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	<title>The Swamp Report &#187; Investments</title>
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	<link>http://www.swampreport.com</link>
	<description>Political, Economic, and Finance related commentary. J.D. Swampfox Associates report on battles for prosperity against the &#34;Tarleton&#34; of big government.</description>
	<lastBuildDate>Sat, 17 Jul 2010 16:09:26 +0000</lastBuildDate>
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		<title>The downward pressure on Long Term Treasuries</title>
		<link>http://www.swampreport.com/economy/the-downward-pressure-on-long-term-treasuries/</link>
		<comments>http://www.swampreport.com/economy/the-downward-pressure-on-long-term-treasuries/#comments</comments>
		<pubDate>Sun, 04 Jul 2010 19:10:54 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[Market Ticker]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2862</guid>
		<description><![CDATA[Market Ticker often posts this graph of total debt (public and private) in the US: We can see from that graph that the trend is now changed to &#8220;down&#8221; after 50 years of &#8220;up&#8221;.  The Federal government has been unsuccessfully attempting to offset the decline in private debt with increases in public debt.  With the [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/the-downward-pressure-on-long-term-treasuries/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Harry Dent&#8217;s latest update</title>
		<link>http://www.swampreport.com/investments/harry-dents-latest-update/</link>
		<comments>http://www.swampreport.com/investments/harry-dents-latest-update/#comments</comments>
		<pubDate>Mon, 22 Mar 2010 21:57:58 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[Harry Dent]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2809</guid>
		<description><![CDATA[Enjoy]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/harry-dents-latest-update/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shiller PE ratios still too high?</title>
		<link>http://www.swampreport.com/investments/shiller-pe-ratios-still-too-high/</link>
		<comments>http://www.swampreport.com/investments/shiller-pe-ratios-still-too-high/#comments</comments>
		<pubDate>Mon, 08 Feb 2010 16:05:59 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[March 2009 lows]]></category>
		<category><![CDATA[price to earnings ratios]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2786</guid>
		<description><![CDATA[John Authers at FT has a good piece about long term price to earnings ratios. The bottom line is that: &#8230;last year stocks were never nearly as undervalued as they had been at the previous great bear market lows. &#8230;the Shiller data still suggest that stocks needed to get much cheaper than they did at [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/shiller-pe-ratios-still-too-high/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The debt is still here</title>
		<link>http://www.swampreport.com/economy/the-debt-is-still-here/</link>
		<comments>http://www.swampreport.com/economy/the-debt-is-still-here/#comments</comments>
		<pubDate>Fri, 08 Jan 2010 16:48:06 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2749</guid>
		<description><![CDATA[TPC has a good post from Comstock, as summarized below: So let’s sum this up.  Even in this big “recovery” that is being spun so heavily on financial TV, employment is still down 5.2%, retail spending 8.4%, new single-family home sales 73.3%, core new durable goods orders 19.6% and industrial production 11.5%.  Since the numbers have moved [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/the-debt-is-still-here/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Demise of Private Health Insurance?</title>
		<link>http://www.swampreport.com/investments/demise-of-private-health-insurance/</link>
		<comments>http://www.swampreport.com/investments/demise-of-private-health-insurance/#comments</comments>
		<pubDate>Thu, 07 Jan 2010 21:02:19 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Conspiracy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[Demise of Private Health insurance]]></category>
		<category><![CDATA[Obamacare Conspiracy]]></category>
		<category><![CDATA[Single Payer System]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2746</guid>
		<description><![CDATA[Some dire predictions for private health insurance are here. WHAT WILL REALLY HAPPEN A) Oh yes, please look at the 2014 stipulations as well. Employers will ultimately drop their coverage and stop offering it if they employ more than 50 employees. Think about it, they will cut costs significantly in the form of premiums (they [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/demise-of-private-health-insurance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Market looks for an excuse for a relief rally</title>
		<link>http://www.swampreport.com/economy/market-looks-for-an-excuse-for-a-relief-rally/</link>
