August Reading

The markets continue to make new highs while reports say many or most individual investors are not participating.  They missed my memos (newsletter and Seeking Alpha articles) that explained how you should buy assets located right under Ben Bernanke's helicopter. 

• Subscribe NOW and get the August 2013 Issue of "Kirk's Investment Letter" for FREE!!

Here are some of my recent articles to read:

Aug 13 Timer Digest's Top Stock Market Timers:
Kirk's Investment Letter in First Place!
Aug 13 Timer Digest's Top Bond Market Timers
Kirk's Investment Letter in First Place!

Aug 08 European Stocks Making New Post-Financial-Crisis Highs
Aug 07 NanoViricides Soaring on Recent News
Aug 06 FNSR Finisar Soars After Hours on Strong Guidance
Aug 01 Dow Jones Economic Sentiment Indicator, ESI vs S&P500 Update
July 31 Dow Jones Industrial Average Adjusted For Inflation - Historical Graph
July 26  SPY Makes New Record High While ECRI's WLI At 119-Week High
July 21 NASDAQ Composite: Kirk's Irrational Exuberance and Pessimism Trend Lines


best regards
Kirk Lindstrom
http://kirklindstrom.com/

----

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IMF Economic Forecasts for the US

The International Money Fund, IMF, expects slow but steady economic recovery for the United States two years after the worst of the financial crisis.

click for full size table

In the June 20, 2011 "Concluding Statement of the 2011 Article IV Mission to The United States of America" the IMF makes the following forecast for US GDP growth:

• 2011: 2.5 percent
• 2012: 2.7 percent
• 2013: 2.7 percent
• 2014: 2.9 percent
• 2015: 2.9 percent
• 2016: 2.8 percent

The IMF notes many downside risks discussed in more depth at  IMF Economic Outlook for the US

These are some interesting charts to keep an eye on:

• Chart of Historical LIBOR rates vs time
• CalPERS Asset Allocation Ratio and Target Annual Return
  
•  Rising Wedge Reversal Pattern - DOW
•  Gold Price Per Ounce History
  
•  Test of SOX Neckline From Above

Suggested Weekend Reading

Happy weekend! I hope your summer is going well. These are some of my new blog articles for July 2010:

Equity, Bond and Money Market Fund Flows Weekly Report

Money continues to pour into bond funds.  Note net sum into bonds over 2.5 yrs is over $250B while equities show a net decline! It reminds me of how funds rushed into NASDAQ stocks in March 2000... people chasing performance unaware of the huge risk.

Best CD Rate Survey

The top CD annal percentage yield (APY) this week is at Pentagon Federal Credit Union for a 7-year certificate of deposit currently paying 3.51%. From my survey of six months ago, this same certificate was paying 4.5%!

This should make Jas happy:

Death Cross for S&P500 - Chart & Values

The last time there was a death cross for the S&P500, the market crashed.

ECRI Weekly Leading Indicators Widely Misunderstood

Bottom line, neither the “experts” predicting that the sky is falling based on the WLI, nor the other “experts” indulging in misinformed WLI-bashing in an effort to discredit the super-bears, have a real clue to what the WLI is all about. We created the WLI.....

DOW Stocks YTD at end of First Half 2010

Not a pretty sight!

-Kirk out