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<title>Minyanville - Lloyd Khaner RSS</title>
<description>
The Trusted Choice for the Wall Street Voice
</description>
<link>
		http://www.minyanville.com</link>
<copyright>
		2013Minyanville Publishing and Multimedia, LLC. All Rights Reserved
</copyright>
		<item>
<title><![CDATA[A Serious Drop in Japan's Stock Market Adds to Wall of Worry]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/A-Serious-Drop-in-Japan2527s-Stock/5/23/2013/id/49990</link>
<pubDate>
			Thu, 23 May 2013 10:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/A-Serious-Drop-in-Japan2527s-Stock/5/23/2013/id/49990</guid>
<description>
<![CDATA[Weak Chinese manufacturing numbers and a sudden rise in Japanese bond yields were among the reasons the Japanese Nikkei Index (INDEXNIKKEI:NI225) dropped significantly today, sending stocks lower around the globe. Now the strength of the Nikkei is a concern facing investors everywhere.

For a look at other issues making market-watchers nervous, here&#39;s a review of "Lloyd&#39;s Wall of Worry" published this Tuesday, and updated to include the Nikkei drop. See the bottom of this page for a description of the Wall and an explanation of how it can be used as an investing tool.

The Central Banks Speak, The Markets ]]>
</description>
<content:encoded>
	<![CDATA[Weak Chinese manufacturing numbers and a sudden rise in Japanese bond yields were among the reasons the Japanese Nikkei Index (INDEXNIKKEI:NI225) dropped significantly today, sending stocks lower around the globe. Now the strength of the Nikkei is a concern facing investors everywhere.

For a look at other issues making market-watchers nervous, here&#39;s a review of "Lloyd&#39;s Wall of Worry" published this Tuesday, and updated to include the Nikkei drop. See the bottom of this page for a description of the Wall and an explanation of how it can be used as an investing tool.

The Central Banks Speak, The Markets ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[The Central Banks Speak, The Markets Will Be Listening]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/The-Central-Banks-Speak-The-Markets/5/21/2013/id/49933</link>
<pubDate>
			Tue, 21 May 2013 11:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/The-Central-Banks-Speak-The-Markets/5/21/2013/id/49933</guid>
<description>
<![CDATA[Will this be the week the markets stood still&hellip;and listened? Welcome to Central Bank Week where the Dow (INDEXDJX:.DJI), the S&P (INDEXSP:.INX), and the Nasdaq (INDEXNASDAQ:.IXIC) may have a bit more trouble grinding higher than they&#39;ve had in the last couple of weeks.

Bank of Japan's Governor Haruhiko Kuroda will kick things off on Wednesday with a decision and press conference where no change and lots of market-soothing comments should be made. He will re-emerge to give a speech at a dinner on Thursday, but nothing new is expected unless Wednesday doesn't go well.

Wednesday also brings us US Fed ]]>
</description>
<content:encoded>
	<![CDATA[Will this be the week the markets stood still&hellip;and listened? Welcome to Central Bank Week where the Dow (INDEXDJX:.DJI), the S&P (INDEXSP:.INX), and the Nasdaq (INDEXNASDAQ:.IXIC) may have a bit more trouble grinding higher than they&#39;ve had in the last couple of weeks.

Bank of Japan's Governor Haruhiko Kuroda will kick things off on Wednesday with a decision and press conference where no change and lots of market-soothing comments should be made. He will re-emerge to give a speech at a dinner on Thursday, but nothing new is expected unless Wednesday doesn't go well.

Wednesday also brings us US Fed ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Calls for a Market Correction Looking Incorrect... So Far]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Calls-for-a-Market-Correction-Looking/5/16/2013/id/49848</link>
<pubDate>
			Thu, 16 May 2013 09:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Calls-for-a-Market-Correction-Looking/5/16/2013/id/49848</guid>
<description>
<![CDATA[The Wall of Worry is coming down like a -- you fill in the blank -- and keep it clean; my kids read this thing every once in a while.

At 19 worries, the market is not exactly maxing and relaxing, but we sure have stopped fretting about things that gave our conniptions conniptions just a few short months ago.
 
