Italy Nears the Brink?

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There has been increasing talk recently about how 7% interest rates are an unsustainable level for European governments.  The idea is crystalized in the Wall Street Journal article: Italy Nears Brink Point as Its Bond Yields Spike which highlights the 7% level … Continued

November 2011 Investment Letter

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Below is a letter that is written monthly for the benefit of Avondale Asset Management’s clients.  It is reproduced here for informational purposes for the readers of this blog. Dear Investors, Finally, a chance to write with unqualified good news … Continued

Operation Twist Progress

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Remember that whole operation twist thing that the Fed is doing?  So far it did a lot more to flatten the yield curve prior to its implementation than it has since it’s been implemented.  Since the Fed announced operation twist … Continued

Jefferies vs. MF Global

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Even though liquidity was what really killed MF Global, the reason that the company was susceptible to a liquidity run was because optically the amount of capital at the institution looked extremely low.  Today there’s a lot of chatter surrounding … Continued

Research In Motion New Low

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RIMM hit another new low today.  The stock can’t catch a break, probably with good reason.  Still, RIMM is a great case study of how super momentum can turn into the complete opposite when dealing in tech markets.  RIMM’s P/E … Continued

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