Federal Reserve Chairman Ben Bernanke may be getting ready to sail off into the sunset as his reign as the top banker in the world is likely coming to an end. The speculation is that it is doubtful Bernanke will decide to extend his stay as head of the Federal Reserve for a third term…
Coming on the heels of the Worldspreads (an update due here shortly) and Man Financial scandals where client money was pooled with those firms own resources and when they collapsed clients were left out of pocket, news that XCAP Securities has been flouting FCA client money segregation rules is shocking in the extreme (not least…
I suppose it can be said quite fairly that the FTSE 100 has been, and remains something of a North Face of the Eiger in terms of being the market that every trader wants to conquer, whether a novice or a seasoned professional. A couple of blogs ago I highlighted the way that four years…
When we were suggesting to short the Nikkei (in the face of my ol pal Caawky & Mr “Big Call” John Piper’s long calls) 2 weeks ago at levels between 14500 – 16000 the retort I received from pretty much everyone I bounced it at was – “are you mad, it’s all about the Yen”,…
It sure doesn’t take much to get this stock market excited, which we have seen over the past six months as stocks have edged higher in spite of any concerns regarding the fiscal cliff and the sequestration. Even a potential stock market bubble in Japan is being pushed aside. So, when the non-farm jobs market…
Something just occurred that has not happened since 1997: the U.S. produced more oil domestically than we imported. Just a few years ago, people would’ve viewed that statement as simply a fantasy. This is a perfect example of what happens when business owners see an investment opportunity that will help create corporate earnings. The escalating…
Suleiman Kerimov It was with a little wry smile that I read the Sunday Times piece on Kazakhmys this last weekend whilst enjoying the sunshine. Danny Fortson has also now alerted his readers to the completely nonsensical valuation that we have banged on about on this blog for the last 3 months. We will not…
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Mario Draghi There is much discussion on China and the impact of stalling on the global economy, yet the region that really needs to be monitored is Europe and the eurozone. While China is still growing its economy at a seven- to eight-percent clip and is tops among the G8 countries in the global economy,…
Figures just out for the major hedge funds and their returns through May and YTD show that the majority continue to underperform the S&P 500 (see below) – And below is a list of the best and worst performing conventional funds YTD.
