*FUNDAMENTALS DON'T SUPPORT LATEST BANK RALLY AS ECONOMY SHOWS SIGNS OF ONLY A SLOW RECOVERY
Astoria, New York
Cash for clunkers, national health care proposals, shaky labor market and no real economic theory fundamentals are making stories in August. While the cash for clunkers has helped auto sales and Obama may back off from a national run government medical insurance idea, companies are still unsure of what to do with unemployment. Even though we may have seen some kind of bottom, ripple effects could take a toll from a surge in taxes that will help governments curb increased expenditures, it may hurt small to mid size businesses. With this in mind and fresh off a sizzling July to August market rally, there may be room for a correction in the Dow. The Dow could easily crack back below the 9000 level with a possible aim towards Dow 8700 territory, an area of resistance in the late spring rally. Even the latest bank rallies were not as justified since PE ratios have been pushed to their highest level in the last few years with banks also shedding off their dividend payouts. Short term profit taking for various reasons could be taking place especially in some of the banks that have went up too much. Stay tuned to the real economist at www.therealeconomist.blogspot.com
Sunday, August 16, 2009
Tuesday, August 11, 2009
ALERT: THE DOW HAS 90 PERCENT CHANCE OF GOING BELOW 9000 BY LABOR DAY WEEKEND
* THIS IS AN ALERT, A STORY WILL FOLLOW SOON
Thursday, July 23, 2009
BREAKING NEWS <>THE DOW BREAKS 9000 IN JULY 2009 RALLY
*MARKET RALLY SET OFF BY GOOD ECONOMIC REPORTS COUPLED WITH EARNINGS UPBEAT
Monday, July 20, 2009
DOW ALERT AFTER MONDAY'S 100 POINT RALLY
* DOW 9000 IS A MAJOR RESISTANCE LEVEL
Astoria, New York
A powerful 7 percent rally last week has been met by another 100 point rally today. The Dow is now at 150 points shy of Dow 9000 territory. If last week, there was a sustained rally for financials, Monday was a negative day ,though, for them. The broader market continued to rally on good earnings reports and CIT's survival package. As a real economist and not a fake one, I see major resistance near Dow 9000. The markets continue to trade in 8000 to 9000 range and after testing Dow 8000 territory in early July, earnings reports coupled with better recovery prospects have launched the markets towards 2009's peak levels set in June at the end of the Spring Fling rally. There is a flip of the coin 50 percent chance that the Dow could hit or break 9000 in the next two weeks.
Astoria, New York
A powerful 7 percent rally last week has been met by another 100 point rally today. The Dow is now at 150 points shy of Dow 9000 territory. If last week, there was a sustained rally for financials, Monday was a negative day ,though, for them. The broader market continued to rally on good earnings reports and CIT's survival package. As a real economist and not a fake one, I see major resistance near Dow 9000. The markets continue to trade in 8000 to 9000 range and after testing Dow 8000 territory in early July, earnings reports coupled with better recovery prospects have launched the markets towards 2009's peak levels set in June at the end of the Spring Fling rally. There is a flip of the coin 50 percent chance that the Dow could hit or break 9000 in the next two weeks.
Thursday, July 2, 2009
JUNE UNEMPLOYMENT PREDICTED TO RISE TO MID 9 PERCENT AREA, AS N.KOREA LAUNCHES MISSILES
*MORE UNEMPLOYED PEOPLE IN JUNE AS THE ECONOMY IS STILL UNDER PRESSURE
*NORTH KOREA FIRES 2 MISSILES AHEAD OF THE JULY 4TH FESTIVITIES
Astoria, New York
Perhaps two different kind of dark clouds, one of economic , the other of international political nature, and the markets are feeling the effects. June was not a good month for employees. The bankruptcy of GM and continued layoffs put a dent in unemployment across the country. A proposed Obama healthcare overhaul could unleash new jobs down the road as employers could save millions on medical insurance costs. June unemployment is targeted to be in the mid 9 percent area perhaps near 9.6 percent. In the midst of this, North Korea continues its missile launches provoking the United States and the world once again. I don't see a happy ending here but I hope there is one anyways. The Dow Jones and world markets are under pressure since they reached the top in the late spring. I see a potential of 75 percent that the Dow will hit 8000 within July. There should be solid support at that area but continued dark clouds could push it below. Perhaps we need a dark knight to solve the problems.
