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 Add Market Clues Blog to My Yahoo!Links: MyClues Home Page Thermopower, a breakthrough alternative energy, carbon-free and completely clean RSS Feed Market Clues Subscription Information Page Time & Cycles TFNN - Tom O'Brien T Theory - Terry Laundry Elliott Wave International's Market Report My Yahoo! Google News "If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around [the banks], will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." "I place economy among the first and most important republican virtues, and public debt as the greatest of the dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt." --Thomas Jefferson
"I sincerely believe, with you, that banking establishments are more
dangerous than standing armies; and that the principle of spending money to be
paid by posterity, under the name of funding, is but swindling futurity on a large scale."
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Wednesday, November 11, 2009
Dollar and Stocks Move Higher
There is an almost perfect negative correlation between stocks and the value of the US Dollar. Except when banks are closed. This is not surprising since it is banks who are shorting the dollar and driving our nation into Third World status.
As we showed yesterday, the banks suck money almost straight out of your wallet into their vaults using the agency of the Federal government and the Fed (the latter is directly owned by the banks, while the former is indirectly owned by banks via their purchase of members of Congress and the Obama Administration). The banks are rapidly depleting the wealth of the country---they are leeches upon society. The only surprise is that the public is standing quietly on the sidelines, playing the role of the meek victims, while they are being raped by the banks.
But, Wednesday was a semi-holiday: the banks were closed and the market was free to move on its own. So, what did it do? The Dollar declined, but then showed some strength and rallied and stocks moved up as well! This was just a brief glimpse of what might happen if we the people stood up and demanded of Congress that they End the Fed and End the Banks. Until we take these necessary steps, our nation is well along the road to financial ruin.
The saving grace for the country is that banks are ultimately self-destructive and will eventually take themselves out.
Herd On The Street
The Price-Earnings Ratio of the S&P 500 Index is currently 138.
Change From 20 Jan 2009 and 10 Nov 2009 To 11 Nov 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 10 Nov 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +29.46% | +0.43% | +44.29 |
| DIAMONDS TRUST SERIES 1 (DIA) | +29.87% | +0.43% | +43.91 |
| ULTRA DOW30 PROSHARES (DDM) | +62.93% | +0.85% | +87.25 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -52.13% | -0.91% | -92.82 |
| S&P 500 (index) | +36.42% | +0.50% | +51.56 |
| S&P SPDRS (SPY) | +36.71% | +0.51% | +52.36 |
| ULTRA S&P500 PROSHARES (SSO) | +77.42% | +1.01% | +103.28 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -57.93% | -1.03% | -105.44 |
| NYSE Composite (index) | +41.46% | +0.41% | +41.61 |
| ISHARES NYSE COMPOSITE INDEX (NYC) | +41.87% | +0.41% | +42.30 |
| S&P SmallCap 600 (index) | +36.22% | +0.91% | +92.75 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +67.39% | +1.54% | +157.36 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -35.28% | -1.12% | -114.40 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -62.37% | -1.66% | -170.39 |
| Russell 2000 (index) | +36.66% | +0.97% | +99.16 |
| ISHARES RUSSELL 2000 INDEX (IWM) | +36.76% | +0.70% | +71.39 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +67.61% | +1.71% | +175.34 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -63.78% | -1.61% | -164.88 |
| NASDAQ-100 (index) | +56.97% | +0.62% | +63.45 |
| POWERSHARES QQQ (QQQQ) | +57.01% | +0.64% | +65.78 |
| ULTRA QQQ PROSHARES (QLD) | +130.19% | +1.37% | +140.60 |
| ULTRASHORT QQQ PROSHARES (QID) | -66.79% | -1.32% | -135.08 |
| S&P MidCap 400 (index) | +44.51% | +0.75% | +76.92 |
| ISHARES S&P MIDCAP 400 INDEX (IJH) | +45.01% | +0.85% | +86.85 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +91.81% | +1.37% | +140.77 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -65.14% | -1.40% | -143.20 |
| GREENHAVEN CONTINUOUS COMMODITY (GCC) | +19.13% | +0.52% | +52.84 |
| Amex Gold (index) | +62.07% | +0.76% | +77.47 |
| MV GOLD MINERS ETF (GDX) | +61.59% | +0.48% | +49.52 |
| SPDR GOLD SHARES (GLD) | +29.67% | +1.12% | +114.39 |
| ULTRA GOLD PROSHARES (UGL) | +56.63% | +2.24% | +229.09 |
| ULTRASHORT GOLD PROSHARES (GLL) | -48.82% | -2.12% | -216.97 |
| IPATH DJ AIG PLATINUM TR SUB-IDX (PGM) | +59.90% | +1.96% | +201.09 |
| PS DB GOLD DOUBLE SHORT ETN (DZZ) | -45.00% | -2.85% | -292.37 |
| PS DB GOLD DOUBLE LONG ETN (DGP) | +61.36% | +2.30% | +235.35 |
| ULTRA SILVER PROSHARES (AGQ) | +107.93% | +3.07% | +314.61 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -73.55% | -3.15% | -322.91 |
| Semiconductor Sector (index) | +59.34% | +1.80% | +184.50 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +141.11% | +3.00% | +307.52 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -74.58% | -2.89% | -296.56 |
| ISHARES DJ US FINANCIAL SECTOR (IYF) | +69.40% | +1.24% | +127.43 |
| ISHARES 20+ YEAR TREAS BOND (TLT) | -18.04% | +0.42% | +42.85 |
| ISHARES 7-10 YEAR TREASURY (IEF) | -6.68% | +0.29% | +29.30 |
| ISHARES AGGREGATE BOND (AGG) | +1.47% | +0.04% | +3.92 |
| ISHARES IBOXX $ INVEST GRADE COR (LQD) | +5.59% | +0.37% | +37.95 |
| ISHARES 1-3 YEAR TREASURY BOND (SHY) | -0.63% | +0.11% | +10.99 |
| ProShares ETFs | |||
| PROSHARES ULTRA 3000 (UWC) | · | -0.11% | -10.92 |
| PROSHARES ULTRASHORT (TWQ) | · | -1.30% | -133.42 |
| ULTRASHORT 7-10 YEAR TREASURY PR (PST) | -1.53% | -0.52% | -52.88 |
| ULTRASHORT 20+ YEAR TREASURY PRO (TBT) | +17.28% | -1.31% | -134.69 |
| SHORT QQQ PROSHARES (PSQ) | -40.72% | -0.50% | -51.17 |
| SHORT DOW30 PROSHARES (DOG) | -29.14% | -0.41% | -42.07 |
| SHORT S&P500 PROSHARES (SH) | -33.20% | -0.52% | -53.22 |
| SHORT MIDCAP400 PROSHARES (MYY) | -38.33% | -0.75% | -77.06 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -35.28% | -1.12% | -114.40 |
| SHORT RUSSELL2000 PROSHARES (RWM) | -36.48% | -0.84% | -86.20 |
| ULTRASHORT QQQ PROSHARES (QID) | -66.79% | -1.32% | -135.08 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -52.13% | -0.91% | -92.82 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -57.93% | -1.03% | -105.44 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -65.14% | -1.40% | -143.20 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -62.37% | -1.66% | -170.39 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -63.78% | -1.61% | -164.88 |
| ULTRASHORT RUSSELL1000 VALUE PRO (SJF) | -59.86% | -1.26% | -129.26 |
| ULTRASHORT RUSSELL1000 GROWTH PR (SFK) | -58.92% | -0.95% | -97.23 |
| ULTRASHORT RUSSELL MIDCAP VAL PR (SJL) | -69.98% | -1.19% | -122.07 |
| ULTRASHORT RUSSELL MIDCAP GR PRO (SDK) | -67.33% | -1.24% | -126.72 |
| ULTRASHORT RUSSELL2000 VALUE PRO (SJH) | -63.96% | -2.07% | -212.39 |
| ULTRASHORT RUSSELL2000 GROWTH PR (SKK) | -70.33% | -1.40% | -143.19 |
| ULTRASHORT BASIC MATERIALS PROSH (SMN) | -79.03% | -1.49% | -152.78 |
| ULTRASHORT CONSUMER GOODS PROSHA (SZK) | -46.60% | -1.16% | -118.37 |
| ULTRASHORT CONSUMER SERVICES PRO (SCC) | -58.75% | -1.10% | -113.02 |
| ULTRASHORT FINANCIALS PROSHARES (SKF) | -88.07% | -2.42% | -247.98 |
| ULTRASHORT HEALTH CARE PROSHARES (RXD) | -38.49% | -0.57% | -58.36 |
| ULTRASHORT INDUSTRIALS PROSHARES (SIJ) | -61.69% | -1.01% | -103.26 |
| ULTRASHORT OIL & GAS PROSHARES (DUG) | -55.83% | -0.24% | -24.85 |
| ULTRASHORT REAL ESTATE PROSHARES (SRS) | -87.39% | -3.54% | -362.82 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -74.58% | -2.89% | -296.56 |
| ULTRASHORT TECHNOLOGY PROSHARES (REW) | -70.99% | -1.53% | -156.53 |
| ULTRASHORT UTILITIES PROSHARES (SDP) | -48.04% | +0.38% | +38.95 |
| SHORT MSCI EMERGING MKTS PROSHAR (EUM) | -55.59% | -0.70% | -71.78 |
| SHORT MSCI EAFE PROSHARES (EFZ) | -41.47% | -0.34% | -35.12 |
| ULTRASHORT MSCI EAFE PROSHARES (EFU) | -68.39% | -0.57% | -58.27 |
| ULTRASHORT MSCI EMERGING MKTS PR (EEV) | -82.93% | -1.63% | -166.83 |
| ULTRASHORT MSCI JAPAN PROSHARES (EWV) | -38.64% | -0.25% | -25.59 |
| ULTRASHORT FTSE/XINHUA CHINA25 P (FXP) | -84.75% | -0.40% | -40.50 |
| ULTRA QQQ PROSHARES (QLD) | +130.19% | +1.37% | +140.60 |
| ULTRA DOW30 PROSHARES (DDM) | +62.93% | +0.85% | +87.25 |
| ULTRA S&P500 PROSHARES (SSO) | +77.42% | +1.01% | +103.28 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +91.81% | +1.37% | +140.77 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +67.39% | +1.54% | +157.36 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +67.61% | +1.71% | +175.34 |
| ULTRA RUSSELL1000 VALUE PROSHARE (UVG) | +67.36% | +1.12% | +114.31 |
| ULTRA RUSSELL1000 GROWTH PROSHAR (UKF) | +90.94% | +1.07% | +109.49 |
| ULTRA RUSSELL MIDCAP VALUE PROSH (UVU) | +83.69% | +1.44% | +147.86 |
| ULTRA RUSSELL MIDCAP GROWTH PROS (UKW) | +107.87% | +1.07% | +109.46 |
| ULTRA RUSSELL2000 VALUE PROSHARE (UVT) | +53.69% | +1.69% | +173.59 |
| ULTRA RUSSELL2000 GROWTH PROSHAR (UKK) | +81.49% | +1.43% | +146.06 |
| ULTRA BASIC MATERIALS PROSHARES (UYM) | +156.42% | +2.04% | +208.84 |
| ULTRA CONSUMER GOODS PROSHARES (UGE) | +57.66% | +0.83% | +84.84 |
| ULTRA CONSUMER SERVICES PROSHARE (UCC) | +81.70% | +0.41% | +42.24 |
| ULTRA FINANCIALS PROSHARES (UYG) | +115.02% | +2.44% | +250.36 |
| ULTRA HEALTH CARE PROSHARES (RXL) | +38.11% | +0.42% | +42.61 |
| ULTRA INDUSTRIALS PROSHARES (UXI) | +68.81% | +1.01% | +102.98 |
| ULTRA OIL & GAS PROSHARES (DIG) | +48.45% | +0.17% | +16.93 |
| ULTRA REAL ESTATE PROSHARES (URE) | +50.50% | +3.99% | +409.17 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +141.11% | +3.00% | +307.52 |
| ULTRA TECHNOLOGY PROSHARES (ROM) | +155.37% | +1.44% | +147.78 |
| ULTRA UTILITIES PROSHARES (UPW) | +10.05% | -0.46% | -47.32 |
| Other ETFs | |||
| PS NASDAQ INTERNET (PNQI) | +100.32% | -0.16% | -16.53 |
| PS DB BASE METALS DBLE SHRT ETN (BOM) | -70.42% | -2.23% | -228.98 |
| PS DB BASE METALS DBLE LONG ETN (BDD) | +164.68% | +0.73% | +74.85 |
| PS DB BASE METALS SHORT ETN (BOS) | -43.27% | -0.40% | -41.04 |
| PS DB CRUDE OIL DBLE SHORT ETN (DTO) | -65.81% | -0.25% | -25.95 |
| PS DB CRUDE OIL SHORT ETN (SZO) | -36.81% | +0.11% | +10.92 |
| PS DB CRUDE OIL LONG ETN (OLO) | +49.02% | 0.00% | 0.00 |
| IPATH S&P GSCI CRUDE OIL TTL RET (OIL) | +40.38% | +0.19% | +19.18 |
| IPATH DJ AIG NATURAL GAS TR SUB- (GAZ) | -45.90% | -0.61% | -62.43 |
| IPATH DJ AIG ENERGY TR SUB-IDX E (JJE) | +6.72% | 0.00% | 0.00 |
| IPATH DJ AIG SOFTS TR SUB-IDX ET (JJS) | +27.19% | +0.63% | +64.57 |
| MV AGRIBUSINESS ETF (MOO) | +60.80% | +0.60% | +61.91 |
| PS GLOBAL AGRICULTURE (PAGG) | +62.48% | +0.04% | +4.07 |
| PS DB AGRICULTURE (DBA) | +3.13% | +0.78% | +80.40 |
| IPATH DJ AIG AGRICULTURE TR SUB- (JJA) | +9.36% | +1.43% | +146.28 |
| ELEMENTS ROGERS INTL COMMODITY A (RJA) | +5.80% | +0.52% | +53.79 |
| IPATH DJ AIG COFFEE TR SUB-IDX E (JO) | +6.23% | -1.46% | -149.38 |
| IPATH DJ AIG COCOA TR SUB-IDX ET (NIB) | +23.86% | +1.63% | +167.20 |
| IPATH DJ AIG COTTON TR SUB-IDX E (BAL) | +25.46% | -2.57% | -263.26 |
| IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG) | +49.32% | +3.33% | +341.29 |
| IPATH DJ AIG GRAINS TR SUB-IDX E (JJG) | -1.35% | +0.28% | +28.62 |
| IPATH DJ AIG COPPER TR SUB-IDX E (JJC) | +98.17% | +0.56% | +57.52 |
| IPATH DJ AIG LEAD TR SUB-IDX ETN (LD) | +94.72% | +1.57% | +160.88 |
| IPATH DJ AIG NICKEL TR SUB-IDX E (JJN) | +50.63% | +0.36% | +36.60 |
| ULTRASHORT EURO PROSHARES (EUO) | -29.82% | -0.12% | -11.93 |
| ULTRASHORT YEN PROSHARES (YCS) | -4.59% | -0.05% | -5.08 |
| PS DB US DOLLAR INDEX BULLISH (UUP) | -13.97% | +0.18% | +18.27 |
| PS DB US DOLLAR INDEX BEARISH (UDN) | +15.13% | -0.07% | -7.18 |
| MACROSHS HOUSING UP (UMM) | · | -2.50% | -256.28 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10-YE (TYD) | · | +0.89% | +91.67 |
| DIREXION 10Y BEAR (TYO) | · | -1.15% | -117.84 |
| DIREXION DAILY 30Y T (TMF) | · | +1.17% | +120.18 |
| DIREXION DAILY 30Y B (TMV) | · | -2.54% | -260.62 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +117.65% | +1.55% | +158.44 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -76.31% | -1.49% | -153.18 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +139.16% | +2.21% | +226.47 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -64.59% | -2.15% | -220.52 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +86.22% | +2.10% | +215.41 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -81.88% | -2.35% | -240.42 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | +56.46% | -0.32% | -32.30 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -74.82% | +0.18% | +18.56 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +111.19% | +3.55% | +363.47 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -97.87% | -3.59% | -368.03 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +271.23% | +2.15% | +220.10 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -86.19% | -2.07% | -211.87 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +166.42% | +0.71% | +73.04 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -83.90% | -1.03% | -106.05 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +362.96% | +2.65% | +271.44 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -94.18% | -2.15% | -220.76 |
| PROSHARES (UPRO) | · | +1.67% | +170.81 |
| PROSHARES (SPXU) | · | -1.57% | -161.37 |
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Claus Vogt: The Sorry State of Modern Economics
Claus Vogt sees what's wrong and what's coming in this guest article:
Since last year's collapse of the banking system, hundreds of billions of dollars have been spent to bail out some of the major players. Additionally, governments all over the world, and their central banks, have implemented huge stimulus programs to combat the consequences of the burst real estate bubble.
