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Browsing Tag
equities
Jeremy Grantham: “Keep telling yourself… you’re a long-term investor”
Jeremy Grantham has seen this crash coming for quite some time. Nevertheless, he is not selling everything and waiting out the market in Kruggerrands and cash. has kept a good long-term perspective about investing that bears repeating here.…
Are the markets reaching the bottom?
It is usually said that capitulation is reached and the markets can go higher only when everyone has thrown in the towel. Are we there yet? I don't think so. However, would suggest you head over to the Guardian website and vote…
Pre-Market Update
Things have not calmed down yet and the Futures market is pointing to a very poor start to morning trading. We are looking at a minimum of 4% down right of the bat.If the Plunge Protection Team exists, now is your time to…
Global markets round-up
It is 8:15 AM ET and this is what I see in the markets today as we await the opening in New York:EuropeThe U.K FTSE 100 down 7.5%The German DAX down 9%The CAC-40 in Paris down over 8%AsiaJapan's Nikkei down nearly 10%The Hang Seng in Hong…
Global asset re-pricing
It's about 7:45 AM ET as I write this and the overseas stock markets are getting hammered. I can't say I don't fear what is going to happen today because I do. We are witnessing a meltdown of unimaginable proportions that is not just…
Chart of the day: Dow 1973-1974
The last time faced a recession and a Bear Market of such viciousness was 35 years ago in the recession of 1973-1975. In the UK, it was truly horrific as inflation shot up to 25% and stocks dropped more than 90% in inflation-adjusted terms.…
Nikkei down 8% at open
This does not bode well.Japan's Nikkei stock average slid more than 8% on Friday after U.S. stocks plummeted on fears about a global recession, while a firm yen added to the pain.In early trade, the benchmark Nikkei had shed 673.72 points…
Free Fallin’
No not the markets, the song. We need a bit of a break from this calamity of a global financial system. So here it is via Tom Petty & The Heartbreakers, one of my favorite groups. The title is apropos, and the music is a bit…
678 points down
Honestly, I expected today to be up. In fact, it was a good day for much of the day. Overnight, the Hang Seng and the Straits Times were up over 3% in Asia. The European markets lost only a few percent. None of this prepared us for the…