Tag Archives: Woes
Will Europe Add to Market Woes Tomorrow?
Markets had a decent move off the lows with some of the usual suspects moving well, before fading in the last hour of trading (http://en.wikipedia.org/wiki/Trade). In the 10:15am note we spoke about trading vs. the morning low pivot of SPY $ 137.84. As of now we are around $ 138.60. I covered SPY according to plan around $ 138.European markets were still closed today, so its possible we didn’t feel the full effect of selling in today’s session. Could today’s intraday bounce, in the banks especially, been engineered to get some people out of shorts and potentially into dip buying mode before another leg down? We’ll see tomorrow morning, but for now I am staying light and nimble. The 50day moving average…
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Minyanville’s T3 Daily Recap: Will Europe Add to Market Woes Tuesday?
Markets had a decent move off the lows with some of the usual suspects moving well before fading in the last hour of trading. This morning on the Buzz & Banter we spoke about trading vs. the morning low pivot of SPY $ 137.84. As of now we are around $ 138.60. I covered SPY according to plan around $ 138. European markets were still closed today so it's possible we didn't feel the full effect of selling in the session. Could today's intraday bounce — in the banks especially — have been engineered to get some people out of shorts and
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Maybe We Should Stop Blaming Apple for the Woes of Chinese Factory Workers
As the world’s largest company Apple (AAPL) has become much like Wall Street banks a symbol of the kind of corporate gigantism that Occupy Wall Street protestors and their sympathizers rail against. Among the myriad controversies the Cupertino-based company has faced this year none has caused as much consternation or created as much media coverage as allegations that it had commmited labor abuses in China. The site of the media storm is of course the Foxconn factory in Shenzhen which though it also assembles products for Amazon (AMZN) Sony (SNE) Dell (DELL) Microsoft (MSFT) and Hewlett-Packard (HPQ) has …
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