Today may have been an inflection point -- the market saw the media celebration over consumer confidence, but listened to Bob McTeer.
There's lots of happy-talk about recovery. But we still say the NASDAQ is fighting the tides of value, risk and history.
Wall Street may have already made up its mind, but Greenspan's careful signals mean a shift into neutral tomorrow is no better than a 50/50 proposition.
Don't kid yourself that S.1940 is about earnings transparency. It's all about hidden taxes.
A recovery may be just beginning. Now let's hope the Fed doesn't fight inflation that's not there -- again!
The economy is supposed to be recovering. So why isn't Intel?
How come the yen is surging just when the BoJ promises to reflate?
Recovery? Maybe so. But buyer beware: that's not the same thing as expansion.
Stocks have been in a violent trading range -- valuation risks still cap the upside, and eternally springing hopes for a "V" recovery provide the floor.
At last the stars are aligning for deflation relief in Japan. That should spell more trouble soon for JGB's.