Economic history is being written right before our eyes. Hence, I refer to this episode as the largest economic experiment since the implementation of communism. And here's what really frightens me: None of the experimenters saw this crisis coming, but all of them claim to know the remedy!
At the same time politicians and economists are very busy explaining what they deem to be the reasons for the economic malaise ...
Speculators, hedge funds, greedy bankers, and lax regulators are said to be responsible. And a lot of talk about a market failure is being presented as the alleged root of this crisis.
Sure, hedge funds, bankers, and regulators certainly played a role. But their reckless behavior is but a symptom of what had been going wrong and was not the cause. And the latter proposition is plain wrong. Let me explain why ...
This Crisis Is Not a Market Failure. It's a Monumental Policy Failure!
Irrational central bank policies are the source of the current crisis.
By now, nobody — not even Greenspan or Bernanke — will deny that the U.S. housing market was a huge speculative bubble. And the bursting of this bubble triggered the banking problems and the recession.
So we have to look into what causes a speculative bubble to understand the real culprits of the current predicament. The answer is fairly straight forward: Expanding money supply and credit growth.
Since the central bank controls the money supply and credit growth, it's obvious that the central bank is accountable for the evolution of bubbles and the consequences of their inescapable bursting.
You could easily conclude then, that an unsound monetary policy caused the real estate bubble. That means that the same unsound monetary policy is also accountable for the sad and predictable consequences of the bubble bursting.
Unfortunately we're not hearing or reading much about this obvious truth. Instead, fairytales about market failure are dominating the media. And an old and cynical policy joke comes immediately to mind: "When the day of reckoning arrives there is but one policy solution: Lying, lying, lying."
This seems to be the conclusion, the current credo of our politicians and the vast majority of economists. Many of whom are in the business of consulting politicians.
From Economists and Solar Eclipses ...
To get a better understanding of what is going0 on let's switch to an exemplary story: Suppose we were not dealing with economists but with another breed of scientists, let's say astronomers. Nearly all of them are using the same theories and models. They're highly regarded and some have even won the Nobel Prize.
Suddenly something totally unexpected takes place, a total solar eclipse! None of our astronomers had seen this coming. After a short moment of shock and silence, they quickly regain their confidence.
Immediately they start explaining extensively why it had been impossible to predict this eclipse — in spite of the fact that some of their peers had done exactly that, although with an alternative theory.
But the audacity doesn't stop here. These so-called experts also come up with a variety of necessary measures to make sure that — no more eclipses will happen in the future.
This story illustrates perfectly the sorry state of our current mainly Keynesian-dominated establishment of economists. Their behavior is totally unscientific. And it's way off track, too.
More Bubbles to Come ...
The next crisis will be much more severe than the current one.
As you can see, most politicians and economists haven't learned anything from the near breakdown of the financial system. More of the same is their dangerous answer, much more.
Right now this policy is showing some desired effect: The housing market has stabilized, the stock market has risen and the economy has been growing again. But this short-term success has a dangerously high price ...
Eventually this policy will again fail, like it did before. Already new bubbles are emerging, and the budget deficit is going through the roof! Now, however, the stakes are even larger, much larger. So the next crisis will be much more severe than the recent one.
My job now is to recognize when the current bounce is over and when the next act in this government-fueled crisis will begin. I'm confident that my models will again lead me successfully.
Right now I don't see signs of renewed weakness. But we must stay constantly on the alert of changes for the worse. The next time down is unavoidable. And the outcome of this great experiment is clear.
Now the only question is: When?
Best wishes,
Claus
This investment news is brought to you by Money and Markets. Money and Markets is a free daily investment newsletter from Martin D. Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Dr. Weiss is a leader in the fields of investing, interest rates, financial safety and economic forecasting. To view archives or subscribe, visit http://www.moneyandmarkets.com.
Tuesday, November 10, 2009
Money Flows From Your Pocket To Bank Profits
Example Flow of Funds From Your Pocket To a Private Bank
Your tax dollars at work, or how your money ends up as private bank profits:
- You pay your taxes to the US Treasury.
- The Treasury issues debt securities which are known as bonds, notes or bills.
- The bonds, notes or bills are purchased by a private bank.
- To fund the purchase, the private bank borrows money from the Federal Reserve, the private central bank. The Fed does not charge the bank any interest on this loan.
- The government periodically pays money out of the Treasury, which it has collected from you, to the bank which holds the Treasury securities it has purchased.
- The bank "earns" a risk-free, pure profit because the bank is paying no interest to the Fed for the use of the money they used to buy the securities.
There you have it. This is the mechanism whereby the money you pay the government is transferred to private banks.
Are you happy now? By the way, this is called "reflation" of the banking system, a euphemism for "How Private Banks Screw The Taxpayer".
Herd On The Street
The Price-Earnings Ratio of the S&P 500 Index is currently 138.
Change From 20 Jan 2009 and 9 Nov 2009 To 10 Nov 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 9 Nov 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +28.91% | +0.20% | +20.03 |
| DIAMONDS TRUST SERIES 1 (DIA) | +29.32% | +0.26% | +26.96 |
| ULTRA DOW30 PROSHARES (DDM) | +61.56% | +0.62% | +63.28 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -51.69% | -0.58% | -59.21 |
| S&P 500 (index) | +35.74% | -0.01% | -0.65 |
| S&P SPDRS (SPY) | +36.02% | +0.02% | +1.87 |
| ULTRA S&P500 PROSHARES (SSO) | +75.65% | 0.00% | 0.00 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -57.49% | -0.11% | -11.07 |
| NYSE Composite (index) | +40.89% | -0.12% | -12.77 |
| ISHARES NYSE COMPOSITE INDEX (NYC) | +41.28% | -0.08% | -7.81 |
| S&P SmallCap 600 (index) | +35.03% | -0.68% | -69.75 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +64.86% | -1.05% | -107.30 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -34.55% | +0.74% | +75.86 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -61.73% | +1.19% | +121.47 |
| Russell 2000 (index) | +35.37% | -0.89% | -91.16 |
| ISHARES RUSSELL 2000 INDEX (IWM) | +35.82% | -0.62% | -63.90 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +64.79% | -1.57% | -160.23 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -63.19% | +1.39% | +141.99 |
| NASDAQ-100 (index) | +55.97% | +0.25% | +25.45 |
| POWERSHARES QQQ (QQQQ) | +56.01% | +0.25% | +25.86 |
| ULTRA QQQ PROSHARES (QLD) | +127.07% | +0.32% | +32.34 |
| ULTRASHORT QQQ PROSHARES (QID) | -66.35% | -0.56% | -57.46 |
| S&P MidCap 400 (index) | +43.43% | -0.15% | -14.95 |
| ISHARES S&P MIDCAP 400 INDEX (IJH) | +43.79% | -0.23% | -23.45 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +89.21% | -0.13% | -13.24 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -64.64% | 0.00% | 0.00 |
| GREENHAVEN CONTINUOUS COMMODITY (GCC) | +18.52% | -0.55% | -56.48 |
| Amex Gold (index) | +60.86% | +0.28% | +28.97 |
| MV GOLD MINERS ETF (GDX) | +60.82% | +0.77% | +78.86 |
| SPDR GOLD SHARES (GLD) | +28.24% | +0.18% | +18.91 |
| ULTRA GOLD PROSHARES (UGL) | +53.21% | +0.33% | +33.41 |
| ULTRASHORT GOLD PROSHARES (GLL) | -47.71% | -0.57% | -58.72 |
| IPATH DJ AIG PLATINUM TR SUB-IDX (PGM) | +56.83% | +2.73% | +278.76 |
| PS DB GOLD DOUBLE SHORT ETN (DZZ) | -43.38% | -0.20% | -20.80 |
| PS DB GOLD DOUBLE LONG ETN (DGP) | +57.73% | +0.15% | +14.94 |
| ULTRA SILVER PROSHARES (AGQ) | +101.73% | -3.15% | -322.10 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -72.69% | +3.25% | +332.76 |
| Semiconductor Sector (index) | +56.52% | +0.12% | +12.49 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +134.09% | +0.75% | +76.35 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -73.82% | -0.98% | -100.61 |
| ISHARES DJ US FINANCIAL SECTOR (IYF) | +67.32% | -0.42% | -42.86 |
| ISHARES 20+ YEAR TREAS BOND (TLT) | -18.38% | -0.18% | -18.61 |
| ISHARES 7-10 YEAR TREASURY (IEF) | -6.95% | +0.08% | +7.88 |
| ISHARES AGGREGATE BOND (AGG) | +1.44% | +0.03% | +2.94 |
| ISHARES IBOXX $ INVEST GRADE COR (LQD) | +5.20% | -0.07% | -6.79 |
| ISHARES 1-3 YEAR TREASURY BOND (SHY) | -0.73% | -0.02% | -2.44 |
| ProShares ETFs | |||
| PROSHARES ULTRASHORT (TWQ) | · | +0.83% | +84.39 |
| ULTRASHORT 7-10 YEAR TREASURY PR (PST) | -1.02% | -0.10% | -9.76 |
| ULTRASHORT 20+ YEAR TREASURY PRO (TBT) | +18.84% | +0.67% | +68.74 |
| SHORT QQQ PROSHARES (PSQ) | -40.42% | -0.26% | -26.57 |
| SHORT DOW30 PROSHARES (DOG) | -28.84% | -0.35% | -36.14 |
| SHORT S&P500 PROSHARES (SH) | -32.86% | +0.02% | +1.90 |
| SHORT MIDCAP400 PROSHARES (MYY) | -37.86% | +0.13% | +13.20 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -34.55% | +0.74% | +75.86 |
| SHORT RUSSELL2000 PROSHARES (RWM) | -35.94% | +0.87% | +88.95 |
| ULTRASHORT QQQ PROSHARES (QID) | -66.35% | -0.56% | -57.46 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -51.69% | -0.58% | -59.21 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -57.49% | -0.11% | -11.07 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -64.64% | 0.00% | 0.00 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -61.73% | +1.19% | +121.47 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -63.19% | +1.39% | +141.99 |
| ULTRASHORT RUSSELL1000 VALUE PRO (SJF) | -59.34% | +0.04% | +3.74 |
| ULTRASHORT RUSSELL1000 GROWTH PR (SFK) | -58.53% | -0.05% | -5.39 |
| ULTRASHORT RUSSELL MIDCAP VAL PR (SJL) | -69.62% | 0.00% | 0.00 |
| ULTRASHORT RUSSELL MIDCAP GR PRO (SDK) | -66.92% | +0.07% | +7.03 |
| ULTRASHORT RUSSELL2000 VALUE PRO (SJH) | -63.20% | +1.62% | +165.70 |
| ULTRASHORT RUSSELL2000 GROWTH PR (SKK) | -69.91% | +1.28% | +131.17 |
| ULTRASHORT BASIC MATERIALS PROSH (SMN) | -78.71% | +0.21% | +21.83 |
| ULTRASHORT CONSUMER GOODS PROSHA (SZK) | -45.97% | -0.81% | -82.72 |
| ULTRASHORT CONSUMER SERVICES PRO (SCC) | -58.29% | -0.07% | -7.51 |
| ULTRASHORT FINANCIALS PROSHARES (SKF) | -87.78% | +0.70% | +71.81 |
| ULTRASHORT HEALTH CARE PROSHARES (RXD) | -38.14% | -2.89% | -295.65 |
| ULTRASHORT INDUSTRIALS PROSHARES (SIJ) | -61.30% | +0.47% | +47.79 |
| ULTRASHORT OIL & GAS PROSHARES (DUG) | -55.73% | 0.00% | 0.00 |
| ULTRASHORT REAL ESTATE PROSHARES (SRS) | -86.93% | +0.76% | +77.39 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -73.82% | -0.98% | -100.61 |
| ULTRASHORT TECHNOLOGY PROSHARES (REW) | -70.54% | +0.31% | +32.15 |
| ULTRASHORT UTILITIES PROSHARES (SDP) | -48.24% | -0.67% | -68.64 |
| SHORT MSCI EMERGING MKTS PROSHAR (EUM) | -55.28% | +0.58% | +59.19 |
| SHORT MSCI EAFE PROSHARES (EFZ) | -41.26% | +0.29% | +29.88 |
| ULTRASHORT MSCI EAFE PROSHARES (EFU) | -68.21% | +1.02% | +104.14 |
| ULTRASHORT MSCI EMERGING MKTS PR (EEV) | -82.65% | +0.86% | +88.39 |
| ULTRASHORT MSCI JAPAN PROSHARES (EWV) | -38.49% | +1.88% | +192.17 |
| ULTRASHORT FTSE/XINHUA CHINA25 P (FXP) | -84.69% | +1.20% | +122.72 |
| ULTRA QQQ PROSHARES (QLD) | +127.07% | +0.32% | +32.34 |
| ULTRA DOW30 PROSHARES (DDM) | +61.56% | +0.62% | +63.28 |
| ULTRA S&P500 PROSHARES (SSO) | +75.65% | 0.00% | 0.00 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +89.21% | -0.13% | -13.24 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +64.86% | -1.05% | -107.30 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +64.79% | -1.57% | -160.23 |
| ULTRA RUSSELL1000 VALUE PROSHARE (UVG) | +65.51% | -0.09% | -9.12 |
| ULTRA RUSSELL1000 GROWTH PROSHAR (UKF) | +88.92% | +0.08% | +8.41 |
| ULTRA RUSSELL MIDCAP VALUE PROSH (UVU) | +81.08% | -0.39% | -40.09 |
| ULTRA RUSSELL MIDCAP GROWTH PROS (UKW) | +105.67% | -0.24% | -24.61 |
| ULTRA RUSSELL2000 VALUE PROSHARE (UVT) | +51.12% | -1.52% | -155.11 |
| ULTRA RUSSELL2000 GROWTH PROSHAR (UKK) | +78.94% | -1.19% | -121.88 |
| ULTRA BASIC MATERIALS PROSHARES (UYM) | +151.30% | -0.89% | -91.43 |
| ULTRA CONSUMER GOODS PROSHARES (UGE) | +56.36% | +0.53% | +53.98 |
| ULTRA CONSUMER SERVICES PROSHARE (UCC) | +80.95% | -0.06% | -6.48 |
| ULTRA FINANCIALS PROSHARES (UYG) | +109.89% | -0.69% | -70.90 |
| ULTRA HEALTH CARE PROSHARES (RXL) | +37.54% | +1.15% | +117.73 |
| ULTRA INDUSTRIALS PROSHARES (UXI) | +67.13% | -0.57% | -57.91 |
| ULTRA OIL & GAS PROSHARES (DIG) | +48.20% | +0.08% | +8.46 |
| ULTRA REAL ESTATE PROSHARES (URE) | +44.72% | -1.37% | -140.09 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +134.09% | +0.75% | +76.35 |
| ULTRA TECHNOLOGY PROSHARES (ROM) | +151.74% | +0.02% | +2.17 |
| ULTRA UTILITIES PROSHARES (UPW) | +10.56% | +0.81% | +83.32 |
| Other ETFs | |||
| PS NASDAQ INTERNET (PNQI) | +100.65% | +0.98% | +99.94 |
| PS DB BASE METALS DBLE SHRT ETN (BOM) | -69.75% | +0.70% | +71.92 |
| PS DB BASE METALS DBLE LONG ETN (BDD) | +162.76% | -0.15% | -14.92 |
| PS DB BASE METALS SHORT ETN (BOS) | -43.04% | +0.93% | +95.08 |
| PS DB CRUDE OIL DBLE SHORT ETN (DTO) | -65.72% | +0.21% | +21.09 |
| PS DB CRUDE OIL SHORT ETN (SZO) | -36.88% | +1.16% | +119.12 |
| PS DB CRUDE OIL LONG ETN (OLO) | +49.02% | +0.07% | +7.48 |
| IPATH S&P GSCI CRUDE OIL TTL RET (OIL) | +40.12% | -0.34% | -34.33 |
| IPATH DJ AIG NATURAL GAS TR SUB- (GAZ) | -45.56% | -1.72% | -176.06 |
| IPATH DJ AIG ENERGY TR SUB-IDX E (JJE) | +6.72% | -2.08% | -212.66 |
| IPATH DJ AIG SOFTS TR SUB-IDX ET (JJS) | +26.39% | -1.73% | -176.89 |
| MV AGRIBUSINESS ETF (MOO) | +59.83% | +0.71% | +72.18 |
| PS GLOBAL AGRICULTURE (PAGG) | +62.41% | +0.48% | +48.95 |
| PS DB AGRICULTURE (DBA) | +2.33% | -0.89% | -91.45 |
| IPATH DJ AIG AGRICULTURE TR SUB- (JJA) | +7.82% | -0.12% | -11.95 |