So where are we? Well, as this Wall goes to print (or zeros and ones), the Dow (INDEXDJX:.DJI), the S&P 500 (INDEXSP:.INX), and the Nasdaq (INDEXNASDAQ:.IXIC) are up mid-teens for the year and the NIKKEI (INDEXNIKKEI:NI225) is up 45%. And ]]>
</description>
<content:encoded>
	<![CDATA[The Wall of Worry is coming down like a -- you fill in the blank -- and keep it clean; my kids read this thing every once in a while.

At 19 worries, the market is not exactly maxing and relaxing, but we sure have stopped fretting about things that gave our conniptions conniptions just a few short months ago.
 
So where are we? Well, as this Wall goes to print (or zeros and ones), the Dow (INDEXDJX:.DJI), the S&P 500 (INDEXSP:.INX), and the Nasdaq (INDEXNASDAQ:.IXIC) are up mid-teens for the year and the NIKKEI (INDEXNIKKEI:NI225) is up 45%. And ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[The Wall of Worry Is Shrinking, Just Like the Supply of US Stocks...]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Stock-Market-Rally-Got-You-Confused253F/5/7/2013/id/49662</link>
<pubDate>
			Tue, 7 May 2013 10:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Stock-Market-Rally-Got-You-Confused253F/5/7/2013/id/49662</guid>
<description>
<![CDATA[There was a time, long, long ago, when the markets made more sense. The fish market, the supermarket, the housing market, the bond market, the stock market -- the basic rules of cause and effect held true in every one. Now it seems less and less so. It is high time to talk about why. Let's go to the markets.

The fish market -- well, for the most part the fishmonger is no more here in the US, so we will say that the fish market sleeps with the fishes and leave it at that. The supermarket has become an ]]>
</description>
<content:encoded>
	<![CDATA[There was a time, long, long ago, when the markets made more sense. The fish market, the supermarket, the housing market, the bond market, the stock market -- the basic rules of cause and effect held true in every one. Now it seems less and less so. It is high time to talk about why. Let's go to the markets.

The fish market -- well, for the most part the fishmonger is no more here in the US, so we will say that the fish market sleeps with the fishes and leave it at that. The supermarket has become an ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Will It Be the Macro Market Week From Heaven or From....]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Will-It-Be-the-Macro-Market/4/29/2013/id/49533</link>
<pubDate>
			Mon, 29 Apr 2013 16:22:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Will-It-Be-the-Macro-Market/4/29/2013/id/49533</guid>
<description>
<![CDATA[Central bank decisions, jobs numbers, and PMI readings -- truly the stuff that macro mayhem is made of. After a week that saw the Dow (INDEXDJX:.DJI), the S&P 500 (INDEXSP:.INX), the Nasdaq (INDEXNASDAQ:.IXIC), basically all the foreign markets, and Apple's (NASDAQ: AAPL) stock rise (take that, Sir Isaac Newton!), let's break down the three-headed macro monster heading our way posthaste.
 
Starting on the almighty interest rate front, the action is likely to go like this: The ECB cuts and the Fed doesn't. Every action has an equal and opposite reaction, right? Well, probably not this time as both are likely ]]>
</description>
<content:encoded>
	<![CDATA[Central bank decisions, jobs numbers, and PMI readings -- truly the stuff that macro mayhem is made of. After a week that saw the Dow (INDEXDJX:.DJI), the S&P 500 (INDEXSP:.INX), the Nasdaq (INDEXNASDAQ:.IXIC), basically all the foreign markets, and Apple's (NASDAQ: AAPL) stock rise (take that, Sir Isaac Newton!), let's break down the three-headed macro monster heading our way posthaste.
 
Starting on the almighty interest rate front, the action is likely to go like this: The ECB cuts and the Fed doesn't. Every action has an equal and opposite reaction, right? Well, probably not this time as both are likely ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[More Market Correction to Come? Ask Mr. PMI]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/More-Market-Correction-to-Come-pmi/4/22/2013/id/49404</link>
<pubDate>
			Mon, 22 Apr 2013 15:30:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/More-Market-Correction-to-Come-pmi/4/22/2013/id/49404</guid>
<description>
<![CDATA[Well, let's chalk last week up as one of the worst in US history and try to move on -- emphasis on "try." The Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC) all finally joined the broader market confirming that a correction is underway. Except, of course, in Japan where the NIKKEI (INDEXNIKKEI:NI225) is now up over 30% in anticipation of QE East fixing 20 years of economic mismanagement quickly -- emphasis on "quickly."
 
