Today in 44 BC…

reblogged from Maria Popova’s Tumblr: As soon as Caesar took his seat, the conspirators crowded round him as if to pay their respects. Tillius Cimber, who had taken the lead, came up close, pretending to ask a question. Caesar made a gesture to put off his request to some other time, but Cimber caught hold…

The Streak

The best thing can happen for the continued advance of the US stock market would be a break in “the streak”.  The streak draws too much attention to even trivial up-days – where the Dow is up barely 5 points but everyone hears the headline about how many new highs we’ve printed in a row…

Jeff Kleintop on Four-Year-Old Bull Markets

Interesting bit of data-mining from Jeff Kleintop, chief strategist at LPL Financial, in noting that the S&P’s 125% advance off the March 2009 lows makes it the second best four-year bull market of all time. Taking that a step further, Jeff looks at the other six bull markets that have made it a through a…

How Wall Street Raped Detroit

What do you get when a desperate municipality run by corrupt and / or stupid politicians meets some of the smartest, most ruthless financiers in Wall Street history? You get fuckin’ Detroit, a city that’s now been ruined and raped twice – once by the decline of American auto manufacturing and then bankers came in…