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Notes From Underground: Obama pushes for huge export growth while Geithner...
Friday’s U.S. unemployment data showed that job growth was better than estimated. This is insignificant as long as the FED has signed on to a continued dose of quantitative easing. In the eyes of the...
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Notes From Underground: Short Look at Being Long Russia
Allow me, readers, to journey down the rabbit hole. I believe a major theme in 2011 is that many of the high correlative trades are going to break apart and fundamentals will prevail over mere...
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Notes From Underground: The Unemployment Data Was Almost as Disappointing as...
Friday’s unemployment report revealed that Thursday’s ADP data was, again, a “FALSE POSITIVE.” The 157,000 ADP gain failed to show in the BLS numbers and all the Wall Street economists were caught off...
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Notes From Underground: FOMC Minutes (Upon Further Review)
Tonight will be all quick hitters as the big news is sparse, to say the least. The Fed released the minutes of the September FOMC meeting. Besides discussing the idea of QE3, the most interesting read...
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Notes From Underground: Christine Lagarde, the Markets Turn Their Lonely Eyes...
The European debt markets were thrown into further chaos today as the German/Italian 10-year notes spread blew up. In cash terms, the move was a widening of 58 basis points while in futures prices the...
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Notes From Underground: In the Battle of the European Balance Sheet Bulges,...
Almost 67 years ago, U.S. General McAuliffe told the German command that the U.S. forces at Bastogne would not surrender and actually said it in a one-word response: NUTS. In a parallel response to...
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Notes From Underground: S&P, The Insider’s Trading Edge
It is startling to think that the S&P downgrades could have any sort of effect on the markets. The sovereign debt markets have been telling those who are attentive that not all countries in the...
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Notes From Underground: Schaeuble Proves Why 2+2=5
In the realm of loving and promoting the irrational over the rational expectations of the MODEL BUILDERS, there is no better poster child than German Finance Minister Wolfgang Schaeuble. As I warned...
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Notes From Underground: A Slow Weekend News Cycle
In a weekend of very little financial news the biggest story becomes the announcement by Deutsche Bank that its plans to raise 8 BILLION EUROS ($11 BILLION) in new capital to shore up its balance...
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Notes From Underground: Yellen, Draghi and the Markets … Playing Those Mind...
In the midst of a dramatic seven-day bond selloff, extending from Tokyo to Frankfurt, London, New York and all bond markets in between, Chair Yellen chose today to add verbal fire to stoke the bond...
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Notes From Underground: He Goes Running For the Shelter of His Mother’s...
(Larry Summers had to run to his medicine cabinet to take Prozac (not Diazepam as in the Rolling Stones song) after he read the G-20 communique. The finance ministers and central bank heads meeting in...
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Notes From Underground: The Hokey POLLkey
You put your left poll in, you take your left poll out, you put your right poll in and you shake it all about … and that is how you get the hokey POLLKEY. The markets are moved by the cacophony of...
View ArticleNotes From Underground: German Elections. The Sound of Complacency Shattering?
I will start tonight’s BLOG with two very good comments from a long time reader and contributor GREEN AB who hails from Germany. Green has always provided great insight and though we don’t always agree...
View ArticleNotes From Underground: Trading Strategies For An Automated World
Yesterday, I sat down with the group TOPSTEP TRADER to discuss ways I prepare to trade. Topstep is a private group that educates/prepares potential traders for a profitable existence. As the fourth...
View ArticleNotes From Underground: Things Are On the Boil
There are so many things causing angst in the global markets. There was news out of France on Thursday that the government was recalling its envoy to Rome because Italian politicians met with the...
View ArticleNotes From Underground: In the Battle of the European Balance Sheet Bulges,...
Almost 67 years ago, U.S. General McAuliffe told the German command that the U.S. forces at Bastogne would not surrender and actually said it in a one-word response: NUTS. In a parallel response to...
View ArticleNotes From Underground: S&P, The Insider’s Trading Edge
It is startling to think that the S&P downgrades could have any sort of effect on the markets. The sovereign debt markets have been telling those who are attentive that not all countries in the...
View ArticleNotes From Underground: Schaeuble Proves Why 2+2=5
In the realm of loving and promoting the irrational over the rational expectations of the MODEL BUILDERS, there is no better poster child than German Finance Minister Wolfgang Schaeuble. As I warned...
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