This is the Weekly Investment & Finance Thread (August-19-23 edition)---- Posted on 08/19/2013 2:53:27 AM PDT by expat_panama
This is the Weekly Investment & Finance Thread (August-19-23 edition)----
Trying to focus on the markets for today and each day and the economic news
This is where you can exchange some investment opinions and advice
If you see another FR economic thread you like and want to link to it here, please do
Post your favorite economic site links. Your favorite economic blogs and precious metals blogs and sites
Ping list -- on or off let me know here or via freep-mail. If I missed you then Freep-mail me
I might ping you to other interesting economic threads a few times a week. One per day maybe
Sites that posters have recommended ------
| Mutual funds: Top-Performing Mutual Funds by Category-Kiplinger Best Mutual Funds | US News Best Funds Most Popular Funds (you can look at their Holdings). this one?
Oil and Gas Industry Treasury Basics.. All things forex from different sources. Lots of forums for traders Dividends...
CPA’s.... |
nothin’ wrong with profits, even the meager kind.
INTC is on NASDAQ. Look at the super long wicks on the two green candles just before it went down.
I thought before I knew what was going to happen, how does one quickly grab that price in the stratosphere, over 20 cents higher than 22.18 where it's been running. I'm not sure you can grab a price like that unless you have a limit order already placed.
Glad I wasn't trading anything today, waiting for an improvement from the beating those bad days. Was just recovering with some way to go on a couple. Now this.
I look at that stock once in awhile, have it on a watchlist. Hasn't tempted me yet.
It looks like it's going to be down the rest of the day. I bet they don't know what happened.
I had stop quotes put on all my stocks back when. One morning in the span of a few minutes, they all tripped. I was looking to lose a lot of money. ST restored every one of them for me. I guess I was the first to notify them but it affected other customers, too.
Man glad I'm not in the middle of a day trade with a lot riding on it. Think of all the day traders out there! I can't day trade any more until my stock comes up to break even which I believe it will; after this, who knows?
I had something interesting to share. I will try to post it later if I can find a public site. It was on ST. The general theme was the mad trading before the market crashed in 2008. The writer explained how it can't be sustained because of interest rates rising.
All appears to be normal now.
What I’m seeing is all NASDAQ listed securities frozen. The DOW and NYSE stocks moving but all my ‘four-letter’ stocks are stuck.
[hearing the sound of thousands salivating in unison...]
Just finished reading a commentary where if it had to happen it couldn't have happened on a better day. Traders weren't antsy to sell off, Bernanke didn't make a slip of the tong on an FOMC day, Asian market and futures were good.
I don't know what all that means but it tells me that maybe I should put some stops back on my stocks. I really don't like them. But I don't want to take a chance on a flash crash and I'm still not sure we know everything about the snafu today.
Surely some investors got caught with their pants down even though they said you could keep your trades in, cancel them or put in new orders.
There was a trading strategy that was replaced by the commentary. It made me want to go arrrgh because there is so much I don't know how to do. It was about a stock that's stuck, make a collar with options, then one more put I think it was. Anyway the point is that strategy knowledge is power and I'm at the mercy of the buy low sell high gods.
I had 2 stuck, two not, overall it was a better day since one day not too far back that was hopeful, then quashed the next day.
We will never know what could have been if NASDAQ stocks didn't get stuck. Mine might not have done as well it hadn't seized up. We'll see how things go tomorrow.
Fed tapering: The math investors need to know by Brett Arends
"In October, 2007, just before the crash, the stock market put on one last surge to new highs. Even though it was clear there were icebergs all around — and indeed several ships were already taking on water and listing heavily — the participants in the market decided to party One Last Time.
"My excellent friend Peter Bennett, a money manager in London who has called most of the big market moves over the past 15 years, sent a missive to his clients with a powerful one-word headline: “Farce.”
"Well, here we are again. I am not so bold as to predict what is going to happen over the next few months, but the situation on Wall Street brings that word to mind yet again."
Rest of article at link.
Crisis of market confidence after Nasdaq shutdown
Nasdaq's three-hour "flash freeze" Thursday has reignited concerns about the technology supporting the stock markets.
Some 'crisis'. Right now stock index and metal futures are flat.
imho considering that NASDAQ's been around say 40 years and has dropped out for a few hours maybe three or four times, I'd only wish my ISP, the garbage collection, and the electric company could do so well. Any other thoughts?
Crisis of market confidence after Nasdaq shutdown
Nasdaq's three-hour "flash freeze" Thursday has reignited concerns about the technology supporting the stock markets.
Some 'crisis'. Right now stock index and metal futures are flat. \
imho considering that NASDAQ's been around say 40 years and has dropped out for a few hours say three or four times, I'd only wish my ISP, the garbage collection, and the electric company could do so well. Any other thoughts?
Hard doing this before finishing my morning coffee ;)
Anyway, the the article seemed to be pushing the pop myth that Wall St’s doing great tx to the Fed. What I’m seeing is is that stock indexes are going nowhere and the Fed’s just doing what the Fed’s been doing for decades.
The 30 minute “glitch” didn’t bother me, the subsequent 2 1/2 hour meeting after the problem had been solved did.
I’m looking at SLCA today for the short squeeze. Kudos to JN for pointing this out.
Hmmm, and this all happening the week that began with
Obama prods agencies to enact Wall St. rules
Shades of the botched phony fast'n'furious gun crisis; conspiracy theories anyone?
Yes. Still no substitute for the boys in the pits and on the floor. Open outcry trading is as American as Mom and apple pie!
HFT serves no legitimate purpose, imo, and gov’t spying and hacking and data mining and punishing political opponents shenanigans are well known.
tx for the input tho I'm foggy onnot sure what that had to do with the NASDAQ's dropping out. Just the same I'm making a nice chunk of change doing HFT's for grateful customers, so if you don't understand them then please don't side with the Obama's goofy war on the rich.
It's just one analyst's opinion, probably has merit, market is churning its wheels. But what would one do it one couldn't play in the Wall Street sandbox? Traders are adjusting to the volatility and unpredictability. I wonder how many are exiting? A few.
Please tell me more about your work in HFT's. Do you sell software? I've been doing the same thing but not nearly as efficiently. Besides my pet stock is still getting shorted. Which I believe was deliberate, I guess just doing what vultures do.
It could be worse today but hours to go.
For your perusal.
It's only what all stockholders do. Whenever you buy at say, $29.52 and then see the trade go through at $29.5165, you know it was a HFT that snatched up your trade by coming in at a third of penny cheaper. OK, so a third of a penny doesn't seem like much but for me at the end of the year comes out more like an extra hundred bux.
I'd thought of like you said trying it myself and maybe I'll get around to it but there are so many things I can and want to do already that my setting up a full time HFT factory is pretty low on the list. It's so much easier for me to settle for my $100 side of someone else's work.
huh, I googled hft and glitch and it didn't come up. TX for the ping.
So Jon Najarian makes a lot of money telling people what they want to hear and at the same time he stirs up support for advancing Obama's Marxist agenda. Me and my family should be able to survive but imho this mindless business-bashing is destroying the American republic; a pitiful waste.
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