Powered By Blogger

About Me

Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!

Wednesday, December 23, 2009

Stock Market Quickie

Volume has been light for a good several weeks now, and with the
year end holidays upon us, has dropped off about 50% save for
the recent options expiration. The light move up reflects year's
end window dressing by institutional and funds managers, with the
full panopoly of tricks on display (you own 100k shares of smaller
cap XYZ corp and you play in another 1k shares bid higher so you
get an extra 1/8 on your full position etc.).

I plan to do full profile fundamental and technicals on the market to
benchmark us before year's end and will post shortly.

No comments: