Market News

ECB and IMF lift spirits. One Question: Who backstops the backstop?

I recently succinctly summarized my view of stocks with the Wily Coyote analogy. I got one very good succinct comment, and I am paraphrasing; I agree with you Jack but you have missed a lot of profit along the way. I can’t argue with that. Neither technically nor fundamentally did I expect stocks to break above intermediate-term highs, measured by the S&P 500 cash index at 1292 back on October 27, 2011. But we sure have.

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What Are Credit Rating Agencies?

Who the heck are S&P, Moody’s and Fitch, and why are market players paying attention to their reports? Here are some answers to your basic questions on credit rating agencies and their impact on forex trading.

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Mrs. Merkel, it’s basic math. And you know math!

Michael Pettis is a professor at Beijing University, and one of the best global macro analysts out there, in my opinion. His recent piece, titled, “If no trade reversal now, then when,” should be required reading for anyone who wants a clear summary of Eurozone problems without becoming mired in all the stuff of breaking news.

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Do what you love and the money will follow.Marsha Sinetar