Do you listen to Bozo Cramer on CNBS’ Mad Money show? Long before he became a TV “star,” he and I used to exchange messages and jabs on the Silicon Investor website. Back in early 1999 I said to him, (paraphrased) “For a long time after the tech bubble deflates, cheerleaders you who pump worthless […]
1:45 PM Update: News Break: Some ugliness in credit markets. 3 mo LIBOR (London Interbank Offer Rate) is creeping up to levels close to March 2009. Now US 3 mo bills are sold at 3 mo LIBOR levels – which is at a rate higher than 3 year Treasuries. Translation: liquidity crisis. Looks like it […]
The month of August accounted for zero job growth in the USA.(HuffPo) The U.S. economy added no new jobs in August as the unemployment rate stayed steady at 9.1 percent, the Bureau of Labor Statistics reported on Friday, the most concrete sign yet that the recovery has stalled out and a double-dip recession may well […]
I often get asked about where to invest savings. I express opinions on markets, but I don’t dish out investment advice. i.e. I won’t tell you what to do with your money. I can point to some information that I believe is credible – like this gentleman’s advice on what to do with your money. […]
“Never believe in anything until it has been officially denied” – unknown. After days of denying speculation that Bank of America needs more capital, Bank of America did the expected – it raised capital. No ala carte. They went straight to Buffet and gave him a sweet deal. Uncle Buffet knows that sooner or later […]
Most retail investors are out of stock market in the US. 50-60% of the daily volume is now accounted for by High Frequency Trading (HFT). Many have said this before – the next major crash will be brought to us by the HFT firms.
5:00 PM Update: “Must read” articles on Fed getting Concerned about European bank liquidity problems. WSJ: Fed eyes European banks FT Alphaville: Should the New York Fed be worried about European banks? For us, though, the most interesting part of the WSJ article is its end, which includes some raw data on European banks’ US […]
Happy (Indian) Independence Day! If I were a stock, you could have sold me short last week and made a lot of money. 🙂 Seriously. The markets worldwide appear to have stabilized after last week’s wild gyrations. The impetus has been a) short selling ban; and b) purchase of bonds worth nearly 24bil Euros. Most […]
The other day a listener asked me where do we find reliable information. The answer is to listen to those who will tell you what you don’t want to hear. Here is something I consider as reliable. Sri Kumar of TCW Inc. “QE2 is just I consider it alchemy.. trying to base metal into gold.” […]
Aw.. What a day.. Again! This morning Europe was down big. DOW down 520, S&P 500 down 52 and NASDAQ 100 down 102. SocGen denied that it is facing any liquidity problem. That didn’t stop European indices going down by 3.0 to 5.5 percentage points Add to European bank and sovereign debt troubles, Bank of […]
సోమవారం, ఆగష్టు 8 , 2011 నాడు DOW 635 పాయింట్లు పడ్డతర్వాత, ఆ రోజు రాత్రి అనీష్ చేసిన ఇడ్లి బర్గర్ కార్యక్రమంలో ఆర్ధిక సంక్షోభం మీద శ్రోతల ప్రశ్నలకు నేనిచ్చిన జవాబులు. Audio language: Telugu Date of broadcast Aug 8, 2011 http://media.blubrry.com/mmgl/teluglobe.com/wp-content/uploads/2011/08/QA-with-Mohana-Murali-on-Financial-Crisis-Aug-8-2011.mp3Podcast: Play in new window | Download (Duration: 16:44 — 19.2MB) | EmbedSubscribe: RSS
Podcast: Play in new window | Download (Duration: 16:44 — 19.2MB) | Embed
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This can’t be good (another RED ALERT): The much awaited bounce from extremely oversold conditions has happened yesterday. I was going to say that it might be some sideways action for a couple of weeks and then a slide. May be that’s all the Ben Bounce we are going to get for a while. Brace […]
Faber says: “I think right now the technical picture is so horrible that I would use a rebound as a lightning up opportunity. I think [equities] will move lower… maybe after three months people will wake up and scratch their heads and say now, we know why it started to go down, because maybe there […]
I have been busy all day and didn’t get to follow most of the day’s developments. Wow, what a day on world stock markets. At the end of the day DOW dropped 635 points. More on the market plunge later. At 10 AM Eastern, I sneaked out to join TV9 bulletin live via telephone – […]
Following Friday’s (Aug 5) downgrade of US credit rating, S&P is rumored to set France as its next downgrade target. France’s SocGen and UK’s Unicredit are rumored to be on the ‘brink of disaster’ Europe pledged to use the EFSF to buy Italian and Spain bonds. This puts Germany, the only healthy economy in the […]
