Greenspan Opens Mouth; Hussman has Last Word
Good Evening: U.S. stock averages opened and closed near the unchanged mark today, but those levels belie quite a bit of activity between...
Increase In Currency
Brilliantly funny, not-safe-for-work commercial from Europe for Bontrust Finance: > From YouTube: When the agency came to us with the...
Finding the “New Normal”
As this bear market rally fades–or, at least, consolidates around this new level–we’re confronted again with questions...
S&P 500 Rallies without 10% Correction
Fascinating chart from Ron Griess of The Chart Store. In order to qualify, the SPX must rally at least 10%, and then continue without a...
Krugman: Rapid Recovery ‘Extremely Unlikely’
Bloomberg: Princeton University’s Nobel Prize-winning economist, said global economic prospects don’t justify the two-month rally...
How the Bailouts Screw Smaller Banks
Front page story of today’s NYT discusses the small, well managed, profitable, risk averse banks. Indeed, as Chris Whalen has so...
Banks CDS, if you blinked…
Now that we are a few days removed from the release of the stress test results, let’s look at the markets view of the credit...
Suckers Rally or Not?
Wading in on the debate of whether this is a bear market rally or not one has to start differentiating among groups that have long term...