Category Archives: bond market forces US debt reduction
Big Picture: Warning: The mini greedometer (tactical risk indicator) is displaying readings previously only seen when the S&P500 was within 5% of a secular (long term) top. The greedometer (strategic risk indicator) is approaching dangerous risk levels as well. There is very little upside and a great deal of downside to risk assets (stocks, junk bonds, commodities, REITs) at this time. A much more […] Read the rest of this entry
Strategic Indicator: Greedometer Last week, the greedometer registered 5400 rpm, a respectable but not unexpected jump from the previous week 4800rpm. And with that, we have the end of the year-end rise in the greedometer. The 2011 set of greedometer readings resemble that of 2007. Indeed, both years saw the last or second to last week finish with a 5400rpm reading. Uncanny. And foreboding. (the […] Read the rest of this entry
Today, the IMF stepped into the fray to arrest the creeping financial system melt-down in Europe. The ECB refuses to ramp-up lending to its own, so the IMF is putting everyone’s money at stake instead. Let’s see…. European banks are being supported/ bailed out by their national governments. These national governments are being further bailed out by the supranational entity- the European Central Bank (ECB). The ECB is hitting […] Read the rest of this entry
Having been glued to the websites of Reuters and several others this weekend, several tactical plans were developed and disseminated to clients before Asian markets opened last night. Again, these were tactical tweaking, not strategic in nature. As of late morning, our portfolios were solidly in the green (up nearly 1%) while the Dow flirted with a 400 point drop. No tactical tweaking needed […] Read the rest of this entry
On Tuesday the US Congress passed a bill to address the budget deficit. The plan calls for $900B in deficit cuts, and $1.5T in additional cuts to be found by a bi-partisan committee by the end of the year. This is a sham! • As miniscule as this is, most of the cutting is going to happen in the later years. • $25B in […] Read the rest of this entry
NAPFA