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    DJIA 10+ of past 11 weeks - wtf?

    Let's take a poll here. When do we hit the next new high (let's say in the Dow). My guess is somewhere between 2 weeks and 2 months from today. Bettles
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    Market sells off and pundings lie AGAIN

    Like the weather, if you don't like the market movement, just wait a day or two and it will change. I'd give it 1-3 weeks before Dow is at a new high like nothing ever happened. Could even happen this week, but that is a bit aggressive. More likely next week or the following week. Bettles
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    Collapse of the euro is 'inevitable' says French Banking Chief

    Okay, right, my mistake. US stocks did well and so did the euro in 2009. Both the euro and US stocks fell in January 2009. Thus positive correlation. Bettles
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    Ppt?

    I don't believe the PPT is responsible for the big runup in stocks over the past year, but I do believe they come in at strategic points when the market is down and start buying to keep the technicals from looking too bad and possibly to "punish" short sellers. Bettles
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    Collapse of the euro is 'inevitable' says French Banking Chief

    I know that performance of the US stock market is inversely correlated with the euro. For example, priced in euros, the US stock indexes are still within a few percent of their highs. So if the euro does fall apart in coming weeks, would that mean another big surge in US stock prices...
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    Should the government print more money to support the stockmarket?

    Looks to me like the government did prop up the stock market yesterday. How else can you explain a 180 point rise in the Dow in the final two hours of trading? How convenient that not only did the day manage to close with a gain, but the week closed above the psychologically important 10000...
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    one in five U.S. households ran out of money to buy enough food

    And how many percent of that 18.2% who reported running short on money for food in 2009 had a big screen TV in their house, an SUV in their driveway, and $100+ monthly cable and cellular service options? Bettles
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    Wal-Mart cuts about 11,200 Sam's Club staffers

    This may be a way to cut salaries and benefits without being obvious about it. Shopper Events will probably pay lower wages, and I would be very surprised if the benefits are as great. If nothing else these employees will be starting with a new employer and have very little of the benefits...
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    black monday / panic monday

    Let me just take a guess as to this coming week's action. I'm not a day trader since I tend to hold for periods of months, but I do follow the markets fairly closely, so here is my wild guess based on past experience in this type of situation. Market opens down big on Monday, then manages to...
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    Why are prices rising even if demand for gasoline is falling?

    While I think speculation did probably add 20-40% to the price of oil back in the summer of 2008, the inelasticity of oil demand guarantees that that same price level would be met again even with zero speculation when world demand gets a percent or two over what it was in 2008. Barring...
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    Why are prices rising even if demand for gasoline is falling?

    You have to consider world demand for oil, not just US demand. Look at demand from China, for example. Also, gas prices <i>are</i> down significantly from say 2 years ago. This is due to the recession slightly decreasing energy demand in Western countries. Should world demand increase back...
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    Cramer expects gold to be a big theme in 2010

    Oh no, Cramer? I've been long a significant position in IAU since last July. Maybe its time to sell? Bettles
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    What's dirt cheap right now?

    What about energy, especially oil/gasoline? Back in 1980, gasoline was as high as $1.50 a gallon. At that time, the average home in the US cost something like $40k. Now gasoline costs about 2.5 times what it did in 1980, yet even with the housing crisis the average home price is still 5 times...
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    U.S. apartment vacancies near all-time high

    Since the article mentioned 1999, I wonder how this new lower asking rent compares to 1999? My guess is, still inflated a heck of a lot more than salaries have since 1999. Bettles
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    Kohn Warns Less Fed Autonomy May Cause Higher Rates

    With the Fed now having its hands into so many things that it did not before, I think it is time to re-examine accountability. Why exactly do they argue that doing so would cause short term interest rates to rise? The article did not say. Maybe because people would be more afraid of inflation...
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    •U.S. Mortgage Applications Fall 19%, Defying Obama Steps to Revive Market

    I have a friend who was going to move to a larger house (he has a growing family and his present house is getting too small), but when he found out interest rates had gone up close to a percent since he did his calculations a couple months ago he has put his plans on hold. I did advise my...
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    Fuel tax could be replaced with by-the-mile road tax

    Seems to me gasoline taxes are the fairest way, for several reasons. First, gas taxes are used in large part (or they should be) to maintain roads. Based on the laws of physics, heavier vehicles cause more road wear than lighter vehicles. Heavier vehicles also consume more gas, therefore...
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    Wage Deflation

    That does all, in fact, sound like a good argument for deflation, not inflation. Trouble is, shouldn't we be seeing some signs of that deflation by now? Aside from energy, can you name one thing that people regularly buy that costs less than it did last year? Last year companies were raising...
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    Budget crisis: Is California too big to fail?

    This same kind of thing happened in the state of New York (where I live) several years ago. State could not balance its budget. I remember they closed about 80% of the DMV offices, resulting in many hour waits for routine drivers license renewals. Eventually they allowed people to take an eye...
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    Today in the wall street journal, must see

    Weren't job losses more than 50% greater in January than in June? I'm not saying this is good, but its still an improvement. Also I don't see a case made for the connection between the job loss figures and the "bailout of wall street". Unless you are just commenting about wall street pay...
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