ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
While unemployment seems to have crested, the outlook for jobs growth is as dark as ever. Cintas (CTAS), a maker of work uniforms, reported disappointing earnings yesterday evening and provided a dour outlook on the jobs market: “We anticipate that when job recovery does occur, it will be a slow and lengthy process. In addition, … Read more
By now, everyone has noticed that the inverse relationship between the stock market and the U.S. dollar has broken. For December, the U.S. dollar index is up a healthy 4.7% while the S&P 500 is up 2.1%. I created two charts to demonstrate the dramatic nature of the change relative to trading before December. The … Read more
Today, Google (GOOG) closed above $600 for the first time since January, 2008. This milestone places the stock right at the minimum price target I estimated for the GOOG post-earnings trade. With a month remaining before January options expiration and the stock market stuck on “cruise control” for now, I believe I have much more … Read more
A Rising Euro Poses a Threat to Parts of Bloc – WSJ.com The euro is overvalued by between 7% and 8% relative to other major currencies, and a further rise could be a "serious concern" for the more open euro-zone economies, the European Commission said. (tags: currency euro Europe) Bonds Are Signaling a Stronger Recovery … Read more
I Am a Death Panelist. I Am Not the Problem. – Economix Blog – NYTimes.com …among health economists there is near universal agreement that about 30 percent of health care spending — more than $700 billion a year — does no good. (tags: health_care)