While the headline noise around stocks is all about earnings, waiting in the wings are the flash PMI numbers, due out Monday night and Tuesday morning. ]]>
</description>
<content:encoded>
	<![CDATA[Well, let's chalk last week up as one of the worst in US history and try to move on -- emphasis on "try." The Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC) all finally joined the broader market confirming that a correction is underway. Except, of course, in Japan where the NIKKEI (INDEXNIKKEI:NI225) is now up over 30% in anticipation of QE East fixing 20 years of economic mismanagement quickly -- emphasis on "quickly."
 
While the headline noise around stocks is all about earnings, waiting in the wings are the flash PMI numbers, due out Monday night and Tuesday morning. ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Ding Dong, Your Market Correction Has Arrived]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Ding-Dong-Your-Market-Correction-Has/4/15/2013/id/49273</link>
<pubDate>
			Mon, 15 Apr 2013 16:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Ding-Dong-Your-Market-Correction-Has/4/15/2013/id/49273</guid>
<description>
<![CDATA[Just as almost everyone had thrown in the towel on a market correction, we are likely getting it in the chops right now. The sell-off trigger? Maybe the weakness in some global economic numbers, maybe gold's swoon into bear market territory, or just maybe there were more sellers than buyers as we head into the heart of earnings season. Bottom line: We were overdue for a pullback in the Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC), and we all knew it.
 
For you Black Swan bird watchers, perhaps gold's dive bomb is food for thought -- although it is ]]>
</description>
<content:encoded>
	<![CDATA[Just as almost everyone had thrown in the towel on a market correction, we are likely getting it in the chops right now. The sell-off trigger? Maybe the weakness in some global economic numbers, maybe gold's swoon into bear market territory, or just maybe there were more sellers than buyers as we head into the heart of earnings season. Bottom line: We were overdue for a pullback in the Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC), and we all knew it.
 
For you Black Swan bird watchers, perhaps gold's dive bomb is food for thought -- although it is ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Earnings Should Be Good Enough to Keep the Market Rally Alive, But...]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Here-Come-the-Numbers-Earnings-Should/4/9/2013/id/49155</link>
<pubDate>
			Tue, 9 Apr 2013 13:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Here-Come-the-Numbers-Earnings-Should/4/9/2013/id/49155</guid>
<description>
<![CDATA[Well, last week's jobs numbers didn't light us up, but perhaps this week's earnings number will. Or won't. Consensus seems to be around "so-so" -- for our international readers, that's tan-tan, bof, maa-maa, and bu ze me yang. I figure we will get a decent amount of talk about uneven demand, low inventories, and an optimistic view of the second half of 2013, if Europe doesn't get worse. If Europe, if Europe, if Europe &ndash; the words I hear in my head as I lay me down to sleep every night.

	 

	Further east, it looks like the Asia region is ]]>
</description>
<content:encoded>
	<![CDATA[Well, last week's jobs numbers didn't light us up, but perhaps this week's earnings number will. Or won't. Consensus seems to be around "so-so" -- for our international readers, that's tan-tan, bof, maa-maa, and bu ze me yang. I figure we will get a decent amount of talk about uneven demand, low inventories, and an optimistic view of the second half of 2013, if Europe doesn't get worse. If Europe, if Europe, if Europe &ndash; the words I hear in my head as I lay me down to sleep every night.

	 

	Further east, it looks like the Asia region is ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Non-Farm Friday Coming, Can We Stay Above the 200K Mendoza Line?]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Non-Farm-Friday-Coming-mario-mendoza/4/2/2013/id/49015</link>
<pubDate>
			Tue, 2 Apr 2013 12:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Non-Farm-Friday-Coming-mario-mendoza/4/2/2013/id/49015</guid>
<description>
<![CDATA[Who buys cars and houses, the main elements of the US economic recovery? People with jobs do, that's who. So here we sit, staring down a quasi-holiday week (Happy Easter, Worriers) non-farm payroll number that needs to be near or above the 200,000 mark or the long-awaited market correction may be upon us. For the baseball challenged, the Mendoza Line refers to Mario Mendoza, a baseball player who struggled to keep his batting average above a failing -- dare I say, job-losing -- .200 level. C'mon, Mario!
 
