One Wild Ride
The pounding of the bond market reflects expectations that the Fed will soon switch into a tightening mode. It's more likely that even after tomorrow's funds rate cut, the Fed won't be done.
The pounding of the bond market reflects expectations that the Fed will soon switch into a tightening mode. It's more likely that even after tomorrow's funds rate cut, the Fed won't be done.
Unless a "V" recovery va-va-va-vooms into earnings and reflation hard and fast, we've got an unbalanced market that favors a shift out of tech stocks and into bonds.
Speculation about a forthcoming anti-deflation policy initiative in Japan continues to mount.
V-mania has afflicted technology stocks -- that's an opportunity both for asset allocators and sector allocators.
Expect volatility: tomorrow all the major indexes rebalance -- so that means that all the major indexers will rebalance, too.
The long bond still presents attractive value in a deflationary environment.
There's a myth out there about the stock market signaling robust recovery. But believing it doesn't make it true.
How can we hope to restore the prosperity of the 1990s when no one understands why it ended?
The stock market is off with a bang for the new year. Can the real world possibly keep up?
Monetary deflation imported from the US Fed and disastrous fiscal follies imported from the IMF are what killed Argentina.