I took a walk around the neighborhood yesterday afternoon, it was sunny and we’ve been pretty hands off with this market since before Halloween. I was struck by the amount of personal possessions that had been destroyed and left on the street – still there 12 days after Sandy. Furniture and clothing and appliances and…
November 2012
US Government Spending Visualized
Source: Demonocracy
The Largest Head and Shoulders Top in 100 Years?
Chart.
The Fiscal Slope (and other things people say to sound clever)
Let’s not make this more complicated than it already is – this is a Fiscal Cliff at the current moment. It is not a Fiscal Slope or anything gradual.I actually wish they’d call it a Fiscal Brick Wall because that’s what it will actually act as upon investable assets. If there is no compromise the…
Clips from Today’s Fast Money
Video.
Wall Street’s Ground Game Continues
I read somewhere that 70% of financial advisors were backing Romney this fall. That makes sense given his stance on investment taxes and high income earners’ tax rates. But he lost and now The Street has to deal with that. Or do they? I have a few quotes in this story for CBS News… Indeed…
Recession Call Blowback
To be clear, I don’t make recession forecasts (as I do not think I am qualified and there isn’t much value in it anyway). But we are constantly monitoring economic data and assigning probabilities based on it.
Clips from Today’s Fast Money
Video.
Introducing Side Street at TheStreet.com!
I’ve been working on this project for a couple of months now and I’m thrilled to see it finally go live. Side Street is a blog at TheStreet where I’ll be showcasing a different blog post each weekday from my favorite investment and trading writers on the financial web. My introduction was published there this…
The Onion’s Stock Watch
Cartoon