Margin Debt Soars To New Record; Investor Net Worth Hits Record Low

The correlation between stock prices and margin debt continues to rise (to new records of exuberant "Fed's got our backs" hope) as NYSE member margin balances surge to new record highs. Relative to the NYSE Composite, this is the most &qu… [...]

Lehman Five Years On: Gold Still Safe Haven As Financial System ‘Insane’

Today’s AM fix was USD 1,308.25, EUR 984.46 and GBP 827.12 per ounce.Yesterday’s AM fix was USD 1,340.25, EUR 1,008.54 and GBP 847.46 per ounce.    Gold fell $41.60 or 3.05% yesterday, closing at $1,323/oz. Silver slid $1.31 or 5.66%, clo… [...]

Lehman Five Years On: Gold Still Safe Haven As Financial System ‘Insane’

Today’s AM fix was USD 1,308.25, EUR 984.46 and GBP 827.12 per ounce.Yesterday’s AM fix was USD 1,340.25, EUR 1,008.54 and GBP 847.46 per ounce.    Gold fell $41.60 or 3.05% yesterday, closing at $1,323/oz. Silver slid $1.31 or 5.66%, clo… [...]

"There’s No Free Market In Money Today" And Other Observations By Howard Marks

Oaktree’s Howard Marks, one of the better investors of his generation, is interviewed by GS’ Hugo-Scott Gall on everything from investing choices, to behaviorism and trading psychology, to market cycles, to ZIRP, to the “great rotation”, and last but n… [...]

Stock Market Bubbles And Record Margin Debt: A (Repeating) History Of Ignoring All Warnings

It is well-known that as part of the S&P500′s ascent to new records, investor margin debt has also surged to all time highs, surpassing for the past three months previous records set during both prior, the dot com and the housing, stock market bubb… [...]

Greenspan, Bernanke and a Return to Normalcy

“America’s present need is not heroics, but healing; not nostrums, but normalcy; not revolution, but restoration; not agitation, but adjustment; not surgery, but serenity; not the dramatic, but the dispassionate; not experiment, but equipoise; not su… [...]

No, American Banks AREN’T Smaller than their Foreign Rivals

When Internationally-Accepted Accounting Methods Are Used, American Banks Are the World’s Largest We have extensively documented that failing to break up the big banks is destroying America because: The size of the big banks is – literally… [...]

Twinkies Union Issues Ultimatum: We Get Our Jobs Back Or The Company Gets It Again

Following a brief infomercial for Gordian Group’s apparent skills in bringing dough-makers and yeast-cooking perfection to the table – arguing that they are here to preserve jobs (for skilled workers who have been apparently working for below-market wa… [...]

It’s Time The US Gov’t Finds Out How Loyal A Hungry Dog Really Is

Tabb Forum released a video today focusing on order-types in relation to HFT.  Tabb’s research director highlights that regulators are still unsure about what to do with HFT.    Perhaps it’s time we do what is in our power to hel… [...]

Assistant Attorney General Admits On TV That In The US Justice Does Not Apply To The Banks

Those who watched Frontline’s special on why nobody has been prosecuted on Wall Street titled appropriately “The Untouchables” didn’t learn much new. The rehash of ideas presented is what has been well known for years – namely that when it comes to pro… [...]