Posts Tagged ‘rallies’
Dow Jones: Why 5% Rallies Aren’t a Good Sign
Tuesday, March 10, 2009 15:35 8 CommentsNews of a leaked memo by Nationalized Citigroup CEO Vikrim Pandit sent the markets soaring 5% today. The memo states that Citi is profitable for the year. We’ll wait and see if Mr. Pandit’s optimism makes its way to the company’s next earnings release. Judging by previous and similar such statements by Citigroup’s CEO, we [...]
Treasury Yield Hits 50 Year Low
Friday, November 28, 2008 17:48 No CommentsThe yield on the 10 year treasury sunk to a 50 year low this week. It’s important to pay attention to moves in the treasury yield. If investors are panicked, they are more concerned with safety and less concerned with returns. Because price and yield are inversely related, when demand increases and the price for [...]
