The Kirk Report

The Trillion-Dollar Rally Posted: 09 Dec 2008 01:05 PM CST The Trillion-Dollar Rally Fed officials consider other fixes for the U.S. economy A struggle for power at the Fed Obama preserves political capital for stimulus plan Obama's nasty surprise The 12 Days of Bailouts Here's an idea - instead of spending, cut taxes Treasury weighs steps to track TARP goals Rescue plan aims to aid some large credit unions Modified loans often lead homeowners back to trouble What's up with the mortgage bond market? Eric Bolling's letter to Detroit Auto bailout sentiment Many car-parts makers could go under Need free money? Here's your government application! Want real stimulus? Try Universal Healthcare How to pay for national health insurance Public Debt, Inflation and the Stock Market Earnings expectations are still way too high Has the market finally priced in all the bad news? U.S. companies could face a pension contribution tab of $40 billion Pace of job cuts suggests more pain lies ahead Last Friday's jobs report was even worse than reported Lower mortgage rates are no silver bullet Say good-bye to credit as card limits are slashed Downturn puts damper on holiday parties Companies selling luxury goods try to cut costs Bonus season on Wall Street to look different this year Funding crunch has colleges scrambling All eyes on the 50 day moving averages And Fibonacci levels S&P 500 resistance levels Now overbought, but room to run What about money flow? Treasury bills send off another contrarian alert The Current Bubble! A volatility bubble 5 sparks for a stock market comeback 2,267 companies around the globe are offering profits to investors for free Aren't we all tired of being a bear? 10 contrarian reasons for a bottom 10 clues a new bubble is blowing The stock market's 1930s-style behavior The economy isn't at Great Depression levels According to Laszlo Birinyi, it's time to lose the bunker mentality Michael Steinhardt has turned bullish on equities So has Barry Ritholtz We're now on the road to recovery? The Catastrophe Capitalist Nassim Taleb on Charlie Rose Fleck shuts down short hedge fund Heebner the Contrarian The real financial weapon of mass destruction: mark-to-market accounting Who gets it and who doesn't on Wall Street The 2009 Investing Survival Guide Congratulations - you just survived the third worst bear market on record Another perspective for historic stock returns Investors turn the screw on buy-out groups Cash-strapped investors are starting to renege on their commitments to venture-capital funds Hedge fund withdrawals accelerate Resurrecting the uptick rule draws criticism More skepticism over dollar rally Optimism builds for gold Oil contango! Which major energy stock is best for 2009? After the latest rip, there are no sectors in green buy zone Sector and stock buy ratings Why China will recover first The U.S. is starting to look like Japan in the 1990s Japan calling Dubai speculators quit European taxpayers may be getting better deal in rescues Automakers in other nations get more government help The next disaster south of the border Obama pledges public works on a vast scale Investors go wild for Obama infrastructure plays IBD profiles Emergency Medical Services 17 companies try to take the high road Harry Domash's stocks for a rebound Jubak offers up 10 picks for income investors Stocks with strong charts Why some traders make it! How to identify targets for your trades Predicting trend changes using triangles More buyers than sellers How to build a winning trading plan Brett Steenbarger on setting effective trading goals A mean reversion strategy Investing lessons from 2008 A profile of John Bollinger How to play defense in a tough market Does your portfolio need a year-end face lift? How to streamline a portfolio Building a Presidential Portfolio with ETFs Five ETFs to own in December ETFs have room to grow 5 pitfalls of ETF investing Broker plans bourse for movie futures 4.36% 1-year CD at E-Loan Saving by spending on year-end medical costs I'd rather be trading (than shopping) Some people give to charitable organizations. Others start their own The Mom Song! "Success usually comes to those who are too busy to be looking for it." - Henry David Thoreau This posting includes an audio/video/photo media file: Download Now

Overbought, Now What? Posted: 09 Dec 2008 08:30 AM CST Good morning. Premarket futures have been volatile all morning (although currently negative) following impressive gains over the past two trading days. Once again this morning a number of well known companies have cut their guidance (see Fedex (FDX) & Texas Instruments (TXN)) while reports indicate that the White House and Congress are progressing toward a bailout of the automakers. Meanwhile, retail chain store sales fell 0.8% Premarket gainers: DRYS, KFN, GGP, XCO, EXM, SMS, GNK, THC, MEI, EGLE, SNE, NAT, TBSI, ALTH, & HMA. Premarket losers: TRGT, XTLB, FDX, PBY, CNW, STP, NSM, IFX, ODP, RY, NT, UPS, FSLR, DELL, FWLT, HTS, F, GM, YHOO, TXN, LVLT, DHR, & UBS. The day's only economic report - pending home sales - will be reported at 10:AM. No doubt, the bailouts for the auto industry and Obama's stimulus plan will be the primary focus. As you may already know, 9 out of the last 11 trading days have been positive and we're fast approaching some extreme overbought readings in some of the oscillators - like the McClellan Oscillator: However, a confirmed and sustained close above 927 in the S&P would be a significant positive development in my view and could go a long way help confirm that we're seeing something more than just another bear market bounce. In other words, bear markets get sold when they get this overbought and failure to do so is an important thing to consider. Go make it a great day!

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