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