Daily Reading – January 10, 2011

FT BeyondBRICs: Guest post: bubble trouble in Bangladesh

Regulators closed the Bangladesh stock market after only one hour of trading on Monday due to a second day of record share price declines, with the DGEN index falling more than 9 per cent.

FT BeyondBRICs: China car sales up 33 per cent, official

Auto makers in China finished 2010 with a flourish, posting a 33 per cent increase in passenger car sales. With the ending of government stimulus measures to boost the market after the economic crisis, sales growth is expected to slow this year – but still reach 10-15 per cent.

FT Alphaville: There will be no UK house price fall in 2011

So why might that be?

Here’s Halifax’s housing perma bull Martin Ellis to explain.

FT Alphaville: Timeline Portugal

As goes Greece…

And Ireland…

So goes Portugal?

The Big Picture: QOTD: A Bull on Your Business Card

There was a huge price to be paid for being bearish when there is a bull on your business card, trust me on that one.

The Big Picture: Greenspan: ‘Prove I Was Wrong’

No, Mr Greenspan, it is not the responsibility of the world to disprove you . . .

The Slope Of Hope: Looking For Tops is as Easy as 1-2-3

Whether or not the overall market is currently making a top is debatable and something I will discuss in this weekend’s newsletter (make sure you sign up on the blog’s homepage). Nonetheless, I thought tonight’s blog could discuss what investors should be looking for when analyzing charts as this could help investors in the days ahead.

The Slope Of Hope: Are We There Yet?

The five week ES rising channel saw a serious pinocchio through it on Friday, and broke definitely overnight. The question now is whether equities have made the interim top already.

The Slope Of Hope: What Do the Last 4 Tops in the S&P Have in Common?

So what does the last four tops in the S&P 500 have in common? If you look closely at the chart below, you will notice that the RSI(14) indicator for the % of stocks above the 50-day moving average was on the cusp of breaking below the 50% mark.

Visualizing Economics: Effect of Inflation on S&P Price Return (1871-2010)

Annualized growth rate of since 1871:

Nominal stock price return= 4.0%

Real stock price return = 1.9%



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