Another Spike in VXX Volume
Looking the history of the volume spikes in the iPath S&P 500 VIX Short-Term Futures ETN (VXX) is a lot like looking at the history of market sentiment, contrarian thinking and psychology. Since its launch in January 2009, VXX has been responsible...
Open-Ended Bailouts Are Continuing for Big Banks
Big Banks Continue to Suck at the Government Teat With Never-Ending Stealth Bailouts We’ve previously documented the fact that bailouts of the big banks are continued in stealth mode up to the present day. True, the banks claim they’ve repaid the Tarp bailout funds … but nearly half of the banks “repaid” such bailout funds...
Banks embrace the scrutiny meme
One of the things that we love to look for as we’re reading as many filings as we do are common themes or memes, which as Wikipedia notes are regarded as “cultural analogues to genes in that they self-replicate, mutate and respond to selective pressures”. We picked up on a particularly interesting one as we...
Bank of America’s CEO Discusses Q4 2011 Results – Earnings Call Transcript
Bank of America (BAC)
Q4 2011 Earnings Call
January 19, 2012 8:30 am ET
Executives
Bruce R. Thompson - Chief Financial Officer
Kevin Stitt -
Brian T. Moynihan - Chief Executive Officer, President, Director and Member of Executive Committee
Analysts
Jefferson Harralson - Keefe, Bruyette, & Woods, Inc., Research Division
Michael Mayo -...
2011 Dow Dogs & Daredevils
In this week’s Barrons, Mike Santoli takes a closer look at the 30 individual Dow Industrial stocks. A few observations worth noting: The winners were stable, defensive companies, while the losers were financials and the more cyclically sensitive names. The 2011 winners marked their second consecutive successful year: McDonald’s (MCD), Home Depot (HD) and Kraft...
Getting Ahead of Forecaster Folly
Investing in 2012: Get ahead of forecaster folly By Barry Ritholtz, January 1, 2012 ~~~ The new year has arrived, and so investors are inundated with all manner of lists: Best and worst stocks for 2012, forecasts of where the economy is going, favorite investments for the year and more.What’s an investor to do? You...
Bank Earnings Forecast: +57%
Today’s howler comes from the fundamental banking analyst community. Recall that this is the group who once existed to help investors decide where to place their monies. When that did not work out, their bosses morphed their business model towards generating IPO and syndicate business. When that failed, they moved towards driving short term institutional...
December 19th, 2011 Stock Market Analysis
Today's key headlines: North Korea's Kim Jong II dies of heart attack, Bank of America falls under $5 for the first time in three years, ATT gives up on its $39 Billion bid to acquire T-Mobile.
Original post: December 19th, 2011 Stock Market Analysis
What a difference a day makes!
Here is yesterdays blog with new data! Yesterday, we blogged about how everything was below the 10 week. Well, every sector except Tech is above the 10 week today. The USD is moving down and the commodity currencies of Australia and Canada are moving up above their 10 week lines....
November 29th, 2011 Market Recap with Look at BAC, LNKD, and AMR
Today's market recap includes a closer look at Bank of America (BAC) closing at fresh 52 week lows, American Airlines (AMR) filing for bankruptcy protection and its stock dropping over 80%, and Linkedin (LNKD) breaking below key support to close at fresh post IPO lows.
Original post: November 29th, 2011 Market Recap with Look...
Top Favorite Stock Holdings of Congress
Why aren’t congressional members required to put all of their stock holdings into a blind trust? Why can’t insider trading by Congressional members be banned? How can elected officials do “the people’s business” when they are too busy running around trading on the votes they are about to cast? How one earth can we ever...
