Trader Talk

The New York Stock Exchange trading floor, closed since March 23, is partially reopening on Tuesday. “I’m ready,” floor trader Jonathan Corpina of Meridian Equity Partners  said. “We have been waiting a long time, we are prepared. Our customers are ready.” Corpina acknowledged some trepidation about returning, a feeling, he said, of “walking into the
0 Comments
JPMorgan kicks off earnings season on Tuesday. The bad news: Short-term guidance will be very ugly.   But there’s some good news:  1) The Securities and Exchange Commission has told corporations that this earnings season is not routine and has encouraged companies to provide forward-looking guidance, and not be concerned that the information may change rapidly.
0 Comments
Call it part of the grand blame game:  Markets are down big, so it must be someone’s fault.  Exchange traded funds.  High-frequency traders.  Short sellers. In Europe, they have already figured out whose fault it is:  Short sellers!  In the past week, several European countries, including Italy, Spain, France, Belgium and Greece–have banned short selling
0 Comments