Search results

Will Fed burn Bill Gross again? KOSPI Composite Index (S.Korea) last night came out of the trough. So, after Shanghai index corrected the “correction” later March 2007, Dax followed yesterday, and Kospi followed last night. Against strong overseas headwind, it’s very difficult for...

The light at the end of the tunnel? Today, CAF, the shanghai index’s rep in US, closed at $32.22, above Feb 26’s opening of 31.44. CAF is one of my recommended bargains for readers to load during the current correction, see my posts on 022707, 030107 and other posts...

A world decoupling from US Today is easy money for everyone, except for those who bought the bonds around March 14, 2007 (See my post “031407 It’s expensive for bears too”, marketreflections.com). Today US stock indexes were boosted by a better than 022007 “pending home sales...

When the curtain goes up NBR’s “I believe” today had a dancer talking about her career: She basically said that as a church-goer, believing that life is short and one needs to do something good and meaningful to society, she starts her life everyday when curtain goes up on stage...

The current trough: it may not be deep, but has length “Short the top, long the dip, just don’t carry” is a day trader’s slogan, and today stock market becomes a day trader. Alarmed by a “distribution” on 032807, the fifth day after “a follow-through” on 032107, IBD now has...

Fed, rate, and US “China strategy” Today’s market is just as theatrical as yesterday, and I made about the same. marketreflections.com As always, beauty is in the eyes of beholders, both bears and bulls get their stories from today’s personal income and spending data: growth and...

Today’s market: More rational than emotional As a result, I made less. marketreflections.com After a gap up at today’s open, stock market quickly figured out that although 4Q2006 GDP was better than expected, it was then, not now. In the context of housing correction and weakening...

Benranke to Gross: Sorry about “Uncertainty”, but you have to deal with it. Uncertainty is the central point in Ben’s testimony today: ``Our policy is still oriented towards control of inflation, which we consider to be at this time to be the greater risk,'' he told the Joint...

Benranke to Gross: Sorry about “Uncertainty”, but you have to deal with it. Uncertainty is the central point in Ben’s testimony today: ``Our policy is still oriented towards control of inflation, which we consider to be at this time to be the greater risk,'' he told the Joint...

Benranke to Gross: Sorry about “Uncertainty”, but you have to deal with it. Uncertainty is the central point in Ben’s testimony today: ``Our policy is still oriented towards control of inflation, which we consider to be at this time to be the greater risk,'' he told the Joint...

Benranke to Gross: Sorry about “Uncertainty”, but you have to deal with it. Uncertainty is the central point in Ben’s testimony today: ``Our policy is still oriented towards control of inflation, which we consider to be at this time to be the greater risk,'' he told the Joint...

Current correction: “bottomed out” possible, so is another leg That is because of the coming back of stagnation fear. Bonds, “The mind of market”, today see the steepest yield curve since June 5 2006, with 10Y T yield rising to 4.61 intra-day, about 4 base points above that of 2Y...

Current correction: “bottomed out” possible, so is another leg That is because of the coming back of stagnation fear. Bonds, “The mind of market”, today see the steepest yield curve since June 5 2006, with 10Y T yield rising to 4.61 intra-day, about 4 base points above that of 2Y...

IS THE CURRENT CORRECTION OVER(II)? Yield curve not inverted any more The central point of “IS THE CURRENT CORRECTION OVER” is Ben Put as the bond market and hedge fund perceived. The yield curve seemed to have confirmed this: “For the first time since the Fed ended a...

5Y T yield index: 44.78 10Y T yield index: 45.87

032607 Mid-Mkt: “been there, done that” From my previous post of 032207 Atop of a “vertical line”: “Looking at Dow’s 15 minute chart: Dow jumped about 180 points from 12300 to 12480 after Fed’s release yesterday, just about 150 points below 12630, Dow’s opening point on...

IS THE CURRENT CORRECTION OVER (II)? Yield curve not inverted any more The central piece of “IS THE CURRENT CORRECTION OVER” is the so-called Ben Put as the bond market and hedge fund perceived. The yield curve seemed to have confirmed this: “For the first time since the...

IS THE CURRENT CORRECTION OVER (II)? Yield curve not inverted any more The central piece of “IS THE CURRENT CORRECTION OVER” is the so-called Ben Put as the bond market and hedge fund perceived. The yield curve seemed to have confirmed this: “For the first time since the...

Is the current correction over? The Standard & Poor's 500 index, a benchmark of corporate America's equity, dropped 75 point from 1449 Feb 27, 2007 to 1374 March 5, 2007, a 5.2% correction so far, triggered by a slide in Chinese shares and warnings by Greenspan that the U.S. economy was...

Is the current correction over? The Standard & Poor's 500 index, a benchmark of corporate America's equity, dropped 75 point from 1449 Feb 27, 2007 to 1374 March 5, 2007, a 5.2% correction so far, triggered by a slide in Chinese shares and warnings by Greenspan that the U.S. economy was...