Doug Noland

Prudent Bear

Contributor since: 26 Feb 2010

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• Monetary Policy and the Character of Lending

  Published 19 April 2002 | viewed 3,863 times

  There was certainly no let up in stock market volatility this week, as global financial markets continue in their especially unsettled states. For the week,…

• Lies, Damn Lies, and 'Analysis'

  Published 12 April 2002 | viewed 3,529 times

  Wow, that was one week of wild volatility, interesting divergences, and major crosscurrents. For the week, the NASDAQ Telecommunications index dropped 5%, while the small…

• Pondering Imponderables

  Published 05 April 2002 | viewed 3,257 times

  The specter of war in the Middle East and recognition that corporate profits will remain under pressure weighed on stocks this week. For the week,…

• Terminal Stage of Mortgage Finance Excess?

  Published 29 March 2002 | viewed 4,029 times

  While the major indices moved around considerably, they generally ended the holiday-shortened week little changed. For the week, the Dow, S&P500, Utilities, and Morgan Stanley…

• The Diamond Anniversary of Monetary Disorder

  Published 22 March 2002 | viewed 3,625 times

  It was a less than impressive performance for U.S. financial markets. For the week, the Dow dropped 2% and the S&P500 declined 1%. Economically sensitive…

• Random Thoughts

  Published 15 March 2002 | viewed 3,524 times

  Despite acutely unsettled financial markets, the Dow and S&P500 ended the week with fractional gains. The Transports dropped 2% and the Utilities declined 1%. The…

• Market Dislocations

  Published 08 March 2002 | viewed 3,151 times

  Markets turned chaotic this week. We certainly see this as the beginning of what could be a very problematic dislocation throughout the financial markets, although…

• The Credit Bubble Bulletin

  Published 01 March 2002 | viewed 3,677 times

  Doug Noland is on vacation this week We May Be Wrong, But Won't Say So Yet by Edmund M. McCarthy Edmund M. McCarthy is President…

• The Clan of Seven

  Published 22 February 2002 | viewed 4,034 times

  From today's Wall Street Journal: "The Federal Reserve Bank of New York is examining J.P. Morgan Chase's accounting for commodity-related trades with Enron Corp., according…

• Money, Monetary Policy and the Structure of Debt

  Published 15 February 2002 | viewed 4,500 times

  It was just another "typical" volatile week. For the week, the Dow added 2%, while the S&P500 and Transports gained 1%. Economically sensitive issues (with…

• The Fun is Gone From the Game of Risk

  Published 08 February 2002 | viewed 4,292 times

  It was another wild one, with heightened fears of company financing problems creating a most unsettled market environment. Despite today's big rally, the Dow and…

• Partnoy on Plastic Surgery and Lemonade Stands

  Published 01 February 2002 | viewed 4,419 times

  As accounting issues and the health of the U.S. financial system took center stage this week, the wild volatility affliction made its way to financial…

• Experiment on Top of Experiment

  Published 25 January 2002 | viewed 3,778 times

  Early week selling switched to buying, as the Dow and S&P500 ended the week up less than 1%. Economically sensitive issues shined, with the Transports…

• The Consumer Bubble

  Published 18 January 2002 | viewed 4,913 times

  The reality of a protracted earnings recession took its toll on U.S. stock prices. For the week, the Dow and S&P500 declined about 2%. The…

• Harry E. Miller

  Published 11 January 2002 | viewed 4,094 times

  It almost appears as if a bit of reality is returning to the stock market, as difficult as that may be to believe after the…

• Issues 2002

  Published 04 January 2002 | viewed 3,279 times

  Wasting no time to begin the New Year, stock prices burst out of the starting blocks for what will certainly be another wild ride during…

• Financial Arbitrage Capitalism

  Published 28 December 2001 | viewed 4,912 times

  The year ended with uncustomary relative quiet. For the week, the Dow, S&P500, and Transports gained 1%. The Morgan Stanley Cyclical index added 3%, increasing…

• A Tangled Web We Weave

  Published 21 December 2001 | viewed 4,848 times

  It was another week of unsettled global equity, fixed-income and currency markets, with Argentina falling into acute financial, economic, and political crisis. For the week,…

• The 'Widow's Curse Myth' or Reality?

  Published 14 December 2001 | viewed 5,012 times

  Ominous storm clouds darkened in the U.S. this week, as a faltering equity market and weakening dollar joined a troubled Credit market. Globally, there was…

• Ultimate Discretionary Power of Monetary Policy

  Published 07 December 2001 | viewed 3,915 times

  It was, once again, an extraordinarily unsettled week in the financial markets, with interest rates and equity prices moving sharply higher. For the week, the…