Signs of severe bear market in US and global stocks imminent – the divergence in regional banks, homebuilders and of transportation companies
Peter Oberois
Jul. 1, 2009

The bear market is live and well. It is ready to pound any time. Smaller banks in the lost 26 percent since climbing to a four-month peak in early May, while home builders tumbled 30 percent. The biggest concern is that mortgage rates, credit losses and foreclosures are increasing massively on a day-by-day basis. This is not helping the outlook of the companies among the biggest beneficiaries of $13 trillion in government stimulus spending.

The stimulus money has come and gone. It is doing little to halt the financial metldown in the heartland and main streets of America. Stimulus money and the improved economy (to some extent) has borrowing costs climb in the past month, with the average rate on a 30-year fixed mortgage reaching a six-month high of 5.65 percent recently.

Signs of severe bear market in US and global stocks imminent – the divergence in regional banks, homebuilders and of transportation companies
Peter Oberois
The bear market is live and well. It is ready to pound any time. Smaller banks in the lost 26 percent since climbing to a four-month peak in early May, while home builders tumbled 30 percent.
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Japanese manufacturers bounced back less than expected - exports and production picked up
Alan Hershey
The bounde is real. The extent is disappointing. The headline diffusion index for large manufacturers rose to minus 48 in June from a record low of minus 58 posted in March.
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Why does Sweden, the newly appoinetd holder of European Union’s presidency support the hedge funds and the private equity funds?
Marla Guthrie
Swedish defence of hedge funds and private equity on Wednesday, saying it did not blame them for the financial crisis is not only bizzare but also is damaging to the entire fianncial industry, says some analysts.
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Crude oil ready to rally back to $90 level with drop in US crude stocks and Chinese manufacturing sector growth prospects
Sam Adelton
The crude oil is in new bull market as part of the cyclic move within a larger secular bear market. The prices can easily rise to $90 level and test the $100 per barrel.
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A big win for US consumer and civil rights groups against JPMorgan Chase & Co. , Wells Fargo & Co and American Bankers Association
Special Correspondent
New York attorney general, Andrew Cuomo is happy on th ruling and said ‘…it reaffirms the vital role state attorneys general play in protecting consumers from illegal and improper practices by our country’s biggest and most powerful banks.’
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One of the biggest bear market rally as predicted - best quarterly rally for the Standard & Poor’s 500 Index since 1998
Sam Adelton
The divergence between the Russell 2000 Index and the S&P 500 is noteworthy. It is typical in a bear market rally.
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Worldwide oil recession deepens: Oil watchdog cuts demand forecasts – a typical syndrome of bear marlet persists
Joe Weinman
Overlooking the long term bear market indicators, the market focused on the short term signals as the same agency upped its forecast for global oil demand for the first time in almost a year.
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