"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •10 mins | 1,800.20 | -5.00 | -0.28% |
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Platinum •10 mins | 938.80 | +2.30 | +0.25% |
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WTI Crude •10 mins | 90.27 | -0.49 | -0.54% |
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Gasoline •35 mins | 2.872 | -0.014 | -0.48% |
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Ethanol •5 hours | 2.161 | +0.000 | +0.00% |
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Silver •10 mins | 20.61 | -0.01 | -0.04% |
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Silver • 10 mins | 20.61 | -0.01 | -0.04% | |
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Copper • 10 mins | 3.569 | -0.018 | -0.50% | |
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Brent Crude • 10 mins | 96.17 | -0.48 | -0.50% | |
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Natural Gas • 18 mins | 7.660 | +0.071 | +0.94% | |
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Heating Oil • 15 mins | 3.189 | +0.010 | +0.32% |
Markets
Chips and Dips
Thus far, it is a typically volatile "triple-witch" option-expiration week. The NASDAQ100 traded in a 3% intra-day range Monday and 4% yesterday and today. At the same time, the sellers…
Mid-Week Analysis
Storm clouds appear more ominous by the day. Both home and abroad, financial markets are becoming increasingly unsettled and we would argue vulnerable. So far this week, the Dow has…
There's a New Sheriff Making His Way to Town
"The modern world, however, boasts of the extent of its manipulation of "credit facilities," and announces that one unit of actual coin or convertible currency can be made to support…
The Spectacular Rise and Fall of Equity Mae
Alan Greenspan must be darn pleased with himself. Broad money supply has surged $112 billion in three weeks ($21 billion last week), bank credit has increased $61 billion in three…
Fifty Basis Points to Sustain the Unsustainable
The session (House Banking Committee on the LTCM Bailout, October 1, 1998) began with Representative James A. Leach, the Iowa Republican and committee chairman, criticizing hedge funds such as LTCM.…
'Crisis Management Reliquefication Mode'
When pondering the possible emotions experienced by Wall Street executives after closing out another tumultuous year, I couldn’t help but remember a Saturday Night Live skit that aired shortly after…
To the Brink
It was certainly an active week on the credit front, with disconcerting news from some prominent credit problem children. Clearly, strong evidence abounds as to how rapidly the general environment…
All Eyes on The Greenback
A dramatic collapse in interest rates continues, with yields generally dropping to the lowest levels since early 1999. For the week, two-year Treasury yields declined 8 basis points to 5.37%,…
How Could Irving Fisher Have Been So Wrong?
"For too long, financial creativity has been lavishly rewarded. For years, the most aggressive money managers have achieved the greatest success, while accumulating enormous assets under management. The most aggressive…
The Return on U.S. Assets
It is our definite view that the U.S. financial system is in fact at the epicenter of the developing crisis, and one simply cannot overstate the momentous ramifications for the…
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