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Category Archives: Equities
Could 2018 Be the Year of the Next Financial Crisis?
Interesting this was posted two days before market top. One of the major concerns was a spike in volatility. So prescient. Davos was so lathered up with Bull. Always so contrarian. Is the century’s longest stock market bull run about … Continue reading
Just Another Day At The Office
Wola-freakin’-tility! The Dow traded in a 1,022 point, or 4.3 percent, intraday range today. That is emerging market volatility, folks. What a close to an ugly week and a bookend win to the week for the bulls. Classic double bottom … Continue reading
Fugly Trading Week
Drawdowns* Bitcoin: -58.3%Shanghai Comp: -13.2%China A Shares: -11.9%Nikkei 225: -12.6%Brazil: -11.6%Nasdaq: -10.4%S&P 500: -10.2%Mexico: -9.4%Russell 2000: -9.3%Oil: -9.2%EuroStoxx 600: -7.2%India: -5.5%Gold: -3.5%Euro: -2.1% *from recent highs, bloomberg data — Lawrence McDonald (@Convertbond) February 9, 2018
The Only Dip To Buy Is A French Dip
Stunning to watch the financial pundits and the action of some investors with their reflexive buy the dip mentality after the massive volatility shock. The S&P500 moves straight up for two years without a back-to-back 1/2 percent correction and then … Continue reading
Start Of A Mean “Mean Reversion” In Stock Values?
Asset valuations, including stock prices, eventually revert to their long-term mean (average) valuation or at least attempt to if not interrupted by outside intervention, such as central banks. It has been the major factor in the steep sell-off in … Continue reading
Posted in Currency, Equities, Uncategorized
Tagged Equities, Fundamental Valuations, Stock Market Crash
28 Comments
When Stock Prices Become A Social Movement
Stock prices are likely to be among the prices that are relatively vulnerable to purely social movements because there is no accepted theory by which to understand the worth of stocks….investors have no model or at best a very incomplete … Continue reading
Gundlach Channels Our “Mark Of The Beast” Market
Love Jeffrey Gundlach. As with everyone, not always right as nobody knows the future, but his analytical roadmap to decision making is rigorous, and he has the big ‘nads to pound the contrarian table. That earns him much respect, in … Continue reading
Another Streak Snappled
Whoa! Dow down 666 to close a week in which we saw a rare Super Blue Blood Moon. Sure to bring out the false “profits” [sic], now watching for an earthquake and great fire to turn the sun black. … Continue reading
Bonds Behaving Badly
We began the week with our Watch This Space post: Because the eurozone is where the big bond bubble lives. Though the euro periphery is now in Convergence 2.0 mode on hopes of eMac’s vision of a more integrated ‘zone, … Continue reading
Posted in Black Swan Watch, Bonds, Equities, Uncategorized
Tagged bonds, Currencies, Equities
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Alan Greenspan On The “Twin Bubbles”
We suspect the duration and resolution of the twin bubbles will be a bit more complicated than the dot.com and credit/housing bubble — i.e., a swift waterfall collapse followed by a sharp rebound driven by the Federal Reserve to even … Continue reading
Posted in Bonds, Equities, Uncategorized
Tagged Alan Greenspan, Bloomberg, Bond Bubble, Stock Bubble, Twin Bubbles
48 Comments
Global Macro Monitor 