Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

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• Too Big to Suffer a Loss

  Published 13 September 2008 | viewed 6,831 times

  For the week, the Dow gained 1.8% (down 13.9% y-t-d) and the S&P500 increased 0.8% (down 14.8%). The Utilities rose 2.6% (down 14.8%), and the…

• Just the Facts

  Published 07 September 2008 | viewed 6,005 times

  For the week, the Dow sank 2.9% (down 15.4% y-t-d) and S&P500 fell 3.3% (down 15.4%). The Transports dropped 4.4% (up 7.0%), and the Morgan…

• Ponzi Finance Dynamics Still at Play

  Published 30 August 2008 | viewed 7,539 times

  For the week, the Dow (down 13.0% y-t-d) and S&P500 (down 12.6%) both declined 0.7%. The Transports added 0.9% (up 11.7%), while the Morgan Stanley…

• Just the Facts

  Published 23 August 2008 | viewed 5,674 times

  For the week, the Dow shed 0.3% (down 12.3% y-t-d) and the S&P500 declined 0.5% (down 12%). The Transports fell 1.9% (up 10.6%), while the…

• Dysfunctional Pricing Backdrop

  Published 15 August 2008 | viewed 6,010 times

  For the week, the Dow dipped 0.6% (down 12.1% y-t-d), while the S&P500 added 0.1% (down 11.6%). The Morgan Stanley Cyclical index added 0.6% (down…

• Burst Bubble: Energy or Speculator?

  Published 09 August 2008 | viewed 4,293 times

  For the week, the Dow jumped 3.6% (down 11.5% y-t-d) and the S&P500 gained 2.9% (down 11.7%). The Transports surged 5.4%, increasing 2008 gains to…

• The Uppers

  Published 01 August 2008 | viewed 5,472 times

  For the week, the Dow dipped 0.4% (down 14.6% y-t-d), while the S&P500 added 0.2% (down 14.2%). The Morgan Stanley Cyclicals jumped 1.6% (down 14.5%),…

• A GSE Perspective

  Published 26 July 2008 | viewed 4,266 times

  Hyper-volatility was the order of the week, although the major averages ended with only small changes. For the week, the Dow declined 1.1% (down 14.3%…

• Benchmark MBS and the SEC

  Published 25 July 2008 | viewed 2,731 times

  July 18, 2008 For the week, the Dow surged 3.6% (down 13.3% y-t-d) and the S&P500 gained 1.7% (down 14.1%). The Transports rallied 4.8% (up…

• Sorry, But Just the Facts

  Published 11 July 2008 | viewed 6,146 times

  For another week in a historic period, the Dow declined 1.7% (down 16.3% y-t-d) and the S&P500 fell 1.9% (down 15.6%). The Transports were hammered…

• Starbucks, the "Core," and Conventional Mortgages

  Published 06 July 2008 | viewed 6,236 times

  For the week, the Dow slipped 0.5% (down 14.9% y-t-d), and the S&P500 declined 1.2% (down 14.0%). Economically-sensitive issues were hammered. The Morgan Stanley Cyclicals…

• Just the Facts

  Published 27 June 2008 | viewed 6,171 times

  For the week, the Dow was pounded for 4.2% (down 14.5% y-t-d), and the S&P500 sank 3.0% (down 12.9%). Economically-sensitive issues were under pressure, with…

• Good Inflation?

  Published 21 June 2008 | viewed 4,060 times

  For the week, the Dow was clobbered for 3.8% (down 10.7% y-t-d) and the S&P500 was hit for 3.1% (down 10.2%). The Transports rose 1%,…

• Stage II Predicaments

  Published 14 June 2008 | viewed 5,773 times

  For the week, the Dow added 0.8% (down 7.2% y-t-d), while the S&P500 was little changed (down 7.4%). The Transports were down 1.9% (up 12.7%),…

• Q1 2008 Flow of Funds

  Published 06 June 2008 | viewed 4,572 times

  Volatility, "Monetary Disorder", and, seemingly, systemic risk have returned. For the week, the Dow dropped 3.4% (down 8.0% y-t-d), and the S&P500 was hit for…

• Just the Facts

  Published 30 May 2008 | viewed 4,706 times

  For the shortened week, the Dow gained 1.3% (down 4.7% y-t-d), and the S&P500 rose 1.7% (down 4.6%). The Transports jumped 5.4%, increasing 2008 gains…

• A Red Herring

  Published 16 May 2008 | viewed 5,335 times

  For the week, the Dow gained 1.9% (down 2.1% y-t-d), and the S&P500 rose 2.7% (down 2.9%). Economically-sensitive issues were strong. The Transports jumped 3.4%,…

• A New Inflationary Epoch

  Published 09 May 2008 | viewed 5,360 times

  For yet another extraordinary week in global markets, the Dow declined 2.4% (down 3.9% y-t-d) and the S&P500 fell 1.8% (down 5.5%). The Transports were…

• Revisting Financial Arbitrage Capitalism

  Published 02 May 2008 | viewed 4,122 times

  For the week, the Dow gained 1.3% (down 1.6%) and the S&P500 1.1% (down 3.7%). The Transports jumped 3.7% (up 16.1%), and the Morgan Stanley…

• The Meaning of Stage II

  Published 25 April 2008 | viewed 6,071 times

  For the week, the Dow added 0.3% (down 2.8% y-t-d), and the S&P500 increased 0.5% (down 4.8%). The Transports gained 0.3%, increasing y-t-d gains to…