bonds

Citibank has to be the worst run of the major banks. The result of ridiculous mergers of Citicorp, Travelers, Smith Barney, Salomon Brothers, this unwieldly mess was a disaster that should never have happened. Now, Citigroup has a market…

Just after the unemployment claims number was released at 830AM ET in the U.S. markets took a sudden jolt down.  U.S. stock futures cratered, European stock markets fell more and Dollar-Yen and U.S. bond markets rose.  In fact,…

Related articles Dow Plunges 400 to Below 8,000 as S&P 500 Skids to 5-Year Low

Last week, I posted an article on why the recent rally did not look anything like a bull market titled "An amazing market rally. What's next?"o, it seems like I was bullish for all of two weeks. Yet, the truth is I was never bullish on the…

Central banks around the world are whacking interest rates at a breakneck clip. The Fed, the Reserve Bank of Australia, the Bank of Japan and now the ECB and the BoE. The BoE made the most dramatic move with an outsized 150 basis point…

When the Euro was formed, bond traders looked askance at Southern European sovereign debt, which trade at a considerable premium to debt from Germany, France and the Netherlands. In those days, the Southern European countries developed the…

This morning, the markets are looking wonderful. All the Asian markets were up with the Nikkei (Japan), Kospi (S. Korea) and Hang Seng (Hong Kong) up 10%+. The European markets were way up right out of the gate. And despite bad GDP…

The 30-Year U.S. Treasury began to be issued in 1977. It's yield at 3.86% is a record low as a flight to safety is underway. I have to repeat: this is a market crash.

The news on markets around the world is particularly dire this morning. Despite a late day rally in the U.S., markets in Asia and Europe are down as much as 9 and 10% and S&P Futures are 60 limit down. This is going to be a very ugly…

In a recent post I said that I was selectively scanning for value plays at this level. A reader asked me the legitimate question: "Why would anybody buy anything in this market?" Basically, he was questioning my sanity.I am entirely sane…