Tomorrow’s “Onion” Headlines . . Today! I can just see The Onion’s retort to today’s lead headline in The Wall Street Journal (“Germans in Talks to Buy Big Board”) — maybe something like this: “Chinese Negotiating for Large Pipe.” Of course, the “Big Board” in question is The New York Stock Exchange, as it is otherwise...Read More
“Lurching From Port to Starboard” My favorite quotes assessing yesterday’s market action follow. (Note: ‘HFT’ stands for “High Frequency Trading”; “fat finger” refers to the rumor circulating that someone at Citigroup mistakenly entered a trade with “billion” instead of “million” entered.) Personally, I find it hard to believe that a clerical error could be the...Read More
