The Bonddad Blog
Still nerdy after all these years
Saturday, July 28, 2007
What Kirk Said
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From the Kirk Report: However, it frankly could have been far worse. We could have received evidence that most companies were not hitting th...
A More Optimistic View Of the Credit Markets
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Let's start with what is happening right now: ``It's a story of heightened risk aversion,'' said Sue Trinh, a strategist at...
Friday, July 27, 2007
Weekly Market Summary
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Considering the action in the markets this week, it seems appropriate to take a look back at the week to see what happened. Here's a 5 m...
Second Quarter GDP Up 3.4%
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From the BEA: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States --...
Thursday, July 26, 2007
What the Hell Happened Today?
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Wow -- the trading day is over and it was very bad for the SPYs. Let's take a look at the charts to ses what happened. Here's a cha...
Markets Having a Terrible, Horrible, No Good, Very Bad Day
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As of this writing, the SPYs are down 2.36% and the IWNs are down 3.14%. By my rough calculation we're down about 4% for the week. I...
New Home Sales Drop 6.6%
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Here's a link to the Census report. From Bloomberg: Purchases of new homes in the U.S. dropped more than forecast in June, signaling no ...
Ryland Homes, DR Horton and Pulte Post Big Losses
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From the Street.com Pulte reported a second-quarter loss of $507.5 million, or $2.01 a share, compared with profit of $243 million, or 94 ce...
Fed Releases Beige Book
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Here's a link to the whole report From the WSJ: The overall economy continued to expand at a moderate pace in the past six weeks, say re...
Wednesday, July 25, 2007
Back Up And Running
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Hey all -- I had a technical meltdown with Google. They have these things called robots that search the web looking for Spam web sites. Th...
Tuesday, July 24, 2007
Debt Market Update
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From Bloomberg: The Wall Street money-machine known as collateralized debt obligations is grinding to a halt, imperiling $8.6 billion in ann...
Monday, July 23, 2007
When Will the Dollar's Decline Stop?
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From the Financial Times: How long before the dollar hits $1.40 to the euro? That is the question many analysts are asking after a week when...
Earnings Growth Pretty Good
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From Bloomberg: More than one-quarter of S&P 500 companies have posted second-quarter results. Their average profit growth was 8.1 perce...
Metals Still A Buy?
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From CBS MarketWatch: "The long-term story for the base metals remains the same: Demand for metals continues to increase steadily,...
Sunday, July 22, 2007
Health Care Jobs
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This chart is from Business Week. The author argues: Basically, the non-health job market is in free-fall. I suspect that when the BLS is...
The S&P 500 Going Into Next Week
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First, here is a chart of the S&P 500 Here are some notes from my trading journal. They are in no order of importance. -- The trend sta...
Saturday, July 21, 2007
Financials Are Still Under Pressure
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Remember that financial stocks are the largest percentage sector in the S&P 500, coming in at a little over 20%. Last week there was a ...
Friday, July 20, 2007
Weekend Weimar
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The markets are closed. Get off your computer. See you tomorrow.
Great Paper on the Housing Market's Problems
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Mike Larson -- who writes on the blog Interest Rate Roundup -- has written a paper titled How Federal Regulators, Lenders, and Wall Street ...
So Far, Earnings Look Good
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From Zack's Through the close of Tuesday, Jul 17, a total of 55, or 11.0% of the S&P 500 firms have reported their second-quarter re...
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