Markets got rocked early yesterday after the surprise announcement that the Mediterranean island nation of Cyprus — to secure a 10-billion-euro rescue package — would force citizens to help bail out their banks through a one-time tax on deposits. Fears of a potential bank run that could easily...
In This Issue. * Bernanke says the Fed will be 'flexible'... * Markets realize the size of Cyprus... * Kiwi posts the biggest gains... * Data today may show US housing recovery continues... And, Now, Today's Pfennig For Your Thoughts! Chairman Bernanke says the Fed will be 'flexible'...
In This Issue. * US equity markets hit new highs... * Dollar moves higher after positive economic data... * Brazil, Canada, UK, and the European central banks start their meetings... * China's leader gives his final report... And, Now, Today's Pfennig For Your Thoughts! Focus Still Remains on...
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My long-time readers are familiar with Jeremy Grantham of GMO, as I quote him a lot. He is one of the more brilliant and talented value managers (and I should mention, very successful on behalf of his clients). He writes a quarterly letter that I regard as a must-read. In fact, anything Jeremy writes...
We Lost One of the Really Good Guys Hundreds of Billions in Losses? Really? Some Thoughts on Market Timing Where Has the Year Gone? New Mexico, Cabo, LA, Winnipeg, Las Vegas, Thailand, and Japan I am neither a market timer nor the son of a market timer. I left my office in the Texas Rangers ballpark...