Posts Tagged ‘ Investors ’

Today’s blog follows up by focusing on what I think is another Achilles heels for China: water and food.  Before embarking on this, allow me to draw your attention once again to the Bloomberg article on Chinese mal-investment, especially the last paragraph quoting Mark Mobuis:Still, even Mobius says investors have to be wary. He...
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Part of the reason for today’s bond market strength was the big paydown in the 4 week bill. The $18 billion paydown left investors with nowhere to go. With the weak earnings scare, the first option for those getting cash jammed back into their pockets was intermediate term Treasuries. Click here to...
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Sprott Securities has a piece out questioning how the US Treasury is funding its monster debt offerings. They question one category called “other investors”, which is clearly another vague and pointless disclosure now all too typical. Personally I think the Fed has orchestrated some purchases of toxic MBS and agencies in exchange for a...
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The Treasury finished up a light week with a 4 week bill auction that drew another wave of panic buying keep the rate near zero. There’s no real sign of a letup to the mania, as terrified investors continue to seek the “safety” of the shortest term Treasuries. Panic behavior of this nature...
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by Sudaca September 2 (Stool Pigeons Wire) – Corporate bonds have been the biggest receivers of funds from the money market mountain. Investment Grade credit spreads have tightened significantly this year, but are still historically high. At least that has been the mantra these last few months.
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The Fed’s H41 will be posted just after the market close, and we will have a complete review and analysis of that data in tomorrow’s report. Before that though, we have quite an appetizer today with all kinds of fascinating data as this gruesome nightmare continues to unfold pretty much according to the road...
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Three Treasury auctions saw strong demand. In the case of the 2 year note, the size of the indirect bid could only be characterized as hysterical. In spite of worries that investors and central banks would stop buying Treasuries, the problem, ladies and gentlemen, is not one of demand. Click here to...
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This is not an investment advice, I’m not good at that, but rather an invitation for discussion. The pullback is due. The daytraders who watch the tape all the day know what to do. But what we should do, ordinary investors who check the charts after work, when the market is closed? The popular leveraged...
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Watching Secretary Tim “Stonewall” Geithner shuck, jive, and obfuscate before the Congressional Oversight Panel was sickening and disgusting to anyone who has a clue of what’s going on, but old “TurboTax made me do it” obviously impressed investors, who in the main continue to be clueless. Geithner even smirked that he had never worked...
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In the “you heard it here first” department the economic bounce scenario I set up over a month ago appears to be materializing. Sure enough various data on automobiles and home sales upticked in March from extremely depressed levels, setting off a price discovery “buy on the news” global rally that is extending this...
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The market had a problem Monday. While the Primary Dealers and other institutions celebrated the end of the Depression last week, they apparently forgot that they had to pay for $47 billion in new Treasury notes and bonds settling on Monday. Then again, perhaps they were looking forward to the expectation of a lighter...
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This Citicorp analyst report covers some of my thinking especially about unnatural production levels, and the rebound potential. The should sound familar. Unsustainable plummeting production trends are driven by rapid de-stocking. The intensity of inventory reduction is stunning as management teams are moving at high speed to generate cash. Under-producing final demand is...
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The Treasury completed its auctions for this week. A trend of slightly reduced indirect bids continued. While the changes are small this could be the first small sign that investors and foreign central banks are beginning to experience a loss of the firepower and will necessary to continue to accumulate Treasuries at the rate...
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The term alpha in a nutshell it used to measure risk adjusted returns.  All investors, whether big or small need to think in these terms. However, unlike the black box Boyz, I feel we can do this qualitatively.  In fact, doing so quantitatively is actually a huge mistake because it models from historical experience....
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This post’s focus is on leveraged traders and funds. In my view there is compelling evidence that the Berserker community has liquidated en masse and exists in recent memory only. Although checks are being sent out to “investors” to dispose of, there are few if any signs that meaningful leverage is being employed at...
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