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SPX Weekly

Möjlig nedgång mot EMA 100  för att senaste botten...

Brott under den kommer att sluta illa...

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

spx weekly

bild  2

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

U.S. stocks seen falling next week on growth fears
Fed speeches highlight otherwise light week for economic data

Federal Reserve Governor Frederic Mishkin, San Francisco Fed. President Janet Yellen and Fed. Chairman Ben Bernanke are all expected to speak early in the week.
Investors "want to know that the Fed is in there, they are ready, and they are not going to let the consumer just fall off the table," said Kenny Landgraf, president of Kenjol Capital Management.

http://www.marketwatch.com/news/story/us-stocks-seen-falling-next/story.aspx?guid={60CF6D2D-F24F-4A77-8814-3E7402A64DEC}

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Countrywide
Is to Cut 20%
Of Work Force
Drop in Mortgage Loans
Will Affect up to 12,000
In Next Three Months

Bank of America spokesman Scott Silvestri declined to comment on whether the bank played a role in Countrywide's decision to make the job cuts. "We have a passive investment in the company," he said.

http://online.wsj.com/article/SB118919813950820850.html?mod=yahoo_hs&ru=yahoo

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

OSAMA: INSANE TAXES, GLOBAL WARMING AND MORTGAGES!

He also speaks to recent issues grabbing headlines in the United States, referring to "the reeling of many of you under the burden of interest-related debts, insane taxes and real estate mortgages; global warming and its woes..."

http://blogs.abcnews.com/politicalradar/2007/09/new-obl-tape-ir.html

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Still Looking For A Retest
by Carl Swenlin

The fact that we are looking for this retest in September, a sometimes cruel month, could mean that the retest will be more scary than most people are expecting. I would not rule out a failed retest that sees prices fall past the August lows and plunges us into a bear market. This is not a prediction, just a possible scenario that ought to be considered.

http://www.decisionpoint.com/ChartSpotliteFiles/070907_retest.html

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

The Good, the bad and the ugly

http://www.youtube.com/watch?v=ZKlxyoPNaFI

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

# 4

Mozilo?s Explanation of Countrywide Layoffs

The last component of our strategic plan which we need to address with you is the most difficult. It relates to our need to materially reduce our costs and expenses. We are confident that the actions which we have taken, the plans which we are implementing and the opportunities which the current market is presenting to us will position Countrywide for continued success. In the immediate term, however, we nevertheless expect to see significantly lower origination volumes in the overall market, and correspondingly material declines in our own volumes. We currently anticipate that the size of the originations market in 2008 will be down by 25% or more from 2007 volumes.

http://housingdoom.com/2007/09/07/mozillo-on-countrywide-layoffs/

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

In gold we trust

United States currency notes carry the motto "In God We Trust". Well, not anymore, we don't. Put a letter "l" into the second word and you just may have a winner.

...

The global financial system is broken, with banks refusing to lend to one another at any cost, even as central banks attempt to increase system liquidity. As the interbank lending rate surges well past normal levels, usual circuit-breakers such as liquidity facilities have simply failed. In this environment, only the holders of physical assets such as gold and oil appear to have the upper hand. Sell your equities, by the way

http://www.atimes.com/atimes/Global_Economy/II08Dj02.html

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

# 9

More important, central banks in the US and Europe have lost credibility with investors. They are no longer trying to prevent inflation, but appear more concerned with preserving the lot of bankers. This suggests greater value destruction for global investors, particularly for Asians investing in financial assets in Europe and North America.

Neither the US dollar nor the euro has any credibility in this situation, which means that the average Asian saver has no option but to purchase gold as a store of value. Even as US dollar bills proudly carry the motto "In God We Trust", I think it's time for Asians to put their trust in gold instead.

