Nice set of charts from Finviz.com — financial visualization of markets and stocks.
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http://finviz.com/groups.ashx
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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February 27th, 2009 at 2:54 pm
Only marginally related:
Latest Goldman prediction on earnings. I see they used Shiller as a source:
http://ftalphaville.ft.com/blog/2009/02/26/52986/cheery-chart-du-jour/?source=rss
February 27th, 2009 at 3:04 pm
I’m not a genius when it comes to technicals but it would seem that if we dont find a way to rally or at least hold current levels that would be awful. New low….new weekly close low….new monthly close low…..i think all would see another leg down. Anybody that feels this says different feel free to let me know why. Always looking for a more optimistic view just cant seem to find one that i buy at this point in time.
February 27th, 2009 at 3:17 pm
There just is too much optimism out there. After news like today, this market should be down 100 on the S&P. Oh! I forgot the PPT….and with the lack of volumn it does take a whole lot.
February 27th, 2009 at 3:26 pm
Oh that’s ok, I’m sure they’ll suspend shorting (or reinstate the uptick rule) sooner or later..
February 27th, 2009 at 3:32 pm
This trend ain’t nobody’s friend.
And the scuttlebutt is that the uptick rule will be restored.
February 27th, 2009 at 4:04 pm
Interesting to note that the financial sector was second on the “monthly” chart. I guess hope does spring eternal. Get real. They are using your money to prop up insolvent companies in order to get you to put your “other” money to invest in them. Ship of fools.