May 31: U.S. Markets Closed for Memorial Day Holiday
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Entries posted on “May, 2010”
Calm Before The Storm: Inflation At Record Lows
“U.S. core consumer price inflation fell to under 1%, the lowest annual rate recorded since the 1960s,” writes BCA Research in Montreal. “Wide slack exists in key parts of the economy, which will keep a lid on consumer price inflation for the foreseeable future.” A couple of old sayings came to mind when we read BCA’s note. [...]
Hamptons See Ray of Light From Wall Street Rebound
Recent rebounds in the U.S. stock market have sent a ripple of opportunity East of Wall Street to Long Island’s Hamptons. The real estate market and local commerce of the south shore beach towns traditionally have relied on the successes of the major players on Wall Street. As bonuses in 2010 have rebounded from the [...]
Oil Drillers: Time To Buy?
Is it time to buy offshore oil drillers like Transocean (RIG)? An old maxim on Wall Street is that you have to able to zig when everyone else zags, stand when everyone else ducks, etc. Being contrarian can be extraordinarily difficult, as it means going against conventional wisdom and the safety of the crowd. But [...]
Ponzi Case against Starr Reveals Life of Luxury
Kenneth Starr, a hedge fund manager who federal investigators accuse of financial fraud, led a life of luxury with his wife, a former pole dancer. A report from Gawker provides some interesting photos as well as details relating to Starr’s life style, which included a $7.5 million east side Manhattan condominium with a 32 foot [...]
Kedrosky Calls Complexity Talk “Multisyllabic Thumbsucking”
Paul Kedrosky takes a critical look at New York Times columnist David Brooks’ views on the issue of complexity and the brain’s ability to deal with it when it comes to overwhelming situations like the Deepwater debacle. Kedrosky says he’s “convinced that citing complexity in these things is mostly a thumb-sucking, multisyllabic way of saying [...]
Trading Tech Adopted by DOD and Intel Agencies
For years, high frequency trading technology systems have scoured the market to gather notable data in order to place profitable trades. These trading systems have put speed, efficiency, and consistency in data collection on a pedestal and government intelligence agencies have taken notice. Defense and intelligence groups are beginning to apply the format of fast-paced [...]
Dollar Fizzles as China Smooths Debt Concerns
Information from China chilled the U.S. dollar Thursday but brought sighs of relief to at least some regions of Europe. Source: DailyFX
Roubini & Bremmer Take a Walk on the Dark Side
Economists Nouriel Roubini and Ian Bremmer discuss unsettling possibilities for a global slowdown that could erase what many see as an ongoing economic recovery. “Geopolitical risks are rising, global coordination is lacking—and in the U.S., a nativist lynch mob stalks any politician who dares speak of granting international institutions greater power to monitor impending problems,” [...]
The Janjuah Effect: S&P Riding the Anvil Soon?
Royal Bank of Scotland chief credit strategist Bob Janjuah says global growth has topped out and traders can expect to see the S&P 500 take the elevator from its current 1100 range down to 800. Janjuah described some alternate scenarios, including another credit binge in China or major shifts in the U.S., that could drive [...]
