I don’t know what it takes to get people’s attention these days. Peel your eyes away from the latest episode of Glee and drop the spork you’re using to shovel artificial mashed potatoes into your face for just one moment.
Is everyone following? OK, read this, please:
The founder of Tradebot, in Kansas City, Mo., told students in 2008 that his firm typically held stocks for 11 seconds. Tradebot, one of the biggest high-frequency traders around, had not had a losing day in four years, he said.
That gem appeared in a New York Timesarticle about high frequency trading. The article came out on May 16th and no one is talking about it. Nobody seems to think that the invention of a machine that has made its owner a profit EVERY SINGLE TRADING DAY FOR FOUR YEARS is such a big deal.
Have you all Green Mountain Coffee’d yourselves into a zombie trance? Well?
An automatic money machine. Seriously. Plug it in, maintain the gears and software and voila! Money.
There isn’t any stock research or economic musing going on. According to the article, the automatic money machine’s operators don’t even know what the stocks are that it’s trading. Again – the machine almost can’t lose money because it’s holding stocks for an average of 11 seconds.…
I agree with Tom Lindmark. Theoretically, upping the retirement age makes great sense. Practically, however, this would result in greater numbers of older people competing for jobs with younger people. Because the job market has been downsized and doesn’t appear to be getting stronger any time soon, this places a burden on people in all age groups.
Americans, as well as citizens of many other advanced nations, now spend about twice as many years in retirement as they did a generation or two ago. During that time, they expect the government to provide them with income support and healthcare. Is it any wonder that we face serious fiscal problems?
I hope the president’s fiscal commission makes raising the age of eligibility for these programs one of its main recommendations.
It all makes perfect sense when viewed in isolation but raises the question as to how those who find their retirements deferred are supposed to provide for their well-being.…
I wouldn't go to war again as I have done to protect some lousy investment of the bankers. There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
-Major General Smedley Butler, USMC, Two-Time Congressional Medal of Honor Winner
In observing politicians, the media, and American citizens, one thing is clear to me about the presidential, congressional, and local campaigns. ...
Five of the eight indexes on our world watch list posted gains over the past week, the same as the week before, although the average of the eight at 0.34% was a modest improvement over the -0.17% average the previous week. Japan's Nikkei was the top performer for the second week, up 1.97%, a tad higher than its 1.90% gain the previous week. India's SENSEX suffered the biggest drop, down 0.74%.
A Closer Look at the Last Four Weeks
The tables below provide a concise overview of performance comparisons over the past four weeks for these eight major indexes. We've also included the average for each week so that we can evaluate the performance of a specific index relative to the overall mean and better understand weekly vo...
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By Jacob Wolinsky. Originally published at ValueWalk.
On Monday, German conglomerate Bayer AG finalized its $62 billion takeover offer for American agrochemical company Monsanto (MON). The acquisition would create the largest agrochemical company in the world. Here is what the sell-side is saying.
Monsanto- Bayer – deals, deals, deals
At $122/share for Monsanto and no disposals the deal would require BASF to issue equity (Bayer issuing ~25% of the deal value) and would imply a deal ROIC in FY5 of 8.5%, 40bps below their WACC of 8.9% and below the buyback equivalent ROIC of 8.8%. The deal, however, would imply €4.55/share in FCF accretion in FY5 enabling BASF to delever to 0.5x net debt/EBITDA in the same time frame. If they levered back to 1.5x in FY15, we estimate EPS would reach €10.20/share.
Do you remember when you were growing up and all your friends were allowed Atari game consoles but you weren’t?
Well, I do and the things seemed as foreign to me as Venus. Mostly because the little time I managed to spend on the gaming consoles when my friends weren’t hogging them I found it all a bit silly. I never “got” computer games, and to this day still have poor comprehension of things like Angry Birds.
I suspect that many people around the world view Bitcoin in the same way as I view Angry Birds: with mild amusement and a general lack of understanding as to what the hell all the fuss is about.
I was thinking of this since a buddy of mine recently started ...
After a three-year bull run that more than quadrupled its value by its peak last July, IBD’s Medical-Biomed/Biotech Industry Group plunged 50% by early February, hurt by backlashes against high drug prices and mergers that seek to lower corporate taxes.
Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,
The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now.
And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now.
Phil writes back,
I was expecting them to start throwing poop at each other &n...
This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible. Feel free to contact me directly at email@example.com with any questions.
Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts. After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.) Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.
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