Below is a somewhat messy chart of the euro futures and the ratio between France’s CAC 40 Indice and the S&P 500 Index. The premise is quite simple- when the euro is strong and rising the CAC 40/SPX ratio declines....
Read MoreNov. 9 (Bloomberg) — China’s central bank will “fine- tune” monetary policy in the final quarter of this year to prevent a return of inflation, according to a report from the nation’s debt...
Read MoreOne definition of insanity is repeating a behavior while expecting a different outcome. We are not sure whether this applies to the markets but- just for the fun of it- this will be our opening topic today. Kind of an...
Read MoreNov. 5 (Bloomberg) — Crude oil fell on speculation that a government report tomorrow will show that the U.S. unemployment rate climbed last month, depressing demand for energy products. Whether crude oil futures prices...
Read MoreNov. 4 (Bloomberg) — The Federal Reserve restated its intention to keep interest rates “exceptionally low” for “an extended period” and said the U.S. economy is picking up. We are always impressed...
Read MoreThe essence of a carry trade lies with borrowing money in a low interest rate market and investing it in a higher interest rate market. Simple. Borrow money at, say, 1%, invest it at 5%, and sit back and watch the profits roll...
Read MoreNov. 2 (Bloomberg) — Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, posted third-quarter net income of $997 million and its first operating profit since early 2008 on smaller discounts and higher...
Read MoreSHANGHAI (Reuters) – The ChiNext stock market (0#CHINEXT.SZ), China’s long-awaited Nasdaq-style second board, debuted on Friday with a speculative surge that more than doubled the price of all 28 stocks during...
Read MoreOct. 29 (Bloomberg) — China stocks remain “a bright spot” and are set to rise by 30 percent through 2010 as the nation’s domestic demand increases, even though concerns over policy tightening will spur...
Read MoreIn the 1999 movie ‘The Matrix’ the Morpheus character says, “You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you...
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