Advanced GDP came in at -3.8% which by no means is good, but not nearly as bad as economists had expected. The early part of a recovery is often established by expectations becoming more in line with realities. Over the…
The following graph is of the Yield on the 30 Year Treasury. If the line is rising, rates are going up. Even with Fed speaking of buying Treasuries, rates are rising…..this is a very short term period, but worth keeping…
As we have mentioned several times, Timothy Geitner the new Treasury Secretary recently mentioned “manipulation” concerning Chinese currency. Why are we watching this so closely? As of September 2008, China became the largest holder of our debt (2 Trillion dollars…
At this point we are a third of the way through earnings season (at least by SP 500 standards)… so what have we learned so far? From my perspective the biggest surprise is that we haven’t done worse, so far from the…
So why is it lately we get these extreme rallies? In a word short covering. As a quick review shorting a stock is selling the position before you actually own it with hopes of buying it back at a better…
Recent comments from the new (announced 1-26-09) Treasury Secretary Timothy Geithner (Former NY Fed President) to China with a key word towards their currency policy “manipulation” of offsetting exchange rates has set fixed income traders on edge sending Treasury rates…
Just a reminder that April 15th 2009 marks the deadline for regular filing of your personal federal returns. There is a twist this year from a reporting standard, the IRS has allowed 1099’s to be mailed on February 15th as…
In our Q 1 2009 Newsletter we mentioned buyouts would be good to see in the Capital Markets. Given the most recent negative movements in the capital markets there may be very reasonable prices for acquiring companies to add to their…
With the majority of the publicly traded companies reporting earnings over the next 3 weeks, investors will begin to get a picture of just how bad things really were at the end of 2008. Most companies will likely paint a…
We will expand more in our Q 1 2009 Newsletter, but in the interest of time we wanted to highlight the key items we are watching currently for positive signs in the capital markets. 1. Very short term treasury rates…
