Paul Volcker and the Saturday Night Massacre
By Barry Ritholtz - November 29th, 2008, 11:30AM
Very cool little video vignette’s from the NYT and Floyd Norris
click for interactive video
The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. —Jesse Livermore
Macro Notes
US$ at high of day…Peter Boockvar
The US$ is at the high of the day vs the euro coincident with Greek CDS at the wides of the morning by 20 bps to 307 bps following the news this morning. This level is a 2 week high. In sympathy, CDS is wider in Spain, Portugal, Italy and Ireland. Bond yields are higher too and Greek stocks in particular closed down 3.4%. There is also an idiotic rumor out there that the Fed is again going to raise the discount rate after doing so a month ago. While they easily may but likely won't anytime soon, there is...
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November 29th, 2008 at 2:21 pm
Very cool little video vignette’s from the NYT and Floyd Norris
No doubt, let’s hope the NYT keeps it up~