ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Sheila C. Bair – Will the next fiscal crisis start in Washington? Even as work continues to repair our financial infrastructure and get the economy moving again, we need urgent action to forestall the next financial crisis. I fear that one will start in Washington. Total federal debt has doubled in the past seven years, … Read more
I did not think the bulls could pull off an Act 2 defending the 50-day moving average (DMA) support on the S&P 500, but defend they did. Presumably, the stock market left behind fears of a Korean conflagration and an implosion of European sovereign debt in favor of encouraging economic news, like unemployment claims dropping … Read more
Nothing like some geo-political drama to throw in some extra uncertainty into carefully laid out trading plans. After North and South Korea exchanged pleasantries early Tuesday, the dollar’s relief rally continued in dramatic fashion with a 1.3% gain. I am now even more convinced that the dollar will, sooner than later, retest the resistance at … Read more
PV Module Industry: Volume is Vanity, Profit is Sanity warns IMS Research | Solar Feeds News Network Despite shipments of PV modules set to grow in 2011, rapid price erosion may see a decline in market revenues next year according to the latest analysis from IMS Research. A detailed analysis of key industry metrics revealed … Read more
On Thursday, the stock market was rallying but Lender Processing Services (LPS) was selling off on high volume. At its lowest point, within an hour of trading, LPS was down 7.5% on heavy volume. The stock recovered the rest of the day to close down 3.5%. It turns out that LPS was mentioned during testimony … Read more