The Bank of England is expected to cut interest rates by 50bp on Thursday to 1.50 percent, an all time record low, yet the British pound is rallying. This bizarre price action stems from the fact... read more »
It seems like Capitol Hill should have an announcer out front yelling, "Step right up! Get your piece of the amazing bailout pie here!" It seems like there is one already, actually, now... read more »
This is no way to start the holiday week is it? The only folks pleased by today's action are those driving a Hummer and/or snowmobiling. This type of action is why Chicken Dave still maintains high... read more »
As I have noted many times over the last 18 months, maintaining a stable relationship between median incomes and median home prices is essential. Between 1965 and 2000, median home prices and median... read more »
By all reports, there is a second-wave interest crunch to hit the US - perhaps as early as next year. If you Google ‘Alt-A' (Alternative Paper A), Option Arms and Interest Only, you'll find a ton... read more »
Bulls seemed very confident and their clamor, "the bottom's in" has been hard to miss or avoid. But, like our penguin friend above, bears tripped bulls up today and yesterday. While we may... read more »
Other than the ongoing bond bubble, the abrupt fall in the dollar is other big story now. It seems investors are becoming more yield oriented and with Bucky yielding less with each passing day they... read more »
Bernanke is living up to his reputation as helicopter drops of cash will rain on markets until his academic research is vindicated. It's as most have been saying, "when push comes to shove... read more »
For the last three weeks, I have been impressed by the confidence and resolve shown by the bulls as they have consistently used pullbacks to flood the market with new long positions. Perhaps... read more »
The action today was choppy and uncertain. Serious sellers were met by even more determined buyers. As we headed into the close the propping by bulls [and whomever else you choose to think of] was... read more »
