Posts filed under “Markets”

Melt Up!

Those of you who continue to insist you can even remotely forecast what might happen next continue to reveal incredibly foolish, thoroughly disproved beliefs, despite an overwhelming avalanche of evidence that you haven’t the slightest idea what the fuck is going on now, much less what is going to happen next.

Once again, the markets prove that nobody knows ‘nuthin.

Carry on.

 

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Category: Markets

CUBA Herzfield Caribbean Basin

In the announcement of US potentially normalizing relations with Cuba, the $33 million dollar closed end fund “Herzfield Caribbean Basin” — stock symbol CUBA — popped 40%:   click for ginormous chart   Here are its main holdings:   So much for those theories that investors are rational and markets are efficient . . ….Read More

Category: Markets, Psychology, Really, really bad calls

Succinct Summation of Week’s Events 12.12.14

Succinct Summations week ending December 12, 2014   Positives: 1. Average gasoline prices fell to $2.60, the lowest levels since 2009, as Crude Oil continues to crash. 2. U.S. retail sales rose 0.6% m/o/m, better then he 0.5% expected rise. 3. Consumer confidence came in at 93.88, which was the biggest beat relative to expectations since…Read More

Category: Markets

Awesome Oil/Energy Infographic

Fantastic interactive graphic from the whiz kids in the BBRG graphics department — be sure to click through all of the delicious and informative pages of this beastie:   America Is Shaking Off Its Addiction To Oil click for interactive infographic Source: Bloomberg

Category: Markets

Missing Alpha

Category: Markets

Succinct Summation of Week’s Events 12.5.14

Succinct Summations week ending December 5th Positives: 1. NFP came in at 321k far above 230k expectations. This was the strongest month since January 2012 and the best year of job creation since 1999. 2. S&P 500 and Dow Jones made new all-time highs for the fifth straight week. 3. Crude oil fell to the…Read More

Category: Markets

Weak Eurozone

Source: Deutsche Bank Research, The House View, 25 November 2014

Category: Economy, Markets, Politics, Taxes and Policy

Oil-Part 1

Oil-Part 1 David R. Kotok December 1, 2014       Every so often we get a shock from the oil patch. Sometimes the price spikes (1973-4 saw a quadrupling) and sometimes plummets (a drop from $115 to under $70 in this year of 2014). This downward price shock is large enough to force change….Read More

Category: Markets

Muni Mania: A Timeline

Source: Bloomberg Briefs

Category: Credit, Fixed Income/Interest Rates, Markets, Really, really bad calls

Gasoline (Inflation-Adjusted) Since 1980

Source: Chart of the Day From Chart of the Day: As a result of an overall sluggish global economy plus increased global supply, the price of crude oil continues to trend lower. Over the past seven months, the cost of one gallon of gasoline has declined a significant $0.88 (i.e. 24%). Today’s chart provides some…Read More

Category: Cycles, Energy, Markets, Politics