Warning: Not for the faint of heart.
Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today on the rising gas prices across the country:
 
“Independent reports confirm that speculators are driving up the co…

Would you support a war against Iran if you knew that:

Iran has one of the largest Jewish populations in the world, and the second-largest in the Middle East behind Israel

Jews are protected by the Iranian constitution, and are guaranteed seats in …

NYSE volume was the 3rd lowest of the year so far (while ES was just below average) as stocks leaked lower all day to small net losses by the close. Financials led the drop in stocks as they start to catch up the credit market weakness we have been poi…

WTF Did All That Printed Money Go?
Courtesy of Lee Adler of the Wall Street Examiner

Normally when we think of printing money, we are talking about the Fed buying Treasuries, or some other securities from the Primary Dealers. The PDs then take th…

The S&P 500 has had the best start to the year since 1997, and Gas Prices are accelerating rapidly. Two interesting analogs may be useful to think about the next moves in these markets and whether we see divergence.

S&P 500 2012 performance (…

While Iceland is now known as the country that is the closest earthly approximation to banker hell, it is safe to say that Greece is the terrestrial equivalent of banker heaven. Because as explained earlier today, the country’s population is about to g…

While the record corporate profit bonanza (if now declining) is still the fallback argument for any bearish allegation that the only reason why the market is up 20% in 3 months is due to $2 trillion in liquidity dumped into markets by central banks, th…

‘All is not resolved’ is how Morgan Stanley’s Arnaud Mares begins his latest diatribe on the debacle that is occurring in Europe. While a disorderly default seems to have been avoided (for now), the Greek problem (as we have discussed extensively) rema…

Just because it is a nice, round, and very symbolic number…

Somehow out of the blue, the strangely morbid yet delightfully Hollywood-esque story of Greek modern day Robin Hood Vassilis Paleokostas re-emerged today. Which, considering the latest developments out of Greece is probably oddly appropriate: if there …