Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

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• Coming Next Year to Madison Square Garden...

  Published 27 June 2003 | viewed 3,740 times

  With the bond market in a fuss over the caliber of its gift from the Fed, equities gave back some of their recent gains. For…

• Following in Dr. Fisher's Footsteps

  Published 20 June 2003 | viewed 3,409 times

  It was another positive week for stocks. Strong performance by Merck, Microsoft and GM offset Kodak's decline and helped move the Dow almost 1% higher…

• Contemplating the Evolution From the Way We Were to The Way It Is

  Published 13 June 2003 | viewed 3,594 times

  This week numerous corporate governance issues dominated the headlines, generally holding the bulls in check. IBM and AT&T helped guide the Dow higher by 0.6%…

• Crazy Horse

  Published 06 June 2003 | viewed 4,581 times

  While the stock market rally has been impressive, financial markets are generally demonstrating increasingly unsound dynamics. This week saw "convulsions" in the U.S. stock market,…

• The New New Game

  Published 30 May 2003 | viewed 3,581 times

  What a week; what's that saying about root canals… For the holiday-shortened week, the Dow's 3% surge was slightly bettered by the S&P500. The Transports…

• You Just Gotta Love Congressman Ron Paul

  Published 23 May 2003 | viewed 4,245 times

  Despite Monday's drubbing, the broader market ended the week with gains. The small cap Russell 2000 added 1% and the S&P400 Mid-cap index gained about…

• The Desperate Experiment Of Maximum Global Liquidity

  Published 16 May 2003 | viewed 3,400 times

  With the spotlight on the incredible collapse in market yields, the stock market generally posted decent gains. For the week, the Dow and S&P500 added…

• The Stark Contrasts Between Competing Central Banks

  Published 09 May 2003 | viewed 3,149 times

  Equities were choppy this week, although with an upward bias. The Dow, S&P500, and Transports ended the week with small gains. The Utilities and Morgan…

• Reliquefication

  Published 25 April 2003 | viewed 4,095 times

  I am out of the office today (Friday) but rushed a few things together yesterday. My apologies… Depending on tomorrow's markets, economic data (GDP, New…

• Firing on Most Cylinders

  Published 18 April 2003 | viewed 3,594 times

  For the week, the Dow gained almost 2%, with the S&P500 up about 3%. The Transports surged 6%, and the Utilities added 3%. The Morgan…

• The Reasons

  Published 11 April 2003 | viewed 3,698 times

  Financial markets remain unsettled. For the week, the Dow dipped less than 1%, while the S&P500 declined just over 1%. The Transports were barely in…

• Reflation Watch or The Necessity of Diligent Observation

  Published 04 April 2003 | viewed 3,354 times

  For the week, the Dow, S&P500, Morgan Stanley Cyclical and Morgan Stanley Consumer indices jumped 2%. The Transports and Utilities added 1%. The small cap…

• Off Topic

  Published 28 March 2003 | viewed 3,247 times

  It was another week of extraordinary developments and violent financial convulsions. For the week, the Dow dropped 5% and the S&P500 4%. The Transports and…

• Contemplating the Dynamically Hedged Economy

  Published 21 March 2003 | viewed 3,544 times

  Now that was something else. For the week, the Dow surged 8.4%, its strongest performance in 20 years. The S&P500 gained 8%, the Transports 12%,…

• Climbing the Wall of Water

  Published 14 March 2003 | viewed 3,805 times

  It was dizzying. For the week, the Dow added 2% on the back of a 500 point late-week surge. The S&P500 and Morgan Stanley Consumer…

• Cheesecake Dependency

  Published 07 March 2003 | viewed 4,391 times

  It was another extraordinarily unsettled week for U.S. and global financial markets. Japan's Nikkei dropped another 3%. The index sank to a 20-year low, ending…

• Key Inflationary Manifestations

  Published 28 February 2003 | viewed 3,521 times

  It was another week of acutely unsettled financial markets. Despite considerable volatility, the Dow ended the week down 1.5% and the S&P500 about 1%. The…

• Fiat Money and Credit Inflation in America

  Published 21 February 2003 | viewed 5,925 times

  Temporary perhaps, but the bulls used a semblance of a lull in escalating geopolitical tensions to gain some ground. For the holiday-shortened week, the Dow,…

• A Volatile Week

  Published 14 February 2003 | viewed 3,420 times

  I had arthroscopic knee surgery (nothing major) this morning, so please excuse this abbreviated (and analysis-lacking) Bulletin. I am hoping to edit and improve it…

• Scenario #3

  Published 07 February 2003 | viewed 3,821 times

  It was another poor showing for U.S. and global equities. For the week, the Dow dipped 2% and the S&P500 declined 3%. The Transports declined…