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Cory’s Chart Corner
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Maybe it is different, but the decline in breadth is playing out as it did during the Tech-wreck why, because humans are involved. Same ol'e crazy!
h/t @MauiBoyMacro
“.. equity market breadth has narrowed in recent weeks to one of its lowest levels on record. The S&P 500 has rallied by 14% from its low in late March and now trades at a new record high. However, the median S&P 500 constituent remains 13% below its respective high.” 👇🏼
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Monthly Archives: November 2009
Economist James Galbraith talks with Bill Moyers
The stock market is up, but people on Main Street are still reeling from last year’s economic collapse. With North America still facing rising unemployment, foreclosures, and declining property values, Bill Moyers discusses with renowned economist James Galbraith, professor of … Continue reading
Roubini: Mother of all carry trades faces inevitable bust
Yesterday the Financial Times ran an article from Economist Nouriel Roubini warning of global asset bubbles that have been simultaneously re-inflated courtesy of the falling US dollar since March. As the U dollar fell against most of the world's currencies, … Continue reading
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The big bank wolves are at it again
Josh Rosner is one of the more knowledgeable people about the US banking system and this interview cuts straight to the point: the Obama admin is doing nothing so far to reign in the Fed or the banking rules that … Continue reading
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