		<comments>http://www.swampreport.com/economy/market-looks-for-an-excuse-for-a-relief-rally/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 00:46:37 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[cash for Christmas]]></category>
		<category><![CDATA[cash for clunkers]]></category>
		<category><![CDATA[Dave Callaway]]></category>
		<category><![CDATA[Market Watch]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2630</guid>
		<description><![CDATA[Dave Callaway tells Market Watch the market was looking for a relief rally. It appears we now need a &#8220;cash for Christmas&#8221; government program to keep us going&#8230;]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/market-looks-for-an-excuse-for-a-relief-rally/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Bank cash flow may be catching up to value</title>
		<link>http://www.swampreport.com/investments/bank-cash-flow-may-be-catching-up-to-value/</link>
		<comments>http://www.swampreport.com/investments/bank-cash-flow-may-be-catching-up-to-value/#comments</comments>
		<pubDate>Sat, 24 Oct 2009 18:01:29 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[Bank casf flow]]></category>
		<category><![CDATA[bank closures]]></category>
		<category><![CDATA[socialization of losses]]></category>
		<category><![CDATA[trading income]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2614</guid>
		<description><![CDATA[Denninger has been labeling the failure of our government to close bad banks earlier to minimize the 40% and 50% level catastrophic losses the taxpayer has been having to eat the last couple of years as &#8220;malfeasance&#8221;: How can anyone possibly believe, given the overwhelming history of the last two years in this crisis, that the [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/bank-cash-flow-may-be-catching-up-to-value/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Harrods department store retailing gold</title>
		<link>http://www.swampreport.com/investments/harrods-dpartment-store-retailing-gold/</link>
		<comments>http://www.swampreport.com/investments/harrods-dpartment-store-retailing-gold/#comments</comments>
		<pubDate>Sun, 18 Oct 2009 15:53:30 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[contrarian]]></category>
		<category><![CDATA[Gold]]></category>
		<category><![CDATA[Harrods]]></category>
		<category><![CDATA[retail gold price]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2590</guid>
		<description><![CDATA[From Sky News: It is a store that has always had the reputation for selling something a little different for those willing to splash their cash. Anyone got a spare £248,000? Maybe head to Harrods&#8230;  So despite enduring the worst recession in decades, shoppers to the luxury Knightsbridge shop Harrods can now buy &#8220;off the [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/harrods-dpartment-store-retailing-gold/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>China&#8217;s Bid to Sway Commodity Prices Rooted in Feeble Soil</title>
		<link>http://www.swampreport.com/politics/chinas-bid-to-sway-commodity-prices-rooted-in-feeble-soil/</link>
		<comments>http://www.swampreport.com/politics/chinas-bid-to-sway-commodity-prices-rooted-in-feeble-soil/#comments</comments>
		<pubDate>Mon, 12 Oct 2009 15:09:31 +0000</pubDate>
		<dc:creator>Minute Man</dc:creator>
				<category><![CDATA[Bureaucrats]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Commodity Prices]]></category>
		<category><![CDATA[End the FED]]></category>
		<category><![CDATA[FED]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Goldman]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[oil prices]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2573</guid>
		<description><![CDATA[A recent article in the WSJ talks of &#8220;China Nurtur[ing] Futures Markets in Bid to Sway Commodity Prices&#8220;: Chinese leaders are concerned that their nation&#8217;s enormous economic expansion is becoming an excuse for foreign suppliers to inflate commodity costs. So, they hope to use their three futures exchanges to fight back. Government officials say the [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/politics/chinas-bid-to-sway-commodity-prices-rooted-in-feeble-soil/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>PMI not leaked- it&#8217;s perfectly legal, but shouldn&#8217;t be</title>
		<link>http://www.swampreport.com/investments/pmi-not-leaked-its-perfectly-legal-but-shouldnt-be/</link>
		<comments>http://www.swampreport.com/investments/pmi-not-leaked-its-perfectly-legal-but-shouldnt-be/#comments</comments>
		<pubDate>Thu, 01 Oct 2009 00:50:08 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[advance looks at data]]></category>
		<category><![CDATA[Bespoke Investments]]></category>
		<category><![CDATA[Chicago PMI]]></category>
		<category><![CDATA[flash trading]]></category>
		<category><![CDATA[subscribers]]></category>
		<category><![CDATA[Zero Hedge]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2535</guid>
