The Big Picture (blog) – Double Top? Discuss . . . Its now show me time — heading into September, the worst month of the year — and what appears to be a tiring markets is likely to choose a specific course for the next few quarters.
The Wall Street Journal – Justin Lahart: Wall Street’s Finest at Work “Great quarter, guys.” For those who have been too busy to tune into company earnings calls, that’s a dollop of praise analysts have lately ladled over companies ranging from Broadcom to Bonanza Creek Energy. Indeed, despite the snickers the sycophantic phrase induces, “great… Continue reading Great Quarter Guys!
Telegraph (UK) – Ambrose Evans-Pritchard: Peak cheap oil is an incontrovertible fact If the looming global oil crunch has been postponed for another decade or two as widely alleged, this is far from obvious in today’s commodity markets. Brent crude jumped to $115 a barrel last week. Petrol costs in Germany and across much of… Continue reading Peak Oil
cnbc.com – Half of Homeowners Under 40 Are Still Underwater The country’s underwater homes are slowly resurfacing as the housing market improves. But younger borrowers are still more likely to be submerged, a new report from real estate site Zillow.com finds. Overall levels of negative equity improved in the second quarter of the year compared… Continue reading Home Equity
The Wall Street Journal – Suits Mount In Rate Scandal Billions of Dollars at Stake in Claims Banks being probed for interest-rate manipulation face potentially tens of billions of dollars in claims from dozens of lawsuits in the U.S. from cities, insurers, investors and lenders who say they were hurt by the allegedly fudged rates.… Continue reading Lie-bor Lawsuits
Barron’s – JACQUELINE DOHERTY:The Danger in Dividend Stocks Mania for income has boosted shares to nosebleed valuations. The poster children: Southern Co. and Verizon. Winning trades rarely stay winning indefinitely. So anyone heavily invested in stocks or bonds that throw off lots of cash—whether through interest income or dividends—should beware of the abundant signs of… Continue reading Are Dividend Stocks A Danger?
None today
Bloomberg.com – ECB Said to Await German ESM Ruling Before Settling Plan European Central Bank President Mario Draghi may wait until Germany’s Constitutional Court rules on the legality of Europe’s permanent bailout fund before unveiling full details of his plan to buy government bonds, two central bank officials said. With the court set to rule… Continue reading The Next 21 Days
Comment This morning Jim was on Bloomberg TV with Jim Paulson and Tom Keene discussing the stock market. To view the interview click on the image below. To view any of our recent interviews click here.
Comment Yesterday Jim was on CNBC with Bill Gross, Jason Tennart and Jeff Cox discussing the odds the Federal Reserve announces QE3. To view the interview click on the image below. To view any of our recent interviews click here. CNBC – Fed Easing Is a ‘Done Deal’: Bill Gross The Federal Reserve will definitely… Continue reading More QE Coming?
Comment Yesterday we wrote: Remember that this is arguably the most divided FOMC in the 100-year history of the Federal Reserve. Simply put, the hawks (i.e., Richard Fisher and Charles Plosser) and the doves (Charlie Evans and Eric Rosengren) have radically different views of the economy and what the Federal Reserve should do. The Federal… Continue reading A Divided Federal Reserve
MarketBeat (WSJ Blog) – Gold Bugs Hop on QE3 Trade Gold bugs are loving what they saw in the FOMC minutes yesterday. The precious metal is up more than 2% today, continuing a rally that started in the previous trading session immediately after the Fed sent its strongest signal yet that it’s leaning toward another… Continue reading Gold