ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
(This is an excerpt from an article I originally published on Seeking Alpha on March 5, 2012. Click here to read the entire piece.) {snip}…this is a good moment to describe finally why I recently sold my long-term holdings in the Rydex CurrencyShares Australian (FXA). {snip} Never once have I pondered the possibility of the … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on February 13, 2012. Click here to read the entire piece.) Whirlpool (WHR) has gained 29% since reporting fourth quarter and full-year earnings on the morning of February 1. At the time, WHR represented an explosive combination of a business turning around … Read more
Soon after I finally posted my review and critique of Robert Reich’s book on income inequality titled “Aftershock: The Next Economy and America’s Future,” Reich published commentary which extended his analysis of income inequality to blame investors and shoppers for the problem. The concise argument appeared in an editorial in the Financial Times called “We … Read more
This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2012. Click here to read the entire piece.) Mainly thanks to a plunging euro (FXE), the U.S. dollar index (UUP) now sits at 52-weeks highs set in January, 2011. When the Federal Reserve telegraphed its second round of quantitative … Read more
According to “Building a Better America One Wealth Quintile at a Time” by Dan Ariely and Michael I. Norton, Americans are generally misinformed about the true distribution of wealth in America. Robert Reich’s “Aftershock: The Next Economy and America’s Future” represents an insightful and creative approach to educating the reader on income inequality and potential … Read more
This is an excerpt from an article I originally published on Seeking Alpha on January 12, 2012. Click here to read the entire piece.) I last provided a comprehensive review of the housing market on September 29, 2010 in “Still Expecting Housing to Bounce Along the Bottom Until 2013.” At the time, I reiterated the … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 29, 2011. Click here to read the entire piece.) In early November, I wrote that a turnaround finally seems to be materializing for Lender Processing Services (LPS). Regulatory and legal issues have long been a severe overhang for LPS, so … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 5, 2011. Click here to read the entire piece.) The Australian dollar was a particularly strong beneficiary of last week’s bullish euphoria. Although the dollar index has only lost about 1% since its most recent peak on Friday, Nov 25, … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 27, 2011. Click here to read the entire piece.) The Conference Board of Canada anticipates stronger growth in Canada over the next two years. The sovereign debt crisis in Europe represents the most significant downside risk to this forecast: {snip} … Read more
This is an excerpt from an article I originally published on Seeking Alpha on November 27, 2011. Click here to read the entire piece.) The U.S. dollar’s role as a “safety” currency has finally returned although the market has only reluctantly marched back to the dollar’s printing presses. This year’s first two market swoons sent … Read more