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- Banks vs. Technology
- Bill Luby submits: I was going to put up a post about the recent negative divergence in technology, particularly the large cap technology companies that dominate the NASDAQ-100 (NDX), but I noticed that Cam Hui at Humble Student of the Markets already beat me to the punch yesterday morning...
- External links 2009-05-08
- Advanta Sets Out to 'Dramatically Limit Credit Loss Exposure'
- Bill Luby submits: In a story that I believe was underreported yesterday, the nation’s 11th largest credit card issuer, Advanta ADVNB, announced it will be suspending all credit card charges on outstanding credit cards as of June 10th in order to “dramatically limit the company’s credit loss exposure and...
- External links 2009-05-13
- XLF's 'Concrete Shoes'
- Bill Luby submits: Lately there have been quite a few days when it looks as if the market is wearing ‘concrete shoes’ and will never be able to keep its head above water. Time and time again the financials look like those concrete shoes: financials plunge; the market follows....
- External links 2008-11-19
- International Securities Exchange Revamps Its Implied Volatility Charts
- Bill Luby submits: The International Securities Exchange ISE, which publishes a superb implied volatility chart that I have featured on my blog VIX and More on a number of occasions, has recently launched an enhanced version of its IV chart. The new version of this chart, which I have...
- External links 2008-11-22
- US Bancorp: The Other Big Bank with Big Problems
- Bill Luby submits: Not too long ago, Minneapolis-based US Bancorp USB was held up as an example of a ‘good bank’ with a strong loan portfolio. As recently as September, the stock was trading as high as 42 and the bank was widely hailed as one of the few...
- External links 2009-02-18
- XLF: Bullish and Bearish, Depending on Time Frame
- Bill Luby submits: Lately it seems as if the financial sector is the market. For this reason, I now watch the financial sector SPDR XLF and the KBW Bank Index BKX tick by tick, in addition to a handful of financial stocks that seem to be in the most...
- External links 2009-03-18
- VIX Tops 50 for First Time Since Mid-December
- Bill Luby submits: With the SPX failing to find support at 850 and financials falling another 6% this morning, the VIX has spiked all the way to 51.03, up 17.9% so far today and up 32.3% from just six sessions ago. Since the large gap down at...
- External links 2009-01-14
- Chart of the Week: Bank of America Teetering
- Bill Luby submits: It has been a tough week for the banks, but particularly for Bank of America BAC, where the company’s recent struggles have earned it a stint in the spotlight as this week’s chart of the week. During the week it was revealed that as a result...
- External links 2009-01-17
- Voodoo and Solvency
- Bill Luby submits: With talk of nationalization of European and American banks heating up, I want to make sure everyone had a chance to read Paul Krugman’s Wall Street Voodoo from Sunday’s New York Times. Krugman tackles the issue of so-called ‘zombie banks’ that can still operate while...
- External links 2009-01-20
- What the VIX 'Thinks' About Tuesday's Breakdown
- Bill Luby submits: I know I shouldn’t be referring to the VIX as a sentient being, but I get so many questions along the lines of “what does the VIX think about…?” that I hope I can be excused for an occasional anthropomorphic slip of the keyboard. ...
- External links 2009-01-21
Additional Resources
- Commercial Real Estate Likely to Usher In Next Leg of Financial Crisis
- Bill Luby submits: Last week, in Commercial Real Estate Problems Piling Up, I opined that commercial real estate is a likely candidate to usher in the next leg of the financial crisis. Since the S&P/Case-Shiller Home Price Index gets so much publicity, I thought this would be a good...
- External links 2009-04-29
- Gold Price and Gold Volatility
- Bill Luby submits: With the unfolding of the latest chapters in the financial crisis, gold has received considerable attention as a safe haven investment. The rush into gold was greatly exacerbated when investors began to lose confidence in money market funds following the ‘breaking of the buck’ at Reserve...
- External links 2008-09-24
- Nouriel Roubini and the VIX
- Bill Luby submits: Call me crazy, but lately I have been pondering the sudden disappearance of Nouriel Roubini from the media scene. You could probably add the likes of Meredith Whitney and others to the list of media sensations who rose to fame as a result of successful predictions...
- External links 2009-06-11
- Volatility: Unraveling the Contradictions
- Bill Luby submits: With the Fannie/Freddie bailout getting no better than mixed reviews, the U.K., Germany, and Spain apparently headed for a recession, and continuing turmoil in emerging markets, sometimes I am surprised to see any green at all on my screen. On the other hand, I’m...
- External links 2008-09-10
- VIX Options as Portfolio Insurance
- Bill Luby submits: As I type this, Congress is still debating the Troubled Asset Relief Plan (TARP) and various modifications and alternatives that have sprung up over the course of the past week. While the outcome is uncertain, there is clearly a broad recognition that even a flawed plan ...
- External links 2008-09-26
- 2008: The Year in Global Volatility
- Bill Luby submits: In November I launched the VIX and More Global Volatility Index, which is a weighted average of the implied volatility in options for equities in the 15 largest global economies. I will have more to say about the Global Volatility Index in 2009, but want to...
- External links 2009-01-04
- Is the Next Shoe About to Drop?
- Bill Luby submits: There has been a lot of speculation about which corner of the economy is likely to implode next and start to write the next chapter in the current financial crisis. Credit card debt and commercial real estate are two of the most frequently cited potential culprits,...
- External links 2009-04-08
- Market Volatility Returning to Familiar Patterns
- Bill Luby submits: Once a popular subject in this space, the VIX:VXV ratio appeared to be a casualty of the financial turmoil and record volatility spikes in October 2008, when the ratio spiked to record levels and generated a buy signal that turned out to be nothing short of...
- External links 2009-11-05
- Dubai Debt Concerns Trigger Spike in Foreign Volatility Indices
- Bill Luby submits: With the S&P 500 and NASDAQ futures both down approximately 3% as I type this on concerns about the ability of Dubai World to repay some $59 billion in debt, today’s half day session is likely to be ugly and volatile. In a vacuum, this type...
- External links 2009-11-27
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