Tag Archive
C.M.O. 6.1.2010
Credit Market Overview
June 1, 2010
With the VIX closing at 40.10 on May 21st and correlation across almost every single asset class locked at 1.0 it would appear that investors are battening down the hatches early for what the National Oceanic and Atmospheric Administration (NOAA) says could be the busiest hurricane season since 2005. The federal… »
C.M.O. 5.24.2010
Credit Market Overview
May 24, 2010
It can be debated whether the Keynesian school of economics is the right or wrong way of managing a nation’s finances but one thing John Maynard said has remained true since the words were uttered. “Markets can remain irrational longer than you can remain solvent”.
With this in mind and in light… »
C.M.O. 5.7.2010
Credit Market Overview
May 7, 2010
After a recent bout of severe headaches and upon the urgent urging of friends and family I have undergone a series of MRI’s, CAT Scans, EKG’s and whatever other test they could throw at me. The results show that the skeptisus and cynicis areas of my brain are enlarged.
For those not… »
C.M.O. 5.6.2010
Credit Market Overview
May 6, 2010
On March 6th of 2009 the intra-day low on the S&P was 666.79. It was not only the low price traded on that day but the lowest price seen for the previous 10 years. The ubiquitous gallows humor on Wall St. made quick work of the three 6’s and their representation… »
C.M.O. 5.5.2010
Credit Market Overview
May 5, 2010
On this day in 1862 4,000 troops in the Mexican Army led by General Ignacio Zaragoza beat of force of 8,000 of French Count Charles Latrille’s soldiers at Puebla in Mexico, winning their independence in the process. That the majority of folks think of today as a marketing gimmick sponsored by… »
C.M.O. 5.4.2010
Credit Market Overview
May 4, 2010
Total Vehicle Sales coming in at over 11MM for April marks the 7th straight month above the 10MM mark, the second with an 11 handle and a marked improvement over the 9MM of April a year ago. Add to this the seasonally adjusted sales rate for 1Q10 was 11MM vehicles and… »
C.M.O. 5.3.2010
Credit Market Overview
May 3, 2010
While the Troubled Asset Relief Program (TARP) and the Term Asset Backed Securities Loan Facility (TALF) were designed to alleviate the severe stress in the financial markets as a result of the seven sigma event known as the Credit Crisis the American Recovery and Reinvestment Act which is not known by… »
C.M.O. 4.30.2010
Credit Market Overview
April 30, 2010
When the Morton Salt company came up with the slogan “when it rains, it pours” it was to tout the fact that its “iodized” product did not cake or clump, regardless of the humidity. Joy Morton, son of J. Sterling Morton, Secretary of Agriculture under Grover Cleveland, came up with the… »
C.M.O. 4.29.2010
Credit Market Overview
April 29, 2010
While there were eleven explicatives uttered during the Congressional hearings on Tuesday one might think there were a few more than that spoken (albeit more hushed) around the EU yesterday as S&P, with its new found conscious, continues its post “We’ll give anything you want a AAA” mantra with its new… »
C.M.O. 4.28.2010
Credit Market Overview
April 28, 2010
Eleven explicative’s, admission of regularly placing wagers outside of licensed gaming facilities compounded by a lack of organization including incorrect attributions along with the fabrication of e-mails to be “found later” and in a majority of cases, a clear lack of understanding of the mechanisms and machinations under discussion, but feed… »
