Investors are pinning their hopes on market salvation stemming from Bernanke’s address at Jackson Hole, Wyoming this Friday. Many people believe he will take the time to introduce QE3 since he used the same venue to introduce QE2 allowing markets to rise above their present levels. “As the week progresses, all eyes will turn to… Continue Reading
Although the downgrade of Japan’s credit rating has surprised many. It shouldn’t come as a huge surprise. Japan’s economy has suffered a systemic malaise for a near 20 year period. True, it has seemed to bounce out of it at times, but it is stagnant, being dwarfed by the Chinese juggernaut. The earthquake solidified and… Continue Reading
As months go on and the eurozone sovereign debt crisis increases, weakening economies like Germany paves the way for a possible breaking of the EU. True, Sarkozy and Merkel danced around the idea of a stronger fiscal union, but that is for consumption not reality. The great idea, the eurozone is on its way out.… Continue Reading
Well, even Moody’s which held back from lowering the credit rating of the sovereign debt of the US has begun to see that the economic outlook of the US is indeed weakening. Of course this is Moody’s way of saving face. With the administration’s onslaught against the S&P downgrade clearly failing as most analysts and… Continue Reading
Those who know me, know that I extol the virtuous foresight of those investors who have gone East into the emerging markets. Its true, its a new game there, but there is money to be made from India to China. Those multinationals that have had increased sales to these emerging markets are the most stable… Continue Reading
Leave it up to the EU to possibly threaten the already shaky US financials with their sovereign banks’ “junk debt.” If the European debt crisis was an isolated venture then it would not phase our weakened system, yet bank are like the Three Muskateers in that they adhere to the mantra of “All for One… Continue Reading
In case you don’t know this week was the most volatile week in market history. The ups and downs left many investors guessing. Yet, the true numbers were for the month mark showing the Dow down nearly 9 percent. Ultimately, in the last month the supports faltered and the Dow has headed below them. One… Continue Reading
Volatility is the name of game in the markets these days. Since last Thursday the markets have swung up and down wildly. This has confused even the most seasoned investors. Are we heading for a crash or not? Yes this is a crash and it is crashing for a variety of reasons, but a crash… Continue Reading
With the Dow falling 512 points yesterday and the S&P approaching dangerous territory towards the 1,100 mark there has been a sudden call from many investors that perhaps this is the bottom. It could be, but many traders that are taking a more macro view disagree. As I have said before there are many indicators… Continue Reading
Well the magicians have done their work and no one is buying it. Like I said in today’s podcast, Bernanke and the Fed hinted to more easing yesterday and caused the late jump in the market. I talked to some investors that waved a sigh of relief. Now today we see that the Fed could… Continue Reading