ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Kass: Sell the News | Market Features | Financial Articles & Investing News | TheStreet.com The conventional view is that the Massachusetts election result will kill health reform and, thus, is bullish for health care stocks and for the market as a whole, but, for several reasons, I think that the crowd could prove mistaken … Read more
I did not think I would consider (this soon) whether the dollar’s short-term downtrend is ending. I thought this month’s unemployment report put an end to the dollar’s relief rally, but the dollar has surged in the past 3 days to recover all its losses since the most recent peak in mid-December. Even the Australian … Read more
F.H.A. to Raise Standards for Mortgage Insurance – NYTimes.com The Federal Housing Administration, which is supporting the housing market by insuring thousands of new mortgages every day, is expected to announce on Wednesday that it is tightening standards. (tags: housing FHA mortgage) King Says ‘Low’ U.K. Money Supply to Curb Inflation (Update1) – BusinessWeek Bank … Read more
Looking for signs of life in the commercial real-estate (CRE) business has now become an earnings season ritual for me. If construction activity serves as a leading indicator of CRE’s future health, then Fastenal’s report on fourth quarter and annual earnings demonstrates once again that CRE continues to deteriorate, not improve. Fastenal (FAST) reported “…continued … Read more
Why America and China will clash – FT.com / Columnists / Gideon Rachman The reason that the Google case is so significant is because it suggests that the assumptions on which US policy to China have been based since the Tiananmen massacre of 1989 could be plain wrong. The US has accepted – even welcomed … Read more
Stimulus program to weatherize homes has a cold start | ajc.com Months after millions of federal stimulus dollars started pouring in to Georgia to weatherize the homes of low-income people, state contractors have done little of the work. (tags: Georgia govt_stimulus weatherization)
Stimulus program to weatherize homes has a cold start | ajc.com Months after millions of federal stimulus dollars started pouring in to Georgia to weatherize the homes of low-income people, state contractors have done little of the work. (tags: Georgia govt_stimulus weatherization)
The market delivered another tepid response to another stellar earnings report from Intel (INTC). After October’s earnings report, I argued that INTC was hitting peak performance. Trading following that report seemed to support my expectation. Trading after Thursday night’s earnings looks like an exclamation point on what is a potential climactic top in INTC. Prior … Read more
Last week produced some ominous chart patterns in important individual stocks. I already covered Google (GOOG) and its rare retest of support at the 50-day moving average (DMA). While I still think GOOG will succeed in its retest in the near-term, I am not so sanguine about other ominous charts. Caterpillar (CAT) survived potential climactic … Read more
Prominent properties get foreclosure notices, portend trend | ajc.com Notices of foreclosure have been placed on two more high-profile properties in Atlanta, a development observers said may be a harbinger for the industry in 2010. (tags: Atlanta Georgia foreclosure commercial_real_estate) Germany plans solar subsidy cuts from April-sources | Markets | Reuters The German government plans … Read more