I know that most investors and pundits see all time highs in the largest equity market in the world as some sort of victory for capitalism. It’s been a victory, but not exactly for “free …
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We’ll be fighting in the streets With our children at our feet And the morals that they worship will be gone And the men who spurred us on Sit in judgement of all wrong They …
Continue readingIn early March, my friend Jay Pelosky made a cogent case Why the World Needs a Weak Dollar. That was when the U.S. Dollar Index (DXY) was very near its multi-year highs. Here was his main …
Continue readingNo matter what you think global stocks should do on Brexit referendum results, European stocks have already factored in a higher likelihood of a Remain vote. The rally in the past week has them nearly …
Continue readingThursday afternoon I took a quick look at the price action of European bank stocks, particularly Deutsche Bank (Bank Bounce?). In hindsight this seems like an obvious observation for the very near term: DB has …
Continue readingECB and OPEC are the stories of the day. Sadly, I have little intelligent to add. So I won’t attempt to opine on what Mario Draghi, or the Saudi’s did or didn’t do. All I …
Continue readingJust as I was starting in this business in early 1997, not knowing shit about shit, I heard rumblings from some of the traders about some whacky stuff going on in Asian currency markets that …
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