Goldman Sachs Traded Profitably EVERY DAY Last Quarter

From DealBreaker.com (via CrossingWallStreet): Goldman Sachs just revealed in an SEC filing that its traders made money on every single trading day last quarter, a record for the firm. Net revenue for trading was $25 million or higher in all of the first quarter’s 63 trading days with 35 of those days bringing in more (more…)

Am I Euro Biased? On the Markets Currency Hypocrisy

Today somebody in the chat forum tried to politely say I was biased towards the Euro and hence could not see with clarity. I would say, first I am contrarian and will rant about things. But secondly and more importantly, I am trying to point out the hypocrisy. First let’s start with the Greek crisis. (more…)

The German Election Was Not A Euro Referendum

The media is going to say that the CDU lost because of Greece, the bail out and the airwaves are going to go on, and on, and on about this. But you need to look at the facts much closer. First look at the winners and losers: Look at the results. The CDU, and SPD (more…)

NASDAQ Cancelling Trades After Crazy Day in The Market

Trying to figure out what to think about this: (from BusinessWeek) The Nasdaq said after markets closed that it will cancel all trades of stocks that moved more than 60 percent from their price at, or immediately prior to, 2:40 p.m., when the slide started. The cancellation applies to trades executed between 2:40 p.m. and (more…)

The Greek Demonstrations Will Slow Down Dramatically!

Everybody thinks that the Greek demonstrations will continue. I am going to say they will slow down dramatically. Reason? In einem tödlichen Inferno eskalierten die Proteste in Griechenland. Der Ministerpräsident zeigt sich bestürzt über den Tod dreier Menschen. Eines der Opfer war offenbar eine schwangere Frau. Let me translate. The demonstrators went heavy with the (more…)

Moody’s, Fitch’s and S&P Ratings Are Being Disingenuous

So here we go Portugal is placed on review for downgrade. Moody’s Investors Service said it has put Portugal’s Aa2 government bond ratings on review for possible downgrade, while the government’s Prime-1 short-term rating was affirmed. Moody’s expects that, in the event of a downgrade, Portugal’s Aa2 ratings would fall by one, or at most (more…)

Hedge Funds Colluding To Take Down The Euro!

I can accept things when they are bad news, or problematic. But I can’t accept things when there is no real reason. The Euro Drop is such an example. 200 pips in a day? That is a 0.2% percentile action. What that tells me is that something is at hand. The typical response is “Greece”. (more…)

Paul Krugman

Image by Getty Images via Daylife I’ve been reading Paul Krugman’s blog at NYTimes.com daily. Paul won a Nobel Prize for economics, so obviously a smart guy. He’s very thoughtful and always bases his opinions on research and current economic thought. I basically defer to this guy on all economic issues like finance reform, the (more…)

My Hat is off to Greece!

I have been a very very vocal critic of Greece and how I thought they were incapable of tightening their belt. Well I stand corrected! Greece from what I see I have to say, “thank-you you are showing the kind of metal you are made off. As a Eurozone citizen I am impressed and will (more…)

Digital Textbooks Sales Projection

Via blog.xplana.com: Personally, I think this is a little conservative… though kids and professors on campuses would probably know more about how motivated professors are to switch to digital textbooks. What I do know is that no one likes spending $100 for a textbook and my professors were always empathetic to this. Obvious investment plays (more…)