Oil Rally Taking a Pause?

| Leave a Comment

Its worse in Europe than here in the U.S. Industrial production dropped 1.9% in a particularly cruel April, nearly double the 1% drop that was expected. First quarter GDP… Read more

Read more

IEA Revises Oil Demand Numbers: Good News for Investors?

| Leave a Comment

The International Energy Agency (IEA) reported that demand for oil is picking up. Instead of the 3% drop in demand, the IEA says that it now expects demand to… Read more

Read more

New Form of Mortgage-Backed Security Losses Ahead

| Leave a Comment

"The worst is to come…"  
That’s what MetLife’s (NYSE:MET) Chief Investment Officer Stephen Kandarian told Bloomberg this morning.  
He was talking about commercial mortgage defaults. He notes that "[t]ypically… Read more

Read more

How Bernanke and Geithner String Along the Rally 24/7

| Leave a Comment

Bravo. The government’s handling of the financial crisis and recovery should be recognized as a masterful performance. At least, so long as you don’t look too deeply into the… Read more

Read more

C and WFC “Profits” in Question

| Leave a Comment

I don’t like to accuse people of lying. Those are fighting words. But after last night’s 60 Minutes interview with Fed Chief Ben Bernanke I am compelled to say… Read more

Read more

Financials Lead: GS, KEY, FITB Up

| Leave a Comment

No sooner do I say that the news cycle is turning negative, we get some significant upgrades in the financial sector. Goldman Sachs (NYSE:GS) got an "outperform" rating and… Read more

Read more

Bernanke and Geithner Comments Conflicting

| Leave a Comment

Yesterday, Ben Bernanke told the House Budget Committee: 
"In recent weeks, yields on longer-term Treasury securities and fixed-rate mortgages have risen…[t]hese increases appear to reflect concerns about large federal deficits…" 

Financials AXP, JPM, WFC, C All Lose Steam in Trading

| Leave a Comment

Russia is grumbling. Seems they are not happy that rising debt, slow growth and record Treasury bond sales are dragging the U.S. dollar down. In fact, Russian president Medvedev… Read more

Read more

Travelers (TRV) replaces Citigroup (C) on Dow

| Leave a Comment

Perhaps you’ve heard the phrase "the sins of the father shall be visited on the son." Well, here’s a case where that’s definitely not true:  
Yesterday, The Travelers (NYSE:TRV) Read more

Read more
To top