7 year note auction was excellent but who is buying?
The 7 yr note auction was good as the yield at 3.078% was about 1-2 bps below the when issued and the bid to cover at 2.98 is the highest...
Durable Goods: Less Than It Seems
This morning, the Census Bureau reported the latest data on new orders for durable goods. As usual, all eyes were on the...
Credit Rating Firms: Worthless in a Bull Market, Damaging in a...
The big 3 credit ratings firms seem to have missed nearly every major crisis, collapse, bankruptcy and default of the past few decades....
Ten Wall Street Blogs You Need To Bookmark Now
Very nice comments from the WSJ today: “Every addict has to have his or her fix, and for Wall Street junkies obsessed with bonuses,...
Initial Claims data weak but snow had influence
In likely weather related noise, Initial Jobless Claims totaled 496k, 36k higher than expected and up from a revised 474k last week....
Movie Bloopers — “Breakdowns” — of 1936
The Warner Bros. annual blooper reel for 1936. Featuring Humphrey Bogart, Joe E. Brown, James Cagney, Bette Davis, Kay Francis, Leslie...
Durable Goods rock but only if you make planes
Jan Durable Goods rose twice expectations at the headline level, up by 3% but ex transports they fell by .6% vs an expected gain of 1%....
Rating agencies threatening punishment
Moody’s followed S&P yesterday in warning Greece that a downgrade or 2 may be forthcoming in a few months if they...
Economic data
Jan Durable Goods rose twice expectations at the headline level, up by 3% but ex transports they fell by .6% vs an expected gain of 1%....
SEC Short Ban: “Regulation By Placebo”
And speaking about not understanding what caused the bear market, we have this recent SEC action: “The Securities and Exchange...