Global Macro Perspectives
Laszlo Birinyi, president and founder of research and money management firm Birinyi Associates Inc., and Michael Holland, who oversees more than $4 billion as chairman of Holland & Co., talk about the outlook for the U.S. stock market, investment strategy for equities and some of their stock picks.
*** Bloomberg: Charlie Sheen Could Teach Wall Street a Lesson: Matthew Lynn ***
*** Climateer Investing: Charlie Sheen Calls on CFTC For Lower Silver Position Limits (JPM) ***
*** FT Alphaville: Where is Charlie Sheen’s CFTC comment? ***
*** Kid Dynamite’s World: On Misinterpreting PSLV’s Premium ***
*** Macro Man: Equities: “Bi-Winning” but for how long? ***
*** FT Alphaville: Back to the future with Europe’s stress tests ***
*** FT Alphaville: More on Japan’s odd metamorphosis… ***
*** FT Alphaville: Iceland vs Greece ***
*** Ludwig von Mises Institute: Oil Shock=More Fed Shock ***
*** Zero Hedge: European Gasoline Hits All Time Record Of $8.632 Per Gallon ***
MBA mortgage applications rose 15.5%; Prior reading was fall of 6.5%; On year level MBA Basic Index is down 18.8%.