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Thursday, May 28, 2009

Current Libor Rates

This table shows LIBOR rates are down significantly from a year ago.

Updated 5/27/2009 This week Month ago Year ago
1 Month LIBOR Rate 0.32 0.43 2.38
3 Month LIBOR Rate 0.66 1.04 2.64
6 Month LIBOR Rate 1.22 1.58 2.85
1 Year LIBOR Rate 1.53 1.92 3.07

See Libor Rates at a Glance for current rates and graphs.

Definition: LIBOR is the London Interbank Offered Rate. It is a daily reference rate based on the interest rates banks in the London wholesale money market (or interbank market) offer to lend unsecured funds to each other. LIBOR is usually slightly higher than the London Interbank Bid Rate (LIBID). LIBID is the rate the same banks are prepared to accept deposits.

Monday, May 25, 2009

Jeff Macke Meltdown with CNBC's Dennis Kneale

CNBC'sDennis Kneale asked Jeff Macke a softball question and Jeff replied as if he were off his meds or on his second bottle of scotch.

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 104% (over a double!) vs. the S&P500 DOWN 16% vs. NASDAQ down 22% vs. Warren Buffett's Berkshire Hathaway (BRKA) up 33% (All through 4/30/09) -- (More Info & FREE Sample Issue)

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Does anyone have an idea what Jeff is talking about and why he was so rude?

Jeff Macke is still listed as a regular on "Fast Money" and they give this short bio:
Jeff Macke is a founder and president of Macke Asset Management (MAM). He has been a professional investor for the last 10 years and ran a successful hedge fund from 1999-2004. Macke contributes to CNBC's "Fast Money" and is also the West Coast editor and a contributor to financial web site Minyanville.com
Some blogs are reporting that he's been fired. An anonymous poster asked
Here are the facts kids, take them as you will.
Macke is a great person and a very decent trader.

Jeff, however, has a "problem". I don't know the cause or the extent but it's problem nonetheless and it's getting worse.

Some of you may remember Jeff "slipping" on his kids toy about a month ago and cutting his head.

You may also recall a few weeks ago the Jeff suffered "heat exhaustion" in Florida. That was odd because it wasn't hot in Florida at the time. I know I was there and saw the whole thing.

Then we have the famous clip of the "cars guys".

You see a pattern here?
Another blog, citing unnamed sources, said Macke planned all along to leave CNBC when his contract expired in June.
Our source denied previous reports that there were contract negotiations going on (stressful or otherwise). It was always his intent to leave when his contract expired in the middle of June, and it's possible he will appear on Fast Money at some point before then.
If Jeff has a "problem" then I hope he gets help for it. I enjoy his comments on Fast Money when I tune in to watch or listen.

Post and Read Comments

HURRY! Subscribe NOW and get the May 2009 Issue of "Kirk Lindstrom's Investment Newsletter" for FREE! !

Doubled Money in a Down Market!

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 104% (over a double!) vs. the S&P500 DOWN 16% vs. NASDAQ down 22% vs. Warren Buffett's Berkshire Hathaway (BRKA) up 33% (All through 4/30/09)

As of April 30, 2009, "Kirk's Newsletter Explore Portfolio" is up 5.2% YTD vs. DJIA DOWN 6.9% vs. S&P500 DOWN 2.5%.
(More Info & FREE Sample Issue)

Fast Money: Weeknights 5P / 12A ET on CNBC

Sunday, May 24, 2009

FDIC & NCUA $250,000 Insurance Limit Extended to 2013

On May 20, President Obama signed a law the Helping Families Save Their Homes Act of 2009. The law expands the reach of the Administration’s Making Home Affordable Programs, improves the Federal Housing Administration’s Hope for Homeowners program and streamlines how HUD supports thousands of homeless support programs across America. Also important to CD investors is the law includes provisions that extend the $250,000 FDIC & NCUA deposit insurance limit to December 31st, 2013.

Last year when the financial crisis began, FDIC and NCUA deposit insurance was temporarily increased from $100,000 to $250,000 until the end of this year to help the banks. The bulk of the bill dealt with mortgages and foreclosures, so higher deposit insurance took a back seat in terms of limelight. If $250,000 of coverage isn't enough and you don't feel like opening up numerous bank accounts, then you can always $50 million in FDIC insurance through the CDARS program but that comes at a price.

Monday, May 18, 2009

Table of Top 20 Semiconductor Companies by Sales

Intel, Samsung and Toshiba top the list of largest semiconductor companies in the world based on sales.

