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.
I have become completely skeptical of analysts. I am even at the point thinking, what their motives are. Here is an interesting example:
An immature chipset solution from Infineon Technologies AG may be at the root of reported connection problems with Apple, Inc.’s 3G iPhone, Nomura analyst Richard Windsor said in a note to clients Tuesday. He said some iPhone users are having trouble getting a 3G connection and hanging on to it.
So I was reading the losses, writedowns and what have you at UBS. Yes yes it is all doom, gloom and boom… However, something did catch my eye. Last week, it agreed to buy back almost $19 billion of bonds after New York State and others sued it for steering clients towards auction-rate securities — (more…)
Candidate #1: Ralph Nader… Or candidate #2: John McCain Who do you think is older? McCain? Nader? Answer… Nader! Ralph Nader is 2 years older than McCain. Frankly I was surprised by this one as I thought McCain was the oldest of the group. I thought Nader was maybe 60, but he is 74 (more…)
I think yesterday the deal with Citigroup, and now the acceptance of such a deal by Merrill Lynch will be the corner that turns the market. The deal means that small investors will get their principle back at face value. Larger investors do not get to benefit from the deal. I feel the reason why this deal is important is that the small investor can feel good about themselves again.
Congratulations SEC… The SEC reached a tentative deal where Citigroup is held completely liable for the mismarketing of Auction Rate Securities. This means Citigroup is giving up any ability to debate their penalty or costs. In specific Citigroup will neither admit nor deny breaking any security laws. Citigroup is going to have to pay monies (more…)
One year into the credit crisis, and one year after Cramer’s rant. I decided to take a look at what I was thinking in August of 2007?
