Posts tagged as:

stock market

More on the crash

May 11, 2010

The Big Picture provides an excellent review of the crash-that-must-not-be-named which echoes my thoughts from this weekend: Do you notice how we’re unwittingly restricting our analysis to what the sellers did? The offer side of the trading that saw the S&P 500 lose -5% of its value in the span of about 3 minutes – that […]

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The trade that broke the market's back

May 11, 2010

In a thoroughly ridiculous analysis, the WSJ is trying to pin Thursday's crash on a single options trade. Conveniently, the trade was made by Universa, the fund advised by black swan devotee Nassim Taleb. The body of the article uses phrases like "contributed" and "along with likely dozens of other trades", but the title's unanswered […]

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Cancel all orders!

May 8, 2010

I can't stop watching this. A guy chooses the worst possible moment for a stock market webinar. He loses his mind around 1:10; by 2:35 he's talking like a robot. We call this a capitulation! Every time he says "this is what happens," I think of Walter's rant in The Big Lebowski (which I will not […]

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The end of the world, relatively speaking

May 7, 2010

Bloomberg has a story today which takes a close look at an Apple investor who was caught in yesterday's turmoil. Apple traded down more than 15% on the day before snapping back to a -4% finish. This particular investor first purchased his 26 shares of Apple in late 2007, for $189. He sold them in […]

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Molehills out of mountains

December 21, 2009

The WSJ has crunched the numbers and concluded that: In nearly 200 years of recorded stock-market history, no calendar decade has seen such a dismal performance as the 2000s. Investors would have been better off investing in pretty much anything else, from bonds to gold or even just stuffing money under a mattress. Since the […]

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Finding the bottom

May 7, 2009

Russell Napier wrote the book on identifying bear market bottoms (really) and Alphaville provides selections from an interview he recently gave to the FT. Fascinating stuff, if you like reading your news through Roubini-tinted glasses. The concept of identifying any sort of local minimum without the benefit of hindsight is inherently questionable, but the use […]

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