ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
It seems traders in ReneSola (SOL) are moving one step too slowly. Options traders loaded up on Oct 7.5 calls earlier this month, only to be greeted with last week’s news that SOL’s revenues would come in a little light based on weaker than expected pricing. SOL also announced a fresh offering of 14.4M in … Read more
On Friday, Federal Reserve Governor wrote an op-ed piece in the Wall Street Journal titled “The Fed’s Job Is Only Half Over.” In this piece, he suggested that while “…longer-term inflation expectations are stable, and economic conditions are likely to warrant exceptionally low levels of the federal-funds rate for an extended period…prudent risk management indicates … Read more
I suggested on Friday that old mercantile forces would start to gripe if the Japanese yen continued to rise too far. Sure enough, Reuters reports this morning that the Japanese Finance Minister, Hirohisa Fujii, is backing away from earlier remarks he has made essentially welcoming a stronger currency. Fuji even went so far as to … Read more
Today has been a wild day in the financial markets, and I almost hesitate to jot down my thoughts before the close of trading. However, I will be shutting things down to get the weekend started as soon as possible, so I am writing now while thoughts remain fresh. There is no one theme I … Read more
When everyone is a contrarian, no one is a contrarian. I consider this a corollary to the famous quote from Humphrey Neill: “When everyone thinks alike, everyone is likely to be wrong” (from a book I really enjoy but inconsistently apply “