Quite frankly, with the admittedly little training and experience that I have had so far, I don’t understand the market … More
Category: News Commentary
Wolfgang Münchau is my man
First up, some background. You know that the problem is beyond repair when the best solution being discussed lacks logic. … More
Hail the new white knight, the red dragon
The market rallied today (9/13) because China and Italy are discussing a bond purchase program. Promptly traders and their algo … More
“Double Dip” is Here
Technically, we can’t have a double dip since the last recession ended almost an year back. But, humor me, will … More
VIX, SKEW and CSFB – are you afraid yet?
First of all, this post is simply another (simplified, I hope) version of http://www.zerohedge.com/article/forget-vix-skew-tells-true-story-about-market-risk. I claim no credit for any … More
Market Outlook at the end of Q1 2011
I believe that the S&P 500 is overpriced and due for at least 8-10% correction in the coming 9 months. … More
Closer to Rubicon crossing
I have previously argued that Spain is the game-changer for Eurozone debt crisis. If Spain fails, it will be the … More
Thank you, Republican senators of Wisconsin!
It’s here; a new era has begun. Wisconsin public-sector workers have lost their collective bargaining rights. The narrative of how … More
William Dudley at Cornell
Today, we had the privilege of listening to William Dudley, president of the New York Fed. Almost everyone had QE-2 … More
QE – Part 2?
Treasury Yields fell from 2.74% to 2.67% yesterday, primarily due to comments from Jan Hatzius, chief economist of Goldman Sachs. … More