Monthly Archives: May 2012

The Facebook IPO & Market Game Theory

Posted on May 17, 2012 by macromon

Tough markets. The Dow and Russell are just one more bad trading day from giving up all their gains for the year.   France,  Brazil, and UK equities are now negative for 2012.  Most Asian equity indices have broken their … Continue reading →

Posted in Black Swan Watch, Equities, Global Stock Performance | Tagged , , | 1 Comment

Ugly Week for Global Equities

Posted on May 17, 2012 by macromon

It’s turning out to be a very ugly week for Mr. Risk.  Can the 38 Special (Facebook) turn the markets on Friday?  Hearing FB won’t start trading until 11:00 AM.  Enough time for the market to hurl and provide the … Continue reading →

Posted in Equities, Global Stock Performance | Tagged , , , | Leave a comment

‘Toon of the Day: Fed Prepares for QE3

Posted on May 16, 2012 by macromon

As equities and commodities continue their slide and expectations of QE3 increase, thought we’d repost a cartoon from last year. At least this type of QE directly puts money into the hands of (some) consumers and will quicken inflation.  And … Continue reading →

Posted in Cartoon of the Day | Tagged , | 1 Comment

Dropping Like a BRIC: Bovespa Turns Negative For Year

Posted on May 15, 2012 by macromon

After leading global equity markets for the first two months of the year,  the Brazilian Bovespa has fallen like a BRIC since hitting its 68,970 high on March 14th.  We noted the index broke its 200-day yesterday and with today’s … Continue reading →

Posted in Black Swan Watch, BRICs, Commodities | Tagged , , , , | 5 Comments

Uneasy axis for Paris and Berlin

Posted on May 15, 2012 by macromon

(click here if video is not observable)

Posted in Euro, PIIGS, Policy, Politics | Tagged , , | Leave a comment

Tale of Two Gaps

Posted on May 15, 2012 by macromon

We’ve posted many times how a market “abhors a vacuum and all gaps will be filled.” Apple’s opening gap after their latest earnings release has now been completely filled. Not Amazon’s, however, and it could be the fact the gap … Continue reading →

Posted in Apple | Tagged , , , | Leave a comment

Europe Enters Terminal Zone

Posted on May 15, 2012 by macromon

Another tough day in Europe as Greece failed to form a government and called for new elections.   We sense Europe has entered a terminal phase of the Euro as we now know it. No doubt there will numerous ECB interventions, … Continue reading →

Posted in Black Swan Watch, Euro, German Bund, Italian Yields, PIIGS | Tagged , , , , , , , | Leave a comment

“…A Breath Away From the Drachma and Disaster”

Posted on May 14, 2012 by macromon

(click here if video is not observable)

Posted in Black Swan Watch, PIIGS, Sovereign Debt, Sovereign Risk | Tagged , , , | 1 Comment

All Is Ugly

Posted on May 14, 2012 by macromon

x/ bonds and the U.S. dollar. Tough to find a chart with an uptrend.  The Brazilian BOVESPA and Hang Seng broke their 200-day moving averages today. Commodities are very ugly especially given China’s monetary moves over the weekend, which, generally, … Continue reading →

Posted in Chart of the Day, Charts, Commodities, Equities | Tagged , , , , , , | Leave a comment

Tough Day in Euroland

Posted on May 14, 2012 by macromon

Key Data Points: German Bund yield falls 6 bps to 1.457 percent; France 8.4 bps wider; Italy 24.7 bps wider; Spain 27.9 bps wider to 6.23 percent; Portugal 23.4 bps wider; Ireland 16.7 bps wider; Greece 289 wider; Large Eurozone … Continue reading →

Posted in Black Swan Watch, Euro, Eurozone Sovereign Spreads, Sovereign Risk | Tagged , , , , , , | Leave a comment