*NORTH KOREA FIRES 2 MISSILES AHEAD OF THE JULY 4TH FESTIVITIES
Astoria, New York
Perhaps two different kind of dark clouds, one of economic , the other of international political nature, and the markets are feeling the effects. June was not a good month for employees. The bankruptcy of GM and continued layoffs put a dent in unemployment across the country. A proposed Obama healthcare overhaul could unleash new jobs down the road as employers could save millions on medical insurance costs. June unemployment is targeted to be in the mid 9 percent area perhaps near 9.6 percent. In the midst of this, North Korea continues its missile launches provoking the United States and the world once again. I don't see a happy ending here but I hope there is one anyways. The Dow Jones and world markets are under pressure since they reached the top in the late spring. I see a potential of 75 percent that the Dow will hit 8000 within July. There should be solid support at that area but continued dark clouds could push it below. Perhaps we need a dark knight to solve the problems.
Monday, June 22, 2009
IRAN AND NORTH KOREA DEVELOPMENTS SET THE TONE FOR THE EARLY SUMMER DOLDRUMS
* EVENTS FREEZING SPRING FLING RALLY BONANZA AS WE ENTER THE SUMMER
Astoria, New York
It may have been a dandy of a spring, but now the summer, with wet spring weather carryover in the Northeast, could signal a flattish to bearish pattern for the late June period. As predicted here at the real economist blogspot, the Dow was anticipated to trade in 8000 range finding resistance just below 9000 and support just above 8000. But now dark clouds, and not the ones hounding New York City for several weeks, have loomed and are threatening the markets once again. The two big ones are Iran with a possibility of a revolution destabilizing that country, and North Korea with perceived threat for missile launches in July, perhaps on the 4th. There are other clouds too but for the time being, here I am concerned mostly with the international news front.
The possibility for the Dow to revisit 8000 exists as early today we have fallen below 8500. Stay tuned here at the real economist blogspot for real ideas, not fake ones.
Astoria, New York
It may have been a dandy of a spring, but now the summer, with wet spring weather carryover in the Northeast, could signal a flattish to bearish pattern for the late June period. As predicted here at the real economist blogspot, the Dow was anticipated to trade in 8000 range finding resistance just below 9000 and support just above 8000. But now dark clouds, and not the ones hounding New York City for several weeks, have loomed and are threatening the markets once again. The two big ones are Iran with a possibility of a revolution destabilizing that country, and North Korea with perceived threat for missile launches in July, perhaps on the 4th. There are other clouds too but for the time being, here I am concerned mostly with the international news front.
The possibility for the Dow to revisit 8000 exists as early today we have fallen below 8500. Stay tuned here at the real economist blogspot for real ideas, not fake ones.
Tuesday, June 16, 2009
MANY AMERICANS APPLAUD OBAMA'S HEALTHCARE PROPOSALS
*OBAMA BELIEVES HEALTHCARE IS LARGEST ISSUE FOR CITIZENS
*OBAMA LOOKS AT LONG TERM SOLUTIONS AND REVAMPING OF THE INDUSTRY
Astoria, New York
It is a real problem, a problem that has tormented this nation for a while and that is loosing your medical insurance coverage. With Obama beginning to tackle this issue with a speech yesterday from Italy, a nation that has socialized coverage, a glimpse of the future is starting to appear. The United States, the largest economy in the world, was in the brinks of collapsing market and the president has blamed healthcare for that. He said that many corporations like Gm have failed because of the high and always increasing costs of medical insurance. Obama is seeking to revamp the healthcare plague with a different philosophy. The problem is embedded in the healthcare system and it will take time to solve it. Doctors, insurance companies and patients have to do their part in order to go forward. Doctors have to become real doctors and not pencil pushers, Obama said. They have to put the patient first and not their own interest. Insurance companies have to right thing by reimbursing accordingly while patients have to take care of themselves by doing checkups and avoid smoking or eating fatty foods. Obama has also said that he would not likely put caps on malpractice suits. Overall, the president believes that a healthy America will make a stronger America.
*OBAMA LOOKS AT LONG TERM SOLUTIONS AND REVAMPING OF THE INDUSTRY
Astoria, New York
It is a real problem, a problem that has tormented this nation for a while and that is loosing your medical insurance coverage. With Obama beginning to tackle this issue with a speech yesterday from Italy, a nation that has socialized coverage, a glimpse of the future is starting to appear. The United States, the largest economy in the world, was in the brinks of collapsing market and the president has blamed healthcare for that. He said that many corporations like Gm have failed because of the high and always increasing costs of medical insurance. Obama is seeking to revamp the healthcare plague with a different philosophy. The problem is embedded in the healthcare system and it will take time to solve it. Doctors, insurance companies and patients have to do their part in order to go forward. Doctors have to become real doctors and not pencil pushers, Obama said. They have to put the patient first and not their own interest. Insurance companies have to right thing by reimbursing accordingly while patients have to take care of themselves by doing checkups and avoid smoking or eating fatty foods. Obama has also said that he would not likely put caps on malpractice suits. Overall, the president believes that a healthy America will make a stronger America.
