ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
CNBC Realty Check Blog — Diana Olick: National Home Prices Double Dip Home prices have double dipped nationwide, now lower than their March 2009 trough, according to a new report from Clear Capital…Sales of bank-owned (REO) properties hit 34.5 percent of the market, according to the survey, resulting in a national price drop of 4.9 … Read more
I thought TBT’s (ProShares UltraShort 20+ Year Treasury) successful test of the 200-day moving average (DMA) back in March would mark the beginning of a fresh extended run higher. Instead, the declining 50DMA marked the true short-term trend, and, for the second time in a month, TBT failed to break that resistance. At the end … Read more
Euro Debt Crisis – Greek 'Soft Restructuring' to Precede 'Hard' One – CNBC A request for an extension to the repayment period on Greece’s bailout loan from the International Monetary Fund and the European Union could be a precursor to the full restructuring of the country’s debt, analysts say. (tags: Greece debt default restructuring govt_spending … Read more
BTU International (BTUI) is a global supplier of advanced thermal processing equipment and processes to serving markets in solar cell, nuclear fuel and fuel cell manufacturing as well as electronics assembly and semiconductor packaging. Before reporting disappointing earnings Tuesday evening, BTUI had a market cap of $117M. This small company caught my big interest after … Read more
Today, Pan American Silver Corporation (PAAS) issued a press release confirming my earlier assumption that its mining operations in Bolivia would not be impacted by the Bolivian government’s efforts to further nationalize its resource industries (see “Despair Deep in the Silver Mines: Another Opportunity to Buy Pan American Silver“). “On May 1, Bolivian President Evo … Read more