-->
Back in February 2010 when I wrote my first blog post about the Greek debt crisis, Australian financial advisers were assuring everyone that this crisis is self-contained and unlikely to spread through the global financial system. When the Greek crisis started, everyone assumed that Greece would get bailed out and that would be end of [...]
The Greek debt crisis has been compared with a “slow motion train wreck”. Everyone can see that the fiscal spending in Greece is unsustainable and a fatal crash will result if action is not taken soon. You don’t need to be a financial expert to know that if you constantly spend more than you earn, [...]
I was planning to write a blog post last Friday to point out that both the DOW and S&P 500 have almost reached the 61.8% Fibonacci retracement level as shown the chart of the S&P500 above. Technical analysts believe that the Fibonacci retracement levels are potential turning points in markets as mentioned in my earlier [...]
I normally don’t write blog posts on the weekends but I feel I should get this post out sooner rather than later because some of the information may be time critical. Warning: this is long blog post with few pictures. A friend of mine recently asked me why I was still bearish about the stock [...]
On Monday 5 April 2010, the 10 year US treasury bond yields crossed 4% for the first time since June 2009 (see chart of $TNX below). Bulls believe this is a good sign. Bond yields typically rise and bond prices fall when the economy improves because investors will pull money out of safe, government-backed bonds [...]