Credit vs. Stocks: Divergence
I have been following financial markets on and off lately. The size and length of the rally all over the world is a bit of a surprise, but not out of the ordinary. I was looking for some clues as to where things are headed in the short term. Usually credit markets lead stocks. Financials [...]
Update on Saturday, Nov 5: CME issued a clarification to its Friday’s release. Zero Hedge deciphers again:
The CME, it appears has taken a page right out of the European playbook, and less than a week after an exchange-cum-Primary Dealer collapsed due to excessive risk taking, the CME has followed up its vague press release from [...]
** Oct 3, 2011: I am re-posting this Feb 2010 post for more light **
Yes, the former Federal Reserve Board Chairman, Greenspan is a crackpot! For over a dozen years, I was passionately making this case to anybody who cared to listen. Even today at lunch, my colleagues were joking with me about how much [...]
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A few weeks ago I mentioned that I would not buy or short Apple stock. I changed my opinion now. Is Apple (the stock, to be precise) to fall from grace? I believe it is.
First reason:Economy
Yes. The economy sucks. Unless you live on planet Mars, or you are a Federal Reserve Bank governor who claims [...]
Didn’t they tell us that US banks didn’t need any tax payer help after all? Guess what, after swindling the tax payer relief and pretending that tax payers were paid back, the gamblers are at it at again. While the world is focused on European sovereign debt, European banks and Bank of America, a new [...]
Continue reading …Caveat Emtor: My ‘Investing’ and ‘Trading’ Tips are not for Faint of Hearts
September 28, 2011 5 Comments
Ladies and gentlemen,
I used to be a fairly savvy investor and also a savvy trader. I was successful and making money and I also lost a lot of money. I take a lot of risk and the level of my risk tolerance is very very high. Please don’t follow my occasional ‘tips’ on stocks unless [...]
Follow-up to Alessio Rastani’s BBC Interview. Just a few mins after Alessio Rastani’s interview was posted on ZeroHedge, I linked it on Telugbole and said this:
I believe that in the ensuing weeks and months, this short interview on BBC will be much talked about. In a very candid manner and in simple language, trader Alessio [...]
I think some uber-bulls on Netflix, the stock, don’t know what hit them. Before they could say down, the stock came down crashing from $305 to now $130, which is a $175 haircut in 6 weeks. After a long lull where all stocks went up regardless of the fundamentals, I am encouraged by the signs [...]
Continue reading …Shocking Interview: Governments Don’t Rule the World, Goldman Sachs Does
September 26, 2011 2 Comments
UPDATE: I just discovered that he has a blog: Leading Trader
I believe that in the ensuing weeks and months, this short interview on BBC will be much talked about. In a very candid manner and in simple language, trader Alessio Rastani tells the shocked BBC hosts what is going to happen in financial markets, what [...]
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If you think that pic of Netflix pitchman Jason Alexander is funny, you have to know the jokes that were in circulation about AOL disks arriving mail. One example: 101 uses for all the unsolicited AOL trial disks you received. As I mentioned a couple of months ago on my TORi show, Netflix will implode [...]
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I haven’t had much chance to post something about the market action last week. To say the least, even in the face of extremely bearish news, at the outset it looks bizarre to see markets gain for each of the five trading days last week. Two things that explain this: a) triple witching options expiry; [...]
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Do you listen to Bozo Cramer on CNBS’ Mad Money show? Long before he became a TV “star,” he and I used to exchange messages and jabs on the Silicon Investor website. Back in early 1999 I said to him, (paraphrased) “For a long time after the tech bubble deflates, cheerleaders you who pump worthless [...]
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1:45 PM Update:
News Break: Some ugliness in credit markets. 3 mo LIBOR (London Interbank Offer Rate) is creeping up to levels close to March 2009. Now US 3 mo bills are sold at 3 mo LIBOR levels — which is at a rate higher than 3 year Treasuries. Translation: liquidity crisis. Looks like it is [...]
The month of August accounted for zero job growth in the USA.(HuffPo)
The U.S. economy added no new jobs in August as the unemployment rate stayed steady at 9.1 percent, the Bureau of Labor Statistics reported on Friday, the most concrete sign yet that the recovery has stalled out and a double-dip recession may well be [...]
I often get asked about where to invest savings. I express opinions on markets, but I don’t dish out investment advice. i.e. I won’t tell you what to do with your money. I can point to some information that I believe is credible — like this gentleman’s advice on what to do with your money. [...]
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