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Five Things You Need to Know: Greenspan Warns "Market Identical to 1837"!; The Greenspan Way; Paulson Unsurprised by Surprising Economic Weakness; Starving Citizens Complicating Life for Politicians; Point/Counterpoint

http://www.minyanville.com/articles/Greenspan-Paulson-Fed-/index/a/14022

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

US warned in 'bin Laden video'

http://www.youtube.com/watch?v=CWHKDASKChI

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textat på engelska

Osama bin Laden - Unrepentent Theist

http://www.youtube.com/watch?v=07nJmer_bcc&NR=1 

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Volatility hit its high for the year of 1.4% on August 9 and is currently at 1.2%

Volatility increases during bear markets.

The all time high in volatility was 5.6% set in early 2001.

http://www.safehaven.com/article-8367.htm

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Plosser Says Fed Rate Cut Not Always Needed to Soothe Markets

``The Committee usually does not base its decision to change monetary policy on any one number,'' Plosser said, without referring specifically to the August jobs report.

Answering questions following his speech, Plosser said the outlook for inflation is ``still up in the air,'' and it's not clear that the moderation in prices of recent months will be sustained.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aun1ssvumPyM&refer=home

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

1) Chrysler Chief Sees Link of Housing to Car Sales

As the former head of Home Depot, the home improvement retailer, Mr. Nardelli said, he can see a connection between housing woes and the automobile market. He said Chrysler was trying to anticipate what might await the industry, whose sales this year are expected to be the worst since 1998.

"There is a direct coupling there," Mr. Nardelli said in a speech to the Automotive Press Association, "and some negative spill from housing into the auto industry."

http://www.nytimes.com/2007/09/08/business/08auto.html?_r=1&ref=business&oref=slogin

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Fail-safe that wasn't
Investors seeking safety in housing encounter subprime crunch

"My neighbors used to talk to me about their stocks," said Minneapolis stock and bond analyst Jim Floyd amid the housing mania. "Now they only want to talk about their homes."

http://www.baltimoresun.com/business/investing/bal-bz.ym.change09sep09,0,4468303.story

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

# 17 och 16

"Anyone who says that the housing market has not spread to the consumer sector would have to answer for how it is that auto sales in July fell for an unprecedented seventh month in a row," Rosenberg said.

"We may be on the precipice of the first consumer-led downturn in 17 years."



" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Jag har läst John Crudele i flera år nu och ofta tycker jag att han kommer med bra kommentarer...

THE WORST TO COME

For one thing, there's no certainty that it will do any good. Interest rates are already very low and except perhaps as a confidence builder, a cut in the federal funds rate would do very little economic good.

http://www.nypost.com/business/business.htm#morestories

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

# 19

The most exciting time for corporate earnings reports will be 10 or so days after Sept. 10. That's when financial companies report and when we could know better just how bad the housing industry mess really is. But you won't have to wait that long for some excitement. The Labor Department this coming Friday will announce how many jobs were created (or lost) during the month of August.

But there's a bigger problem overshadowing the economy - investors and politicians just can't seem to tolerate a stock market that isn't climbing.

Stock prices are down rather modestly since the Dow Jones industrial average reached 14,000 in mid-July. Yet you'd think the world was ending.

If September and October are true to historic form - well, break out the Depends and hankies.

But don't worry, Wall Street is sure to get stocks moving higher soon after that for the year-end rally.

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

After-Hours Report: Weekly Wrap

The soft trend in payrolls probably reflects business caution given the turmoil in the financial markets, but in our opinion does not signal a recession.

http://www.briefing.com/Investor/Index.htm

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Ike Iossif 09/05/07 lägger in ett litet klipp här

"both, the bearish and the bullish outcome are equally probable"

"the current pattern of the McClellan Oscillator, and the current pattern of
the inflows/outflows, suggest that the odds are in favor of a bullish
resolution, because their current patterns, are of the type that is mostly
associated with bull moves, and is seen in bull markets"

"any pullback that occurs next week, ought to be contained, and it ought to be
followed by an upside reversal, and a close above resistance at 1490, in the
cash SP."