Back in basket case central, Cyprus and the rest of the eurozone circus ]]>
</description>
<content:encoded>
	<![CDATA[Who buys cars and houses, the main elements of the US economic recovery? People with jobs do, that's who. So here we sit, staring down a quasi-holiday week (Happy Easter, Worriers) non-farm payroll number that needs to be near or above the 200,000 mark or the long-awaited market correction may be upon us. For the baseball challenged, the Mendoza Line refers to Mario Mendoza, a baseball player who struggled to keep his batting average above a failing -- dare I say, job-losing -- .200 level. C'mon, Mario!
 
Back in basket case central, Cyprus and the rest of the eurozone circus ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Et Tu, Cyprus? Investors Still Fear Ripple Effects of the Mini-Crisis]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/et-tu-cyprus-wall-of-worry/3/20/2013/id/48804</link>
<pubDate>
			Wed, 20 Mar 2013 13:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/et-tu-cyprus-wall-of-worry/3/20/2013/id/48804</guid>
<description>
<![CDATA[Yeah, we were aware of it, and, yeah, it was on the Wall for the last week or so, but we didn't think it was a major buzzkill.

For $17 billion we're gonna close down the 2013 Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), Nasdaq (INDEXNASDAQ:.IXIC), and all global ex-China Bull Market? Jeez, someone write &#39;em a check, slip the ECB an IOU, get &#39;em one of those limitless invisible credit cards for goodness sakes; it's not even springtime yet. Problems like this are supposed to be scheduled for the fall season. Man, it's getting so we can't even do a crisis ]]>
</description>
<content:encoded>
	<![CDATA[Yeah, we were aware of it, and, yeah, it was on the Wall for the last week or so, but we didn't think it was a major buzzkill.

For $17 billion we're gonna close down the 2013 Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), Nasdaq (INDEXNASDAQ:.IXIC), and all global ex-China Bull Market? Jeez, someone write &#39;em a check, slip the ECB an IOU, get &#39;em one of those limitless invisible credit cards for goodness sakes; it's not even springtime yet. Problems like this are supposed to be scheduled for the fall season. Man, it's getting so we can't even do a crisis ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Teflon Markets Ready to Ignore Budget Debates (Again)]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/investing-ideas-stock-market-global-markets/3/12/2013/id/48660</link>
<pubDate>
			Tue, 12 Mar 2013 12:24:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/investing-ideas-stock-market-global-markets/3/12/2013/id/48660</guid>
<description>
<![CDATA[This week, for the first time since 2008, the US Senate will have a budget debate on the floor. Look forward to an uninspiring episode of American Grandstand as these elected fifty dance their way around doing anything substantive. With an average age of 60 plus, this austere group has yet to realize that the days of the Gridlock Twist are long behind us. So hope for the best, but expect unrest.
 
Not that the Teflon markets seem to give a hoot nor holler as the Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), Nasdaq (INDEXNASDAQ:.IXIC), and even the Euro Stoxx 50 (NYSEARCA:FEZ) ]]>
</description>
<content:encoded>
	<![CDATA[This week, for the first time since 2008, the US Senate will have a budget debate on the floor. Look forward to an uninspiring episode of American Grandstand as these elected fifty dance their way around doing anything substantive. With an average age of 60 plus, this austere group has yet to realize that the days of the Gridlock Twist are long behind us. So hope for the best, but expect unrest.
 
Not that the Teflon markets seem to give a hoot nor holler as the Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), Nasdaq (INDEXNASDAQ:.IXIC), and even the Euro Stoxx 50 (NYSEARCA:FEZ) ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Potential Government Shutdown Looming. Would Anybody Notice?]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/wall-of-worry-stock-market-ideas/3/6/2013/id/48559</link>
<pubDate>
			Wed, 6 Mar 2013 14:05:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/wall-of-worry-stock-market-ideas/3/6/2013/id/48559</guid>
<description>
<![CDATA[Just when you thought your elected officials in Washington, DC just couldn't do any less, they pull yet another crisis out of their red, white, and blue Uncle Sam top hats. We are a few weeks away from a government shutdown if Congress doesn't vote for a continuing resolution to keep the waterworks working. Last time we were in this spot, there were odds out there on it actually happening... but right now, I can't find any. Maybe the odds makers lost their funding due to sequestration and had to close up shop.
 
