Monday, May 17, 2010

The market fought back to even on tiny volume and stepped up orders while other markets around the world continued to struggle.

FYI - Tradebot hasn't had a losing trading day in 4 YEARS!!! Think about that and it makes Goldman look like saps.

That includes the bubble years, the crash, the rebound, etc, and they haven't lost on a single day.

Obviously, they have the best analyst in the business identifying trends across various industries, right? Nope, the key to their success - holding stocks for an average of 11 seconds. These are the people that account for 40-70 percent of all stock trading in the US right now. Yeah, this is a healthy situation.

Full Disclosure, I know the founders of Tradeworx and worked with them as a start-up many years ago.

IMF: US Debt Nearing 100 Percent of GDP

"The United States’ national debt will soon reach 100 percent of gross domestic product, the International Monetary Fund predicts in a new report.

The sharp rise in U.S. debt started in 2006 and by 2015, the IMF suggests, debt could reach more than 100 percent of GDP.

At the end of first quarter of 2010, the gross debt was 87.3 percent of GDP, of which 56.6 percent was held by the public, and 44.4 percent was intragovernmental, U.S. officials have said.

The IMF predicts that the U.S. would need to reduce its structural deficit by the equivalent of 12 percent of GDP, a much larger portion than any other country analyzed except Japan.

Greece, in the midst of a financial crisis, needs to reduce its structural deficit by just 9 percent of GDP, according to the IMF’s analysis."

Note to self and family members -- Buy RosettaStone Korea b/c we might want to relocate.

Oh, and remember the volcano in Iceland? The big ugly stepbrother Katla experienced a small earthquake today. Not necessarily unusual, but since this earthquake could be 10 times the size of the current eruption it's worth monitoring.

"Historically, Katla has erupted after the eruption of it’s close neighbor, Eyjafjallajokull, which first erupted on April 14, 2010 and is ongoing at this moment. Magma channels beneath to the two volcanoes are thought to be interconnected. A Katla eruption would likely be about ten times as powerful at the Eyjafjallajokull eruption and could cause worldwide disruption while expelling huge volumes of volcanic ash into the stratosphere which would circle the globe potentially for years, depending upon the magnitude of the eruption."

Since the weather is finally improving in NNY it seems only right a giant volcano would wipe out summer :)

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