Monday, August 9, 2010

Muni Bond

This year 2010, Aug is alarmingly different.

Already this year, 122 municipal bonds ($2.997 billion) have defaulted, and 78 more (another $2.705 billion) are about to default.

Wednesday, August 4, 2010

FCPO-A1006 - Profit Triggered at 2595.

Profit = 2 pt X 10 Lot X RM25 = RM500.

FCPO-A1006 - Profit Trail to 2595.

FCPO-A1007 - Cut lost Nov 10 lot at 2581.

Total Lost = 5 pts X 10 lot X RM25 = RM1,250.

FCPO-A1007 - Sell Nov 10 lot at 2576.

FCPO-A1006 - Buy Stop triggered 10 lots @ 2593.

FCPO-A1006 - Buy Stop at 2593.

FCPO-A1005 - profit triggered at 2581.

Profit = 30 pts X 10 Lot X RM25 = RM7,500.

FCPO-A1005 - Trail profit to 2581.

zero percent growth rate by 2011. Here’s why:-

1. The long-term trend back towards consumer frugality and higher savings rates remains in full force. This will dampen consumer spending.


2. A double dip in housing prices is likely, because subsidies are ending and the backlog of foreclosure resolutions is about to accelerate.


3. The impact of the Obama administration’s stimulus plan is fading, and is not leading to any real “multiplier” effects because most of it went to plug holes in state government budgets.


4. European and Chinese GDP are slowing for well-publicized reasons.


5. Those who create jobs in the U.S. fear rising tax rates rising in 2011, rising energy prices from cap-and-trade legislation, the pro-Wall Street “financial reform” bill, and a laundry list of other anti-business policies.