Archive for December, 2009

Credit Market Overview
December 16, 2009
With the Dow Jones Transport Index giving back very little of Monday’s 14-month high close yesterday Charles Dow’s theory seems to be hanging tough even after all of these years.
In keeping, then, with the spirit of things that move things and in contrast to the current focus towards purchases that are… »

Credit Market Overview
December 15, 2009
Today is the day!  After over two years of component problems, delivery delays and almost every other snafu that could befall its delivery, Boeing (BA) has set today for the first test flight of its new 787 Dreamliner.  The actual flight should be approximately 4-5 hours in duration taking off from… »

Credit Market Overview
December 14, 2009
With sukuk’s sliding down the slippery slope faster than the shushers on the indoor ski slope in Dubai, the world is taking a good hard look at how their neighbors are fairing as the tectonic rumblings continue be felt more than two years after the credit quake that began in July… »

Credit Market Overview
December 11, 2009
Actions, as they say, speak louder than words so when American Express Co. (AXP) recently bought Revolution Money for $300MM it was a bit of a “Jerry Maguire” moment, only in reverse.  Jerry said “help me, help you” but since Revolution Money has developed an internet-based payment system that cuts costs… »

Credit Market Overview
December 10, 2009
After a really a really bad fall, regardless of whether that comes while skiing, skateboarding, or in my case riding anything with two wheels (both powered and unpowered) the first reaction is an internal systems check.  Can I move everything big: legs, arms, neck; followed by an investigation of less critical… »

Credit Market Overview
December 9, 2009
The possibility grew yesterday of a good-bye for more of Dubai’s debt and although it’s not the sixties, that S&P might say “peace” to Greece’s A- long term credit rating.  For those who watch these things intently Fitch made that move yesterday lowering the country’s sovereign rating to BBB+.  (Isn’t it… »

Credit Market Overview
December 8, 2009
The reality that things might not be horrible forever sent shivers down the spine of the market on Friday as losing only 11,000 jobs (with whatever hocus pocus was needed to pull that number out of the hat) raised the prospect that at some point in the future the Fed was… »

Credit Market Overview
December 7, 2009
In the entertainment business there are people who become an “overnight success” which usually means they have been practicing their craft for many years and the “overnight” part comes when they finally get noticed.
Although not nearly as entertaining as show business the credit crisis has allowed more than a few people… »

Credit Market Overview
December 4, 2009
When he and Bruce Willis are not saving the world from internet terrorists intent on shutting down the United States in “Live Free or Die Hard”, Justin Long spends his time battling John Hodgman to save the world from the other internet terrorist, Microsoft (MSFT), in the long running series of… »

Credit Market Overview
December 3, 2009
The credit crunch crisis of confidence which we appear to be crawling out of even though the debt and equity markets catapulted themselves higher earlier this year could be similarly argued to be a crisis that started in the credit markets which crunched confidence around the world as it could a… »