		<description><![CDATA[Zero Hedge ran a post today about the fact that subscribers can pay for a 3 minute advance look at the Chicago PMI before it is released to the &#8220;general public&#8221;. The Chicago PMI &#8220;indicates how vibrant regional manufacturing activity is. An index value of 50 or higher indicates increasing busi-ness activity; below that indicates [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/pmi-not-leaked-its-perfectly-legal-but-shouldnt-be/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Wallstreet no longer serving to form capital</title>
		<link>http://www.swampreport.com/investments/wallstreet-no-longer-serving-to-form-capital/</link>
		<comments>http://www.swampreport.com/investments/wallstreet-no-longer-serving-to-form-capital/#comments</comments>
		<pubDate>Sun, 20 Sep 2009 23:29:13 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[capital formation]]></category>
		<category><![CDATA[casinos]]></category>
		<category><![CDATA[Wall Street]]></category>
		<category><![CDATA[Washington Post]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2479</guid>
		<description><![CDATA[Roger Martin in the Washington Post responds to the question: &#8220;What does Wall Street have to change to produce better leaders, a different culture and a more long-term focus?&#8220;: Forget about it. Don&#8217;t even waste time thinking about it. The purpose of Wall Street firms is to trade value for their own benefit not to [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/wallstreet-no-longer-serving-to-form-capital/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Junk bonds hitting exhaustion gap?</title>
		<link>http://www.swampreport.com/investments/junk-bonds-hitting-exhaustion-gap/</link>
		<comments>http://www.swampreport.com/investments/junk-bonds-hitting-exhaustion-gap/#comments</comments>
		<pubDate>Thu, 17 Sep 2009 00:37:13 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[Daneric]]></category>
		<category><![CDATA[exhaustion gaps]]></category>
		<category><![CDATA[junk bonds]]></category>
		<category><![CDATA[Stock prices]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2458</guid>
		<description><![CDATA[In keeping with our recent focus on the possibility that junk bonds may be signaling a decline in stocks, we present Daneric&#8217;s chart showing the possibility of an exhaustion gap in junk bonds: Click here to see enlarged chart. &#8220;if they happen during a bull move, some bullish euphoria overcomes trades, and buyers cannot get [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/junk-bonds-hitting-exhaustion-gap/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Are junk bonds predicting a move in stocks?</title>
		<link>http://www.swampreport.com/investments/are-junk-bonds-predicting-a-move-in-stocks/</link>
		<comments>http://www.swampreport.com/investments/are-junk-bonds-predicting-a-move-in-stocks/#comments</comments>
		<pubDate>Sat, 12 Sep 2009 15:32:16 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[junk bond default rates]]></category>
		<category><![CDATA[Mike "Mish" Shedlock]]></category>
		<category><![CDATA[trends in stocks and bonds]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2443</guid>
		<description><![CDATA[Mish has a post about the correlation of corporate bonds &#8211; specifically high yield corporates &#8211; with the stock market.  The idea is that market participants are bidding up the prices of both risky bonds and risky stocks, even in the face of a scary rise in the junk-corporate default rate: Inquiring minds have been [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/are-junk-bonds-predicting-a-move-in-stocks/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Gary Shilling: 6 reasons for no new bull</title>
		<link>http://www.swampreport.com/economy/gary-shilling/</link>
		<comments>http://www.swampreport.com/economy/gary-shilling/#comments</comments>
		<pubDate>Thu, 10 Sep 2009 14:10:25 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[consumer spending]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[Gary Shilling]]></category>
		<category><![CDATA[recovery]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2430</guid>
		<description><![CDATA[Gary shilling offers some reasons why he thinks the economy will not just &#8220;snap back&#8221;.]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/gary-shilling/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What makes us invest more?</title>
		<link>http://www.swampreport.com/economy/what-makes-us-invest-more/</link>
		<comments>http://www.swampreport.com/economy/what-makes-us-invest-more/#comments</comments>
		<pubDate>Sat, 05 Sep 2009 13:55:25 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2417</guid>
