DJIA Rallies +1,293.96
Market soothsayers in mass acclaimed financial Armageddon over the weekend. The fear emanating from those most in the know was palpable. Mr. Market is wily. Mr. Market’s assault on the levered long players left no prisoners. Short-term traders, both bears, and bulls, especially those on margin were exposed. Money’s Fear & Greed Index closed Friday
read more DJIA Rallies +1,293.96Japanification 101 & 102
#Japanification was previously known as the process of becoming part of the Japanese society. The term embodied honor and adorned the Japanese way of existence. Now, the word “Japanification” is frequently smeared as a catch-all term portraying economies that are just sputtering along or running out of gas. After WWII ended, the Japanese rebuilt like
read more Japanification 101 & 102Yield Inversion, Again!
Over the past week the yield curve inverted; the interest rate earned on short-term fed funds (red line), yielded higher than the intermediate-term 10-year Treasury note (black line). As noted in the 20-year graph, in 2000 and 2007 the inversions preceded subsequent recessions. Historically, yield curve inversions have been flashing yellow lights of sorts that
read more Yield Inversion, Again!Wuhan Coronavirus Worries!
#Coronavirus Caution According to Johns Hopkins, as of January 20, there were 278 confirmed cases of the insidious Wuhan coronavirus. Just over a week later that number his risen tenfold to over 9,800 infected persons. Financial markets have moved into the red for the year; the #DJIA is -3.7% from its mid-month all-time. Rapidly rising cases of the
read more Wuhan Coronavirus Worries!