US Equity Indices in Review: Buy-the-Dip Fails
Today's action was not pretty, unless you were a bear. Here are a few charts to consider. Dow 10-Minuteclick on any chart for sharper imageIn...
Category : Ideas & Strategies
Greece to Face “Take it or Leave it Offer” Just Like Cyprus
In March of 2013 the Troika gave Cyprus a "take it or leave it offer" that destroyed many savers who were foolish enough to keep...
Apple Hangover: Euro Too Strong?
Apples numbers were fantastic and the cash flow generation better than anything in history ( and better than most of European economies). We think markets...
Greece Out of Funds by Month End
The Financial Times, citing unsourced “people briefed on the radical leftist government’s thinking” has made the claim that the Tsipras government in Athens has “has...
Screws Tighten: ECB Forbids Greek Banks From Buying More Debt; ECB Exposure to Greece Tops €100 Billion
Critics of QE, such as Bundesbank president Jens Weidmann and the head of the Dutch central bank, Klaas Knot, argue the policy, which helps lower...
Reality Check: How Fast is China Growing? Global Recession at Hand
Analyst estimates of Chinese growth keep getting lower and lower. Yet, those declining estimates have all been from a lofty level: From 10% to 9%,...
Chicago’s Fiscal Freefall: Moody’s Cuts Chicago Credit Rating to Two Steps Above Junk; Snake Oil and Swaps; It’s All Junk Now
Chicago had its credit rating cut to within two steps of junk by Moody’s Investors Service because of mounting pension liabilities, underscoring the city’s fiscal...
Dow Jones Averages Did Not (Yet?) Confirm S&P 500 Highs
The S&P 500 is at new all time highs, and, as the weekly bar chart shows, there’s some room until it hits next resistance. However,...
The Biggest Trap of European QE
The cat is out of the bag. The ECB will buy up to euro60 billion a month from March 2015 to September 2016. Purchased assets...
How Does the Swiss Currency Move Affect US Investors?
Here are the most important words of 2015, thus far: “Die Schweizerische Nationalbank (SNB) hat beschlossen, den Mindestkurs von 1.20 Franken pro Euro per sofort...