The "Mighty Casey"

” … There’s no joy in Mudville … “

Our Mudville, of course, is Wall Street. What is unbelievable is that unlike the ‘Mighty Casey’, Wall Street’s market is not striking out. And, it hasn’t really struck out since the dark days of 2008/2009, despite the fact that there has been a choir of experts, pundits, talking heads and politicians telling us daily why […]

Preparing for the next disaster

Preparing for the next disaster

Once again we find the market in ‘batten-down-the hatches” mode, reflecting the uncertainties of a looming Fed meeting this Wednesday, the ‘Brexit’ vote in the UK next Thursday and the end-quarter-focus on earnings.  Stir in the always-brilliant presidential election political discourse, a triple-witching hour this week and the horrific news from Orlando and you have […]

simon hobbs

“Is the market calling the Fed’s bluff?” — Simon Hobbs

Simon Hobbs, co-anchor of CNBC’s “Squawk on the Street” went on to query his guest pundits last Friday, “Is it (the market) playing a  game of chicken, going up in the face of a likely quarter point increase in the Fed Funds rate this June?”  In an obvious attempt to accentuate the negative, Hobbs, the good […]