Monthly Archive: August 2009

That should about do it. 22

That should about do it.

We haven’t seen this kind of bullishness on stocks since 2007. Pullbacks at every degree since the March lows have been shallow.  Volume and implied volatility have dwindled, and this month the put/call ratio...

That great economist, Ben S. Bernanke 8

That great economist, Ben S. Bernanke

For your amusement, here’s Bernanke a couple of years ago doing his best to downplay our problems: – To the dismay of many a fair-minded observer, Bernanke the Fool has been nominated for another...

Summer school 13

Summer school

There are still a lot of people out there who didn’t absorb last year’s course on the credit cycle, particularly the chapter on inflation and deflation. To remedy this gap in your elementary economic...

Barf O’Rama 46

Barf O’Rama

Bloomberg’s Tom “Tuxedo & Bowtie” Keene recently provided a 10-minute forum for Abby Joseph Cohen, Senior Investment Strategist at Goldman, to drone on about how the “recession is ending right now,”  “consumer growth will...

Line in the sand 8

Line in the sand

S&P 500 e-mini futures, including overnight trading, 1-month view, 1-hour bar: Interactive Brokers – The story here is that nothing is confirmed yet. The megaphone pattern (expanding upward wedge) hasn’t been busted, so we...

Storm rolling in from the East 1

Storm rolling in from the East

Bloomberg.com – Mainland China was hit the hardest, down 6% today and 12% in a week: Yahoo! – The deflation trade is on again. Commodities are down, bonds are up big, and the dollar...