http://www.chartoftheday.com/
As you can see, technical analysis is showing the resistance areas as well as support areas for the DOw JONES based on historic buying/selling patterns.
Dan Ross
Tuesday, March 18, 2008
Dow Jones Stock Trends....
Another Chart from the same great service. Free so subscribe today!
http://www.chartoftheday.com/
http://www.chartoftheday.com/
Gold Prices since 2001
This is a great, free website I subscribe to. I have subscribed going back all the way to 2001.
Gold Prices are typically a hedge against inflation and, with a growing world-wide economy the sheer demand for commodities has been growing substantially over the last 10 years, leading to higher commodity prices. Now, people want hard assets vs. currencies, stocks, etc.
http://www.chartoftheday.com/20080314.htm?T
Dan Ross
http://www.BetterBizBooks.com
Gold Prices are typically a hedge against inflation and, with a growing world-wide economy the sheer demand for commodities has been growing substantially over the last 10 years, leading to higher commodity prices. Now, people want hard assets vs. currencies, stocks, etc.
http://www.chartoftheday.com/20080314.htm?T
Dan Ross
http://www.BetterBizBooks.com
Monday, March 17, 2008
My reviews/Lists on Amazon.com
I had prioritized this back in 2001/2002 as a big goal for me and I did a great job of it, until moving back to Dallas and beginning work at Countrywide. From there I really dove into my work and worked some hours that most people would find ridiculous ( but it was a great growth opportunity/experience.)
Anyway, I thought I would provide a link. Some of the older reviews are better (especially as it pertains to books) and I hope to get many books reviewed during the rest of 2008.
Reviews
http://www.amazon.com/gp/cdp/member-reviews/A1A7VS5J7OR71D/ref=pd_ys_homenav_rev?ie=UTF8&sort%5Fby=MostRecentReview&pf_rd_p=258341001&pf_rd_s=right-1&pf_rd_t=1501&pf_rd_i=home&pf_rd_m=ATVPDKIKX0DER&pf_rd_r=0VKQ8152N4Z3WSFP1Q6W
Listmania
http://www.amazon.com/gp/richpub/listmania/delete/247PL9RY1LU1S/ref=cm_lm_fullview_delete?ie=UTF8&lm%5Fbb=
Dan
http://www.BetterBizBooks.com
Anyway, I thought I would provide a link. Some of the older reviews are better (especially as it pertains to books) and I hope to get many books reviewed during the rest of 2008.
Reviews
http://www.amazon.com/gp/cdp/member-reviews/A1A7VS5J7OR71D/ref=pd_ys_homenav_rev?ie=UTF8&sort%5Fby=MostRecentReview&pf_rd_p=258341001&pf_rd_s=right-1&pf_rd_t=1501&pf_rd_i=home&pf_rd_m=ATVPDKIKX0DER&pf_rd_r=0VKQ8152N4Z3WSFP1Q6W
Listmania
http://www.amazon.com/gp/richpub/listmania/delete/247PL9RY1LU1S/ref=cm_lm_fullview_delete?ie=UTF8&lm%5Fbb=
Dan
http://www.BetterBizBooks.com
Bear Stearns gone for $2 per share + backing of U.S. Gov't for Chase....
Wow....
Talk about unravelling quickly....World markets crash despite the Fed cutting an additional 25 bps.
Bear Stearns had more exposure than anyone else related to mortgage industry amongst investment banks according to industry insiders so now the leading MBS, investment bank has gone under, a major Private Equity company has been stung (Carlyle Group), there have been approximately $200 billion in write-downs & everyone is yanking credit left and right. \
This is a recipe for stagflation like no tomorrow.
For those that don't know what that is, stagflation "is a macroeconomics term used to describe a period of inflation combined with stagnation (that is, slow economic growth and rising unemployment, possibly including recession).[1] "
http://en.wikipedia.org/wiki/Stagflation
http://economics.about.com/od/useconomichistory/a/stagflation.htm
Dan Ross
BetterBizBooks.com
Talk about unravelling quickly....World markets crash despite the Fed cutting an additional 25 bps.
Bear Stearns had more exposure than anyone else related to mortgage industry amongst investment banks according to industry insiders so now the leading MBS, investment bank has gone under, a major Private Equity company has been stung (Carlyle Group), there have been approximately $200 billion in write-downs & everyone is yanking credit left and right. \
This is a recipe for stagflation like no tomorrow.
For those that don't know what that is, stagflation "is a macroeconomics term used to describe a period of inflation combined with stagnation (that is, slow economic growth and rising unemployment, possibly including recession).[1] "
http://en.wikipedia.org/wiki/Stagflation
http://economics.about.com/od/useconomichistory/a/stagflation.htm
Dan Ross
BetterBizBooks.com
Sunday, March 16, 2008
Bear Stearns / Carlyle Capital - Another View....
