Category: "Financial Markets & Real Estate"

Rossputin
06/29/10

Tuesday AM market comment

This morning, the stock market opened very weak following a major sell-off in Chinese stocks overnight. Just before the market’s opening, S&P 500 futures were down about 13 points, about 1.25%. The market weakened from there, and then was… more »
Unfortunately, the Supreme Court’s ruling that part of the Sarbanes-Oxley Act is unconstitutional won’t be enough to take down the entire horrible law.  Please see my discussion of today’s Court decision at the American Spectator:… more »
Last night, the House of Representatives on a 219-206 vote passed the DISCLOSE Act, their latest assault on free speech rights of everyone but unions.  It’s their push-back against the long overdue ruling in Citizens United, a ruling which… more »
The stock market opened the day Wednesday (6/23/10) essentially flat but was hit fairly hard soon after the opening by news of a 33% plunge in new home sales for the month of May, far worse than the 19% drop which had been expected due to the end of… more »
I’m taking the day off from political blogging because my brain is always fried on expiration Thursday and Friday and I need to keep what little mental capacity I have left to try to make a few bucks on what are usually the two busiest trading… more »
I’ve been trading BP options lately.  I made a mistake yesterday by selling calls early in the day, essentially betting that the stock wouldn’t have a substantial move upwards.  Given that BP execs were going to meet with the president and… more »
My thoughts on the delisting of Fannie Mae and Freddie Mac from the NYSE are up on the American Spectator’s blog.  Please have a read here: http://spectator.org/blog/2010/06/16/how-worthless-can-they-be SHARETHIS.addEntry( {… more »
Rossputin
05/24/10

Monday market comment

I’ll keep this short because I didn’t trade today… The market got hit hard in the last hour on continued fear about European problems, and who can blame investors for selling now and asking questions later. The Euro fell about 2 full… more »
Rossputin
05/21/10

Friday market comment

Since I commented on the stock market yesterday afternoon, I’ll add a note today as well. Today was options expiration.  For an options trader (like me), the last few days of an options expiration week are extremely intense, the equivalent of the… more »
In a press conference earlier this morning lauding the passage of his horrendous financial regulation bill by the Senate, Chris Dodd said that legislation must recognize that we live in an interconnected world, Dodd said that problems from “a… more »

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I Am John Galt
Politics, economics, current events, philosophy and more, with a focus on free minds, free markets, and free people.

Following Obama's Economic Policies

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