Moon Kil Woong is currently a VP at a SME. Previously he was a tech stock consultant, VP of Research at ING, and sell side Director at Crédit Agricole Indosuez. Moon Kil Woong has a Masters in Public Administration from SJSU.
He contributes to both TalkMarkets and Seeking Alpha. You ...
more Moon Kil Woong is currently a VP at a SME. Previously he was a tech stock consultant, VP of Research at ING, and sell side Director at Crédit Agricole Indosuez. Moon Kil Woong has a Masters in Public Administration from SJSU.
He contributes to both TalkMarkets and Seeking Alpha. You can see his articles on TalkMarkets
here, and on Seeking Alpha
here.
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Latest Comments
Dancing Close To The Door
I'd take money off the table if I was heavily invested in the market. When there is a mad dash to the door good luck getting out. the main investors these days are banks and the very brokerages you trade stock with. The main concern right now is how thin this market is if you take out banks, brokerages, program trading, and high speed trading. The scary thing is that all these traders tend to trade the same direction together meaning when they race for the exit you won't get through no matter how close you are to the door. You'll just be stomped flat as a pancake.
Why Breadth Matters
Indeed breath matters more than price and it's starting to look pretty bad. It especially matters to big money and funds. Already the market is becoming a ant trap for big money, you can go in but can't get out without screwing the price.
Silver: Breakout Or Breakdown?
I see silver trading in its current range for quite some time. Real demand still exceeds silver mined and speculation still dominates the trading, thus its hard to push it down and hard for it to get much rise without sparking a new round of unbacked paper writing.
Grexit Anxiety Sparks Bond Bid As Stocks Skid To Worst Streak Since January
Please, once again I state the downturn is merely a partial retracement of the upswing the market saw on dumb optimism the days before Greece acted like Greece again. The market was on a downturn long before Greece was a major factor. It is down because the economy was horrific Q1 and it's becoming obvious it isn't on a wild tear as people watch interest rates on bonds jump regardless of what the Federal Reserve doesn't do. We have the lamest Federal Reserve in years. They are going to make a downturn that makes Greenspan look like a brilliant saint.
More Obamacare Sticker Shock: HMO Rates Up 20%, EPO Up 18%, 12% Overall; Death Spiral For Insurers?
That's what the healthcare industry deserves for supporting a socialist structure they know doesn't come close to paying for itself. Even with these increases, I doubt if it will hit breakeven and there will be pressure to accept those who fall out and make the medical providers pay for them whether or not they like it.
It is funny how healthcare stocks rose on the prospect of Obamacare thinking the government would just write big checks to them to take care of a whole new set of people who can't afford healthcare. Hello... Stop dreaming. Before this is over, they will be begging not to be involved in Obamacare at all.
Stocks Could Surprise Significantly In Next 15 Years
There should be at least 2 more cycles in 15 years. How surprising that is depends on how stupid you are.
Oil Inventories Show Fifth Decline: Oil Glut May Be Ending
1 this is just seasonal. If inventory rose in the summer driving season oil would be hopelessly bad. 2 is US speculators are trying to rid themselves of the pathetic inventories of the black goo. Thank goodness China is still wiling to take on supply although that will soon dry up as Russia dumps its oil on them. I hope they get it at dirt cheap rates.
New Housing Crisis In The Making? If So, What's The Solution?
Indeed the government has been part and parcel to overvaluations and bankruptcy in this market save banks that dump home loans to the taxpayer to take the loss on. Sadly not only is the housing market socialized with a vast majority of loans going to Freddie and Fannie. These behemoths can't stay liquid without the treasury having to buy their bonds to keep them liquid.
To give you an idea how unhealthy this market now is take a look at how NINJA like current homes are to the last collapse. FHA loans expanded from 21% to 25.5 of home loans with an average of only 2.9% down payment amounting to $7,609. Talk about repeating the same mistakes all over again.
Good Versus Bad Volatility
Uncertainty is not good or bad. More important is the skew. Likewise downside uncertainty is not bad unless you own the asset but may be great if you don't and buy it then. Without uncertainty there would be no need for a market, lol.
New Investment Safeguards World’s Food Supply
Saving your money and avoid trading costs and just buy Potash if you want to profit off fertilizer prices. All you feed with this type of investment is banks and traders who want to take you for a ride as they siphon off trading and maintenance fees.