derivatives

I've been thinking about what happened with share prices of GameStop and other companies that were bid up last week and want to give you a few thoughts on what I think happened and why it matters. Part of this is about the mechanics of…

Back in June, I wrote a post about worries that were beginning to surface regarding a speculative mania taking form in the equity markets. I want to update the thinking from that post now that we have had three months' additional data. And…

Markets were down today, sending the US market to its worst loss since June. Given that I have been writing about downside market risk, I thought I would make a few comments. First, let me say that one bad day isn't a big deal. In fact,…

This is an update to yesterday's post about the inability of safe asset holdings to mitigate downside risk during equity drawdowns. As you know, I believe we are about to enter a potentially volatile period in the markets in September and…

How do like that for a title! Let me flesh this out relatively quickly here. It might end up spanning multiple posts as a result. But, yesterday I promised to follow up on thoughts about market volatility and market directional based on…

Yesterday, after some intense industry pressure, US regulators (OCC, FDIC, SEC, etc.) collectively announced that the bulk of the so-called TruPS CDO securities issued prior to May 19, 2010 will be exempt from the Volcker Rule. Let's take a…

Now, you may well deduct from all of this that I am as bearish as I have ever been, but nothing could be further from the truth. The issues I have discussed in this month’s letter are clouds on the horizon which are likely to take years to…

Here's the skinny on how Jeffrey Gundlach sees the best tactical bond market approach for US-based investors

Here’s more from Warren Buffett on CNBC this morning. This time he talks to Becky Quick about ‘Too Big To Fail’. CNBC host Joe Kernen takes sides with the Occupy Wall Street protesters and asks Buffett whether we can regulate them to “keep…

In the video below, Bill Black discusses the issues he raised in a recent post about Bank of America’s accounting activities. At issue is the effect of its shift of assets from the holding company to its FDIC-insured subsidiary. In total,…