The Kirk Report

Market Imbroglio Posted: 17 Nov 2008 01:58 PM CST Obama says he will do whatever it takes on economy Obama & Pelosi may throw as much as half a trillion dollars worth of stimulus at the economy Key questions from the G-20 Summit The 6 unknowns that are roiling the stock market NABE Panel sees prolonged recession Fed forecasting Encouraging news will probably be in short supply this week This week's events and earnings calendar A depressing look at the Empire State Manufacturing Survey Industrial production bounces back from storms Facing deficits, States get out sharper knives The Wizard of Oz Banks keep lending, but that isn't easing the crisis FDIC may change its plans after banks complain Federal aid? Not for us, proclaim some ABCPMMMFLF How about a rescue plan without taxpayer money? Q&A with Ron Paul The right kind of bailout The blanket of secrecy on federal bailout Bailout Watch A visual guide to the financial crisis A giant wave of M&A-related writeoffs are coming soon More lessons from Lehman Can you spot the bankruptcy attorney? According to Hussman, the stock market is not in uncharted territory You know the holidays are fast approaching when you hear lots of chatter predicting year-end rallies "I think there is still too much optimism for an ultimate bottom to have formed." - Ryan Detrick If recent lows don't hold, we'll soon see Armageddon Why last Thursday hit the bear market lows Taking a weekly view of the S&P A sustainable rally will require the participation of XLF, XHB, and XLY "The stock market reflects future fundamental conditions about 6 months ahead. Economic news has been growing dramatically worse as time goes on, with no visible end to the downward fundamental spiral. Some economists see weakness for another 12 months. If so, then it would be too early for a change in the major trend." - Robert Colby CEOs, directors and other senior officers at NYSE-listed companies purchased $1.37 billion worth of equities in October What will likely prove to be an excellent contrarian indicator - hedge funds abandon stocks! Attention Joe Investor! The markets are all yours now! Smart investors are preparing for the rising tide Price declines leave many stocks at historically low valuations Lurking danger to your retirement plans The economy gets a margin call Welcome to the New Ickonomy Sign of the times - thrift shops are the new cool The number of personal bankruptcy filings jumped nearly 8% in October from September Consumers aren't shopping online, either For many people who once only dreamed of a $1 million home, today a $500,000 home is looking pretty good Are you an idiot to keep paying your mortgage? Good news - the cost of living in the U.S. probably fell in October by the most in almost sixty years Mining companies are now struggling to climb out of a very deep hole Gold to remain a safe haven despite volatility Strong greenback is bad news for emerging markets Investors who placed summer bets that oil prices would fall below $100 a barrel are set to make huge profits Troubled economy drags down China's power consumption Investors pull $3.4 billion out of Asia hedge funds Canadian banks are well-positioned to make buys in US and Europe Japan enters recession Russia has been losing $10 billion in foreign reserves a week Baidu's questionable search tactics GM would cost the government as much as $200 billion should it be forced to liquidate GM puts Ripple Effect video on YouTube Deep job cuts planned at Citi Charlie Schwab can outshine its peers 10 financials you'll want to buy Three stocks for your forever portfolio Domash's solid high dividend stocks Trading systems - a complex world with simple answers Ripe Trade's RSI Strategy Another strategy - buy the S&P when it moves more than 5% above its 200 day moving average and hold until it breaks 5% below Mechanical stock picking and market timing Improving your trading by thinking less Strong emotions and successful trading do not mix Trending markets and the VWAP A primer on behavioral economics The role of creativity in trading Four personality groups of investors Using options to trade volatile markets Asset allocation recommendations of Wall Street strategists turn out to be a tremendous contrarian signal for spotting market trends Secular market trends A conversation with Barry Ritholtz Nassim Nicholas Taleb's home page You can't always get what you quant! How to buy bad stocks Risk management is job #1 Triple ETFs will revolutionize day trading SEC opens door for ETFs of ETFs The 3 best ETFs for adding to your mix of assets S&P index bests most actively managed funds Ken Heebner's eggs in the financial basket Muni market could benefit from Obama's promise For those Thanksgiving shoppers among us - Black Friday Ads Are you still only using one monitor? How to set up multiple monitors 10 ways to speed up your web browsing BareSite allows you to make any website mobile MiniTask provides minimalist task management If you're concerned with download limits that your ISP may be imposing and would like a way to monitor your usage to keep within those limits, use the free BitMeter Read emails in your favorite feed reader A free office suite Collect, organize and monitor all of your online investment research Dilbert on Investing "My three keys to success: One, work hard. Two, be your own person. And three, have a passion for what you're doing." - Juli Inkster, Hall of Fame golfer

Heartbreakers Posted: 17 Nov 2008 09:03 AM CST Last Valentine's Day we put together our annual list of heartbreakers - i.e. stocks that members thought would give investors the most heartbreak over the next year. Within now just three months left to go, the heartbearkers are collectively down -45% (41 losers & 3 winners). The biggest heartbreaks so far? Crocs (CROX), Istar Financial (SFI), Las Vegas Sands (LVS), Dryships (DRYS), & MGM Mirage (MGM) have lost more than -80% since February 14, 2008. Ouch! This posting includes an audio/video/photo media file: Download Now

Talking Points Posted: 17 Nov 2008 08:30 AM CST Good morning. Premarket futures are pointing to a weak start as the market expresses its disappointment for world leaders at the G-20 meeting. Other than more talk and promises, nothing new was achieved. Other talking points this morning include auto-parts markers pushing for aid, Goldman Chiefs give up their bonuses, Citigroup among others are expected to announce big job cuts this week, the empire manufacturing survey dropped more than forecast, and UPS won't forecast holiday-shipping volumes as it has in the past. Premarket gainers: GNW, CMP, PSUN, GNTX, TWTC, FMCN, RGLD, MDTH, FMCN, LHCG, LVS, FNM, SID, MHLD, AMD, ETN, GM, NOK, CVD, DSX, SCHW, & CLNE. Premarket losers: UTHR, APWR, HOV, RBS, MTL, FSYS, AEG, CSIQ, CLF, BIDU, CIT, LYG, UIS, OI, DELL, ING, AKAM, COF, CF, FWLT, NCC, GVA, TGT, FCX, WFR, GS, LOW, & BUCY. This week's economic calendar is light and today is no exception with no major reports due in today's session. We do have options expiration on Friday and positive seasonal trends both this week and around Thanksgiving. Needless to say, holding Thursday's lows (S&P 820) will be the focus in any weakness today as well as Thursday's closing high (S&P 911) for short-term direction. Let's go make it a profitable week!

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