Chile: information & independence
DAILY SPANISH EDITION

Volume 3, Number 31, February 08, 2010.

Periodic News Summary

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.

Previous Commentaries

  • 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
  • Nasdaq (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 dolar... 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.
  • El Voluntario Previous news and commentary.
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