Worldwide oil recession deepens: Oil watchdog cuts demand forecasts – a typical syndrome of bear marlet persists
Joe Weinman
Jun. 29, 2009

The signs of deepening worldwide recession is very clear. The International Energy Agency predicted a severe worldwode recession on Monday as it cut sharply its forecasts for world consumption of oil and gas. The agency declared that the threat of a supply crunch does not exist any more.

A typical bear market syncrome persists. Overlooking the long term bear market indicators, the market focused on the short term signals as the same agency upped its forecast for global oil demand for the first time in almost a year. The agency indicated that in the short term because of worldwide stimulus money, the oil and gas market is looking brighter for better demand. The oil jumped more than $73 a barrel on the news overlooking the long term deep bearish indicator.

This is typical of long term bear markets where counter trend rallies can be sharp folowing short term bullish news.

One of the biggest bear market rally as predicted - best quarterly rally for the Standard & Poor’s 500 Index since 1998
Sam Adelton
The divergence between the Russell 2000 Index and the S&P 500 is noteworthy. It is typical in a bear market rally.
READ MORE>>

Worldwide oil recession deepens: Oil watchdog cuts demand forecasts – a typical syndrome of bear marlet persists
Joe Weinman
Overlooking the long term bear market indicators, the market focused on the short term signals as the same agency upped its forecast for global oil demand for the first time in almost a year.
READ MORE>>

Japan’s industrial output rose for a third month in May – an impressive 5.9% gain
Alan Hershey
While the rise in output is hopeful sign, according to leading economists observing Japanese markets, Japanese economy is yet to see a pickup in final demand, which is crucial for it to sustain a recovery.
READ MORE>>

Evidence of coming bear market in china - 20 percent of the 5.8 trillion yuan loans banks made in the five months invested in stock market
Peter Oberois
These Chinese bank funds and the economic stimulus money helped form a financial bubble, the newspaper cited.
READ MORE>>

Japan leads Asia in early stock market slump with share holder value dilution – the new trend in stock markets
Sam Adelton
Asian stocks fell led by the Japanese securities. The companies are selling shares without caring the existing shareholders equity values.
READ MORE>>

Unemployment rate for June may have climbed towards 10%, loss of Nonfarm Payrolls increased in June
Fred Day
The unemployment picture continues to worsen, although far less drastically than a few months back. The stimulus money is working to stabilize the economy but things do not look that great.
READ MORE>>

The next wave of financial meltdown about to start – small bank lining up for TARP funds
Joe Weinman
If the economy does not turn around, the next wave of financial meltdown will wipe out the financial infrastructure.
READ MORE>>

MORE ARTICLES >>