Articles Posted by rohry
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.23.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri The Perfect StormThe Halloween storm of October 1991 was caused by a rare event seldom seen by meteorologists. Three storms, an artic cold front, a nor’easter, and a hurricane met out at sea to from one giant perfect storm. We now have the same potential in the energy markets. A strike in Venezuela, a possible war in Iraq, and a cold winter in the Midwest and Northeast could form...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Michael Hartman12.20.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Running in PlaceSince a picture is worth a thousand words, one look at the five-day graph of the S&P 500 shows that the stock market went absolutely nowhere this week. The S&P 500 closed at 896 for a gain of 7 points, the Dow Jones Industrial Average added 77 points or 0.9%, to close at 8512 and the NASDAQ closed at 1363, exactly the same close as last week.The...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Michael Hartman12.20.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Running in PlaceSince a picture is worth a thousand words, one look at the five-day graph of the S&P 500 shows that the stock market went absolutely nowhere this week. The S&P 500 closed at 896 for a gain of 7 points, the Dow Jones Industrial Average added 77 points or 0.9%, to close at 8512 and the NASDAQ closed at 1363, exactly the same close as last week.The...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.19.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Let's Focus on FactsOil climbs, gold rises and stocks fall. The reason given is possible war with Iraq. "Possible" more likely means "probable." However, there is another reason that paper is falling and “things” are rising and it all relates to the dollar. Gold and commodities trade inversely to the dollar. There may be talk of war, but it is the dollar that is driving commodity prices higher. The...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.18.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Effects Are Felt From Venezuela's Turmoil The U.S. economy runs on oil, and right now oil supplies are running short. According to the latest American Petroleum Institute (API) figures inventories of oil continue to fall as we approach the critical winter months. API figures show that oil inventories fell to 283.9 million barrels. The US, which imports close to 60 percent of its energy needs, is seeing its supply...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.17.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Circuitous ReasoningThe economy is dependent on consumer spending. The stock market is dependent on corporate profits. Thus goes the reasoning of analysts and economists. Economists and analysts now project a second half recovery for 2003. They have been predicting this same outcome for the last three years and have been wrong on both the stock market and the economy, so their analysis has pushed back the long sought after...
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Today's Market WrapUpby Jim Puplava12.16.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Window Shopping For The HolidaysIt is that time of the year again when portfolio managers window dress their portfolios. It is the holiday season, a favorable time of year for the market. Seasonality’s normally come into play at this time. After dumping stocks with losses, managers redeploy that money into stocks that could rally into the New Year. The January effect may be coming early this year. Wall Street is trying to get a rally going so that things won’t look as bad by the end of...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Michael Hartman12.13.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Patience RewardedLast week I posted the consolidation charts of the major stock indices, the CRB Index, gold, US Treasury Bonds, and the US Dollar. Along with the charts was the caption, “Patience, Patience, Patience.” Sometimes with good investing it’s the patience and discipline in trading that presents the biggest challenges. I’m glad I was able to identify the key factor last week, because the patience played out with some...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.12.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Golden Christmas Bells are RingingToday was truly a golden day. For the first time in five years gold traded above the $330 mark to close at $332.10. As the monthly chart of gold shows, it appears that gold may have formed a double bottom in 1999 and in 2001. Since its bottom in 2001, it has been a bumpy and volatile ride upward, strewn with many potholes in between....
