The Russell 2000 small cap index breached both lows in the past six trading days. On the other hand the Dow, S&P, Nasdaq and the Financials are churning above those lows, the Nasdaq well above. This is and will add…Continue Reading →
Over the weekend we finally got around to seeing the movie “The Big Short”. I kind of related to the dialogue, having started trading in 1970, and then starting this Blog in January 2008 as the fiasco was about to…Continue Reading →
The markets have had a bit of a dip since the beginning of the year but there has been little panic. That is to be expected after two generations of traders have learned that the FED will always step in…Continue Reading →
As we monitor the unfolding of the macro economic environment the nature of this blog will change. There is little to add to our comments and views of the past few years. ( The Blog comments of December 16 and…Continue Reading →
Janet Yellen and the FED are so predictable and being so they are allowing some other entity to take control, ie, either; the Market, Global credit conditions, Political Upheaval, or Terrorism. They are trying to keep the game going, raising…Continue Reading →
The world changes today if the FED does as expected and raises interest rates. It is not the little quarter point raise, it is rather the change in FED posture, a posture that started way back in 1994 with Alan…Continue Reading →
First, the Dollar. Since December 3rd the dollar has been under pressure. I believe a couple of things are going on: There seems to be a trading contingent that believes if they can crush the dollar, the stock market will…Continue Reading →
Deflation pressures are increasing. How could that be with all the cheap money that has been provided. Maybe the fundamental issue was never addressed, “How can the effects of a burst bubble, a bubble created by cheap money, be addressed…Continue Reading →
We all read the numbers, 10 % of the population owns 80 % of the stock market. So if the stock market declines a lot, more than 50 %, then a good portion of the problem will be behind us….Continue Reading →
It has been just over a year, October 2014, that QE3 ended and the FED’s balance sheet expansion stopped. While there is a lot of talk about a little rise in interest rates, I believe that key guide posts stand…Continue Reading →