-
Billionaires are now Slumdog Millionaires because: A. The credit markets remain frozen B. The US economy is falling off the cliff C. Corporate earnings are headed substantially lower (<$50 S&P 500 operating earnings) D. The socialist programs of the Obama administration threaten capitalism as...
-
It should be fairly evident by now that heavy redemptions at hedge funds over the past two months contributed significantly to the recent pounding in the one area where markets are liquid – stocks. Moreover, the deleveraging process continues to impact many hedgies as available capital (for leveraged...
-
commentary from this week’s “Sectors and Styles Strategy Report”*: Sunday evening’s US Treasury and Fed actions may seem bold to some. I beg to differ. Here are a few thoughts for your consideration: A recent report from respected consultancy Bridgewater Associates upped the ante...
-
There is little doubt that many counterbalancing forces are at work in today’s equity markets. The bulls argue that March 17 (“Inflection Day” – see prior blog postings) was the turning point for the longer-term bull market correction that began in earnest last October. The worst...