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Have You Seen This?

  • Desperately Seeking Yield...

    In This Issue..

    * Currencies rally...
    * More on the BRIC's...
    * New Zealand's GDP contracts..
    * Bernanke gets grilled!

    Good day... And a Happy Friday to one and all! The end of what seemed to be a very long week... The last weekend in June, can you believe that? Next week, we'll be getting ready for the 4th of July celebrations! WOW!

    Well... What a volatile week it has been in the currencies! Up, down, all around, and settling back to levels that we saw before the Fed's FOMC meeting earlier this week. Suddenly, investors are looking for yield again... Looks like they are "Desperately Seeking (not Susan) Yield! And why not? The Fed, and the Bank of Canada (BOC) have come out and said that there will be no interest rate hikes until we've turned quite a few pages on the 2010 calendar....
  • A Turn Around Tuesday!

    In This Issue..

    * Another Treasury auction today...
    * Goldman says to buy euros!
    * Oil fuels Commodity Currencies!
    * RBNZ to meet tonight...

    Good day... And a Wonderful Wednesday to you! Well... Yesterday was 'Turn Around Tuesday'! Add to that, the fact that there were a number of reasons for the euro to lead the charge for currencies VS the dollar yesterday. And... A word from one of the economists that I keep on my list of 'to read'... So, let's get to the tape from Turn Around Tuesday!

    I heard yesterday someone say 'well, we sure turned around today in the currencies'... And I thought, Shoot Rudy, why not name it Turn Around Tuesday? Then I went back to the history page on my trusty Bloomberg, and saw that on 4 of the last 5 Tuesdays, the currencies did in fact 'turn around' their performances from the day before! Not that this is something we can hand our hats on, and make trades accordingly on Monday nights / Tuesday mornings... But, it's an interesting fact nonetheless!...
  • It's All About The Stress Tests...

    In This Issue..

    * Tired of reacting to rumors!
    * Aussie dollar continues to rally...
    * More on China...
    * Bank of England keeps rates unchanged...

    Good day... And a Tub Thumpin' Thursday to you! We're stuck in a rainy pattern here in St. Louis, I just have to hope the rain stops long enough to get the day game at Busch in today!

    Well... The Stress Tests get their public showing today... The rumors continue to be something strange... Strange in that, one it's Bank of America (BOA) needing to raise $10 Billion, the next day it's $35 Billion, and then later in the same day, BOA doesn't need to raise any capital! Talk about wild swings of emotion! WOW!...
  • Opening Pandora's Box...

    In This Issue..

    * Currencies back off...
    * More problems for BOA?
    * More on China...
    * Aussie Retail Sales rebound...

    Good day... And a Wonderful Wednesday to you! I had someone last week in Bermuda ask me why I have my little sayings like Wonderful Wednesdays, and Fantastico Fridays... I told him that it had to do with my life scare of almost 2 years ago, and that I now celebrate each and every day! (well, maybe when I had pneumonia two weeks back I wasn't celebrating....)

    OK... I hope your Cinco De Mayo fun was... Well... Fun! We went out with some good friends, but was back home before bed time for yours truly... Still fun though!

    The currencies, led by the euro have run into a dollar road block... It's all about the Stress Tests this morning folks... It now appears that Bank of America (BOA) will need approx. $35 Billion, and not the measly $10 Billion rumored yesterday. That's quite a boat load of money, folks... So... All eyes are on the Stress Tests results which are expected to be released tomorrow. But this kind of rumor regarding BOA, is weighing heavily on the risk assets this morning, with a bias toward risk aversion....
  • It's Cinco De Mayo!

    In This Issue..

    * A Huge currency rally...
    * The games people play now...
    * RBA leaves rates unchanged...
    * Brazilian real is the daily winner!

    Good day... Hola! And a Terrific Tuesday to you! Well, today is Cinco De Mayo... It's a fun day so go have some fun! A few years ago, I talked about Cinco De Mayo, and some guy took exception to it, and called me a really nasty name... So, I won't get all flowery about the day, except to say, go have some fun!

    Of course, to me, the saying 'go have some fun' is a staple of my being! Especially these days! I realize that I need to have "more fun", but work, and all that gets in the way, darn it! HA!...
  • Currencies Continue to Rally...

    In This Issue..

    * An auction announcement...
    * Euro soars!
    * Gold back to $900...
    * Who's telling the truth?

    Good day... And a Happy Friday to you! A Fantastico Friday to boot! I leave for Bermuda very early tomorrow morning, so no late night shenanigans for me tonight! HA! I'm still trying to make sure I've beaten that pneumonia, and being a "good boy"!

    Well... Front and center this morning, we have a Big currency rally going on... Recall yesterday, I told you of the beginning of the rally... Well, it really got legs as the day went on, and once again, it was not sold off overnight, but added to! Here's what I believe, and you won't see this anywhere else, my friends, is moving these currencies so violently higher VS the dollar......
  • Passing Out The Dollars...

    * Risk Takers return... * Bank of America gets more cash! * 30-year mortgages below 5%! * Looking for direction... ** Passing Out The Dollars... Good day... And a Happy Friday to one and all! A Fantastico Friday so far, let's keep it going, eh? It is downright cold here. I'm reminded of that one looooonnnnngggg winter I spent in Des Moines, Iowa... This artic cold was the "norm" for that winter there... I didn't need any other reason to move back to St. Louis, once the spring thaw came around! Well... Right out of the starters blocks this morning, we have a change in sentiment going on... The Risk Takers are back in the driver's seat this morning, as the markets are feeling better about things given that the remaining TARP money has been given to the Obama campers to dole out, and Bank of America came away with an emergency lifeline from the Gov't that totals about $138 Billion... $20 Billion in cash, right here, right now, with the rest spread out between liquidity access and guarantees... And... The TARP money... Given the fact that the Obama people have been itching like they just rolled around in poison ivy, to get their hands on that money... You've got to wonder... Are these guys going to do their best to out do the previous administration when it comes to piling up debts?...