| ELEMENTS ROGERS INTL COMMODITY A (RJA) | +5.25% | +0.26% | +26.91 |
| IPATH DJ AIG COFFEE TR SUB-IDX E (JO) | +7.80% | -4.28% | -438.12 |
| IPATH DJ AIG COCOA TR SUB-IDX ET (NIB) | +21.87% | -2.50% | -255.67 |
| IPATH DJ AIG COTTON TR SUB-IDX E (BAL) | +28.77% | +1.88% | +192.03 |
| IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG) | +44.51% | -1.76% | -180.30 |
| IPATH DJ AIG GRAINS TR SUB-IDX E (JJG) | -1.62% | +0.92% | +94.33 |
| IPATH DJ AIG COPPER TR SUB-IDX E (JJC) | +97.07% | -0.46% | -47.21 |
| IPATH DJ AIG LEAD TR SUB-IDX ETN (LD) | +91.71% | +0.52% | +53.23 |
| IPATH DJ AIG NICKEL TR SUB-IDX E (JJN) | +50.09% | -2.93% | -299.40 |
| IPATH DJ AIG TIN TR SUB-IDX ETN (JJT) | +43.40% | +0.83% | +84.74 |
| ULTRASHORT EURO PROSHARES (EUO) | -29.73% | +0.23% | +23.87 |
| ULTRASHORT YEN PROSHARES (YCS) | -4.55% | -0.25% | -25.30 |
| PS DB US DOLLAR INDEX BULLISH (UUP) | -14.12% | -0.44% | -45.37 |
| PS DB US DOLLAR INDEX BEARISH (UDN) | +15.21% | -0.04% | -3.58 |
| MACROSHS HOUSING UP (UMM) | · | +0.86% | +87.45 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10-YE (TYD) | · | +0.06% | +6.10 |
| DIREXION 10Y BEAR (TYO) | · | +0.29% | +29.88 |
| DIREXION DAILY 30Y T (TMF) | · | -0.91% | -93.02 |
| DIREXION DAILY 30Y B (TMV) | · | +0.87% | +89.41 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +114.34% | -0.02% | -1.84 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -75.95% | -0.11% | -10.91 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +133.99% | -0.31% | -31.75 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -63.81% | +0.38% | +39.20 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +82.39% | -2.13% | -217.75 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -81.44% | +1.90% | +193.92 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | +56.96% | +0.63% | +64.88 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -74.86% | -0.36% | -36.92 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +103.96% | -0.95% | -97.63 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -97.79% | +0.62% | +63.36 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +263.42% | -0.07% | -7.17 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -85.90% | -0.09% | -9.60 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +164.53% | -1.45% | -148.25 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -83.73% | +1.51% | +154.45 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +351.02% | -1.45% | -148.18 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -94.05% | +1.27% | +130.16 |
| PROSHARES (UPRO) | · | -0.08% | -8.63 |
| PROSHARES (SPXU) | · | +0.13% | +13.00 |
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· Quarter-Hourly Chart Comments
· Detailed Comments . . . .
Monday, November 09, 2009
A Trader Tax: The Straw That Will Break the Market's Back
Democrats are floating the idea of a ¼% "trader tax" to help cover the bailout to private banks. If this gets enacted, it will have some advantages and some disadvantages.
The advantages:
- Stocks will be deflated down to where they will be good values to buy. Currently, stocks are overvalued by a huge amount. This tax will help bears make a lot of money as the stock market crashes back to the ground.
- The government will be able to extract a windfall in tax revenue initially. Not only will it extract the tax itself, the massive selling to get out of the market ahead of the imposition of the tax will create substantial capital gains taxes.
The disadvantages:
- Stocks will lose most of their overinflated values today. This will wipe out the savings of most who hold stocks for the long term, including pension funds.
- Independent traders who currently make a good living day-trading will have to find real jobs. But, with the prospect of very few new jobs becoming available for these former traders, some will take up other pasttimes, including assassinating public officials (and, perhaps, private bankers who are deemed responsible for the events leading up to the imposition of this tax) to take revenge on them for the law which put them out of a livelihood. It will be like the Boston Tea Party and the American Revolution all over again. Ultimately, it could be the spark for a revolution which overthrows the government.
Yes, it will get very interesting if the Democrats ram this bill through Congress.
Plunge Protection Team: PPT
Right now, the PPT---officially known as the President's Working Group on Markets---is said to be gearing up for another market "saving" opportunity in the near future. A product of Maestro Greenspan's inventive genius following the Crash of 1987, this has become one of the permanent bureaucratic mechanisms by which the government controls the "free market" (the market is clearly as "free" as the Administration's "Strong Dollar" policy results in a truly "strong" dollar). When the dollar bottoms and turns up, it will trigger the largest asset liquidation in the history of world finance, so the bailout team will be ready to go into action to ease the fall. The fact that dollars can be borrowed at no interest charges and converted into foreign currencies to buy assets which presumably have a positive return has made it a favorite game of the hedge funds. Nobody knows just how much money they've "invested" in this shell game, but we wouldn't be surprised if much of the money pushed into the banks ended up funding the Dollar Carry Trade. The PPT won't be able to turn the actual tide when the unwinding begins, of course, just cushion the down ride and extend it over a long period of time to preclude public panic. At least, that's what they hope.
The last time we had a carry trade unwinding, it was the Japanese Yen in the role of carry currency. That was in 2008. And, we know how effective the PPT was in holding up the market---not.
Herd On The Street
The Price-Earnings Ratio of the S&P 500 Index is currently 138.
Change From 20 Jan 2009 and 6 Nov 2009 To 9 Nov 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 6 Nov 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +28.66% | +2.03% | +203.52 |
| DIAMONDS TRUST SERIES 1 (DIA) | +28.98% | +2.04% | +204.72 |
| ULTRA DOW30 PROSHARES (DDM) | +60.57% | +3.98% | +399.35 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -51.41% | -4.13% | -414.17 |
| S&P 500 (index) | +35.75% | +2.23% | +223.10 |
| S&P SPDRS (SPY) | +35.99% | +2.28% | +228.29 |
| ULTRA S&P500 PROSHARES (SSO) | +75.65% | +4.59% | +459.76 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -57.45% | -4.52% | -453.02 |
| NYSE Composite (index) | +41.07% | +2.54% | +255.03 |
| ISHARES NYSE COMPOSITE INDEX (NYC) | +41.39% | +2.62% | +262.45 |
| S&P SmallCap 600 (index) | +35.95% | +2.17% | +217.72 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +66.61% | +4.07% | +407.58 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -35.03% | -2.09% | -209.02 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -62.18% | -4.20% | -421.34 |
| Russell 2000 (index) | +36.57% | +2.06% | +206.06 |
| ISHARES RUSSELL 2000 INDEX (IWM) | +36.67% | +1.96% | +196.74 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +67.41% | +4.08% | +408.62 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -63.69% | -3.90% | -391.17 |
| NASDAQ-100 (index) | +55.54% | +2.16% | +216.64 |
| POWERSHARES QQQ (QQQQ) | +55.62% | +2.14% | +214.12 |
| ULTRA QQQ PROSHARES (QLD) | +126.36% | +4.29% | +429.71 |
| ULTRASHORT QQQ PROSHARES (QID) | -66.16% | -4.17% | -418.20 |
| S&P MidCap 400 (index) | +43.64% | +2.41% | +241.56 |
| ISHARES S&P MIDCAP 400 INDEX (IJH) | +44.12% | +2.56% | +256.37 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +89.46% | +4.83% | +484.17 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -64.64% | -4.77% | -478.61 |
| GREENHAVEN CONTINUOUS COMMODITY (GCC) | +19.18% | +1.28% | +128.15 |
| Amex Gold (index) | +60.40% | +3.83% | +383.58 |
| MV GOLD MINERS ETF (GDX) | +59.59% | +3.49% | +349.41 |
| SPDR GOLD SHARES (GLD) | +28.01% | +0.71% | +70.91 |
| ULTRA GOLD PROSHARES (UGL) | +52.71% | +1.50% | +150.66 |
| ULTRASHORT GOLD PROSHARES (GLL) | -47.41% | -1.32% | -132.51 |
| IPATH DJ AIG PLATINUM TR SUB-IDX (PGM) | +52.67% | +2.03% | +203.26 |
| PS DB GOLD DOUBLE SHORT ETN (DZZ) | -43.27% | -1.86% | -186.73 |
| PS DB GOLD DOUBLE LONG ETN (DGP) | +57.50% | +1.44% | +144.78 |
| ULTRA SILVER PROSHARES (AGQ) | +108.29% | +2.19% | +219.43 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -73.55% | -2.33% | -233.60 |
| Semiconductor Sector (index) | +56.33% | +3.13% | +313.91 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +132.35% | +5.85% | +586.12 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -73.56% | -6.07% | -608.09 |
| ISHARES DJ US FINANCIAL SECTOR (IYF) | +68.02% | +3.43% | +343.66 |
| ISHARES 20+ YEAR TREAS BOND (TLT) | -18.24% | +0.12% | +11.81 |
| ISHARES 7-10 YEAR TREASURY (IEF) | -7.02% | +0.04% | +4.42 |
| ISHARES AGGREGATE BOND (AGG) | +1.41% | +0.13% | +13.45 |
| ISHARES IBOXX $ INVEST GRADE COR (LQD) | +5.27% | +0.06% | +5.71 |
| ISHARES 1-3 YEAR TREASURY BOND (SHY) | -0.71% | 0.00% | 0.00 |
| ProShares ETFs | |||
| ULTRASHORT 7-10 YEAR TREASURY PR (PST) | -0.93% | -0.36% | -36.23 |
| ULTRASHORT 20+ YEAR TREASURY PRO (TBT) | +18.05% | -0.17% | -16.81 |
| SHORT QQQ PROSHARES (PSQ) | -40.27% | -2.22% | -222.84 |
| SHORT DOW30 PROSHARES (DOG) | -28.59% | -1.97% | -197.36 |
| SHORT S&P500 PROSHARES (SH) | -32.87% | -2.34% | -234.28 |
| SHORT MIDCAP400 PROSHARES (MYY) | -37.94% | -2.52% | -252.27 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -35.03% | -2.09% | -209.02 |
| SHORT RUSSELL2000 PROSHARES (RWM) | -36.49% | -2.16% | -216.36 |
| ULTRASHORT QQQ PROSHARES (QID) | -66.16% | -4.17% | -418.20 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -51.41% | -4.13% | -414.17 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -57.45% | -4.52% | -453.02 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -64.64% | -4.77% | -478.61 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -62.18% | -4.20% | -421.34 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -63.69% | -3.90% | -391.17 |
| ULTRASHORT RUSSELL1000 VALUE PRO (SJF) | -59.36% | -4.84% | -484.95 |
| ULTRASHORT RUSSELL1000 GROWTH PR (SFK) | -58.51% | -4.24% | -424.81 |
| ULTRASHORT RUSSELL MIDCAP VAL PR (SJL) | -69.62% | -5.59% | -560.44 |
| ULTRASHORT RUSSELL MIDCAP GR PRO (SDK) | -66.94% | -4.47% | -447.68 |
| ULTRASHORT RUSSELL2000 VALUE PRO (SJH) | -63.78% | -4.37% | -437.96 |
| ULTRASHORT RUSSELL2000 GROWTH PR (SKK) | -70.29% | -3.62% | -363.17 |
| ULTRASHORT BASIC MATERIALS PROSH (SMN) | -78.76% | -7.04% | -706.01 |
| ULTRASHORT CONSUMER GOODS PROSHA (SZK) | -45.53% | -3.13% | -314.12 |
| ULTRASHORT CONSUMER SERVICES PRO (SCC) | -58.26% | -3.97% | -398.39 |
| ULTRASHORT FINANCIALS PROSHARES (SKF) | -87.86% | -6.96% | -697.25 |
| ULTRASHORT HEALTH CARE PROSHARES (RXD) | -36.30% | -1.29% | -129.33 |
| ULTRASHORT INDUSTRIALS PROSHARES (SIJ) | -61.48% | -4.57% | -458.15 |
| ULTRASHORT OIL & GAS PROSHARES (DUG) | -55.73% | -3.66% | -366.90 |
| ULTRASHORT REAL ESTATE PROSHARES (SRS) | -87.03% | -9.31% | -933.55 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -73.56% | -6.07% | -608.09 |
| ULTRASHORT TECHNOLOGY PROSHARES (REW) | -70.64% | -4.65% | -465.68 |
| ULTRASHORT UTILITIES PROSHARES (SDP) | -47.89% | -3.79% | -380.23 |
| SHORT MSCI EMERGING MKTS PROSHAR (EUM) | -55.54% | -3.78% | -378.61 |
| SHORT MSCI EAFE PROSHARES (EFZ) | -41.44% | -2.74% | -274.75 |
| ULTRASHORT MSCI EAFE PROSHARES (EFU) | -68.53% | -5.78% | -579.46 |
| ULTRASHORT MSCI EMERGING MKTS PR (EEV) | -82.80% | -7.51% | -753.16 |
| ULTRASHORT MSCI JAPAN PROSHARES (EWV) | -39.62% | -2.39% | -239.38 |
| ULTRASHORT FTSE/XINHUA CHINA25 P (FXP) | -84.87% | -6.83% | -684.83 |
| ULTRA QQQ PROSHARES (QLD) | +126.36% | +4.29% | +429.71 |
| ULTRA DOW30 PROSHARES (DDM) | +60.57% | +3.98% | +399.35 |
| ULTRA S&P500 PROSHARES (SSO) | +75.65% | +4.59% | +459.76 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +89.46% | +4.83% | +484.17 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +66.61% | +4.07% | +407.58 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +67.41% | +4.08% | +408.62 |
| ULTRA RUSSELL1000 VALUE PROSHARE (UVG) | +65.66% | +5.11% | +511.97 |
| ULTRA RUSSELL1000 GROWTH PROSHAR (UKF) | +88.77% | +4.08% | +409.06 |
| ULTRA RUSSELL MIDCAP VALUE PROSH (UVU) | +81.79% | +5.56% | +557.62 |
| ULTRA RUSSELL MIDCAP GROWTH PROS (UKW) | +106.17% | +4.72% | +472.67 |
| ULTRA RUSSELL2000 VALUE PROSHARE (UVT) | +53.45% | +4.44% | +444.54 |
| ULTRA RUSSELL2000 GROWTH PROSHAR (UKK) | +81.10% | +3.48% | +348.35 |
| ULTRA BASIC MATERIALS PROSHARES (UYM) | +153.57% | +7.24% | +726.13 |
| ULTRA CONSUMER GOODS PROSHARES (UGE) | +55.54% | +3.68% | +369.21 |
| ULTRA CONSUMER SERVICES PROSHARE (UCC) | +81.07% | +4.30% | +430.62 |
| ULTRA FINANCIALS PROSHARES (UYG) | +111.36% | +6.85% | +686.79 |
| ULTRA HEALTH CARE PROSHARES (RXL) | +35.97% | +3.08% | +308.80 |
| ULTRA INDUSTRIALS PROSHARES (UXI) | +68.09% | +4.86% | +486.64 |
| ULTRA OIL & GAS PROSHARES (DIG) | +48.08% | +3.66% | +366.57 |
| ULTRA REAL ESTATE PROSHARES (URE) | +46.73% | +9.36% | +938.52 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +132.35% | +5.85% | +586.12 |
| ULTRA TECHNOLOGY PROSHARES (ROM) | +151.68% | +4.45% | +446.42 |
| ULTRA UTILITIES PROSHARES (UPW) | +9.67% | +3.68% | +368.89 |
| Other ETFs | |||
| PS NASDAQ INTERNET (PNQI) | +98.71% | +1.45% | +144.91 |
| PS DB BASE METALS DBLE LONG ETN (BDD) | +163.15% | +0.73% | +73.65 |
| PS DB BASE METALS SHORT ETN (BOS) | -43.57% | -1.59% | -159.48 |
| PS DB CRUDE OIL DBLE SHORT ETN (DTO) | -65.79% | -4.15% | -416.05 |
| PS DB CRUDE OIL SHORT ETN (SZO) | -37.60% | -2.71% | -271.36 |
| PS DB CRUDE OIL LONG ETN (OLO) | +48.91% | +1.64% | +163.95 |
| IPATH S&P GSCI CRUDE OIL TTL RET (OIL) | +40.59% | +2.21% | +221.64 |
| IPATH DJ AIG NATURAL GAS TR SUB- (GAZ) | -44.61% | +1.44% | +144.60 |
| IPATH DJ AIG ENERGY TR SUB-IDX E (JJE) | +8.98% | +1.93% | +193.13 |
| IPATH DJ AIG SOFTS TR SUB-IDX ET (JJS) | +28.62% | -0.57% | -57.46 |
| MV AGRIBUSINESS ETF (MOO) | +58.71% | +2.83% | +283.45 |
| PS GLOBAL AGRICULTURE (PAGG) | +61.64% | +2.33% | +233.20 |
| PS DB AGRICULTURE (DBA) | +3.25% | +0.78% | +78.55 |
| IPATH DJ AIG AGRICULTURE TR SUB- (JJA) | +7.95% | +1.86% | +186.15 |
| ELEMENTS ROGERS INTL COMMODITY A (RJA) | +4.97% | +2.29% | +229.34 |
| IPATH DJ AIG COFFEE TR SUB-IDX E (JO) | +12.63% | +1.26% | +126.72 |
| IPATH DJ AIG COCOA TR SUB-IDX ET (NIB) | +25.00% | -0.49% | -49.46 |
