SubscribeS&P 500 Magnet to 960 or 1060?
August 18, 2009
Here is a quick and dirty look at two possibilities for the direction of the S&P 500. One shows a magnet toward 960, which would not seem impossible. The other shows that the top end on an intermediate basis may be close to 1060.
The 1060 is also the recent Goldman Sachs (GS) estimate for the year-end value for the S&P. This fits well with a 50% Fibonacci retracement. It is also quite possible that we will see a move Read more
Foreign Treasuries Holders – Is China Selling?
August 18, 2009
Interesting report out yesterday on the foreign holders of U.S. Treasury securities. In the last TDI PODCAST, Mish and I spoke about the reasons why China needs to continue purchasing U.S. assets. In other words, the fear over China stopping purchases and/or significantly reducing their holdings is unrealistic…. or is it?
Below we see that while foreign holdings are rising over the past few months, China has been reducing their holdings this year. Perhaps Read more
Looking at AsiaInfo Holdings – (ASIA)
August 17, 2009
We have been interested in AsiaInfo Holdings for some time and patiently waited until it came into our price zone. Today at $15.50 or so, we added an initial position to TDIMG portfolios. If the idea holds that there are hundreds of millions of users in China that will eventually need phones and there will eventually be an cell phone/technology enhancement and infrastructure build out (with or without stimulus) – this could be a company that benefits.
Description: AsiaInfo Holdings, Inc. provides telecom software solutions in China. The Company provides a full range of telecom software solutions including network infrastructure, operation support systems, and service applications to China’s telecom Read more
DH Unplugged 31: A Horrible Situation
August 17, 2009
Here is the latest conversation …. new insights for anyone who invests in anything. We are now adding stock tips and things to look for. This chat is presented as-is for anyone who wants to listen in. Among other things, this week we talk about Consumer Confidence going in the tank.
Subscribe through iTunes HERE
DHUnplugged site has additional information and links
Podcast: Play in new window | Download (Duration: 1:02:27 — 42.9MB)
NAHB HomeBuilders Index – Is this Good?
August 17, 2009
The South is really not doing well and overall the NAHB Homebuilders index is also suffering from total stagnation. While we are seeing a bit of improvement in the FUTURE index, the PRESENT index is stable at best. This is not what the markets are looking for at these levels. So, maybe next month…
U.S. Home Builders’ Aug. Index Rises to 18: Summary (Table)
By Chris Middleton
Aug. 17 (Bloomberg) — Following is a summary of U.S. housing
activity from the National Association of Home Builders/Wells Fargo. Read more
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