Category: Markets
NASDAQ 3000 (in spite of)
NASDAQ 3000 (in spite of)
We kissed Nasdaq 3000 this morning. Doom and Gloom abounds. The macro picture is still dire with lots of bad news – some of which you can only get on ZeroHedge! Consider the crazy news that Wyoming was lookin…
QE3 Or Not To Be, A Brief Q & A
As good news appears to be bad news for now and the hopes of imminent dovish QE3-gasms gets pushed off a week or two, we thought it useful to dig into the mysterious central bank go-to play in a little more detail. Morgan Stanley’s European Economics T…
Warren Buffett – BRKA=BFD
Originally published on the enigmatic Slope of Hope…….
“Next up on CNBC – - an octogenerian fund manager who completely missed the boat on technology in the late 1990s and, since the early 2009 bottom, has underperformed the S&P by 50%. Stay tu…
THe FRaCTioNaL PRoBLeM…
The Fractional Problem is the problem of predicting the motion of currencies that interact with each other fractionally.
Solving this problem has been motivated by the need to understand the mind of the Chairsatan and the gravitational pull the plane…
Either Greece is Forced Out or Germany Walks… Either Way a Collapse is Coming
The situation in Europe has now reached the point that the major players have shown their hands. And they are:
Germany will not put up more money unless Greece essentially passes up its fiscal sovereignty.
The G20 will not give more mone…
Ben Bernanke: "The ECB Is Well Capitalized"
This will be one of those “one picture is worth a thousand words” posts.
A quick preface:
During Congressional testimony, Ben Bernanke defended the Fed’s FX swap lines by saying that the ECB was “well-capitalized.” So instead of spending countless wor…
CITI: This Year’s Sea-Change Elections Could Mean Tremendous Volatility In The Emerging Markets
Conventional wisdom warns that election years are good for markets as the government pumps money into the economy and does everything else it can to make sure its voters are happy. A new Citi report by Geoffrey Dennis looks at 11 s…
Greek Bank Deposit Outflows Soar In January, Third Largest Ever
Just like the housing market in the US, following the modest blip higher in December Greek bank deposits, immediately the great unwashed took to calling an end of the Greek deposit outflow and seeing a glorious renaissance for the country’s bank ind…
A Strange Chart, In More Ways Than One
Everyone and their mum knows by now that Italian bonds have rallied since the first LTRO and we are told that this is symptomatic of ‘improvement’. While we hate to steal the jam from that doughnut, we note Peter Tchir’s interesting chart showing how f…
Europe Closes On Lows As Stigma Trade Ramps Up
As we have discussed extensively, and noted this morning specifically, the LTRO is stigmatizing credit markets in Europe, no matter what European leaders or bank CEOs tell you. European credit and equity markets dropped dramatically post LTRO 2 and acc…