Copy/paste from Businessweek.com and bbc.co.uk. Great work and thought provoking. I was hoping not to bastardize it so I pasted a bit more than I would like....Great article I read on Friday
http://www.businessweek.com/bwdaily/dnflash/content/mar2008/db20080313_916714.htm?chan=top+news_top+news+index_businessweek+exclusives
How could the Fed unintentionally have contributed to Carlyle's unraveling? The theory is that the Fed's action made Carlyle Capital's assets more lucrative to the firm's large creditors. Therefore, those creditors had an incentive to let Carlyle Capital fail and seize its assets. Robert Peston, business editor of the BBC, advanced the idea Mar. 13 on his blog, and the notion was quickly picked up and circulated by other bloggers.
More worrying is the explanation for why lenders are seizing the assets, which are US government agency AAA-rated residential mortgage-backed securities (RMBS). Carlyle says: “negotiations deteriorated late on March 12 when, among other things, the pricing service utilized by certain lenders reported a drop in the value of RMBS collateral that is expected to result in additional margin calls”.
That statement will reverberate through global markets today.
Why?
Well, the point of Tuesday’s dramatic $200bn intervention by the Federal Reserve in mortgage-backed markets was to stabilise the price of US government agency AAA-rated residential mortgage-backed securities and – by implication – to encourage the big banks NOT to seize assets in the way they’ve been doing at Carlyle. In fact, it’s arguable that the banks’ seizure of Carlyle’s $20bn-odd in assets has actually been encouraged by the Fed's mortgages-for-Treasuries offer. Because the Fed’s new lending emergency lending facility allows the banks to swap mortgage-backed debt for Treasury Bills in a way that Carlyle could not do. <--Remember, you have to be a primary dealer.....Hedge funds aren't :)
If that’s the case, there will be some very scared people in hedge-fund land today. Hedge funds that have borrowed from banks against the security of mortgage-backed debt could be about to see their assets sucked into the banking system and their businesses vanish.
It’s a process known as de-leveraging the global financial economy, yet another manifestation of the puncturing of the debt bubble.
Dan Ross
http://www.BetterBizIdeas.com
http://www.businessweek.com/bwdaily/dnflash/content/mar2008/db20080313_916714.htm?chan=top+news_top+news+index_businessweek+exclusives
How could the Fed unintentionally have contributed to Carlyle's unraveling? The theory is that the Fed's action made Carlyle Capital's assets more lucrative to the firm's large creditors. Therefore, those creditors had an incentive to let Carlyle Capital fail and seize its assets. Robert Peston, business editor of the BBC, advanced the idea Mar. 13 on his blog, and the notion was quickly picked up and circulated by other bloggers.
More worrying is the explanation for why lenders are seizing the assets, which are US government agency AAA-rated residential mortgage-backed securities (RMBS). Carlyle says: “negotiations deteriorated late on March 12 when, among other things, the pricing service utilized by certain lenders reported a drop in the value of RMBS collateral that is expected to result in additional margin calls”.
That statement will reverberate through global markets today.
Why?
Well, the point of Tuesday’s dramatic $200bn intervention by the Federal Reserve in mortgage-backed markets was to stabilise the price of US government agency AAA-rated residential mortgage-backed securities and – by implication – to encourage the big banks NOT to seize assets in the way they’ve been doing at Carlyle. In fact, it’s arguable that the banks’ seizure of Carlyle’s $20bn-odd in assets has actually been encouraged by the Fed's mortgages-for-Treasuries offer. Because the Fed’s new lending emergency lending facility allows the banks to swap mortgage-backed debt for Treasury Bills in a way that Carlyle could not do. <--Remember, you have to be a primary dealer.....Hedge funds aren't :)
If that’s the case, there will be some very scared people in hedge-fund land today. Hedge funds that have borrowed from banks against the security of mortgage-backed debt could be about to see their assets sucked into the banking system and their businesses vanish.
It’s a process known as de-leveraging the global financial economy, yet another manifestation of the puncturing of the debt bubble.
Dan Ross
http://www.BetterBizIdeas.com
Wednesday, March 12, 2008
Another disturbing consumer datapoint.
• Filings for Bankruptcy Up 18% in February http://www.nytimes.com/2008/03/05/business/05bankruptcy.html
Americans filed for bankruptcy in growing numbers in February, buckling under the combined weight of rising energy prices, a weakening housing market and sky-high personal debts.
An average of 3,960 bankruptcy petitions were filed per day nationwide last month, up 18 percent from January and up 28 percent from a year earlier, according to Automated Access to Court Electronic Records, a bankruptcy data and management company.
Dan Ross
http://www.BetterBizBooks.com
Americans filed for bankruptcy in growing numbers in February, buckling under the combined weight of rising energy prices, a weakening housing market and sky-high personal debts.
An average of 3,960 bankruptcy petitions were filed per day nationwide last month, up 18 percent from January and up 28 percent from a year earlier, according to Automated Access to Court Electronic Records, a bankruptcy data and management company.
Dan Ross
http://www.BetterBizBooks.com
Tuesday, March 11, 2008
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