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Daily State of the Markets Thursday, July 12, 2012 Publishing Note: I have an early meeting on Friday and will not publish a report. Daily State of the Markets reports will return on Monday. Good morning. Stocks have been down...

Daily State of the Markets Wednesday, July 11, 2012 Good morning. For as long as I can remember, the general public has been viewed as the “dumb money” while the 2-and-20 crowd (i.e. the hedge fund industry) has been...

Daily State of the Markets Tuesday, July 10, 2012 Good morning. The more you dig into the situation in Europe the more complex, and yet, at the same time simple, the situation becomes. My favorite line of the day from Monday was...

Daily State of the Markets Monday, July 9, 2012 Good morning. I recognize that regular readers of my meandering morning market missive may very well roll their eyes at the idea of comparing the opening lines of the soliloquy in...

Daily State of the Markets Tuesday, July 3, 2012 Publishing Note: In an attempt to recharge the batteries for the 2nd half of the year, I am going to take some time away from the keyboard for the remainder of this week....

Daily State of the Markets Monday, July 2, 2012 Good morning. Optimism about the future (aka “risk on”) was loaded up and locked in the full on position from the time the opening bell rang on Friday until the very...

Daily State of the Markets Thursday, June 28, 2012 Good morning. Sometimes it is a good exercise to try and boil a problem down to “just the facts, Ma’am.” So from my perch, the European debt crisis is really...

Daily State of the Markets Wednesday, June 27, 2012 Good morning. In stepping away from the blinking screens for a moment and thinking about what is actually going on here, I find it truly amazing that once again we are waiting,...

Daily State of the Markets Tuesday, June 26, 2012 Good morning. At the beginning of the year, the global macro outlook was nothing short of bleak. Although stocks had rallied a bit into the end of the year, a very long line of...

Daily State of the Markets Monday, June 25, 2012 Good morning. As I’ve written a time or twenty, the purpose of my morning market missive is to identify the forces that are driving the market. The thinking is that if one...