Posts Tagged ‘SPY’

Mr Market poised for suggested QE3, U.S. Fed’s Jackson Hole meet, Aug 26

In Articles on August 26, 2011 at 11:15 pm

Easy money was made in 2009; when Bernanke had flushed the system with Quantitative Easing. In 2011, market volatility and jittery overwhelm investors, as they are divided between market pundits calls. The Fed had been largely very responsive and swift in its actions, and it is the general embrace of the market during the Lehman debacle which prevented the economy from the great plunge. The QE1 and 2 did help to avert the dreaded D word, and it seems that the markets are waiting for the next QE3 to exit from its bipolar nature which we are witnessing now.

Read more here Mr Market poised for suggested QE3, U.S. Fed


Buffett Feasts off Mr. Market’s buffet

In Articles on August 17, 2011 at 4:04 pm

The market seems jittery. As I have noted in my previous piece on Bank of America (BAC), the caveat is the obvious gloomy macroeconomic backdrop we are witnessing now. Buffet on the other hand seems to be on a buying spree, particularly on August 8’s precipitous decline, where he upped his stake in Wells Fargo & Co. (WFC). The legendary investor opined, “Banks, facing tighter regulation, can still be plenty profitable.”

Read more here Buffett Feasts off Mr. Market’s buffet

“Reminiscences of a Stock Operator” cheat sheet. Part 2

In Articles on July 16, 2011 at 2:12 pm

Continued from Part 1. “Reminiscences of a Stock Operator” cheat sheet. Part 1
11) Quote: But you find many people, reputed to be intelligent, who are bullish because they have stocks. I do not allow my possessions or my prepossessions either to do any thinking for me. That is why I repeat that I never argue with the tape. To be angry at the market because it unexpectedly or even illogically goes against you is like getting mad at your lungs because you have pneumonia.
Remarks: Always keep your emotion in check when trading

Read more here “Reminiscences of a Stock Operator” cheat sheet. Part 2

“Reminiscences of a Stock Operator” cheat sheet. Part 1

In Articles on July 9, 2011 at 6:46 pm

I was recently invited for a proprietary trading company interview after the interviewer was pleased with my response to a questionnaire. My response to “Who do you admire most and why?” was Jesse Livermore. The interviewer casually mentioned another interviewee quoted Hitler to the same question. I was trying not to let out an inappropriate laughter while trying to figure out the intent of the answer. But I digress.

Jokes aside, here are some of the aphorisms of “Reminiscences of a Stock Operator” by Edwin Lefevre to chew on. (Italics indicate quotes from links)

Read more here “Reminiscences of a Stock Operator” cheat sheet. Part 1