ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Extended Interview – George Papaconstantinou, Greece's Finance Minister | Nightly Business Report | PBS In tonight's program, NBR's Darren Gersh talks with George Papaconstantinou, Greece's Minister of Finance, about his nation's debt crisis. Mr. Papaconstantinou talks about the role speculators have played in destabilizing the Greek economy, and he also talks about whether the crisis … Read more
IMAX sold off almost 10% the day after heavy bullish trading on the stock’s options. This setback proved temporary as IMAX immediately turned around and set fresh 10-year highs on Monday. The chart below shows the recent action: *Chart created using TeleChart: The payoff on the calls has been tremendous so far. The March 15 … Read more
Europe bars Wall Street banks from government bond sales | Business | guardian.co.uk European countries are blocking Wall Street banks from lucrative deals to sell government debt worth hundreds of billions of euros in retaliation for their role in the credit crunch. (tags: Europe debt govt_spending GoldmanSachs) Governor Chris Christie’s Remarks to Mayors Chris Christie … Read more
It took a lot of patience, but Research In Motion Ltd. (RIMM) finally broke out yesterday above the $72 resistance level. The chart below summarizes the bullish technical set-up. *Chart created using TeleChart: RIMM fascinates because it is one of those stocks that attracts what I call “passionistas” – people with extremely strong and adamant … Read more
Talk of China giving up on dollar is nonsense: banker | Reuters Li Ruogu, chairman of Export-Import Bank of China, a lender tasked with supporting the country's foreign investments, said in a group interview that a collapse in the dollar's value would damage Chinese interests. China should focus instead on trying to stabilize the dollar … Read more