Similar Posts
Up, Down And All Around – Wall Street Does Its Thing
Reading Time: 1 minuteMarkets were down big yesterday on news that HSBC was taking $45 billion worth of mortgage backed securities from some of its SIVs onto its balance sheet and speculation that other banks, like Citigroup, might have to do the same….
Mr. Market Is Having A Moment: Some Stocks Are Absurdly Expensive While Others Are Absurdly Cheap
Reading Time: 6 minutesMr. Market is having a moment. He is in love with certain stocks and has bid them up to absurd valuations. On the other hand, he has come to the conclusion that software stocks are doomed by AI and thrown…
Looks Like Another Good Week; Dow Continues to Lead – Mostly; Carry Trade Back In Full Force
Reading Time: 5 minutesIt’s looking like another good week for the stock market. Here’s how the action looks through 4 days: Dow: +151, to 13,477 S&P: +7, to 1513 Nasdaq: -23, to 2539 Russell 2000: -14, to 816 Again, we are seeing the…
The Need For Conviction And Patience
Reading Time: 6 minutesNOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the Client Notes at the same…
Market Internals: A Look Beneath The Surface
Reading Time: 6 minutesNOTE: Every week or two I wrote a Client Note for my clients. I post the notes to my blog but with a time delay usually between 1 day and 1 week. To receive the Client Notes at the same…
The Economy Is Overheating
Reading Time: 3 minutesThe combination of all this fiscal and monetary stimulus is turbocharging what Keynes called aggregate demand. All that demand is putting tremendous stress on the global supply chain resulting in bottlenecks and raw material inflation. The inflation we are now…


