Richard Russell Answers if it’s a bear market

June 4, 2010 By dragon Leave a Comment

??Is it a Bear market? With a return of -38.49%, 2008 marked the worst year for the S&P 500 since 1937 (-38.59%). Also in 2008, looking at volatility, there have been more 5% moves since September 29, 2008, than in the prior 53 years of the Index. Although the market was up in December, for the year, the S&P 500 lost US$ 5.02 trillion and US$ 5.95 trillion since October 2007.
Russell Comment — Yeah, I think it’s a bear market.

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Europe has Greece. The US has California, Illinois, Nevada, New Jersey, Michigan and New York, each one of them choking on unsustainable debt. Can a state default on its debt? Looks like we’re going to find out. It’s debt, debt, everywhere. And remember, states can’t print their own money. Of course, California recently issued its
own token money to state employees. What’s that money worth now? Just about nothing; nobody wants it.  Read more... (846 words, 8 images, estimated 3:23 mins reading time)

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6 principles of money

May 31, 2010 By dragon 3 Comments

6 Principles Of Money
• No point using limited life to chase unlimited money.
• No point earning so much money you cannot live to spend it.
• Money is not yours until you spend it.
• When you are young, you use your health to chase your wealth;
when you are old, you use your wealth to buy back your health.
Difference is that, it is too late.
• How happy a man is, is not how much he has but how little he needs.
• No point working so hard to provide for the people you have no time to spend with.
Remember this — We come to this world with nothing, we leave this world with nothing!  Read more... (151 words, 8 images, estimated 36 secs reading time)

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The Camella and Palmera Homes Bond Default of the 90s

May 4, 2010 By dragon 7 Comments

Below is an article that reminds us of why some people who bought CMP, or Camella and Palmera bonds in the 90s are scoffing at Manny Villar’s election jingle “nakaligo ka na ba sa dagat ng basura”, and singing their own version, “nakaligo ka na ba sa bonds na basura”

May 2nd, 2010 by Manuel Buencamino, reproduced in full from Filipino Voices

I asked a banker friend about the famous Camella and Palmera Homes bond default of the late 90s and how it related to the VistaLand IPO. Below is the banker’s explanation

The Story (all of which, except where indicated, are publicly available information):  Read more... (1727 words, 8 images, estimated 6:54 mins reading time)

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How do markets perform after Good Friday?

April 3, 2010 By dragon 1 Comment

One of my favored segments in cnbc, By The Numbers, suggest that as we head into Good Friday, a holiday that is observed by the U.S. stock markets, we may have little to be happy about on the day we come back from the long Easter weekend.  Historically, the U.S. Markets have been slightly negative on the Mondays following Good Friday with the Dow & S&P down 55% of the time, and the NASDAQ Composite moving south 64% of the time.  The markets have been closed now for more than 100 years since the last time they opened on Good Friday in 1907, here is a look at how the markets have performed the day before, the day after, and a week later after the observance of this religious holiday.  Read more... (326 words, 8 images, estimated 1:18 mins reading time)

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Listing By way of Introduction, suspended – PSE

February 21, 2010 By dragon 10 Comments

The Philippine Stock Exchange (PSE) has suspended its Rules on Listing by Way of Introduction under its Revised Listing Rules and will stop accepting applications under these rules which has been considered a loophole in its stringent listing requirements.

The recently revised PSE rules allows firms to list their shares at the bourse without first undertaking an initial public offering as long as they are required to go public by law and of they commit to do an IPO within 12 months.

In a memoradum dated February 18 but posted on February 19, PSE general counsel and issuer regulation head Roel Refran said the bourse’s board decided on the temporary suspension of the rules in their meeting last February 17.  Read more... (391 words, 8 images, estimated 1:34 mins reading time)

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Technical Analysis leading indicator on breakdown, fundamental reasons to follow?

January 30, 2010 By dragon 6 Comments

Read the title.  I guess that’s how I feel about the sequence of circumstances in the chronology of how they unfold.

I’ve come across two interesting technical analysis articles.  One from website oldtimer Gregory Barton’s asiachart.com, and the other from xtrenders.  Both agree on textbook road to to breakdown that markets are taking, only differing in the pathways to the explanation.

Look at xtrend’s dow chart:
 Read more... (887 words, 9 images, estimated 3:33 mins reading time)

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2010 seems like 1930 Great depression again, according to analyst.

January 30, 2010 By dragon 4 Comments

According to Ron Coby’s Minyanville article, this “Capital V” Recovery is in danger of turning Into “Capital D” Nightmare.  Read more from his article below:

Many well-respected economists and market strategists are talking about a V-shaped global recovery. Some see it as so powerful, they’re calling it a “Capital V” economic recovery — aka “2003 on steroids”.

I agree 100% — the V bottom in global markets is the result of unprecedented steroid injections by the Federal Reserve coordinated with many other Central Banks. But we all know what excess steroids ultimately do to an athlete once the power-enhancing drugs wear off. Just as the illusion of strength dissipates from an artificially pumped up body, so will the global market weaken once the “juice” of coordinated global rate cuts are reversed.  Read more... (894 words, 8 images, estimated 3:35 mins reading time)

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How to trade this market: some support levels to think of

January 25, 2010 By dragon Leave a Comment

Assuming regular correction only (short to medium term):
-These stocks will correct back to uptrendline, and some of the targets are still pretty far off:

*(newly updated in bold)

TEL 2500

AT – macd crossover sell 01/26/2010. S: 10, 8.90
FPH – macd crossover sell 01/26/2010 s:45.0 (still an uptrend if it hits that), break of 45 = 35
EDC – macd crossover sell on 01/26/2010 s:4.50 (still an uptrend if it hits that), break of 4.50 = 4, 4.05

*note. uptrendline supports slant up diagonally by nature, and time and duration to reach trendline may force price variation.

Already broken their uptrendline: in parenthesis (when broken)

AC (September 2009).  Current support 279. If breaks the downtrend channel, then headed to around 250.  Read more... (316 words, 8 images, estimated 1:16 mins reading time)

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