Traders can be trigger happy and so can investors at times. The new US Treasury Secretary delivered only words and little details today concerning the stimulus plan. Traders and investors took note and ran. Unfortunately, the plan was much of…
Last night (Tuesday, Feb. 9, 2009) as Barack answered questions and delivered his message, I was positively surprised at a few of the priorities of his goals. In the middle of his talk, he delivered a three point message: 1.…
Well, for all the talk of a big news-making weekend, we are still waiting for all the details to be released. The Senate came up with its own version of the stimulus bill that now needs to go back to the…
For once, Monday may not come fast enough for many investment professionals, with two major announcements set to be made over the weekend or at the latest, Monday morning. At the time of this post, the Senate is debating the…
We have long awaited for a VIX ETN and much to our surprise Barclays has just rolled out two new VIX ETN’s. First in the interest of space, should you need a quick review of what an ETN is please follow…
As an update to our post earlier on items we are watching, we thought it a good time to review our key items from our Jan 6, 2009 post. 1. Very short term treasury rates need to rise. Currently…
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…
