yr A | 6.96 | 7.21 | 7.70 | 5.58 |
| 10yr AAA | 5.53 | 5.47 | 5.03 | 4.70 |
| 10yr AA | 7.29 | 7.63 | 7.30 | 6.08 |
| 10yr A | 7.24 | 7.30 | 6.85 | 6.22 |
| 20yr AAA | 6.10 | 5.98 | 5.81 | 5.59 |
| 20yr AA | 6.18 | 6.16 | 5.92 | 5.71 |
| 20yr A | 6.79 | 6.72 | 6.43 | 6.07 |
Table 11: Interest-sensitive securities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 12: US Utilities
Table 13: Senior gold equities
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 14: International equities perspective
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Table 15: Dow 30 List
| Symbol | Close | 1Day Change |
1Day %Change |
1W %Change |
2W %Change |
4W %Change |
YTD %Change |
3M %Change |
6M %Change |
12M %Change |
Posted by Posted by Bill Cara on October 11, 2008 05:30:01 AM | Category: Daily Report








