RSS feeddow jones
’Gaddafi’s market – US edition
Spotted: Vix, the ‘fear gauge’, up nearly 28 per cent on Tuesday.
A 2011 Egyptian revolution-encompassing high. (Though still way below 2010 eurozone-crisis levels.) According to VelocityShares,
The annotated flash crash diagram
Can’t wait for the SEC’s flash crash report?
Then try this alternative, from data firm, Nanex.
Like their charts of quote-stuffing — a high-frequency strategy that involves firing a massive number of quotes at a market and then quickly cancelling them — their diagram of the flash crash is full of pretty colours and is pleasingly abstract.
Thursday’s crash might really have been a Black Swan event
Was the world’s most pompous finance commentator and ornithology enthusiast in someway behind the flash crash?
There have been rumours that the order which set of Thursday’s cascade of high-frequency fueled-selling had originated somewhere in Chicago.
Citigroup: Don’t buy this dip
As the market tries to figure out what the hell happened after 14.00 EST on Thursday — was it the trading robots or a fat finger — Tobias Levkovich of Citigroup has issued a warning to clients:
In the S&P 500 over time,
Blame the trading bots – again
Does anyone remember the high-frequency-trading outrage that erupted last summer?
Prepare yourself for a redux.
The blame for Thursday’s Dow Jones rout has swiftly shifted from a fat-fingered Citigroup trader to the rise of the machine-trading bots.That’s right,
Dow factoids
Courtesy of Dowjones.com
DJIA, down 347.80 points, or 3.20% to 10520.32
Biggest point drop since February 10, 2009.
Biggest percentage drop since April 20, 2009.
Down three straight days and four of the last five.
The Dow at 10,000?
Will today be the day when the Dow recaptures this psychologically important level and we have to release the Rally Monkey from his cage?
Blow- out figures from Intel and JP Morgan were pointing toward a strong start on Wall Street on Wednesday.
The Keystone Press and the latest hoax bid story
There is no $2.2bn bid for Gulf Keystone Petroleum.
Repeat.
There is no $2.2bn bid for Gulf Keystone.
Official press release, Thursday:
The Company notes yesterday’s press speculation and can confirm that the Company,
Rally monkey or a dead cat?
You decide. (Note, the DJIA currently ahead +321.22 points).
Related links:
Monkey Sants – FT Alphaville
Dead cat splat – FT Alphaville
Charting the Dow
The DJIA – 1956 to 2009 (Click to enlarge – without the scribblings).
Related link:
Wall St tumbles; Dow hits lowest since ’97 – Reuters
Time for the tin hat?
FTSE 100 down 90 points.
UK’s public debt surges towards £1,200bn
Dow Jones Industrial registers new bear market low overnight.
The S&P 500 Financials Index falls 5.2 percent to its lowest level since January 1995.
Wall Street: not impressed
A financial stability plan – $2 trillion
An economic stimulus – $838bn
Watching Wall Street’s reaction – priceless
Geithner’s plan has not impressed. Light on detail and loaded with caveats, it’s also managed to circumvent the thorny issue of pricing toxic assets.
News Corp may face heir ‘deadlock’
News Corporation faces a potential deadlock once Rupert Murdoch’s heirs take over, according to a forthcoming biography of the 77-year-old media tycoon. An agreement giving equal economic rights in the Murdoch family’s stake in News Corp to all six of its chairman’s children – but voting control to the eldest four only – contains no provision for breaking tied votes,
Crazy markets, the historical perspective
Friday was another rollercoaster day of market activity, with selling in the last 45 minutes of the day wiping out earlier gains. For those caught in the maelstrom, you can console yourselves with the knowledge that these really are exceptional times,
Dead cat goes splat
The rally ends:
Dow 8,577.91 -733.08 (-7.87%)
Nasdaq 1,628.33 -150.68 (-8.47%)
S&P 500 907.84 -90.17 (-9.03%)
Doesn’t Monday feel a long time ago?
Related links:
Wipeout on Wall Street II – The GM edition
Leading this evening’s rout was GM. Shares in the car maker plunged $2.15, or 31 percent, to a 58-year low of $4.76 after S&P dropped this bombshell:
NEW YORK (Standard & Poor’s) Oct. 9, 2008–Standard & Poor’s Ratings Services
today placed its ratings on U.S.
Wipeout on Wall Street
The patient is not responding. US markets have gone into cardiac arrest.
Dow 8,579.19 -678.91 (-7.33%)
Nasdaq 1,645.12 -95.21 (-5.47%)
S&P 500 909.92 -75.02 (-7.62%)
Morgan Stanley
Crude and food falls help lift equities
Oil prices fell below $125 for the first time in six weeks yesterday, fuelling a rally in equities and declines in other commodities. The S&P 500, Dow Jones and Nasdaq are now all out of bear market territory.
David Li quits over Dow Jones case
David Li, Hong Kong’s most prominent banker, has resigned from the cabinet that advises the territory’s chief executive, citing the ”increasing distraction” caused by his recent settlement with the US SEC over insider trading allegations.
Li settles insider trading allegations
The prominent Hong Kong tycoon David Li, a former Dow Jones board member, is to pay $8.1m to settle US securities regulators’ allegations of insider trading prior to Rupert Murdoch’s bid for the US media group last year.
Li settles Dow Jones insider trading row
Former Dow Jones board member David Li has agreed to pay more than $8m to the SEC in order to settle allegations of insider trading. Li came under scrutiny in the wake of last year’s takeover battle for the company,
It’s official: Dow Jones is now Murdoch’s
Dow Jones was formally laid to rest on Thursday after shareholders approved the $5bn sale of the 125-year-old company and its flagship Wall Street Journal to Rupert Murdoch’s News Corp. The vote, which was considered a formality,
News Corp: The son also rises
Rupert Murdoch on Thursday set in motion the * biggest management shake-up at News Corp in years, giving his son, James, control over the media group’s European and Asian operations and dispatching two trusted executives to lead Dow Jones and its flagship,
Murdoch to revamp online WSJ
Rupert Murdoch plans to crank up the pressure on the Financial Times by making all content on the recently acquired Wall Street Journal free online, reports the Daily Telegraph. News Corp’s chairman, who agreed the $5.6bn purchase of WSJ-owner Dow Jones in August,
Murdamort moves in at the WSJ
The Huffington Post calls him Murdamort. For a long time in the UK he was known as the Dirty Digger, a reference by his UK critics to the tabloid sensationalism dished up by certain of his publications.
Dow Jones chief paves way for job cuts
Richard Zannino, the chief executive of Dow Jones, prepared the way on Monday for job cuts at the company after its $5.2bn acquisition by Rupert Murdoch’s News Corp. In a letter to employees of Dow Jones,
Gazprom held talks over Dow Jones: Times
Gazprom, the Russian state-controlled oil and gas giant, held talks about mounting a rival $5bn-plus offer for Dow Jones, publisher of The Wall Street Journal, to see off the bid from News Corp, reports The Times.
‘Tyrant’ Murdoch spells out vision
Rupert Murdoch on Wednesday said he had been willing to endure “criticism normally levelled at a genocidal tyrant” during his three-month battle to acquire Dow Jones because he was so convinced that Dow Jones and News Corp were a “perfect fit” for a digital age.
Now for the hard part, Rupert…
Rupert Murdoch is likely to take control of Dow Jones within three months, staff learnt on Wednesday, as the News Corp chairman moved to woo other shareholders after winning over sufficient members of the controlling Bancroft family for his $5bn offer.