This week will likely begin with some relief for the Euro, on G20 plans to cut costs in Euro states, while the hangover from Friday’s U.S. Jobs data could continue into a “no news” Monday trading session. Look for pops to add to shorts early in the week, but keep stops tight leading into Jobless claims and Friday’s data.

The “bond king” of PIMCO, Bill Gross, tells Bloomberg and the world his strategy on the issue of Greek debt… “Stay away!” In the interview, Gross explains recent moves of the Absolute Return PIMCO fund, including record low holdings of Long Term U.S. debt and increased holdings of “core” European bonds, most notably Germany. Having
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“That will never happen to this country.” – Timothy Geitner in response to suggestions that the U.S. Treasury may one day lose its Aaa credit rating. Perhaps inspired by Niall Ferguson’s dramatic Financial Times piece, “A Greek Crisis Coming To America“, we see today as a prime opportunity to recap our short U.S. Long Term
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The last week has seen 100 day moving averages torn apart, surprises from economic data reports, and one of the most notable sell-offs for stocks in some time. Recently, many home gamers and pros alike, have put financials out of their purview. The erratic and effectively risky nature of these names are less than inviting, but
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The following is a Soap Box rant in response to the question below from a good friend of mine. I felt compelled to share it with readers… Question: "So a lot of chatter here about the housing recovery and this being a good time to buy companies such as whirlpool and sherwin williams. (Basically stuff
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The below video was simply too shocking to not have a post dedicated to it's exposure… This clip truly tells the story of Chinese growth and government stimulus in one stroke. Suprisingly, in the development void of inhabitants, most units have sold as investments. Government owned, the city doesn't have to worry about the negative effects of waiting
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The broad measure of the U.S. Equity market, the S&P 500, has found it's way out of a deep hole, dug by the October Employment Situation report that toted headline unemployment at 10.2%. Perhaps giving way to the resilient tone among investors in U.S. firms, this Monday through Wednesday have announced little new economic data, yet
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Bill Gross of PIMCO began his June outlook statement with the fitting quote from Abraham Lincoln stating, "You can fool some of the people all of the time, and all of the people some of the time, but you cannot fool all of the people all of the time". Perhaps there are a few more fools than
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A modest trader is a sharp trader and we at Diamond Slice maintain our short strategy, despite the rally extension in U.S. equities . Fundamental economic data continues to show that the broad economy continues to decline despite government stimulus efforts to increase consumers' ability to purchase goods. The home purchase program is extremely attractive
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No one seemed to questioning the vicious buying of Bank of America (BAC) and Citi Group (C) on a Wednesday where stress test leaks suggested the two banks will need an additional $35 billion and $50 billion of common equity. Does the transparency of major U.S. banks' financial needs warrant the KBW Banking Index's gain
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