MorningWord 6/29/12: Well it certainly wasn’t a Bazooka, but with expectations not particularly high heading into the EU summit, it didn’t take much to get risk assets moving higher. This was clearly not what we had …
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MorningWord 6/28/12: Today in Brussels leaders of the EU nations will meet for a 2 day summit to discuss measures to stem what is now becoming an annual summer ritual in the region, a good ol fashioned debt crisis! …
Continue readingMorningWord 6/27/12: Equity markets over the last 2 months or so have just started again to feel the stresses that have existed in the credit and currency markets that had never really abated since last …
Continue readingMorningWord 6/26/12: In yesterday’s market action there were very few signs if any, that things weren’t as bad as they seemed, and trust me people, WMT‘s strength (up 1.3% yesterday) is not Bullish for anything …
Continue readingMorningWord 6/25/12: We are not gonna lie to you, things look fairly ugly this morning….I can’t remember the last time we had the futures down close to 1% pre-market on no specific news, maybe once the …
Continue readingMorningWord 6/22/12: Many readers have heard me say this before, and yes some may say it is a bit pedestrian, but the simple fact is, everyone and I mean everyone needs risks assets to go up, and …
Continue readingMorningWord 6/21/12: With the Fed’s 2 day June meeting done and dusted, we now have to endure 40 days of slicing and dicing of yesterday’s statement and Bernanke’s answers at the his titillating press conference, ’til their …
Continue readingMorningWord 6/20/12: It’s likely to be a fairly uneventful morning as we head into the 12:30 FOMC rate decision, even though it appears that aside from the extension of Operation Twist, we will just get words……words like: standing, …
Continue readingMorningWord 6/19/12: Relative calm has descended on global markets for what feels like the first time in weeks. Spot VIX settled meaningfully below 20 for the first time in a month, which is just taking the …
Continue readingMorningWord 6/18/12: The build up into this past weekend’s election in Greece got me thinking yesterday about a Kink’s classic, This Time Tomorrow: This time tomorrow where will we be? On a spaceship somewhere sailing …
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