I got bounced this list of stats – Forty-five million Americans (one in seven) are on food stamps. One in seven is unemployed or underemployed. The percentage of those out of work defined as long-term unemployed is the highest (42%) since the Great Depression. Fifty-four percent of college graduates younger than 25 are unemployed or…

The news gets worse but the market doesn’t. Markets are efficient my arse…..all that matters is price. Personal disclaimer my system will go long the IBEX on a break above 6770

I was cleaning out some old presentations when I came across this oldie but a goodie. Q: Why didn’t Wall Street realise that Enron was a fraud? A: Because Wall Street relies on stock analysts. These are people who do research on companies and then, no matter what they find, even if the company has…

Following on from chart last night – Which showed a nice little gap up, this is how the market finished up. You can see the open at 1336, with a high of 1336.50 and then the drop away. A nasty little day for those looking for anything positive.

The main Spanish index the IBEX had rallied last week and in the early morning session looked at if that rally would continue with the market nudging 7000. However, this rally soon collapsed as shown below. The market quickly went from a euphoric opening gain to close down 35. This seems to sum up the…

Source – Wall Street Journal

A little piece that looks at the impact of HFT . It doesn’t add anything new other than offering a more personal narrative. Although the book by the author Scott Patterson might be interesting to drop onto the tablet. As a counterpoint this article places the blame for the Facebook debacle squarely on the shoulders…

This is an intra day chart of the electronic session  S&P500. The true market is not open yet but this is indicative of how the market might open. It is interesting to see a gap.