ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Dubai business leaders, media say woes overblown | Reuters Dubai media and several business leaders rallied to support the Gulf Arab emirate's efforts to manage its debt crisis, saying problems have been exaggerated and the impact of restructuring overblown. (tags: Dubai debt default bubbles) New crisis ahead? 5 things to watch – Jon Markman …the … Read more
The weakness in the shares of Research In Motion (RIMM) persists despite the company’s apparent initiation of its share buyback program on November 9, 2009. Two weeks ago, I used intra-day trading action to suggest that RIMM launched its share buyback program. Overall daily volume surged for three days along with price. The stock then … Read more
U.A.E. Removes Sunday London Times From Newsstands – WSJ.com The Sunday London Times newspaper was removed by authorities from shelves in the United Arab Emirates on Sunday amid intensive reporting of Dubai's debt problems, an executive at the paper said. (tags: Dubai debt default censorship U.A.E.) The Department of Lucrative Athletics – NYTimes.com The rise … Read more
While Friday’s Dubai-related selling left the S&P 500 flat for the last two weeks, Goldman Sachs (GS) dropped almost 3% and punched a new low for November (see chart below). This new low now places GS in its first short-term downtrend since February/March, and it marks a serious failure from the 50DMA resistance. This downturn … Read more
DUBAI DEBACLE – Market Nut A collection of links related to the Dubai financial debacle (tags: Dubai debt default) The collapse of an economy that was built on sand – The Independent In the years of the boom, Dubai set about building with an ambition that would have made even Ozymandias blush. (tags: Dubai debt … Read more