ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Today, Google (GOOG) closed above $600 for the first time since January, 2008. This milestone places the stock right at the minimum price target I estimated for the GOOG post-earnings trade. With a month remaining before January options expiration and the stock market stuck on “cruise control” for now, I believe I have much more … Read more
A Rising Euro Poses a Threat to Parts of Bloc – WSJ.com The euro is overvalued by between 7% and 8% relative to other major currencies, and a further rise could be a "serious concern" for the more open euro-zone economies, the European Commission said. (tags: currency euro Europe) Bonds Are Signaling a Stronger Recovery … Read more
I Am a Death Panelist. I Am Not the Problem. – Economix Blog – NYTimes.com …among health economists there is near universal agreement that about 30 percent of health care spending — more than $700 billion a year — does no good. (tags: health_care)
In “That’s one long gold bubble,” Tim Ianaco created an illustrative animated graphic from Google news archives comparing the news coverage of “housing bubble,” “credit bubble,” and “gold bubble.” He rightfully observes the following: “…my understanding of how bubbles work is that they materialize rather quickly, fueled by media coverage toward the end and then … Read more
Last night, Research In Motion (RIMM) released an earnings report that exceeded analyst expectations, produced strong guidance, and was well-received by the market. I took particular interest in RIMM’s share repurchase activity. RIMM used $775M to purchase 12.3M shares at an average price of $63 per share (full details noted in Seeking Alpha’s transcripts of … Read more