| IPATH DJ AIG COTTON TR SUB-IDX E (BAL) | +26.39% | +1.83% | +182.93 |
| IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG) | +47.10% | -0.03% | -3.18 |
| IPATH DJ AIG ALUMINUM TR SUB-IDX (JJU) | +28.81% | +0.77% | +77.13 |
| IPATH DJ AIG GRAINS TR SUB-IDX E (JJG) | -2.52% | +3.12% | +312.49 |
| IPATH DJ AIG COPPER TR SUB-IDX E (JJC) | +97.98% | +0.86% | +85.96 |
| IPATH DJ AIG LEAD TR SUB-IDX ETN (LD) | +90.71% | -0.65% | -65.21 |
| IPATH DJ AIG NICKEL TR SUB-IDX E (JJN) | +54.62% | +0.50% | +50.45 |
| IPATH DJ AIG TIN TR SUB-IDX ETN (JJT) | +42.22% | +0.20% | +20.09 |
| ULTRASHORT EURO PROSHARES (EUO) | -29.90% | -2.39% | -239.74 |
| ULTRASHORT YEN PROSHARES (YCS) | -4.31% | -0.15% | -14.86 |
| PS DB US DOLLAR INDEX BULLISH (UUP) | -13.74% | -1.27% | -127.32 |
| PS DB US DOLLAR INDEX BEARISH (UDN) | +15.25% | +0.88% | +88.48 |
| MACROSHS HOUSING UP (UMM) | · | +1.48% | +147.85 |
| MACROSHS HOUSING DWN (DMM) | · | -1.88% | -188.90 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10-YE (TYD) | · | +0.56% | +56.14 |
| DIREXION 10Y BEAR (TYO) | · | -0.78% | -78.00 |
| DIREXION DAILY 30Y T (TMF) | · | +0.46% | +45.79 |
| DIREXION DAILY 30Y B (TMV) | · | -0.29% | -28.65 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +114.37% | +6.86% | +687.35 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -75.92% | -6.86% | -687.15 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +134.72% | +7.57% | +759.15 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -63.94% | -7.63% | -764.58 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +86.36% | +5.98% | +599.78 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -81.79% | -5.90% | -590.99 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | +55.97% | +5.77% | +578.40 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -74.77% | -5.46% | -547.35 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +105.92% | +10.41% | +1043.90 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -97.80% | -9.95% | -997.22 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +263.68% | +6.89% | +690.61 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -85.89% | -6.58% | -659.44 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +168.42% | +8.39% | +840.74 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -83.97% | -8.36% | -838.30 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +357.65% | +10.40% | +1042.93 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -94.12% | -11.00% | -1102.90 |
| PROSHARES (UPRO) | · | +6.71% | +672.74 |
| PROSHARES (SPXU) | · | -7.00% | -701.73 |
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Sunday, November 08, 2009
The Ongoing Collapse of the Financial System
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The Jobless "Recovery"
The unemployment rate continues to soar. The headline number---the one the Administration uses because it only counts those who are without a job and have actively sought one in the last four weeks (!)---hit 10.2% in October. The "real" unemployment rate (U-6) hit 17½%. And, the pre-Clinton official unemployment rate hit 22%. 10½ million employees have lost their jobs in this recession so far.
The media's dumbing down over the years is causing them to report nonsensical statements like this one:
The U.S. is currently experiencing the second worst unemployment rate since World War II, still below the 10.8% peak in the 1980s.
The media forgets that a different definition of what constituted "unemployment" held in the 1980s. Today's comparable rate is 22%, more than twice the worst rate seen in the 1980s. But, why single the media out? Dumbing down of the entire population is a well-established trend since at least the Korean War.
According to Greg Weldon (as reported by John Mauldin in his weekly Thoughts From The Front Line),
"Moreover, when we combine the monthly change in the number of Unemployed, with the number Not in the Labor Force, we might consider the result to be a proxy for the actual `change' in the underlying labor market situation ... in which case, October's figure of 817,000 represents the fourth LARGEST yet, behind last month's (September's) second largest figure of 1,021,000 ... for a two-month combined figure of 1.838 million, in newly Unemployed, or no longer `in' the Labor Force ...
"... the second LARGEST two-month total EVER posted, barely trailing the December-08/January-09 total 1.955 million.
"Bottom line ... basis this measure AND the `Total Unemployment Rate,' we could conclude that not only is there NO `improvement' in the labor market, but moreover, that it continues to DETERIORATE, intently."
This negative outlook was cited by the Federal Reserve Bank of Atlanta in their blog: The growing case for a jobless recovery.
We may have reached the "end of jobs" and will never again see the jobs that have been lost in this recession actually return. The percentage of the population on the government paycheck is rapidly rising toward the 67% figure forecast to be reached within a few years by the skilled economists (that is, the very few economists who saw this crisis coming in the first place).
It Isn't Either-Or When It Comes to Blame
Some say the banks created the ongoing crash in the financial system. Some say the government is to blame in addition.
The truth is that the government is run by the banks and the banks are the root cause of the current, ongoing collapse of the financial system. The Fed itself is owned by the private banks. The head of the Fed is not an elected government official, he's simply the conduit through which the shadowy banking giants pass the statements they want the public to hear.
Some think the Fed and the government "prevented" a descent into a Great Depression. No, what they did was to ease the pain and extend the time over which the financial system collapse takes place---all the while transferring trillions of public dollars to private bank vaults. They have made the ultimate cost to the country much greater. But, that is actually a good thing because when the country grinds to a halt, it will be clear who caused it---the private bankers---and what we need to do to rebuild it---destroy the banks.
Like the Twin Towers of 911, which didn't fall immediately after being struck by hijacked airliners in September 2001, the fires are burning in the financial system, searing the steel load-bearing framework of the buildings. When the steel reaches its melting point, the entire financial structure will collapse.
Culture of Corruption
Fourmilog reviews Culture of Corruption, describing it thusly:
This excellent book is essential to understanding what is presently going on in the United States. The author digs into the backgrounds and interconnections of the Obamas, the Clintons, their associates, the members of the Obama administration, and the web of shady organisations which surround them such as the Service Employees International Union (SEIU) and ACORN, and demonstrates, beyond a shadow of a doubt, that the United States is now ruled by a New Class of political operatives entirely distinct from the productive class which supports them and the ordinary citizens they purport to serve.
His analysis is right on the mark:
And this, it seems to me, completes the picture of the most probable future trajectory of the United States. To some people Obama is the Messiah, and to others he is an American Lenin, but I think both of those views miss the essential point. He is, I concluded while reading this book, an American Juan Perón, a charismatic figure (with a powerful and ambitious wife) who champions the cause of the "little people" while amassing power and wealth to reward the cronies who keep the game going, looting the country (Argentina was the 10th wealthiest nation per capita in 1913) for the benefit of the ruling class, and setting the stage for economic devastation, political instability, and hyperinflation. It's pretty much the same game as Chicago under mayors Daley, but played out on a national scale. Adam Smith wrote, "There is a great deal of ruin in a nation", but as demonstrated here, there is a great deal of ruination in the New Class Obama has installed in the Executive branch in Washington.
Would A Gold Standard Have Prevented This Financial Catastrophe?
As much as the Gold bugs would like to have you believe that a "sound money policy" based upon Gold would have prevented the excesses of bankers, the truth is that, absent the elimination of the fractional reserve banking system, nothing would be different under a Gold standard.
You see, private banks operate as a legalized scam operation. If anyone other than a bank operated this way, they would be guilty of fraud punishable by a considerable quantity of jail time.
The scam is based upon the concept of the counterfeit warehouse receipt. Let's assume we had a Gold standard, which means that all money which is in circulation represents a warehouse receipt for a certain amount of Gold on deposit with the central bank. If the fractional reserve system were still in effect, which it certainly would be if the bankers had their way, there would be nothing to stop the kind of bubbles which have pushed the financial system and our government to the brink of disaster.
Let's use a concrete example. The bank starts off with zero deposits. Let's say that you are the first depositor and you take 100 kilograms of Gold and deposit it in your bank. For convenience, assume that Gold is priced at $1000 per kilogram for the purpose of this example. The banker hands you a warehouse receipt---a bank draft---for 100 kilograms of Gold in the amount of 100 kg × $1000 = $100,000. At this point, the bank has your $100,000 worth of Gold and you have a bank draft for $100,000 which you can use for whatever purpose. You then deposit the draft in your bank account and proceed to write checks to pay your bills out of your checking account.
Now, let's say that a borrower comes to the banker and borrows $100,000. The banker hands him a bank draft for $100,000 and he deposits the bank draft in his checking account at the same bank (to make the example simple, we use the same bank for deposits, but the example would be just as valid if he deposited the check in another bank that is part of the same banking system using a common clearinghouse). At this point, both you and the first borrower have a total of $200,000 on deposit at the bank. But, absent other deposits (there have not been any in this example), there is only $100,000 in Gold on deposit in the possession of the bank.
You see what has happened here, right? The banker has issued a fraudulent receipt to the borrower. He loaned money for which no Gold backed the transaction. This is all a legal scam under the fractional reserve banking system which we operate under today. It works because not everyone with an account in the banking system decides to pull their money out of the bank at the same time. Money circulates around the banking system. As long as it stays within the banking system, everything balances.
The banker might loan other borrowers the same $100,000. Let's say we have a total of nine borrowers, each of whom has borrowed $100,000. The bank has $100,000 worth of Gold, but has issued $900,000 worth of phony warehouse receipts for the same quantity of Gold---and one "real" receipt. And, they get away with it because everyone deposits their bank drafts in their bank accounts. The scam would collapse if the money could leave the banking system, obviously.
As you can see, the problem with our banking system is that it's built upon a scam of counterfeit warehouse receipts. There is $1,000,000 in circulation, but it is backed up only by $100,000 of Gold. Assuming the loans are all paid back, with interest, the banker stands to make interest profits on $900,000 worth of loans, which are backed up only by $100,000 of real money. For example, if the banker charged 20% per annum interest, he would "earn" interest on the $900,000 in loans he made, or $180,000. This is where banks can make enormous profits. This is almost twice as much in interest as the initial deposit on which all of these loans are based!
Now, in our example, the banker only issued nine phony warehouse receipts. What if, instead, he issued 99 phony warehouse receipts instead? In that case, he stands to make far more interest income ($9,900,000 × 20% per annum = $1,980,000). This is what leverage in the banking business is all about. The more phony warehouse receipts the banker can issue for the same real money, the grander are the profits---assuming the loans actually do get paid back.
As long as the banker is allowed to engage in this scam, there is the possibility of a financial collapse. For example, using the original example of nine borrowers, let's say that just one of those borrowers decides not to pay his loan back and immediately removes his $100,000 from his bank account right after getting the loan, buys Gold with it and absconds with it to Brazil (we assume that Brazil refuses to confiscate the money and/or return the fugitive to face justice in the United States). The $100,000 credited to that borrower now becomes a loss which the bank must make up. But, $100,000 is all the bank had on deposit in the first place, so this loss completely wipes out the bank (assuming this occurs at the beginning of the year and no interest payments from the other borrowers have been received by the bank). Since the other nine persons (you and the eight borrowers who did not default on their loans) have accounts which say that they have a total of $900,000 on deposit in the bank, the government is now required, via FDIC Insurance, to issue $900,000 in real money (Gold) to these account holders.
The moral of the story is that the banker gambled and lost, but the public ends up paying far more real money to make up for the loss simply because of the fractional reserve banking system. If we are ever to have a sound money system, we must eliminate the private banker and criminalize an activity that is, for all intents and purposes other than under the letter of the law, an outright scam. Instituting a Gold standard will not automatically prevent the meltdown we've seen in the banking system. The only way to prevent a meltdown is to require the bank to only lend money on a one-for-one basis. In other words, the banker should only be able to lend $100,000 if he only has $100,000 in Gold on deposit in the vault.
