SPX: Flat for the Year

Congratulations!

Your investment returns Year-to-date are = 0.00%

Be sure to thank your friendly "Fed-Model-says-stocks-are-cheap / Sub-prime-doesn’t-matter / Valuations-are-reasonable / Buybacks are great / Consumers-are-fine / Earnings-are-great / there-is-no-inflation" perma-bull for all their great advice.

Spx_ytd_07

Enjoy your Thanksgiving!

Category: Investing, Markets, Psychology, Valuation

Today’s WTF Headline: Festive Consumers

Category: Consumer Spending, Psychology, Retail

Breaking the Business Week Cover Curse?

It’s A Low, Low, Low, Low-Rate World. No, really — it is. The yield on the 10 Year was under 4% this morning — briefly kissing 3.99%. You may be noticing about now that this lies in stark contrast to our prior discussion of Rates and the Magazine Cover Indicator (for more on the magazine…Read More

Category: Contrary Indicators, Federal Reserve, Financial Press, Fixed Income/Interest Rates

David Einhorn on Credit Agencies

Category: Corporate Management, Credit, Derivatives, Real Estate

The Abysmal Track Records of Moody’s, Fitch and S&P

Category: Credit, Derivatives, Real Estate, Taxes and Policy

Quote of the Day: Dick Green

Category: Credit, Economy, Financial Press

The Modern Art of Sub-Prime Debt

Category: Credit, Derivatives, Finance, Psychology

FOMC Minutes

Category: Economy, Federal Reserve, Inflation

Top 10 Online Financial News & Information Destinations

Category: Digital Media, Financial Press, Web/Tech

Fannie Mae: Ouch!

Category: Corporate Management, Credit, Derivatives, Earnings, Short Selling, Technical Analysis, Trading