Okay sports fans. You get your wish. Frida Ghitis reports on the Dutch reaction to being finalists in the World Cup. Colombian-born Frida’s first language was Spanish, so I am surprised she is not supporting Spain....
Read MoreJust as some Elliott or Kondratieff wave theorists predicted the Dow would fall to 1000 and we should to take to the hills with gold coins and machine guns, the bearish gloom-mongers were caught by good news. The...
Read MoreI did not get the BP Yankee bonds tipped today at $95 as per my bid. The marketmaker wanted a huge spread even though I was prepared to pay for 20 bonds. The offer was at $95.725 meaning the yield to maturity would only be...
Read MoreI just put in an order for the BP Yankee bond with the cusip number 05565QBG2, the 2.125% of March 10, 2012. I had to buy $20,000 of face value rather than 10,000 anticipated when I wrote the trade up this...
Read MoreIt would be nice to have stock market gains in triple digits and Fahrenheit temperatures in double ones rather than the reverse. My computer gave trouble all weekend and this morning a technician replaced the modem and things...
Read MoreFelix Goltz PhD and Véronique Le Sourd published a ground-breaking study for EDHEC-Risk Institute now in English questioning whether finance theory supports capitalization-weighted indexing. EDHEC is in Nice, France. The...
Read MoreInstead of continuing to fight with reader over my taste for expansionary fiscal and monetary policy, I will quote John Thomas, writer of The Diary of the Mad Hedge Fund Trader. He is a former colleague of mine...
Read MoreWe’ve had (according to Barry Ritholz) what technicials call a death cross. This tech specialists think means more trouble. There was not much here or in Europe to justify the fall. Sure the bank reform bill is in trouble....
Read MoreFrom Adam Carr of ICAP, the Australian brokerage, some views on where monetary policy is going: “The Bank of International Settlements always seems to know what’s what. While the G20 meeting may have...
Read MoreThe first version of this blog was posted 3 hours ago but did not take. Here we go again. Today Bloomberg wrote: “The percentage of corporate bonds considered in distress is at the highest in six months, a sign that debt...
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