ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
This is an excerpt from an article I originally published on Seeking Alpha on October 30, 2011. Click here to read the entire piece.) {snip} Today, I am going to try again to make the case that LPS is potentially turning around. Here are the main points and observations: Short interest is down 34% from … Read more
Robert Reich recently asked “Which do you trust more: democracy or financial markets?” His article was written in response to Greek Prime Minister George Papandreou’s proposal to hold a national referendum on whether to accept the conditions of a bailout on their unserviceable government loans. He concludes the piece asking readers whether we should “…rule … Read more
Goldman Sachs (GS) is the company everyone loves to hate. This sentiment makes a potential bottom in the stock, potentially explosive. Since mid-September, buying volume in GS has significantly dominated selling volume. In the past 2 days, GS has gained 16%, producing a very strong breakout above the downtrend formed by a declining 50DMA. I … Read more
(Originally published in Inflation Watch) Under Alan Greenspan, the Federal Reserve was known to stand on the sidelines while bubbles in asset prices grew and grew. Greenspan had a lot more faith in the Federal Reserve’s ability to mop up the subsequent mess caused by a bubble’s collapse than in its ability to stop a … Read more
Panicked Savers Now Paying for Bank Deposits – CNBC Bank of New York says it will charge 0.13 percent on accounts with an average monthly balance of more than $50 million. That's 0.03 percent above the 0.10 percent the bank pays to insure deposits with the FDIC. (tags: banking FDIC interest_rates)
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) After discovering that shorts ramped ahead of earnings for Research In Motion (RIMM), I decided to check in again on the short interest in Lender Processing Services (LPS)… {snip} Source: NASDAQ.com So LPS caught bulls … Read more
Gretchen Morgenson and Josh Rosner wrote Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon to describe how the recovery from the financial panic and recession have resolved little and have left the economy at tremendous risk for an even larger crisis. Aaron Task interviews the authors on Yahoo! Finance’s Daily Ticker. … Read more
Last week, CNBC interviewed Visa (V) CEO and Chairman Joseph Saunders. The title “Building the Digital Wallet” caught my attention because I am invested in Blaze Mobile, a start-up whose main product, Blaze Mobile Wallet, enables mobile payments, banking, and ticketing. Visa invested in mobile payment start-up Square in April, 2011, and the company’s plan … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) It has been a while since I last looked at Deutsche Bank (DB). At that time, I was focused on a pairs trade strategy versus Goldman Sachs (GS). So when I noted last week that GS … Read more
Every now and then, I check in on the chart of Goldman Sachs (GS) as a potential indicator of the underlying health of the stock market. This year, I have been consistently surprised at Goldman’s persistent relative weakness compared to the general market. After recently refreshing my chart of the S&P 500 price in gold, … Read more