Sunday, June 7, 2009
MAYOR BLOOMBERG TO JOIN ASTORIA HOMEOWNERS TENANTS BUSINESS ASSOCIATION ON JUNE 11th
ASTORIA HOMEOWNERS, TENANTS & BUSINESS
CIVIC ASSOCIATION
ATTENTION MEMBERS & ASTORIA COMMUNITY: Please attend this important meeting on
THURSDAY, JUNE 11TH, 2009
7:30 P.M.
St. Francis of Assisi School Basement 21-17 45th Street, Astoria, NY
SPECIAL GUEST SPEAKER:
THE HONORABLE
MICHAEL R. BLOOMBERG
MAYOR, CITY OF NEW YORK
Come and hear directly from the Mayor about how the city of New York is doing during these difficult economic times
and hear what his vision is
for the future of the city of New York.
•
We will be honoring Mayor Bloomberg with a plaque for his
many accomplishments for the past eight years.
•
In addition there will be an update on other community issues.
PLEASE JOIN US - YOUR PRESENCE AND INVOLVEMENT ARE VERY IMPORTANT FOR A BETTER COMMUNITY!
Sunday, May 31, 2009
GM READIES FOR BANKRUPTCY CHAPTER 11, FIAT AWAITS JUDGE ON CHRYSLER
*GM BANKRUPTCY SIGNALS THE END OF AN ERA
*FIAT, UNIONS, US AND AMERICAN GOVERNMENT WILL BE INVOLVED ON THE NEW CHRYSLER
*DOW JONES CAMPS IN THE 8000 RANGE
Astoria, New York
Two US car giants will make news on Monday June 1st. GM is expected to file for Chapter 11 and most likely all existing shareholders will be wiped out, while Chrysler will know what the judge will say about the new company which will be controlled by an italian automaker FIAT.
GM, Chrysler and Ford, the US big 3 aren't as powerful as they were in the last millenium. Ford is the only one that was strong enough to avoid bankruptcy while Chrysler was the only company not publicly traded. Out of this big mess, emerges Italy's ex Agnelli family jewel FIAT.
FIAT has really not been involved in US market for a few decades, but now it has the chance of returning with a new beat by controlling Chrysler. In the meantime, the DOW has been trading in a narrow range in the low to mid 8000 level, with support at about 8000. With economic news
showing some signs of recovery and some continued negativity, the Dow's recent spring rally has come to a halt. The Dow is expected to trade in the 8000 range for June.
*FIAT, UNIONS, US AND AMERICAN GOVERNMENT WILL BE INVOLVED ON THE NEW CHRYSLER
*DOW JONES CAMPS IN THE 8000 RANGE
Astoria, New York
Two US car giants will make news on Monday June 1st. GM is expected to file for Chapter 11 and most likely all existing shareholders will be wiped out, while Chrysler will know what the judge will say about the new company which will be controlled by an italian automaker FIAT.
GM, Chrysler and Ford, the US big 3 aren't as powerful as they were in the last millenium. Ford is the only one that was strong enough to avoid bankruptcy while Chrysler was the only company not publicly traded. Out of this big mess, emerges Italy's ex Agnelli family jewel FIAT.
FIAT has really not been involved in US market for a few decades, but now it has the chance of returning with a new beat by controlling Chrysler. In the meantime, the DOW has been trading in a narrow range in the low to mid 8000 level, with support at about 8000. With economic news
showing some signs of recovery and some continued negativity, the Dow's recent spring rally has come to a halt. The Dow is expected to trade in the 8000 range for June.
Saturday, May 9, 2009
AT MICROCAPSTOCK.BLOGSPOT.COM WE LOOK FOR REAL COMPANIES TRADING AT BOTTOM PRICES. IF YOUR ARE A PROFESSIONAL BOTTOM FISHER AND ARE LOOKING FOR PROFITABLE COMPANIES THAT CAN BECOME A SMALL PART OF YOUR INVESTMENT IDEA, THEN JOIN US. COMMENTS ARE WELCOME FROM PROFESSIONALS ONLY. FOR NON-PROFESSIONAL, PLEASE CONSULT YOUR INVESTMENT CONSULTANT. WE DO NOT MAKE RECCOMENDATIONS.
