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	<title>blog.thomaspan.com</title>
	<link>http://blog.thomaspan.com</link>
	<description>Thomas Pan&#039;s Blog - finance, life, photography, technology, travelogue</description>
	<lastBuildDate>Tue, 07 Sep 2010 08:41:12 +0000</lastBuildDate>
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		<title>Bear Rally Or Turnaround?</title>
		<description><![CDATA[Last week, we&#8217;ve experienced another strong 3-day rally, at least pulled us back to the trading range set since April high. There is no doubt that short-term, markets are on a strong upward trend. The question remain the same as is it still a bear rally or the start of a real economic turnaround?
From technical [...]


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<li><a href='http://blog.thomaspan.com/archives/740' rel='bookmark' title='Permanent Link: Seven Reasons Why We Will See a Repeat of 2008 Crash'>Seven Reasons Why We Will See a Repeat of 2008 Crash</a> <small>Related stocks: DIA QQQQ NYC SPY Here are seven reasons...</small></li>
<li><a href='http://blog.thomaspan.com/archives/424' rel='bookmark' title='Permanent Link: Silver Linings in Today&#8217;s Markets'>Silver Linings in Today&#8217;s Markets</a> <small>There was a mini flash-crash on the markets starting from...</small></li>
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		<link>http://blog.thomaspan.com/archives/792</link>
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		<title>Seven Reasons Why We Will See a Repeat of 2008 Crash</title>
		<description><![CDATA[Related stocks: DIA QQQQ NYC SPY
Here are seven reasons that I believe we will see a repeat of 2008 crash unless the government steps in and saves our investors again.

Markets have been performed poorly in the last week by gapping down key support levels. S&#038;P 500 gapped down from its 10-day and 200-day moving average [...]


Related posts:<ol><li><a href='http://blog.thomaspan.com/archives/436' rel='bookmark' title='Permanent Link: Six Reasons Why The Market Correction Is Not Over Yet'>Six Reasons Why The Market Correction Is Not Over Yet</a> <small>The market correction is not over. Here are the 6...</small></li>
<li><a href='http://blog.thomaspan.com/archives/443' rel='bookmark' title='Permanent Link: Nine Reasons Why The Markets Will Go Down'>Nine Reasons Why The Markets Will Go Down</a> <small>As the markets have sustained the support, we will have...</small></li>
<li><a href='http://blog.thomaspan.com/archives/568' rel='bookmark' title='Permanent Link: Markets Backward and Forward'>Markets Backward and Forward</a> <small>Related stock tickers: $COMPQ, $INDU, $SPX, DIA, NYC, QQQQ, SPY,...</small></li>
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		<link>http://blog.thomaspan.com/archives/740</link>
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		<title>Book Review: Quantitative Equity Investing</title>
		<description><![CDATA[In this Great Recession, quants have become notorious again, since Black Money, October 19th, 1987. At that time, it is called &#8220;program trading&#8221;. Fast forward to May 6th, 2010, the &#8220;flash crash&#8221; happened, causing Dow to drop more than 1000 points in couple of minutes. Now, it is called high-frequency trading, which accounts for 40% [...]


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<li><a href='http://blog.thomaspan.com/archives/341' rel='bookmark' title='Permanent Link: Book Review: The Quants'>Book Review: The Quants</a> <small>Overall, the book &#8220;The Quants&#8221; is entertaining and enjoyable while...</small></li>
<li><a href='http://blog.thomaspan.com/archives/566' rel='bookmark' title='Permanent Link: Book Review: &#8220;The Visual Investor: How to Spot Market Trends&#8221; (2nd Edition)'>Book Review: &#8220;The Visual Investor: How to Spot Market Trends&#8221; (2nd Edition)</a> <small>The author of the book is John Murphy. In case...</small></li>
</ol>

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		<link>http://blog.thomaspan.com/archives/703</link>
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		<title>Is the Market on the Verge of Collapsing?</title>
		<description><![CDATA[Related stock symbols: $INDU, $RUT, $COMPQ, $SPX, DIA, IWM, QQQQ, SPY
After dropping 9 out of 10 trading days, finally, major indices turned green last week for the past 5 trading sessions. Note that we are near the position where markets started to correct 15 days ago as Dow ($INDU) came inches away from its 50 [...]