		<description><![CDATA[The Godfather of Government Stimulus, J.M. Keynes, (General Theory, Chapter 7) defined Investment as “the increment of capital equipment, whether it consists of fixed capital, working capital or liquid capital” and noted that “exchanges of old investments necessarily cancel out”.  We should point out that although “liquid capital” is included in Keynes’ definition, this is [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/what-makes-us-invest-more/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Tech insiders selling like it was the 2000 bubble</title>
		<link>http://www.swampreport.com/investments/tech-insiders-selling-like-it-was-the-2000-bubble/</link>
		<comments>http://www.swampreport.com/investments/tech-insiders-selling-like-it-was-the-2000-bubble/#comments</comments>
		<pubDate>Sat, 29 Aug 2009 14:56:35 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[insider selling]]></category>
		<category><![CDATA[tech bubble]]></category>
		<category><![CDATA[TrimTabs]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2381</guid>
		<description><![CDATA[Reuters has a piece about &#8220;Insider trading and investor sentiment signaling a market top&#8220;. Is it a self-fulfilling prophesy?  Tech investors&#8217; blood run cold on the possibility that the tech market is a reflated March 2000 bubble: Charles Biderman at TrimTabs told Bloomberg in this video that insider selling indicates the market has topped. As [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/tech-insiders-selling-like-it-was-the-2000-bubble/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Slow motion car crash in commercial real estate</title>
		<link>http://www.swampreport.com/economy/slow-motion-car-crash-in-commercial-real-estate/</link>
		<comments>http://www.swampreport.com/economy/slow-motion-car-crash-in-commercial-real-estate/#comments</comments>
		<pubDate>Thu, 27 Aug 2009 15:08:20 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[commercial real estate debt crisis]]></category>
		<category><![CDATA[slow motion car crash]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2372</guid>
		<description><![CDATA[Here&#8217;s New York commercial real estate investor Harrison LeFrak predicting a 2010 crisis in the $1.7T CRE debt that is on the books of regional banks (ht TPC):]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/slow-motion-car-crash-in-commercial-real-estate/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Todd Harrison: Artificially sweetened market</title>
		<link>http://www.swampreport.com/investments/todd-harrison-artificially-sweetened-market/</link>
		<comments>http://www.swampreport.com/investments/todd-harrison-artificially-sweetened-market/#comments</comments>
		<pubDate>Thu, 27 Aug 2009 14:52:47 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[artificially sweetened market]]></category>
		<category><![CDATA[Minyanville]]></category>
		<category><![CDATA[shorting the maket]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2369</guid>
		<description><![CDATA[Todd Harrison, CEO of Minyanville.com, thinks the best risk-reward trade-off favors shorting the market&#8230;]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/todd-harrison-artificially-sweetened-market/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Percent of stocks over 200 day moving average</title>
		<link>http://www.swampreport.com/investments/percent-of-stocks-over-200-day-moving-average/</link>
		<comments>http://www.swampreport.com/investments/percent-of-stocks-over-200-day-moving-average/#comments</comments>
		<pubDate>Wed, 26 Aug 2009 19:21:24 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[200 day moving average]]></category>
		<category><![CDATA[stocks are overbought]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2363</guid>
		<description><![CDATA[Below is a chart as of the 25th from bostonwealth.net.  It shows that over 90% of stocks on the NYSE are trading above their 200 day moving average -  a level not seen since around 1986.  My father used to tell a story (probably one of his tall &#8220;tails&#8221;) about puppies who drank so much [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Trading new news</title>
		<link>http://www.swampreport.com/investments/trading-new-news/</link>
		<comments>http://www.swampreport.com/investments/trading-new-news/#comments</comments>
		<pubDate>Mon, 24 Aug 2009 13:31:09 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[trading cheat sheet]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2329</guid>
		<description><![CDATA[Here&#8217;s a simple set of rules that remind us about how to trade market announcements: Cheat sheet: reacting to data and market releases weak data =  Fed ease, stocks rally consensus data =  lower volatility, stocks rally strong data =  economy strengthening, stocks rally bank loses $4bln = bad news out of the way, stocks [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/trading-new-news/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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		<title>Commercial Real Estate exposure prompts Fitch to review banks</title>
		<link>http://www.swampreport.com/economy/commercial-real-estate-exposure-prompts-fitch-to-review-banks/</link>
