Monthly Archives: November 2012

Cliff Diving – Day 5

Posted on November 16, 2012 by macromon

Nice stock bounce almost instantly after the four Congressional leaders emerged from their meeting with President at the White House.   “Constructive” is the word. The S&P500 put in a bullish outside day – lower low and higher high than … Continue reading →

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Weekly Eurozone Watch

Posted on November 16, 2012 by macromon

Key Data Points German 10-year Bund 2 bps lower; France 10-year 4 bps tighter to the Bund; Ireland 14 bps tighter; Italy  9 bps tighter; Spain 7 bps wider; Portugal  4 bps wider; Greece 50 bps tighter; Large Eurozone banks … Continue reading →

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Weekend At The Movies: The Other Son

Posted on November 15, 2012 by macromon

Here’s a flick we’re off to see after the market close. It looks pretty good and timely given the escalation of the conflict in the Mideast.  Looks almost like a biblical parable.  Wish they would take a timeout over there … Continue reading →

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Where’s the Bottom?

Posted on November 15, 2012 by macromon

Wish we knew. We respect the downtrend and are trying to remain flexible. We do know fiscal cliff worries are dominating the market, the S&P500’s medium-term uptrend is broken, and the 200-day moving day has been violated.   We now  … Continue reading →

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The Script

Posted on November 15, 2012 by macromon

We had to post this before we pack it in. Another Irish fave with some American spice from Will.i.am.   Great lyrics. Yeah, You could be the greatest You can be the best You can be the king kong banging on … Continue reading →

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Cue la France

Posted on November 15, 2012 by macromon

In our post earlier this month, How the mighty have fallen, we wrote, Why do we have this gut feeling Japan and France will be the countries of focus next year? Sorry, we’re dismal scientists. The Economist seems to share … Continue reading →

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Speaking of the Irish….

Posted on November 15, 2012 by macromon

Not only do we love Irish bands, we  owe much our heritage to the country. We’re also proud our distant relatives (less so with Twitter, however)  are working hard to take one of the eyes out the European PIIGS.   … Continue reading →

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Bono Gets Vertigo Over Fiscal Cliff

Posted on November 15, 2012 by macromon

We love this guy. The WSJDigitalNetwork reports, U2 singer Bono says spending cuts that hit in January would devastate programs to help the world’s poor, leading to more than 60,000 deaths. “There’s real jeopardy,” Bono said Wednesday at the World … Continue reading →

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Cliff Diving – Day 4

Posted on November 15, 2012 by macromon

Stocks continued their slow sell-off today.  The S&P500 did, however,  hold the key level of 1346.1,  the .618 Fibbonaci retracement level of the June 4 to Sept 14 rally.  The index closed 5 points off the 1348.05 low at 1353.33.   … Continue reading →

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China’s New Leaders

Posted on November 14, 2012 by macromon

Excellent Reuters graphic on China’s new leadership. The Washington Post opines on China’s new leadership, Those hoping this week-long party congress would send a clear signal in favor of openness and change were largely disappointed that the final Standing Committee … Continue reading →

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