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Its hard to short when the futures cannons are going off. I love how the market has changed. Its so uneconomic its hilarious. 1333 tick, 1400 tick, . No emphasis on fundamentals at all. its all about trading for the next four seconds.

Lets keep in mind the dollar got crushed this week. So 3 percent up for the dow minus 3 percent down for the dollar equals nothing. The US is screwed and it couldnt be anymore obvious. The world needs to work out its financial imbalances or eventually the whole system will collapse. its...

Im with thorn.

The US has been deficit spending since the regan years. Thats why we have a gigantic financial system and nothing else. The more credit the merrier for the financial system. Not to mention the moral hazard that has created tremendous amounts of systemic risk. In the end the system will...

Good post TGM. Central banks keep encouraging risk taking by not pushing up interest rates and keeping them below inflation. There is next to no spread between treasuries and a lot of junk bonds. Does that make sense? Actually yes. When our marketsand world markets operate on the belief the...

Im not implying a doomsday scenario. Besides, we have mr. deflation himself as our new fed chair. That doesnt mean there cant be a considerable drop in all assets worldwide. I do agree with Heli Ben that a lot of demand for goods is because of rising asset prices. Would it be far to say...

Does anyone have any thoughts about the market after the two day futures led jam fest? I still think people are in denial and the trend is down. Oil and Gold are going to head lower and that should help drag the spx with it. Without rising asset prices it is game over. It wont long until...

we cant crash if globex doesnt work. Or does it make it more likely?

Virtually every asset class has had a spectacular run over the 3.5 years. Credit growth is going to slow as asset prices go lower and risk spreads are going to widen. If your getting on average 6.74 percent on Baa corporates and three month tbills at an average of 5.23 percent someone is...

What is going to take over for the housing bubble?

So maybe it would be better if the fed did raise rates, reduce liquidity and cause spreads to widen?

I really hope things turn out of ok, but the US has a problem with asset bubbles and once they head south it tends to take the whole economy with it. What picks up the slack from real estate? And who is own the hook for the bad credit that has been extended? It wil lbe interesting to see if...

Its certainly going to be an interesting week.

I think the there is no doubt that we are headed for a credit contraction. And I think Ben Bernake knows it. I think that is the number one reason he hasnt dropped the hammer on interest rates and made larger increases than the market has expected. Our markets may not seem overvalued, but...

All the 50 day moving averages are moving below the 200 day averages. The russell made a new low today. The only thing that saved the markets today was some put oi in the qqqqs and ibm. If we managed to blow through those supports we could had a vertical decline today. Actually, Im really...

why couldnt it be?

I bet this is the highest volume day on both exchanges ever.

The fed is so scared of having a banking crisis that it can no longer conduct monetary policy. We have an inflation problem that no one wants to take appropriate policy action in order to end. Instead we bow to GS and other companies who make tons of money in a high inflation enviroment while...

anyone know how there shop is doing? I was once up there a couple of years ago and I am curious?