You may ask, "Why do we have to eliminate the banks completely? Don't they serve a
useful purpose?" The answer is that private banks are a cancer on the financial system and
they eventually will destroy it.
Don't take our word for it. Robert A. Heinlein's first novel, For Us, The Living, describes
exactly why our financial system is doomed to fail.
Robert A. Heinlein was called the "Dean of Science Fiction" and lived from 1907 to 1988. But, his first novel was never published in his lifetime. It was too far ahead of his time. We consider it to be his most important book, so it's not surprising that it was suppressed from publication in the late 1930's. One remaining manuscript copy was discovered in 2003, packed away in a cardboard box of college papers of a student who had been given the copy to review for a biography of Heinlein that was never finished.
That manuscript was edited and published that same year. It's called For Us, The Living---A Comedy of Customs and, in it, Heinlein points out the problems with our system (our customs) and the kind of system we should have. As we said, it was too far ahead of its time to be published in the year it was written, in 1938. But, perhaps, now is the right time for this book to inspire us to rebuild our society after the changes that are coming in the next few decades.
One of the most relevant topics the book covers is our current financial system and the reasons why it is doomed to ultimate failure. And, it presents a system which resolves those problems, so it not only foresaw the current financial meltdown, but it proposes a real solution that we might be able to implement if the Powers-That-Be are removed from control.
The book is tutorial in nature, similar to H.G. Wells' When the Sleeper Wakes, and was clearly not the kind of material publishers wanted to print for the public. Heinlein learned a lesson from writing the book---the public wants to be told an engaging story, not preached to. He went on to become a great storyteller, all the while "mining" this first novel for some of his characters and concepts. But, for us, the living, we need answers now. There are plenty of stories we can listen to. What we need now are solutions which work.
The book sells for $7.99 new. Considering the explanation of how our financial system is broken in this book, that's like the price the Dutch settlers paid for Manhattan Island!
Herd On The Street
The Price-Earnings Ratio of the S&P 500 Index is currently 138.
Change From 20 Jan 2009 and 5 Nov 2009 To 6 Nov 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 5 Nov 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +26.10% | +0.17% | +17.46 |
| DIAMONDS TRUST SERIES 1 (DIA) | +26.39% | +0.21% | +20.98 |
| ULTRA DOW30 PROSHARES (DDM) | +54.41% | +0.55% | +54.77 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -49.31% | -0.34% | -33.82 |
| S&P 500 (index) | +32.80% | +0.25% | +25.05 |
| S&P SPDRS (SPY) | +32.97% | +0.26% | +26.22 |
| ULTRA S&P500 PROSHARES (SSO) | +67.94% | +0.57% | +57.34 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -55.43% | -0.56% | -56.53 |
| NYSE Composite (index) | +37.57% | +0.12% | +11.73 |
| ISHARES NYSE COMPOSITE INDEX (NYC) | +37.78% | +0.13% | +12.57 |
| S&P SmallCap 600 (index) | +33.06% | -0.22% | -22.11 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +60.10% | +0.19% | +18.87 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -33.64% | -0.14% | -14.05 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -60.52% | -0.19% | -18.94 |
| Russell 2000 (index) | +33.82% | -0.14% | -14.29 |
| ISHARES RUSSELL 2000 INDEX (IWM) | +34.04% | +0.07% | +6.90 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +60.85% | +0.04% | +4.08 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -62.22% | -0.40% | -39.89 |
| NASDAQ-100 (index) | +52.25% | +0.54% | +54.36 |
| POWERSHARES QQQ (QQQQ) | +52.36% | +0.59% | +59.07 |
| ULTRA QQQ PROSHARES (QLD) | +117.05% | +1.24% | +123.80 |
| ULTRASHORT QQQ PROSHARES (QID) | -64.69% | -1.28% | -128.51 |
| S&P MidCap 400 (index) | +40.26% | -0.15% | -14.96 |
| ISHARES S&P MIDCAP 400 INDEX (IJH) | +40.53% | -0.35% | -35.18 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +80.73% | -0.38% | -37.87 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -62.87% | +0.35% | +35.37 |
| GREENHAVEN CONTINUOUS COMMODITY (GCC) | +17.68% | -1.50% | -149.64 |
| Amex Gold (index) | +54.49% | +2.04% | +203.76 |
| MV GOLD MINERS ETF (GDX) | +54.21% | +1.93% | +192.75 |
| SPDR GOLD SHARES (GLD) | +27.11% | +0.42% | +42.09 |
| ULTRA GOLD PROSHARES (UGL) | +50.45% | +0.82% | +82.51 |
| ULTRASHORT GOLD PROSHARES (GLL) | -46.70% | -0.94% | -93.60 |
| IPATH DJ AIG PLATINUM TR SUB-IDX (PGM) | +49.63% | +0.06% | +5.80 |
| PS DB GOLD DOUBLE SHORT ETN (DZZ) | -42.19% | -1.05% | -105.40 |
| PS DB GOLD DOUBLE LONG ETN (DGP) | +55.26% | +0.75% | +74.67 |
| ULTRA SILVER PROSHARES (AGQ) | +103.83% | -0.39% | -39.08 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -72.92% | -0.21% | -21.15 |
| Semiconductor Sector (index) | +51.58% | -0.50% | -50.15 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +119.51% | +0.32% | +31.73 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -71.86% | 0.00% | 0.00 |
| ISHARES DJ US FINANCIAL SECTOR (IYF) | +62.45% | -0.31% | -31.45 |
| ISHARES 20+ YEAR TREAS BOND (TLT) | -18.33% | +0.10% | +9.66 |
| ISHARES 7-10 YEAR TREASURY (IEF) | -7.06% | +0.30% | +29.84 |
| ISHARES AGGREGATE BOND (AGG) | +1.27% | +0.09% | +8.64 |
| ISHARES IBOXX $ INVEST GRADE COR (LQD) | +5.21% | +0.27% | +26.67 |
| ISHARES 1-3 YEAR TREASURY BOND (SHY) | -0.71% | +0.07% | +7.16 |
| ProShares ETFs | |||
| ULTRASHORT 7-10 YEAR TREASURY PR (PST) | -0.57% | -0.62% | -62.43 |
| ULTRASHORT 20+ YEAR TREASURY PRO (TBT) | +18.25% | -0.27% | -27.20 |
| SHORT QQQ PROSHARES (PSQ) | -38.91% | -0.57% | -56.88 |
| SHORT DOW30 PROSHARES (DOG) | -27.16% | -0.31% | -30.92 |
| SHORT S&P500 PROSHARES (SH) | -31.26% | -0.29% | -28.92 |
| SHORT MIDCAP400 PROSHARES (MYY) | -36.34% | +0.17% | +16.82 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -33.64% | -0.14% | -14.05 |
| SHORT RUSSELL2000 PROSHARES (RWM) | -35.09% | -0.15% | -14.52 |
| ULTRASHORT QQQ PROSHARES (QID) | -64.69% | -1.28% | -128.51 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -49.31% | -0.34% | -33.82 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -55.43% | -0.56% | -56.53 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -62.87% | +0.35% | +35.37 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -60.52% | -0.19% | -18.94 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -62.22% | -0.40% | -39.89 |
| ULTRASHORT RUSSELL1000 VALUE PRO (SJF) | -57.29% | -0.40% | -39.89 |
| ULTRASHORT RUSSELL1000 GROWTH PR (SFK) | -56.67% | -0.58% | -57.72 |
| ULTRASHORT RUSSELL MIDCAP VAL PR (SJL) | -67.82% | -0.22% | -22.46 |
| ULTRASHORT RUSSELL MIDCAP GR PRO (SDK) | -65.40% | -0.33% | -32.75 |
| ULTRASHORT RUSSELL2000 VALUE PRO (SJH) | -62.13% | +0.06% | +6.21 |
| ULTRASHORT RUSSELL2000 GROWTH PR (SKK) | -69.17% | -0.59% | -59.36 |
| ULTRASHORT BASIC MATERIALS PROSH (SMN) | -77.15% | -0.49% | -49.39 |
| ULTRASHORT CONSUMER GOODS PROSHA (SZK) | -43.77% | -0.73% | -73.49 |
| ULTRASHORT CONSUMER SERVICES PRO (SCC) | -56.53% | -1.60% | -159.78 |
| ULTRASHORT FINANCIALS PROSHARES (SKF) | -86.95% | +0.77% | +77.51 |
| ULTRASHORT HEALTH CARE PROSHARES (RXD) | -35.47% | -0.59% | -59.24 |
| ULTRASHORT INDUSTRIALS PROSHARES (SIJ) | -59.63% | -1.86% | -186.11 |
| ULTRASHORT OIL & GAS PROSHARES (DUG) | -54.04% | +0.39% | +39.12 |
| ULTRASHORT REAL ESTATE PROSHARES (SRS) | -85.70% | +3.13% | +313.63 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -71.86% | 0.00% | 0.00 |
| ULTRASHORT TECHNOLOGY PROSHARES (REW) | -69.21% | -0.22% | -22.44 |
| ULTRASHORT UTILITIES PROSHARES (SDP) | -45.84% | +0.73% | +73.21 |
| SHORT MSCI EMERGING MKTS PROSHAR (EUM) | -53.79% | +0.05% | +4.85 |
| SHORT MSCI EAFE PROSHARES (EFZ) | -39.78% | -0.33% | -33.34 |
| ULTRASHORT MSCI EAFE PROSHARES (EFU) | -66.60% | -0.17% | -17.20 |
| ULTRASHORT MSCI EMERGING MKTS PR (EEV) | -81.40% | +0.24% | +24.05 |
| ULTRASHORT MSCI JAPAN PROSHARES (EWV) | -38.15% | +1.10% | +110.17 |
| ULTRASHORT FTSE/XINHUA CHINA25 P (FXP) | -83.76% | -0.12% | -12.41 |
| ULTRA QQQ PROSHARES (QLD) | +117.05% | +1.24% | +123.80 |
| ULTRA DOW30 PROSHARES (DDM) | +54.41% | +0.55% | +54.77 |
| ULTRA S&P500 PROSHARES (SSO) | +67.94% | +0.57% | +57.34 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +80.73% | -0.38% | -37.87 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +60.10% | +0.19% | +18.87 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +60.85% | +0.04% | +4.08 |
| ULTRA RUSSELL1000 VALUE PROSHARE (UVG) | +57.61% | +0.19% | +18.79 |
| ULTRA RUSSELL1000 GROWTH PROSHAR (UKF) | +81.37% | +0.55% | +54.55 |
| ULTRA RUSSELL MIDCAP VALUE PROSH (UVU) | +72.21% | +0.65% | +64.82 |
| ULTRA RUSSELL MIDCAP GROWTH PROS (UKW) | +96.88% | +0.33% | +32.52 |
| ULTRA RUSSELL2000 VALUE PROSHARE (UVT) | +46.94% | -0.47% | -47.32 |
| ULTRA RUSSELL2000 GROWTH PROSHAR (UKK) | +75.02% | +0.64% | +63.97 |
| ULTRA BASIC MATERIALS PROSHARES (UYM) | +136.44% | +0.57% | +57.18 |
| ULTRA CONSUMER GOODS PROSHARES (UGE) | +50.02% | +0.51% | +50.80 |
| ULTRA CONSUMER SERVICES PROSHARE (UCC) | +73.61% | +2.16% | +216.20 |
| ULTRA FINANCIALS PROSHARES (UYG) | +97.80% | -1.10% | -109.96 |
| ULTRA HEALTH CARE PROSHARES (RXL) | +31.91% | +0.69% | +68.97 |
| ULTRA INDUSTRIALS PROSHARES (UXI) | +60.30% | +1.60% | +159.78 |
| ULTRA OIL & GAS PROSHARES (DIG) | +42.86% | -0.51% | -51.20 |
| ULTRA REAL ESTATE PROSHARES (URE) | +34.17% | -2.73% | -273.39 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +119.51% | +0.32% | +31.73 |
| ULTRA TECHNOLOGY PROSHARES (ROM) | +140.95% | +0.22% | +22.22 |
| ULTRA UTILITIES PROSHARES (UPW) | +5.78% | +0.06% | +6.04 |
| Other ETFs | |||
| PS NASDAQ INTERNET (PNQI) | +95.87% | +1.51% | +151.03 |
| PS DB BASE METALS DBLE LONG ETN (BDD) | +161.23% | -1.38% | -137.76 |
| PS DB BASE METALS LONG ETN (BDG) | +59.31% | -0.91% | -90.96 |
| PS DB CRUDE OIL DBLE SHORT ETN (DTO) | -64.31% | +6.11% | +611.85 |
| PS DB CRUDE OIL SHORT ETN (SZO) | -35.87% | +3.30% | +329.70 |
| PS DB CRUDE OIL LONG ETN (OLO) | +46.51% | -2.39% | -239.62 |
| IPATH S&P GSCI CRUDE OIL TTL RET (OIL) | +37.55% | -2.74% | -274.54 |
| IPATH DJ AIG NATURAL GAS TR SUB- (GAZ) | -45.40% | -3.37% | -337.69 |
| IPATH DJ AIG ENERGY TR SUB-IDX E (JJE) | +6.92% | -2.81% | -281.07 |
| MV AGRIBUSINESS ETF (MOO) | +54.35% | +0.20% | +20.07 |
| PS GLOBAL AGRICULTURE (PAGG) | +57.96% | +0.49% | +49.25 |
| PS DB AGRICULTURE (DBA) | +2.45% | -1.73% | -173.38 |
| IPATH DJ AIG AGRICULTURE TR SUB- (JJA) | +5.98% | -1.82% | -182.44 |
| ELEMENTS ROGERS INTL COMMODITY A (RJA) | +2.62% | -1.98% | -198.01 |
| IPATH DJ AIG COFFEE TR SUB-IDX E (JO) | +11.22% | -2.56% | -256.19 |
| IPATH DJ AIG COCOA TR SUB-IDX ET (NIB) | +25.62% | -0.37% | -36.89 |
| IPATH DJ AIG COTTON TR SUB-IDX E (BAL) | +24.13% | -1.65% | -165.34 |
| IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG) | +47.15% | -2.34% | -234.28 |
| IPATH DJ AIG ALUMINUM TR SUB-IDX (JJU) | +27.82% | -1.05% | -105.21 |
| IPATH DJ AIG GRAINS TR SUB-IDX E (JJG) | -5.47% | -2.35% | -234.92 |
| IPATH DJ AIG COPPER TR SUB-IDX E (JJC) | +96.30% | -0.56% | -56.08 |
| IPATH DJ AIG LEAD TR SUB-IDX ETN (LD) | +91.96% | -1.43% | -143.13 |
| IPATH DJ AIG NICKEL TR SUB-IDX E (JJN) | +53.84% | -2.42% | -241.93 |
| IPATH DJ AIG TIN TR SUB-IDX ETN (JJT) | +41.93% | -2.16% | -215.81 |
| ULTRASHORT EURO PROSHARES (EUO) | -28.18% | +0.86% | +86.21 |
| ULTRASHORT YEN PROSHARES (YCS) | -4.17% | -1.32% | -131.72 |
| PS DB US DOLLAR INDEX BULLISH (UUP) | -12.63% | -0.48% | -47.98 |
| PS DB US DOLLAR INDEX BEARISH (UDN) | +14.24% | +0.04% | +3.53 |
| MACROSHS HOUSING UP (UMM) | · | +1.36% | +136.40 |
| MACROSHS HOUSING DWN (DMM) | · | -0.65% | -65.00 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10-YE (TYD) | · | +0.85% | +84.78 |
| DIREXION 10Y BEAR (TYO) | · | -0.71% | -71.24 |
| DIREXION DAILY 30Y T (TMF) | · | +0.59% | +58.75 |
| DIREXION DAILY 30Y B (TMV) | · | -0.19% | -18.56 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +100.62% | +0.79% | +79.43 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -74.15% | -0.84% | -83.79 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +118.19% | -0.12% | -11.84 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -60.97% | -0.13% | -12.87 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +75.84% | +0.36% | +35.64 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -80.65% | -0.54% | -54.04 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | +47.46% | -1.74% | -173.73 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -73.32% | +1.38% | +138.49 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +86.50% | -1.11% | -111.25 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -97.56% | +0.99% | +98.65 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +240.24% | +0.33% | +32.81 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -84.89% | -0.70% | -69.73 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +147.65% | +0.53% | +53.49 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -82.51% | -0.60% | -59.84 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +314.52% | +0.76% | +76.28 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -93.40% | -0.16% | -16.17 |
| PROSHARES (UPRO) | · | +0.98% | +97.74 |
| PROSHARES (SPXU) | · | -0.98% | -98.42 |
Additional stock market commentary -- for subscribers only -- can be found here: Subscriber Notes (if you're reading this in plain text format or on the blog, visit the MyClues Home Page and click on "Subscriber Notes" in the Quick Links section at the top of the page).
