Jean-Claude Juncker, the President of the Euro Group, stated yesterday that the Euro was at “dangerously high” levels, obviously attempting to talk down the currency after its more than 10% rally since the summer. Japanese …
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As earnings season continues in earnest, I have been scouring earnings releases to gauge the expectations among corporate executives for 2013. PPG is a boring chemicals company that I used to trade as a market …
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The U.S. stock market is more directly impacted by global events than in decades past. One simple illustration of that phenomenon is how the ownership of U.S. stocks has changed. Here is a great table, …
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In the past month, I’ve heard more and more traders assume the Chinese growth story was back on track, and China will boom in 2013. Yes, the Shanghai stock market was oversold in the midst …
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Don’t catch a falling knife. It’s a classic trader saying, one that most first-year trading apprentices learn through words first, then experience later. It’s a saying based on human psychology. Stocks on the way down …
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Bulls, it’s almost your time. I’m officially taking off my bear hat today, and eyeing the bull hat in the corner. I haven’t put it on just yet, but I’m pretty close to reaching for …
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As I was listening to the NKE conference call after their earnings announcement last night, I chuckled when I heard that commentary from NKE management. In case you were living on another planet, they informed …
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The SPX index has closed within 0.22% for 6 straight days now. As CC mentioned yesterday in Quick Hits, that is the lowest 6 day realized volatility reading in the past 15 years of data. …
Continue readingReuters Stock index futures were flat on Monday after a six-day winning streak for the S&P 500 as investors weighed expectations for more central bank stimulus after Japan showed economic weakness. As traders speculated the …
Continue readingI had a conversation with a fellow trader yesterday. I said that I preferred short stocks as opposed to long bonds as my risk-off vehicle of choice to play recessionary concerns in the U.S. He …
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