fuzzy math for tarp and conservatorship

8/14/2019 Fuzzy Math for TARP and Conservatorship

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Richard Suttmeier is the Chief Market Strategist at www.ValuEngine.com.ValuEngine is a fundamentally-based quant research firm in Princeton, NJ. ValuEngine

covers over 5,000 stocks every day.

A variety of newsletters and portfolios containing Suttmeier's detailed research, stock picks,and commentary can be found HERE.

Suttmeier's Four in Four video and ForexTV Markets Review can be watched on the webHERE.

December 8, 2009 Fuzzy Math for TARP and Conservatorship

Fuzzy Bailout Math for TARP and Conservatorship of Fannie and Freddie. US Treasuries facesupply test. Gold bubble could be popping. Nymex crude oil trickles lower. Stocks still poisedfor breakout or breakdown.

Fuzzy Math from the Bank Bailouts

Congress authorized the Treasury Department to spend $700 billion in TARP and another $400 billionfor Fannie Mae and Freddie Mac in Conservatorship.

Propublica.org reports that $452.6 billion has been announced and / or distributed from the $700billion TARP to 727 recipients. More than 400 got federal money after President Obamas inauguration.

The Conservatorship of Fannie Mae & Freddie Mac So far $110.6 billion has been allocated

versus the $400 billion allocated ($200 billion for each).


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At President Obamas inauguration the total for the two programs was $318 billion, which means that$245 billion money has been allocated under the Obama Administration.

Its hard to believe that Treasury secretary Geithner and Fed Chairman Bernanke say that thesebailouts will make money for US taxpayers. Conservatorship alone will cost nearly $1.4 trillion andcounting.

The daily chart for the 10-Year yield favors higher yields. My semiannual support is 4% with a weeklypivot at 3.446, daily resistance at 3.357, and the 200-day simple moving average at 3.316. Chartscourtesy of Thomson / Reuters

Supply is tested the next three days with $40 billion 3-Year notes auctioned today, $21 billion 10-Yearnotes tomorrow and $13 billion 30-Year bonds on Thursday. My semiannual pivot is 1.265 on the 3-Year.

The daily chart for gold shows declining MOJO with quarterly support at $1135, my weekly pivot at1179 and todays resistance at $1199.


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The daily chart for crude oil shows declining MOJO with oil below its 50-day simple moving averageat 76.32. My annual pivot is $68.81 with the 200-day simple moving average at $64.90.


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Check out the latest Forex TVs Markets Review.

http://www.forextv.com/Forex/Video/Video.jsp?channel=41,276,1241,249,1314,1418,1423,1424,1445&movieid=57867

Richard SuttmeierChief Market Strategistwww.ValuEngine.com(800) 381-5576

As Chief Market Strategist at ValuEngine Inc, my research is published regularly on the website www.ValuEngine.com. Ihave daily, weekly, monthly, and quarterly newsletters available that track a variety of equity and other data parameters aswell as my most up-to-date analysis of world markets. My newest products include a weekly ETF newsletter as well as theValuTrader Model Portfolio newsletter. I hope that you will go to www.ValuEngine.com and review some of the sampleissues of my research.

I Hold No Positions in the Stocks I Cover.

fuzzy math for tarp and conservatorship

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