Posted in Commodities, Futures on October 31st, 2006 No Comments »
The new larger CME announces it will allow traders to trade “Credit Event Futures” based on credit-default swaps, a whopping $26 trillion over-the-counter market. The new futures contracts will only be three companies to start until further approval from the CFTC. They include the: Tribune Co., owner of the Chicago Tribune; home builder Centex Corp.; […]
Posted in Business, Commodities, Economics, Fundamental Analysis on October 30th, 2006 1 Comment »
The World Gold Council regularly publishes stats on which central banks around the world are owners of gold (you have to register to view the doc, but it’s free). The long and the short of it is that Europeans and the US are far and away the largest owners of the metal overall. A more […]
Posted in Business, Economics, Media, Fundamental Analysis on October 29th, 2006 1 Comment »
This is old news but underreported and rather relevant. It seems that, according to a semi-recent survey from the University of Maryland, the French are, to say the least, not fans of capitalism. Not only are most French in doubt about the value of free enterprise, but most have low opinions of both […]
Posted in Business, Stocks, United States Companies on October 28th, 2006 No Comments »
After being in production for over twenty years, the last Ford Taurus rolled off the assembly line this past week. Breaking trends with creativity when the Taurus began, the modern Ford Motors managed to finally kill the former #1 best selling car in America. Forbes put it well:
In failing to evolve what was […]
Posted in Business, Stocks, Equities, Media on October 26th, 2006 1 Comment »
With online news being so accessible and free, how long will companies be able to keep high circulation and ad revenues? Some say longer than most people think.
Gatehouse Media, which owns 75 local papers (and some websites) had their IPO yesterday and the share price rose 18%.
Former GE CEO, Jack Welch is eyeballing the Boston […]
Posted in Business, Trading, Forex, Trading Psychology, Media, Fundamental Analysis on October 26th, 2006 No Comments »
Central bankers, especially in the US and Eurozone, try to be as methodical as possible. The market, however, tends to overreact to near-term news and get out of line with real central bank expectations. Weeks ago, the markets had priced in that the Fed would not hike again, and might even pause prior to the […]
Posted in Business, Trading, Forex on October 25th, 2006 No Comments »
In a world where a charting package is considered inadequate if it doesn’t have 200+ indicators, I find that basic charting and observation of price action simplifies the process. The most basic ideas allow information on the market participants’ sentiment to shine through. Reading market sentiment is the essential premise behind technical analysis, and basic […]