Five Things: Revisiting the "All-One-Market" Theme

Kevin Depew  Jun 29, 2009 12:45 pm

Five Things: Revisiting the
 
Record correlation hints of herd collapse.
 

And another. And another. These creeps really are desperate, I thought. It looked like a bargain, so I made a proper inquiry.



I assume that will be the end of it, but I'll keep you posted.


5. News & Weirdness


JPMorgan Tightens Grip on Equity Underwriting Market by Selling Own Shares - Bloomberg
JPMorgan Chase (JPM), Goldman Sachs (GS) and Morgan Stanley (MS) are reportedly tightening their grip on equity underwritings thanks largely to their own share sales. JPM's sales so far this year account for nearly 20% of that firm's total U.S. sales, according to the article.

IEA Cuts Forecast, Says Oil Demand to Be Below Last Year's Level Until '12 - Bloomberg
International Energy Agency, predicts oil consumption won’t regain 2009’s levels until 2012.

File Under: Potential Deflationary Forces: Commodity Rally May Be Ending - Bloomberg
Global economic weakness may curb sales just as producers expand supplies believing the worst is over.

Filed Under: Additional Deflationary Pressures Incorrectly Assumed to Be Inflationary:
Wary Banks Hobble Toxic-Asser Program - WSJ
The headling pretty well says it all - "wary" banks. Why so wary? Risk aversion... on all sides.

Geography of a Recession - NYT
This map shows, graphically, job losses across the country. Check it out, and then go back and see Five Things from June 12 on the correlation between foreclosures and swine flu in the U.S.
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Comments (4) See All Comments »
06-29-2009, 2:50 pm
interesting, hadn't really thought of that; mostly, when a bottom-bottom came, i'd look then - but this sounds more reasonable...

keep us up-todate on your thoughts - thanks!
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06-29-2009, 3:05 pm
Common thread? Density.
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06-29-2009, 4:56 pm
With govt debt crowding out private Capital needs and more regulation of business, the economy should really take off, no?

More stimuli to follow (meaning more govt jobs). Big improvement in productivity is sure to follow, no?
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06-29-2009, 8:53 pm
Did Nana get your e-mail address mixed up with widdle wancie wewis?
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