Oh, it’s a long, long while from May to December But the days grow short when you reach September. …
Market Reaction To Comments Reflects Market Efficiency
It’s worth keeping the efficient market hypothesis in mind when considering the impact of Fed Chairman Ben Bernanke’s announcement this week that bond buying will be coming to an end.…
Swinging Markets Ahead
Volatility is back in a big way. It’s back not only in the stock market, but in the bond market. It’s back not only in the U.S., but in China,…
High-Speed Casinos
A tweet – 12 words, 140 characters – caused a selling frenzy last week, as the stock market dumped $134 billion in stocks in a minute and a half and…
Fingers Crossed In Economic Promise
Like most promises made before an election, the promise of an economic recovery is beginning to look like a false promise. Last fall, the housing market was showing signs of…
Don’t Worry, Be Happy
“In your life expect some trouble But when you worry You make it double Don’t worry, be happy…” …
The Yin-Yang Economy
Last week, with sequestration pending, President Obama and others warned of airplanes falling from the sky, tainted meat being served and schools being closed because of teacher layoffs. The budget…
Flow Reversal
In another reversal of fortune, equity funds reported an outflow of more than $4 billion this week, the largest this year. Commodity funds, meanwhile, saw an outflow of $3.2 billion,…
Investors Are Back … So Expect a Correction
Individual investors are moving in. And the smart money is moving out. With the Dow Jones Industrial Average pushing past 14,000, individual investors jumped back into the stock market, it…
Where’s the Equity in HFT?
In spite of all of the talk about equity, fairness and helping the middle class that’s been circulating in Washington, the stock market is now rigged to help the rich…