http://bits.blogs.nytimes.com/2011/09/19/apple-shares-hit-all-time-high/?partner=yahoofinance
How'd Dell do after Micheal Dell left? How'd the Bull's do when Jordan retired? How's the Colts doing without Mannings?
Monday, September 19, 2011
Sunday, September 18, 2011
Only Thing That Matters.
Greek One Year Bond
Last week CPI, inflation, was running at the high limit of the stated Fed's acceptable range, NY and Philly numbers are showing manufacturing contraction, and unemployment's moving up, but Greece was going to get bailed out so everything's OK. I don't expect that idea to change any this week so the Greek bond chart moves everything else right now.
Last week CPI, inflation, was running at the high limit of the stated Fed's acceptable range, NY and Philly numbers are showing manufacturing contraction, and unemployment's moving up, but Greece was going to get bailed out so everything's OK. I don't expect that idea to change any this week so the Greek bond chart moves everything else right now.
Friday, September 16, 2011
Weekly Cap
The stock markets are loving this central bank we'll save everybody move announced yesterday. S&P is up from 1150 to 1210 as of now and the European markets have moved more then that this week. This is all on the idea that Greek default got taken off the table and with that European banks failures as well. And yes Greek bonds have gone up in price but a one year Greek bond yield is still over 100%. So for those who don't speak bond, the easy math is if it's yield is 100% for one year it means a $1000 bond is selling for $500. Is that better then last weeks $400, yes. Does that still mean the bond market thinks Greece can only pay half its debt back this year, yes. Its got this 08 vibe were housing was collapsing but stocks kept going up and then explosion. If people saw a crisis coming there wouldn't be one because they'd adjust before it happend.
Weekly Cap
The stock markets are loving this central bank we'll save everybody move announced yesterday. S&P is up from 1150 to 1210 as of now and the European markets have moved more then that this week. This is all on the idea that Greek default got taken off the table and with that European banks failures as well. And yes Greek bonds have gone up in price but a one year Greek bond yield is still over 100%. So for those who don't speak bond, the easy math is if it's yield is 100% for one year it means a $1000 bond is selling for $500. Is that better then last weeks $400, yes. Does that still mean the bond market thinks Greece can only pay half its debt back this year, yes. Its got this 08 vibe were housing was collapsing but stocks kept going up and then explosion. If people saw a crisis coming there wouldn't be one because they'd adjust before it happend.
Thursday, September 15, 2011
Unemployment
Another week another upward revision to last weeks initial claims number. http://marketvent.blogspot.com/2011/09/unemployment.html. But that doesn't matter because stocks are happy Greece is saved. Somwhow the Greek bond didn't get the message, which is strange since this is suppose to fix the Greek debt market. Once againg Bond market or stocks who's right?
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