Mark Twain coined the phrase, “History does not repeat itself, but it often rhymes.” The COVID19 virus has upended the financial markets and brought cities and countries to a standstill. So far, coronavirus has infected 118,101 people around the globe; there have been 4,262 confirmed deaths according to the Johns Hopkins University. On the last
read more A look back in time: Spanish Flu 1918-1919Category: Blog
DJIA Rallies +1,293.96
Market soothsayers in mass acclaimed financial Armageddon over the weekend. The fear emanating from those most in the know was palpable. Mr. Market is wily. Mr. Market’s assault on the levered long players left no prisoners. Short-term traders, both bears, and bulls, especially those on margin were exposed. Money’s Fear & Greed Index closed Friday
read more DJIA Rallies +1,293.96Japanification 101 & 102
#Japanification was previously known as the process of becoming part of the Japanese society. The term embodied honor and adorned the Japanese way of existence. Now, the word “Japanification” is frequently smeared as a catch-all term portraying economies that are just sputtering along or running out of gas. After WWII ended, the Japanese rebuilt like
read more Japanification 101 & 102Yield Inversion, Again!
Over the past week the yield curve inverted; the interest rate earned on short-term fed funds (red line), yielded higher than the intermediate-term 10-year Treasury note (black line). As noted in the 20-year graph, in 2000 and 2007 the inversions preceded subsequent recessions. Historically, yield curve inversions have been flashing yellow lights of sorts that
read more Yield Inversion, Again!