ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
I was about a month premature and about 19% in missed gains when I flagged the potential start of a parabolic move in silver. Or perhaps my definition of a parabolic move should have been more expansive. Either way, silver’s behavior over the past four trading days definitely has taken on the tipsy look of … Read more
German Finance Minister attacks Fed move again : report | Reuters German Finance Minister Wolfgang Schaeuble renewed his criticism of the U.S. Federal Reserve's move to buy $600 billion worth of government bonds, saying it undermined U.S. credibility and created uncertainty, according to a German magazine. (tags: monetary_policy Germany Federal_Reserve quantiative_easing)
Ahead of last week’s big events, I suggested that the market was setting up for a surprise reaction. So far, the biggest surprise has been the timing of the market’s big rally reaction after the election and the Federal Reserve’s announcement of quantitative easing and before the unemployment report. But that is not the surprise … Read more
Ben S. Bernanke – What the Fed did and why: supporting the recovery and sustaining price stability While they have been used successfully in the United States and elsewhere, purchases of longer-term securities are a less familiar monetary policy tool than cutting short-term interest rates. That is one reason the FOMC has been cautious, balancing … Read more
Integrated solar manufacturer ReneSola Ltd. (SOL) reported strong earnings results Friday morning. The summary from the company’s presentation says it all: SOL’s push downstream into the module production business has had a very positive impact on the business. Revenue and earnings growth accelerated in the third quarter. (Click for a larger view – I highly … Read more