Category Archives: Uncategorized

By now, you’ve certainly seen that the KBW Bank Index fell 20% yesterday. That’s a crash in one day. If you like a market that takes care of business in a hurry, this one’s for you. Amid the calls that such a dump on Inauguration Day means that fledgling President Obama is not up to […]

Need a break from the breathless media coverage of tomorrow’s big event? Here’s a level check from yesterday’s Kelly Letter end note: Let’s hope Team Obama does as good a job as Team Reagan did back in the early 1980s. When Reagan took office, unemployment was passing 7% on its way to 11% in late […]

It’s always important to keep time frames in mind when investing and/or trading, but has been especially so in the past year. Against the bigger trend down, the market has produced spectacular rallies in various sectors, commodities, and currencies. Whenever an analyst provides a market forecast, it’s assumed to mean the long term but people […]

When, oh when will we get somebody competent in charge of the ever-growing Department of Bailouts? If you’ve been following this sorry show, you know that Bank of America was stupid enough to buy Countrywide and then stupid enough to follow it by buying Merrill Lynch. Both are disasters, and now because it bought two […]

The yen is rising. The CurrencyShares Japanese Yen Trust (FXY) is up 23% in the last five months. It dropped 6% from mid-December to a week ago, but rebounded that same amount in the last week. Plot the FXY and the Nikkei 225 together and you’ll see a contrary image. Since mid-August, here’s how they’ve […]