ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
The stock for Toyota Motors (TM) broke below the key support line of the 200-day moving average today. Since peaking in August, TM has lost 12%. TM now looks poised for a test of the summer’s lows and perhaps even retesting of March price levels. *Chart created using TeleChart: TM is a major component of … Read more
The Bank of England (BoE) released its “Inflation Report” on November 11, 2009. This was my first time ever reviewing the report and watching BoE Governor Mervyn King in action as he coolly parried with reporters during the press conference covering the report. The latest Inflation Report frequently references the benefits of the depreciation of … Read more
The Debt Buildup The federal government's debt, stoked for years by deficit spending, has surged because of the economic crisis…when interest rates begin to rise, the government will face problems similar to those of homebuyers who took out teaser rates that jump after one or two years. (tags: debt deficit govt_spending)
Mismeasuring inflation « Inflation Watch As was the case in 2007-08, there is a discrepancy between the Case-Shiller index and the owners’ equivalent rent component of CPI, but this time the mismatch causes inflation to be under-reported rather than over-reported. (tags: housing inflation) China should stop property stimulus now -c.bank paper – Forbes.com China should … Read more
Goldman Sachs (GS) has been a bellwether stock since the November lows. GS displayed relative strength when its March lows remained around 50% higher than the November lows. Since then, GS has followed a strong, upward trendline that led the general stock market before hitting its most recent peak in October. However, in November, the … Read more