Archive - 2010 - Blog entry

In this 1.5.10 edition of the Fibozachi Technical Update (FTU), we present 12 technical profiles of the S&P 500 Futures (ES), the VIX, the US Dollar Index (DXY), Crude Oil Futures (CL), Gold Futures (GC) and Silver Futures (SI)...

On December 28, 2009, amid the eggnog-sloshed holidays, the Fed solicited comments on a proposed amendment to Regulation D that would create a new Term Deposit Facility (TDF). As we will soon demonstrate, the innocuously sounding facility is nothing more than a de facto debt issuance mechanism that once again pushes the envelope of the Fed’s statutory (not to mention Constitutional) authority.

Krugman agrees with El-Erian ...

Will 2010 be the year of sovereign defaults ... or can the boys duct tape the system together until 2011?

Right. Accurate economic reporting is literally guaranteed to come out of China! Goldman says so!

Stocks hit all time highs, the dollar soars, and precious metals and commodities crash. Hedge Fund Traders left scratching their heads.

The Mad Hedge Fund Trader’s Top Ten Surprises for 2010

Morgan Stanley, appears to have reacquired the title of the "Riskiest Bank on the Street" with increasing VaR and declining risk adjusted returns that reflect growing risk in its investment portfolio, which is rife with assets that I am quite bearish on.

I will be the first to admit that 2009 was a disappointing year for my investment results. Although the first quarter of the year was the strongest that I ever had during the Asset Securitization Crisis, and I clearly saw the trend reversal coming at the end of the quarter, I significantly underestimated the length, breadth and depth of the trend reversal. With that being said, I do want to put things into perspective...

A peek into what the top hedge funds and institutional funds are buying for 2010...

The 2009 calendar year numbers for the Social Security Trust Fund are in. These numbers confirm that the Fund is badly off track. Is there a fix to this systemic problem?

PPIP is even worse than I thought ...

US Troops accused of executing children, can't photograph Xmas lights in Orwell's Britain, Soros suggests gold-backed SDR collateral wealth transfer, Ireland goes cashless to harvest souls, UK State can invade homes for eco-friendliness, Pakistani volleyball explodes into 2010.

The implications of a looming “W.” The risk of economic Armageddon is still out there. Please pass the Xanax.

Bernanke gave us an insight into his thinking this weekend. If you think he is going to get tough this year with monetary policy you can forget it. The Carry Trade is alive and well folks....

Ben Bernanke delivered a speech yesterday that could mark a turning point in the Fed's views on and handling of potential asset bubbles. Despite Helicopter Ben's usual attempts to blame everyone else but the Fed for the housing bubble, at the very end of the talk Bernanke actually suggested that the Fed would consider using monetary policy to combat asset bubbles. What a start to 2010.