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Friday, November 06, 2009
Finance's Euphoria: The Epilogue -- What Record High Dollar Volume of Trading Says About Confidence
Finance's Euphoria: The Epilogue -- What Record High Dollar Volume of Trading Says About Confidence
November 6, 2009
The following article was adapted from the November 2009 Elliott Wave Financial Forecast and reprinted with permission here. Until Nov. 11, you can read the rest of this brand-new report for free, during Elliott Wave International's FreeWeek of U.S. forecasts. Learn more about FreeWeek, and download the rest of this report and others for free here.
By Steve Hochberg and Pete Kendall
When Wall Street’s total value of assets rose to a “mind-boggling 36.6 percent of GDP” in late 2006, The Elliott Wave Financial Forecast published a chart of U.S. financial assets literally rising off the page.
The Financial Forecast observed that financial engineers had “found a new object of investor affections—themselves” and asserted that “the financial industry’s position so close to the center of the mania can mean only one thing; it is only a matter of time” before a massive reversal grabbed hold. Financial indexes hit their all-time peak within a matter of weeks, in February. The major stock indexes joined the topping process in October 2007 and in December 2007 the economy followed. Subscribers will recall that one of the most important clues to the unfolding disaster was the level of financial exuberance relative to the fundamental economic performance.
This chart of the value of U.S. trading volume (courtesy of Alan Newman at www.cross-currents.net) reveals that the imbalance is far from corrected.
Incredibly, total dollar trading volume is even higher now than it was in 2007 when the economy was humming along. In June 2008, dollar trading volume also defied an initial thrust lower in stocks and the economy, eliciting this comment from the Financial Forecast:
The chart of dollar trading relative to GDP shows how much more willing investors are to trade shares in companies that operate in an economic environment that is anemic compared to that of the mid-1960s. A basic implication of the Wave Principle is that the public will always show up at the end of a rally, just in time to get clobbered. This chart shows that it is happening in a big, big way now because the market is at the precipice of the biggest decline in a long, long time.
Total dollar volume continues to rise despite further fundamental financial deterioration. Yes, GDP experienced a one-quarter, clunker-aided uptick of 3.5 percent in the third quarter. But the economy is in far worse shape than it was when we made the above statement. In fact, its recent performance on top of the decades-long economic underperformance (which is discussed extensively in Chapter 1 and Appendix E of the new edition of Robert Prechter's Conquer the Crash) means that industrial production just experienced its worst decade since 1930-1939. Total manufacturing employment slipped to 11.7 million people, its lowest level since May 1941 when it was 33 percent of all jobs. According to Bianco Research, manufacturing now accounts for only about 9 percent of the workforce. Finance anchors the economy now, which makes it far more susceptible to non-rational dynamics.
As Prechter and Parker explain in “The Financial/Economic Dichotomy” (May 2007, Journal of Behavioral Finance), a financial system is not bound by the laws of supply and demand in the same way that an industrial economy is. In finance, confidence and fear rule decisions. “In the financial context,” say Prechter and Parker, “knowing what you think is not enough; you have to try to guess what everyone else will think.”
We do know one thing: When everyone is thinking the same, the opposite will happen.
Right now, record high dollar volume of trading shows that confidence, at least on this basis, has reached a new historic extreme.
…
Read the rest of the 10-page November 2009 Elliott Wave Financial Forecast now, when you signup for Elliott Wave International's FreeWeek of U.S. forecasts. FreeWeek ends Nov. 11, so please act now to get an enormous wealth of current market analysis and forecasts -- for free. Learn more about FreeWeek, and download the rest of this report and others for free here.
Steve Hochberg and Pete Kendall are co-editors of the Elliott Wave Financial Forecast.
Unemployment Rate Hits 22%
Exciting News: Our friends over at Elliott Wave International are offering Robert Prechter's latest monthly market letter, The Elliott Wave Theorist, for free along with the firm's most popular U.S. analysis and forecasting publications. You can now download, print and read dozens of chart-filled pages of current analysis for U.S. stocks, the economy, precious metals, bonds, U.S. dollar and more -- and it's all free for one week only. This opportunity ends Nov. 11. Learn more about FreeWeek, and get your free reports here.
The government reported that the unemployment rate hit 10.2% on Friday. However, using the government's own definition of unemployment used prior to the Clinton Administration, the real unemployment rate hit 22%, almost as high as the peak unemployment rate during the Great Depression.
This is what you get when you have banks running the country.
President Obama is a figurehead elected by the people. The people have no power. All power is held by the banks, which make all of the decisions affecting this country. And, this is the kind of country you get when you allow the stupidest segment of the country to run it.
But, this is the way the American people want it. We get the government we deserve. Because we have failed to overthrow the banks, we are subjugated to their vision of what this country must be.
Thursday, November 05, 2009
Government Misdirection Using an Unconstitutional Law
Exciting News: Our friends over at Elliott Wave International are offering Robert Prechter's latest monthly market letter, The Elliott Wave Theorist, for free along with the firm's most popular U.S. analysis and forecasting publications. You can now download, print and read dozens of chart-filled pages of current analysis for U.S. stocks, the economy, precious metals, bonds, U.S. dollar and more -- and it's all free for one week only. This opportunity ends Nov. 11. Learn more about FreeWeek, and get your free reports here.
The government is trying to deflect criticism about their complicity in the theft of trillions from the Treasury by arresting hedge fund managers and traders on violations of the insider trading laws. But, no matter how you feel about the morality of trading on inside information, any reasonable American has to realize that the laws making such trading illegal are simply unconstitutional. The US Constitution protects free speech and such Congressional meddling is simply a violation of the constitution.
But, of course, the bankers have proved for all to see that flaunting the constitution is easy to do---they don't have the right to create money and set its value, only the Congress has that right, yet banks do that every day they're open. The constitution has been a shredded document for a very long time and is basically irrelevant to the functioning of government today.
If you want to trade using inside information, it's very easy to defeat this unconstitutional law. When considering relaying inside information---information not publically disclosed---instead, simply talk about how such-and-such technical indicator or system has given a buy or sell signal. For example, let's say you work in the New York Attorney General's office and have non-disclosed information about the Attorney General's preparations to file a suit against Intel. Simply say something like, "Money flow is diverging bearishly and that makes Intel a strong sell." They'll never be able to enforce that unconstitutional law if you stick with technical analysis.
This also shows how invalid such a law which violates the constitutional protection of free speech really is. It can be defeated easily if you just phrase your communications properly.
This example just happens to be true. Money flow did bearishly-diverge on Intel weeks before the suit was publically-disclosed. Whether it was insider trading or not, we don't know. A lot of this kind of insider trading does show up if you do the math. It's also a good idea to simply stick with technical analysis and shun the use of inside information. Usually, there's some other insider who's trading on the information and their market tracks will show up using technical analysis anyway, so why take the chance on getting caught even if the law is unconstitutional?
By the way, trading on inside information is only illegal in the United States. How's that for irony---free speech is unlawful in the so-called "Land of the Free"?
Herd On The Street
The Price-Earnings Ratio of the S&P 500 Index is currently 138.
Change From 20 Jan 2009 and 4 Nov 2009 To 5 Nov 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 4 Nov 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +25.88% | +2.08% | +203.82 |
| DIAMONDS TRUST SERIES 1 (DIA) | +26.13% | +2.03% | +198.70 |
| ULTRA DOW30 PROSHARES (DDM) | +53.57% | +4.01% | +393.20 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -49.14% | -4.18% | -409.87 |
| S&P 500 (index) | +32.46% | +1.92% | +188.55 |
| S&P SPDRS (SPY) | +32.62% | +1.84% | +180.31 |
| ULTRA S&P500 PROSHARES (SSO) | +66.99% | +3.78% | +370.17 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -55.18% | -3.76% | -368.25 |
| NYSE Composite (index) | +37.41% | +1.75% | +171.79 |
| ISHARES NYSE COMPOSITE INDEX (NYC) | +37.61% | +1.66% | +162.69 |
| S&P SmallCap 600 (index) | +33.31% | +2.92% | +285.93 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +59.80% | +5.32% | +521.85 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -33.55% | -2.69% | -263.35 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -60.45% | -5.51% | -540.51 |
| Russell 2000 (index) | +34.00% | +3.19% | +312.97 |
| ISHARES RUSSELL 2000 INDEX (IWM) | +33.95% | +3.18% | +311.93 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +60.79% | +6.19% | +607.06 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -62.07% | -6.17% | -605.00 |
| NASDAQ-100 (index) | +51.47% | +2.44% | +239.12 |
| POWERSHARES QQQ (QQQQ) | +51.47% | +2.47% | +241.91 |
| ULTRA QQQ PROSHARES (QLD) | +114.40% | +4.84% | +474.26 |
| ULTRASHORT QQQ PROSHARES (QID) | -64.23% | -4.97% | -486.81 |
| S&P MidCap 400 (index) | +40.47% | +2.35% | +230.09 |
| ISHARES S&P MIDCAP 400 INDEX (IJH) | +41.02% | +2.49% | +244.28 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +81.41% | +4.79% | +469.28 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -63.00% | -4.75% | -465.72 |
| GREENHAVEN CONTINUOUS COMMODITY (GCC) | +19.46% | -0.86% | -84.14 |
| Amex Gold (index) | +51.41% | +0.24% | +23.91 |
| MV GOLD MINERS ETF (GDX) | +51.30% | +0.41% | +40.03 |
| SPDR GOLD SHARES (GLD) | +26.57% | -0.11% | -10.98 |
| ULTRA GOLD PROSHARES (UGL) | +49.22% | -0.11% | -10.91 |
| ULTRASHORT GOLD PROSHARES (GLL) | -46.20% | +0.28% | +27.59 |
| IPATH DJ AIG PLATINUM TR SUB-IDX (PGM) | +49.54% | -0.86% | -84.50 |
| PS DB GOLD DOUBLE SHORT ETN (DZZ) | -41.58% | +0.46% | +45.38 |
| PS DB GOLD DOUBLE LONG ETN (DGP) | +54.11% | -0.11% | -10.96 |
| ULTRA SILVER PROSHARES (AGQ) | +104.63% | -0.11% | -11.15 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -72.86% | +0.21% | +20.77 |
| Semiconductor Sector (index) | +52.34% | +2.12% | +207.94 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +118.82% | +4.91% | +480.94 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -71.86% | -5.29% | -518.45 |
| ISHARES DJ US FINANCIAL SECTOR (IYF) | +62.96% | +2.31% | +226.54 |
| ISHARES 20+ YEAR TREAS BOND (TLT) | -18.41% | 0.00% | 0.00 |
| ISHARES 7-10 YEAR TREASURY (IEF) | -7.34% | +0.02% | +2.17 |
| ISHARES AGGREGATE BOND (AGG) | +1.18% | +0.26% | +25.45 |
| ISHARES IBOXX $ INVEST GRADE COR (LQD) | +4.94% | +0.07% | +6.54 |
| ISHARES 1-3 YEAR TREASURY BOND (SHY) | -0.78% | +0.10% | +9.36 |
| ProShares ETFs | |||
| ULTRASHORT 7-10 YEAR TREASURY PR (PST) | +0.06% | -0.04% | -3.71 |
| ULTRASHORT 20+ YEAR TREASURY PRO (TBT) | +18.57% | +0.21% | +20.54 |
| SHORT QQQ PROSHARES (PSQ) | -38.56% | -2.54% | -249.38 |
| SHORT DOW30 PROSHARES (DOG) | -26.93% | -2.08% | -204.10 |
| SHORT S&P500 PROSHARES (SH) | -31.06% | -1.95% | -191.01 |
| SHORT MIDCAP400 PROSHARES (MYY) | -36.45% | -2.40% | -235.16 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -33.55% | -2.69% | -263.35 |
| SHORT RUSSELL2000 PROSHARES (RWM) | -35.00% | -3.05% | -299.36 |
| ULTRASHORT QQQ PROSHARES (QID) | -64.23% | -4.97% | -486.81 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -49.14% | -4.18% | -409.87 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -55.18% | -3.76% | -368.25 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -63.00% | -4.75% | -465.72 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -60.45% | -5.51% | -540.51 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -62.07% | -6.17% | -605.00 |
| ULTRASHORT RUSSELL1000 VALUE PRO (SJF) | -57.12% | -3.85% | -377.38 |
| ULTRASHORT RUSSELL1000 GROWTH PR (SFK) | -56.42% | -4.04% | -396.33 |
| ULTRASHORT RUSSELL MIDCAP VAL PR (SJL) | -67.75% | -4.03% | -395.10 |
| ULTRASHORT RUSSELL MIDCAP GR PRO (SDK) | -65.28% | -4.56% | -447.08 |
| ULTRASHORT RUSSELL2000 VALUE PRO (SJH) | -62.15% | -5.95% | -583.15 |
| ULTRASHORT RUSSELL2000 GROWTH PR (SKK) | -68.99% | -5.79% | -567.39 |
| ULTRASHORT BASIC MATERIALS PROSH (SMN) | -77.03% | -5.94% | -582.49 |
| ULTRASHORT CONSUMER GOODS PROSHA (SZK) | -43.36% | -3.74% | -366.89 |
| ULTRASHORT CONSUMER SERVICES PRO (SCC) | -55.82% | -2.39% | -234.70 |
| ULTRASHORT FINANCIALS PROSHARES (SKF) | -87.05% | -4.76% | -466.42 |
| ULTRASHORT HEALTH CARE PROSHARES (RXD) | -35.08% | -1.89% | -185.04 |
| ULTRASHORT INDUSTRIALS PROSHARES (SIJ) | -58.87% | -5.45% | -534.05 |
| ULTRASHORT OIL & GAS PROSHARES (DUG) | -54.22% | -3.03% | -297.26 |
| ULTRASHORT REAL ESTATE PROSHARES (SRS) | -86.13% | -4.35% | -426.59 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -71.86% | -5.29% | -518.45 |
