Last February, I noted that the FDIC was hiring, which is never a good sign for the economy. Of course, it is a sign that the banking system is ailing. The FDIC insures $4.5 trillion of deposits and...
I'll keep this short but not so sweet. The light volume we are seeing on the market is a function of two things. First is the topic all media is talking about - the end of summer and final...
Meat Loaf sang it in the late 70s... "Two Out of Three Ain't Bad." And while I may be dating myself here, the lyrics for this classic were too good to pass over. "You'll never find...
With regard to sectors, the market looked very much as it has during bearish weeks of the past six months. Energy clearly led the pack, with materials and utilities close behind, and financials and...
Money markets are signaling that recent credit problem may be long from over, with possibly the worst yet to come (see Bloomberg article). As with the end of 2007, interest-rate derivative...
With the 2008 Summer Olympics now behind us China is back from vacation, look for buying to emerge on commodities as we have seen prices come off 25 plus percent on select metals, energies, and...
"Retirement at sixty-five is ridiculous. When I was sixty-five I still had pimples." - George Burns. Something rather odd happens when you finish reading Roger Lowenstein's "While...
The S&P 500 index continues to struggle in part due to the financial sector. Throw in the energy decline of late and 28.5% of the index is being impacted. Up to the recent decline in energy and...
FNM, FRE, LEH & Putin is not a new securities firm but just the elements in a cloud that continues to hang over markets. Let's face it, we're just moving back and forth here. One week bulls seize...
As reported in a Reuters article and elsewhere, the SEC is expected to propose a new short selling rule in the next few weeks that will be broader than the original temporary order that protected...
