Monthly Archives: September 2013

NYSE Margin Debt Is Rising Once Again, by Doug Short, Advisors Perpective

screen shot 2013-09-25 at 1.40.12 pm The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we can also find historical data back to 1959. Let's examine the numbers and study the relationship between margin debt and the market, using the S&P 500 as the surrogate for the latter. The first chart shows the two series in real terms — adjusted for inflation to today's dollar using the Consumer Price Index as the deflator. I picked 1995 as an arbitrary start date. We were well into

Weekly update by A.D

8258232538_e75bf78cba_b Dear all, It has been a while since the last time I wrote a weekly update. I think that sometimes it is good to take a pause and take a bit of distance in order to get a better judgement. Btw, in my last note I stated that gold and silver represented good buying opportunities. Since then they have gained 10% and 17% respectively. In today's note I am going to focus on Bernanke's latest shocking decision not to taper. I will try to explain why he did this and what the consequences of such decisions

Eurozone Recovery Fades – Will The U.S. Follow?, by Lance Roberts (Streettalklive)

Industrial-production-US-Euro-091713-2 It has been a "Summer of Recovery" for the U.S. economy with GDP growth rising from 1.1% in the first quarter to 2.5% in the second and manufacturing surveys showed sharp jumps in new orders and outlooks.  The same occurred in the Eurozone with Markit's PMI reports showing sharp bounces higher and hopes that the recession that has plagued the region was finally coming to an end.  The question of sustainability remains. I have noted several times as of late, most recently here, that

The Fed Is On The Verge Of ‘Tapering’ — And The Economic Data Has Nothing To Do With It, from MATTHEW BOESLER (Business Insider)

Fed-Taper Wall Street expects the Federal Reserve to announce the first reduction in the pace of monthly bond purchases it makes under its quantitative easing (QE) program at the conclusion of its FOMC monetary policy meeting Wednesday. Right now, the Fed buys $45 billion in U.S. Treasuries and $40 billion in mortgage-backed securities each month – $85 billion of bonds in total – in a bid to stimulate the American economy. The consensus on the Street is that the Fed's first "tapering" of QE will consist