1Q09 Top-20 semiconductor sales leaders (US$m)

1Q09 rank

2008 rank

Company

Headquarters

2008 sales

Y/Y

1Q09 sales

1

1

Intel

US

34,490

(2%)

6,573

2

2

Samsung

South Korea

20,272

2%

3,686

3

5

Toshiba

Japan

10,422

(12%)

2,008

4

3

TI

US

11,618

(13%)

1,982

5

6

ST

Europe

10,325

3%

1,660

6

8

Qualcomm

US

6,477

15%

1,316

7

9

Sony

Japan

6,420

(11%)

1,270

8

7

Renesas

Japan

7,017

(12%)

1,233

9

12

AMD

US

5,808

(1%)

1,177

10

4

TSMC

Taiwan

10,556

8%

1,162

11

14

Micron

US

5,688

3%

1,010

12

11

Infineon

Europe

5,903

2%

970

13

10

Hynix

South Korea

6,182

(33%)

927

14

13

NEC

Japan

5,732

2%

863

15

18

Broadcom

US

4,509

20%

853

16

19

Panasonic

Japan

4,321

13%

850

17

17

Fujitsu

Japan

4,536

(1%)

820

18

16

Freescale

US

4,959

(11%)

798

19

22

Sharp

Japan

3,411

(7%)

790

20

25

MediaTek

Taiwan

2,845

16%

704


Table courtesy of Digitimes.com

Friday, May 15, 2009

Robert Prechter Predicts Deflation, Depression and New Market Lows

Robert Prechter in a note to his Elliott Wave International clients says the market my go higher in the short term, but it is a bear market rally. Prechter said "“Green shoots” and “Glimmer of Hope" are catch phrases used by bullish pundits to convince the public the worst is over for the economy. He says this is typical behavior for the top of a bear market rally. Prechter cites the failure of the NASDAQ to confirm the new highs made by the DOW and the S&P500 as a sign the NASDAQ is running out of upside momentum.
Dow 8,284.41
Nasdaq 1,687.10
S&P500 884.89
Markets at a glance
In an interview with Reuters, Prechter said:
  • "Our models are (showing) right now that it is a much bigger bear market than most people realize, something along the lines of 1929-1932,"
  • "I think the next leg down will be at least as severe if not more severe than what we just experienced. So you want to stay on the side of safety"
In his 2002 book "Conquer the Crash," Prechter warned of a debt bubble with deflationary depression while recommending US Treasuries. Today he still likes US Treasuries. (See US Treasury Rates at at Glance)

HURRY! Subscribe NOW and get the May 2009 Issue of "Kirk Lindstrom's Investment Newsletter" for FREE! !

Doubled Money in a Down Market!

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 104% (over a double!) vs. the S&P500 DOWN 16% vs. NASDAQ down 22% vs. Warren Buffett's Berkshire Hathaway (BRKA) up 33% (All through 4/30/09)

As of April 30, 2009, "Kirk's Newsletter Explore Portfolio" is up 5.2% YTD vs. DJIA DOWN 6.9% vs. S&P500 DOWN 2.5%.
(More Info & FREE Sample Issue)



Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
(Hardcover w/ Updates for 2009)

by Robert R. Prechter Jr (Author), Robert R Prechter Jr (Editor)

Price: $27.95 & this item ships for FREE with Super Saver Shipping



More Info:


  • US Treasury Rates at a Glance

  • May 14, 2009 Reuters interview

  • ~1995 Barron's Interview
    From: da_cheif™ 7/12/2005 9:04:36 PM
    prechter was interviewed by barrons about 10 years ago...when the dow was at 3500.....he sed that if the dow ever went about 4000 it would prove he didnt know what he was talking about and that nobody should pay attention to him again......lolol.....thats why the recognition wave is still ahead.....it will make the 90s look like childs play....snort

  • LIBOR Rates at a Glance

Tuesday, May 12, 2009

Embed Google Finance charts in Blogs - Feature Request

Dear Google Finance

I want to embed Google (GOOG Charts) Finance charts in my blog posts like I can do now with Yahoo! and Wikiinvest as shown below and at the end of this blog post.

I own Google stock in my personal and newsletter portfolios. Thus, I would prefer to promote Google rather than the other two companies that have nice features to embed charts in blogs but I have no vested interest in using their charts to send them traffic via click throughs.

You already have the feature available for YouTube (example Erin Burnett Videos) so why not add the embed feature to your stock charts?
======================================================

====================================================

For commentary and my current outlook for Google, read "Kirk's Investment Newsletter"

Monday, May 11, 2009

Best Investment Newsletter - Doubled Your Money in a Down Market!

Did your current investment newsletter tell you to raise cash by taking profits near the market top in 2007?

Mine did! I took profits to increase the cash position of my most aggressive "explore portfolio" to 30%.
Did your current investment newsletter tell you to use cash raised when the markets were near their highs to buy a blue chip DOW stock when the markets were at their lowest levels in 13 years?

