Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

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• Dr. Bernanke on the Current Account

  Published 25 February 2005 | viewed 7,870 times

  UNEDITED! It was a short week long on volatility. For the week, the Dow and S&P500 gained less than 1%. Economically sensitive issues performed well.…

• It Has Everything to do with 'Finance,' Mr. Chairman

  Published 18 February 2005 | viewed 5,562 times

  UNEDITED! It feels like a period of heightened uncertainty and instability is developing. Despite increased volatility, the Dow and S&P500 ended the week little changed.…

• More from Mr. Otmar Issing

  Published 11 February 2005 | viewed 5,557 times

  There was certainly enough volatility. For the week, the Dow gained almost 1%, and the S&P500 was slightly positive. The Transports rose 0.4%, while the…

• The Disparate Approaches of Messrs. Trichet and Greenspan

  Published 04 February 2005 | viewed 5,245 times

  UNEDITED! The bears were in full retreat throughout global equity and bond markets. For the week, the Dow and S&P500 advanced about 2%, reducing year-to-date…

• The Great Dilemma

  Published 28 January 2005 | viewed 8,822 times

  The Dow and S&P500 indices gained about one-third of a percent this week. The Transports and Utilities gained 2%. The Morgan Stanley Cyclical index was…

• Inflationist Watch

  Published 21 January 2005 | viewed 4,504 times

  HIGHLY UNEDITED! Sellers were out in force again, with last year's favorites leading on the downside. For the week, the Dow and S&P500 declined 1.4%…

• Fed Again Falls Flat with Bubble Analysis

  Published 14 January 2005 | viewed 4,300 times

  UNEDITED! For the week, the Dow was down slightly and the S&P500 closed about unchanged. The Transports dropped 2%, while the Utilities gained 2%. The…

• Issues 2005

  Published 07 January 2005 | viewed 6,571 times

  INCOMPLETE and UNEDITED! More coming... Freddie Mac posted 30-year fixed mortgage rates dipped 4 basis points this week to 5.77%. Fifteen-year fixed mortgage rates declined…

• Year in Review: Reflation to Gross Over-Liquefication

  Published 31 December 2004 | viewed 4,513 times

  HIGHLY UNEDITED! It was a rather uneventful final week to an eventful year. For the week, the Dow was slightly negative and the S&P500 was…

• Merry Christmas, Happy Holidays

  Published 24 December 2004 | viewed 7,078 times

  UNEDITED! The stock market run ran further. For the week, the Dow gained 1.6% and the S&P500 1.3%. The Transports added 1%, increasing y-t-d gains…

• Dilly-Dally Monetary Management

  Published 17 December 2004 | viewed 3,891 times

  UNEDITED and not well written! Stocks were generally higher for the week. The Dow gained 1%, and the S&P500 added 0.5%. Economically sensitive issues shined.…

• Q3 2004 Z.1 "Flow of Funds"

  Published 10 December 2004 | viewed 6,880 times

  UNEDITED! There appeared to be some position squaring prior to yearend, but U.S. stocks were generally little changed. For the week, the Dow and S&P500…

• Pertinent Monetary Economics from Ralph G. Hawtrey

  Published 03 December 2004 | viewed 4,372 times

  Global markets (currencies, commodities, interest-rates, equities) remain extraordinarily unsettled. As for the rejuvenated U.S. equities Bubble, The Dow and S&P500 gained less than 1%. The…

• An Open Letter to Mr. U.S. Dollar

  Published 26 November 2004 | viewed 4,399 times

  HIGHLY UNEDITED! The holiday shortened week provided a good opportunity to ignore the deepening dollar crisis and push equities higher. For the week, the Dow…

• Greenspan Watch

  Published 19 November 2004 | viewed 4,754 times

  HIGHLY UNEDITED! Markets were about as unsettled (very) as sentiment is optimistic. For the week, the Dow dipped less than 1%, while the S&P500 declined…

• Monetary Disorder

  Published 12 November 2004 | viewed 4,107 times

  HIGHLY UNEDITED! The stock market run continued. For the week, the Dow and S&P500 added 1.5%. The Transports added 1.6%, increasing 2004 gains to 21%.…

• Second-Term Realities

  Published 05 November 2004 | viewed 4,106 times

  Unedited! Now that was something else... For the week, the Dow gained 3.6% and the S&P500 rose 3%. Economically sensitive issues were on fire (as…

• Easy Liquidity

  Published 29 October 2004 | viewed 4,376 times

  UNEDITED! The rally was abrupt, ferocious, and broad-based. For the week, the Dow and S&P500 rose about 3%. The Transports jumped 4%, increasing y-t-d gains…

• The Dollar, Financial "Profits" and Reflation

  Published 23 October 2004 | viewed 3,688 times

  Especially UNEDITED! It has the feel of an unfolding bear market. For the week, the Dow dropped about 2% and the S&P500 declined 1%. The…

• Happy? Two-year Anniversary

  Published 15 October 2004 | viewed 3,596 times

  UNEDITED! While losses to the major indices were less than noteworthy, the stock market is beginning to demonstrate bear market characteristics. For the week, the…