Tue 25 Aug 2009
On August 19, Governing Council member Axel Weber said to the German newspaper Die Zeit that it is too early to withdraw stimulus measures. We fully agree with that, but while some misinterpreted this as meaning that more stimulation was needed we take note that the focus of the ECB…
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Euroland: Arguments for ECB to Hike in 2010
Thu 6 Aug 2009
As we wrote last month, the prognosis for the global economy has improved, but conditions are still weak and we are anxiously awaiting the dose of fiscal and monetary medicine to restore the world economy to good health. Recent data reports have been “less bad” but still not strong enough…
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Financial Markets Monthly - August 2009
Wed 5 Aug 2009
With a modicum of risk appetite returning and the VIX volatility index registering the lowest level of fear since the credit market crisis began, equities have rebounded significantly in the past five months. Equity markets took another leg higher in the last month, confounding some bears, moving major indices into…
Excerpt from:
August Monthly Forecast: Setting up for the Fall
| DJIA | 10447.93 | |
| NASDAQ | 2233.75 | |
| S&P 500 | 1104.51 | |
| NOVL | 5.81 | |
| KO | 57.56 | |
| PFE | 16.46 | |
| INTC | 18.43 |