Oh man, where to begin. I think I’ve been a little frustrated lately because I haven’t written in a while. So let’s get it out there so I can move on.
National Tea Party, 9/12
This last Saturday was the National Tea Party Day in DC. The Tea Party is a rallying cry for essentially Jeffersonian anti-big [...]
Entries Tagged as ‘Stock Market’
September 14, 2009
State of the Nation After 9/11/09
July 26, 2009
Surpluses and Shortages
I’m moving out of my Georgetown rowhouse and just started my job, so I’ve been a little busy and haven’t been able to write much. That’s one reason Twitter is so great — I’ve been able to just send some quick tweets (the other reason it’s so great is its generativity (see Jonathan Zittrain) — [...]
January 11, 2009
Casualties of Stock Market Warfare
A friend of mine linked to a blog post from Ivan Krstić about a massive short squeeze on Volkswagen stock back in October of 2008. Ivan does a great job of explaining what happened (so read that first), but I wanted to build upon the story.
Porsche vs. Traders
Basically, a bunch of hedge funds were [...]
December 12, 2008
Interesting Economic Datapoints
So I’m done with this semester and I was just watching C-SPAN2, which was covering the Senate vote on the automaker bailout. The vote failed 52-35 or so. Dow futures were down -325 around the time of the vote.
I am still cash but am getting a bit more antsy to buy than I was before. [...]
October 12, 2008
Optimism
So the G7 is meeting up with Dubya this weekend and so far nothing substantial has been announced. These people are useless. Dubya gets wheeled out to give a clueless speech that inspires no confidence. If anything, it encourages fear. Fear that we have no leadership to help us fix these [...]
October 5, 2008
Amazon as an Investment
Back in 1999 I bought a lot of AMD on the basis of their developing a chip, popular among overclockers and DIY builders, that would be superior to Intel’s. The market hadn’t picked up on this superior product yet. Later, when the market finally got wise, AMD stock went from something like $10 [...]
September 29, 2008
Sept. 29, 2008
Today there was a crowd of people watching the TV screen in the library lobby watching the market panic plummet while the vote failed.
I missed most of the good trades because I had class today. I traded a little later, made some money on GOOG and AAPL (long and short).
But it’s just really tragic to [...]
September 28, 2008
Still Waiting on the Bailout Deal
It’s Saturday night and I think the political leaders are currently meeting right now in DC regarding the bailout proposals. I’m guessing that tomorrow night (Sunday) is the key time to see if any deal will be announced. I can’t see how it won’t be passed. I think it would be taken as a major [...]
September 19, 2008
The Government Finally Gets Serious
I almost fell out of my chair yesterday while reading for class. I luckily had CNBC on and they announced that Hank Paulson was talking to Congress about a big move to save the markets, using Congress’s unlimited balance sheet, as Steve Leesman just said on CNBC.
I bought as soon as I could and [...]
September 18, 2008
Financial Crash
I’ve been watching the market tick-by-tick this week and it’s been nothing but failed bounces and hard selling.
Credit is most assuredly locked again like it was at the end of 2007. This time, insurance (AIG) and mortgage lenders (Fannie Mae and Freddie Mac) are included. It’s not just investment firms, hedgies, etc. anymore.
The [...]
