Author: Michael Kahn

From my favourite market jokester, Alex Spiroglou in London: After sixteen games, it has become clear that that the countries with less debt as a % of GDP are more likely to win World Cup games. In Europe, Greece lost, Spain...

I did not know 70s blues rocker Steve Miller was a Nostradamus-like economic forecaster for the 2010s. Lyrics from “Space Cowboy.” Spooky!  I hope the final surprise is good, not evil. And the same old story...

We were taught that stocks and bonds should move together. Ditto dollar and commodities, only inversely. Then stocks and bonds flipped. Then it was the euro that moved opposite stocks. And now its bonds down, stocks up, gold up...

Stocks may have caught a bid over the past few sessions, bonds may have stalled, ditto gold and the euro finally found some love so the flight to safety is toast, right? After all, consumer confidence was up and this morning we...

The market tanked on retail sales this morning and came roaring back (sort of) on consumer confidence. It seems to me to be the classic battle between what people say and what people do. I’ll go with what they do,...

Monday’s Barron’s Online column was entitled Ready for a Positive Euro Surprise? and here is a chart to add to the case. It’s a typical Quick Takes Pro read showing a potential rally first to the 20-day moving...

This is from Charles Payne’s WStreet market commentary email describing Hungary’s attempt at righting itself. Call it Hungarian goulash, the national dish that is neither a soup nor a stew. It was created by...

The waiting is the hardest part Every day you see one more card You take it on faith, you take it to the heart The waiting is the hardest part – Tom Petty That’s what it feels like now. We are waiting for the May...

So much for the odds that the Monday after a big decline on the jobs report results in a rally. That is exactly why we call these things probabilities and not forecasts. So now, what happens if the retail report is not up to...

Forget the round number of 1.2000 that the media seems to be trumpeting. The euro is now trading near its “IPO” price of 1.1812 (close on Jan 4, 1999). Here are a few items that did not make it into the column today....