Keith Fitz-Gerald's Blog

Unemployment rises and the markets rally in early trading

This is a total disconnect from reality. The jobless rate rose to 9.6% and the so-called underemployment rate rose to 16.7%. My fear (and my instincts) tell me that the markets are setting up for a massive short attack. Mind your stops, but more importantly get your buy list ready. If things do drop, it's time to go shopping. … [Read More...]

SEC investigates quote stuffing

More than three months after the May 6, 2010 "flash crash", the SEC is apparently investigating "quote stuffing" a practice in which unusually large numbers of shares are listed for sale or purchase for fractions of a second before the orders behind them are canceled. At issue is whether or not the practice puts some investors at a disadvantage by distorting prices and whether or not "quote stuffing" … [Read More...]

Lenders making home buyers jump through hoops

According to various sources in the news, sales of existing homes at 15 year low in June yet mortgage apps are up substantially - what gives? This says to me is that more people are failing to get loans despite increasing numbers of applications. It also suggests indirect confirmation that the banks have plenty of cash and they're still not giving it out - something mortgage brokers tell me confidentially … [Read More...]

White House white wash and the yield curve

There's a lot of talk about the yield curve lately. Steep curves usually signal growth since investors demand more for their money longer term in exchange for the risk of increasing inflation. Flat curves generally signal contraction and very little fear of inflation. So why is the White House thrilled to have a steep curve yet almost no inflation? Here's what the Ministry of White Wash isn't … [Read More...]

Bond yields could fall below 2% and even hit 1%

Generally poor economic news has sent many investors right over the edge and into Treasuries. This has pushed yields to new lows and, not illogically, led many investors to conclude the bond markets are a huge bubble ready to burst. But here's the thing, with rising unemployment, falling manufacturing, weak consumer spending and additional economic foibles, I believe we could see yields on the 10 … [Read More...]

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Unemployment rises and the markets rally in early trading

SEC investigates quote stuffing

Lenders making home buyers jump through hoops

White House white wash and the yield curve

Featured Posts

Unemployment rises and the markets rally in early trading

SEC investigates quote stuffing

Lenders making home buyers jump through hoops

White House white wash and the yield curve

Bond yields could fall below 2% and even hit 1%

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