equities

A few weeks ago (July 7th) we wrote a comment entitled "Nothing Matters Until It Does". Now it suddenly does all matter, although all of the problems every one is talking about today have been pretty obvious for some time. These include the…

I received the following blurb from Bloomberg Television about Barton Biggs, who yesterday had indicated we were in the process of bottoming.

In case you did not notice it, the much discussed "range" on the SP500 broke in spectacular fashion today as the short rollers bypassed the 1250 mark in the same style as the Germany panzer passed the Maginot line back in the early stages…

The S&P 500 completes its worst run in a long time returning to levels not last seen since March, when we thought we had to write off the entire Japanese economy as a nuclear wasteland. So, is it all back to square one for the already…

The Dow Transportation Index was down almost 4 percent today and if there is any silver lining in the current market turmoil is that Trannies usually lead crude down, which will drop gas prices. The chart below shows the 12.2 percent swan…

Almost everything that happened last week is irrelevant given what looks like a U.S. debt deal. What we’re watching is how the relief rally holds and whether the Friday’s poor GDP data was a game changer. Looking under the surface of the…

The signal we’re extracting from the weekly move of the Four Horsemen is that though concern and the lack of confidence in the U.S. over the debt ceiling issue has increased, other factors, such as the deflationary consequences of a large…

No, but stocks and bonds are down. Global equity markets are down and safe havens like gold and the Swiss Franc are up. Stan Collender thinks the likelihood of a deal is less than many believe.

The debt ceiling debate has stalled and the possibility of default is no longer an outlier. Even so, budget cuts from a deficit deal would weaken consumer demand in the US, already slowed by unemployment. My expectation is that by next…

Something interesting is being played out. Margin traders--the famed Mrs Watanabe-- at the Tokyo Futures Exchange--have amassed a large short yen position. There are about 900k short yen contracts as of today and about 364k are short yen…