ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
When news broke of SEC charges of fraud against GS, investors quickly dumped DB out of fear that the SEC would soon target DB for its involvement in creating toxic collateralized debt obligations (CDOs). While the selling in GS has gained momentum, the selling in DB has ever so slightly reversed. On Monday, GS broke … Read more
Toll Brothers (TOL) has disappointed market participants with its earnings reports over the past 12 months. For example, December’s earnings generated a one-day drop over 7% that finished eliminating a strong gap up in response to November’s preliminary report. However, February’s earnings barely generated a yawn. A week later, the stock resumed an uptrend that … Read more
Goldman's Defense: We Lost Money on Subprime Market – CNBC When Goldman Sachs CEO Lloyd Blankfein and six other company executives testify before a Senate subcommittee on Tuesday there likely will be talk about how the firm manages risk, a lot about how they took actions to protect the firm and its clients during the … Read more
The Busted Homes Behind a Big Bet: Personal Finance News from Yahoo! Finance The government's civil-fraud allegation against Goldman Sachs Group Inc. centers on a deal the firm crafted so that hedge-fund king John Paulson could bet on a collapse in U.S. housing prices. It was a dizzyingly complex transaction, involving 90 bonds and a … Read more
On April 1, 2010, the Swiss National Bank (SNB) apparently intervened to arrest the appreciation of its currency against the euro, and I wondered whether this action would be as futile as all the other interventions this year. So far, so good for the SNB, as the previously persistent buyers of Swiss francs have all … Read more