Weekend Reads
The news has been all about the scandals in Washington this week, as if the normal level of blaming and bickering just wasn’t enough. Meanwhile, stocks melted lower in the second half of the week… it’s not much, but it’s apparently what counts for a sell-off in this year of seemingly unflagging market gains. Next […]
Black Gold, Texas Tea, and Brent Bubbly?
The story of the last few years in oil has been the growing spread between WTI and Brent crude, and the effect that’s had on the futures markets for both. The tide seemed to be turning decisively in Brent’s favor, but if the recent trend is any indication, that may not be the case for much longer.
That’s Not a Sell-Off, THIS is a Sell-Off
Only a couple of days after we reposted a chart from Stocktwits comparing the Nikkei rally to the Dow’s climb over the last year, and suddenly things have turned very sour for the Japanese market. It may only be one day’s hiccup in a long climb, but the Nikkei is making the Dow look downright tame by comparison.
Gensler’s MF Global Getaway
As MF Global continues unwinding at the speed of bureaucracy, new pieces of information have been few and far between. But this week, the Inspector General of the CFTC released a report examining the CFTC’s oversight and regulation of MF Global, and it’s not very flattering for CFTC Chairman Gary Gensler.
That’s not a Rally… THIS is a Rally
We were reminded of the old “That’s not a knife” line from Crocodile Dundee when taking a look at the Nikkei vs Dow chart put up on StockTwits today. While the move in the Dow has been impressive, those in Japan are likely saying something along the lines of “that’s not a rally” as the move in the Nikkei (black line) is approaching ludicrous speed.
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