Bailout and Financial Crisis News

Beyond the headline market rebound, Arthur Hill at StockCharts.com makes the following observation, which emphasizes the strength of this rally: NYSE and Nasdaq breadth continues to expand and back up the current rally. From the breadth charts page at Stockcharts.com, we can see the NYSE AD Line ($NYAD) and Nasdaq AD Line ($NAAD) moving sharply higher [...]

From The Telegraph: China has succumbed to hubris. It has mistaken the soft diplomacy of Barack Obama for weakness, mistaken the US credit crisis for decline, and mistaken its own mercantilist bubble for ascendancy. There are echoes of Anglo-German spats before the First World War, when Wilhelmine [...]

A feeling of calm and optimism is pervasive in the market right now. The economy seems to be rebounding, and there are few near-term event risks. As such the market has been drifting higher of late — not in dramatic fashion — but it has been with ease. The week ahead will give us some new housing [...]

We all know that the market has had a rough few years, but new research from Bank of America Merrill Lynch suggests that stocks have been producing  disappointing returns for much longer than that. Fifty years in fact. BofA-Merrill chief US equity strategist David Bianco found that when you adjust for inflation, taxes and trading [...]

While the United Kingdom is having its own unemployment problems, there is one easy way to get a job: be Polish. The Telegraph reports of a meat packing plant which supplies a Walmart subsidiary refusing to employ individuals on its production line unless they speak Polish. The company has since backed off from their stance, but [...]

There is an interesting PBS series titled “Your Mind and Your Money,” with an extensive section on Behavioral Finance. There is a full run of video discussions with the likes of Daniel Kahneman of Princeton (Prospect Theory), Richard Thaler of University of Chicago (practical implications of behavioral finance) and Robert Shiller of Yale (How psychology impacts [...]

Had the idea of a government plan to shift the clocks back and forth twice and year been proposed today I am reasonably certain that I would have been against it.  I probably would have argued that it would be chaotic, inefficient and unnecessary (private firms could agree with their employees to change working hours [...]

This will be a busy week with two key housing reports released on Monday and Tuesday: Builder confidence and Housing starts. On Monday, the Fed will release the February Industrial Production and Capacity Utilization report at 9:15 AM ET. Expectations are for no increase in industrial production, and a slight decrease in capacity utilization (snow [...]

Julian Robertson was recently interviewed by New Zealand’s Dominion Post. In the interview, the retired Tiger fund manager bashed Forbes’s Billionaire list and Obama. On Obama he says: “Obama, from all I read, thinks that on every occasion that he is the smartest person in the room. And I think he often probably is, but you can’t run [...]

Matthew Yglesias: Palin, the Right, and the Politics of Ressentiment: Via Brendan Nyhan, a great example of conservative weirdness from Noah Schachtman’s Andrew Breitbart profile: The stories don’t even have to be true…. Big Government’s Michael Walsh put together a list of the top stories the mainstream media missed in 2009. Number four: Sarah Palin’s claim that [...]

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