Archive for June 9th, 2010

MBA Mortgage Applications Down 12.2%

MBA mortgage applications fell 12.2% for week ending June 4, the prior reading was an increase of 0.9%. Chart 1. MBA Mortgage Applications

John Fredriksen Interview In Financial Times

Financial Times Links: Fredriksen explores other waters; Fredriksen poised to swoop on ailing groups. Probably most famous shipping tycoon shares his views on market outlook. Mr. Fredriksen famous on building Frontline, world largest tanker company, sold most of his shipping assets (currently he holds only stakes in Frontline (Tanker), Golden Destiny (dry bulk) and Golar […]

Monthly Strategy – June 2010

Little late…but better late then never… Equities Only extremely favorable economic data could change the negative trend established. This is highly unlikely. So I would say we will soon see S&P 500 at 900. On a macro level, the stimulus is wearing off, politicians and central bankers are not ready to continue with loose fiscal an monetary policies, just the opposite, austerity is […]


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