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QE

Trump is right to roll back Dodd-Frank

The Dodd-Frank law is so restrictive that it has effectively put an end to normal, safe lending practices, particularly for the middle class and small businesses.

Oil, stocks continue to swoon. Is Santa Claus Rally dead?

WASHINGTON, Dec. 9, 2015 – We’re posting our column late today, given our utter inability to parse Wednesday’s bizarre market action. After a healthy initial rally, led by a kick upwards in the price of crude oil, oil suddenly resumed its slide and most of the market tanked along with it. Obviously, markets are increasingly ...

Chinese stimulus, hope for more EU QE goose Friday stocks

WASHINGTON, Oct. 23, 2015 – As we’ve complained many times in this column before, as long as someone somewhere out there is doing the low interest rate centrally-planned stimulus dance, this is a pure traders’ market driven only by headlines and mass manipulations on those headlines as performed by high-frequency (HFT) trading firms. There’s no ...

Ferrari IPO debuts, stock market fails to absorb hormones

WASHINGTON, October 21, 2015 – The eagerly-anticipated IPO of the costly Italian automaker Ferrari was priced Tuesday evening at $52 per share—the high end of its estimated range. As predicted, the stock popped during this morning’s opening trade, briefly hitting $60 per share before settling back in the $56 dollar range. The Ferrari action (TRIGGER ...

Fed reports, McCarthy departs Speaker race, markets confused

WASHINGTON, Oct. 8, 2015 – After yesterday’s confusing trading action, investors likely were expecting a bit more clarity after the release of the Federal Reserve Bank’s latest minutes at 2 p.m. Thursday. According to a summation of the document on CNBC, “The U.S. Federal Reserve thought the economy was close to warranting an interest rate ...

Draghi delivers! QE commences in Europe – Wall Street cheers

WASHINGTON, January 22, 2015 – At least as of 3 p.m. EST, Thursday seems as if it’s set to become 2015’s happiest day on Wall Street, at least as far as this miserable January is concerned. The Dow is up a whopping 263 points as we write this. Both the S&P 500 and the tech-heavy ...

Oil in trouble, stocks lack direction in Monday trading

WASHINGTON, October 27, 2014 – Monday’s trading is dominated by a seemingly endless number of competing traders, ideas, politics and general foolishness. Traders are busy talking their books on CNBC as usual. Politicians and economists paint rosy or rotten portraits of U.S. business prospects as we run up to a momentous Midterm Election 2016 where ...

Janet Yellen rides to the stock market’s rescue

WASHINGTON, October 17, 2014 – Vague but clearly dovish comments yesterday from at one Fed member, followed up Friday morning by similar observations from Fed Chair Janet Yellen, helped stem Thursday’s continuing stock market cliff dive, helping to inspire an impressive rally this morning that continues unabated at 1:00 p.m. EDT. Markets have been extremely ...

Stocks take bad-news swan dive to greet October

WASHINGTON, October 1, 2014 – Short column today as we prepare to head off for a 3-day jaunt in the Virginia mountains. It looks like a good time for a break, too, since this market already seems either to be on break itself or already broken. With the illegal quarter-end window-dressing exercise now concluded, stocks ...

BREAKING: Fed QE ends in October, Alibaba [BABA] on deck

WASHINGTON, September 17, 2014 – It’s official. The U.S. Federal Reserve Bank is ending its QE bond-buying program in October as promised. But the eagerly hoped-for words “a considerable time,” remained in its statement today, assuring investors that interest rates would be going up, but not very soon. The market has been in turmoil over ...