ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Greece Remains a Political Time Bomb – Inner Workings Although Greece is an EC member, its finances and political system have the character of a banana republic. EC membership, though, enabled Greece to borrow far more money than any banana republic, such that the country’s debt-to-GDP ratio is about triple that of Argentina just before … Read more
Citi Unveils Deed in Lieu of Foreclosure Program – WSJ The CitiMortgage pilot program provides incentives for more borrowers to use a procedure known as a “deed in lieu of foreclosure,” in which the borrower voluntarily transfers ownership of the home to the lender, which then cancels the mortgage debt. Aside from letting such people … Read more
Nowhere is a destination for the average solar stock these days. For example, TAN, the Claymore/MAC Global Solar Energy ETF, has been stuck in a trading range since May of last year. 16 months ago, TAN was selling at the current price of $8.33/share. This dramatic under-performance (for example, relative to the S&P 500) will … Read more
Don't expect market bounce to last, technician John Roque says Whatever the outcome of Europe's debt crisis, "we don't think this bounce is going to be long lived," says our guest John Roque, technical analyst at WJB Capital Group. (tags: trading_strategy technical_analysis) FRB: Testimony–Bernanke, Federal Reserve's exit strategy–February 10, 2010 Federal Reserve's exit strategy (tags: … Read more
China orders retreat from risky assets – Telegraph China has ordered managers of its vast currency reserves to withdraw from risky dollar assets and retreat to core debt guaranteed by the US government, a clear sign that Beijing is battening down the hatches for fresh trouble on global markets. (tags: China currency monetary_policy) Bank [of … Read more