Equity Markets goes up from 666 to about 950 from March low to 21 May 2009 in NYSE.
BY MAIN MEDIA
Near ending of a recession, rates of deteriorating economy data stops eg unemployment rates slows to below 600,000 im May, retails sales deteriorates at a slow rates, home prices drops at lower rates, equity charges up 40% on improved confidence index.
BY SUB MEDIA
Unemployment rate peaking at historical high, close to 7 million, worst than four previous recessions. The government figures shows unemployment after taking off employment figures created by government jobs, hence shows a slowing sign below 600,000 in April.
Diliquency rates are rising or peaking on both credit cards and commercial properties, what the market called it "see through city" where in the London city, miles and miles of commercial properties are empty. Forget home properties, now is commercial properties delinqueny rates is peaking.
Home price drops has slowed down, due to what? Government intervention, which is not sustainable or create a false picture or reflating a phony bubble like what happens in the first place.
Equity price up 40% in NYSE, due to "green shots"? Well, not according to Davidowitz, who says worst is yet to come as commercial properties market is sinking, debts are rising, credit cards defaults are rising. He called it "greater fool theory." The reason market is up is mainly due to the printing of money couple with a technique called "painting the tapes" where there are heavy tradings before the market close to shows market are higher.
On top of that, over the last 6 weeks or so, insider selling at furious pace, i.e. net sellers peak over the last few weeks or people called "pump and dump scam" and also manipulations of the future contracts, which traded at unusually high over the last few weeks with more than 100,000 future contracts transacted. That is when the "smart money is selling" while the "new suckers is coming into the market"
BEWARE OF WHAT WE READ, THE UNDERLYING FACTS SAID OTHERWISE.
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