Monday, June 28, 2010

Upcoming EzBacktest release, UPDATE: Released v1.1.0

I planned to release the next version over the weekend but was sidetracked. Per a request from a user - you will soon see:
* Larger plot chart markers
* Correlation matrix tool.
* Use multi-window environment to allow editing more than 1 portfolio at a time.

UPDATE: Released, download here.


Entering a depression?

Krugman - a highly controversial political shill which happened to receive a Nobel prize says we are entering a depression.

The Third Depression
Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31.

Neither the Long Depression of the 19th century nor the Great Depression of the 20th was an era of nonstop decline — on the contrary, both included periods when the economy grew. But these episodes of improvement were never enough to undo the damage from the initial slump, and were followed by relapses.

We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense.


Crap. He goes on to say we must spend more money the government doesn't have to fix the situation. History is being written, and I'm not sure Krugman will be remembered favorably for his ideas.


Thursday, June 17, 2010

The Metro-Sexual Stocks Trader Probably Uses an iPad

Cool example of eTrade platform on iPad:

Other platforms for the iPad: Best Stock Trading Applications For The iPad

2 Million iPads sold within weeks. I'm guessing that trading might not have been a first priority. Are you more comfortable using your fingers? Shouldn't butter fingers scare you when dealing with your money? On the other hand - this post is about those who spent their dough on an iPad.


Saturday, June 12, 2010

EzBackTest 1.0.4 release

I'm happy to announce yet another version for my freeware. This one adds a yearly returns table at the portfolios comparison tool.

Download here.

Enjoy, Cheers!

Friday, June 11, 2010

Retail sales plunge by largest amount in 8 months

Is this news as bad as it sounds?

Retail sales drop 1.2 percent in May
Retail sales plunged in May by the largest amount in eight months as consumers slashed spending on everything from cars to clothing. The big drop raises new worries about the durability of the economic recovery.

The Commerce Department says that spending fell 1.2 percent last month. Auto sales were down 1.7 percent but there was weakness in a number of areas. Excluding autos, sales fell 1.1 percent.

The big decline cast new doubts about the strength of the economic recovery. Consumer spending accounts for 70 percent of total economic activity. Economists are concerned that households will start trimming outlays as they continued to be battered by high unemployment and a swoon in stock prices.

Investors have sold off stocks for more than a month because of concerns that Europe's sovereign debt crisis will slow a worldwide economic rebound. The Dow Jones industrial average fell 7.9 percent last month, the worst May for the blue chip index since 1940.

The 1.2 percent decline in May sales was the largest decline since sales had fallen 2.2 percent in September. Analysts had been forecasting sales would be weak but remain in positive territory.

For May, the 1.7 percent drop in auto sales followed a 0.6 percent increase in April sales and was the poorest showing in this category since a 2.5 percent February decline.

Sales at hardware stores plunged 9.3 percent. That could reflect an impact from the end of the homebuyer tax credit, which had spurred home sales earlier in the spring.

Department store sales fell 1.8 percent while sales in the broader category of general merchandise stores, which includes big retailers such as Wal-Mart, fell 1.1 percent.

Gasoline stations sales were down 3.3 percent, a drop that reflected in part lower gasoline pump prices during the month.

The Federal Reserve reported Thursday that households' net worth rose for the fourth consecutive quarter, but since then stock prices have been tumbling. Economists say it may not be until 2012 or 2013 at best before Americans' wealth returns to its pre-recession levels.

Rocky road for investors continue.

Friday, June 4, 2010

The reality of Double-Dip Recession

Tainted queso...

Why We’re Falling Into a Double-Dip Recession
We’re falling into a double-dip recession.

The Labor Department reports this morning that the private sector added a measly 41,000 net new jobs in May. But at least 100,000 new jobs are needed every month just to keep up with population growth.

In other words, the labor market continues to deteriorate.

The average length of unemployment continues to rise – now up to 34.4 weeks (up from 33 weeks in April). That’s another record.

More Americans are too discouraged to look for a job than last year at this time (1.1 million in May, an increase of 291,000 from a year earlier.)

Of the small number of jobs created by the private sector in May, many came from temporary help services.

Which is one reason why the median wage continues to drop.

Why are we having such a hard time getting free of the Great Recession? Because consumers, who constitute 70 percent of the economy, don’t have the dough. They can’t any longer treat their homes as ATMs, as they did before the Great Recession.

Businesses won’t rehire if there’s not enough demand for their goods and services.
I believe the rest of the article is a political excuse making for current administration. I don't really think I want to touch on politics in this blog.

Hold on to your seat, it's going to be a wild and scary ride again.


Wednesday, June 2, 2010

Father's day gift idea: $399 Xbox 360 bundle

Daddy will say thank you, now go to sleep and let me kill some bad guys...
(actually it's less than $399, price in cart only)

You can give the cheaper - family friendly bundle for $199 too: