ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
For a few months, I have intended to write an update on lithium ion battery company Ener1, Inc. (HEV) since I took exception with an analyst’s dismissal of the company in late July of this year. The stock remained firm since then, and I was thinking it was a bullish sign. HEV reported earnings last … Read more
Bloomberg summarized the latest missive from Bill Gross in a piece called “Fed Easing to Signify End of Bull Market, Gross Says.” Gross called an end to the 30-year bull market in bonds thanks to the the Federal Reserve’s planned second round of quantitative easing. I decided to read Gross in his own words, and … Read more
Oh to have the resources of China. The Financial Times reports in “China sits on up to $1.5bn in copper profits” that China has cleaned up in betting against the deflationary fears that gripped much of the planet in 2008-2009: “Beijing’s bet that a ‘super-cycle’ in metals markets would keep copper prices high, despite the … Read more
Bill Fleckenstein, President of Fleckenstein Capital and one of my favorite money managers, was on CNBC’s Fast Money Wednesday night giving his typical, colorful commentary on gold. I am posting an approximate transcript to his brief interview because it included what I think should be a classic moment in gold commentary. Toward the end of … Read more
Last week, the iShares Barclays TIPS Bond Fund (TIP) surged to a fresh 2-year closing high on the same day the Federal Reserve issued its latest monetary policy statement. (TIPS = Treasury Inflation-Protected Securities – I will refer to “TIPS” when discussing the actual bonds and use “TIP” to refer to the ETF that uses … Read more