Two Ways: Obama's Economic Half Measures? Terry Woo May 11, 2009 5:10 pm |
![]() |
![]() |
|
||||||||||||
![]() |
|||||
| more 2 Ways 2 PLAY » | |||||
|
Despite the recent talk of “green shoots” popping up in economies around the world, one high-profile name warns the US still faces a lost decade similar to Japan in the 1990s.
According to a story by Reuters, Paul Krugman is accusing the Obama administration of performing “half measures” that will only contribute to more economic decline. In a speech in Beijing, the Nobel Prize-winning economist said the recent stress test results may have bought the US some time, but that actions being taken are insufficient if banks are to begin to show true growth.
Krugman expects little to no employment growth this year -- or in 2010 -- and thinks a second stimulus package is becoming “clearly urgent.”
Get Toddo’s thoughts in Randoms: Taxing the System.
From the Bull Pen: Keep watching how the market handles bad news for any hints of demand. Toddo identified IBM (IBM) as being resilient in a heavy tape. Those bullish can set a sell stop below recent lows (near $99).
From the Bear Cave: The Q’s (QQQQ) found support at 20 DMA ($33.70) today. But keep an eye on this stock. Vehicle of choice can be the Ultrashort Q’s (QID). Hope you had a great Monday. Have a great night.
Actionable ideas, instant analysis. Real-time from bell to bell.
Minyanville's Buzz & Banter - 14 day FREE trial
discuss this article and more on the mv exchange |
|
Get real-time options trading ideas from Steve Smith, veteran options trader and newsletter author, plus let him show you the way to cut risk and boost your returns through the strategic use of options. Click here for a free 14 day trial to OptionSmith by Steve Smith.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2009 Minyanville Media, Inc. All Rights Reserved.
| add rss feed | free article alerts |
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
DC
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennesee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Local Guides


















