Markets made up their mind early in the day as they hit the skids early following some more negatives from Europe. Couple that with some hot inflation numbers and very poor philly Fed numbers and you had a strange brew forming. The breadth was as bad as I’ve ever seen it – nearly 29–1 negative…
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This video is courtesy of econstories.tv In Fear the Boom and Bust, John Maynard Keynes and F. A. Hayek, two of the great economists of the 20th century, come back to life to attend an economics conference on the economic crisis. Before the conference begins, and at the insistence of Lord Keynes, they go out…
DetailsMore good stuff from the ‘Queen of Markets’, Jill De Quincey. Today, she talks about the Fed’s decision to sit back for awhile and their ‘hands off policy’. She gives us a nice point of view from an outsider’s perspective. I particularly like the emphasis on too much Europe and the goings on in England,…
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A great bonus for everyone here, I’m pleased and honored to bring you the work of Jason Leavitt from Leavittbrothers.com. Jason has been around for awhile and is as sharp as they come. I’ve been reading his stuff for years and always gain some knowledge from his writings. Not only is he a superb stock…
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Markets have fallen with the speed and velocity of a sky diver coming to earth from an airplane. What goes up, must come down I guess. There were multiple triggers for this latest decline that once again has ripped the heart out the average investor. How many times can your head be slammed against the…
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Was anyone a bit surprised the Fed’s statement was silent on the recent debt downgrade or the debt ceiling debate? Hmmm…more on that later. That was quite the ride, wasn’t it? Down 30 handles overnight only to recover and open higher by 14, stay strong through the Fed meeting with vol elevated only to have…
DetailsI wanted to share with you some great comments from Jill at Nakedtrader.com. She comes well-credentialed and astute as it relates to market action. I particularly liked the summary and ‘matter-of-fact’ way she explains movements. In this article, Jill gives us a great synopsis of the recent events unfolding with the ratings downgrade from last…
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When I woke up this morning I looked outside and indeed the sun came up. My dog still wanted to take a walk, the runners were out getting some exercise. Later I saw the lines at Costco were still very long and that the Yankees and Red Sox were battling it out for first. I…
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Out with the old, in with the new. Oh, I don’t like austerity but certainly you couldn’t argue that the country needs some fiscal responsibility and restraint against spending. Maybe a new attitude isn’t far behind. I know many are viewing this credit downgrade negatively, we are certainly getting an earful from the media…
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Update and Comments – 08.6.11 Just a quick update on the activity. New subscribers welcome aboard! When it seemed things could have been better we saw very little daylight. Early in the week there was optimism with a deal in Washington but the reality is it wasn’t enough and the markets responded – loudly. Thursday…
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