Related posts:<ol><li><a href='http://blog.thomaspan.com/archives/637' rel='bookmark' title='Permanent Link: Weekly Market Briefing (June 20, 2010)'>Weekly Market Briefing (June 20, 2010)</a> <small>Related stock tickers: $COMPQ, $INDU, $SPX, $RUT, DIA, NYC, QQQQ,...</small></li>
<li><a href='http://blog.thomaspan.com/archives/556' rel='bookmark' title='Permanent Link: Markets Keep Showing Weaknesses'>Markets Keep Showing Weaknesses</a> <small>Related stock tickers: $COMPQ $INDU $SPX DIA QQQQ SPY June...</small></li>
<li><a href='http://blog.thomaspan.com/archives/568' rel='bookmark' title='Permanent Link: Markets Backward and Forward'>Markets Backward and Forward</a> <small>Related stock tickers: $COMPQ, $INDU, $SPX, DIA, NYC, QQQQ, SPY,...</small></li>
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		<link>http://blog.thomaspan.com/archives/691</link>
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		<title>What Could Push the Markets Higher? (June 28, 2010)</title>
		<description><![CDATA[Note that this article has been published on SeekingAlpha.com in June 28, 2010 when this site was temporarily shut down due to exceeding monthly network bandwidth usage.
The first two days of last week demonstrated the typical daily pattern when institutions are dumping stocks, as the markets gaped high at open and dropped much lower at [...]


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<li><a href='http://blog.thomaspan.com/archives/568' rel='bookmark' title='Permanent Link: Markets Backward and Forward'>Markets Backward and Forward</a> <small>Related stock tickers: $COMPQ, $INDU, $SPX, DIA, NYC, QQQQ, SPY,...</small></li>
<li><a href='http://blog.thomaspan.com/archives/556' rel='bookmark' title='Permanent Link: Markets Keep Showing Weaknesses'>Markets Keep Showing Weaknesses</a> <small>Related stock tickers: $COMPQ $INDU $SPX DIA QQQQ SPY June...</small></li>
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		<link>http://blog.thomaspan.com/archives/680</link>
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		<title>Weekly Market Briefing (June 20, 2010)</title>
		<description><![CDATA[Related stock tickers: $COMPQ, $INDU, $SPX, $RUT, DIA, NYC, QQQQ, SPY, IWM, $VIX, $WLSH, FDX, FNM, FRE
So far, the markets have been following my script as going down first and going up. $VIX is a very good gauge. The recent uptrend has been consistent with $VIX below 30, which signals the higher risk on the [...]


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<li><a href='http://blog.thomaspan.com/archives/436' rel='bookmark' title='Permanent Link: Six Reasons Why The Market Correction Is Not Over Yet'>Six Reasons Why The Market Correction Is Not Over Yet</a> <small>The market correction is not over. Here are the 6...</small></li>
<li><a href='http://blog.thomaspan.com/archives/609' rel='bookmark' title='Permanent Link: This Time Is Different! Is The Great Depression Avoidable?'>This Time Is Different! Is The Great Depression Avoidable?</a> <small>Lately, I have been thinking whether the Great Depression was...</small></li>
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		<link>http://blog.thomaspan.com/archives/637</link>
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		<title>This Time Is Different! Is The Great Depression Avoidable?</title>
		<description><![CDATA[Lately, I have been thinking whether the Great Depression was avoidable or not. With further reading, it seems that this Great Recession will become the Second Great Depression, though milder so far, largely due to better policies from the world governments. The recent European crisis, as Lena Komileva from Ft.com correctly pointed out:
&#8230; this is [...]


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<li><a href='http://blog.thomaspan.com/archives/436' rel='bookmark' title='Permanent Link: Six Reasons Why The Market Correction Is Not Over Yet'>Six Reasons Why The Market Correction Is Not Over Yet</a> <small>The market correction is not over. Here are the 6...</small></li>
<li><a href='http://blog.thomaspan.com/archives/568' rel='bookmark' title='Permanent Link: Markets Backward and Forward'>Markets Backward and Forward</a> <small>Related stock tickers: $COMPQ, $INDU, $SPX, DIA, NYC, QQQQ, SPY,...</small></li>
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		<link>http://blog.thomaspan.com/archives/609</link>
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		<title>Book Review: &#8220;The Visual Investor: How to Spot Market Trends&#8221; (2nd Edition)</title>
		<description><![CDATA[The author of the book is John Murphy. In case that readers are not familiar with him, John is considered the father of inter-market technical analysis. He has authored several bestselling books, but is most known for his book, Technical Analysis of the Futures Markets, which happened to be his first book. He later broadened [...]


