The Big Picture

Apple confirmed its Friday hammer panic bottom with a $38 plus move higher, closing up 7.21 percent on the day. Nice! How big was the...

My afternoon train reads: • GDP Accelerating to 2.9% Helping U.S. Overcome Sandy Woes (Bloomberg) see also Sales of Existing Homes...

According to the latest leaks ahead of the EZ finance ministers meeting tomorrow, the EZ is considering the following. • To decide on...

Treasuries’ Foreign Buying Doubles China’s $123 Billion Cut Source: Treasury data, Bloomberg Bloomberg Briefs notes that...

click for giant graphic Source: Calculated Risk The NAR reported that Existing Home Sales rose 2.1% in October, better than 2011...

Existing Home Sales in Oct totaled 4.79mm, 50k more than expected but Sept was revised down by 60k to 4.69mm. The Oct annualized run rate...

Reuters reports that the recent (Yomuri) poll reveals that the LDP party has the support of 25% of the Japanese population, whilst 13%...

My morning reads: • Investors Rush to Beat Threat of Higher Taxes (NYT) • The new boom: Shale gas fueling an American industrial...

“You can’t always get what you want, but if you try sometimes, you just might find you get what you need.” I...

Fiscal Cliff or Slippery Slope? David R. Kotok Cumberland Advisors, November 19, 2012 When it comes to US fiscal policy,...