ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Two weeks ago, I noted Rio Tinto (RIO) as a prime short as a late responder to the on-going collapse in iron ore prices. On Monday (September 22), it broke down. Typically, I close out fortuitous short positions on such swift moves, but I am projecting RIO to go a lot lower over the next … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on January 7, 2013. Click here to read the entire piece.) Back in September, one of the big stories was the plunge in iron ore prices to three-year lows around $87/ton. With prices down over 50% from the record high of $191/ton … Read more
This is an excerpt from an article I originally published on Seeking Alpha on December 28, 2011. Click here to read the entire piece.) The Federal Reserve’s second phase of quantitative easing (QE2) is slowly becoming a distant memory…{snip} The stark contrast between winning and losing stocks (S&P 500 index versus many commodity stocks) leaves … Read more