Related posts:<ol><li><a href='http://blog.thomaspan.com/archives/385' rel='bookmark' title='Permanent Link: Book Review: Inside the Investor&#8217;s Brain'>Book Review: Inside the Investor&#8217;s Brain</a> <small>Big swings in the past couple of years have caused...</small></li>
<li><a href='http://blog.thomaspan.com/archives/341' rel='bookmark' title='Permanent Link: Book Review: The Quants'>Book Review: The Quants</a> <small>Overall, the book &#8220;The Quants&#8221; is entertaining and enjoyable while...</small></li>
<li><a href='http://blog.thomaspan.com/archives/443' rel='bookmark' title='Permanent Link: Nine Reasons Why The Markets Will Go Down'>Nine Reasons Why The Markets Will Go Down</a> <small>As the markets have sustained the support, we will have...</small></li>
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		<link>http://blog.thomaspan.com/archives/566</link>
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		<title>Markets Backward and Forward</title>
		<description><![CDATA[Related stock tickers: $COMPQ, $INDU, $SPX, DIA, NYC, QQQQ, SPY, UNG, USO, DBO







This May has been brutal to the stock markets, as Kopin Tan of Barron&#8217;s has put it:
By the end of May, they (investors) had yanked nearly $30 billion from stock mutual funds &#8212; a one-month flight from risk that surpassed the $25 billion [...]


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<li><a href='http://blog.thomaspan.com/archives/424' rel='bookmark' title='Permanent Link: Silver Linings in Today&#8217;s Markets'>Silver Linings in Today&#8217;s Markets</a> <small>There was a mini flash-crash on the markets starting from...</small></li>
<li><a href='http://blog.thomaspan.com/archives/556' rel='bookmark' title='Permanent Link: Markets Keep Showing Weaknesses'>Markets Keep Showing Weaknesses</a> <small>Related stock tickers: $COMPQ $INDU $SPX DIA QQQQ SPY June...</small></li>
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		<link>http://blog.thomaspan.com/archives/568</link>
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		<title>Markets Keep Showing Weaknesses</title>
		<description><![CDATA[Related stock tickers: $COMPQ $INDU $SPX DIA QQQQ SPY
June is the last month of the quarter, a perfect month for fund managers to do window dressing. So far, there are two up days, discounting the first down day. As the panic ebbs, the markets have been mysteriously quiet, which includes the corporate bond market. Is [...]


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<li><a href='http://blog.thomaspan.com/archives/436' rel='bookmark' title='Permanent Link: Six Reasons Why The Market Correction Is Not Over Yet'>Six Reasons Why The Market Correction Is Not Over Yet</a> <small>The market correction is not over. Here are the 6...</small></li>
<li><a href='http://blog.thomaspan.com/archives/424' rel='bookmark' title='Permanent Link: Silver Linings in Today&#8217;s Markets'>Silver Linings in Today&#8217;s Markets</a> <small>There was a mini flash-crash on the markets starting from...</small></li>
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		<link>http://blog.thomaspan.com/archives/556</link>
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		<title>Easy Money Following the First Leg of Recovery</title>
		<description><![CDATA[Related stock tickers: $COMPQ $INDU $NYA $RUT $SPX $XAX BGU DZK EDC ERX F FAS MWJ TNA TYH
After so much negative news lately, I decide to give the markets a positive spin, not surprisingly, by looking backward. Some have called this rally from the low of March, 2009 as the mother of all the bear [...]


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<li><a href='http://blog.thomaspan.com/archives/424' rel='bookmark' title='Permanent Link: Silver Linings in Today&#8217;s Markets'>Silver Linings in Today&#8217;s Markets</a> <small>There was a mini flash-crash on the markets starting from...</small></li>
<li><a href='http://blog.thomaspan.com/archives/436' rel='bookmark' title='Permanent Link: Six Reasons Why The Market Correction Is Not Over Yet'>Six Reasons Why The Market Correction Is Not Over Yet</a> <small>The market correction is not over. Here are the 6...</small></li>
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		<link>http://blog.thomaspan.com/archives/501</link>
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		<title>Nine Reasons Why The Markets Will Go Down</title>
		<description><![CDATA[As the markets have sustained the support, we will have a bounce as my fellow SeekingAlpha contributor Bespoke has pointed out in Memorial Day Week Market Performance. The trigger could be Friday&#8217;s job report as helped by addition of 400,000 census workers, May non farm payrolls could spike by 600,000. June might provide a good [...]


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<li><a href='http://blog.thomaspan.com/archives/424' rel='bookmark' title='Permanent Link: Silver Linings in Today&#8217;s Markets'>Silver Linings in Today&#8217;s Markets</a> <small>There was a mini flash-crash on the markets starting from...</small></li>
<li><a href='http://blog.thomaspan.com/archives/328' rel='bookmark' title='Permanent Link: Markets Weighed down as Distribution Days Mount'>Markets Weighed down as Distribution Days Mount</a> <small>All the four major indexes, Dow (DIA), S&#038;P 500 (SPY),...</small></li>
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		<link>http://blog.thomaspan.com/archives/443</link>
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		<title>Six Reasons Why The Market Correction Is Not Over Yet</title>
		<description><![CDATA[The market correction is not over. Here are the 6 reasons:

The 3-month Libor (London InterBank Offered Rate) has hiked up to 0.54%, the highest since last August. If the situation continues worsening, banks will stop lending to each other again, which could easily force couple of them to go under.
VIX has been above 40 for [...]