"if the SP is unable to overcome resistance"
"A falling price, against a "bullish" set-up, constitutes a bona-fide bear
signal."
"support at 1450-1445"

"~~~~~~~~~~~~~~~~
mvh
S Borin

Banks face 10-day debt timebomb

"Banks are hoarding cash," said David Brickman, the head of European credit strategy at Lehman Brothers. "We think the reason for that is the commercial paper markets. There was $100bn of commercial paper issued by European institutions that was scheduled to roll over in August, much of which struggled to do so.

"Those markets are just not functioning normally, so some debt has already come on to bank balance sheets and more will have to follow. We estimate that between September 11 and 19 $139bn [£68.5bn] of European commercial paper [will come] up for renewal, including monthly and quarterly maturities. That's why banks are hoarding cash."

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/09/cndebt109.xml

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Paulson hedge fund up 410% this year
Subprime bet pays off for $20 billion hedge fund firm

http://www.marketwatch.com/news/story/paulson-hedge-fund-up-410/story.aspx?guid=%7BFDB43747%2DF8FF%2D4B30%2D8CB8%2DD3C2ED738CDC%7D&dist=hplatest

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Good as gold?

MarketVane's Bullish Consensus for gold on Friday rose a point to 81%, the highest this year. A contrary opinion warning, perhaps - but when gold peaked in May 2006 it spent two weeks even higher, in the 90s.

http://www.marketwatch.com/news/story/golds-roll-again-again/story.aspx?guid=%7B4F6D3D50%2D4EB0%2D4AC2%2DB435%2D442EB4544D8B%7D

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Americans living beyond their means
Commentary: Economist Paul Kasriel sees party ending, hangover beginning

"There are people who deny man walked on the moon, and there are people who will deny this, too," he says. "But the data are overwhelming that households are spending more than their income." And, besides, he says, "If everybody else thinks the way I do, I get nervous." Needless to say, he isn't, which means maybe you should be

http://www.marketwatch.com/news/story/proof-americans-living-beyond-means/story.aspx?guid=%7B66122EA4%2DB773%2D46D0%2D9BFC%2DCC94968EEE77%7D

ha en trevlig dag:-))

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

"Föds man i en boom, så dör man i allmänhet i ett
bakslag" sade Countrywides vd Angelo Mozilo i en intervju då
sektorkollegan Calabasas meddelat att 20 procent av de 55.000
anställda skulle friställas. Enligt honom har de flesta av de
drabbade företagen aldrig gått igenom en liknande period.

Nyhetsbyrån Direkt

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Do not forget that just a few days before the 1987 market crash, rookie Fed Chairman Alan Greenspan raised rates in what was one of the biggest policy errors of all time

Nu väntar marknaden att bernanke sänker räntan????:-)))

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

The Coming U.S. Hard Landing
Nouriel Roubini | Sep 07, 2007

It is like walking blind in a minefield where you have no idea of where the mines are. This uncertainty breeds large fear - after the massive greed of the previous credit and asset bubble has now burst - and lack of trust of financial counterparties, even otherwise respected ones: everyone want to hoard liquidity and hold the safest assets as even large financial institutions do not trust each other and are unwilling to lend to each other.

http://www.rgemonitor.com/blog/roubini/213894

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Dollar holds near lows as Fed action looms

 "We're seeing the dollar sell-off a little bit. But we're just having whippy price action in the run-up to the Fed's meeting next week," said Geoff Kendrick, currency strategist at Westpac Banking Corp in London.

http://investing.reuters.co.uk/news/articleinvesting.aspx?type=hotStocksNewsUS&storyID=2007-09-11T082159Z_01_N06346559_RTRUKOC_0_US-MARKETS-FOREX.xml

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Dollar May Fall as $700 Billion of Debt Matures, Citigroup Says

