The Markets Traders have a lot to digest this morning. Major companies have reported over the last several days and the signals are mixed, to say the least. Now it will be encumbant for investors to separate the weak from the strong, the strong from …
All posts in Madoff
Little Good News
The early trade looks awful. Bank stocks are getting crushed overseas. Barclays is laying off 2,000 today after dismissing the same number yesterday. Citi, whose largest shareholder is now the US government, is trying to reinvent itself and the market hates it. JP Morgan is …
Made Off
The skeletons from Bernie’s fraud keep popping up. At least two suicides can be attributed to the scheme. Pension and private funds from around the world have been devastated with little hope of recovery. As I said in an earlier piece I feel this event …
Good Morning. Futures are pointing to a moderately positive opening. We may be getting a Santa Clause rally both before and after Christmas. The TED spread indicator on Bloomberg.com: Investment Tools again appears to be improving. Remember that a ratio of 1.40 to 1.60 indicates …
Front Running
Wednesday, 9:30pm More on Maduff. It turns out I had most of it correct. But I missed the front running part. When we handed off an order to Maduff he would own it. In other words it was off our books and on his. So, …
Roadblock and Ponzi
Forgive the late post; we have had a hellish road trip to Connecticut and Boston, rain all the way. A remarkable market performance today. It overcame huge odds. The bullish sentiment I have been picking up has been felt. Gold is on a tear, although …