What do you think? Bull or Bear Rally? Inflation or Deflation?

Thursday, October 22nd, 2009

Please participate in this AdvisorAnalyst Poll -
Are we in the midst of a bull market rally or bear market rally?
What do you believe is Canada’s immediate economic risk?

When the Poll is complete it will remain published on the right hand side of sites pages.

Poll

• Are we in a “Bull Market Rally” or a “Bear Market” Rally?

  • Bear Market Rally (66.0%, 258 Votes)
  • Bull Market Rally (34.0%, 133 Votes)

  Total Voters: 391

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• What is the immediate economic risk in Canada?

  • Deflation (65.0%, 219 Votes)
  • Inflation (35.0%, 119 Votes)

  Total Voters: 338

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• Polls Archive

Tags: Bear Market, Bull Bear, Canada, Economic Risk, inflation, Market Rally, Midst, Poll
Posted in Markets | 4 Comments »

Poll: What’s Your Forecast for the TSX the next quarter? The next year?

Thursday, October 22nd, 2009

Please participate in the AdvisorAnalyst (GreenLightAdvisor) poll - What is your forecast for the TSX over the next quarter? The next year?

Every vote counts, and when the results are in, we will share them with you.

Poll

• What’s your forecast for the TSX Composite Index over the next 3 months?

  • 0% to +10% (37.0%, 150 Votes)
  • 0% to -10% (23.0%, 91 Votes)
  • -10% to -15% (15.0%, 62 Votes)
  • +10% to +15% (11.0%, 43 Votes)
  • -15% to -20% (9.0%, 37 Votes)
  • +15% to +20% (5.0%, 20 Votes)

  Total Voters: 403

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• What’s your forecast for the TSX Composite Index over the next 12 months?

  • 0 to +10% (34.0%, 116 Votes)
  • +10% to +15% (24.0%, 81 Votes)
  • -15% to -20% (13.0%, 44 Votes)
  • 0 to -10% (8.0%, 27 Votes)
  • > than 20% (8.0%, 26 Votes)
  • -10% to -15% (7.0%, 24 Votes)
  • +15 to + 20% (7.0%, 23 Votes)

  Total Voters: 341

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• Polls Archive

Tags: Poll, Tsx, Vote
Posted in Markets | No Comments »

Frontline: The Warning (Complete Episode)

Thursday, October 22nd, 2009

Synopsis: In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation’s worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.

“I didn’t know Brooksley Born,” says former SEC Chairman Arthur Levitt, a member of President Clinton’s powerful Working Group on Financial Markets. “I was told that she was irascible, difficult, stubborn, unreasonable.” Levitt explains how the other principals of the Working Group — former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin — convinced him that Born’s attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was “clearly a mistake.”

Born’s battle behind closed doors was epic, Kirk finds. The members of the President’s Working Group vehemently opposed regulation — especially when proposed by a Washington outsider like Born.

“I walk into Brooksley’s office one day; the blood has drained from her face,” says Michael Greenberger, a former top official at the CFTC who worked closely with Born. “She’s hanging up the telephone; she says to me: ‘That was [former Assistant Treasury Secretary] Larry Summers. He says, “You’re going to cause the worst financial crisis since the end of World War II.”… [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.’”

Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. “Born faced a formidable struggle pushing for regulation at a time when the stock market was booming,” Kirk says. “Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves.”

Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one.

“It’ll happen again if we don’t take the appropriate steps,” Born warns. “There will be significant financial downturns and disasters attributed to this regulatory gap over and over until we learn from experience.”

Source: PBS.org

Tags: Alan Greenspan, Arthur Levitt, Cftc, Chairman Alan Greenspan, Chairman Arthur Levitt, Closed Doors, Derivatives Market, Dollar Derivatives, Episode Synopsis, Financial Collapse, Financial Turmoil, Great Depression, Greenberger, Hidden History, Larry Summers, oil, Sec Chairman Arthur, Secretary Larry, Secretary Robert Rubin, Treasury Secretary, World War Ii
Posted in Markets | No Comments »

How to save a friend from the false prophet Nouriel Roubini

Thursday, October 22nd, 2009

This is a guest contribution by Damien Hoffman, editor of the very popular Wall St Cheat Sheet blog. Make sure to add this site to your must-read list.

In August I wrote an article “Is Nouriel Roubini a false prophet?” Apparently, some people are so smitten with Roubini they actually ignored all the cited articles and said, “No”. Consequently, I teamed up with a group of people around the world on an open source project to continue our mission exposing false prophets and help unwash those well-meaning brains.

The video below is a large collection of evidence proving Roubini has an horrendous record as a prognosticator. If you too know someone who has been listening to the seductive sounds of Roubini’s mantras, send them this helpful deprogramming message.

Source: Damien Hoffman, Wall St. Cheat Sheet, September 3, 2009.

Tags: Blog, Brains, Cheat Sheet, Deprogramming, False Prophet, False Prophets, Group Of People, Hoffman, Message Source, Nouriel Roubini, Open Source Project, People Around The World, Prognosticator, Sounds, Well Meaning
Posted in Markets | 2 Comments »