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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: July 2012
Barclay’s LIBOR-fixing reflects cesspool culture of global investment banks
The world is reacting in “shock” at the LIBOR-fixing flap at Barclays. The truth is that this manipulation has been happening for years. I first heard stories about interest rate fixing as far back as 2007. Hell the world’s … Continue reading
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UKIP’s Nigel Farage on EU Summit “breakthrough”
Here is a direct link.
US economy contracts in June
Mesmerized by the parade of naked emperors populating press conferences in Europe, the business media continues its trademark rear view today proclaiming June the best stock market gains since 1999 (infamous peak anyone?). This morning we learn that the US … Continue reading
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