October 2009

Damned If You Do

October 28, 2009

Markets began the week nervous about a large supply of US Treasuries to be auctioned. The main worry was of higher rates if demand for the new debt proved thin. With so much [...]

Rumination

October 8, 2009

Since our last meaningful market correction (7% decline from mid-June to July 10, 2009), the S&P 500 has risen over 21% in less than 3 months. The best-performing [...]