http://www.tkginternational.com/blog Tue, 07 Apr 2009 20:21:00 +0000 http://backend.userland.com/rss092 en 1 ) Deutsche Bank’s former banking analyst Michael Mayo sucker punched the market today, putting out a report ominously entitled “The Seven Deadly Sins of Banking” listing all 11 major banks as “underperforms” or “sells”. Talk about closing the gate after the horses have bolted. At one point the ... http://www.tkginternational.com/blog/?p=221 1 ) The March ADP private sector employment report was diabolical once again, showing a loss of 742,000 jobs, the worst monthly showing in history. Boy, am I getting sick of saying “worse than expected”. To add insult to injury, February was revised up from -675,000 to -702,000. Manufacturing has ... http://www.tkginternational.com/blog/?p=217 1 ) The migration of American business to online formats is accelerating, with over 1,000 new businesses being created every day. Internet advertising continues to go from strength to strength, and is one of the few growth sectors of the economy. The Interactive Advertising Bureau reported that online advertising grew ... http://www.tkginternational.com/blog/?p=209 1 ) Call me an optimist, but I am starting to see crocuses of economic recovery busting out all over. Long side traders now have a spring in their step after a 23% rise in the Dow in three weeks, the best move since 1938. If it is true that ... http://www.tkginternational.com/blog/?p=206 1 ) Once thought an extinct species, the retail stock investor is back with a vengeance. It only took a 23% rally, the best since 1938, to do it. Trading volumes are up 15%-20%. It’s time to take a look at the online brokerage stocks, which have been on a ... http://www.tkginternational.com/blog/?p=201 1 ) Now that traders are partying again on Wall Street, we have to ask, what will take the punch bowl away? The unemployment rate shooting over 10%, which could happen in April or May, would be my first pick. Losses on option ARM loans could accelerate, taking out a ... http://www.tkginternational.com/blog/?p=199 1 ) “I said a few months ago that Washington was all in. We are now all in squared. The FDIC, Fed, and the Treasury are making a concerted effort to turn deflationary swamp water in inflationary wine.” Ah, Paul McCulley, man of Virginia, you have such a way ... http://www.tkginternational.com/blog/?p=197 1 ) I’m sorry I’m late getting my comments out today, but I had to get my application in to manage the Treasury’s latest $1 trillion bailout program. They’re due April 10, and I wanted to get mine in ahead of Black Rock’s. I only have to show $10 ... http://www.tkginternational.com/blog/?p=194 1 ) Way to go Ben! If pouring gasoline on the fire doesn’t work, try nitroglycerine! Some $1.2 trillion is new agency and bond purchases, including previously untouched long-term treasury bonds. Goodbye dollar, hello 4% home mortgage rates. Please see my forecast from months ago that mortgage rates would hit ... http://www.tkginternational.com/blog/?p=188 1 ) The quality of this rally is convincing some investors that this could be the big one. After financials (XLF), which are having an obvious dead cat bounce, the leaders of the past week have been the sectors that led into this recession, like consumer discretionaries (XLY), retailers (RLX), ... http://www.tkginternational.com/blog/?p=186