Thursday, July 2, 2009

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7 Reasons Why the Loonie Will Trounce the Dollar. We'll see. The strong upward trend expired about a month ago and since then FXC has been sinking steadily downward. myWealth.com on Seeking Alpha

Banks Falling 23% Since May Foreshadow S&P 500 Slump. Slumps in bank stocks have indeed preeeded all previous declines in the S&P 500 since 2006, and in fact we have a pretty good slump going right now. Bloomberg

Bad News for Banks: Mortgage Apps at 7 Month Low - Seeking Alpha

And the next great bubble will be? Several of the more obvious suspects. The Pragmatic Capitalist

India's security forces have invented fiery-hot but non-lethal chili grenades to control rioters. Sky News

Head and Shoulders Action Almost Perfect - Trader Mark on Seeking Alpha. A little too perfect, in my opinion. Nevertheless, "S&P 880 is the line in the sand."

Most asset classes have been moving in tandem lately, and "High correlations are a signal to start treating market signals with extreme prejudice." Felix Salmon

7 top investment sites to help superpower your research. No keepers, for me at least, but well worth a look. New Rules of Investing

Somali citizens watch while four men who have been convicted of theft by a Sharia court have their hands and feet chopped off. BBC News

VIX and More: Timing of VIX Bottom. "Based on a number of factors, including my recent comments in VIX at Seasonal Cycle Low, I believe there is a very good chance the VIX may put in an intermediate-term bottom either today or tomorrow (Weds. or Thurs.)."

Fed’s Yellen Says Interest Rates May Stay Near Zero for Years. Yellen’s comments go beyond those made by other policy makers after a June 23-24 meeting, when they said the federal funds rate will likely stay at “exceptionally low levels” for “an extended period.” Bloomberg

"ETFs completely dominate the list of securities most upgraded over the last quarter by those advisers who are making the most money right now. In fact, not one individual stock makes it onto this list; nor does any open-end mutual fund." Mark Hulbert on MarketWatch

Liberals and homosexual activists were outraged by this gay exorcism video.

New York City Council Members Walk Out On Michael Jackson Moment Of Silence - The Awl. "The man was probably a serial pedophile, may have well died of a drug overdose… [he] has multiple sealed settlements with the families of young boys. What exactly is it that we’re exalting?" - Councilman Lew Fidler.

End-of-Quarter Effect: "evidence suggests some systematic strength the first few days after ends of quarters bracketed by weakness or doldrums before and after, with effects small compared to daily return variability. The fourth quarter pattern is the strongest and most distinctive." CXOAG Investing Notes

$70 Oil: The New Normal? December 2015 futures contracts have traded above $66.77 since September 2008, despite market turmoil and the complete collapse of spot oil to under $40 a barrel. BusinessWeek

Mission accomplished! Six Iraqi oil fields holding 5 billion barrels of oil set to be auctioned to Shell, Exxon, and BP the same day that US troops are to be withdrawn from Iraqi cities. wsws.org

"If you ask a Jew whether he supports equality with the Arabs, he will say: 'Certainly', and if you ask if he supports kicking all the Arabs out of here, he will say: 'Certainly'. He sees no contradiction between the two." - Aharon Barak, former President of the Supreme Court of Israel

Israeli cat showing his support for Palestinian cats.

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