I grew up watching In Living Color and one of my favorite skits was Fire Marshall Bill played by Jim Carrey.  Fire Marshall Bill always used the catch phase “Let me show you something.”  Almost all of his examples after that catch phase were very far-fetched and crazy.  They usually ended in disaster.

Well, now I [...]

From the FDIC.
#42
Beach First National Bank, Myrtle Beach, South Carolina, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Bank of North Carolina, Thomasville, North Carolina, to assume [...]

Every time this market looks like it is about to roll-over, we get a nice burst of buying and things become all better.  Here is a quick recap of the current market environment from IBD.
The indexes opened lower in mixed volume, sliding nearly 1% in the first 15 minutes of trade. Continued worries over Greece’s [...]

I do not comment on the treasury market much on this blog.  Over the past few days, this market has caught my eye.  I am going to show the 12 month charts of the yields on the long end of the curve.

The 10 year note yield is bumping up against the psychological 4.00% level.  [...]