That saying couldn’t be more true (Gartman regularly echos this). Take today for example. Now, I like Barack, but it doesn’t matter what he says at this point. The global economy is contracting and even though the Government is working hard to cushion the landing, its going to be painful nonetheless.
Granted, the US markets have [...]

…Truth.
According to the kind Hindu fellow that sits beside me. Check this if you don’t know what I’m referring to.
The Structured Credit world has its share of ill conceived or just plain ironic names as well. Here are a couple of my faves:

High-Grade Structure Credit Strategies Enhanced Leverage Fund (A Bear Stearns concoction, not surprisingly.)
Absolute [...]

I haven’t been writing much lately about Swaplogic. I guess I’m completely distracted by what is going on the the stock markets. Its unbelievable. “Too big to fail” is now a phrase being thrown around in a ubiquitous manner. Although, it seems that the truth is absolutely to the contrary. Looks like Citi, GM, and [...]

I kind of feel bad for Mark Cuban. A lot of people don’t like him much, but I think he’s pretty slick. His track record has been pretty much impeccable, and since that’s pretty much all we’ve got to judge him by, I suppose he’s pretty good at what he does. Today’s news doesn’t change [...]

I haven’t been blogging much over the last few days. I suppose its because I’ve been busy trying to make sense of what is going on in the markets, as well as trying to figure out a way to create my own “soft landing” if things really get ugly.
Ugly? You mean things aren’t ugly already? [...]

Today marks yet another day with of polar extremes in market sentiment. Down 400 before lunch, only to rally back nearly 800 points to finish up 400. Wild. I’m no pro, but I think that we’re in for this kind of volatility for at least a few more weeks. For those keeping track, the VIX [...]

Not me…
The S&P just closed under 1000 for the first time since 2003. Many pundits are saying saying that a 9-handle, or even an 8-handle are not out of the realm of realistic possibility. All of this after Bernanke said the Fed is ready to slash rates, as well as acknowledging that inflation is less [...]

OK, so I’m getting a bit nervous about the Paulson Bailout vote that happens with the Senate tonight and the House tomorrow. Its become quite clear that the folks in the Senate and the House were scared six ways from Sunday after a 738-point drop in the Dow on Monday, and they’re very unlikely to let [...]

Today the SEC announced a temporary ban on short selling of 799 financial stocks. This is, of course, a desperate move to create securities market stability. The ban will be in place until October 2. Its just delaying the inevitable, in my opinion. Without getting technical, long position holders in financials are going to be pissed because [...]

So on my way home last night, I got a call from a friend telling me that some politician was on TV today telling everyone to be ready for gasoline prices to spike 13-cents per litre overnight. He advised me to get there before the price shock hits. My first reaction? Ignore him, of course. Not surprisingly, [...]