		<comments>http://www.swampreport.com/economy/commercial-real-estate-exposure-prompts-fitch-to-review-banks/#comments</comments>
		<pubDate>Thu, 20 Aug 2009 19:26:30 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[Commercial Real Estate]]></category>
		<category><![CDATA[Fitch]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2312</guid>
		<description><![CDATA[Fitch press release ( emphasis added): Fitch Announces Expanded Review of U.S. Bank Commercial Real Estate Exposure 18 Aug 2009 10:43 AM (EDT) Fitch Ratings-New York-18 August 2009: The performance metrics of commercial real estate (CRE), an area with a significant risk exposure for the majority of Fitch&#8217;s U.S. bank universe, continues to deteriorate at [...]]]></description>
		<wfw:commentRss>http://www.swampreport.com/economy/commercial-real-estate-exposure-prompts-fitch-to-review-banks/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Scholes and Merton: mark it to market</title>
		<link>http://www.swampreport.com/investments/scholes-and-merton-mark-it-to-market/</link>
		<comments>http://www.swampreport.com/investments/scholes-and-merton-mark-it-to-market/#comments</comments>
		<pubDate>Wed, 19 Aug 2009 13:25:14 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[Bloomberg]]></category>
		<category><![CDATA[Financial Times]]></category>
		<category><![CDATA[mark to market]]></category>
		<category><![CDATA[Merton]]></category>
		<category><![CDATA[Scholes]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2304</guid>
		<description><![CDATA[Bloomberg (emphasis added): Myron Scholes and Robert Merton shared the 1997 Nobel price for economics, and they are now united in calling for banks to give more accurate valuations on their illiquid assets&#8230;.Banks that oppose new accounting standards on asset values want to conceal depressed prices, Merton wrote in the Financial Times yesterday. He composed [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Prechter: Bullish on dollar, time to be bearish again</title>
		<link>http://www.swampreport.com/investments/prechter-bullish-on-dollar-time-to-be-bearish-again/</link>
		<comments>http://www.swampreport.com/investments/prechter-bullish-on-dollar-time-to-be-bearish-again/#comments</comments>
		<pubDate>Mon, 17 Aug 2009 20:21:46 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[Bob Prechter]]></category>
		<category><![CDATA[CNBC]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2279</guid>
		<description><![CDATA[CNBC interviews Bob Prechter &#8211; they always call him a permabear, but they never refer to themselves as permabulls:]]></description>
		<wfw:commentRss>http://www.swampreport.com/investments/prechter-bullish-on-dollar-time-to-be-bearish-again/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Mark to Fantasy revealed in banks latest quarterly filings</title>
		<link>http://www.swampreport.com/economy/mark-to-fantasy-revealed-in-banks-latest-quarterly-filings/</link>
		<comments>http://www.swampreport.com/economy/mark-to-fantasy-revealed-in-banks-latest-quarterly-filings/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 20:24:42 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investments]]></category>
		<category><![CDATA[bank quarterly filings]]></category>
		<category><![CDATA[Jonathan Weil]]></category>
		<category><![CDATA[mark to market]]></category>
		<category><![CDATA[Regions Financial]]></category>
		<category><![CDATA[Rolfe Winkler]]></category>
		<category><![CDATA[Tyler Durden]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2259</guid>
		<description><![CDATA[Jonathan Weil has a piece pointing out that most of the banks would have negative equity when the fair value shown in their footnotes this quarter is used to figure equity instead of carrying the value the banks assume based on the fiction that the banks will keep the loans until maturity. He using Regions [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Uber bear growls</title>
		<link>http://www.swampreport.com/investments/uber-bear-growls/</link>
		<comments>http://www.swampreport.com/investments/uber-bear-growls/#comments</comments>
		<pubDate>Thu, 13 Aug 2009 14:24:51 +0000</pubDate>
		<dc:creator>J. D. Swampfox</dc:creator>
				<category><![CDATA[Investments]]></category>
		<category><![CDATA[Bob Janjuah]]></category>
		<category><![CDATA[Telegraph]]></category>
		<category><![CDATA[Uber bear]]></category>

		<guid isPermaLink="false">http://www.swampreport.com/?p=2256</guid>
		<description><![CDATA[From the Telegraph: Britain&#8217;s Uber-bear is growling again. After predicting a torrid &#8220;relief rally&#8221; over the early summer, Bob Janjuah at Royal Bank of Scotland is advising clients to take profits in global equity and commodity markets and prepare for another storm as winter nears&#8230;. Mr Janjuah, RBS&#8217;s chief credit strategist, has a loyal following [...]]]></description>
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