Asia started weak (again), not China, but the Nikkei (-1%) and HSI (-1%). China actually performed better (+2.27%) with dealers quoting the off-shore FX weakness as a consequence. The yuan (off-shore) lost around 1% to close at a low of … →
QUESTION: Marty; I am curious what you thought of the Big Short especially since you are the one who got the timing right to the day. In markets, I do not have to tell you that being too early is … →
Hillary’s big money comes from NY bankers. Guess what? Hillary is defending the bankers as is her husband. Hillary claims she would endorse an approach that would break up large banks if they take excessive risks. That is very vague. However, Hillary … →
Certainly, the markets were a lot more sedate today than they were on the first day of 2016! All eyes were on China after yesterday’s exchange close and initially, we did see a rather depressed (-2.6%) open, but only to … →
Prime Minister David Cameron shows how politicians are really cross dressers. Just because he is the head of the Conservatives does not mean that he is conservative. Cameron told the press that he will raise everyone’s taxes UNLESS the government … →
The NSA has been caught taping conversations between Capitol Hill and Israel. Glenn Greenwald reported that the “NSA under President Obama targeted Israeli Prime Minister Benjamin Netanyahu and his top aides for surveillance. In the process, the agency ended up eavesdropping on ‘the … →
Donald Trump slammed Hillary Clinton, who is championing the disarmament of America, by challenging her by saying bluntly that if guns do not keep people safe, then Hillary should travel without armed bodyguards to prove her position.
China is taking a unique approach to regulating markets. They are looking to impose a tax or fee per order to prevent traders from flooding exchanges with orders they don’t fill by charging market participants fees for habitual cancellations. This … →
QUESTION: Marty, at the WEC you said the Dow would go down in the first quarter. How far do you see this going this time? ANSWER: We elected a monthly Bearish Reversal at year-end and closed lower than 2014. The … →
