Well, that was fun. ADP strong = the world is good. US GDP weak = maybe not. Fed cuts rates by 50 bps = happy days are here again. Fitc...
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Let's get ready to rumble!
Fresh off the successful passage of his Life in the UK exam, Macro Man is now ready to get stuck into the rest of the week. He suspects he...
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Life in the UK
Yawn. Another 1.75% day in the S&P 500, this time to the topside. It's all getting to be old hat, really. Those days when people...
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Was that it?
After the rallies on Wednesday and Thursday, along with the revelation that the earlier meltdown was rogue trader-related, markets were perh...
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If SocGen on ly found out about their trading loss over the weekend....
...why were they looking for a Delta one trader (Monsieur Kerviel's role) last week? Perhaps the conspiracy theorists are onto something...
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For everything else....
A BUGATTI VEYRON: £899,995 BUYING AMBAC AND MBIA AT CURRENT MARKET PRICES: $3 BILLION CREATING A GOVERNMENT ENTITY TO BUY UP DODGY MORTGAGE ...
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Stopped out before entry?
The cheeky SPX option purchase that Macro Man wrote about this morning has not had time to get executed yet, and it's already threaten...
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What next?
What a difference a day makes. Yesterday, it seemed like markets were in free fall, volumes were exceedingly heavy, and (eventually substant...
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Ben Bernanke hits the panic button
In fairness, the prospect of a "Great crash of 2008" isn't a particularly appealing prospect. But assuming the Fed cuts anoth...
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Black Tuesday?
S&P futures are limit down in overnight trade (-70 points), the SENSEX has been beaten senseless, and the IBOV (Bovespa) is definitely b...
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Stress Testing
This is the way the world ends This is the way the world ends This is the way the world ends Not with a bang but a whimper. T.S. Eliot, The ...
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Weekend Special: Financial Poetry by Popular Demand
Friend-of-the-blog Cassandra has been waxing lyrical on the subject of leverage recently, perhaps because of first-hand observation of what...
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20 Questions
Yes, boys and girls, after a wild two weeks it's time for another round of Macro Man's favourite game. And so without further ado......
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Time to share the pain?
The year is barely two weeks old, but there have really been some extraordinary developments in financial markets already. The abject per...
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