Mine did! When the markets made a 13 year low, I had cash in the portfolio and told my subscribers to use some of it to buy some General Electric (GE Charts) shares at $6.76.
Click to view full size GE chart courtesy of stockcharts.com

Doubled Money in a Down Market!
Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 104% (over a double!) vs. the S&P500 DOWN 16% vs. NASDAQ down 22% vs. Warren Buffett's Berkshire Hathaway (BRKA) up 33% (All through 4/30/09)

As of April 30, 2009, "Kirk's Newsletter Explore Portfolio" is up 5.2% YTD vs. DJIA DOWN 6.9% vs. S&P500 DOWN 2.5%. (More Info)

HURRY! Subscribe NOW and get the May 2009 Issue of "Kirk Lindstrom's Investment Newsletter" for FREE! !

Did your current investment newsletter tell you to use cash raised from when the markets were near their highs to buy a speculative, very high growth telecom growth stock when the markets were at their lowest levels in 13 years and that telecom stock was making an all time low?

Mine did! I had cash in the portfolio and told my subscribers to use it to buy some some Finisar (FNSR Charts) shares at $0.24. Today at 43¢, Finisar is up 79%!
Click to view full size chart courtesy of stockcharts.com

Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 104% (over a double!) vs. the S&P500 DOWN 16% vs. NASDAQ down 22% vs. Warren Buffett's Berkshire Hathaway (BRKA) up 33% (All through 4/30/09)


HURRY! Subscribe NOW and get the May 2009 Issue of "Kirk Lindstrom's Investment Newsletter" for FREE! !

More information:

Sunday, May 10, 2009

The DOW Measured in Ounces of Gold Up 33% From Recent 17-Year Low

The Dow Jones Industrial Average measured in how many ounces of gold it takes to buy the 30 stock DOW is up 33% from its 17-year March 6th low of 7.03. Despite that impressive gain, the DOW-Gold ratio remains 79% below its 1999 peak of 44.77.

Here is a chart showing the current Dow to Gold Ratio, the ratio of the price of the Dow Jones Industrial Average to the price of gold. When measured in ounces of Gold, the DOW has been in a secular bear market since peaking in late 1999.

Click chart courtesy of stockcharts.com for full size image

The markets, measured by the S&P500 (S&P500 Charts) and DIJA (DJIA Charts), may have recovered to new highs in 2007, but the DOW:Gold ratio told a different, truer story of just how unhealthy the US economy was.
  • Back in 1999, it took 45 ounces of gold to buy the DJIA.

  • On Friday March 6 of 2009 the DOW-Gold ratio hit a low of 7.03

  • As of Friday (May 9, 2009) it only took 9.36 ounces of gold to buy the DOW, a nice jump from the recent low.
The scary part is the DJIA-to-Gold ratio got down near 1 in the early 1980s and was just under 0.2 in the early 1800s.

Which way do you think the DOW-Gold ratio is headed? Post your answer here.

Since 12/31/98 through 5/8/09 "Kirk's Newsletter Explore Portfolio" is UP 107% (over a double!) vs. the S&P500 DOWN 11% . Subscribe NOW and get the May 2009 Issue for FREE!

The DOW/Gold ratio broke out of the "symmetrical triangle" pattern, explained below, when we entered our first recession and the markets were in the March 2000 to October 2002 bear market.

The good news is the chart shows the DOW:Gold ratio is very over sold.

This 200 Year Dow/Gold Chart courtesy of www.sharelynx.com (Click for full size image) shows the DOW/Gold ratio from 1800 through August 2008.


With the DOW:Gold ratio now at 9.36, it is trading below the green zone in the second chart. The ratio is oversold, but nothing says it can't get more "oversold."

CDs have been a "safe haven" for those wishing to preserve assets and get a small inflation adjusted return. See "Very Best CD Rates with FDIC" for a list of the best rates and terms.

US Treasury rates are so low, that they are paying less than long term inflation. See:

More on "Symetrical Triangle" chart patterns: The Bible for technical analysis, Technical Analysis of Stock Trends, by Robert Edwards and John Magee, says about 75% of symmetrical triangles are continuation patterns and the rest mark reversals. This book makes a great Gift!

The "return to the apex" of the Gold/DOW ratio in late 2001, early 2002 confirmed the technical breakdown of this chart pattern.



Since 12/31/98 through 5/8/09 "Kirk's Newsletter Explore Portfolio" is UP 107% (over a double!) vs. the S&P500 DOWN 11% . Subscribe NOW and get the May 2009 Issue for FREE!


Friday, May 08, 2009

Cisco Stock Testing Key Support Level

Cisco Systems (more CSCO charts) is testing its 200-day moving average (DMA) from above as the bulls and bears do battle over this key level. During bull markets, the 200 DMA is support while in a bear market, the 200-DMA is resistance.

