StarBiz- Nokia replaces CEO with Microsoft exec
- India's July industrial output surges 13.8 percent
- Harvard's endowment rises 11% to US$27.4bil
- Facebook beats Google for first time in US
- Asian, US, European shares rise as Europe worries ease(update)
- Apple publishes guidelines for app approval
- Hurd's Oracle gig: Is Ellison perk or problem?
- Business Times
- Bank Negara
Category Archives: Periodic Outlook
Global Outlook
Admin: I have updated my ETF Portfolio. See the “ETF Portfolio” page at the top. Equities: According Goldmans, equities should rally into December. I am also hearing that China has a long way to go yet. Not the same story for Japan which has been heading south since August. But bulls are still definitely in [...]
Some Technicals
Some charts starting to look ugly from a technical perspective. My favourite leading indicator the China FTSE is displaying a classic negative divergence (note that divergences can last for weeks and months). The Dow, comprising of the largest companies in the world is my favourite “market” indicator – the independent variable against which I compare [...]
Market Outlook
Dow back above 10,000. Nasdaq at 2105. S&P at 1066.63. Dow is therefore a whisker from its yearly highs, although Nasdaq and S&P are a few percentage points below, in an environment where momentum is declining. Even if prices manage to hold into the weekend, volumes are likely to be slightly lower than the previous [...]
Market Outlook
Here’s my weekly ETF map: Equities and commodities are up and fixed income is slightly down. Due to concerns regarding the weakness of US currency as well as the prospect of fed actions to tighten liquidity. Below that is the Dow chart, which is just a few points shy of 10,000 and showing that the [...]
Posted in Periodic Outlook Leave a comment
Market Outlook
Top chart is the weekly “EEM” ETF, which comprises of indices of developing (or BRIC) countries – Brazil, Russia, India, Russia, China. For investors who believe that the global economy has decoupled, this should prove to be a useful indicator of investor sentiment. As you can see, the last two weeks have been negative, indicating [...]
Also posted in EEM Leave a comment
Revisiting Market Bottoms
At a time where pessimism is so pervasive, I think that it’s entirely appropriate to understand what constitutes a market bottom and how investors should behave under such circumstances. In relation to this I can do no better than quote from a weekly commentary from John Hussman. Good investors have the courage to form independent [...]
Posted in Periodic Outlook Leave a comment
Where will it end?
Over the past months many analysts have been trying to decipher when things are going to turn around. iCapital itself talks about it in its most recent issue. Despite all that is being said, the sad truth is that no one can tell. Of course it’s possible to compare previous recessions as iCapital has done, [...]
Posted in Periodic Outlook Leave a comment
The Meek Shall Inherit The Earth
Many articles (especially brokers reports) commenting on the stock market make assumptions about the correlation between the stock market and economic and/or political events. Whilst this is difficult to quantify, an investor must at least be able to separate the strands in order to understand price action. As you can see from the slide below, [...]
Posted in Periodic Outlook Leave a comment
Global Market Manipulation
Buried in another story regarding the provision of credit lines by central banks today, Bloomberg reports: “As markets seized up this week, central bankers pushed more than $200 billion into markets with those in Japan, Hong Kong, South Korea and Australia doing so again today.” Woah. Pumping money into the market in order to artificially [...]
Posted in Periodic Outlook Leave a comment
ETF Portfolio