Newsclips
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September 13, 2011
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Comment On Friday Jim Bianco was on CNBC discussing the markets and the situation in Europe. To view the interview, click on the image above. To view any of our recent interviews click here. Here is the problem in a nutshell. Any bailout or change in Europe must be approved not only by 17 countries,… Continue reading Europe Gets Worse
Comment These stories suggest that it’s “every man for himself” in Europe. Or, if Germany is readying “Plan B” to bail out its banks in the event of default, who bails out the Spanish, Italian, French and Irish banks? Speaking of the French Banks, see a few posts below. Bloomberg.com – Germany Readies Surrender Over… Continue reading Germany Readies Plan B
Comment As Italian yields continue to skyrocket, there is the question of when buyers on margin and CDS buyers will be required to meet larger margin requirements. Remember that most debt is purchased on margin (including virtually all bank and dealer trading). So, at what point are larger margin requirements triggered? The first chart shows… Continue reading Are Italian Yields At The Tipping Point?
The Financial Times – JPMorgan chief says bank rules ‘anti-US’ New international bank capital rules are “anti-American” and the US should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, has said. In an interview with the Financial Times, Mr Dimon said he was supportive of forcing… Continue reading Jamie Dimon, Should The U.S. Exit Basel III?
Bloomberg.com – Biggest French Banks May Have Ratings Cut by Moody’s on Greek Holdings BNP Paribas (BNP) SA, Societe Generale SA and Credit Agricole SA (ACA), France’s largest banks by market value, may have their credit ratings cut by Moody’s Investors Service as soon as this week because of their Greek holdings, two people with… Continue reading French Banks Get Worse
The Washington Post – Barry Ritholtz: The investor’s dilemma: Earnings, valuation and what to do now Consider a study from James Bianco of Bianco Research. It looks at two groups of earnings estimates, one from Wall Street strategists who look at the macro picture, and, second, the Street’s analysts who study individual firms. According to… Continue reading Earnings Forecasts
<Click on graphic for larger image> The New York Times – Market Swings Are Becoming New Standard The stock market just can’t seem to make up its mind. Day after day, stocks swing sharply by hundreds of points. Last week they tumbled 3 percent in the first 90 minutes of trading on Tuesday morning, then… Continue reading Volatility
MTA.org – Chicago Regional Seminar The MTA will be hosting a one day Regional Seminar on September 16th in Chicago. The theme for this event will be “Exploring the use of Technical Analysis in the Futures and Derivatives Markets.” The venue will be the beautiful Metropolitan Club high atop The Willis Tower (Sears Tower). Throughout… Continue reading MTA Regional Seminar In Chicago This Friday
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<Click on chart for larger image> Dow Jones – US Senate Starts Process For 2nd Debt Ceiling Boost Senate Majority Leader Harry Reid (D., Nev.) said lawmakers would begin a process later Thursday that would trigger a further $500 billion increase in the country’s debt ceiling. “If the motion to proceed prevails, we’ll be back… Continue reading The Debt Ceiling Was Raised Last Night, Western Civilization Saved
The Economist – Buttonwood: All in the same boat Why global stock markets have become more correlated But, as the chart shows, global stock markets have steadily become more correlated over the past few decades. Wake to the financial headlines on any given morning and you will find that a sell-off in Asia has spread… Continue reading Stocks Are Correlated Across The Globe