Click chart courtesy of stockcharts.com for full size image

Quite often, after resistance changes to support, there is a test from above of the new support level before the stock takes off for big gains.

KEY bull/bear battle:
  • If bullish, buy with a stop-loss below the 200 DMA for what you are willing to lose. If this is a new bull market, then the 200-DMA should become support rather than resistance.

  • If bearish, this is a good place to unload before your expected decline to new lows just as the rally above the 200DMA in 2001 was a good place to get out above $20 before falling to $8 and change in 2002.


I've traded Cisco in the past but I don't have a current position. I prefer other stocks (listed in Kirk Lindstrom's Investment Letter Explore Portfolio.) Also, I did so much buying of other stocks when the market was lower, that now I am looking to take some more profits rather than add more stocks.

Since 12/31/98 through 5/8/09 "Kirk's Newsletter Explore Portfolio" is UP 107% (over a double!) vs. the S&P500 DOWN 11% . Subscribe NOW and get the May 2009 Issue for FREE!

Remember, the S&P500 (S&P500 charts) is up in the 900s from just recently being in the 600s. A correction could come out of nowhere at any time.

The bears think this is a bear market rally before the market makes new lows. By taking some profits on what we bought at much lower levels, we have funds to buy again if the market corrects.

More information:
Doubled Money in a Down Market!
Since 12/31/98 "Kirk's Newsletter Explore Portfolio" is UP 107% (over a double!) vs. the S&P500 DOWN 11% vs. NASDAQ down 21% vs. Warren Buffett's Berkshire Hathaway (BRKA) up "only" 35% (All through 5/8/09) (More Info)

HURRY! Subscribe NOW and get the May 2009 Issue of "Kirk Lindstrom's Investment Newsletter" for FREE! !

YTD "Kirk's Newsletter Explore Portfolio" is UP 6.3% vs. the S&P500 UP 2.4% vs. DJIA down 2.6%

Wednesday, May 06, 2009

10-Year U.S. Treasury Auction Results

Today's 10-Yr U.S. Treasury auction results.

Today the US Treasury Department said it received bids totaling more than $54 billion for the $22 billion worth of 10-year notes sold. Thus the bid-to-cover ratio was 2.47, up from 2.21 in February's auction. This indicates the demand for U.S. debt remains healthy.

10-Yr U.S. Treasury auction summary:
  • $54.44 billion Tendered
  • $22.00 billion Accepted
  • CUSIP Number 912828KQ2
  • Series C-2019
  • Interest Rate 3-1/8%
  • High Yield: 3.19%
  • Median Yield: 3.139%
  • Low Yield: 2.900%
  • Issue Date: May 15, 2009
  • Maturity Date: May 15, 2019
For more details, see:

10-YEAR TREASURY NOTE
(
Historical Quotes for: ^TNX)
Click for 1-Day Graph
Click for 5-day graph
Click for Yahoo! 1-Yr Quotes

Related ETFs:
  • iShares Barclays 1-3 Year Treasury Bond - SHY
  • iShares Barclays 3-7 Year Treasury Bond - IEI
  • iShares Barclays 7-10 Year Treasury - IEF
  • iShares Barclays 10-20 Year Treasury Bond - TLH
  • iShares Barclays 20+ Year Treas Bond - TLT

==> Very Best CD Rates with FDIC <==


Friday, May 01, 2009

2009 I-Bond Rates: May 1 through Oct 31, 2009

The Bureau of the Public Debt today announced an earnings rate of 0.00% for Series I Savings Bonds issued from May through October 2009. Earnings rates for I bonds are set each May 1 and November 1. Interest accrues monthly and compounds semiannually. Bonds held less than five years are subject to a three-month interest penalty. I Bonds have an interest-bearing life of 30 years.

I Bond Earnings Rate 0.00%, Fixed Rate 0.10%

For more information, see:
The earnings rate for Series I Savings Bonds is a combination of a fixed rate, which applies for the life of the bond, and the semiannual inflation rate.

The 0.00% earnings rate for I bonds bought from May through October 2009 will apply for their first six months after issue. The earnings rate combines a 0.10% fixed rate of return with the -5.56% annualized rate of inflation as measured by the Consumer Price Index for all Urban Consumers (CPI-U). When the inflation rate is less than zero, a bond's earnings rate is less than its fixed rate (but the earnings rate is never less than zero).

The fixed rate applies for the 30-year life of I bonds purchased during this six-month period.

The CPI-U decreased from 218.783 to 212.709 from September 2008 through March 2009, a six-month change of -2.78%.

For older ibonds and what they will pay, see:

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