The stock market volatility in January and February was largely the result of investor fear that the deflationary pressures of crashing oil and industrial commodity prices would move the global economy closer to a recession. …
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Bubble is a term that market pundits just can’t help themselves from saying whenever markets make new all time highs. A year ago, when the S&P 500 was at a new all time (14% lower …
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Last month’s towering accomplishment in the S&P 500 of finally topping the nice round number of 2000 was the surest way to get some equity market strategists dreaming of 3000. This morning, Morgan Stanley’s strategist …
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I am writing this from an airport in Maine, about to board a Delta flight to New York City, about 500 miles away. To say that I want to stay would be an understatement but …
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Emerging markets have outperformed developed markets since mid-March, a change in character after several years of severe underperformance. The headlines in emerging markets have improved in certain areas (India and China most notably), while headline risk …
Continue readingThe $150 oil spike theorists are back in force. Anytime geopolitical risk in the Middle East rears its ugly head (which, unfortunately, is far too frequently), there are those who say that any severe supply …
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MorningWord7/5/13: I am sorry to tell you people but for the balance of today and throughout the weekend, the financial press is going to debate just what is “good news” for the stock market. This …
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If you’re looking for the next black swan in the market it may be time to put down your European Sovereign Debt For Dummies book and start looking to what’s going on over in Iran. …
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My whole premise for being short and bearish all spring and skeptical of the rally off of the June lows was that global markets under-appreciate what appear to me to be a rapidly increasing list …
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Equity market action yesterday was interesting in that it felt like the weight of the world fell on Steve Jobs’ frail shoulders……
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