``The situation is really exacerbating the strains on the dollar,'' Michael Hart, one of the authors of the report, said in a telephone interview from London. ``After an initial phase where people were viewing Treasuries and the dollar as a safe haven, we're entering a second phase where concerns over the U.S. financial system are causing a weaker dollar.''

http://www.bloomberg.com/apps/news?pid=20601009&sid=a8HmfchzkP2Q&refer=bond

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

NEW YORK, Sept 11 (Reuters) - Some 57 percent of mortgage broker customers with adjustable-rate loans were unable to refinance into a new loan to avoid higher monthly payments in August, a national survey reported on Tuesday.

The poll of 1,744 brokers in the last week of August found that subprime borrowers had trouble refinancing mortgages because loan programs were no longer available, according to a statement from Campbell Communications, the Washington-based research firm that conducted the survey. Prime borrowers were impeded by appraisals and high loan-to-value ratios, it said.

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Vill se hur S&P 500 stänger... 

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Dollar off lows vs. euro, up vs. yen as stocks rally
Bernanke offers no hints on Fed's next interest-rate move

http://www.marketwatch.com/news/story/currencies-dollar-slightly-higher-after/story.aspx?guid=%7B718523D1%2D08BB%2D4CC7%2DA4B2%2D3F74CEF4A93A%7D&dist=hplatest

SAN FRANCISCO (MarketWatch) -- October crude climbed 74 cents to close at $78.23 a barrel Tuesday, marking the highest closing level for the front-month contract traded on the New York Mercantile Exchange. OPEC agreed to raise actual production levels by 500,000 barrels per day and lift the cartel's quota to 27.2 million barrels per day as of Nov. 1, according to news reports. But Charles Perry, chairman of Perry Management said "just about everyone is skeptical of OPEC increasing their production very much" with many members near their peak production

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Kolla NDX 

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

SPX

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

jally imon igen.... 

# 0

Åter vi har problem med volym...som var lägre än i måndags trots vi har en upp dag igår.

Problem med financials  som inte hänger med... titta bara hur kursen för Goldman sashs ( market leading stock) utvecklades igår ... sen vi har Apple ( market leading) som inte hängde med gårdagens uppgång...

Detta säger mig att mer nedgång väntar:-))

ha en bra dag:-))

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

IMF official warns of slowing U.S. economy amid subprime crisis

http://www.iht.com/articles/ap/2007/09/12/business/EU-FIN-France-US-Credit-Crunch.php

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

The weekly figures from Investors Intelligence 

The percent bullish came in at 48.3 (versus 42.9 last week)

The percent bearish registered 31.0 (versus 37.4 last week)

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Fortfarande låga volymer och det kommer att fortsätta närmaste dagarna...på grund av The Jewish New Year (Rosh Hashanah) torsdag och fredag 13-14 sep.

Och muslimer börjar fasta (Ramadan) imorgon torsdag

:-))

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

STOCKHOLM (Direkt) Ekonomiska prognosmakare ser en
större sannolikhet för att USA kommer att glida ner i en
recession under de kommande tolv månaderna.

Det visar en undersökning från Wall Street Journal, som
tidningen redovisar på sin webbsida.

Undersökningen, sim genomfördes efter den mycket svaga
sysselsättningsstatistiken i fredags, visar att de tillfrågade
ekonomerna nu ser 36 procents sannolikhet för en recession.
För en månad sedan var motsvarande sannolikhet 28 procent.

Tre fjärdedelar av de 52 tillfrågade ekonomerna såg en
sannolikhet på 30 procent eller mer, och 11 såg en sannolikhet
större än 50 procent. Uppskattningarna varierade mellan 5 och
90 procent.

För det fjärde kvartalet väntar sig ekonomerna att
ekonomin ska växa med 1,9 procent, klart lägre än de 2,5
procent de förutspådde för en månad sedan.

För det första kvartalet 2008 väntar sig ekonomerna en
tillväxt på 2,1 procent, ned från tidigare 2,6 procent.

