ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Last week, I noticed media headlines screaming the horrible news that “Crude steel output in 2009 to hit lowest level in 40 years.” As I searched for the direct source of this quote from Japan’s Ministry of Economy, Trade, and Industry (METI), I stumbled upon its “Preliminary Report on Iron and Steel, Non-ferrous metal, and … Read more
While I feel bad for Chicagoans and America for losing out on the bid for the 2016 Summer Olympics, I am very excited for Brazil. It is about time South America got the chance to host these games. My one Olympics experience was in Atlanta in 1996. I had a lot of fun back then, … Read more
Toward the end of September, I argued that VXX, the iPath S&P 500 VIX Short-Term Futures, was making a bottom. While some kind of bottom has been confirmed with the spike in volatility last week, the VXX has proved to be a dud in following this spike. While the VIX has popped about 29% from … Read more
Thursday’s stock market sell-off could finally be the start of the sharp Fall correction I have speculated about in various forms for months now. The extent of the technical damage and the heavy distribution of stock certainly seem to have put a ceiling on stock prices for now. Solar stocks were heavily hit as speculative … Read more
We have all heard the claims that traders take the summer off, choosing to exchange their flashing computers for the calm, cool breezes of the beaches of the Hamptons, Martha’s Vineyard, etc… Yet, year after year, it has appeared to me that summers deliver plenty of noteworthy trading action. I finally decided to take a … Read more