Monthly Archives: August 2011

Korea ETF: Our Fave “Dubya” Bottom

Posted on August 31, 2011 by macromon

After posting the W bottoms on the S&P500 and the Brazil ETF here is our favorite, the Korea ETF (EWY).   We learned during the 1997 Asian Financial Crisis never to short Korea and never underestimate the resolve of the … Continue reading →

Posted in Charts, Equities, Global Stock Performance | Tagged , , | Leave a comment

Four Unconventional Insurance Policies

Posted on August 31, 2011 by macromon

We thought these “weird insurance policies” brought to us by Investopedia.com very interesting.   Gives new meaning to the phrase, “this market has (Mariah’s) legs!’ Troy Polamalu’s Hair Troy Aumua Polamalu was drafted by the Pittsburgh Steelers in the first round … Continue reading →

Posted in General Interest | Tagged , , , , | 1 Comment

Moneyball

Posted on August 30, 2011 by macromon

Maybe Billy Beane can do for the U.S. economy what he did for the Oakland A’s and Major League Baseball.   This movie looks good.  Michael Lewis, who wrote the book on which the movie is based,  is now one Big … Continue reading →

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Brazil ETF: A Better “Dubya” Bottom

Posted on August 30, 2011 by macromon

Yesterday we raised the question has the S&P500 put in a short-term W bottom?  The Brazilian bottom looks a little better to us.   We took some of the ETF and looking for a quick trip into the $69-70 resistance area … Continue reading →

Posted in BRICs, Equities | Tagged , , | 1 Comment

Can You Say “Dubya” Bottom?

Posted on August 29, 2011 by macromon

That sure looks like a W bottom on the S&P500,  no?  Not the classic trajectory and confirmation, not to mention the compressed time frame, but you’ve got to respect the price action.  The macro swans are still out, so the … Continue reading →

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Get Them to the Greek (Writedowns) – IASB

Posted on August 29, 2011 by macromon

Wow! Just came across this piece from the FT about the concerns of the International Accounting Standards Board  (IASB) of how European financial institutions have not reserved enough against potential credit losses on their Greece sovereign bond holdings.  Are these … Continue reading →

Posted in Black Swan Watch, Bonds, PIIGS | Tagged , , , , | 1 Comment

Seven Days in Utopia

Posted on August 29, 2011 by macromon

Any golfers out there?  Looks like Robert Duvall’s new movie, Seven Days in Utopia, may be the next Legend of Bagger Vance.   Should be out this weekend.  Can’t wait to see it. (click here if video is not observable)

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Quote of the Day: Facebook and Narcissism

Posted on August 28, 2011 by macromon

Technology Review has a great little piece, Where Is the Facebook for Old People? Here’s the money quote: Where is the online social networking equivalent of the Jitterbug phone? Easy to use, foolproof, and designed, more than anything, to keep … Continue reading →

Posted in Demographics, General Interest, Quote of the Day, Technology | Tagged , | Leave a comment

Chart of the Day: Youth Employment Ratio Lowest on Record

Posted on August 28, 2011 by macromon

The BLS reports, In July, the employment-population ratio for youth—the proportion of the 16- to 24-year-old civilian noninstitutional population that was employed—was 48.8 percent, a record low for the series. Long flash mobs and water cannons. (click here if chart … Continue reading →

Posted in Black Swan Watch, Chart of the Day, Charts, Demographics, Employment | Tagged , | Leave a comment

Week in Review: Hurricane “I-Lean” Lifts Markets

Posted on August 28, 2011 by macromon

Short and sweet tonight.   Even turkeys can fly in hurricane “I-Lean The Wrong Way.” Reports that hedge funds, with almost no tolerance for short-term pain, have opened the biggest net short positions since early 2008  has driven a relatively low … Continue reading →

Posted in Sovereign Debt, Sovereign Risk, Uncategorized, Week in Review | Tagged , , , , , , , | 1 Comment