Minyanville - Market Commentary, Investing Ideas, Global Finance, The Economy

Get Today's SmartStop

Minyanville Logo Hat

The Exchange

Deleveraging Continues

As leveraged assets go down in value, the leverage multiples go up. Adding to that multiple is the falling dollar and the fact that these assets are in reality debt deposits, not cash deposits, that were passed on in different forms to be leveraged over and over.

-Minyan Jim

Toddo On TV: If Oil Loses, Who Wins?

Minyanville Staff Aug 05, 2008 4:40 pm


	Markets, movers and more.

Toddo reacts to the decision by the Federal Reserve to leave rate cuts unchanged.

Toddo notes the KBW Bank Index (BKX) -- technically significant at 68.60, as it would represent a higher high for the financial complex – is up 47% in 3 weeks. Wachovia (WB) is up more than 100%. Ambac (ABK) is up an astounding 240%.

Now watch this! Toddo takes a gander at the S&P hovering at 1250, the NASDAQ 100 Index (NDX) sitting at 1850 and crude teetering at $120.

Who wins if the price of oil retreats? Minyanville's top dog discusses why the psychology surrounding lower oil will shift from equity positive to "global growth negative."

Tags: BKX, NDX, CRUDE, FED, AMBAC


1 COMMENTS ON THIS ARTICLE

Want more investing ideas? Check out Minyanville's Buzz and Banter, a real-time tool that delivers ideas and analysis as the market moves from over 30 of Wall Street's top minds direct to your desktop. Click here for the Financial News You Need To Know Before You Know You Need It!

No positions in stocks mentioned.

Minyanville staff and contributors may trade or hold securities that are discussed in an article. Staff and contributors will indicate whether they have a position in any security discussed, but will not indicate size or direction. The information on this site is not intended as individualized investment advice and all investment decisions by a reader must in all cases be made by the reader either individually or together with his/her investment professional. The views expressed in articles appearing on this site are solely those of the staff and contributors and should not be attributed to any other person or entity except where expressly stated. Minyanville staff and contributors will not respond to requests for investment advice.

Copyright 2008 Minyanville Publishing and Multimedia, LLC. All Rights Reserved.

Minyanville MarketPlace