There are certain comments that traders make only when they’re losing money. The comments are meant to pertain to the markets, but you can reliably take them as P/L confessions. So, drumroll please, the top five countdown of things you never hear traders say when they’re making money:
via TraderFeed: Five Things You Never Hear Traders [...]
You don’t have to be a big-time money manager like Bernie Madoff to execute a successful scam. Greg Hays, whose firm Hays Financial Consulting specializes in detecting and unraveling frauds, says they all start the same way: with one really good line of BS.
via Run a Scam – Wired How-To Wiki.
The Dow’s current decline of 23.21% is by far the worst start to a year for the index this many days in since 1900. The second worst year at this point was 14.25% in 1920. There have been 19 prior years where the Dow was down 5% or more at this point, and only four of [...]
Here’s the irony of the situation: companies live and die by their stock price, yet for the most part they don’t actively participate in trading their stocks within the market. Companies receive money from the securities market only when they first sell a security to the public in the primary market, which is commonly referred [...]
Every market period, just like the one we are in right now, has the silver lining of giving the experienced investor the very real chance of making a fortune. Conditions are perfect for the run of a lifetime.
Look in any direction and there are bargains. Stocks, commodities, even corporate bonds, after their recent run up, [...]
Shareholders had to wait a long time for the urge to merge at Sirius XM Radio (Nasdaq: SIRI) to be fulfilled. Is there now an urge to MiRGE?
Sirius XM is introducing MiRGE this morning, the first interoperable satellite radio receiver. When it officially rolls out in a few months, owners will be able to easily [...]
Max Dama alerted me to a very good talk by David Leinweber who has been involved with automated trading and the markets for a long time. It’s about an hour long and the first 40 minutes or so are excellent.
In one of his slides he shows this image which I believe sums up the evolution [...]
If you thought the problems in Detroit ended when Congress cut a check, you had better think again. We are entering the next chapter of an epic saga.
via Why won’t they just go away.
Don’t let emotions get in the way of a solid investment strategy, says Andrew Snyder. Sirius XM Radio (NASDAQ:SIRI) is failing because of poor capital structure, a weak management team and an upside-down business model. The company’s stock – down 95% in 2008 – will soon be worthless. And that means even loyal Sirius investors [...]
Get your boxing gloves on because the fight is ON! It is Main Street vs. Wall Street and in the latest round, Main Street has won. Despite the protests and tens of thousands of letters, emails and phone calls to their Senators, Main Street needs to realize that there are no winners if Wall Street [...]