It’s becoming clearer by day that there is little sanity left in the realm that had once been hailed a “free market”. Traders suck up the “good news” of more QE from the Federal Reserve in the U.S., like a junky celebrating one more smack filled syringe he hopes will be soon smuggled in by his big brother. How much longer can the lunacy persist?
Bernanke and the crew will get started bright and early behind the collasal locked mohagany doors of the FOMC board room Tuesday morning, while traders will ernestly focus on the information at hand. A slew of earnings from Ashland (ASH) (0.71 EPS est.), Corning (GLW) (0.42 EPS est.), Delta Airlines (DAL) (-0.24 EPS est), DuPont (DD)
[continue reading...]
The Institute for Supply Chain Management surprised the world on Monday morning, as they announced the results of their manufacturing managers survey. The report is essentially a survey where every manager is asked to respond to his own experience. Each manager states whether they see conditions improving, deteriorating or remaining constant, with respect to thirteen main criteria. The December survey’s
[continue reading...]
The 10 Year Treasury Note is the benchmark debt product of the Treasury and as the benchmark it's meant to represent the strength of the U.S. Treasury's balance sheet. If this holds true, the current fiscal strength of the U.S. Treasury is hampered at best. Debt markets are generally much less exciting than equity markets,
[continue reading...]
The United States is bubbling with populist outrage over the recession, deemed to be caused by financial institutions, and the essentially ineffective response provided by the government and monetary policy makers. The House of Representatives has voted on an amendment to the Barney Frank Financial regulation bill, which enforce a financial audit of the Federal Reserve 180 days after
[continue reading...]
Amidst all the hypotheses and strategies of guys like myself "probing for profits", the most recent security to have stolen the limelight must be currencies. It's no secret that the U.S. Dollar has been falling against nearly every major currency throughout the world over the past six months, however it's soon to become a bigger issue,
[continue reading...]
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
[continue reading...]
Analysts across field are calling for the U.S. economy to "bottom out" in the second half of 2009, calling for GDP growth in Q4 but hesitant to take a stand regarding the near term economic forecast. Meredith Whitney drew her own proverbial line in the sand, calling for shares of Goldman Sachs (GS) to reach
[continue reading...]
Summing up the pieces that have lead us to the strange "here and now" in global financial markets may produce a different result for each market practitioner, yet there are truths agreed upon by most worth mentioning. The purpose of this article is to identify some truths and un-truths, which will provide a fresh slice
[continue reading...]
Kicking of the June 15-19 trading week, the Dow Jones Industrial Average and S&P 500 both sold off well over 2% and erased previous gains for the month. Should history repeat itself, U.S. equity trading this week will show marginally increased volatility and volume due to the "quadruple witching" day occurring on Friday. The significance
[continue reading...]
