What is going on in the market today?
I know I should have been reading everyday, but I just began last week. In your opinion, what is the top news to look into? opinions on top issues?
I know I should have been reading everyday, but I just began last week. In your opinion, what is the top news to look into? opinions on top issues?
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Disconnect between markets and economic fundamentals / reality.
Corporate earnings - mostly above expectations but often only top or bottom line and frequently due to accounting trickery
Ongoing LIBOR scandal
This!!
Not a lot going on. One of the most boring two-month periods I've had as a credit investor. Look at a chart of JNK (Junk Bond ETF) or SPY. Up and to the right, rally mode, which is great unless you're a distressed investor!
Apple is collapsing, or has collapsed, really. A lot of trapped longs there.
"Apple is collapsing, or has collapsed, really. A lot of trapped longs there."
replace that with "e mini s (s and p futures)"
Apple just released a 128gb ipad, RIMM is releasing their BB10 tomorrow and throwing up an add for the superbowl, should be interesting to watch. Otherwise earnings - like Asatar said are pretty meh (apple sucked, netflix kicked ass and the rest were borderline) Go watch the carl icahn vs ackman interview on CNBC if you have a chance too
Otherwise go here and read to your hearts content: http://marketsnacks.com/
[quote=Waymon3x6]Apple just released a 128gb ipad, RIMM is releasing their BB10 tomorrow and throwing up an add for the superbowl, should be interesting to watch. Otherwise earnings - like Asatar said are pretty meh (apple sucked, netflix kicked ass and the rest were borderline) Go watch the carl icahn vs ackman interview on CNBC if you have a chance too
Otherwise go here and read to your hearts content: http://marketsnacks.com/[/quote]
I would strongly disagree with Apple's earnings "sucking". They were pretty damn impressive. I think I read somewhere that Apple made more profit this quarter than Amazon has in it's entire life, havn't had a chance to verify yet though.
1y1y Eonia hit 50bps. Boom!
awesome, i will look more into these topics. thanks!
The most important thing is to understand the drivers behind the current risk rally. This would include the Federal Reserve, the OMT/removal of European tail risk, rebound in China, asset rotation, etc. Just the basics. Next would be to understand the big trends, like historically low interest rates (on a multi-year basis, they have backed up a bit recently), Japan's dilemma and recent policy shift, peak corporate margins, housing rebound, fiscal debate, monetary policy mismatch in EU, why the financial crisis occurred...
past 10 days-ish
Dell still in talks w/MSFT for LBO w/Silverlake
Netflix killed it in earnings, went up 43% in a day, Ichan balls out hard w/profits on this long trade
Ichan and Ackman start swinging dicks at each other on CNBC
AAPL finally, i hate AAPL, shits the bed
CSCO upgraded and has some long term value ahead of itself
S&P hits 5 year highs
Jefferies CEO gets ridiculously high pay (lucky fucker)
Lloyd gets his $ from GS, up from 2011 but still not what is used to be
Gleacher (founder of Gleacher investment bank) decides to formally retire
each day spend 30 min on the following websites in total (5-6min/each)-
dealbook.nytimes.com bloomberg.com marketwatch.com wsj.com yahoo.com/finance dealbreaker.com
yes you'll get a lot of overlap on the big trending articles, but that will help you see whats really big and hone in on focusing about that stuff
A great asset shift from cash/money markets to other asset classes China entering a bull rally Ongoing rate cuts and USD purchases from EM and frontier markets in order to keep their currency from appreciating and their exports competitive which leads to perhaps the greatest risk of the year..... ......A potential currency war on a global scale.
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