Archive for January, 2013

Fed Creating $4 Billion in New Money Each Day, Helping to Rig Stock Market

Jan
30

There’s been a lot of talk about the Federal Reserve rigging the stock market. If you’ve been wondering, as I have, how it is being done, here’s some terrific insight from our own David Santschi. David wrote in this week’s TrimTabs Weekly Liquidity Review, “The Fed is exchanging about $4 billion in newly created money every business day for various types of bonds.  All else being equal, the Fed’s bond buying puts more money in investors’ hands to buy other assets, including stocks.” Read More

TrimTabs Estimates U.S. Economy Adds 135,000-155,000 Jobs in January. Impact of Bonus Shifting Makes Our Estimate More Difficult to Make Than Usual for Second Consecutive Month.

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Jan
30

We estimate based on real-time income tax withholdings that the U.S. economy added 135,000 to 155,000 jobs in January, down slightly from 145,000 to 165,000 jobs in December.

 

For the second consecutive month, we are citing a range rather than a single figure because the impact of year-end bonuses makes it much tougher than usual to estimate employment change.  Many employers shifted bonuses that normally would be paid in January and February into December due to tax increases that took effect on January 1.  According to our favorite official Washington economist, some of the withholdings on bonuses paid out by December 31 were transmitted to the Treasury as late as the middle of January, so year-over-year comparisons in January are as skewed as they were in December.  We adjusted the raw withholdings data to account for a significant degree of bonus shifting. Read More

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It’s too early to turn bearish on stock market

Jan
29

I love Rick Santelli and the opportunity I had to be with him on CNBC Monday. However, during the four-minute segment, I didn’t have the opportunity to say that it probably is too early to turn bearish on the stock market. Read More

Biderman on CNBC talking stock market record inflows and sustainability

Jan
28

 

TrimTabs’ Charles Biderman joined Rick Santelli on CNBC Monday morning to discuss the stock market’s record pace and whether or it’s sustainability.

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The arrogance of the Obama Administration is pointing to failure

Jan
23

The Obama administration is the epitome of arrogance gone wrong. Yes, over the past two hundred years the US economy has been the most successful ever in the history of the world. Therefore, since the Obama Administration believes that our past results guarantee a great future. So he and his supporters are out there shilling that worrying about deficits is dumb. Just give the Obama administration all the spending authority it wants and not only will the poor and downtrodden rise up, but the overall economy will soar as it always has. And all will be good. Read More

Investors think the Federal Reserve is omnipotent

Jan
22

The Federal Reserve has now admitted that five years ago, just days before the start of the financial meltdown, Mr. Bernanke and others at the Fed did not have a clue as to the impending financial disaster. Now contrast that with the results of an astonishing poll by a Chartered Financial Analyst Institute publication that 59% of investors now believe that because of what’s happened during the last five years: central banks and governments will be there to bail out troubled creditors. Read More

Biderman’s Market Picks 1/22/2013

Jan
21

Biderman’s Market Picks Available Now!

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Huge US Equity Fund Inflows Being Funded By Tax Front Running Income

Jan
16

As we start the second half of January, this is a particularly good time to check out what real time data on flows and income has been telling us about the first half of this month. What has caught the attention of the media and markets is that a huge amount of money has gone into stocks since the beginning of the new year. TrimTabs Investment Research says that an amazing $39 billion has been invested in US and Global equity mutual as well exchange traded funds during the first ten trading days of January.

U.S. TAXABLE INCOME – PRE & POST-TAX 

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Charles BidermanCharles Biderman is the Chairman of TrimTabs Investment Research and Portfolio Manager of the TrimTabs Float Shrink ETF (TTFS)

Biderman’s Practices of Success

I recently launched a new online course, Biderman's Practices of Success, on Curious.com (curious.com/charlesbiderman). The key to the practice of success is to be fully present in the moment and to be totally engaged in the important areas of life, particularly when we do not want to be. Read More.

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