| ULTRASHORT TECHNOLOGY PROSHARES (REW) | -69.14% | -4.29% | -420.84 |
| ULTRASHORT UTILITIES PROSHARES (SDP) | -46.23% | -3.49% | -342.25 |
| SHORT MSCI EMERGING MKTS PROSHAR (EUM) | -53.82% | -2.16% | -211.42 |
| SHORT MSCI EAFE PROSHARES (EFZ) | -39.58% | -1.28% | -125.73 |
| ULTRASHORT MSCI EAFE PROSHARES (EFU) | -66.55% | -3.12% | -305.51 |
| ULTRASHORT MSCI EMERGING MKTS PR (EEV) | -81.44% | -4.37% | -428.14 |
| ULTRASHORT MSCI JAPAN PROSHARES (EWV) | -38.82% | -1.39% | -136.30 |
| ULTRASHORT FTSE/XINHUA CHINA25 P (FXP) | -83.74% | -4.39% | -430.22 |
| ULTRA QQQ PROSHARES (QLD) | +114.40% | +4.84% | +474.26 |
| ULTRA DOW30 PROSHARES (DDM) | +53.57% | +4.01% | +393.20 |
| ULTRA S&P500 PROSHARES (SSO) | +66.99% | +3.78% | +370.17 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +81.41% | +4.79% | +469.28 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +59.80% | +5.32% | +521.85 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +60.79% | +6.19% | +607.06 |
| ULTRA RUSSELL1000 VALUE PROSHARE (UVG) | +57.31% | +3.85% | +377.56 |
| ULTRA RUSSELL1000 GROWTH PROSHAR (UKF) | +80.38% | +4.03% | +395.01 |
| ULTRA RUSSELL MIDCAP VALUE PROSH (UVU) | +71.10% | +1.69% | +166.06 |
| ULTRA RUSSELL MIDCAP GROWTH PROS (UKW) | +96.24% | +3.32% | +325.52 |
| ULTRA RUSSELL2000 VALUE PROSHARE (UVT) | +47.63% | +6.02% | +589.77 |
| ULTRA RUSSELL2000 GROWTH PROSHAR (UKK) | +73.90% | +5.81% | +569.48 |
| ULTRA BASIC MATERIALS PROSHARES (UYM) | +135.10% | +5.94% | +582.27 |
| ULTRA CONSUMER GOODS PROSHARES (UGE) | +49.26% | +1.61% | +158.03 |
| ULTRA CONSUMER SERVICES PROSHARE (UCC) | +69.94% | -0.17% | -16.52 |
| ULTRA FINANCIALS PROSHARES (UYG) | +100.00% | +5.20% | +509.94 |
| ULTRA HEALTH CARE PROSHARES (RXL) | +31.01% | +3.25% | +318.60 |
| ULTRA INDUSTRIALS PROSHARES (UXI) | +57.78% | +5.58% | +547.22 |
| ULTRA OIL & GAS PROSHARES (DIG) | +43.59% | +3.29% | +322.32 |
| ULTRA REAL ESTATE PROSHARES (URE) | +37.94% | +4.17% | +409.20 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +118.82% | +4.91% | +480.94 |
| ULTRA TECHNOLOGY PROSHARES (ROM) | +140.42% | +4.38% | +429.44 |
| ULTRA UTILITIES PROSHARES (UPW) | +5.71% | +1.31% | +128.90 |
| Other ETFs | |||
| PS NASDAQ INTERNET (PNQI) | +92.96% | +2.23% | +218.48 |
| PS DB BASE METALS DBLE SHRT ETN (BOM) | -70.24% | +0.09% | +9.29 |
| PS DB BASE METALS DBLE LONG ETN (BDD) | +164.88% | -1.22% | -119.28 |
| PS DB BASE METALS LONG ETN (BDG) | +60.77% | -0.29% | -28.06 |
| PS DB CRUDE OIL DBLE SHORT ETN (DTO) | -66.37% | +0.71% | +70.08 |
| PS DB CRUDE OIL SHORT ETN (SZO) | -37.91% | +0.07% | +6.38 |
| PS DB CRUDE OIL LONG ETN (OLO) | +50.11% | -0.65% | -63.60 |
| IPATH S&P GSCI CRUDE OIL TTL RET (OIL) | +41.43% | -0.52% | -50.62 |
| IPATH DJ AIG NATURAL GAS TR SUB- (GAZ) | -43.49% | +1.49% | +145.97 |
| IPATH DJ AIG ENERGY TR SUB-IDX E (JJE) | +10.01% | -0.22% | -21.98 |
| MV AGRIBUSINESS ETF (MOO) | +54.04% | +2.15% | +210.91 |
| PS GLOBAL AGRICULTURE (PAGG) | +57.19% | +2.05% | +201.05 |
| PS DB AGRICULTURE (DBA) | +4.26% | -0.99% | -97.16 |
| IPATH DJ AIG AGRICULTURE TR SUB- (JJA) | +7.95% | -1.61% | -157.81 |
| ELEMENTS ROGERS INTL COMMODITY A (RJA) | +4.70% | -0.66% | -64.23 |
| IPATH DJ AIG COFFEE TR SUB-IDX E (JO) | +14.14% | +0.49% | +47.58 |
| IPATH DJ AIG COCOA TR SUB-IDX ET (NIB) | +26.08% | -1.89% | -185.17 |
| IPATH DJ AIG COTTON TR SUB-IDX E (BAL) | +26.21% | -0.76% | -74.83 |
| IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG) | +50.68% | -2.86% | -280.53 |
| IPATH DJ AIG ALUMINUM TR SUB-IDX (JJU) | +29.18% | +1.40% | +136.94 |
| IPATH DJ AIG GRAINS TR SUB-IDX E (JJG) | -3.20% | -1.80% | -176.32 |
| IPATH DJ AIG COPPER TR SUB-IDX E (JJC) | +97.40% | -0.27% | -26.20 |
| IPATH DJ AIG LEAD TR SUB-IDX ETN (LD) | +94.75% | -0.90% | -87.85 |
| IPATH DJ AIG NICKEL TR SUB-IDX E (JJN) | +57.65% | -1.23% | -120.70 |
| IPATH DJ AIG TIN TR SUB-IDX ETN (JJT) | +45.06% | +0.65% | +63.56 |
| ULTRASHORT EURO PROSHARES (EUO) | -28.79% | -0.68% | -67.10 |
| ULTRASHORT YEN PROSHARES (YCS) | -2.89% | +0.05% | +4.78 |
| PS DB US DOLLAR INDEX BULLISH (UUP) | -12.21% | +1.91% | +187.25 |
| PS DB US DOLLAR INDEX BEARISH (UDN) | +14.20% | +0.07% | +6.93 |
| MACROSHS HOUSING UP (UMM) | · | +0.18% | +17.27 |
| MACROSHS HOUSING DWN (DMM) | · | -0.61% | -59.56 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10-YE (TYD) | · | -0.52% | -51.15 |
| DIREXION 10Y BEAR (TYO) | · | +0.06% | +5.94 |
| DIREXION DAILY 30Y T (TMF) | · | -0.66% | -64.64 |
| DIREXION DAILY 30Y B (TMV) | · | +0.06% | +5.60 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +99.04% | +5.86% | +574.59 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -73.93% | -5.80% | -568.57 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +118.45% | +6.94% | +680.17 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -60.92% | -6.58% | -644.64 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +75.21% | +8.95% | +877.76 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -80.54% | -9.31% | -912.31 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | +50.07% | +4.72% | +462.47 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -73.68% | -4.70% | -460.61 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +88.60% | +7.10% | +695.98 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -97.58% | -7.35% | -720.56 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +239.12% | +6.46% | +633.71 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -84.79% | -6.44% | -631.11 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +146.33% | +4.20% | +412.04 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -82.40% | -3.91% | -383.07 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +311.38% | +5.69% | +558.14 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -93.39% | -5.93% | -580.98 |
| PROSHARES (UPRO) | · | +5.67% | +556.11 |
| PROSHARES (SPXU) | · | -5.64% | -552.39 |
Additional stock market commentary -- for subscribers only -- can be found here: Subscriber Notes (if you're reading this in plain text format or on the blog, visit the MyClues Home Page and click on "Subscriber Notes" in the Quick Links section at the top of the page).
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· Quarter-Hourly Chart Comments
· Detailed Comments . . . .
Wednesday, November 04, 2009
World War III: The War the United States Will Lose
There's a reason Jim Rogers has moved his family to Asia and is making sure his children grow up speaking and writing Chinese. The reason is very pragmatic and sensible.
The United States will fall to China in the next war, a war the Chinese are preparing to win without firing a single shot.
We're in a race with the Chinese to dominate space and the Chinese are winning. Whoever controls the high ground on the Moon will control the planet. The Chinese intend to control the high ground. It's very simple: we either take the high ground first or the Chinese will. If we lose the race, we've lost the war. And, Americans will be treated as a subjugated race.
Of course, the Chinese say they're going to setup a moonbase to mine the Moon for the benefit of all mankind. Do you really think that's all they plan to do? Any moonbase which can return mined material from the Moon can launch multiple, concurrent freight-train-sized attacks on planet Earth. A freight-train-sized load of rocks is equivalent to a medium-sized nuclear explosion when it descends on a city at seven kilometers per second velocity. There is no defense we have, or could build, which could stop such an attack once it leaves the lunar surface.
There's a chance, though, that we can avoid defeat, but time is running out. If we establish a permanent moonbase from which we can monitor the Chinese activities on the Moon, we can control their capability to launch such attacks in the future. But, if we fall asleep and fail to recognize this clear and future danger to our freedom, we will inevitably lose the war. Write to your Congressman today to urge support for increasing NASA's budget to build a permanent moonbase before the Chinese do. If we delay, we face the prospect of an enemy who will be able to launch an unstoppable nuclear-sized attack on every city on planet Earth within the next generation.
It Will Soon Be Time To Destroy Private Banking
The history of private banking is the history of obscene profits for bankers while grinding the common man under their heel. And, there's the not-so-small problem that private banks are printing money, a power that's reserved in the US Constitution for the Congress. Yet, we tolerate this obvious violation of the Constitution simply because the bankers own our government.
There is no other reasonable explanation for the events of the last year. The government used AIG as a conduit to funnel the peoples' money directly to the big Wall Street banks. As Hank Greenberg calls it, it's as if a store had a 40% off sale and the government walked in and demanded that they pay full price for the sale merchandise. There is no reason for the government to have wasted this money (and we're talking about $85 Billion in this particular instance)---other than the obvious one: that the owners of government, the private banks, demanded that they be paid. This was, pure and simple, a direct theft of money from the US Treasury to the owners of the government: the private banks of Wall Street. This was the Crime of the Century---and the century is less than 10 years on. Expect more and even bigger transfer schemes of your money in the future. The government has no hope of ever getting our money back until and unless the private banks are destroyed and their assets seized. The seizure will be fair and equitable because these banks' gains are a result of their own criminal activity.
We're not the only ones arguing for radical change and the elimination of private banking. George Washington argues that it's time to Take the Power to Create Credit Away from the Giant Banks and Give It Back to the People.
He points out something that Buckminster Fuller said,
You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.
The radical change is not going back to the Gold Standard. The Gold Standard was the mechanism the private bankers used to seize control of the financial system in the first place. No, we need a much better system, one which will not allow private bankers ever to exist again. Our new Constitution should include a clause making it a felony for any citizen to engage in private banking.
As Washington says,
Ellen Brown argues that a gold standard restricts credit for the little guy, not just Uncle Sam. If Brown is right --- and given that the too big to fails are refusing to lend to most little guys --- public banking might be the only way to restore a healthy economy and ease the pain for the average American. (Brown also argues that it was actually the bankers --- and not the populists --- who forced the adoption of a gold standard in the 1890s, and that the true meaning of the "Cross of Gold" speech has been forgotten).
We know that the gold bugs are going to howl with objections, but Gold is not the solution. It's part of the problem.
The real answer to our financial system problem is to make all banks part of the government. Read the article. You'll see that it makes perfect sense---and will be fought tooth-and-nail by the evil banksters who control our government. Of course, the first step in destroying private banks will be to take back our government from their control.
The main weapon private bankers have used to control the government has been to force deficit spending, which requires government to borrow money---money printed by the bankers themselves!---from the bankers. Whenever the bankers make a bad bet, they simply "arrange" for their losses to be transferred to the government---the people of this country---and the government is forced to issue bonds. Those bonds were never valid in the first place because they were issued by a bankster-controlled federal government in order to tighten their control of the country. Only debt created by the people's government is valid. Thus, all debt assumed by the government is invalid because it was printed by the private bankers. We the people do not owe this debt.
Our National To-Do List
- Take back our government from the banksters.
- Rewrite the Constitution to disallow private banking of any sort.
- Repudiate all existing bonds issued by the United States government, thus wiping out our national debt.
- Create public banks to serve the needs of the financial system. Print new dollars and exchange them for old dollars and government bonds held only by living individuals (not corporate "persons", who will have no rights under the rewritten Constitution).
Herd On The Street
The buy-the-dippers came back right on our well-publicized schedule and forced a short-covering rally. This is how the smart money creates a siren song which lures the weak-willed investor back into the market and allows them to pick her pocket.
Make no mistake about it, though. We are in the midst of a complete collapse of our financial system and any rally in stocks is a selling opportunity. We are in a "controlled depression" and the next leg down is going to be much stronger than the first two legs down in 2000-2002 and 2007-2009.
Someone emailed to ask, "If we are heading for a total collapse, why don't `they' (the Powers-That-Be) do something to head it off?" The answer, unfortunately, is that the Powers-That-Be are too stupid to recognize that the system is heading for self-destruction. Thus, they will drive the financial system into chaos, never realizing that it is ultimately doomed.
The Price-Earnings Ratio of the S&P 500 Index is currently 138.
Additional stock market commentary -- for subscribers only -- can be found here: Subscriber Notes (if you're reading this in plain text format or on the blog, visit the MyClues Home Page and click on "Subscriber Notes" in the Quick Links section at the top of the page).
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· Quarter-Hourly Chart Comments
· Detailed Comments . . . .
