Links and Reading for April 23rd

April 24, 2009

Some of the more interesting and important items for April 23rd :

Outlook for Home Prices Clouded by Spat Over Historical Trends – Cat fight!
Cuomo Urges Probe Of BofA Deal Pressure – This guy Cuomo is on fire! Reminds me of Mr. Spitzer a bit.
Pound Weakens Versus Dollar, Yen on Report U.K. Debt Rating May Be at Risk – The pound is under pressure as are all Euro land currencies. There could be a major beak coming.
Obama pledges protections for credit card users – Good going!
Dodd, Schumer Ask Fed for Immediate Limits on Credit-Card Rate Increases – Capital One, Capital Done
St. Louis Fed Recession Report – A short report from the St. Louis Federal Reserve tracking the recession.

Written by Andrew Horowitz · Filed Under Markets, Recent Reads | 3048Leave a CommentLinks+and+Reading+for+April+23rd2009-04-24+04%3A00%3A17Andrew+Horowitz

TrimTabs: Pulling Out the $

April 23, 2009

It is hard to believe that over the past two weeks money has been pouring out of funds. Where is the buying coming from then? Perhaps we should ask the quant funds and the re-balancing act by the mutual funds ( 3pm-4pm inquiries not allowed)

TrimTabs Estimates All Equity Mutual Funds Post Outflow of $411 Million in Week Ended Wednesday, April 22

Sausalito, CA – April 23, 2009– TrimTabs Investment Research estimates that all equity mutual funds posted an outflow of $411 million in the week ended Wednesday, April 22, versus a revised inflow of $2.7 billion in the previous week.

Equity funds that invest primarily in U.S. stocks posted an outflow of $1.6 billion, versus a revised inflow of $1.9 billion in the previous week. Equity funds that invest primarily in non-U.S. stocks had an inflow of $1.2 billion, versus a revised inflow of $808 million in the previous week. In addition, bond funds had an outflow of $370 million, versus a revised inflow of $5.5 billion in the previous week, and hybrid funds had an inflow of $1.6 billion, versus a revised inflow of $624 million in the previous week.

Separately, TrimTabs reports that exchange-traded funds (ETFs) that invest in U.S. stocks posted an outflow of $1.2 billion, versus an outflow of $4.5 billion in the previous week. ETFs that invest in non-U.S. stocks had an inflow of $876 million, versus an inflow of $1.3 billion in the previous week.

Written by Andrew Horowitz · Filed Under Markets | 3079Leave a CommentTrimTabs%3A+Pulling+Out+the+%242009-04-24+03%3A33%3A55Andrew+Horowitz

Audio: DH Unplugged #22 – What’s Going On?

April 23, 2009

Subscribe at DHUnplugged.com

Here is the latest conversation …. new insights for anyone who invests in anything. What to do? This chat is presented as-is for anyone who wants to listen in. We discuss the market conditions with some unique insights.

More importantly we look at the weird cycles.

Podcast: Play in new window | Download (46.6MB)

Written by Andrew Horowitz · Filed Under DH-Unplugged, Markets, Media | 3076Leave a Comment2009-04-24+01%3A26%3A16Andrew+Horowitz

Video: Mutual Fund Companies are Dinosaurs

April 23, 2009

Here I am ranting about mutual fund companies again….

[flv]http://www.thedisciplinedinvestor.com/blog/video/mutualfunds2.flv[/flv]

Written by Andrew Horowitz · Filed Under Short Ideas | 30431 Comment2009-04-23+23%3A13%3A28Andrew+Horowitz

Initial Claims – Worsen

April 23, 2009

Initial claims were worse than expected as were continuing claims. We are fast approaching 9% unemployment.

Reports today also suggested that another $1 trillion will be required to keep the banks solvent and that Fannie and Freddie are seeing delinquencies and foreclosures skyrocket. Hmmm….