Monthly Archives: May 2010

Part 1: The “Phase of Reckoning” Sovereign Debt Crisis Far from over: Part 2: Europe's Volcanic Cloud Smothers Rally For those of you not familiar with Tech Ticker clips on Yahoo Finance: Aaron and Henry Blodget do a terrific job … Continue reading →

The Volatility Index (VIX) is surging of late and this is leading some to suggest that volatility may be topping out at the same 40 range where it peaked in the Asian contagion crisis of 1997 and the 9/11 attacks … Continue reading →

I sit on the advisory board for a new charity called Care for Kenya out of New York City. Tomorrow night we will be holding our first annual fundraising gala overlooking the New York Stock Exchange. The purpose of Care … Continue reading →

Clarke and Dawes ask the million dollar questions: ABC News Australian Broadcasting Corporation. Hat tip Terry T: Reminds me of the “who's on first?” skit. Recommend on Facebook Tweet about it Print for later Tell a friend

One of the silliest things I have heard lately is the idea that stock markets are selling off this month, because the “flash crash” May 6 made investors nervous and unnecessarily lose confidence. Sure…the “flash crash” is to blame. Never … Continue reading →

I believe that reforming and re-regulating the banking system is one of the most pressing issues of our time. Whether we can get any political will to effect the changes and increased controls needed remains to be seen. So far, … Continue reading →

China is a canary in the global economy coal mine. The Shanghai Composite bottomed in November 2008, four months before the S&P 500. Most recently it topped out 9 months ago in August 2010 at 3471 and since then has … Continue reading →

Ms. Park was a guest on BNN this morning, Wednesday, May 19, 2010 at 8:50 am est. A clip of the interview is available here on the BNN web site. Recommend on Facebook Tweet about it Print for later Tell … Continue reading →

Roubini spoke to BBC Radio today about the on going credit crisis, and the challenges of resolving solvency problems. Recommend on Facebook Tweet about it Print for later Tell a friend

Meredith Whitney did a worthwhile Op Ed in the Wall Street Journal yesterday: The Small Business Credit Crunch: Usually at this point in an economic recovery government hiring kicks in to help pull down unemployment and bump up the consumption … Continue reading →

Our firm technician has been muttering concern about weak and declining volume in the stock market rally since last May. Day after day, as price moved up, volume moved sideways and down. A bull market is supposed to have volume … Continue reading →

A new report by the Certified General Accountants Association of Canada shows household debt in Canada kept rising through the recession and peaked in December at $1.41 trillion. (It has risen further year to date in 2010.) That's $41,740 on … Continue reading →

Nouriel Roubini on Tech Ticker today talking about coincident market risks from sub-par economic growth in 2H and zero rate policies around the globe: Recommend on Facebook Tweet about it Print for later Tell a friend

On Sunday, the IMF and Euro zone approved its 957 billion Euro package for Greece et. al. A trillion bucks is a big commitment and shows just how worried they are about further contagion in the bond markets. The EU … Continue reading →

My favourite finance author Roger Lowenstein (When Genius Failed et al) was on BNN May 6 discussing his latest book “The End of Wall Street” and the ripple effects that are now being felt around the world. Watch the 30 … Continue reading →