ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Excerpt from an article I published on Seeking Alpha. Click here to read the entire piece: Google (GOOG) is down 9.2% since reporting earnings April 14 and now sports a forward earnings multiple of 13. At $525, GOOG is at 7-month lows and is again close to the psychologically significant $500 price level. This combination … Read more
Dangerous Views of Volatility: Pay attention to the VIX, but don't just follow the crowd – Barrons.com The market remains schizophrenic. One day, stock prices tumble because Standard & Poor's questions the credit rating of the United States, and investors panic and sell and fret, and the front pages of many newspapers are apocalyptic. The … Read more
It seems the Federal Reserve may maintain some excuse to keep printing money. Hundreds of billions printed in the name of economic recovery and inflation can be seen almost everywhere except the housing market, one of two of the Fed’s main targets – the other being employment. (See “Inflation Watch” for running highlights of stories … Read more
Gillard Says Japan, Australia to Cooperate on Clean Energy – Bloomberg The two countries reaffirmed their commitment to implement a free-trade agreement under negotiation since 2007, Australian Prime Minister Julia Gillard said today in a speech in Tokyo. Gillard met yesterday with Japanese Prime Minister Naoto Kan and promised Japan steady supplies of liquefied natural … Read more
(The following news release is satire and reflects my own cynical interpretation of recent news events. But as they say, there is always some truth in humor.) On Thursday, Attorney General Eric Holder introduced the country to the Oil and Gas Price Fraud Working Group to “…focus specifically on fraud in the energy markets” by … Read more