Two traders discussing the game.
Trader 1: Hey dude, if you haven’t seen this yet, I think you’ll relate to it:
http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom
Trader 2: Thank you. I have always known, to some degree or another, that the market is dirty. This article explains the craft in fine detail. Visually, I think it looks like the chart of Citi. Great [...]
View the full SPY chart at Wikinvest
by Ren Richardson
Today’s move on the S&P dropped us below 2002’s lows. Funny how we’ve declined about 13% in two days and yet the coverage doesn’t seem as shocked or as dire as it did late Sep/early Oct. A number of traders/managers have remarked that they consider it rather [...]
“Technical Analysis is a financial markets technique… that is considered by many academics to be a pseudoscience at best.” I found that quote at Wikipedia so it must be true. After all, if you’re not academic, you’re stupid - right?
Well, given the moribund performances of the supremely educated GS, WFC, C, BAC, WAMUQ, USB, JPM,
View the full JPM [...]
Exchanges are like casinos. In fact, they are “the house.” Think about it, at the casino, who is the guy that slides cards across the table? Got the answer? Okay. Now, who is the guy that slides stock certificates across the table? The answer to both is “the dealer.” The casino dealer and the agent [...]
“The U.S. government intends to exit its support of AIG over time in a disciplined manner consistent with maximizing the value of its investments and promoting financial stability.”
View the full AIG chart at Wikinvest
[begin sarcasm]
“This is the best! We now have key to a high probability/high profitability/low risk trade on AIG! If we buy right now, [...]
