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Go Neel Go!

For months now Mr. Kashkari (Minneapolis Fed Prez) has been diligently attempting to bring everyone’s attention to the fact the capital structure /creditor rules for big banks are a fallacy. When big banks see their balance sheets under duress and a bank flirts with solvency, you cannot apply standard re-structuring/ re-capitalization because it would involve applying a haircut (loss)  to bond holders. That was […] Read the rest of this entry »

Bonus month

Hello all. If you have previously been a paid Greedometer newsletter subscriber you’ll get a bonus month of WGL newsletter if you sign up by January 10.  

Last Daily Greedometer Letter

Tomorrow will see the last daily Greedometer letter. A new weekly Greedometer letter starts next week. The WGL is priced to be more accessible. As we end 2017, here’s what was seen: record mini Greedometer readings record Greedometer readings record S&P500 the lowest sustained VIX values the highest volume of IPOs near record M&A activity record craziness from cryptocurrencies and ICOs record NYSE margin […] Read the rest of this entry »

US Tbond flash crash this morning

Did anyone catch the 15%ish flash crash in the US 30 Tbond this morning –from 6:12-6:23am?  The 30yr yield spiked from 2.8 to 3.37% for a few minutes. Considering the 30yr  duration and avg when issued yield of 2.75% that flash crash represented a 15%ish drop in price.   It looks like a stop-hunting algo went nuts taking out some stop-loss targets for 2 […] Read the rest of this entry »

Special Offer

Want insight about what’s going to happen to the S&P500 next year?  What happens between now and year-end will give you a roadmap so long as you have access to the Greedometer and mini Greedometers via the Daily Greedometer Letter (DGL). The most important event during this timeframe will be the passing of the much-vaunted tax cut (un-funded/debt-accretive!). Whether it passes will have a […] Read the rest of this entry »

One year later: threats to cut taxes and spike the punch bowl.

A year ago yesterday was the anniversary of the Trump election victory. So Trump -and his anticipated unfunded 2018 tax cuts- are the reason we’re told the stock market is higher. That’s easy to understand, and it’s repeated/parroted often enough by the financial media. And now this… In less than 2 hours of Mr Trump being declared the victor, the futures market had to […] Read the rest of this entry »

Bill Dudley leaves Greedometers in retirement (cool video of Bill and Greedos)

Many of you have been following the Greedometer site for years and are familiar with my “release the Dudley” blog posts (and my release the Bullard and Yellen posts).  This post is a tribute to Bill Dudley, New York Federal Reserve Prez. This week Bill announced he intends to retire in 2018 –a little early since his term is slated to end in 2019. I suspect […] Read the rest of this entry »

Greedometer gauge adjusted

Hello all. With nearly 19 years of history/data, the Greedometer gauge had to be re-tuned this weekend. Price is not an input parameter, so this week’s 2575 SPX close is not a factor in this re-tuning. January 2014 saw the SPX in the 1840s with an associated Greedometer peak value at 7700.  This week saw the SPX close at 2575 with a Greedometer reading […] Read the rest of this entry »

Happy 30th anniversary Plunge Protection Team

Today is the 30th anniversary of the infamous October 19 1987 Black Monday stock market crash. Since U.S. equity markets are once again in an historic bubble, the financial press is all over this story. side note. The top U.S. equity market bubbles of the past 130+ years as measured by price to earnings and price to revenue are (from largest to smallest): year […] Read the rest of this entry »

When bank stress tests will get stress tested. Why you should care.

If you are a U.S. bank CEO, CFO, CRO, CTO, you are going to be interested in this post. If you’re not, read this anyway because you’re going to learn something that will impact how you manage your personal investment portfolio over the next couple years.  (S&P500 at 2556 as I write this on October 13 2017)  The next two years will be a […] Read the rest of this entry »