IT'S OFFICIAL: THE BEAR HAS ARRIVED

NYSE was closed in the negative territory. After showing strength earlier in the day trading, stocks moved into the downside in early afternoon. Weakness within the financial sector was contributing to the selling pressure that following speculation that Freddie Mac and Fannie Mae will be forced to raise additional capital. Likewise, the Dow was pressured by Downgrading Merck (MRK) and Walt Disney (DIS).

San Francisco Fed President, Janet Yellen predicted only modest economic growth into 2009, noting that inflation risks have "definitely increased" in her economic outlook at a speech to the University of California Sand Diego Economics Roundtable.

I expect market will go lower in the upcoming days, here is my technical analysis:


This day, I found an interesting article on Barron's Online written by By RANDALL W. FORSYTH and VITO RACANELLI, gave many arguments that proved officially Bear has arrived.

BESPOKE DEFINES two separate bear markets following the bursting of the technology bubble -- an initial 36.77% drop from March 2000 to September 2001, punctuated by a brief, post-9/11 recovery until the next decline of January-July 2002 of 31.97%. In the minds of most investors who suffered through that period, it was three long years of false starts and frustration until the recovery really got under way, in March 2003.

What's more, there have been few hiding places other than commodities, observes Jack A. Ablin, chief investment officer at Harris Private Bank. Even Warren Buffett isn't immune, with Berkshire Hathaway (ticker: BRKA) off 21% from its peak. The foreign stocks Americans have been flocking to lost nearly as much as U.S. equities, despite help from the falling dollar. Even the once hotter-than-hot China market has gone into a deep-freeze; the iShares FTSE/Xinhua exchange-traded fund (FXI), a popular way for Americans to play that market, is down 43% from its high last October.



Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.

A Good Opportunity Sign on Canadian Telecom (BCE)

According to my technical analysis, BCE's share signs a good buying opportunity. It's indicated buy a double bottom at the lowest level since August 2007. BCE's share also indicates an upward channel that a bullish trend.

BCE Inc, Canada's largest telecommunications company, said Friday it has agreed on terms of a $35 billion sale to a group led by the Ontario Teachers' Pension Plan in the biggest leveraged buyout ever. The deal is expected to be completed by mid-December. BCE has finally reached an agreement with a consortium of buyers that will take BCE private at the agreed on price of $42.75 a share.

Canada's Supreme Court last month allowed the sale to proceed after overturning a lower court ruling that the sale to the Ontario Teachers' Pension Plan and its minority U.S. partners didn't adequately consider bondholders' interests. The deal was in jeopardy when the lower Quebec court ruled against the transaction.

The Toronto-based Ontario Teachers' Pension Plan -- with assets of 108 billion Canadian dollars ($106 billion) in 2007 -- invests and administers the retirement funds for Ontario's 353,000 active, inactive, and retired teachers. U.S.-based Providence Equity Partners and Madison Dearborn Partners LLC are also involved in the proposed buyout.

BCE, which has more than 54,000 employees, had annual revenue of 17.8 billion Canadian dollars ($17.5 billion) in 2007. It had 5.8 million wireless subscribers, 8.64 million phone lines, 1.94 million Internet subscribers and 1.82 million satellite television subscribers in 2006.

Please Note!

This is generally never true. Before buying or selling any asset you should do your own research and reach your own conclusion. See my Disclaimer on the bottom for more information.

You are welcome to republish this article, or any portion thereof.
Please, cite the actual/original source. I would be grateful if you could link back.