Monthly Archives: June 2012

Jun06

Futures are riding the wave again as details of Fed VP "Easy Money" Janet Yellen filter out.  Clearly if it were solely up to her, we'd be on a continuous IV of easy money for many years ahead.  Granted we've been in…

Jun06

One of the popular theories on the internets (sic) is that Bernanke wants to goose the market to help get Obama re-elected since he wants to keep his job.  That due to the comments continuously heard during the GOP primaries…

Jun06

For those who follow the Investors Business Daily framework today is a +1.7% day which is part of the process needed for a longer term bull move but the timing is incorrect.  Since sharp drops sometimes lead to sharp reversals back…

Jun06

Earlier this morning ECB held rates steady (no surprise) but there was no kaboom in the press conference which many were hoping for.  While all the focus today is on monetary actions (central banks) the crux of European issues are fiscal (government…

Jun06

We've been talking endlessly the past week about "intervention" as the market has attempted to rally on one form of it or another continuously (but failing) – remember the "IMF rescue of Spain" last Thursday or the "envisage a banking…