Smart Option Traders ‘Smelled’ the Latest Bounce
The Volatility Index (VIX) has not lived up to its contrarian indicator reputation, but there is another CBOE options index that’s provided some noteworthy signals....
Category : Editor’s Picks
Defining “Reserves”
I’ve run into quite a bit of confusion in conversations discussing bank reserves, and found occasion to get precise on the usage in recent comments....
What The S&P 500 Term Structure Said
In equity markets, a selloff doesn’t really count until it gets the term structure up. The only two occasions when we got close to backwardation...
The Economy’s ‘Bread and Butter’ Sector is Back in Recession
The Federal Reserve has ‘manufactured’ a relentless bull market for stocks while kicking the economy’s ‘bread and butter’ sector – manufacturing – into recession territory....
Dogs Trump the Market Despite Dividend Fallout
The Dogs of the Dow strategy might as well be an initiation to the stock market. It’s often the first “strategy” that investors run into...
The Accounting Quest of Steve Keen
These authors have scaled the summit in question. They have demonstrated skills that are too rare in economic thinking – first, they are very knowledgeable...
How a Friendlier Germany Might Affect Options Markets
An article published in Der Spiegel on Monday is causing quite a stir for its suggestion of a policy about-face by Germany. Angela Merkel and...
What Will Happen to Markets When QE Ends?
Good piece in the FT online today by Gavyn Davies on what wil happen to markets when QE (quantitative easing) ends. As we have witnessed...
The IRS Tale–Times Letter Writers Seem to Get It (or at least, most of them anyway)
As I’ve noted in several posts on A Taxing Matter (see links, below), the media and right-wing “hearing” frenzy continues over the purported IRS “scandal”...
Detroit on the Ropes
Perhaps ranking as the least surprising revelation of the year, the Detroit emergency manager has reported that the city is bankrupt. “The City of Detroit...