It took me the entire lenth of this, and a lot more Googling to believe it was even real. Stop what you are doing, grab a cup of something, sit back and enjoy. If you are at work, put on headphones, listening to it quitely wont do it justice.
Looks like the WHO has raised the level to Phase 4, a first I believe. In any event some other dynamic resources (dynamic resources are updated frequently and are linked directly to below).
U.S. Infections as tracked by the CDC as of April 27, 2009
Insightful point offered yesterday by Paul at Infectious Greed. I am reposting, I hope honorably, below.
“No-no , nothing suspicious or worrisome or unusual about this: The financial subsector of the S&P just had its first quarter of leading performance since 1993. Check the chart:
S&P Financial Ahead for First Time Since 1993
Paul Kedrosky, Infectious Greed, April 19, 2009
Another sign of a pending pullback as charted by the good folks at Bespoke Investment Group.
There is definitely debate on whether or not we are in the beginning of a new uptrend, or at the end of a bear market rally. Either way, I don’t know about you, but I’d rather at least wait until these charts hit bottom again before buying anything new.
American’s are waking up to the reality that their homes are no longer ATM’s. This will have long-term repercussions on aggregate U.S. demand, and will certainly put a large dent in our consumption driven economy. Many Americans might be willing to replace home equity loans (mortgage equity withdrawals or MEWs) with an added job or two if there were any. In time they likely will, but don’t expect the levered consumer to return for at least 60-80 years, that’s about how long it took us to forget the last deflationary period.
Equity Extraction Data
CalculatedRisk, March 24, 2009
What’s left of it anyway. Stumbled on this, and it made me laugh, thought I’d share. Peter Schiff vs. Ben Stein. I always felt like Ben was a jackass, just could never place why. Another Harvard alum devaluing the diploma, what else is new.
Note this is August 2007. For some persepctive, consider selected stock prices then and now.
8/18/2007-Part 1 Peter Schiff On Cavuto On Business
YouTube, Accessed April 17, 2009
David is about as big as a grizzly when it comes to bears, but he called the bailout a year early. Now he thinks markets can go down by more than half, penance for running up so far so fast. One thing is for sure, its really a traders market.
David Tice, chief portfolio strategist for bear markets at Federated Investors Inc., and Christian Thwaites, chief executive officer of Sentinel Investments, talk with Bloomberg’s Pimm Fox about the outlook for U.S. stocks.
Tice says the Standard & Poor’s 500 Index is overvalued and may plunge 62 percent before hitting its bear-market bottom. (Source: Bloomberg)
4/8/09 David Tice: Don’t Believe the Rally
YouTube, Accessed April 16, 2009