Black swan of the financial world really exists. No, it has nothing to do with Euroland. Not even coming failure of Spain or Italy. Euro-Zone will survive even if Greece or Portugal exits. It will lurch from one crisis to another and it is not going to get any better either.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Someone Is Lying (by BBFinance)
The correlation between Euro and SPX has been strong. And yet, something funny happened today. Around noon, Euro surged and SPX dropped. You can see the divergence in the following chart.
In Waiting Mode (by BBFinance)
I am in waiting mode and do not have any new thing to say or discuss today. SPX closed below 1330 and as I have said before, I would wait for it to close two consecutive days below 1330 to decide whether to take short position again. However I think we are due for bounce.
Nothing Really Changed Or The Cockroach Theory
It is said that there is never just one cockroach in the house. The JPM $ 2 Bil. speculative loss reminds us of that. How many various other kinds of loss are hidden in the cupboard of the Fed? JPM is supposed to be the strongest of the rotten lot. What about BAC or C or other European Banks? We know for sure that many of those are zombies walking around.
JPM Takes It On The Chin.
Although I am normally critical of the constant negative reporting of ZH, today I have to say kudos to them. They do bring out the dark side of the Wall St like no other. Two of their reports stand out today.
- The going on of JPM and
- The impending bond default of Greece.
My only point is: do not get caught up in headlines or conspiracy theories while trading or investing- pay attention to risk management. Stock market is not economy. Wall St. is a giant casino and the house always wins.
