Financial strategist Richard Suttmeier talks about the “Volcker Rule” rules and discusses what the banking system is doing.
“Some indicators remain in an economic abyss. The “Volcker Rule” rules. More evidence of a “Job-loss” recovery! Housing is a buyers market if you can get a mortgage. The urge to walk away from underwater mortgages! Tracking the daily charts for the Euro, Gold, Crude Oil and the Dow.
Certain portions of the economy and related data remain in the Abyss: CB Consumer Confidence at 55 is well below the neutral range of 90 to 120. The NAHB Housing Market Index is 16 well below the 50 neutral reading. Initial Jobless Claims are well above the Recessionary 350,000 milestone…”
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About Richard Suttmeier:
Richard Suttmeier’s latest blog analyzes earnings from Intel, the most important technology stock, JP Morgan Chase, the most important “too big to fail” bank, and break-out’s for Comex copper and Nymex crude oil.
Richard Suttmeier is the chief market strategist for ValuEngine.com. Richard is an industry leader on the housing market and banking system and writes a newsletter covering The Great Credit Crunch. He produces a List of Problem Banks by name. He produces daily and weekly briefings covering the US Capital markets. Richard Suttmeier’s ValuEngine Four In Four video is available on forextv.com.
About EQUITIES:
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