85 procent av ekonomerna anser att det ekonomiska läget
kräver att Fed sänker sin styrränta./JBA

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Temporary Open Market Operations

http://www.newyorkfed.org/markets/omo/dmm/temp.cfm

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Sept. 13 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage company, made 17 percent fewer home loans in August as access to capital dried up and the housing-market slowdown cut demand.

Lending totaled $34 billion and applications fell 12 percent from August 2006, the Calabasas, California-based company said today in a statement. About $52 billion of applications were being processed as of Aug. 31, a 19 percent drop.

Countrywide said last week it would fire as many as 12,000 workers, a 20 percent cut that was the largest announced so far in the industry, to realign the workforce with declining demand. The fall in lending contrasts with a 2.6 percent increase in applications nationwide during August, according to the Mortgage Bankers Association.

Countrywide's decline in applications, which fell 12 percent from July, was ``a result of the continued slowdown in housing and credit tightening in the mortgage market,'' David Sambol, chief operating officer, said in the statement.

The Mortgage Bankers Association's index of applications to buy a home or refinance a loan rose 5.5 percent last week. Some economists say the applications report overstates activity because the survey only includes retail lenders, which have probably seen an increase in business as many wholesale brokers closed their doors.

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Mortgage borrowers told not to panic

If you've got a mortgage with Northern Rock, there is nothing to worry about as you shouldn't be affected," she said. "The important thing is not to panic."

http://today.reuters.co.uk/news/articleinvesting.aspx?type=personalFinanceNews&storyID=2007-09-14T105815Z_01_HIL439486_RTRUKOC_0_BRITAIN-BANK-CONSUMERS.xml

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

spx

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

From Marketwatch:

U.S. retail sales increased a healthy 0.3% in August, but all the gains were for cars and trucks, the Commerce Department said Friday.

Excluding motor vehicles, sales fell a disappointing 0.4%, below expectations, and the biggest decline since last September.

Sales were slightly weaker than expected, but the upward revision to July's sales figures to 0.5% put the level of sales near expectations. Economists surveyed by MarketWatch had expected total sales to rise 0.6%, with a 0.2% increase in sales excluding autos. See Economic Calendar.

Sales were tepid outside of autos, although furniture and electronics sales showed some life. Sales at the malls, grocery stores, restaurants, and garden centers were weak.

From CNBC:


Sales at U.S. retailers rose a smaller-than-expected 0.3% in August and they recorded the biggest decline in almost a year when car sales were stripped out, a government report showed on Friday.

Excluding motor vehicles and parts, retail sales fell 0.4% last month, the sharpest drop since September 2006, the Commerce Department said.

Analysts polled by Reuters were expecting sales to gain 0.4% and to rise 0.2% when cars and parts were stripped out.

Retail sales excluding cars, parts and gasoline, fell 0.1%, the steepest decline since April.

So-called core retail sales -- which exclude cars, gasoline and building materials -- were unchanged in August after a 0.8% gain in July.

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970

Confessions of a mortgage broker video from ABC news

http://cosmos.bcst.yahoo.com/ver/223/popup/index.php?cl=4093666

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 97

Northern Rock Customers Crowd Branches, Withdraw Cash

``It's scary,'' said Peter Pye, 60, a retired university lecturer standing in a line of about 30 people outside the Moorgate branch in the financial district. ``I have my life's savings in Northern Rock.'' He said he would withdraw a ``six- figure'' sum and leave 5,000 pounds in the account.

....

``I'm worried,'' said Jenny Western, 33, a photographer from London. ``I am taking all my money out. Maybe everyone is overreacting but I want to be on the safe side.''

http://www.bloomberg.com/apps/news?pid=20601087&sid=asdTfUAtiNWI&refer=home

" When your hairdresser starts giving you stock tips, get out quick and wait..." mvh SPX 970