Change From 20 Jan 2009 and 3 Nov 2009 To 4 Nov 2009
| Security | Percentage Change From 20 Jan 2009 | Percentage Change From 3 Nov 2009 | Change in Dow Jones Industrial Average Points |
|---|---|---|---|
| Dow Jones Industrial Average (index) | +23.31% | +0.31% | +30.23 |
| DIAMONDS TRUST SERIES 1 (DIA) | +23.62% | +0.38% | +36.97 |
| ULTRA DOW30 PROSHARES (DDM) | +47.65% | +0.84% | +81.60 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -46.92% | -0.82% | -79.91 |
| S&P 500 (index) | +30.19% | +0.28% | +26.92 |
| S&P SPDRS (SPY) | +30.22% | +0.26% | +25.21 |
| ULTRA S&P500 PROSHARES (SSO) | +60.91% | +0.45% | +43.78 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -53.43% | -0.42% | -40.89 |
| NYSE Composite (index) | +35.04% | +0.26% | +25.43 |
| ISHARES NYSE COMPOSITE INDEX (NYC) | +35.36% | +0.40% | +39.14 |
| S&P SmallCap 600 (index) | +29.51% | -1.25% | -122.36 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +51.72% | -2.21% | -216.39 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -31.72% | +1.06% | +103.43 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -58.14% | +2.35% | +229.54 |
| Russell 2000 (index) | +29.83% | -1.33% | -130.15 |
| ISHARES RUSSELL 2000 INDEX (IWM) | +29.82% | -1.44% | -140.41 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +51.41% | -2.61% | -255.53 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -59.57% | +2.72% | +265.97 |
| NASDAQ-100 (index) | +48.21% | +0.32% | +31.54 |
| POWERSHARES QQQ (QQQQ) | +47.82% | +0.17% | +16.58 |
| ULTRA QQQ PROSHARES (QLD) | +104.51% | +0.33% | +32.30 |
| ULTRASHORT QQQ PROSHARES (QID) | -62.36% | -0.25% | -24.61 |
| S&P MidCap 400 (index) | +37.25% | -0.49% | -48.27 |
| ISHARES S&P MIDCAP 400 INDEX (IJH) | +37.60% | -0.43% | -42.36 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +73.12% | -0.73% | -71.45 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -61.15% | +0.72% | +69.96 |
| GREENHAVEN CONTINUOUS COMMODITY (GCC) | +20.50% | +0.27% | +26.76 |
| Amex Gold (index) | +51.04% | +0.86% | +84.20 |
| MV GOLD MINERS ETF (GDX) | +50.68% | +0.76% | +74.06 |
| SPDR GOLD SHARES (GLD) | +26.72% | +0.60% | +58.75 |
| ULTRA GOLD PROSHARES (UGL) | +49.38% | +0.97% | +94.45 |
| ULTRASHORT GOLD PROSHARES (GLL) | -46.35% | -1.11% | -108.78 |
| IPATH DJ AIG PLATINUM TR SUB-IDX (PGM) | +50.85% | -1.28% | -124.75 |
| PS DB GOLD DOUBLE SHORT ETN (DZZ) | -41.85% | -1.37% | -133.86 |
| PS DB GOLD DOUBLE LONG ETN (DGP) | +54.28% | +1.17% | +114.23 |
| ULTRA SILVER PROSHARES (AGQ) | +104.86% | +1.55% | +151.63 |
| ULTRASHORT SILVER PROSHARES (ZSL) | -72.92% | -2.28% | -222.55 |
| Semiconductor Sector (index) | +49.18% | +1.22% | +119.24 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +108.59% | +1.56% | +152.69 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -70.28% | -1.61% | -157.32 |
| ISHARES DJ US FINANCIAL SECTOR (IYF) | +59.28% | -1.21% | -118.34 |
| ISHARES 20+ YEAR TREAS BOND (TLT) | -18.41% | -0.91% | -89.31 |
| ISHARES 7-10 YEAR TREASURY (IEF) | -7.36% | -0.28% | -26.91 |
| ISHARES AGGREGATE BOND (AGG) | +0.92% | -0.16% | -15.95 |
| ISHARES IBOXX $ INVEST GRADE COR (LQD) | +4.87% | +0.39% | +38.32 |
| ISHARES 1-3 YEAR TREASURY BOND (SHY) | -0.88% | -0.01% | -1.17 |
| ProShares ETFs | |||
| PROSHARES ULTRASHORT (TWQ) | · | -4.44% | -433.80 |
| ULTRASHORT 7-10 YEAR TREASURY PR (PST) | +0.09% | +0.47% | +46.39 |
| ULTRASHORT 20+ YEAR TREASURY PRO (TBT) | +18.32% | +1.58% | +153.92 |
| SHORT QQQ PROSHARES (PSQ) | -36.96% | -0.02% | -2.00 |
| SHORT DOW30 PROSHARES (DOG) | -25.38% | -0.41% | -39.84 |
| SHORT S&P500 PROSHARES (SH) | -29.69% | -0.12% | -12.10 |
| SHORT MIDCAP400 PROSHARES (MYY) | -34.89% | +0.39% | +38.22 |
| SHORT S&P SMALLCAP600 PROSHARES (SBB) | -31.72% | +1.06% | +103.43 |
| SHORT RUSSELL2000 PROSHARES (RWM) | -32.95% | +1.34% | +131.33 |
| ULTRASHORT QQQ PROSHARES (QID) | -62.36% | -0.25% | -24.61 |
| ULTRASHORT DOW30 PROSHARES (DXD) | -46.92% | -0.82% | -79.91 |
| ULTRASHORT S&P500 PROSHARES (SDS) | -53.43% | -0.42% | -40.89 |
| ULTRASHORT MIDCAP400 PROSHARES (MZZ) | -61.15% | +0.72% | +69.96 |
| ULTRASHORT SMALLCAP600 PROSHARES (SDD) | -58.14% | +2.35% | +229.54 |
| ULTRASHORT RUSSELL2000 PROSHARES (TWM) | -59.57% | +2.72% | +265.97 |
| ULTRASHORT RUSSELL1000 VALUE PRO (SJF) | -55.40% | -0.03% | -3.26 |
| ULTRASHORT RUSSELL1000 GROWTH PR (SFK) | -54.59% | -0.86% | -83.94 |
| ULTRASHORT RUSSELL MIDCAP VAL PR (SJL) | -66.39% | +1.15% | +112.53 |
| ULTRASHORT RUSSELL MIDCAP GR PRO (SDK) | -63.62% | +0.22% | +21.42 |
| ULTRASHORT RUSSELL2000 VALUE PRO (SJH) | -59.76% | +2.82% | +275.43 |
| ULTRASHORT RUSSELL2000 GROWTH PR (SKK) | -67.08% | +2.12% | +207.15 |
| ULTRASHORT BASIC MATERIALS PROSH (SMN) | -75.58% | +0.75% | +73.13 |
| ULTRASHORT CONSUMER GOODS PROSHA (SZK) | -41.15% | -0.12% | -12.18 |
| ULTRASHORT CONSUMER SERVICES PRO (SCC) | -54.74% | -0.87% | -85.33 |
| ULTRASHORT FINANCIALS PROSHARES (SKF) | -86.41% | +2.50% | +243.84 |
| ULTRASHORT HEALTH CARE PROSHARES (RXD) | -33.84% | -3.75% | -366.48 |
| ULTRASHORT INDUSTRIALS PROSHARES (SIJ) | -56.50% | -0.24% | -23.53 |
| ULTRASHORT OIL & GAS PROSHARES (DUG) | -52.79% | +0.38% | +37.18 |
| ULTRASHORT REAL ESTATE PROSHARES (SRS) | -85.50% | +3.92% | +383.02 |
| ULTRASHORT SEMICONDUCTOR PROSHAR (SSG) | -70.28% | -1.61% | -157.32 |
| ULTRASHORT TECHNOLOGY PROSHARES (REW) | -67.75% | -1.52% | -148.06 |
| ULTRASHORT UTILITIES PROSHARES (SDP) | -44.28% | -1.32% | -128.63 |
| SHORT MSCI EMERGING MKTS PROSHAR (EUM) | -52.80% | -1.82% | -177.38 |
| SHORT MSCI EAFE PROSHARES (EFZ) | -38.80% | -1.03% | -100.20 |
| ULTRASHORT MSCI EAFE PROSHARES (EFU) | -65.47% | -1.64% | -160.08 |
| ULTRASHORT MSCI EMERGING MKTS PR (EEV) | -80.59% | -3.48% | -339.70 |
| ULTRASHORT MSCI JAPAN PROSHARES (EWV) | -37.96% | -0.17% | -16.72 |
| ULTRASHORT FTSE/XINHUA CHINA25 P (FXP) | -83.00% | -3.21% | -314.14 |
| ULTRA QQQ PROSHARES (QLD) | +104.51% | +0.33% | +32.30 |
| ULTRA DOW30 PROSHARES (DDM) | +47.65% | +0.84% | +81.60 |
| ULTRA S&P500 PROSHARES (SSO) | +60.91% | +0.45% | +43.78 |
| ULTRA MIDCAP400 PROSHARES (MVV) | +73.12% | -0.73% | -71.45 |
| ULTRA S&P SMALLCAP600 PROSHARES (SAA) | +51.72% | -2.21% | -216.39 |
| ULTRA RUSSELL2000 PROSHARES (UWM) | +51.41% | -2.61% | -255.53 |
| ULTRA RUSSELL1000 VALUE PROSHARE (UVG) | +51.48% | -0.05% | -4.76 |
| ULTRA RUSSELL1000 GROWTH PROSHAR (UKF) | +73.40% | +0.78% | +76.43 |
| ULTRA RUSSELL MIDCAP VALUE PROSH (UVU) | +68.25% | +0.95% | +92.85 |
| ULTRA RUSSELL MIDCAP GROWTH PROS (UKW) | +89.94% | +1.02% | +99.45 |
| ULTRA RUSSELL2000 VALUE PROSHARE (UVT) | +39.26% | -2.55% | -249.34 |
| ULTRA RUSSELL2000 GROWTH PROSHAR (UKK) | +64.36% | -2.33% | -227.87 |
| ULTRA BASIC MATERIALS PROSHARES (UYM) | +121.91% | -0.53% | -51.49 |
| ULTRA CONSUMER GOODS PROSHARES (UGE) | +46.89% | +2.15% | +210.29 |
| ULTRA CONSUMER SERVICES PROSHARE (UCC) | +70.22% | +2.84% | +277.75 |
| ULTRA FINANCIALS PROSHARES (UYG) | +90.11% | -2.81% | -274.49 |
| ULTRA HEALTH CARE PROSHARES (RXL) | +26.88% | +2.46% | +239.90 |
| ULTRA INDUSTRIALS PROSHARES (UXI) | +49.44% | -0.15% | -14.62 |
| ULTRA OIL & GAS PROSHARES (DIG) | +39.02% | -0.53% | -51.37 |
| ULTRA REAL ESTATE PROSHARES (URE) | +32.41% | -4.01% | -391.59 |
| ULTRA SEMICONDUCTOR PROSHARES (USD) | +108.59% | +1.56% | +152.69 |
| ULTRA TECHNOLOGY PROSHARES (ROM) | +130.33% | +1.43% | +140.16 |
| ULTRA UTILITIES PROSHARES (UPW) | +4.34% | +2.48% | +241.92 |
| Other ETFs | |||
| PS NASDAQ INTERNET (PNQI) | +88.75% | +0.56% | +54.76 |
| PS DB BASE METALS DBLE SHRT ETN (BOM) | -70.27% | -1.26% | -123.41 |
| PS DB BASE METALS DBLE LONG ETN (BDD) | +168.14% | +2.34% | +229.09 |
| PS DB BASE METALS SHORT ETN (BOS) | -43.66% | -1.36% | -132.69 |
| PS DB CRUDE OIL DBLE SHORT ETN (DTO) | -66.61% | -1.85% | -180.79 |
| PS DB CRUDE OIL SHORT ETN (SZO) | -37.95% | -1.12% | -109.00 |
| PS DB CRUDE OIL LONG ETN (OLO) | +51.09% | +1.09% | +106.84 |
| IPATH S&P GSCI CRUDE OIL TTL RET (OIL) | +42.16% | +0.89% | +87.28 |
| IPATH DJ AIG NATURAL GAS TR SUB- (GAZ) | -44.32% | -1.83% | -178.58 |
| IPATH DJ AIG ENERGY TR SUB-IDX E (JJE) | +10.26% | -0.22% | -21.86 |
| IPATH DJ AIG SOFTS TR SUB-IDX ET (JJS) | +31.67% | -0.37% | -36.55 |
| MV AGRIBUSINESS ETF (MOO) | +50.79% | +0.96% | +93.50 |
| PS GLOBAL AGRICULTURE (PAGG) | +54.03% | +0.89% | +86.66 |
| PS DB AGRICULTURE (DBA) | +5.30% | -0.46% | -44.50 |
| IPATH DJ AIG AGRICULTURE TR SUB- (JJA) | +9.71% | -1.29% | -126.45 |
| ELEMENTS ROGERS INTL COMMODITY A (RJA) | +5.39% | -0.65% | -63.62 |
| IPATH DJ AIG COFFEE TR SUB-IDX E (JO) | +13.59% | +0.49% | +47.67 |
| IPATH DJ AIG COCOA TR SUB-IDX ET (NIB) | +28.51% | -0.96% | -93.36 |
| IPATH DJ AIG COTTON TR SUB-IDX E (BAL) | +27.18% | +0.83% | +80.78 |
| IPATH DJ AIG SUGAR TR SUB-IDX ET (SGG) | +55.12% | -1.50% | -146.43 |
| IPATH DJ AIG ALUMINUM TR SUB-IDX (JJU) | +27.40% | +0.18% | +18.00 |
| IPATH DJ AIG GRAINS TR SUB-IDX E (JJG) | -1.42% | -1.00% | -98.04 |
| IPATH DJ AIG COPPER TR SUB-IDX E (JJC) | +97.93% | +0.12% | +11.89 |
| IPATH DJ AIG LEAD TR SUB-IDX ETN (LD) | +96.51% | +1.88% | +183.30 |
| IPATH DJ AIG NICKEL TR SUB-IDX E (JJN) | +59.62% | -0.81% | -79.56 |
| ULTRASHORT EURO PROSHARES (EUO) | -28.30% | -1.96% | -191.28 |
| ULTRASHORT YEN PROSHARES (YCS) | -2.94% | +0.44% | +43.09 |
| PS DB US DOLLAR INDEX BULLISH (UUP) | -13.85% | -0.75% | -73.25 |
| PS DB US DOLLAR INDEX BEARISH (UDN) | +14.12% | +0.82% | +80.10 |
| MACROSHS HOUSING UP (UMM) | · | -0.79% | -76.88 |
| MACROSHS HOUSING DWN (DMM) | · | +1.00% | +97.46 |
| 300% Leverage ETFs | |||
| DIREXION DAILY 10-YE (TYD) | · | -1.03% | -100.92 |
| DIREXION 10Y BEAR (TYO) | · | +1.18% | +115.41 |
| DIREXION DAILY 30Y T (TMF) | · | -2.38% | -232.26 |
| DIREXION DAILY 30Y B (TMV) | · | +2.52% | +245.94 |
| DIREXION DAILY LARGE CAP BULL 3X (BGU) | +88.02% | +0.37% | +36.18 |
| DIREXION DAILY LARGE CAP BEAR 3X (BGZ) | -72.33% | -0.32% | -31.64 |
| DIREXION DAILY MID CAP BULL 3X S (MWJ) | +104.28% | -0.93% | -91.35 |
| DIREXION DAILY MID CAP BEAR 3X S (MWN) | -58.17% | +0.63% | +62.02 |
| DIREXION DAILY SMALL CAP BULL 3X (TNA) | +60.81% | -3.86% | -377.65 |
| DIREXION DAILY SMALL CAP BEAR 3X (TZA) | -78.54% | +4.46% | +435.74 |
| DIREXION DAILY ENERGY BULL 3X SH (ERX) | +43.30% | -0.16% | -15.72 |
| DIREXION DAILY ENERGY BEAR 3X SH (ERY) | -72.38% | +0.25% | +24.23 |
| DIREXION DAILY FINANCIAL BULL 3X (FAS) | +76.09% | -3.49% | -341.13 |
| DIREXION DAILY FINANCIAL BEAR 3X (FAZ) | -97.39% | +3.75% | +366.01 |
| DIREXION DAILY TECHNOLOGY BULL 3 (TYH) | +218.53% | +2.21% | +215.72 |
| DIREXION DAILY TECHNOLOGY BEAR 3 (TYP) | -83.74% | -2.15% | -210.40 |
| DIREXION DAILY DEVLPD MRKTS BULL (DZK) | +136.40% | +2.97% | +290.48 |
| DIREXION DAILY DEVLPD MRKTS BEAR (DPK) | -81.69% | -3.06% | -299.42 |
| DIREXION DAILY EMRG MRKTS BULL 3 (EDC) | +289.22% | +5.22% | +510.53 |
| DIREXION DAILY EMRG MRKTS BEAR 3 (EDZ) | -92.97% | -5.19% | -506.90 |
| PROSHARES (UPRO) | · | +0.53% | +51.88 |
| PROSHARES (SPXU) | · | -0.46% | -45.14 |
FreeWeek of Robert Prechter's Forecasts (7 Days, 4+ Letters, 100+ pages)
Exciting News: Our friends over at Elliott Wave International are offering Robert Prechter's latest monthly market letter, The Elliott Wave Theorist, for free along with the firm's most popular U.S. analysis and forecasting publications. You can now download, print and read dozens of chart-filled pages of current analysis for U.S. stocks, the economy, precious metals, bonds, U.S. dollar and more -- and it's all free for one week only. This opportunity ends Nov. 11. Learn more about FreeWeek, and get your free reports here.
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November 2009 Financial Forecast | What's Inside?
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