Oh sure. This should end well!
SOURCE: http://www.bloomberg.com/news/articles/2015-06-30/hidden-china-stock-debt-revealed-in-online-loans-at-22-interest
Who is saving who?
WHO IS SAVING WHO? Most everyone is forgetting the most important laws of lending. When you owe small amounts, it is your problem. When you owe gargantuan amounts that will never be paid back, it is the lender’s problem! So who is saving who? The simple fact is that this is a problem for the…
It’s never bad until the markets say otherwise!
“It’s never bad…until markets say otherwise!” Looks like it may be time to roll out our mantra that we used during 07. You remember the line. We used this line time and time again to describe the debt and leverage in the system in the leading up to the 08 crisis. Back then, we were…
What are we supposed to do, you moron!
A little comedy. It just may be needed! RIP Chris Squire! The bass guitarist and co-founder of my favorite rock band, Yes, passed away at the age of 67. Those who read this column and listen to my radio show know how often I have written and talked about Yes. We would love nothing…
Travel hell!
5 hour delay…got to hotel room in NYC at 2 am. Never got to sleep as I had to be up at 530. Was woried about the Seinfeld episode where the wake up alarm did not work. Did a fabulous 2 hours with Maria Bartiromo. Will have a lot to say about markets and Obamacare…
Hate to say it…more of the freakin same! But continue to watch the Transports!
More of the same. Market edges up. Market edges down. But the same areas that have been weighing on the market…continue to weigh on the market. You know the list because the list has been out there for months and months but the one area that continues to gnaw at us is the Transports. The…
There is no bubble!
Bluebird Bio (BLUE)…very little sales…lost $65 million in past year…does its 3rd secondary offering in past 12 months. Market cap a measly $5.7 billion.
What happened to yesterday’s report?
We forgot. We actually forgot to write our market notes yesterday. We would like to say we were in important meetings…or something kept us away from the desk. Nope. We just forgot. Not much has changed. Even with the move out in range for a few major indices, other major indices remain range-bound. The DOW,S&P…
Improvement But…
“IMPROVEMENT BUT…” By Gary Kaltbaum-6/22/15 @GaryKaltbaum garyk.com For the hundredth time, the Knicks will win the NBA championship before the fed raises rates. Greece…when a ton of your government spending is for early- retired government workers who make up a large part of total workers, you have no chance. When will they realize the best…
And the good news is…
BIOTECHS on breakout here. We have told you this is the most important group to the market right now as it is the RISK ON group. The NASDAQ edges out to all time highs. FINANCIALS continue to have the relative bid. The SEMIS held the 50 day average nicely. Regardless of all the bearish areas…