But fear not, greed is emerging from ]]>
</description>
<content:encoded>
	<![CDATA[Just when you thought your elected officials in Washington, DC just couldn't do any less, they pull yet another crisis out of their red, white, and blue Uncle Sam top hats. We are a few weeks away from a government shutdown if Congress doesn't vote for a continuing resolution to keep the waterworks working. Last time we were in this spot, there were odds out there on it actually happening... but right now, I can't find any. Maybe the odds makers lost their funding due to sequestration and had to close up shop.
 
But fear not, greed is emerging from ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Sequestration Is on the Front Burner, but Is It Already Priced Into the Markets?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/sequestration-stock-markets-Stock-market-correction/2/27/2013/id/48406</link>
<pubDate>
			Wed, 27 Feb 2013 11:47:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/sequestration-stock-markets-Stock-market-correction/2/27/2013/id/48406</guid>
<description>
<![CDATA[Extra! Extra! Here&#39;s a Wall of Worry update as the US government is about to raise a glass to dysfunctional failure once again. Will a last-minute deal happen? Maybe. Will they find a way to delay the spending cuts? Very maybe. Could there be a Hail Mary Simpson-Bowles 2.0 to save the day? Never say never.
 
While congressional committees pounded on Fed Chair Bernanke for actually trying to do something to keep the good ship America afloat, the Italian Job election mayhem took a breather, allowing the  Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC) to gain some make-up points. ]]>
</description>
<content:encoded>
	<![CDATA[Extra! Extra! Here&#39;s a Wall of Worry update as the US government is about to raise a glass to dysfunctional failure once again. Will a last-minute deal happen? Maybe. Will they find a way to delay the spending cuts? Very maybe. Could there be a Hail Mary Simpson-Bowles 2.0 to save the day? Never say never.
 
While congressional committees pounded on Fed Chair Bernanke for actually trying to do something to keep the good ship America afloat, the Italian Job election mayhem took a breather, allowing the  Dow (INDEXDJX:.DJI), S&P 500 (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC) to gain some make-up points. ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Correction On! Beginning, Middle, or End Is the Question]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Stock-market-correction-Correction-On-Beginning/2/26/2013/id/48361</link>
<pubDate>
			Tue, 26 Feb 2013 12:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Stock-market-correction-Correction-On-Beginning/2/26/2013/id/48361</guid>
<description>
<![CDATA[Ever fight a bear? Neither have I, but from what I've read and seen on nature shows, they don't go down without a fight. And after seeing the market action for the last week with its swift 3% haircuts to the Dow (INDEXDJX:.DJI) and S&P 500 (INDEXSP:.INX), the bears amongst us aren't quite ready to roll over.
 
It all seemingly started with some Fed meeting minutes that discussed the long-term status of quantitative easing; that was enough to wake the grizzlies. Then a couple of weakish flash PMIs and a potentially tectonic Italian election and presto! It&#39;s correction time, global ]]>
</description>
<content:encoded>
	<![CDATA[Ever fight a bear? Neither have I, but from what I've read and seen on nature shows, they don't go down without a fight. And after seeing the market action for the last week with its swift 3% haircuts to the Dow (INDEXDJX:.DJI) and S&P 500 (INDEXSP:.INX), the bears amongst us aren't quite ready to roll over.
 
It all seemingly started with some Fed meeting minutes that discussed the long-term status of quantitative easing; that was enough to wake the grizzlies. Then a couple of weakish flash PMIs and a potentially tectonic Italian election and presto! It&#39;s correction time, global ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[How Long Can the Correction in Equities Be Delayed?]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/How-Long-Can-the-Correction-in/2/19/2013/id/48210</link>
<pubDate>
			Tue, 19 Feb 2013 14:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/How-Long-Can-the-Correction-in/2/19/2013/id/48210</guid>
<description>
<![CDATA[This I have never seen: The bears and the market naysayers have gone interstellar to hurl negativity on equities. So far, stocks remain Teflon coated. Tepid earnings season... nah. Low trading volumes... nope. Potential for a higher minimum wage rate... nein. How about a massive cut to defense spending? Not even. So there's only one thing left to try. Start throwing rocks, big rocks from other galaxies. Ground impact, yes; market impact, not even a hiccup.
 
