It looks like 2016 will be the year that humanfolk learn that the stuff they value was not worth as much as they thought it was. It will be a harrowing process because a great many humans are abandoning ownership
January 12, 2016
What do we know now? We consult the Gods… and the dead. Yesterday, the Dow eked out a 52-point gain, to the relief of investors. But crude oil continued its historic slide. As of yesterday’s close, a barrel of U.S.
The fallout in liquidity and funding markets has been mostly suggested at the junk bond bubble. Prices have fallen, and many precipitously, while yields have risen. But those are not the only negative factors being exhibited. If the issuance figures are anywhere
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 117 = 16,516 SPX + 15 = 4658 NAS + 47 = 4685 10 Y – .06 = 2.10% OIL – .67 = 30.74 GOLD – 7.70 =
“Davidson” submits: The past year’s pessimism in the face of continued economic improvements has within in a couple of days shifted to panic. Multiple forecasts for oil prices to plunge to $20 BBL, even $10 BBL were issued yesterday. One
EURUSD: With EUR remaining weak and vulnerable to the downside, risk remains lower on bear pressure. This view remains valid as long as the 1.0969/1.0000 resistance zone remains unbroken. Support lies at the 1.0800 level. Further down, support lies at
How Did the Stock Market Do Today? Dow Jones: 16,516.22; +117.65; +0.72% S&P 500: 1,938.68; +15.01; +0.78% Nasdaq: 4,685.92; +47.93; +1.03% The Dow Jones Industrial Average today (Tuesday) gained 117 points despite another sharp decline for crude oil prices. The markets earned a boost as technology and healthcare
It wasn’t a decisive victory for bulls, but at least buyers were able to push markets into a higher close. For some markets, the end result was still indecision as to whether this marks a potential swing low. And in
J.P.Morgan Healthcare Conference #1: Investors Move Into Life Science Stocks-Bouncing Off The Bottom
J.P.Morgan Conference: Relief Rally in Life Science Stocks After Rough Start to 2016 Green screen day with improved macro and healthcare sector leading. Who knew biotech stocks traded with energy? Over the next few days we will review themes and
The portents from China are not good. There are ominously titled news articles aplenty; the WSJ asked in August if a global recession is brewing in China. Wonkblog asks How China could trigger a global crisis: When China sneezes, the rest of the
