What Does Friday The 13th Mean For Stocks? Art Cashin Explains
While it is already known that the first Friday the 13th of 2012 will be very memorable, at least for France, a bigger, and more philosophical question is, whether Friday the 13th is in general unlucky...
View ArticleHere Are The First Official Responses By French Politicians To S&P Downgrade
Just like in the US, where we had our very own Treasury Secretary telling us there is "no risk" the US would get downgraded, about 3 months before America did in fact get downgraded, the cognitive...
View ArticleHello ItBBB+ly
It only took a few years, but we can finally move from A to B: ITALY CUT TWO LEVELS TO BBB+ BY S&P, EU OFFICIAL SAYS Somehow ItBBB+ly doesn't quite have the same ring to it... Oh well, it will...
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NOT SO BAD
Lee Adler's analyses suggest that the recently reported retail sales numbers and initial unemployment claims are not that bad (but knowing Lee, there may be a big YET to add to the end.) ~ Ilene NOT...
View ArticleThawing The Cold War: Russia Found To Be Supplying Syria With Weapons, US Not...
Remember the cold war: evil Empire, 5 year plans, Lada cars, etc? It may very well be back, this time over the simple matter of a few million barrels of crude per day, after Russia was found to be...
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Guest Post: The Correlation Of Laughter At FOMC Meetings
Submitted by The Daily Stag Hunt, Five years on, the powers that be have just released the transcripts of the Fed's FOMC (Federal Open Market Committee) meetings from 2006. Putting hindsight economic...
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Greek Debt Likely Unsustainable Even With Haircuts, Barclays Complete Q&A On PSI
As we discussed earlier, the bigger news of the day (as opposed to the ratings actions which are well-discounted) is the new reality that PSI talks are going nowhere. The lack of incentives for an...
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JPM Explains Why The US Economy Is About To Hit A Brick Wall
JPM's head economist Michael Feroli just joined the bandwagon of other Wall Streeters in cutting Q4 GDP, trimming his prior forecast of 3.5% to 3.0%. However, as this is backward looking, it is largely...
View ArticleGuest Post: Habituating to Contraction
Submitted by Charles Hugh Smith from Of Two Minds Habituating to Contraction The Savior State has pulled out all the stops to prop up the Status Quo. Its gargantuan borrowing and spending have fixed...
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Friday the 13th’s Follow-Through Failure Forecast
Friday the 13th’s Follow-Through Failure Forecast By Phil of Phil's Stock World Happy Friday the 13th! Will the market's luck change today or will we break through the mirror at 1,297 on the S&P...
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Everyone Hates The Euro - EUR Shorts Hit New Record High
Presented with little but incredulous comment as the net short-interest speculative commitment of traders in EUR futures breaks to yet another record (at over 155k contracts) with no squeeze in sight...
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2008 Chart Comparison.
By www.thetrader.se Santa Rally brought us straight up to resistance levels. With today’s news on the European Downgrade out of S&P the market is feeling nervousness again. The slow no volume...
View ArticleIt's Official: France Cut To AA+ From AAA By S&P, Outlook Negative
Today's worst kept secret just hit the wires, as S&P announces that it has officially downgraded France FRANCE CUT TO AA+ FROM AAA BY S&P, OUTLOOK NEGATIVE "we believe that there is at least a...
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Stock Futures Close Almost Green Even As Protection Costs Jump
The post-European-close rally-monkey was in full force today, with somewhat average (though NYSE volume is 30% lower than last January's average!) volumes in stocks, as ES (the e-mini S&P 500...
View ArticleRatings Actions Out
From Peter Tchir of TF Market Advisors Ratings Actions Out Not sure why they felt the need to wait until 430 since most of it was leaked already. Germany back to stable outlook is good. Austria and...
View ArticleFaber's Latest Rant On Global Monetization Wars
There is a little for everyone in Marc Faber's latest appearance on CNBC. The infamous boomer (and doomer) believes (as we do) that today's downgrades are less significant for stocks (at least until...
View ArticleThe Real Dark Horse - S&P's Mass Downgrade FAQ May Have Just Hobbled The...
All your questions about the historic European downgrade should be answered after reading the following FAQ. Or so S&P believes. Ironically, it does an admirable job, because the following...
View ArticleAre The Middle East Wars Really About Forcing the World Into Dollars and...
The Middle Eastern and North African wars – planned 20 years ago – don’t necessarily have much to do with fighting terrorism. See this, this and this. They are, in reality, about oil. And protecting...
View ArticleThe Inexplicable American Consumer Takes A Breath
Wolf Richter www.testosteronepit.com Consumer optimism has been rising from the horrid multi-year lows in August and has reached the highest levels since, well, May. It whipped hope into a froth....
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