The markets have got ups in them for now as the S&P 500 (INDEXSP:.INX) logged yet another positive week, though barely, while the Dow ]]>
</description>
<content:encoded>
	<![CDATA[This I have never seen: The bears and the market naysayers have gone interstellar to hurl negativity on equities. So far, stocks remain Teflon coated. Tepid earnings season... nah. Low trading volumes... nope. Potential for a higher minimum wage rate... nein. How about a massive cut to defense spending? Not even. So there's only one thing left to try. Start throwing rocks, big rocks from other galaxies. Ground impact, yes; market impact, not even a hiccup.
 
The markets have got ups in them for now as the S&P 500 (INDEXSP:.INX) logged yet another positive week, though barely, while the Dow ]]>
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<title><![CDATA[US Economy One Quarter From Recession. Really? Really. Really?]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/US-Economy-One-Quarter-From-Recession/2/5/2013/id/47897</link>
<pubDate>
			Tue, 5 Feb 2013 17:00:00EST
</pubDate>
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			http://www.minyanville.com/special-features/wall-of-worry/articles/US-Economy-One-Quarter-From-Recession/2/5/2013/id/47897</guid>
<description>
<![CDATA[Technically a recession is defined by two quarters of negative GDP readings. The US just got a surprising report that GDP for fourth quarter 2012 was teetering near negative 0.1%. There is plenty of blame to go around, most of it likely legitimate and short-term in impact.

That said, if Lady Liberty doesn't get its act together soon, we could find ourselves limping through the year and dragging down the rest of the world with us. I don't think we will get a repeat of the last quarter in the first quarter of 2013, but with Dysfunction Junction (a.k.a. Washington, ]]>
</description>
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	<![CDATA[Technically a recession is defined by two quarters of negative GDP readings. The US just got a surprising report that GDP for fourth quarter 2012 was teetering near negative 0.1%. There is plenty of blame to go around, most of it likely legitimate and short-term in impact.

That said, if Lady Liberty doesn't get its act together soon, we could find ourselves limping through the year and dragging down the rest of the world with us. I don't think we will get a repeat of the last quarter in the first quarter of 2013, but with Dysfunction Junction (a.k.a. Washington, ]]>
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<title><![CDATA[Can the Inflows Into Equities Continue?]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Can-the-Inflows-Into-Equities-Continue/1/29/2013/id/47697</link>
<pubDate>
			Tue, 29 Jan 2013 12:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Can-the-Inflows-Into-Equities-Continue/1/29/2013/id/47697</guid>
<description>
<![CDATA[A very bright, very experienced market pro recently reminded me, "You don't short a bull market." Why, pray tell? Because bad news is good news, good news is great news, and all because of flows, inflows into equities, to be precise. So far, the markets -- the Dow (INDEXDJX:.DJI), S&P (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC) -- have been robotically ticking higher week after week as money coming in has to buy something. Will this last? Only Mom and Pop America know, and they aren't planning on tipping their hand any time soon.
 
This week will bring us a wheelbarrow full of ]]>
</description>
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	<![CDATA[A very bright, very experienced market pro recently reminded me, "You don't short a bull market." Why, pray tell? Because bad news is good news, good news is great news, and all because of flows, inflows into equities, to be precise. So far, the markets -- the Dow (INDEXDJX:.DJI), S&P (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC) -- have been robotically ticking higher week after week as money coming in has to buy something. Will this last? Only Mom and Pop America know, and they aren't planning on tipping their hand any time soon.
 
This week will bring us a wheelbarrow full of ]]>
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<title><![CDATA[Once a Growth Stock, Apple Is Moving Into the Value Camp]]></title>
<link>
			http://www.minyanville.com/sectors/technology/articles/Once-a-Growth-Stock-Apple-Is/1/24/2013/id/47600</link>
<pubDate>
			Thu, 24 Jan 2013 09:27:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/sectors/technology/articles/Once-a-Growth-Stock-Apple-Is/1/24/2013/id/47600</guid>
<description>
<![CDATA[Editor&#39;s note: This story was originally published on December 17, 2012, as part of our series on Apple stock at $500. 

