Archived IMT (2009.04.30)
The S&P500s best month since March 2000 ends with the bankruptcy of a major US auto company, which will result into the US gvt owning 8% of the company and the Canadian govt 2%. Shareholders and bond holders have lost out. Followers of candlesticks will notice todays price action having formed a bearish doji. Yesterdays post-FOMC rally was attributed to 2 misleading factors (i) Fed slightly tempered its negative outlook; (ii) and soaring bond yields pushed money away from bonds to stocks. Playing the second derivative of economic data can be dangerous as economic deterioration did slow back in Q4 2007 and Q4 2008 only to re-emerge later. And have not even mentioned the next week's stress tests...
What’s a Brexit Deal Worth?
by Adam Button | Oct 16, 2019 19:10
Do not Look at this, if Short GBP
by Ashraf Laidi | Oct 16, 2019 15:19
Earnings & Deal Talks Take Over
by Adam Button | Oct 15, 2019 12:12
ندوة أشرف العايدي مع أوربكس مساء الثلاثاء
by Ashraf Laidi | Oct 14, 2019 11:42
GBP Analog, Fractal Realized
by Ashraf Laidi | Oct 11, 2019 17:44