equities

Another one from David Rosenberg before I end it for the night...seriously. This one is from his morning piece, but it applies equally well now: THE NEEDLE AND THE DAMAGE DONE The needle, in this sense, is the equity market, and the…

Below is a chart of the ten-year Treasury yield over the last three months. After peaking near 4% in April, it has since dropped to below 3% and currently yields for 2.97%.  This is as abrupt a move as you are likely to see in…

Let's re-visit one of the more salacious stories to hit the papers in the post-Bernie Madoff era. I'm talking about the story of Lenny 'Nails' Dykstra, the former all-star baseball player turned stock picker made by TheStreet.com's Jim…

The final revision to Q1 US GDP was disappointing in the headline and composition.  It is mitigated on the margins, for investors, by the substantial upward revision in corporate profits. Growth was revised to 2.7% from 3.0%…

Below is the weekly commentary from Comstock Partners. The softening in the economy that we have been looking for is now becoming a reality as a wide sampling of the latest monthly or weekly economic releases clearly indicates that a…

By John Lounsbury What is the best proxy for demand in the housing market?  How about lumber.  Here is one ugly chart, courtesy of finviz.com (with trend lines added by the author): For large graphic without added trend…

One of my good friends who runs a small investment boutique pointed me towards today's chart of the day from Bloomberg showing the flight phoenix of US corporates' profit margins. I know that the chart is difficult to read but you only…

Comstock Partners' latest weekly note demonstrates the core issue is a longer-term deleveraging that cannot be solved by fiscal and monetary stimulus. This likely means lower inflation-adjusted stock prices when the stimulus-induced…

John Hussman is out with his latest weekly and he discusses... the ECRI Leading Indicators of course. Everyone is talking about these numbers.  He is bearish, but as I have also noted the ECRI data are not yet predicting…

By Marc Chandler of Brown Brothers Harriman Highlights The US dollar is extending last week’s pullback in what appears to be largely position adjustments, partly as a function of a better news stream and a healthier appetite for…