Archive - May 2010 - Blog entry

New York Times:

Traders Jump from Windows; Market Rebounds Before They Hit Ground

No ...

I can't wait to find out what happened. Just a guess.

What do you think ... good bill or bad bill?

Please call NOW ...

As Greece, and Portugal, and recently even Spain bask in the spotlight of the bond vigilantes, I want to remind my subscribers to be prepared for Italy’s turn to dance. Being prepared before the party starts can be most profitable. The Greek and Spanish trades are pushing 400% plus, and the run is not nearly over yet, at least in my opinion.

Bear's execs say, "We didn't do it. It's not our fault. Evil speculators conspired against us, and investors irrationally made a run on us." They have no clue and they sound pathetic. Perhaps they should have read two little books.

European finance ministers must be depressed that their $140 billion bailout of Greece only bought them only 24 hours of grace in the eyes of investors. The global nature of the sell off across all asset classes came as no surprise. The withdrawal of the Fed at the beginning of the quarter as the sole purchaser of real estate debt in the market, led not to a crash in bond prices, but a huge six point rally. Where am I going to buy the dip first? Shanghai.

Jean Turmel is a legend in Montreal and one of Canada's sharpest investment minds. He was kind enough to sit down with me and talk about markets and pensions.

Change? Yup ... a whole lot of change adds up to some real money!

Just guessing what happens next.

The chances of the Euro contagion being contained are quite slim, and the Spanish government is saying it is "madness" that they will be needing a bailout. While they may not be needing a bailout now, it is far from "madness" to speculate on such matters. After all, it is the Spanish government itself that set itself up for such speculation by using pie in the sky numbers to justify their claims of having things under control. Once their projections are seen for what they really are, we shall see what "madness" truly entails...

Why audit the Fed? Let me count the ways ...

Regulations are going to get tougher, inspections more rigorous, and taxes higher. Raising the production cost of what is already the world’s most expensive oil. Watch out for the new $10 billion liability cap. The offshore industry’s dirty little secret. Cap & Trade, once DOA, has been reborn. The only certainty is more expensive gas at the pump.

Is there Eurozone warfare going on right now? William Engdahl thinks so, and what he has to say might surprise you.