ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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