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Get'cher Dow 13K Hats Here...
Retirement-Off! The Dow just crossed back under the magical 13,000 level for the first time in two months...Having crossed this rubicon for the first time on Februray 21st, we can reflect on eight...
View ArticleGuest Post: The Case For A Constitutional Convention In 2016
Submitted by Charles Hugh Smith from Of Two MindsThe Case For A Constitutional Convention In 2016 That which is unsustainable will go away, and the Status Quo is unsustainable on multiple levels.Now...
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AAPL Enters Bear Market
UPDATE: Within the first 90 minutes of the open, AAPL has traded down to under $564 - officially entering bear-market territory (down 3.4% today). These are 5-months lows for AAPL. From the $705.07...
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Dow Jones Industrial Average Celebrates "Four More Years" With Biggest Drop...
It seems like only last night everyone was celebrating more hope, if not much change. Now comes the hangover. The Dow Jones intraday drop is now 2.23% (and rising), greater than the biggest drop so far...
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10yr UST Auction Preview And Morning Comments
The overnight comments made by Draghi (combined with the expected US policy gridlock from Team "O") have spooked the risk markets, and this morning there is a significant flight to safety bid in US...
View ArticleQuote Of The Day
Comes from Angela Merkel:MERKEL SAYS GREEK STATE IS TOO BIG -BBGIt is unclear, for now, if Angela added that "the German state is too small."
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07 Nov 2012 – “ Pinball Wizard ” (The Who, 1969)
07 Nov 2012 – “ Pinball Wizard ” (The Who, 1969)Music Link Exuberant start (Who knows why?), flat lunch (made more sense…), dismal afternoon (to say the least). EGBs ramped up, as the reality of the...
View ArticleRisk Off(er)
Because AAPL was not enough, Grexit is now back and fully frontal:EU MINISTERS TO DELAY GREEK AID CALL FOR WEEKS, OFFICIAL SAYSAnd dump. Funny how all the horrible news are hitting after the election.
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Guest Post: The Next Four Years Won't Be As Good As The Last
Submitted by Lance Roberts of Street Talk Live,The people have spoken and President Obama will serve another four years presiding over the United States. Furthermore, there is very little change to...
View ArticleSamsung S3 Overtakes iPhone As World's Best-Selling Smartphone
Look up the phrase "inflection point" - it will be the most hated phrase by all those who day after day repeat that there is now way AAPL can ever drop because its "forward multiple is low" (hint:...
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Draghi's Dream Dashed As Spain Yields Hit Six-Week Highs
Spanish bond spreads reach back above 450bps today for the first time in six weeks. The last 3 weeks have seen peripheral bonds bleeding slowly but surely as hopes of OMT fade and Draghi's dream is...
View Article08 Nov 2012 – “ Bop 'Til You Drop ” (Rick Springfield, 1984)
08 Nov 2012 – “ Bop 'Til You Drop ” (Rick Springfield, 1984)Music LinkHmmm… Initial rebound after yesterday’s bashing was rather modest, settling on a bit better and awaiting US input. Spain overdid...
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Obama's Back In: Does He Succumb To Popular (Ignorant?) Opinion Like The...
Many have asked me if I believe in austerity measures or the Keynsian approach of spending out of recession. I have stated, time and again, that the question is loaded - hence the answer can never be...
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Chart Of The Day: When $0.99 Becomes Unaffordable, We Have A Problem
Earlier today, fast food juggernaut McDonalds reported same store sales for the month October. At -1.8%, this number was well below expectations of -1.1%, and a drop from September's 1.9%. It was...
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Obama Victory: Increased Gold And Silver Storage In Zurich And Asian Capitals
Today’s AM fix was USD 1,715.00, EUR 1,347.42, and 1,075.84 GBP per ounce. Yesterday’s AM fix was USD 1,730.50, EUR 1,345.86, and GBP 1,080.75 per ounce.Silver is trading at $31.85/oz, €25.10/oz and...
View ArticleWe Aren't In Kansas Anymore
Via Mark J. Grant, author of Out of the Box,While the citizens of Athens rioted and threw Molotov Cocktails outside of their Parliament the elected officials narrowly passed the new austerity measures...
View ArticleDo We Have What It Takes To Get From Here To There? Part 1: Japan
Authored by Charles Hugh-Smith of OfTwoMinds blog,The Japanese model of incrementally perfecting consumer technologies may well have have reached marginal returns. Do we have what it takes to get from...
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Deconstructing The Most Hated Trade Of The Decade, The 375% BoomBustBlog...
I hear so little hate on the Apple call these days. When the stock first dropped after the (3rd BoomBustBlog forecast) earnings miss and the lackluster iPhone 5 debut, all I heard was "well you've been...
View ArticleGuest Post: Do We Have What It Takes To Get From Here To There? Part 2: China
Submitted by Charles Hugh Smith from Of Two MindsDo We Have What It Takes To Get From Here To There? Part 2: ChinaPull aside the curtain and what you find is a China crippled by corruption and...
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