Chile: information & independence
Volume 4, Number 47, December 31, 2011.
Periodic News Summary
2011: Dow up 5.60%... gold up 11.79%
2011: one of the best performances... Apple up 25.39%... one of the worst performances... Kodak down 88.22%
El Voluntario (2011/12/01) The recent intervention by the central banks of the US, and Europe, in support of the European economy, does not solve any of the structural problems faced by the euro and some of the falling economies of the region. This intervention is inflationary and, at best, a temporary postponement of the inevitable (Note: on the other hand, this intervention adds to the volatility of the market thus offering further opportunities to well-informed day traders and speculators).
El Voluntario (2011/08/09) The recent correction we have seen in the market (predicted in March 2011) is not enough... some inflated stocks continue to be inflated.
El Voluntario (2011/08/01) Given the calamity affecting the American economy… the so called AAA rating does not reflect reality.
El Voluntario (2011/04/18) From our archives: El Voluntario (2011/03/11) Wall Street: overdue for another correction... (clearly, some inflated stocks continue to be inflated).
El Voluntario (2011/04/05) From our archives: El Voluntario (2010/02/02) Which are the real indicators that will signal the end of this recession? Inflation, followed by increases in interest rates thus presenting us with a new version of a 1970s style crisis.
El Voluntario (2011/03/11) Wall Street: overdue for another correction... (clearly, some inflated stocks continue to be inflated).
El Voluntario (2011/03/01) Wall Street: overdue for another correction?
El Voluntario (2011/01/25) As predicted: inflationary pressures are already evident at the pump and at the supermarket.
El Voluntario (2010/11/08) QE2: unnecessary... and inflationary.
El Voluntario (2010/10/18) It will be interesting to see if this October some habitual poor performers, whose stocks have experienced some unjustified gains lately, stay faithful to their habits… or report positive figures for a change.
El Voluntario (2010/10/27) Commentary: prospects of republican gains in November… resulting in a return to balanced power… appear to generate optimism in Wall Street. It remains to be seen how this apparent optimism will deal with the traditional downdraft of October... and the continuing pessimism in main street.
El Voluntario (2010/05/07) Commentary 1: last February we wrote... " the recent semi corrections observed in the market still are not enough. Stocks of some consistently poor performers remain inflated assisted by “one time sale of assets” despite their dismal overall performance." Our opinion remains today. Inflated stocks have lost some air but remain above fair value.
El Voluntario (2010/05/07) Commentary 2: the recent semi corrections in the Dow are not just the result of “unusual errors.” They are based in a latent generalized lack of confidence among investors. This lack of confidence itself is rooted in continued high-unemployment numbers, high fiscal debt, a crisis in Europe, and incipient signs of trouble in China.
El Voluntario (2010/05/07) Commentary 3: without the Euro the European crisis would be confined to Greece et al. However, the policy of integration made a problem, initially confined to a few countries suffering from socialism and corruption, a far more significant problem. Further, it is doubtful that this problem will be solved by aid packages. The only transparent solution is to let countries, such as Greece, be what they want to be... outside the Euro.
Business Week (2010/04/13) Jim Chanos issues warning: property bubble in China.
El Voluntario (2010/04/08) Commentary: stocks of inflated poor performers continue to be inflated... the market is overdue for a correction.
El Voluntario (2010/03/28) Commentary: consistently poor performers continue to gain... in what is rapidly becoming an inflated market.
El Voluntario (2010/02/08) Commentary: the recent semi corrections observed in the market still are not enough. Stocks of some consistently poor performers remain inflated assisted by “one time sale of assets” despite their dismal overall performance.
El Voluntario (2010/02/02) Which are the real indicators that will signal the end of this recession? Inflation followed by increases in interest rates thus presenting us with a new version of a 1970s style crisis.
El Voluntario (2010/01/22) Commentary: the recent semi corrections observed in the Dow still leave quite a few inflated stocks that although they appear cheap... should even be cheaper
El Voluntario (2009/12/21) Commentary: the Dow did not undergo a correction in the second half of 2009... many companies still trade with over inflated stock prices. Will 2010 bring discipline to the market?
Nasdaq (2009/12/21) Fraud in US cap-and-trade involves fake emission credits.
Fox (2009/12/21) Massive fraud in Europe's carbon trading system (their cap and trade).
Kitco (2009/12/21) Despite a recovery in the dollar... gold values remain above 1000.
El Voluntario (2009/11/26) Commentary: the stock market is not the best place to seek protection from a falling dollar... this rising market includes many inflated, low quality stocks, that have been rising despite poor fundamentals (for a long time -in our Spanish edition- we have been advocating the purchase of gold and other hard assets).
El Voluntario (2009/10/02) Commentary: the continued bad news from the labor market, which show a minimum of 9.8% unemployment, mean that most of the news coverage about a recovery was overly optimistic and premature. It also mean that our assessment about an inflated stock market was and is correct. October should render a series of poor, bad, and horrendous figures from badly managed companies whose stock have been unjustifiably increasing in the last few months. Maybe, after a much needed correction, it might be time to return to the market to invest in well managed companies... which actually produce something.
El Voluntario (2009/09/30) Commentary: for months now we have seen the stock market going up and up while the signs of the economic downturn -that is, high unemployment and home foreclosures- continue undiminished. For months now we have been warning –in our Spanish edition- about shares of badly managed companies with terrible performance that, since March, have doubled and even tripled in price. That is, there are many companies with inflated stocks at a time that the stock market has been in an “optimistic rally” while the real economy is in poor shape. In the same manner that we warned our readers in the 2007-2008 period we warn them now: it is time for a new correction of the market. If it does not occur in the next 60 days it will occur later with an even greater decline.
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