Shockingly from Government to Wall Street...
"We don't want to go to war" - John Kerry
How have the investment banks performed against each other this year? It's Goldman by a nose so far through the first half of 2013.
With manufacturing flatlining, I was surprised to find that Industrials were actually the only outperforming equity in the entire bunch.
A gentle reminder not to get too complacent...
Beck gives the government until tomorrow to come clean, or supposedly he will.
Bernankeism must be obliterated.
Here is a bit of sanity for everyone on this Sunday afternoon
The smart folks are telling everyone to risk everything & jump on board the volumeless, momentum driven equity elevator and ignore those annoying doom & gloom blogs.
As we all know, it helps to have friends in high places. To most of us, that means we know the bartender on Friday night so we can get served quicker than the next guy drowning his weekly sorrows. To others, however...
How are companies taking advantage of these low rates? They certainly aren't borrowing in order to invest in the future.
Before everyone gets too excited about the "great rotation" that still remains a ghost, keep in mind that the entire curve is still >1 standard deviation below its historical mean
As everyone gets caught up in the euphoria of an ever rising S&P, remember that once upon a time, in a land far, far away, the economy was driven by goods produced and services provided instead of the amount of excess reserves banks can use to bid up market prices with.
Maybe our man Kevin just got pissed off that he has to re-use his starbuck's cup & stopped working for the past few days.