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUp by Jim Puplava 12.11.2002 Back to Market Monitor Commentary Mon Tue Wed Thu Fri Oil is Well Oil is the lifeblood of western economies. Everything in our western lifestyle is based on oil. We use oil for transportation in the form of gasoline, diesel and jet fuel. We use oil to heat homes and businesses. We use oil to generate electricity and power for manufacturing. Oil is also the base for a myriad of other products that are manufactured...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.10.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Managed Markets And a Managed Economy In many eastern economies around the globe and in parts of Europe and Latin America, we have centrally planned economies. Government, and not the marketplace, plan the economic activity of the nation. In the West, we have Central Banks that plan our economy and it now appears our markets. The booms and the busts are predetermined by the actions taken by the Central...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.09.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri "Brother, Can You Spare A Dime?" It was a song in 1932 made popular by the times. The U.S. was in the beginning stages of the Great Depression that would not end until World War II. The E.Y. Harburg song might be updated today to reflect the times more appropriately titled “Brother, Can You Spare a Billion? Why Not Make It A Trillion?” Everybody needs money these days. Consumers...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Michael Hartman12.06.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Unemployment Report Overshadowed by New Economic Team Today’s big news came as a surprise with the resignations of Treasury Secretary Paul O’Neill and White House economic adviser Lawrence Lindsey. According to a Bloomberg article, an administration official said that President Bush asked for both of the men to resign. It appears that Mr. Bush is determined to get his way as he realigns his economic team to provide a...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.05.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Reigniting Inflation Two weeks ago several Fed governors including the “G” man gave speeches alerting the financial markets as to their future intentions. The gist of those three speeches [See Fed Archives] is expressed in the words of Fed governor Ben S. Bernanke when he said that the Fed would “take what ever means necessary” to prevent deflation. The Fed governor along with the “G”-man said the Fed still...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.04.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri A Pictorial Walk Through Today's Financial JungleWe can separate today’s news into four separate categories. The headlines will speak for themselves:Earnings Warnings/Bankruptcies/Economy Ford, GM discount their way to higher sales-lower profits Federated & Office Depot Expect Holiday sales to fall Burger King Operator files for bankruptcy HP reduces sales growth estimate Disney cuts earnings-2003 estimates in doubt\ R.J. Reynolds to cut 635 jobs, shed two units to cut costs...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.03.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri Garbage In - Garbage OutThis weekend’s edition of Barron’s featured a story on analysts’ reports. The gist of the article was why these reports stink in terms of accuracy. In too many cases analysts try to project a degree of certainty in a world that is uncertain. Flaws in fact gathering, assumptions, and personal biases enter into the equation and produce results that are less than certain much less...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava12.02.2002Back to Market MonitorCommentary Mon Tue Wed Thu Fri If You Discount It, They Will ComeThe all-important Christmas season is here. This year the season will be shorter with fewer days to shop. Out of the gates, the numbers look good. Year-over-year sales are expected to rise 3 percent in the November-December period. That is up from 2.2 percent from last year. Sales have risen 11 percent in the first two-days after Thanksgiving. It was a spectacular start...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava11.27.2002Back to Market Monitor Oh, The Weather Outside is Frightful...All right, I realize that this is the beginning of the holiday season and we all are badly in need of some good news. In deference to the upcoming holidays, I will try to end this missive with some positive holiday cheer. But first, you and I must wade through the fog of balderdash, hype, hyperbole, and what is otherwise known as spin coming from Wall Street and...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava11.26.2002Back to Market Monitor Geopolitical Risk is as Important as Financial RiskWhen it comes to the financial markets, geopolitical events are a nonentity. Very few firms analyze political risk other than to monitor legislation coming out of Washington. If political risks are considered, it is usually whether a particular bill will get passed that could harm or benefit the industry. Capital gains taxes, investment tax credits, the double-taxation of dividends and investment losses are all on everyone’s...
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Home l Broadcast l WrapUp l Top 10 l Storm Watch l Perspectives l Sitemap l About Us Today's Market WrapUpby Jim Puplava11.25.2002Back to Market Monitor Managing OPM (Other People's Money)Where Have All The Value Stocks Gone? Each week we run a screen on a universe of over 2,000 stocks. Specifically we are looking for stocks with high dividends, stocks selling at below book value, or companies that are selling at low P/E’s. The last category is my least favorite, because you never know what you are getting with earnings these days. Most companies are still playing with numbers...
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