ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
“IPOs Boost Demand for Silicon Valley Mansions” – Bloomberg “US Housing Crisis Is Now Worse Than Great Depression” – CNBC These two headlines from Tuesday’s financial press describe well the dichotomy in America’s two-speed economy. Corporate profits have never been better but employment has rarely been worse. The housing market in Silicon Valley is benefiting … Read more
(This is an excerpt from an article I originally published on Seeking Alpha. Click here to read the entire piece.) Before Apple (AAPL) reported earnings, I reviewed the tea leaves in the chart guessing that the stock was getting ready to make its next sprint higher despite what looked like increasing distribution in the stock. … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) On Friday, briefing.com reported that rumors hit the trading floors that Cisco (CSCO) might make a buyout offer for Research In Motion (RIMM). The rumor was good for a brief 2-hour or so pop before the … Read more
(This is an excerpt from an article I published on Seeking Alpha. Click here to read the entire piece.) Research In Motion (RIMM) has been trapped in a steep decline since hitting 9-month highs in February. The downward momentum finally came to a halt after the stock retested 52-week lows on May 16th. {snip} *Chart … Read more
California governor Jerry Brown surprised the state by announcing $6.6B in additional tax revenues that were not expected in the last tax year. In the context of Silicon Valley’s frenetic scramble for new hires, perhaps these revenues would be much less surprising. The job market is hot for engineers, start-ups are getting funded (and acquired), … Read more