ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Earnings excitement is one casualty of the current selling in the market. Several big cap stocks and multinational companies generated a lot of hype and attention from their earnings results this quarter. A number of those gains have been erased and then some. Four stocks have attracted my particular interest: Apple (APPL) – A market … Read more
The financial markets finally got a bailout package for Greece – and they vigorously sold off on the news. (Yes, there are plenty of other negatives out there as well…all ignored until now). The good news is that the S&P 500 remains higher than it was back in January when the stock market last cared … Read more
EconomPic: Not Sustainable Real consumption is far outpacing real compensation – an unsustainable divergence. (tags: economy consumer_spending income) Trichet May Need to Rewrite ECB Rule Book to Tame Greek Threat – Bloomberg.com European Central Bank President Jean- Claude Trichet, who capitulated on a January pledge not to relax lending rules for the sake of one … Read more
"Buy" Means "Sell" in Goldman's World – MoneyShow.com The whole exercise proved how removed Goldman and Wall Street are from the most basic standards by which the rest of us to do business, and how unaware they seemed to be of it. Except occasionally for Blankfein and Viniar, Goldman’s witnesses couldn’t say whether what they … Read more
Australia to Impose 40% Tax on Profits of Resource Companies – Bloomberg.com Australia will impose a 40 percent tax on the profits of resource companies like BHP Billiton Ltd. and Rio Tinto Group to pay for infrastructure, retirement and company levy reforms as part of the nation’s broadest overhaul of its tax system since the … Read more