Greece Will Default On June 5 Without Deal, IMF Leaks
Another week came and went with no breakthrough in negotiations between Greece and its creditors. The IMF is now fed up and has reportedly refused to be a part of any new bailout program for Greece, after Athens drew down its SDR reserves to makes its latest payment to the Fund. That money will now […]
Stock Correction Odds Increasing?
The weight of the evidence: Are the odds of a stock market correction increasing? You can decide.
EC Perpetualization Of The Too Big To Fail Banks
I am in the middle of the Atlantic on a cruise ship headed to Europe. Having spent 15 years of my life on the high seas and attending ship owner’s conferences, I always take a critical look at cruise ships. Since the birth of this industry almost 50 years ago, the number of passengers on […]
Federal Reserve Balance Sheet Explodes To Within 0.5% Of All-Time High In Just One Week
by Simon Black, Sovereign Man Remember all that talk about “taper” last year? After years of conjuring trillions of dollars out of thin air and rapidly expanding its balance sheet, the Federal Reserve promised to end its unprecedented ‘Quantitative Easing’ (QE) programs. In total the Fed’s balance sheet exploded from $800 billion to $4.5 trillion […]
Inmates Run The Asylum – Financial Review
Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW + 20 = 18,272 SPX + 1 = 2122 NAS – 2 = 5048 10 YR YLD – .10 = 2.14% OIL – .01 = 59.87 GOLD – 2.20 = 1223.00 SILV + .06 = 17.53 The S&P 500 index hit […]
Wyckoff Technical Strength And Weakness
According to Wyckoff, a technically strong stock sees demand/buying power building; a technically weak stock sees supply/selling power building. Running length 00:08:26
View From The Hill: May 15, 2015 – Market Commentary
Equities: Although performance was not robust, stocks bounced off their lows and finished at the upper end of their weekly trading range. Weekly percent changes: SP-500 (SPY) +0.39%; Nasdaq-100 +0.82%; and Russell-2000 (IWM) +0.82%. Volatility: The VIX exchange traded fund has now declined 5 out of the last 7 trading weeks. After several previous weeks […]
Wall Street Demands Exemption From Punishment In Exchange For Guilty Pleas In FX Rigging
Just three days ago in “Wall Street To Enter Hollow Guilty Plea On FX Rigging, Return To Business As Usual,” we lamented the fact that the Justice Department’s latest attempt to convince an incredulous public that the government is willing to prosecute white collar crime at TBTF institutions (which includes an amusing ‘crack down’ on UBS which […]
Is Silver Breaking Out?
Precious metals have been under pressure for a long time, but the three charts below indicate that silver might be breaking out. The last breakout attempt of the white precious metal was capped by the rally of the US dollar (starting August 2014). At this point in time however, it seems like nothing stands in silver’s […]
Early Insights From 13F Day: Qualcomm, Yum, Pioneer Natural
by Stock Pucker It’s here, 13F day that is; in working up the suite of activist investor focused newsletters to go out in a few days, it’s hard not to get distracted by the various other 13Fs from value investors like Seth Klarman coming across the wire. If you want to get a look at last […]
