Tag Archives: Bonds

Green Shoots get a Reality Check

Posted on May 13, 2009 by BMWFan

After almost two months of bullish action, the equity markets finally got a reality check with the announcement of lower than expected retail sale data, and sharp rise in the number of home-owners facing foreclosure. The market gapped down at … Continue reading →

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Rounded Bottom: Nice Set Up for the March to the 200 Day Moving Average

Posted on May 12, 2009 by BMWFan

The equity markets continued where they left yesterday, continuing the sell-off which started after Meredith Whitney’s bearish interview Unlike yesterday the selling was across the board with no divergence between exchanges or between the market breadth and advance/decline statistics. The … Continue reading →

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Weekly Roundup: The World’s Best Campaign Organizer Shows His Skills

Posted on May 8, 2009 by BMWFan

Last weekend I had written that the stress test results would not intimidate the market, and it is likely to be a buy the news event. The markets did not disappoint. vpxl made easy They bought every leak about the … Continue reading →

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Food For Thought: Ideal Interest Rate versus the Yield Curve

Posted on May 7, 2009 by BMWFan

On April 27, FT carried an article which showed that an internal study at the Fed suggested that the ideal interest for the current economic situation was -5%. Today the 2yr-30yr bond yield spread stands at 325 bp. According to … Continue reading →

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Treacherous Thursday: A Bull Trap before the Stress Test Results

Posted on May 7, 2009 by BMWFan

The treacherous bipolar nature of the equity market was visible today. This week’s Job Loss numbers and monthly retail sale numbers from Wal-Mart and Target came better than expected. The ES futures opened near their overnight high of 929.50. However … Continue reading →

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