Let's start with the basics. Apple (NASDAQ:AAPL) is one of the strongest, most respected, most trusted brands in the world. It has revolutionized mobile computing and communication in the last 10 years. It has enviable profit margins for any company in any industry. And lastly, the company has no debt and a massive pile of cash. So what's not to like? The stock market is now sending a few messages, some fundamental, some technical, and some portfolio-related.
 
Fundamentally the ]]>
</description>
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	<![CDATA[Editor&#39;s note: This story was originally published on December 17, 2012, as part of our series on Apple stock at $500. 

Let's start with the basics. Apple (NASDAQ:AAPL) is one of the strongest, most respected, most trusted brands in the world. It has revolutionized mobile computing and communication in the last 10 years. It has enviable profit margins for any company in any industry. And lastly, the company has no debt and a massive pile of cash. So what's not to like? The stock market is now sending a few messages, some fundamental, some technical, and some portfolio-related.
 
Fundamentally the ]]>
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<title><![CDATA[Are We in a 'Bad News Is Good News' Stock Market?]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Are-We-In-A-Bad-News/1/23/2013/id/47570</link>
<pubDate>
			Wed, 23 Jan 2013 14:00:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Are-We-In-A-Bad-News/1/23/2013/id/47570</guid>
<description>
<![CDATA[Consumer sentiment is down, stock indices including the Dow (INDEXDJX:.DJI), S&P (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC) are up. Eurozone GDP expectations lowered eurozone stock markets a la DAX (INDEXDB:DAX), and the FTSE 100 (INDEXFTSE:UKX) rose in response.

What gives? Well, we may have just entered that odd market environment when bad news is good news and good news is great news. Is this being caused by inflows into equities? Maybe. But the real question is whether or not this quasi-Goldilocks environment will continue. We'll see.
 
Back in Worryville, the Davos crowd has a lot to talk about. While there is likely ]]>
</description>
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	<![CDATA[Consumer sentiment is down, stock indices including the Dow (INDEXDJX:.DJI), S&P (INDEXSP:.INX), and Nasdaq (INDEXNASDAQ:.IXIC) are up. Eurozone GDP expectations lowered eurozone stock markets a la DAX (INDEXDB:DAX), and the FTSE 100 (INDEXFTSE:UKX) rose in response.

What gives? Well, we may have just entered that odd market environment when bad news is good news and good news is great news. Is this being caused by inflows into equities? Maybe. But the real question is whether or not this quasi-Goldilocks environment will continue. We'll see.
 
Back in Worryville, the Davos crowd has a lot to talk about. While there is likely ]]>
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<title><![CDATA[Investors on High Alert: Is This an Eerie Calm or Just a Calm Calm?]]></title>
<link>
			http://www.minyanville.com/special-features/wall-of-worry/articles/Stock-Market-Signal-wall-of-worry/1/16/2013/id/47423</link>
<pubDate>
			Wed, 16 Jan 2013 15:16:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/special-features/wall-of-worry/articles/Stock-Market-Signal-wall-of-worry/1/16/2013/id/47423</guid>
<description>
<![CDATA[A calm stock market is not an altogether new phenomenon, but I for one can't tell you the last time it felt like this. This enhanced state of calm coupled with a curb height VIX (^VIX) has got some investors on high alert. They say when it gets like this, you better watch out! To which the Dow (INDEXDJX:.DJI), S&P (INDEXSP:.INX), Nasdaq (INDEXNASDAQ:.IXIC), and most markets around world reply, "Eh?" as they continue their slow, steady march higher.
 
Earnings season has started and so far it's not so bad, not so good, not so eventful. The bears warn again about ]]>
</description>
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	<![CDATA[A calm stock market is not an altogether new phenomenon, but I for one can't tell you the last time it felt like this. This enhanced state of calm coupled with a curb height VIX (^VIX) has got some investors on high alert. They say when it gets like this, you better watch out! To which the Dow (INDEXDJX:.DJI), S&P (INDEXSP:.INX), Nasdaq (INDEXNASDAQ:.IXIC), and most markets around world reply, "Eh?" as they continue their slow, steady march higher.
 
Earnings season has started and so far it's not so bad, not so good, not so eventful. The bears warn again about ]]>
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