Posts filed under “Trading”
Really traders!?! Did you really believe that the Fed was never going to stop buying bonds? Really?!?
Do you think that the Fed was going to have an infinite accommodation, and that rates were going to stay at zero forever? Is that what you expected from the Central bank. C’mon, Really!?
And what about the dreaded hyper-inflation you have been warning us about for so long? Inflation has been so low for so long that it had its name legally changed to Deflation. Really!
Source: Trading Economics
Where you out the day Bernanke said he was targeting Unemployment, which has fallen from nearly 11% to 7.6%? Did you forget about that? Really!?!
And this entire Risk On rally — did you really think it was going to last forever? Really? US Equity are up nearly 150% over the past 5 years, didn’t you think it had to eventually slow down? Did you actually believe Markets were a uni-directional bet? Really?!?
The Fed has a dual mandate — stable prices and maximum employment. Did you really think there was a third component of maximizing your risk free equity returns? Really!?
This has been Really!?! With Ben & Janet.
A Market Built on Theft Sucks Themis Trading 18 November, 2011 OK. Sorry for this; long note coming. You remember the latency arbitrage that HFT said doesn’t exist? Manoj Narang, CEO of Tradework, the only HFT firm dying to speak about HFT strategy to regulators, big media, small media, industry panels, and folks in…Read More
Here is my market quote for today, from MacroMan: “The Market giveth and the Market inserts red hot pokers before dicing you into small chunks and spreading your remains to the four corners of the earth.” That’s a bit more severe than “and the market taketh away,” but certainly makes a noteworthy point…Read More
Source: SSRN, Motley Fool News flash: Analysts exist to generate investment banking business and trading commissions; they are not here to assist you in making stock buys or sells. That is the conclusion of a recent study, but let’s be blunt: If you have been paying attention, you probably already knew this. At this…Read More
During this past month, we have seen significant moves up and down. Volatility has risen; there have been some scary drops in Asia, and some follow through selling (more or less) in the US. We have seen small measures of over-reaction, along the lines of “What do I do? What should I do? Should I…Read More
Quantitative Easing, Central Bank Purchases and Corporate Buybacks Account for Much of the Rise In Stock Prices
The 3 Reasons Why Stocks Have Skyrocketed Over the Past Couple of Years Stocks have soared because the Fed’s quantitative easing has – intentionally – pumped them up. They’ve also skyrocketed because the Fed and other central banks are directly buying stocks. NBC News reports on a third major reason that stocks took off…Read More
Ouch! There is a valid point to be made about emotions in Trading, but it gets lost in the sauce here:
At a University of Virginia symposium in late April, Paul Tudor Jones responded to a question about why the panel only featured “rich, white, middle-aged men.”
Tudor responded by saying that trading requires intense focus, which he believes many women lose when they have children. The panel featured (from left to right) U-Va. professor David Mick, Paul Tudor Jones of Tudor Investment Corporation, Julian Robertson of Tiger Management, John Griffin of Blue Ridge Capital and moderator Jeff Walker, chairman of the U-Va. Council of Foundations
Paul Tudor Jones comments on the lack of female traders
I wish I could find a public link for this: Merrill Lynch just put out a very cool 60 page “primer” on Technical Analysis. It covers the core concepts behind technicals, including Trends, Relative Price Analysis, Price Momentum Indicators, Reversals, The importance of volume, Support and Resistance, Market Breadth Market Sentiment, The Fibonacci…Read More