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UwInvest08

UwInvest08
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  • Monday Market Momentum: Changing For The Better? [View article]
    No luck from NY either
    Nov 19 10:53 AM | Likes Like |Link to Comment
  • Wednesday: Rumors Of QE Gather Steam [View article]
    Well played on HOV
    Jun 6 10:22 AM | Likes Like |Link to Comment
  • Stocks (probably rightly) ignore a big deterioration in consumer confidence, the S&P 500 at its session high, +1%. In addition to May's decline, all of the April figures were revised downward. Appraisals of the employment market: Jobs "hard to get" increased to 41% from 38.1%, jobs "plentiful" decreased to 7.9% from 8.4%.  [View news story]
    Seems to be a cycle of the market getting pumped up in overnight trading. We then trade up during the day while the EU markets are open as everyone in the EU moves their assets into the US markets. Once the EU packs up and heads home for the day our markets sell off. The stick comes in around 2:15pm to jack the markets back up (on very low volume) for more EU money to buy in high again the next day. Rinse and repeat. Seems like someone has found a good way of fleecing the European sheep.
    May 29 12:58 PM | 1 Like Like |Link to Comment
  • Dimon on CIO activities: JPM has suffered a $2B loss in the synthetic credit portfolio. "The strategy was flawed ... There were many errors, sloppiness, and bad judgment ... risk managers are fully engaged in helping to monitor the current portfolio." He goes on to say volatility could remain high over coming quarters and could cost the bank another $1B.  [View news story]
    This is a non-event, who cares? Tax payers will pick up the loss, Dimon will collect his $30m and life will go on.
    May 10 05:28 PM | 3 Likes Like |Link to Comment
  • Expectations are high for tomorrow's jobs report - maybe too high. The consensus is looking for a gain of 508K jobs, by far the largest estimate ever. But the range of estimates is wide, and there's a history of big misses when census workers are involved. So if payrolls do add 500K jobs, is it a non-event? If estimates are off, even if the number is still large, does it rock the markets?  [View news story]
    This market is a completely rigged game. I'd love to put in some stop limit trades on the futures and participate one way or the other on the jobs numbers tomorrow morning, but I'm just too afraid I'll be triggered by a nice latency arbitrage program running a "seek and destroy" strategy on my sitting limit order.......which the data of my order will be sold by an exchange to the hedge fund seeking to destroy me. Only in America....gotta love it.
    Jun 3 11:34 PM | Likes Like |Link to Comment
  • Thursday Outlook: What, Me Worry? [View article]
    I'd be curious to see what fundamental analysis was done on your rationale for going long BIDU. What happened to selling calls to the idiots piling into that stock?
    May 13 03:59 PM | 1 Like Like |Link to Comment
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