ManyPeaks.com

Thanks to long-time financial blogger Charles Kirk for rehashing these quotes from a legendary trader..  I relate most to the final point.  That’s precisely how Teewinot has kept losses to a minimum during 2008’s destructive market action.  Client accounts are basically breakeven for the year.

“If a betting game among a certain number of participants is […]

John Carter, proprietor of TradeTheMarkets.com is one source.
In tonight’s (free) missive, he makes an interesting point regarding the Treasury Bond market, Fed, and yield curve. It’s in the 2nd half of the 4-minute video.
An interesting — and semi-conspiracy — theory that just might be correct. He’s basically saying that if long-term interest rates in […]

This bond insurer saga is quickly growing old. Now even the most vocal ABK/MBI short seller is proposing “solutions.” Of course like the others, it basically involves shifting around assets, liabilities, and cash flows in fun & creative ways.
The New York insurance regulator doesn’t like this plan because it’s “bad for the banks.” […]

Wednesday’s market news was dominated by a hot reading in the United States government’s monthly CPI report, and speculation about its effect on the FOMC’s interest rate reduction campaign.
As most readers know, I reside firmly in the “CPI is baloney” camp, although it is tough sharing the philosophy of a grown man sporting a mullet […]

Bear markets are tough to trade. You obviously want to participate on the short side, but until Bernanke cut rates 1.25% over 8 days last month, I was always concerned about the high risk of being heavily short overnight.. and walking into my office one morning to the disaster of seeing S&P futures up […]

The government’s Non-Farm Payrolls report showed a drop in employment for the first time since 2003. Another confirming indicator that the path of least resistance is down, both in the economy and — for now — the stock market.