ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Obama team ignores Volcker at its peril – MSN Money We ought to learn our lessons from the mistakes of the Greenspan period. It's a shame that after the near-vaporization of the financial system last year, with all the attendant consequences, so little intelligent thought has been given to how we got into the mess … Read more
On November 5, Research In Motion (RIMM) announced a buyback of up to $1.2B in shares starting November 9 and lasting for up to a year. When I read this announcement, I pounced on the stock the minute pre-market trading opened. This was quite a mental exercise for me because I had just closed out … Read more
Yesterday, the Bank of England left its interest rate at 0.50% and increased its program of quantitative easing by £25 billion to a total of £200 billion. The British pound immediately rallied on the news against all major currencies – apparently, analysts already expected the increase and were afraid the BoE might actually increase quantitative … Read more
Soon after Google’s earnings I bought a November 570/580 call spread given that the year-over-year revenue growth rate finally seems to be turning around and revenue per employee looks ready to trend upward as well. I am finally getting around to explaining the move (as I promised to do) now that GOOG has reversed all … Read more
BoE needs to increase QE by 50 bln stg-Blanchflower | Reuters Bank of England policymakers must agree to top up the 175 billion asset purchase programme when it meets on Thursday to stop the economy "dropping off a cliff," former Monetary Policy Committee member David Blanchflower said. (tags: BankofEngland quantiative_easing) The significance of the IMF-RBI … Read more
Why Do Green Energy Experts Buy Solar Stocks? | Alternative Energy Stocks Green energy experts accept that solar panels are one of the least cost effective ways to reduce your carbon footprint. Nevertheless, many buy solar stocks. They should rethink their investment strategies. (tags: solar alt_energy)
Mother of all carry trades faces an inevitable bust The Fed and other policymakers seem unaware of the monster bubble they are creating. The longer they remain blind, the harder the markets will fall. (tags: Nouriel_Roubini bubbles interest_rates Federal_Reserve monetary_policy) Schools Are Where Stimulus Saved Jobs, New Data Show – NYTimes.com The best symbol of … Read more
Whenever the market sells off, it is good to track whether the selling marks any change in character in the health of the market. Back in June, the change in character was marked by the deepest oversold conditions since March. Those conditions deepened into July and helped provide the fuel for the next strong leg … Read more
Twitter Data: An Investor’s Perspective « The Metric System Using some statistical trickery, the Twitter API, and my RJMetrics dashboard, I uncovered a ton of astonishing new information about Twitter. Here are some highlights: (tags: Twitter data_analysis) Five Steps to Consistent Profits The goal of my Super Trader program is to help people develop a … Read more
Cash for Clunkers costs taxpayers $24,000 per car A total of 690,000 new vehicles were sold under the Cash for Clunkers program last summer, but only 125,000 of those were vehicles that would not have been sold anyway (tags: automotive govt_spending) Robert Reich: Why the Dow is Hitting 10,000 While Everyone Else is Cutting Back … Read more