Category: "Financial Markets & Real Estate"

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 hit… more »

Sarbanes-Oxley survives Supreme Court verdict mostly unscathed

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:http://spectator.org/blo… more »

Dems destroying our republic with remarkable speed

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 overturned som… more »

Wednesday morning market note: hard to be bullish here

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 gove… more »

Thoughts on June options expiration

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 days of th… more »

BP news and trading recap from Wednesday

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 that there was… more »

Fannie and Freddie to be delisted from NYSE

Fannie Mae (FNM) and Freddie Mac (FRE), the unholy devourers of taxpayer money in service of liberals' utopian visions of letting people with low incomes own homes they can't afford, are to be delisted from the New York Stock Exchange because of stock pr… more »

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 cents against… more »

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 playo… more »

Is Chris Dodd an idiot savant or just an idiot?

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 small count… more »
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