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Monthly Archives: August 2010
Whitney on latest results in US and European financial sector
Meredith Whitney this week:
Where have all the buyers gone?
Summer volumes do tend to be low, but this July was especially anemic compared to the past 3 years of the Canadian TSX 60 Index (see blue lines in boxed areas at the chart bottom below): Bulls will need to … Continue reading
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Trading volumes do not support price gains made in July
One of the hardest things for shallow-thinkers to grasp is that price in asset markets is not the only metric of import. As David Rosenberg says, most mainstream commentators (CNBC hosts) and investors “live only in the moment”. Sadly that … Continue reading
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