Archive for October 23rd, 2010

Bank Failures Prepare to Exceed 2009 Total

| October 23, 2010

There have been 139 bank failures thus far in 2010, and that number should exceed the 2009 total of 140 during the next couple of weeks. With more than two months remaining this year, the 2010 total is on pace to finish somewhere in the 170 to 180 range, marking the highest annual number since […]

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Baltic Dry Index Holds Near Middle of Recent Trading Range

| October 23, 2010

The Baltic Dry Index, which is a real-time measure of the cost of moving raw materials by sea, continues to hold near the middle of the trading range from early 2009. After moving sharply lower in June, breaking below long-term uptrend support in the process, the index approached the April 2009 low, before rebounding in […]

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Intermediate-term Forecast for October 23, 2010

| October 23, 2010

Stock Weekly Chart Analyses The following technical and cycle analyses provide intermediate-term forecasts for the stock markets that we monitor. For short-term outlooks see the latest short-term forecast and for long-term outlooks see the latest long-term forecast. The S&P 500 Index The index closed slightly higher again this week, moving up to a new high […]

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