On Break

11/16/2008

BMB On Break

It’s time again for a little BMB R&R, especially with the market behaving as bizarrely as it’s been. Maybe if we stop watching it start to behave a little better…

Posting will be very light and variable over the course of this week, but we’ll put up an open thread each market day for our readers to comment on the day’s market activity or to post any interesting links they might run across.

Check the space below for whatever the latest might be during this ‘off’ time, and please visit the various sites in the ‘Links’ and ‘Regular Stops’ for up-to-date market news and analysis.

BMB will be back in full swing by next weekend.

Posted: 1:00 pm

11/7/2004

Dollar Slide Worsens

USD chart The dollar at multi-year lows + an ever-increasing U.S. trade deficit = a recipe for significant inflation.
Posted: 4:22 pm

Money for Nothing

The effects of today’s easy money on tomorrow’s housing market.

Posted: 4:13 pm

Rates and REITs

If you’re invested in REITs, you might want to start paying attention to what happens with interest rates over the next few months.

Friday’s blowout jobs report caused quite a stir in the bond market — the resulting selloff pushed the yield on the 10-year Treasury from 4.07% to 4.19% in one day. The Dow Jones REIT index responded as well, falling by 2.8% on Friday. Take a look at how REITs reacted to rising interest rates earlier this year:

TNX chart In mid-March, 10-year Treasury yields began a move upward that would last until mid-June.
DJR chart The Dow Jones REIT index fell significantly over that same time period, resuming its upward movement only when interest rates leveled off in May.

Charts courtesy of StockCharts.com

Posted: 12:47 pm

Industry View

Still a lot of green showing up in the ‘worst’ industries.

 

Best Performing Industries
Last Week Last 4 Weeks Last 8 Weeks
Airlines +9.8% Airlines +27.9% Internet +16.6%
Defense +5.4% Broker/Dealers +13.2% Comp. Hardware +15.9%
Comp. Hardware +5.1% Comp. Hardware +12.8% Gold +15.2%
Hospitals +5.0% Internet +12.7% Airlines +14.1%
Retailers +4.9% Transportation +10.2% Transportation +13.3%

 

 

Worst Performing Industries
Last Week Last 4 Weeks Last 8 Weeks
Oil Services -1.4% Oil Services -5.5% Drugs -3.8%
REITs -0.1% Disk Drives -5.4% Health Care -2.4%
Semiconductors +1.4% Oil -1.0% Health Care Prods. -1.9%
Drugs +1.6% Paper -0.7% Disk Drives +1.3%
Internet +1.6% Natural Gas 0.0% Paper +2.6%

 

Posted: 11:34 am

Election Deaths

I suppose the media will now begin keeping the election death toll.

C’mon folks. Get a grip.

Posted: 11:04 am