Here’s a guess about what the Fed will say Wednesday following the FOMC meeting. There is no justification for another formal QE program, so I would be very surprised if one were announced (rather than hinted about). The two main reasons for this view is that the major crisis is in Europe, and the U.S. Federal [...]
Gold was up 2+% along with a record low closing yield on the 10-year Treasury bond today as news out of Europe deteriorated. Yet, inflation-linked assets such as oil and copper were down in price. Thus we are seeing a rerun of periods in 2008 and 2011. In both those summers and into the fall, [...]
Here is a long-term chart of Bank of America stock (which includes its stock under its prior name of Nations Bank). This is on a semi-log scale, courtesy of Yahoo.
What the graph is shows is that since the stock’s peak a few years ago, it has been in a sharp [...]