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Month: May 2010


  • Iron Capital Perspectives
  • May 20, 2010
  • Michael D. Smith

A Greek Tragedy

Today marks the first technical correction (commonly defined as a price decline of at least 10%) that we’ve seen since the beginning of the current bull market that began in March of 2009.  We first referred to the possibility of a correction in our February 4th Insight and while we were a little early in…


  • Iron Capital Perspectives
  • May 6, 2010
  • Chuck Osborne

What Does This Button Do?

Just after 2:30 p.m. today one of our analysts stormed into my meeting to tell me the market had just plunged 8% in a matter of minutes. At first I thought he must be wrong. I have been through some big market declines, but this was the biggest thing since 1987. Indeed, the Dow had…