Archive for August, 2009

Bernanke’s Bubble

Aug 30th, 2009 by Joseph Y. Calhoun, III | 1

Warning: Satire Ahead
Four more years! Four more years!
Ben Bernanke’s campaign headquarters erupted in cheers this week as President Obama cast the deciding vote for their candidate after a long summer contest for the Chairmanship of the Federal Reserve.
“As an expert on the causes of the Great Depression, I’m sure Ben never imagined that he would be [...]

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Waiting for the Correction

Aug 27th, 2009 by Joseph Y. Calhoun, III | 0

Interesting comment in this article from the FT:
“Everyone we speak with is keeping powder dry for the stock market weakening next month and during October and I think bond yields are falling ahead of that move,” says Tom di Galoma, head of Treasury trading at Guggenheim Partners.
A correction at this point would be one of [...]

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Bearish Sentiment Rises in AAII Poll

Aug 27th, 2009 by Joseph Y. Calhoun, III | 0

Bearish sentiment rose in the lates American Association of Individual Investors poll (via Bespoke):
According to this week’s survey of the American Association of the Individual Investors (AAII), only 1/3 of investors surveyed are currently bullish, while nearly half (49%) are bearish.  Based on these surveys at least, not everyone is bullish.
Bullish sentiment didn’t budge but [...]

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