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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: westpacific who wrote (51115)1/24/2006 6:12:09 AM
From: Mike Johnston  Read Replies (2) | Respond to of 110194
 
Great charts and comparison, rising wedge is very bearish, it looks like we even might have had a bull trap, a false breakout above the upper trendline in the SP500.
Resumption of weakness in the dollar, geopolitics, high earnings expectations, oil pushing 70, upcoming debacle in the housing market could all be potential catalysts.

Last friday could very well be the warning for the bulls ( and put sellers )

Stock market, bond market, housing are all accidents waiting to happen.



To: westpacific who wrote (51115)1/24/2006 7:17:00 AM
From: shades  Respond to of 110194
 
DJ Japan Bankers Head:No Change In Japan Econ Fundamentals-2

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The Bankers Association chief said recent economic data suggest that conditions for the Bank of Japan to end its ultra-easy monetary policy are about to fall into place. But he said the central bank needs to take time to gradually end the so-called quantitative easing policy of flooding money markets with excess liquidity to keep short-term interest rates near zero.

Bankers hope the BOJ takes appropriate policy steps by sharing views and engaging in dialogue with market participants, Maeda said.

Maeda, who is president of Mizuho Financial Group Inc. (8411.TO), also said his bank isn't in the position to consider uniformly raising employee salaries now because it still needs about Y600 billion of public funds to return to the government.

The second-largest Japanese banking group by assets wants to return its public funds as soon as possible, Maeda reiterated.

-By Natsuo Nishio, Dow Jones Newswires; 813-5255-2929;natsuo.nishio@dowjones.com