Japanese Nikkei index
A Further Liftoff in German Bund Yields
November 24, 2011
The 2.21% yield on ten-year German bund yields is 32 basis points higher than its level a week ago, underscoring widespread concern the the European Monetary System is headed for a break-up over the inability of politicians and bureaucrats to resolve the system’s immense dysfunctionality. The United States is observing Thanksgiving today, but in Europe […] More
DJIA: 11723 or Bust
August 3, 2011
A bull market in the DOW that began from a base of 777 on August 12, 1982 culminated on January 14, 2000 when the market closed at 11723. Although those 17+ years encompassed the 22.6% crash on October 19, 1987, identical 16.9% per annum rates of appreciation occurred from the close of 1739 on the […] More
