Archive - Dec 29, 2010 - Blog entry

The market continued to rise today on volume lighter than Ben Bernanke's private sector experience and even lighter than ad sales for...

US public pension plans rode the beta wave higher in Q3. What remains to be seen is if they can continue riding it higher in 2011...

Plotting the future, with a Subway Map to 2050...

Fear about defaults and more bailouts throughout the European Union (UN) has pushed Gold to an all-time high of $1,432.50 an ounce on Dec. 7. The market’s emotion related to the European debt crisis is clearly reflected through the interaction between Dollar, Euro and Gold.

Want to front-run the Fed? If you're Jamie Dimon, there's no need to parse FOMC statements or obscure speeches by Fed governors. No need to analyze hundreds of Treasury securities. Even hiring expert networks staffed with ex-Fed officials is unnecessary. No, if you're Jamie Dimon, you go straight to the top and break bread with William Dudley, ex-Goldmanite president of the NY Fed.

To find out, we'll look at a couple comparisons to get an idea of what is going on in the rest of the economy. And then we'll compare the government's efforts in the 1930s to today ...

The retail traders that form the bulk of our survey have made dramatic shifts to the long side in their positioning over the holiday season. In this time all the pairs in the strong short and short zone have consistently continued lower, while retail traders remain longs with 70+% strength! Recent action in the USDCAD, USDJPY, GBPJPY, USDCHF and EURCHF is worth noting.

"Most people believe that most oil in the world is produced by the big oil companies, the Exxons, the Shells, the BPs, the Totals of the world... That is not true. Most oil in the world is produced by national oil companies.”

It is not inconceivable to fantasize about crucial city services that save lives getting more of that multi-trillion federal assistance than bondholders behind failed and fraudulent banking practices, no? As for the anticipation that this will resolve itself by next year…

The market continues to putter along in the last trading week of a year that has thoroughly confused Money McBags like the subprime meltdown confused Ben Stein, the cosmological constant confused Einstein, or...