What’s good for GM is good for US …
Source: Tom Toles, 2 June, 2009. Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.
Read MoreAuthor: Prieur Du Plessis
Making cents of the rand
By Shaun le Roux On Saturday at Loftus there were too many Bulls and not enough Chiefs. When they are in the mood the Bulls are unstoppable and I would have backed Fourie du Preez to hold the Chiefs at bay on his own with...
Read MoreWhat every bungee jumper knows
By Cees Bruggemans As monthly output releases paint a grim picture of an economy in freefall and operating way below resource capacity, financial data releases (falling inflation, constrained credit extension, narrowing trade...
Read MoreSecular bull in commodities remains intact
The Chinese Purchasing Managers Index (PMI) for May remained in the expansionary zone of higher than 50%, although it moderated to 53.1% from 53.5% in April, according to Li & Fung Research Centre. Although eight of the 11...
Read MoreHow far can the dollar fall?
The strategy of the Fed and Treasury to create trillions of dollars in new debt spells a gloomy outlook for the US greenback with important ramifications for investment decisions. In an attempt to cast light on the most likely...
Read MoreEconomist brains
A shipwreck victim washes up on an unknown South Seas island, one with a surprisingly developed economic system, if based on cannibalism. Wandering penniless through the local meat market, he notices the stall selling human...
Read MoreSA PMI shows modest increase
By André Coetzee, Kagiso Securities. The seasonally adjusted KagisoPMIimproved slightly in May,posting an increase to37.3 index points œ the first risesinceJanuary 2009. The average PMI for the first two months of...
Read More“Less bad” PMI good for equity returns
The ISM manufacturing Purchasing Managers Index (PMI) for the US last month recorded a further increase – from 40.1 in April to 42.8 in May. Although the Index improved, the number below 50 still represents a contracting...
Read MoreThe last GM dealership
Source: Singe Wilkinson, June 2, 2009. Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.
Read MoreTechnical talk: Breaching the 200-day line
The comments below were provided by Kevin Lane of Fusion IQ. So far the futures are up strongly, with the S&P 500 futures holding above its 200-day moving average near 933. Once open, if the S&P 500 can stay above its...
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