DFS new leverage targets

posted in: Notes, Uncategorized | 0

Though it probably seemed like it would be a long time before leverage came back to the financial system, the following comment from Discover caught my eye on its most recent conference call. The company is moving from benchmarking equity … Continued

Fed Liquidity Swaps

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Late last year the Fed reinitiated liquidity swaps with foreign central banks (read: Europe).  If memory serves, the move was good for a 3%+ rise in the S&P 500.  Now that the crisis in Europe is slowing down for the … Continued

Dow Recovery From 1929

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The good people at Bespokeinvest.com just posted a long term chart of the S&P 500 and Nasdaq which highlighted that while the S&P is only 11% from its all time high, the Nasdaq is still more than 60% away.  For historical comparison, … Continued

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