MARKET CONDITIONS AND TECHNICALS ON OVERSOLD STOCKS FAVOR SPRING FLING 2009
* OVERSOLD STOCKS HAVE AND CONTINUE TO PERFORM WELL* ILLIQUID POSITIVE MICRO CAPS COULD PRODUCE MULTI BAGGER RETURNS
Astoria, New York
Spring Fling 2009, as initially predicted by the real economist at http://www.therealeconomist.blogspot.com/ and later confirmed here by microcapstock, is showing some good results. This is happening after a disastrous winter that in a way has wiped out in a way never seen before the values of investors' portfolios. With Obama's plan at work, there has a been sense of relief as many investors have returned to the markets by buying and trading on some cheap financials such as Citigroup (C) and Allied Irish Banks (AIB). Shares of Citigroup have quadrupled since its all time low just under one dollar per share. But the real economist is concerned with higher inflation, fueled by fiscal stimulus, printing of money and incentives to buy. " We have never seen a perfect market economy with true capitalism at work in the right way. The reason is due greed and fear as well as government intervention. Therefore we must rely on some kind of social capitalistic structure that could be ready to act where there is weakness and that is what we are getting from the Obama administration" said the real economist. In the meantime, some microcaps are showing signs of recovery, and some others are ready to explode in coming weeks thanks to a Spring Fling scenario that should last until summer arrives. " I am afraid that we will be oversprung by July and this will cause markets to stablilze and perhaps underperform during the summer months. I will discuss this scenario at a later date" finalized the real economist. In the meantime shares of GVSS have remained below 30 cents, ahead of earnings release and conference call on May 14th. There is speculative rating on the stock with a short term conservative specualtive buy rating and a target price of 45 cents. Microcapstock will evaluate other micro stocks this week and will continue to discuss general reasons for rallies of micro caps. Micro caps are intended for professionals and accredited investors due to various reasons. Please read the full disclosures on this web blogspot.
MARKET CONDITIONS AND TECHNICALS ON OVERSOLD STOCKS FAVOR SPRING FLING 2009
* OVERSOLD STOCKS HAVE AND CONTINUE TO PERFORM WELL* ILLIQUID POSITIVE MICRO CAPS COULD PRODUCE MULTI BAGGER RETURNS
Astoria, New York
Spring Fling 2009, as initially predicted by the real economist at http://www.therealeconomist.blogspot.com/ and later confirmed here by microcapstock, is showing some good results. This is happening after a disastrous winter that in a way has wiped out in a way never seen before the values of investors' portfolios. With Obama's plan at work, there has a been sense of relief as many investors have returned to the markets by buying and trading on some cheap financials such as Citigroup (C) and Allied Irish Banks (AIB). Shares of Citigroup have quadrupled since its all time low just under one dollar per share. But the real economist is concerned with higher inflation, fueled by fiscal stimulus, printing of money and incentives to buy. " We have never seen a perfect market economy with true capitalism at work in the right way. The reason is due greed and fear as well as government intervention. Therefore we must rely on some kind of social capitalistic structure that could be ready to act where there is weakness and that is what we are getting from the Obama administration" said the real economist. In the meantime, some microcaps are showing signs of recovery, and some others are ready to explode in coming weeks thanks to a Spring Fling scenario that should last until summer arrives. " I am afraid that we will be oversprung by July and this will cause markets to stablilze and perhaps underperform during the summer months. I will discuss this scenario at a later date" finalized the real economist. In the meantime shares of GVSS have remained below 30 cents, ahead of earnings release and conference call on May 14th. There is speculative rating on the stock with a short term conservative specualtive buy rating and a target price of 45 cents. Microcapstock will evaluate other micro stocks this week and will continue to discuss general reasons for rallies of micro caps. Micro caps are intended for professionals and accredited investors due to various reasons. Please read the full disclosures on this web blogspot.
Monday, May 4, 2009
DOW CONQUERS 8000 LEVEL, RALLY MAY CONTINUE AS 8000 TRIES TO BECOME SUPPORT LEVEL
* DOW JONES CLOSES ABOVE 8200 ON FRIDAY
*FUTURES POINT TO HIGHER START
Astoria, New York
It has been a 6 week battle but the bulls were able to break the 8000 resistance level. In the next few days, the real economist will try to evaluate if this is a short term move or if this will lead to a stronger rally.
"In the meantime, the 8000 level has become a support level and this will be tested" said the real economist. "With futures pointing to a higher start, the bulls have the upperhand on the situation, and only some serious negative news can take it below 8000 again."
*FUTURES POINT TO HIGHER START
Astoria, New York
It has been a 6 week battle but the bulls were able to break the 8000 resistance level. In the next few days, the real economist will try to evaluate if this is a short term move or if this will lead to a stronger rally.
"In the meantime, the 8000 level has become a support level and this will be tested" said the real economist. "With futures pointing to a higher start, the bulls have the upperhand on the situation, and only some serious negative news can take it below 8000 again."
Friday, May 1, 2009
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