Tag Archives: Fiscal Cliff

Negotiating the Fiscal Cliff w/ Infographics

Posted on November 21, 2012 by macromon

On Monday we noted the cheeky tweet sent out by House speaker,  John Boehner, asking where were the President’s spending cuts.   We just received this through a robo e-mail from Obama for America. We’re starting sense the Kumbaya good feelings … Continue reading →

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Cliff Diving – Day 7

Posted on November 20, 2012 by macromon

Bernanke speaks.  Stocks tank.  Buyers step in.  Market closes unched. Stocks got spanked during Chairman Bernanke’s speech to the New York Economic Club but managed to claw back losses,  to close, essentially, unchanged.   Bonds and gold got whacked on possible … Continue reading →

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Cliff Diving – Day 6

Posted on November 19, 2012 by macromon

No politician, no cry. The President is out of country and Congress is not in session.   Though Speaker Boehner tweeted a cheeky remark about where’s the President’s spending cuts,  all was quiet at the edge of the fiscal cliff. … Continue reading →

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Negotiating the Fiscal Cliff on Twitter

Posted on November 19, 2012 by macromon

Times they are a-changin’. House Speaker,  John Boehner,  just tweeted this (around 2:55 PM eastern):

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Greenspan’s Dose of Realism

Posted on November 17, 2012 by macromon

Former Fed chairman,  Alan Greenspan, dishes out some real gems to CNN’s Ali Veshi on the fiscal cliff and the country’s current economic situation, in general.   He almost sounds like the inflation slaying Paul Volcker.  Rather than inflation this time, … Continue reading →

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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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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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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 3

Posted on November 14, 2012 by macromon

Now it gets  interesting. Fiscal Cliff Monitor (FCM) Stocks down 1-2 percent with the Russell down 50 bps more than the S&P5oo;  defense down 2.38%;  VIX up 6 1/2%;  dollar and bond flat, which is interesting on the back of … Continue reading →

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Cliff Diving – Day 2

Posted on November 13, 2012 by macromon

No panic today, though stocks continue to sell down.  Maybe some are just panicking before others. Geithner out on the tape, reported by CNBC,  saying tax rates have to be raised on the upper income.  Negotiating positions hardening? Equities couldn’t … Continue reading →

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