The T-Bond–WorldCom Connection
What did WorldCom [WCOM|WCOM] have to do with the
implosion of T-bonds [USM1|USM1] today? Lots.
Bumbling Bankers
The European Central Bank took the world by surprise, unexpectedly cuttinginterest rates by 25 basis points. One widely monitored survey of economistsshowed that 37 of 38 economists surveyed got it wrong, forecasting thatthe ECB would leave rates unchanged.But the move by ECB chief Duisenberg and c
The Expected, And Unexpected, In Gold’s Rally
June gapped open to a new two-month high and followed through in
Gold Bug
June gold
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A Positive Indication
Tech stocks got hammered on the opening, following newsthat networking giant Cisco
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Here’s How They Covered Their Shorts
There are better ways to cover shorts than the manner in which
Will Japan’s New PM Perform?
Futures Editor Marc Dupée will be writingthe Futures Outlook while Dave is away. Dave returns Wednesday.Traders continue to digest Mondays speechby Japanese Prime Minister Koizumi where he promised to curb government debt anderadicate bad loans at banks. Although his first policy speech was shor
Cocoa Climbs To New Level
In a move that implies a new support level above the psychological round number,July cocoa
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PowerRating) gapped above the 1000 level. Cocoa had beenunable to crack below the 950-960 area and is rallying in its bigg
A Penny In The Pudding
Futures Editor Marc Dupée will be writing theFutures Outlook while Dave Landry is away. Dave returns Wednesday.July copper
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PowerRating) ispulling back from a five-week high. Notice the huge volume when the con
Unleaded Traders Fade Pump Prices
Gasoline prices at the pump hit their highest prices over the past two weeks, rising an average of 8.58 cents, according to theLundberg Survey of 8,000 retail stations. Even though those prices wereunadjusted for inflation, the $2-plus pump prices highlight Aprils strong rallyin June unleaded gaso
Is The Crisis Over?
Californians have felt the pinch of the highest natural
gas prices in
Another Wave Of Unleaded?
Dave Landry will be onvacation until next week. Futures Editor Marc Dupée will be writing theFutures Outlook in his absence. Dave returns Wednesday.While Unleaded gasoline
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PowerRating) may pullback from its