Archive for July, 2009

Credit Market Overview
July 31, 2009
With the U.S. G.D.P. numbers due out shortly this morning one area where investor’s focus will be drawn other than the stock market will be commodities, those things that are used to make those things that make other things and ultimately make those things a healthy, employed and deleveraged consumer buys.
For… »

Credit Market Overview
July 30, 2009
When the “Cash for Clunkers” concept was first announced in Europe back in April of this year it was seen as a pretty smart way to incentivize a section of the consumer market whose goods definitely fall into the “durable” category and was heralded here as a way to spend stimulus… »

Credit Market Overview
July 29, 2009
While soccer, or football as it is more widely known, might be the world’s sport there are few who don’t associate China and table tennis, or as we Yanks like to call it ping pong.  For those thinking this a phenomenon local to the Middle Kingdom take note the International Table… »

Credit Market Overview
July 28, 2009
When Bear Stearns collapsed into the arms of J.P. Morgan Chase last year there was a sense that the market had just experienced the event that usually results from the bursting of the big bubbles on Wall St.  It became evident a short time later that really big bubbles could have… »

Credit Market Overview
July 27, 2009
It is ironic that one of the biggest factors in whether credit spreads widen or narrow on a daily basis is what happens in the market where spreads are always zero.  That market is the one where the debt of the U.S. government trades and at each maturity point whose yield… »

Credit Market Overview
July 24, 2009
“Deeply oversold, worsening sentiment and positive internal divergences almost always provide the foundation to stock market recovery.”  That was Doug Kass, GP of Seabreeze Partners, a gentleman whose entire career has been focused on short selling and that was him before this week even started as it was from a quote… »

Credit Market Overview
July 23, 2009
The story of “Chicken Little” and his famous proclamation was originally thought to be one of Aesop’s Fables but really got its start in early Africa.  The main tenet can also be traced to Gautama Buddha’s time (600 BC) although the latter tale uses a hare and a lion.  Regardless of… »

Credit Market Overview
July 22, 2009
Towards the end of the 19th and beginning of the 20th centuries there were the Boer Wars, an attempt by Britain to expand it imperialist empire.  If there was any good to those wars it was that a young lieutenant by the name of Winston Churchill made it through alive.
Today, some… »

Credit Market Overview
July 21, 2009
Decried by some as “too small to save” instead of the usual “too big to fail” CIT went into the weekend with prospects that even the “green shootists” would have to call bleak.  A $0.41 stock price and a CDS level of 6430bps are not the things hope is born from.
Jeffrey… »

Credit Market Overview
July 20, 2009
In a week where the market started out staring, once again, into the abyss it evidently did not like what it saw and ran for cover.  Taking with it the bears that that were anticipating, a little too enthusiastically it turns out, the breaking of the neckline of a hoped for… »