Dave Moenning

Posted October 11, 2012

99.9% of all quotes on the exchanges and 70% of all trades completed are done by HFT. This means that there is literally nobody on the other end of the trade you are placing.

Posted October 03, 2012

If you are indeed looking to "get rich quick" (over the next 10 years), my advice is to find a system that (a) works well most of the time, (b) you can thoroughly understand and can live with during good times and bad, and then (b) stick with it - yes, even when the going gets tough.

Posted October 01, 2012

According to a report I saw out of NANEX yesterday, 99.9% of all quotes on the exchanges and 70% of all trades completed are done by HFT.

Posted September 27, 2012

I prefer to rely on the objective readings of my models when making investment decisions. This approach may not be right for everyone, but I must admit that the models do tend to get most of the big moves right and as a result; I tend to sleep pretty well at night.

Posted August 16, 2012

A quick glance at the scoreboard should remind investors that things aren't all that bad right now either. The S&P 500 is up +11.76% on the year and the NASDAQ (QQQ) - thanks in no small part to Apple (AAPL) - currently sports a gain of +16.76%.

Posted August 04, 2012

In the case of one uber-bear in particular, we were told that nothing short of a global recession would ensue if either of our two superhero bankers dared to disappoint the mighty markets.

Posted August 03, 2012

History has shown that whenever things get ugly - I mean really ugly - the Fed's cavalry has always mounted their white horses and come to the rescue with plans to stimulate the economy, which, of course, caused stock prices to improve.

Posted July 26, 2012

We all know that Mr. Bernanke likes to lead the cavalry charge to come to the rescue when things look bleak.

Posted July 18, 2012

In listening to Mr. Bernanke's Q&A with the Senate Banking Committee yesterday, it occurred to me that the path forward is now fairly clear.

Posted July 16, 2012

If another round of QE is announced (or even hinted at), traders are going to buy what has worked the last three times and push "risk assets" higher. You can count on it.

Posted July 13, 2012

The sentiment toward the global macro outlook is dour and fear is in the air. Nouriel Roubini is out with a new forecast suggesting the sky will actually fall this time around.

Posted July 09, 2012

Yes, you are correct; applying one of literature's most famous quotations to the problems facing today's central bankers is the very definition of trite. But after reading the four lines and making the referenced substitutions, I'm guessing even an Econ 201 student can see what I'm getting at.

Posted July 04, 2012

The U.S. remains the best house in this growth-slowing neighborhood.

Posted June 30, 2012

Wall Street traders are nothing if not adaptable. So, it wasn't terribly surprising to see stocks sell off in earnest over the ensuing half hour. It became clear to me that SCOTUS was worth about 9 S&P points.

Posted June 26, 2012

It certainly feels like "déjà vu all over again" right now as we're seeing the same pattern and the same issues/concerns, all at exactly the same time for the third year in a row.

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