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December 2010 | Elliott Wave Analytics

  • End Of Year G4 Weekly Market Wrap, 31st December 2010
    By on December 31, 2010 | 41 Comments41 Comments  Comments
    UPDATE: January 1st 2010. I would like to thank those readers who alerted me to the fact that the 66 point drop in the ASX200 futures contract shown on the Bloomberg site is not a true reflection of the likely market action for the XJO scheduled for the market open on Tuesday. Apparently the fut...
  • Keeping Ahead Of The Herd In 2011
    By on December 31, 2010 | No Comments  Comments
    Have you ever noticed that much of the time, the forecasts for what’s going to happen next are quite often just more of what happened last? There’s no real insight, just “expect more of the same.” That’s not how we view the world here at Elliott Wave International, where instead we stud...
  • Irish Bank Run Only A Matter Of Time
    By on December 31, 2010 | No Comments  Comments
    Following the publication of the monthly Central Bank of Ireland flow statistics for November, that the country’s bank ended up borrowing another massive amount of capital from both Europe and the central bank itself, should not be surprising. After all it was in November that Ireland followed...
  • Faber: US Treasuries ‘A Suicidal InvestmentR...
    By on December 31, 2010 | 37 Comments37 Comments  Comments
    Marc Faber, who just like Nassim Taleb has never hidden his disdain for investments in US-backed paper, is back to bashing Treasurys, although with logic diametrically opposite to that espoused by those such as Morgan Stanley who see rising rates as a sign of economic growth. “This is a sui...
  • All Quiet on the Manipulated Front
    By on December 30, 2010 | 51 Comments51 Comments  Comments
    The market continued to rise today on volume lighter than Ben Bernanke’s private sector experience and even lighter than ad sales for the proposed reality TV show tentatively titled “Two and a Half Men” where Hank Paulson, Paul Krugman, and Robert Reich will live in a house and try to solve th...
  • Hiding A Depression: How The Government Does It
    By on December 30, 2010 | 272 Comments272 Comments  Comments
    The real US unemployment rate is not 9.8% but between 25% and 30%. That is a depression level of job losses – so why doesn’t it look like a depression for many people? How can so large of a statistical discrepancy exist, and how is it that holiday shopping malls are so crowded in a dep...
  • The Most Bank Failures Since 1992
    By on December 30, 2010 | 59 Comments59 Comments  Comments
    More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Insurance Corp. THIS STORY 2010 worst year for bank failures since 1992 A weakened system TARP expected to cost U.S. only $25 billion, CBO says View All ...
  • The Lull Before The Storm: What’s Coming in 2011
    By on December 30, 2010 | No Comments  Comments
    This week—what with Christmas on one end and the new year’s celebration on the other, and everthing in between covered in snow—nothing much is gonna happen: It’s a week that’s about as dead as Dillinger. So I figured I should take stock of where we are—and more importantly, where we’re...
  • What Really Moves Markets?: The Real Answers Will Sur...
    By on December 29, 2010 | 52 Comments52 Comments  Comments
    What Really Moves the Markets: News? The Fed? The Real Answers Will Surprise You Elliott Wave International’s free 118-page Independent Investor eBook explains why financial markets are NOT a matter of action and reaction December 29, 2010 By Elliott Wave International “There is no...
  • Consumer Confidence Falls As Retail Sales Rise
    By on December 29, 2010 | 45 Comments45 Comments  Comments
    The market continues to putter along in the last trading week of a year that has thoroughly confused Money McBags like the subprime meltdown confused Ben Stein, the cosmological constant confused Einstein, or a grocery store freezer confused Carrie Harkness.  Money McBags remains cockposterously pe...
  • Housing Prices Still In Downward Spiral
    By on December 29, 2010 | 56 Comments56 Comments  Comments
    Anyone who regularly follows me knows that I have been adamant in disagreeing with any who actually assert that the US has entered a housing recovery. The bubble was blown too wide, supply is too rampant, with demand too soft and credit tighter than frog ass. Today, the Case Shiller numbers have com...
  • NYSE Short Interest Drops To 2010 Low
    By on December 28, 2010 | 35 Comments35 Comments  Comments
    According to the just released NYSE short interest update, the number of shares short on the NYSE group has just dropped to 2010 lows, after dropping by over 1 billion since the August highs. This has occurred pretty much in linear fashion: in the last 4 months, there has been just one two week peri...
  • ‘This Time Is Different’
    By on December 28, 2010 | No Comments  Comments
    “This time is different”. It really, really is. Trust me. It’s true. Those famous 4 words of investing that should have you running the other way and that should be relegated to the trash bin of investing along with such phrases as “stocks climb a wall of worry” and...
  • The Tax-Payers’ Tab: A Cool $9 Trillion
    By on December 27, 2010 | 51 Comments51 Comments  Comments
    On December 1, the Fed was forced to release details of 21,000 funding transactions it made during the financial crisis, naming names and dollar amounts. Disclosure was due to a provision sparked by Senator Bernie Sanders of Vermont. The voluminous data dump from the notoriously secret Fed shows jus...
  • China’s Christmas Present: A Rate Hike
    By on December 25, 2010 | 50 Comments50 Comments  Comments
    Effectively raising the middle finger at the United States’ economic policy and following Friday’s failed 3 Month Bill auction, things in China are once again getting interesting, just as the rest of the world has decided to sleep right into 2011. The PBoC, in a surprise move, hiked its ...
  • TrimTabs: We Can’t Figure Out Who Is Buying Sto...
    By on December 23, 2010 | 1 Comment1 Comment  Comments
    A year after Charles Biderman’s provocative post first appeared here, in which he asked just who is doing all the buying of stocks as the money was obviously not coming from retail investors (and came up with one very notable suggestion), today Maria Bartiromo invited the TrimTabs head once...

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