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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: December 14, 2009
Realty Trac warns next wave of foreclosures coming
Last Thursday Rick Sharga of Realty Trac appeared on Bloomberg and warned that the recent spate of less-bad housing data is a “false-positive trend” not likely to continue in 2010: “I think that first quarter of next year we'll see … Continue reading
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Obama: bailing out bankers "my greatest frustration this year"
Obama was on 60 Minutes last night talking about the problems he is having with “Fat Cat bankers”: Watch CBS News Videos Online Interesting…could his administration be actually starting to get serious about reforms and regulation? I would love to … Continue reading