The S&P 500 Today Versus The 2007 Peak [View article]
Just so I understand correctly: the premise of this article is that because we're trading at lower p/e than an all-time bubble high, r/r at these levels is favorable?
Another "Flash Crash" in the financial markets could happen at any moment because of high frequency trading, warns former hedge fund analyst David Lauer. These disasters are causing retail investors to flee the equities market - $283B already since the Flash Crash in May 2010 - and their flight during a period of incredible stock market returns is a sure sign this exodus is a result of mistrust rather than economic conditions. And it's simply "a matter of time" Lauer says, "before we have another." [View news story]
That's all good and well, buying dips, etc., but what about the flash crash that creates deeper systemic turmoil? Some folks think that the Knight situation, if it hadn't been handled as well as it was, could have created problems bigger than a quick crash and rebound. Is there a point at which the HFT's have their Lehman moment? It's possible.
Another "Flash Crash" in the financial markets could happen at any moment because of high frequency trading, warns former hedge fund analyst David Lauer. These disasters are causing retail investors to flee the equities market - $283B already since the Flash Crash in May 2010 - and their flight during a period of incredible stock market returns is a sure sign this exodus is a result of mistrust rather than economic conditions. And it's simply "a matter of time" Lauer says, "before we have another." [View news story]
If You Own These Stock Sectors, Tighten Your Stops! [View article]
Thanks for the read Marc. I noticed that transports broke down in sync with the indexes today but never rallied alongside them. Treasuries, USD, HDGE etf -- all are at pre-FOMC levels. In addition, SP500 rallied from EXACTLY 1450 on fairly low volume. Op-Ex PPT? I'm battening down the hatches.
Paulo, I entirely respect your opinions and generally appreciate your articles. Still, I have a hard time imagining that the central bank will continue to play the role of PPT in perpetuity. In fact, I see the foregrounding of these concerns in bearish circles as a pretty good sign that a correction is due. Well, overdue. But, October is upon us and Romney is busy declaring Obama the winner (is 47% enough to win?), so I tend to think that we'll get a chance to see whether you're right in the coming weeks (not 15% but, perhaps 5-10).
The thing that I find interesting, that hasn't been picked up by commentators yet, is that "QE infinity" could actually be viewed from another perspective: as a way of saying "no more giant injections of QE", as in, a steady but declining drip to get the addict weaned from the drugs. Seems like any central banker would prefer a slow decline to a crash, which I do believe would have been the result of "no QE". Maybe the Fed isn't as ignorant of inflation/difficulty to unwind/burdens being placed on elderly/contravention of the Fed's own Taylor rule. I say this not to defend the fed, but rather to propose another way to look at things. In other words, can we actually assume that the fed is going to do as much printing as the higher estimates predict?
HTC announces the eponymous Windows Phone 8X and 8S. The phones feature relatively modest 4.3" and 4" displays, respectively, and are powered by Qualcomm (QCOM) Snapdragon processors. After handling the 8X, The Verge's Tom Warren thinks its design and weight allow it to hold own against Nokia's (NOK) Lumia 920, even if its camera is inferior. Nokia isn't amused by the announcement, and probably isn't happy with HTC's marketing deal with Microsoft either. (Stephen Elop) [View news story]
Having sold at 3.10, I have to agree that NOK fades from here for a bit. Not because of any competition from HTC, but just because it's high beta, overbought and this market needs a correction. If/when some actual phones find their way into the marketplace, I think they'll fare well vs. the likes of HTC and Samsung.
Are Apple Bulls Aware Of The Downside Risk To The iPhone? [View article]
How dare you ask people to even consider the possibility of a pullback at any point in Apple shares? Don't you realize Apple is going to single-handedly save the world economy?
I agree with this comment, unless all of your money doesn't really matter to you that much, going all-in on NOK (or anything, for that matter -- but esp. a hi beta stock like NOK) is borderline insane.
3 Huge Reasons That Energy ETFs Should Be On Your Radar [View article]
rru2s: I agree with this; of course there's a lot of volatility with the small caps, as well. But I'm willing to risk that. Do you have any other individual recommendations?
(Isn't BIOF up a ton on massive momo right now? Is that sustainable?)
It's a jittery afternoon in the oil markets, where crude futures plunged $3 in a single minute shortly before 2 p.m. for no apparent reason. Some traders blame rumors of a release of the strategic petroleum reserve, but articles were out earlier this morning discussing similar speculation. CNBC’s anchors are floating the idea that options expiry may be playing a role. October crude closed -2.7% at $96.62. [View news story]
They might, if Romney could keep his foot out of his mouth for more than a few days.
Risk Can 'Kiss My Grits' [View article]
Negatives Lurk Just Below The Surface Of This Feel Good Rally [View article]
The S&P 500 Today Versus The 2007 Peak [View article]
Just How Large Is QEInfinity? [View article]
Another "Flash Crash" in the financial markets could happen at any moment because of high frequency trading, warns former hedge fund analyst David Lauer. These disasters are causing retail investors to flee the equities market - $283B already since the Flash Crash in May 2010 - and their flight during a period of incredible stock market returns is a sure sign this exodus is a result of mistrust rather than economic conditions. And it's simply "a matter of time" Lauer says, "before we have another." [View news story]
Another "Flash Crash" in the financial markets could happen at any moment because of high frequency trading, warns former hedge fund analyst David Lauer. These disasters are causing retail investors to flee the equities market - $283B already since the Flash Crash in May 2010 - and their flight during a period of incredible stock market returns is a sure sign this exodus is a result of mistrust rather than economic conditions. And it's simply "a matter of time" Lauer says, "before we have another." [View news story]
If You Own These Stock Sectors, Tighten Your Stops! [View article]
Just How Large Is QEInfinity? [View article]
Just How Large Is QEInfinity? [View article]
HTC announces the eponymous Windows Phone 8X and 8S. The phones feature relatively modest 4.3" and 4" displays, respectively, and are powered by Qualcomm (QCOM) Snapdragon processors. After handling the 8X, The Verge's Tom Warren thinks its design and weight allow it to hold own against Nokia's (NOK) Lumia 920, even if its camera is inferior. Nokia isn't amused by the announcement, and probably isn't happy with HTC's marketing deal with Microsoft either. (Stephen Elop) [View news story]
Are Apple Bulls Aware Of The Downside Risk To The iPhone? [View article]
Why Nokia Is Rallying Now [View article]
3 Huge Reasons That Energy ETFs Should Be On Your Radar [View article]
(Isn't BIOF up a ton on massive momo right now? Is that sustainable?)
It's a jittery afternoon in the oil markets, where crude futures plunged $3 in a single minute shortly before 2 p.m. for no apparent reason. Some traders blame rumors of a release of the strategic petroleum reserve, but articles were out earlier this morning discussing similar speculation. CNBC’s anchors are floating the idea that options expiry may be playing a role. October crude closed -2.7% at $96.62. [View news story]
ETF SPY: We May See a Pull Back Coming [View instapost]