Category Archives: Markets

Market rallies on higher oil prices

Today the broad markets are rallying on higher oil prices and lower treasuries. Earlier I mentioned that the opposite was taking the market lower. I’ve said it a zillion times before, and I’ll say it again. Higher oil prices make … Continue reading

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This is going to hurt…a lot

http://finance.yahoo.com/echarts?s=^TNX#chart1:symbol=^tnx;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined That’s the maximum history for that chart. The 10 year yield has never been below 3%. Today, we didn’t just flirt with less than 3%….we crashed below 3%. This is epic, and nobody is saying anything because it didn’t … Continue reading

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Covered my shorts

Covered my short positions today and started buying a little here and there. I bought both some MS and MSFT. MSFT based on a dirt cheap valuation. It’s yielding 2.97% and no, they’re not going to cut their dividend. I’m … Continue reading

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GE riskier than Google?

You might not think so, but the options market thinks otherwise. Look at the front and back months volatility on GE and GOOG. GE has higher implied volatility….

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I knew something was off

Previously, I said that Monday’s huge 1 gajillion point up move didn’t feel right. Well, my hunch was dead on. We’re going back to the lows to test them. Either we test them on lower volume than before, reject the … Continue reading

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On Angels and Bounces

Saw the Blue Angels this weekend as part of San Francisco Fleet Week. Actually, saw them twice — Saturday and Sunday. They were pretty good and did more picturesque flying than I remember them doing before. They made all kinds … Continue reading

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Told you so! Told you so!

Anyone who knows me knows that I’ve been predicting this market bloodbath for about a year now. It should have started a long time ago and lasted a lot longer. Instead, we’re getting all the drops in a few days … Continue reading

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