Month: April 2009

Markets trying to breakout of a trading range that has had the feel of a rally but simply more of a transactional spin to it. The big banks which used to be big brokerage are arbing the welfare elements from the G and those conditional opportunities that leverage brings in the forms of informational edges…

Spinning straw into gold has hit bank financial reporting. Earnings of the major banks reflected changes in income by use of Credit Value Adjustments. Believing any data from Citigroup or Goldman is much like the old Wood Allen joke. A man speaking to a doctor confesses, “Doc, my brother is crazy, he thinks he’s a…

Indexes have continued to find modest pricing and short covering in sadly thin advances. While the numbers look strong in terms of percentage gains , the technical price characteristics are dismal. This week has all the elements for a ‘pump and dump’ top as professionals begin to liquidate, preferably on new highs, portions of trades…

Markets will try to move ahead this week in the midst of earnings reports and other data. The liquidity stew is brewing thinly traded ranges created in large part by the panic liquidations of Feb and March. As posted before, it does not take much to rally these markets as pricing appears. Collective technical price…

Market rally is seeing the buying of weak hands by those not willing to pick a bottom earlier in the last week of Feb and first week of March. This is exacerbated by the lack of selling environment and news of easier mark to market rules for banks. These types of rallies are ok when…