Category: "Financial Markets & Real Estate"

MF Global and CFTC's Epic Fail

In December, 2010, the Commodity Futures Trading Commission considered a rule change which would have prevented futures brokers from investing their firm's money or borrowed client money in foreign sovereign debt. Jon Corzine, then CEO of MF Global, lo… more »

Sell first, ask questions later

On Monday, I sent the following note to a friend of mine who also pays close attention to financial markets (though he's not trading every day like I am): Now they're going to go from worrying about Greece to worrying about Italy...which is a m… more »

So long, debit card fees

Following the passage of the "Durbin Amendment" to the Dodd-Frank financial regulation bill -- an amendment which cut the fees that debit card providers can charge merchants per transaction -- Bank of America created a furor by announcing a $5 per month… more »

Lessons of Netflix

In July, Netflix stock neared $300 per share. Then they announced a price hike, raising both their DVD-by-mail and Internet-based streaming movie service from about $10 per month to about $16 per month. Their customers revolted, and the stock price went… more »

Market thoughts

Yesterday, I e-mailed a friend of mine who is also a trader and told him that I thought wherever the S&P 500 stock index futures were with 30 minutes to go in the trading day would point to where they would go in the last half hour.  In the fifteen or… more »

Markets shout at Operation Twist

Following yesterday’s meeting of the Federal Open Market Committee (“FOMC”), the financial headlines were about "Operation Twist", the risky and destined-to-fail Federal Reserve strategy of “extend(ing) the average maturity of its holdings of… more »

Markets vomit all over their shoes

Yesterday, while we were "celebrating" Labor Day, European stocks crashed, with most major European averages losing more than 4% and German losing over 5%. This follows a 2.2% drop in the US on Friday following the disastrous August jobs report showing… more »

Stock market crashing

Half an hour after the market opening, the S&P 500 is down close to 5% and the Nasdaq down more than 5%. The yield on the 10-year note has fallen to 2%, the lowest in history that I am aware of. We're seeing a combination of fears, from European debt to… more »

Market whiplash

If you think recent market plummets and bounces seem like an investor roller-coaster, just imagine how traders -- like me -- feel. To be frank, I've been on vacation and not trading through this incredible turmoil, a lucky thing indeed because I probab… more »

Overnight market

I haven't figured out why yet, but overnight there was a rally in every commodity that I watch.  Oil went from down $1 to up $1.50.  Gold went from flat to up $11.  Silver went from down 10 cents to up 55 cents.  Wheat and soybeans are also up. One news… more »
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