The Uncertainty Myth
Barry Ritholz destroys the myth that the market hates uncertainty: A closer look at this uncertainty meme reveals it to be a false-ism — one of those emotionally appealing phrases that ping around trading desks. The lack of evidence supporting their premise seems to matter very little. To recognize how meaningless these statements are, consider .. read more
Recycling the Eurotrash
French President Sarkozy allegedly told German Chancellor Merkel that France would leave the Euro if her government didn’t agree to the EU contingency bailout plan. According to a Spanish newspaper, Sarkozy threw a fit worthy of a two year old, slamming his fist on the table, demanding EU solidarity and saying that no European country could be allowed .. read more
More Foreclosures Please
I don’t know what I could possibly add to this excellent essay by Barry Ritholz at the Big Picture. An excerpt: I have been dismayed about the latest actions out of Washington and Wall Street. The banks are now pushing all manner of mortgage mods and foreclosure abatements. These are little more than “extend & .. read more
This Bull is Young
Very interesting graph provided by Barry Ritholz at The Big Picture: I’ve been bullish on this market since last March (Bottom?) and stayed that way through the sideways corrections along the way and I’d love to say that this chart means that it has even more to run…..but I don’t think this means all that .. read more
Payroll Report
The employment report today, despite a negative headline number, actually showed some quite positive data. The unemployment rate dropped to 9.7% and there were other positives as well: Employed rose by 541,000 Unemployed fell by 430,000 Labor Force rose by 111,000 Employed part time due to economic reasons fell by 849,000 Employed part time due .. read more
Ritholz on Compensation
Barry Ritholz has a new book out called Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy which he excerpts today on his blog, The Big Picture: “We’ve come a long way from the days when the man atop the organizational chart made 40 times what the person on the .. read more