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<li><a href='http://blog.thomaspan.com/archives/288' rel='bookmark' title='Permanent Link: Is the market overdue for a correction?'>Is the market overdue for a correction?</a> <small>This month has turned out to be a very good...</small></li>
<li><a href='http://blog.thomaspan.com/archives/409' rel='bookmark' title='Permanent Link: Use Barron&#8217;s Magazine Cover as Market Barometer'>Use Barron&#8217;s Magazine Cover as Market Barometer</a> <small>It is important to correctly time the market, especially for...</small></li>
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		<link>http://blog.thomaspan.com/archives/436</link>
			<georss:point featurename="London, England, GB">51.5063 -0.12714</georss:point>
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		<title>Silver Linings in Today&#8217;s Markets</title>
		<description><![CDATA[There was a mini flash-crash on the markets starting from noon in New York. Use the intra-day chart of Dow Jones Industrial Index as an example below (chart courtesy of Yahoo! Finance) &#8212; it is the same for S&#038;P 500 and Nasdaq. There was a sharp drop in noon with high volume, causing couple of [...]


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<li><a href='http://blog.thomaspan.com/archives/288' rel='bookmark' title='Permanent Link: Is the market overdue for a correction?'>Is the market overdue for a correction?</a> <small>This month has turned out to be a very good...</small></li>
<li><a href='http://blog.thomaspan.com/archives/409' rel='bookmark' title='Permanent Link: Use Barron&#8217;s Magazine Cover as Market Barometer'>Use Barron&#8217;s Magazine Cover as Market Barometer</a> <small>It is important to correctly time the market, especially for...</small></li>
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		<link>http://blog.thomaspan.com/archives/424</link>
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		<title>Use Barron&#8217;s Magazine Cover as Market Barometer</title>
		<description><![CDATA[It is important to correctly time the market, especially for peaks and troughs so that one could escape without scratches and jump back in to maximize the profits. One way to do it is through magazine covers. Use the recent Great Recession as an example. This time, I try to do it via Barron&#8217;s magazine. [...]


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<li><a href='http://blog.thomaspan.com/archives/328' rel='bookmark' title='Permanent Link: Markets Weighed down as Distribution Days Mount'>Markets Weighed down as Distribution Days Mount</a> <small>All the four major indexes, Dow (DIA), S&#038;P 500 (SPY),...</small></li>
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		<link>http://blog.thomaspan.com/archives/409</link>
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		<title>Book Review: Inside the Investor&#8217;s Brain</title>
		<description><![CDATA[Big swings in the past couple of years have caused a lot of churns and sleepless nights for many investors trading in both long and short sides. Richard Peterson&#8217;s book, Inside the Investor&#8217;s Brain, is definitely the savor. The author&#8217;s credentials and background are impressive because the author has traded extensively, worked with hedge funds, [...]


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		<title>Book Review: The Quants</title>
		<description><![CDATA[Overall, the book &#8220;The Quants&#8221; is entertaining and enjoyable while conceptual-heavy in the first half with valuable references to technical books, papers, and pioneers that eventually gave the birth to the quants. Stories of Wall Street heavy-weights, such as Warren Buffett and Bill Gross, from different periods of time are marvelously linked together around Ed [...]


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		<link>http://blog.thomaspan.com/archives/341</link>
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		<title>Markets Weighed down as Distribution Days Mount</title>
		<description><![CDATA[All the four major indexes, Dow (DIA), S&#038;P 500 (SPY), Nasdaq (QQQQ), and NYSE composite (NYC), have scored another distribution day. Note that so far, there are 4 distribution days for Dow, S&#038;P 500 and NYSE composite and 3 for Nasdaq since Feb. 8th when the current rally started. See the following stock charts for [...]


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<li><a href='http://blog.thomaspan.com/archives/306' rel='bookmark' title='Permanent Link: Banks are under Pressure'>Banks are under Pressure</a> <small>Financial stocks have led the market rally since Feb. 8th...</small></li>
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		<link>http://blog.thomaspan.com/archives/328</link>
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		<title>Banks are under Pressure</title>
		<description><![CDATA[Financial stocks have led the market rally since Feb. 8th low. Lately, they are under pressure as the whole sector is under oversold state for a while. Note that &#8220;today marks the last offering of six-month funds from the European Central Bank to banks, while in the US, the Federal Reserve will stop buying residential [...]


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		<link>http://blog.thomaspan.com/archives/306</link>
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		<title>Is the market overdue for a correction?</title>
		<description><![CDATA[This month has turned out to be a very good month for U.S. stock market. Three major indexes have rallied more than 10% since their recent lows around Feb. 8th. The whole market seems to be due for a correction. Check out the following annotated charts ...


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