Category: Financial Markets & Real Estate

Sunday night and gold and silver are crashing

I don't know what it will look like in the morning, but gold and silver are following their massive Friday sell-offs with more massive selling on Sunday evening. Gold is down about $58 from Friday's close as I write this (almost 4%), to $1443. It clo… more »

Advantage Futures (FCM / Futures Clearing firm)

It's rare that I'm happy enough with a company I work with that I think of offering them an endorsement on these pages. As a professional trader, the quality of my clearing firm, perhaps even more in the area of technical support than in the area of cu… more »

Taking Down Taibbi

Matt Taibbi's recent anti-Romney screed published by Rolling Stone magazine entitled "Greed and Debt: The True Story of Mitt Romney and Bain Capital" has been the talk of the left-wing media, from the DailyKos and Huffington Post websites to MSNBC. It… more »

I thought only Bain did that

Google, the omnipresent web search and advertising company, purchased Motorola Mobility (the cell phone division of that venerable electronics company), in May of this year for about $12.5 billion. (The deal was originally announced in August, 2011, but… more »

The Alice in Wonderland Stock Market

As a financial markets trader, it's hard for me lately not to feel that we're living in a Lewis Carroll-inspired stock market. Stock prices often move counter-intuitively, and with large price swings that have the distinct smell of "momentum traders" ra… more »

European election follies

On Sunday, elections were held in France and in Greece. And although the French, who have a large economy, elected a Socialist, the real -- and most dangerous -- news of the day came from the Greek election in which voters gave strong support, though no… more »

A Dark Day for Solar Power

First Solar Corporation was indeed first at something: It was the first solar company to lose more than $15 billion of market value. FSLR's stock plummeted from $140 per share a year ago, and $170 a few weeks before that, to under $21 per share early t… more »

Hackers Got My Card Numbers

The computer systems of a major credit card payment processing company called Global Payments have been hacked, reportedly compromising information on un to 1.5 million credit card account numbers. Two of my credit cards (one MasterCard and one America… more »

Corzine fingerprints on MF Global transfer

On page 3 of a memo from the staff of the House Financial Services Committee to the committee's members, it is revealed that Ms. Edith O'Brien, the former Assistant Treasurer of MF Global, wrote in an e-mail that a transfer of $200 million out of MF's s… more »

Market melancholia

After half an hour of trading on Tuesday, the stock market is having its worst day in several months, with the S&P 500 down more than 16 points, or about 1.2 percent. The Dow Jones Industrial Average is down just over 140 points, and the Nasdaq 1… more »
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