ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
For the second straight quarter, Toll Brothers (TOL) provided a preliminary quarterly report that ignited the stock as sales volumes once again surpassed expectations. Robert I. Toll, chairman and CEO, explains: “Our fourth-quarter unit deliveries exceeded the high end of our range of guidance due to the delivery of a higher percentage of our backlog, … Read more
Fitch Says U.K. Rating Most at Risk Among Top-Rated Nations – Bloomberg.com he U.K.’s sovereign credit rating is most at risk among top-rated nations, Fitch Ratings said, citing concern over the country’s budget deficit. (tags: United_Kingdom govt_spending debt) Life on Severance: Comfort, Then Crisis – WSJ.com Mr. Joegriner is a member of what might be … Read more
On a strong market day, RIMM opened up over 2% and, at the time of writing, is up over 4% on the day. RIMM’s share repurchase period begins today, and, so far, so good for propping up the stock. Yesterday, I expressed my doubts that RIMM would spend the entire $1.2B that its board authorized, … Read more
Obama team ignores Volcker at its peril – MSN Money We ought to learn our lessons from the mistakes of the Greenspan period. It's a shame that after the near-vaporization of the financial system last year, with all the attendant consequences, so little intelligent thought has been given to how we got into the mess … Read more
On November 5, Research In Motion (RIMM) announced a buyback of up to $1.2B in shares starting November 9 and lasting for up to a year. When I read this announcement, I pounced on the stock the minute pre-market trading opened. This was quite a mental exercise for me because I had just closed out … Read more