I read an interesting piece on the CNBC website by John Carney regarding the SEC freezing the assets of a Goldman trading account that made a very suspicious trade in HNZ options right before the takeover was announced. John raised the idea that the SEC is overreaching by freezing the assets of the account without any evidence beyond the suspicious … Read More
It’s the Price Action Stupid!
Borrowing phraseology from the Ragin Cajun and former advisor to President Clinton, James Carville: it’s the price action stupid! Why is the market going up with unemployment so high, consumer debt outrageous, an environment where taxes must go higher, energy 5xs the norm, housing still depressed, access to credit stunted, expensive war expenditures, the Greece failure, a weak dollar, and … Read More