Monthly Archives: August 2013

No one indicator is the holy grail of timing cycles– market moves are complex. But the ingredients of every cyclical bear are consistent through time and all are present today in the form of record leverage, valuations and complacency, together … Continue reading →

Assets are being sold across the globe today in liquidation-style typical of participants who have been rolling the dice on record high leverage. As prices drop they must increase selling to cover margin calls, which forces more selling and more … Continue reading →

Over the past 10 years, corporate executives and employees, particularly in the financial sector, have avoided culpability for illegal acts and intentions by hiding behind their corporations.  The bigger the organization, the easier for executives to fain ignorance, “I was … Continue reading →