Help Me Understand this Market. Maybe I’m missing something, but the way certain interest sensitive sectors of the market are acting, especially those with leverage (MLPs, REITs, Utilities and BDCs), you would think a major bump in interest rates (maybe even tightening by the Fed) is imminent. Can you tell me from whence this is…
Piling On … CNBC distinguishes itself again!
The definition of piling on, according to the football website, football.answers.com, is: “Once that the ball carrier is down, or more specifically, prostrate and helpless, jumping on that player would be piling on” … a fifteen yard penalty for the guilty team. This holds true even if only one player does it. Too bad the media, oftentimes guilty…
WTF !!!
What’s The Fuss? Nothing has changed. The Fed is still on HOLD for a measly quarter point increase in the Fed Funds rate. They continue to poorly communicate their message, thus leaving the door open for speculation about bad things happening here and abroad, problems only visible to them from their high perch, but not to be…
“Why the Fed Should Stand Pat”
Do I buy this title from Randall Forsyth and Barron’s this weekend? NO. It is just one more example of the media stirring the pot on a trivial issue that it has managed to build into a tower of worry and grief. The tag-line on this header is even worse, “Fed tries to avoid torpedoing global economy and market.”…
Stock Market or Stewpud Markit?
My take: hands down, it is the ‘Stewpud Markit’. I have never, ever seen the expenditure of intellectual energy that has gone into the stupid pursuit of the meaningless questions, ‘when will the Fed begin to raise rates for the first time after an 8 year hiatus and what will be the resultant economic impact?’…
“Abandon All Hope Ye Who Enter Here”
This welcoming admonition, according to Dante, was prominently displayed on the gates of Hell (the Inferno). Certainly Dante had no concept of capital markets or the stock market; however, after this week’s action at the corner of Broad and Wall, his dire warning might be a fitting inscription atop the portal of the New York Stock…
It’s Fear Baby, Fear!
“Nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.” You know. This was the fear Franklin Delano Roosevelt was referring to in his first inaugural, March 4, 1933. To a great degree this fear was justified. The country was in the middle of The Great Depression, 25% unemployment, the market down…
Back up the hearse … Cue the mourners … This market’s toast
When you have the world’s second largest economy ($10.36 trillion GDP) growing at 12% per annum, you are going to have a significant upward tug on commodity prices. It did, and it was China and this was happening in 2006 /2007. In 2009, that all changed as the Chinese government began a concerted effort to…
“Nasdaq surge is triggering tech-bubble flashbacks”
This was Barbara Kollmeyer’s ‘if it bleeds, it leads’ banner headline, Friday, July 17 (MarketWatch). Ms. Kollmeyer goes on to say, “some strategists are starting to think either history could repeat itself for technology stocks, or we could be opening a nastier chapter in the book of bubbles.” For all the gory details, click HERE….
The End Is Near!
, Hopefully! By the time you receive this post, the people of Greece will have spoken and that drama will be at an end. Or, will it? To be sure, it is noise. But, regardless of the lack of impact a default, or a Grexit might have on Europe or the world economy, the media…