Wednesday, August 28, 2013

Monday, August 19, 2013

TBT and Interest rates

The summer has been up and down my post might help you under stand.




Dan's Book web site is www.danperkinsatsanibel.com

Monday, June 24, 2013

Claw Back

The S&P 500 closed today at 1573 its low for the day was 1560. The support level is 1572 so we closed at a significant support level. If we close below 1572 then the next support is 1541. The market was gaining ground at the end of the day so we could see some upward bounce to the 1580-90 level tomorrow. At one point today we were down almost 8% from the high. 1518 will be a 10% correction. Before all is said and done we could very well hit that level.

Dan Perkins

Thursday, June 20, 2013

S&P 500 breaks near term support

The S&P 500  was off 40+ points today and is off 100 points from its high that brings it down just under 6% Again like yesterday the market closed near its low for the day. Given we have broken the 1597 level of the S&P 500 we could see some additional selling on the opening tomorrow. Next support level for S&P 500 is 1575.

SDS and TBT working great.

Dan

Wednesday, June 19, 2013

Bad day for Stocks and Bonds



The Fed told us what we have been talking about for weeks and we were surprised?



 

Dan's Book at www.danperkinsatsanibel.com

Wednesday, June 5, 2013

Is this the correction I was looking For?




This is the first time since the rally began we have seen a correction of 4%. Give the downward momentum at the close we could break through the 5% down level tomorrow.

Dan

 


Dan's book can be found at www.danperkinsatsanibel.com

Tuesday, June 4, 2013

This is the Blog you didn't see from a few weeks ago


This blog was reordered three weeks ago I though it was important for you to hear the points on a new law passed in Europe concerning bank deposits.






Dan's book web site is \: danperkinsatsanibel.com

Tuesday, May 28, 2013

TBT, MannKind, Interest Rates

First let me apologize for the lack of video, I spent days trying to figure out what was wrong and I finally found out last night that Google which owns the Blogger has had a software meltdown and is desperately trying to fix it.

With that said, lets move on, the blog of last week talked about a new position for many of the accounts. Mannkind (MNKD). This company is completing Phase three trials on a replacement for injected insulin. They have developed an alternative delivery using a puffer. The results of the last trial are due out in August. We currently have 40% and growing of the adult population in America that is either type 1 or type 2 diabetics,

If the phase three results are successful it would be a major break through. The next phase will be to find a distribution partner. My guess is that within 12 to 24 months the company is bought out at a substantial premium, Go to the company web site www.mannkindcorp.com for more information.

European Parliament last Monday passed a new law that will allow the central bank to take deposit in excess of 100,000 euros to deal with bank solvency. I warned you that Cyprus was just the start. The new law affects all 27 members of the EU. I can't imagine anyone or any corporation keeping more that 100,000 Euros in a bank in any of the 27 member nations.






Last Interest rates








As you can see below the yield on the 30 year T-Bond broke through the 3.25% level. The markets have tried  several times this spring to break through but failed. The next resistance is a yield of 3.40%. As a result of this move or hedge in TBT moved up $3.80 or 5% in one day. If interest rates continue to trend higher TBT will move twice as fast.  





As yields rise those investors, not us who were buying longer dated Treasuries, not us, will see substantial declines in their accounts. We are well protected against rising interest rates.

I hope I can get the video back soon, if not I will have to look for a different platform.

DanPerkins


           

Tuesday, April 16, 2013

Extreme Volatility over three days


Gold fell $160 in two trading days, I hate to think how much net worth was lost and I'm sorry to say it just might go below $1,300.

Dan




Dan's Book web site www.danperkinsatsanibel.com

Tuesday, April 9, 2013

The trouble in Europe isn't over

The movement by central bankers in Europe and Japan pushed American interest rates close to historical lows.

Dan Perkins






Dan's Book web site www.danperkinsatsanibel.com

Tuesday, March 26, 2013

Central Bankers make a Big Mistake

Could your business survive if 40% of all your money in all the banks you have relationships was gone over night? 

Dan Perkins


Dan's book web site www.danperkinsatsanibel.com

Monday, February 25, 2013

The truth about Sequester

A lot of numbers but they are important

Dan


Dan's Book web site:
www.danperkinsatsanibel.com

Monday, February 4, 2013

Great January

We had a great January but we do have some things to be concerned about but we are off to an outstanding start.






Monday, January 7, 2013

Tax Law Update



I hope this is helpful. Sorry about the cold but you should have heard me last week.

Dan