The Kirk Report

Survival Tactics Posted: 27 Feb 2009 11:58 AM CST The incredible shrinking economy 7 signs of an economic bottom What ever happened to the winter rally? A prolonged financial hardship, even civil war, before the Great Recession ends After the crash, the long road back Short sellers are about to get wiped out? Stocks are still 20% to 30% overvalued Worst case scenario? S&P 450 A VIX divergence How to survive until the next bull market The gravity-defying debt problem Yale's Tobin guides Obama Americans mixed on Obama budget, fret over deficit A budget process hijacked by selfish interests One man who absolutely loves Obama's budget Will raising taxes on those making more than $250K be enough to pay the bills? Taxes test Obama's support among higher-income voters Who is going to bail out the FDIC? Ron Paul questions Ben Bernanke The stress-test mess It's not much fun to be a banker these days Bankers need more skin in the game Bank tests ignore black swans Everyone is concerned about those insurance companies Time to kill the Quants? Financially stupid people are America's most toxic asset An important divergence between the small-cap and large-cap sectors Sign of the times - buyers abandon 6-figure deposits Average hedge fund is in 70% cash at the end of every day? Bill Gross declares the death of equities The most favored investment this year Gold fever sweeps suburbia Love those mining stocks? Goldman Sachs doesn't Investors seek refuge in U.S. dollar Thoughts about China from Goldman China's pension fund goes abroad Bottom fishing in Brazil? What about Canada? Financial crisis sparks unrest in Europe Health care takes a big hit Healthcare gets a shock treatment Airlines to start charging customers for using the bathroom? Stimulus proposals Have you taken a gander at the Bailout Index? Fannie to draw another $15 billion Lehman algorithms rise from the grave Some confidence from the CEO of Annaly 8 reasons Bank of America is going to $20 Why General Motors matters Microsoft CFO sees tough years ahead Concerns develop over Microsoft's new operating system Cramer unloads stock in TheStreet.com and Howard offers a plan to save TheStreet.com Have you seen my dividend? Stock Gumshoe tracks the teaser stocks 80 winning stocks that have nothing to do with gold Are you really prepared to win? From birth, we are conditioned to trade incorrectly Three Trading Losses Trend following + Monthly Seasonality The Rubber Band Effect Ignore opinions - focus on the price action How to get started in candlestick charting Are you still setting and working on your goals? Set up alerts on anything you care about Are you taking too much (or too little) risk? UltraShort Financial ETF under fire again Active managers haven't done much better than their benchmarks during the bear market Where are the customer's yachts? Stock funds with the largest fees Q&A with fund manager David Winters More scams exposed Three ways some traders get more favorable tax status Sell home yourself? It may be smart, survey finds A built-in safe for your mattress Depression cooking is becoming popular The sexiest job in the next ten years will be statisticians Don't throw stones if you live in a glass house 8 harsh truths that will improve your life "The reality is that there is always a reason to be bullish and bearish--that's what makes markets. What we must discern is where the best probabilities lie." - Todd Harrison

Those September Feelings Posted: 27 Feb 2009 08:00 AM CST Good morning. Premarket futures are under heavy sell pressure as shares of Citigroup plunge after details are revealed of the government's plan which is more dilutive than feared. If that wasn't enough, the GDP fell -6.2% which is much worse expected. Premarket gainers: BCSI, THC, BARE, INT, MGI, OUTD, HMA, UXG, PBT, CETV, CVTX, NVEC, UHS, DTSI, & TWC. Premarket losers: C, FITB, BAC, ERES, LYG, HBAN, PFG, OVTI, KEY, RF, WRES, DECK, JRCC, WFC, RBS, LNC, BCS, GNW, AIB, CIT, STI, SNTA, AZN, SOMX, GTIV, ADSK, HCBK, ADBE, FSLR, & CVA. Along with focus on the financials, there will be plenty of Fedspeak today from Yellen, Bullard, Rosengren, and Plosser. At 10:AM we also have the University of Michigan Consumer Sentiment report. With Citigroup trading at $1 per share in the premarket, it reminds one of last September especially as some notable pundits urge people to run in a crowded theater. Although not alone, Jim Cramer is out urging readers to "sell if they don't need the money for anything important." Hopefully we get a solid break of those November lows (S&P 741) and clear out the stops that are likely to be set by anyone trying to catch a bottom this week (myself also included). What hope was out there should be vaporized in that kind of breakdown and that's the only good thing I can say about it. Have a great Friday!

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