ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The Future of American Jobs – Robert Reich …even if we enjoy a vigorous recovery that produces, say, 300,000 net new jobs a month, we could be looking at five to eight years before catching up to where we were before the recession began. (tags: unemployment economy recession)
I had forgotten all about bond insurer Ambac Financial Group (ABK) – one of the many hobbled poster children of the recent financial panic. I sure did not realize the company is still limping along and even trading on the NYSE. So, imagine my surprise when I learned that ABK doubled on Monday to add … Read more
MasterCard Set to Open An Online Shopping Mall – NYTimes.com Through a new partnership with an Internet company that specializes in personalized shopping, MasterCard is set to introduce a Web shopping mall on Monday that it says can pinpoint with considerable accuracy what its cardholders are likely to purchase. The site, called MasterCard Marketplace, relies … Read more
Greece Wins EU45 Billion Aid Pledge to Blunt Crisis (Update3) – Bloomberg.com European governments offered debt- burdened Greece a rescue package worth as much as 45 billion euros ($61 billion) at below-market interest rates as they try to end its fiscal crisis and restore confidence in the euro. (tags: Greece debt euro IMF)
I was very skeptical of Bernie Schaeffer’s choice of XRT, the SPDR S&P Retail ETF, as one of his top three recommendations in late November. He chose XRT as a contrarian play in the face of heavy skepticism about the health of the consumer. XRT slogged and churned for over two months before breaking out … Read more