Sunday, October 9, 2011
Europe Being US.
So 2008 in the US went save Bear, let Lehman go down, which was bad, but the real problem was it was going to take AIG with it. So now we have 2011 Europe Dexia is Bear, Greece is Lehman, and who's AIG? It's getting that 2008 vibe again.
Wednesday, October 5, 2011
Watch the Bonds
S&P had a %4 percent run from the bottom to the top yesterday as Greek bailout rumor #137 came out. Quick check of Greek bonds yields, up to %139. Yield up price of bond goes down. Equities seem to ignore the bond market which is not a good idea. So will one of these rumors be true or will European leaders just go NBA lockout style were everyone loses.
Tuesday, October 4, 2011
S&P Support
We're dancing around that S&P 1080 range, http://marketvent.blogspot.com/2011/10/s-support.html. Greek bond yields are moving up but still a little under their all time high for now. On the plus side commodities are falling and pump prices should keep going down as oil price is down to $75.
Monday, October 3, 2011
S&P Support
Looks like we might have lost that 1120 S&P line as Greek default is back on the front burner. Even though the bonds have been pricing in a 50% plus haircut forever. Equities are still behind the curve. Next S&P support is around 1080.
Saturday, October 1, 2011
Analogy of the day
Stock market's like playing poker with somebody who's never played before. You never know if they'll go all in with a pair of 4's.
Subscribe to:
Posts (Atom)