ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
US Firms Facing too Many 'Headaches' in China: Locke – CNBC Chinese policies that promote domestic firms and create barriers against foreign ones could cause American companies to lose interest in China, U.S.Commerce Secretary Gary Locke said on Thursday. (tags: trade_policy China) Washington Bickering Leaves Little Hope for Change – WSJ.com It's becoming increasingly clear … Read more
At the end of December, I suggested that the post-earnings trading in U.S. Steel (X) and Nucor (NUE) would be explosive based upon stealth rallies from the November lows that occurred despite a strong accumulation in puts and shorts on those stocks. On Tuesday, both steel companies delivered disappointing earnings that included cautions regarding continued … Read more
In my last piece on Google (GOOG), I neglected to post an update to my chart on the company’s revenue metrics using the 2009 fourth quarter earnings report. The chart below shows that revenue per employee has now returned to the highs at the beginning of GOOG’s existence as a public company. Assuming that net … Read more
Dissecting the Media's 'Gloom and Doom' Short-term indicators, such as the AAII survey, are showing bumps in the road, as they swing from bullish to bearish extremes. However…we continue to see long-term disbelief by the major media in regard to the market's performance. This is all the more remarkable because it's counter-trend to what the … Read more
I last wrote about the Brazil Index Fund ETF (EWZ) at the end of the sharp correction in October. At that time, the big headline was that EWZ had lost all its gains from the Olympics-driven rally, and I was anticipating buying EWZ at the end of a total correction of 20% from the closing … Read more