I am going to relate an anecdotal tale that, as far as I can tell, is true. The actual story matters much less than the lessons it...
Read More
I have never been a big believer in the Plunge Protection Team (PPT). The 78% drop in the Nasdaq from 2000 to 2002 was my proof. So while...
Read More
Wild table via the UK Telegraph of what they call "lending banks" results have been relative to the recent sub-prime woes (as...
Read More
Earlier today, I mentioned an example of the wrong analysis/right investment posture. Here’s a perfect example of that: Last...
Read More
One of the odder things about doing whatever it is I do for a living is the multi-stage process it requires. It can be at times...
Read More
Futures are higher this morning on positive earnings news, strength in Asian and European bourses, and a dearth of any new credit...
Read More
I am a news junkie. I think that’s fairly apparent to readers from the weekend linkfests. And, despite the fact that I have warned...
Read More
If you look in last week’s credit-driven market dislocation, one small tidbit has peaked through the wreckage: Investors will be...
Read More
Interesting chart from Mike Panzner of an "enhanced money market fund" that — allegedly — used subprime-related...
Read More
Last night on Kudlow, I was excorciated by Forbes editor Dennis Kneale for being too Bearish on the U.S. economy — 1,400 Dow points...
Read More