MorningWord 12/10/12: In the MacroWrap this morning, Enis took a look at the charts of some European indicies and suggested that the recent breach of long term resistance, and it’s subsequent failure could signal a …
Continue readingMerrill Lynch
MorningWord 12/07/12: One of the major equity themes of 2012 was investors desperate search for yield, causing massive rallies in some unlikely stocks and sectors, while another trend was the search for safe-haven investments with little exposure to a …
Continue reading
MorningWord 12/06/12: The divergence btwn the Dow Jones Industrial Avg (yes, I just mentioned the Dow) and the Nasdaq Composite was the widest I have seen in a very long time. I don’t track that data regularly, …
Continue reading
MorningWord 12/05/12: Yesterday’s price action in U.S. equities on the surface was fairly unexciting with the SPX and the Nas down about 17 bps after trading in a fairly tight range for the most of …
Continue reading
MorningWord 12/04/12: I am not gonna pull a Tom Cruise on Oprah’s couch on you here, but it seems like the longer I do what I do for a living, the more convinced I become that …
Continue reading
MorningWord 12/03/12: We often make fun of the financial media’s infatuation with Jamie Dimon. By all accounts, there are few CEO’s who have captained their ships with near flawless precision as Dimon has over the last …
Continue reading
The past 4 months have been the first 4 month period since late 2006, early 2007 that the VIX has not breached the 20 level. In the context of market history, there have been longer …
Continue readingTrade Update Jan 19th 2012: EBAY reported Q4 that was slightly ahead of estimates and gave guidance that was lower than consensus but not as bad as some analysts had feared. Investors seem fairly mixed …
Continue reading
Event: EBAY ($30.00) Reports its Q4 results after the close tonight. -Options marker is implying a whopping 6% move for earnings vs its last 4 qtr average of about 2.35% and the 8 qtr average of about …
Continue reading
Update 9;50am: I paid 1.30 for this Call Fly when stock was below 113. Over the past month as the stocks of most large U.S. money center bank and brokerage stocks got creamed, some managements stuck to …
Continue reading