Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

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• Setting the Backdrop for Stage Two

  Published 18 April 2008 | viewed 6,013 times

  For the week, the Dow (down 3.1% y-t-d) and the S&P500 (down 5.3%) each jumped 4.3%. The Transports surged 5.9% (up 11.6%) and the Morgan…

• The Greenspan Episode

  Published 11 April 2008 | viewed 4,644 times

  For the week, the Dow declined 2.3% (down 7.1% y-t-d) and the S&P500 fell 2.7% (down 9.2%). Economically-sensitive sectors were weak. The Transports (up 5.3%)…

• Economic Structure and the "Liquidationist Thesis"

  Published 04 April 2008 | viewed 5,483 times

  For the week, the Dow jumped 3.2% (down 4.9% y-t-d) and the S&P500 surged 4.2% (down 6.7%). The Morgan Stanley Cyclical index gained 5.7% (down…

• End of an Era

  Published 28 March 2008 | viewed 6,612 times

  For the week, the Dow declined 1.2% (down 7.9% y-t-d) and the S&P500 fell 1.1% (down 10.4%). the Transports gained 1% (up 4.0%), while the…

• Nationalization

  Published 21 March 2008 | viewed 5,872 times

  The NYSE Financial Index declined 2.1% Monday, jumped 6.8% Tuesday, fell 2.3% Wednesday and then surged 5.0% Thursday. The Bank Index surged 10.2% in this…

• Wishing for Another Z.1

  Published 14 March 2008 | viewed 5,355 times

  For the week, the Dow was up 0.5%, while the S&P500 declined 0.4%. Stating the obvious, these minor index changes don't do justice to daily…

• Q4 2007 Flow of Funds

  Published 07 March 2008 | viewed 4,871 times

  For the week, the Dow fell 3.0% (down 10.3% y-t-d) and the S&P500 declined 2.9% (down 11.9%). The Morgan Stanley Cyclical index dropped 3.1% (down…

• No LTCM

  Published 01 March 2008 | viewed 5,608 times

  Today's big drop left the Dow and S&P500 with weekly declines of 0.9% (down 7.5% y-t-d) and 1.7% (down 9.4%). Economically-sensitive issues suffered, with the…

• Confirmations

  Published 22 February 2008 | viewed 5,929 times

  It was volatile from beginning to end. For the week, the Dow added 0.3% (dow 6.7% y-t-d) and the S&P500 0.2% (down 7.8%). The Transports…

• The Breakdown of Wall Street Alchemy

  Published 15 February 2008 | viewed 6,335 times

  During yet another volatile week, the Dow (down 6.9% y-t-d) and the S&P500 (down 8.1%) each rose 1.4%. The Utilities gained 1.2% (down 7.2%), while…

• Reflation Contemplation

  Published 01 February 2008 | viewed 6,127 times

  For the week, the S&P Homebuilding index gained 16.8% (up 28.7% y-t-d), the Morgan Stanley Retail index rose 11.4% (up 5.0%), the Broker/Dealers gained 11.6%…

• More than 20 Years in the Making

  Published 26 January 2008 | viewed 6,611 times

  For an especially idiosyncratic trading week, the Dow rallied 0.9% (down 8.0% y-t-d) and the S&P500 added 0.4% (down 9.4%). The Transports surged 6.6% (down…

• Daisy-Chain

  Published 18 January 2008 | viewed 5,658 times

  Wow... For the week, the Dow dropped 4.0% (down 8.8% y-t-d) and the S&P500 5.4% (down 9.8%). The Transports dipped 0.2% (down 8.6%), and Morgan…

• Mortgage Crisis to Corporate Debt Crisis

  Published 11 January 2008 | viewed 5,938 times

  It was another tense week in the markets. For the week, the Dow declined 1.5% (down 5.0% y-t-d) and the S&P500 0.8% (down 4.6%). Pressure…

• Issues 2008

  Published 04 January 2008 | viewed 5,522 times

  It was an ominous kickoff to 2008. The Dow declined 3.5% during the first three sessions of the year, and the S&P500 fell 3.9%. Recessionary…

• 2007 Wrap-Up

  Published 31 December 2007 | viewed 4,050 times

  For the week, the Dow dipped 0.6% (up 7.24% y-t-d), and the S&P500 fell 0.4% (up 4.24%). The Transports slipped 0.4% (up 1.43%) and the…

• Wall Street-Backed Finance

  Published 21 December 2007 | viewed 4,547 times

  For the week, the Dow advanced 0.8% (up 7.9% y-t-d), and the S&P500 gained 1.1% (up 4.7%). The Transports slipped 0.7% (up 1.8%), while the…

• Financial Sector Credit

  Published 15 December 2007 | viewed 4,567 times

  Things turn only more unsettled by the day. For the week, the Dow declined 2.1% (up 7.0% y-t-d) and the S&P500 2.4% (up 3.5%). Economically…

• Q3 2007 "Flow of Funds"

  Published 08 December 2007 | viewed 4,992 times

  In another volatile week, the Dow gained 1.9% (up 9.3% y-t-d) and the S&P500 1.6% (up 6.1%). The Transports jumped 4.6% (up 6.9%), and the…

• Tight "Money"

  Published 01 December 2007 | viewed 5,151 times

  Things get only wilder... For the week, the Dow gained 3.0% (up 7.3% y-t-d) and the S&P500 2.8% (up 4.4%). The Transports surged 4.7% (up…