2011 November

Markets Today

I have to admit that this morning’s glance at the tape was a pleasant surprise.  After reading of bank down grades across the board last night, I was admittedly expecting a red day in equities.  The market is up over 4.25% on news of a coordinated move by central banks to ease the tightness of .. read more

“United We Stand”

Markets around the world are in full rally mode today after the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank  announced coordinated actions to enhance their capacity to provide liquidity support to the global financial system. The purpose of these actions is to .. read more

Consumer Confidence Is Up Sharply in November (but Still Low)

By John L. Chapman, Ph.D.                                                                                                                                             Washington, D.C.                                                                                                                                                                      November 29, 2011 The Conference Board announced its confidence survey results for November this morning.  Its Consumer Confidence Index®, which had declined in October, improved in November. The Index now stands at 56.0 (1985=100), up from 40.9 in October, and well above consensus estimates of 43.  The Expectations .. read more

On November 29th, 2011, posted in: Markets by

Groupon getting a discount?

On October 20th, I wrote: Caveat Emptor   Click here to read the brief post. Groupon shares are now over 50% below their high. Considering the market is 2-3% higher today, it doesn’t bode well. Actually, very few of this year’s IPOs are doing well. Dunkin’ Brands (DNKN) is down about 11% YTD.

On November 28th, 2011, posted in: Investing, Markets by Tags: ,

The Correct Model for the Economy: An Austrian View

Thinking Things Over              November 27, 2011 Volume I, Number 19:  The Correct Model for the Economy: An Austrian View (Part 3 of 3)   By John L. Chapman, Ph.D.                                                                                                                         Washington, D.C. In this third and final installment of our three-part trilogy on the importance of seeing the world clearly in order to solve the vexing challenges .. read more

Contrarian Alert

The depth of Europe’s problems will not be entirely resolved by any amount of haircut on debt or austerity.  The issues are much deeper and so fundamental that the entire conversation will likely be repeated at length unless the union alters its structure. A starting point on the situation is a recent conversation with fellow .. read more

On November 27th, 2011, posted in: Economy, Markets, Politics by Tags: , ,

Revenge Of The Bankers

Germany got a wake up call last week when an auction of 10 year government bonds failed to get bids for 35% of the bonds offered. While German bond auction failures are not as infrequent as one might imagine – six of the last eight auctions received fewer bids than the maximum amount of bonds .. read more

Weekly Chart Review – ‘La Dolce Vita’

Just a couple of weeks ago, the S&P 500 broke out of its summer trading range and even broke above its 200-day moving average, which is indicative of a market that is turning the corner from a long-term downtrend to a long-term uptrend. The breakout didn’t last long, however, and now the S&P 500 is .. read more