US Job report confirms depression and bear market
Peter Oberois
Jul. 2, 2009

Employers cut a larger-than-expected 467,000 workers, driving the unemployment rate up to a 26-year high of 9.5 percent. The job report worldiwde is also very weak.

The secular bear market in US intact and gaining intensity. The next wave down has already started and is ready to take Dow below 4,000 level within next twelve months.

The stimulus money is getting used in sectors where very little impact is felt on the economy.

The biggest problem is still the severe depression in US home market. 60% of non-prime mortgages are about to enter the default zones. There will be no one to bid in the foreclosure markets.

People will not be able to pay the real estate taxes leave alone the hefty mortgages.

US Job report confirms depression and bear market
Peter Oberois
Employers cut a larger-than-expected 467,000 workers, driving the unemployment rate up to a 26-year high of 9.5 percent.
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US real estate markets in deep trouble - Mortgage applications in the U.S. falling very fast
Karen Zuba
This is very serious. The whole premises of Obama Administration is that refinancing and new loans will boost the real estate market which in turn will boost the overall economy.
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473,000 drop in the ADP Employer Services shows real trouble in US employment market – where will Dow be in the next six months?
Karen Zuba
What is the net impact on US equities? According to econometric and quantitative models, the stock market can tank 50% from the current levels in the enxt six to twelve months.
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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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