by Michael Lewis and David Einhorn (This report was first posted at nytimes.com and is a continuation of The End of the Financial World as We Know It.) Mr. Paulson must have had some reason for doing what he did. No doubt he still believes that without all this frantic activity we’d be far worse […]
Before the Open
Good morning. Happy Friday. Hope you had a great New Years. The indexes traded range bound for the entire month of December, so it’ll be interesting to see who grabs initial control in the new year. Half the Asian/Pacific markets were closed today, but of the ones that were open, mostly gains were seen. Hong […]
Before the Open
Good morning. Happy Wednesday. Happy New Years. We’re going through the motions of posting this even though the number of people reading it have declined day after day the last week. There’s definitely more traders away from the market than actively participating. Several of the Asian/Pacific markets were closed today. Of the ones open, China […]
Before the Open
Good morning. Happy Tuesday. The market rallied into yesterday’s close and will continue the positive sentiment at today’s open. Futures trading points towards a gap up open for the cash market. 50 minutes before the open, Nas 100 futures are up 8 (0.68%) to trade at 1183.50 while SPX futures are up 4.75 (0.55%) to […]
Before the Open
Good morning. Happy Monday. The Asian/Pacific markets closed mostly up. Singapore gained more than 3%, India more than 2% and Hong Kong and Australia more than 1%. China closed flat. Europe is currently up across the board. Belgium, Norway and London are up 2% or more, Austria, Germany and Switzerland are up more than 1%. […]
Before the Open
Good morning. Happy Friday. So last night I logged in and checked yahoo sports to see when the Bears play. Then I realized today was Friday, not Sunday. That ought to tell you where my mind is. Now until after New Years is considered a journalistic black hole. If you’re trying to hide something, this […]
Before the Open
Good morning. Happy Wednesday. Today is a half-day….tomorrow the market is closed….Friday is a full day, but we don’t expect many traders to show up to work. The Asian/Pacific markets which were open closed mostly down. Seoul, Japan, India and China each lost more than 1%. Many of the European markets were closed. The few […]
Before the Open
Good morning. Happy Tuesday. The Asian/Pacific markets closed with sizeable losses. China fell 4.65, Hong Kong, India, Seoul and Taiwan more than 2% and Singapore more than 1%. Japan was closed. Europe is mostly up. Austria, Belgium and Amsterdam are up more than 1%. There are no other 1% movers. France, Germany and London are […]
Before the Open
Good morning. Happy Monday. Hope you had a nice weekend. The cash market will begin the day and week with a small gap up. Nas 100 futures are up 1.50 (0.12%) to trade at 1212.50 and SPX futures are up 2.00 (0.23%) to trade at 883.25. The Asian/Pacific markets closed mostly down. Hong Kong and […]
Before the Open
Good morning. Happy Friday. Happy Options Expiration Day. The Asian/Pacific markets closed mixed and with a downward bias. Hong Kong lost 2.4% and New Zealand lost 1.9%. There were no other 1% movers. China moved up slightly and Japan fell 0.9%. Europe is down across the board. Austria is down 3.7%…Norway and London down more […]