by admin on July 27, 2009
Did the housing market and the overall economy really tip to the positive side? The stock market, often seen as a leading indicator, suggests we have. In general, the current phase we’re going through reminds me of Malcolm Gladwell’s book The Tipping Point. Tipping points can be described as “the levels at which the momentum [...]
by admin on July 21, 2009
The green shoots keep splashing. Markets rallied around 9% last week after better-than-expected earnings from companies such as Intel, IBM, and Goldman Sachs. Additional positive housing and manufacturing data also helped fuel the rally. And today, Monday (July 20, 2009), the U.S. markets went up another 1%+ on the news that CIT Group was bailed [...]
by admin on July 16, 2009
The bailout Lords of Washington D.C. have decided to stop handing out free lunches. After giving out a few trillions, they seem to be saying “enough is enough”. The government has decided that the failure of CIT Group is not a systemic risk to the U.S. and world economies and will go into bankruptcy if [...]
Some people believe hedge funds are near dead and ready to leave the face of the Earth. If you listen to the media, it seems like hedge funds failed in every way possible. It is true that being a hedge fund manager was not a walk in the park during 2008, but it was better [...]
by admin on June 24, 2009
I don’t like to talk about any change of market direction by analyzing it for a two week period, but is there something for real here? The same way I believe the “green shoots” are not all that valuable because one or two data points out of a 2 year downtrend does not tell that [...]