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: 2012 » 05/2012 » 05/16/2012
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Country ETFs Get Crushed

Every day over at Bespoke Premium, we publish our ETF Trends report, which looks at the current overbought/oversold trends of more than 200 key ETFs across all asset classes.  Below is a snapshot of the various country ETFs that we track in the report, which shows the 5-day change, % from 50-day moving average, and % overbought/oversold reading for each one.

AIA: Architecture Billings Index indicates contraction in April

Note: This index is a leading indicator for new Commercial Real Estate (CRE) investment. From AIA: Architecture Billings Index Reverts to Negative Territory

100 Russell 1,000 Stocks Down 5+ Days in a Row

With the major indices now down more than 5% in the month of May, there are a large number of stocks that haven't had an up day in quite a long time.  In fact, there are currently 100 stocks in the Russell 1,000 that are down at least five days in a row.  Below is a list of these 100 perpetual losers.

"The Myth of Chinese Meritocracy"

One perspective - so hard to know what is going on in China. Contrary to the prevailing perception in the West (especially among business leaders), the current Chinese government is riddled with clever apparatchiks like Bo who have acquired their positions through cheating, corruption, patronage, and manipulation.

Report: Housing Inventory declines 18.9% year-over-year

From Realtor.com: April 2012 Real Estate Data On the national level, inventory of for-sale single family homes, condominiums, townhouses and co-ops declined by -18.85% in April 2012 compared to a year ago, and declined in all but five of the 146 markets covered by Realtor.com. Realtor.com also reports that inventory was up 2.0% from the March level.

Gold: Fundamentals Strong, Price Action Ugly

Until proven otherwise, central banks will continue to devalue their currencies and intervene in markets because if they didn’t “life as we know it would not exist”.  This is the sole basis for understanding the positive fundamentals behind gold.  Period.  Economic weakness leading to lower interest rates is very gold positive.  But sometimes the price [...]

Greek Exit Part 4; FT editorial; LBS

Part 4 of the FT series is here The FT also has an editorial here LBS writes about contagion here

Debt crisis: Greek euro exit looms closer as banks crumble

A tsunami of capital flight from Greece threatens to overwhelm the authorities, forcing the country out of the euro before fresh elections in June.

The Endgame in Greece—How a Bank Run Can Be Part of the Solution

Greek politicians have once again let their country down and we are now headed for new Greek elections by mid-June. A highly volatile couple of weeks are in store, since the elections are sure to serve as a referendum on Greek membership of the euro. On one side will be the euro area and the [...]

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: all » 2012 » 05/2012 » 05/16/2012