Quote of the Day: Michael Belkin
“Most global stock indexes have decisively broken below their 200 week moving averages, which is a major trend reversal. The...
Quote of the Day: James Montier
James is an unusually clear eyed analyst: “In good times, few focus on such ‘mundane’ issues as earnings quality and footnotes....
Paulson & Co Opening New Fund to Re-Capitalize Banks
There is no small amount of irony in this: "John Paulson, the money manager whose wagers against the U.S. housing market helped him...
Those Damn Short Sellers Are Just Killing It!
There were a sew of articles in the papers today about just how much money those damned shorts are making! First up, the WSJ, who looked...
BankAtlantic DESERVES to Go Belly Up
Suing an analyst over a report is akin to blaming the shorts for your stock price: It is a waste of time and corporate resources, a huge...
Capitulation? The Evidence is Decidely Mixed
It looks like we have mixed evidence as to whether last week represented a Capitulatory low. My best guess is that last week will be an...
Asset Decoupling: Trading Relationships Devolve
Interesting WSJ column about decoupling amongst various assets: "Turbulent financial markets are starting to look a little bit like...
Asterisks Abound
A quick comment prior to running to a meeting: Last week’s deeply oversold condition allowed Treasury and SEC to orchestrate what...
In Defense Of Speculators
This morning’s Ahead of the Tape column in the WSJ discusses the absurdity of targeting short-sellers during downturns. "Some...
The Psychology of Selling
Whenever we discuss sentiment concepts like capitulation or exuberance, we get email asking why. "What’s with the touchy-feely...