A much overdue look at the cyclical rally and the reopening story in general the v rally that a lot of people have been hoping for has been inverted theres an inverted v thats actually been happening. Lets start with Energy Stocks marathon, mro. Marathon was 6 at the start of the month. It goes to 9 and back to 6. This is essentially an inverted v. Hess looks the same way. If you look at general electric, it goes from 6 to 9, i believe, and goes back down again to essentially 6 and change, same situation, a v there caterpillar looks the same way united airlines, we watched with our mouth open it goes from 30 to 50 and back into the 30 range, all of this in a few weeks the market cap of citi group goes to 60 and back essentially to 48 thats what im talking about these inverted vs travel and les yoisure, 30 to. Youd think bond proxies would do well in this environment, but not today. They had a modest rise about 10 in the last few weeks, but even they werent safe. The market has voted it
Front of us. We have talked before about Monetary Policy and i havent been a fan as a banker before i was in congress of going beyond the feds initial Interest Rate policies i felt like qe 1, 2 and 3 didnt produce the gdp effects or job increases that perhaps fed policy makers at the time thought. I have also been concerned that as we go back and look backwards now since 2008 that fed officials really have always been a little reluctant to talk about some of the unintended consequences of that, such as distorting the price mechanism in our economy, depressing cap rates for commercial real estate or running up equity prices which i think are a result when you have that, we have flooded from qe 2 into our economy, affecting price earnings, multiples, et cetera today i havent heard any discussion, we talked about the Balance Sheet, we talked about setting Interest Rates but i want to talk a little bit about the money multiplier aspect in your toolbox we flooded the system with reserves bu
Paycheck away from bankruptcy but there are major cities running paralaosly close, as well. The frightening names and numbers ahead. That and more for this halloween, october 31st. Good evening everybody and happy halloween. Its the final trading day of october, a month that historically has not been a very good one for stocks but this year october doesnt look so scary after all. Todays stocks move in a very narrow range for most of the session but traders did get spooked and sold off. In the end the dow was down 73 and nasdaq off nearly 11 and s p fell six but for the month, a good one for the bulls. The dow up about 3 , the nasdaq up four and s p 500 up better than 4. 5 or there abilities and with the month of october coming to a close, the nights are cold, days are shorters and investors are apparently afraid of very little for now. Reporter one by one, the ghouls that might have ruined october for investors were sent packing. Ben bernanke didnt as some expected, the government clos
That and more for this halloween, october 31st. Good evening everybody and happy halloween. Its the final trading day of october, a month that historically has not been a very good one for stocks but this year october doesnt look so scary after all. Todays stocks move in a very narrow range for most of the session but traders did get spooked and sold off. In the end the dow was down 73 and nasdaq off nearly 11 and s p fell six but for the month, a good one for the bulls. The dow up about 3 , the nasdaq up four and s p 500 up better than 4. 5 or there abilities and with the month of october coming to a close, the nights are cold, days are shorters and investors are apparently afraid of very little for now. Reporter one by one, the ghouls that might have ruined october for investors were sent packing. Ben bernanke didnt as some expected, the government closed and reopened and everybody got paid. Earnings a mixed bag with enough treats to balance out the tricks and the economy is okay. Th
That and more for this halloween, october 31st. Good evening everybody and happy halloween. Its the final trading day of october, a month that historically has not been a very good one for stocks but this year october doesnt look so scary after all. Todays stocks move in a very narrow range for most of the session but traders did get spooked and sold off. In the end the dow was down 73 and nasdaq off nearly 11 and s p fell six but for the month, a good one for the bulls. The dow up about 3 , the nasdaq up four and s p 500 up better than 4. 5 or there abilities and with the month of october coming to a close, the nights are cold, days are shorters and investors are apparently afraid of very little for now. Reporter one by one, the ghouls that might have ruined october for investors were sent packing. Ben bernanke didnt as some expected, the government closed and reopened and everybody got paid. Earnings a mixed bag with enough treats to balance out the tricks and the economy is okay. Th