"Debit cards are making us more resilient in this recession… oh wait.. let me take that back…"
CNBC did an entire 3 hour expose on Buffett and I.O.U.USA. Well I don’t agree with everything. Two of his points that stuck with me are as follows: When the tide goes out you will see who is swimming naked, and it seems Wallstreet was a nudist beach. If you apply for a mortgage using (more…)
Oil is up over 5 dollars, and why is that? It’s Russia! It’s Fay and its potential to hit something! Oh it’s the rebels in Nigeria that are being rebellious! WHATEVER!!! Want to know why oil is up? It’s because Goldman said the following: LONDON, Aug 20 (Reuters) – Goldman Sachs (GS.N: Quote, Profile, Research, (more…)
I have two points in this blog entry; analysts that annoy me, and fund managers have capitulated.
It looks like CNBC America is playing with their cast of hosts and giving fresh blood some air time! Good for you CNBC America! Good for you for trying! You make me want to watch CNBC America again!
In a blog posting Jason asks what he is missing regarding Garmin. My answer is that he is missing nothing! This is one those stocks where I was burnt because I jumped in too earlier (still long and will wait this storm out). BUT my basic premise of GPS which I have commented on many times stays.
So why is Garmin down? Because they missed by a bit! The real problem with Garmin is their short interest. Garmin has been on the RegSHO list for 60 days and is naked shorted to the hilt! (Hey SEC you are doing fine, but wake up and start handing out fines!) Garmin has 10 days of volume in short interest. It is absolutely insane!
Today CNBC America put Rick Santelli, Steve Liesman, and a few other floor commentators into the prime seat of Squawk Box… All I can say is wow! Cool! Now CNBC America has real intelligent discussion on Squawkbox…. Yeah I am one of those people who was sad to see Mark Haines leave Squawkbox. Folks if (more…)
Ah yes, when Apple does something sinister its ok because Apple wants to "control" the experience, and well Apple is the "good guy". Apple CEO Steve Jobs has confirmed that the iPhone 3G has a kill switch that can remotely remove software from the devices. Jobs told The Wall Street Journal that Apple needs the (more…)
Folks, my prediction on the S&P went beyond my wildest dreams, and basically was spot on. Though the question is was I lucky or not?
Everybody wants a panic sale, they want a capitulation. Well folks I am willing to wager that it will not happen. And I think darkpools have something to do with this. Consider the following and the original.
Dark pools are on a hot streak. They’re tearing through volume records and turning into big-league market centers in their own right.
Goldman Sach’s Sigma X dark pool yesterday executed 406 million shares, making it the seventh-largest market center for U.S. equities. That put Sigma X in line behind Nasdaq, NYSE Arca, the New York Stock Exchange, BATS Trading, Direct Edge ECN and the National Stock Exchange. And ahead of all other venues.
Sigma X’s volume is up 100 percent over the last seven weeks, according to Rishi Nangalia, head of product development at Goldman Sachs Electronic Trading. "It’s a virtuous circle," he said. "We have more volume passing through from more clients and their algos, and as a result of higher fill rates, we get more flow, which in turn further increases the match rates." This surge is taking place against a backdrop of higher equity market volume overall and greater volatility.