The Big Picture
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| Blog Name: | The Big Picture |
| Url: | http://www.ritholtz.com |
| Language: | English |
| Topics: | finance, economics, markets |
| Description: | |
| Popularity: | 5 Followers |
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Bloomberg: Mark Pittman, Reporter Who Foresaw Crisis, Dies at 52
Our friend and comrade Mark Pittman of Bloomberg News died unexpectedly on Wednesday. The link to the Bloomberg story is below. Mark was a great reporter and a great friend. He prized accuracy over timeliness at a time when many people in the media don’t know the difference. He led the legal effort to force the Fed to open the books on AIG and the many other bailouts. I owed him a phone call last week and now must wait to return it and his many favors. We actually got to take in a Yankees game a couple of years ago and I now appreciate how important and fleeting are those moments. Mark will be missed but the fight continues. Chris
Our friend and comrade Mark Pittman of Bloomberg News died unexpectedly on Wednesday. The link to the Bloomberg story is below. Mark was a great reporter and a great friend. He prized accuracy over timeliness at a time when many people in the media don’t know the difference. He led the legal effort to force the Fed to open the books on AIG and the many other bailouts. I owed him a phone call last week and now must wait to return it and his many favors. We actually got to take in a Yankees game a couple of years ago and I now appreciate how important and fleeting are those moments. Mark will be missed but the fight continues. Chris
Black Friday Shopping Update
We mostly steered clear of shopping today — went instead to the Chicago Art Institute’s new Modern Wing. In the AM, the girls did go to Nordstrom’s for shoes — the parking lot was pretty filled, but the store was not exactly jammed. (Like Bloomingdales, I will admit that you can while away lots of time surrounded by pretty young things trying on shoes).
We mostly steered clear of shopping today — went instead to the Chicago Art Institute’s new Modern Wing. In the AM, the girls did go to Nordstrom’s for shoes — the parking lot was pretty filled, but the store was not exactly jammed. (Like Bloomingdales, I will admit that you can while away lots of time surrounded by pretty young things trying on shoes).
Fox News Makes the Best. Pie Chart. Ever.
Fair & Balanced — just not mathematically competent: > Hat tip Flowing Data ~~~ Update: Here is the Video (Nov 23)
Fair & Balanced — just not mathematically competent: > Hat tip Flowing Data ~~~ Update: Here is the Video (Nov 23)
Technical, fundamentals
As technicians don’t care about fundamentals, according to them, in light of the Wednesday morning news from Dubai that so shocked markets on Thursday, we can look at the charts to see at what levels the buyers and sellers acted today. The 50 day moving average in the S&P futures is 1070 and we traded as low as 1067 this morning. The 50 day MA in the NDX futures is 1737 and they stopped at 1742 this morning. The Russell 2000 has been the laggard of late as it remains below its 50 day MA of 597 and on the flipside the DJIA has been the outperformer, remaining well above its 50 day MA of 9978 at the lows of the opening. Where the Dubai events go from here has much to do with the
As technicians don’t care about fundamentals, according to them, in light of the Wednesday morning news from Dubai that so shocked markets on Thursday, we can look at the charts to see at what levels the buyers and sellers acted today. The 50 day moving average in the S&P futures is 1070 and we traded as low as 1067 this morning. The 50 day MA in the NDX futures is 1737 and they stopped at 1742 this morning. The Russell 2000 has been the laggard of late as it remains below its 50 day MA of 597 and on the flipside the DJIA has been the outperformer, remaining well above its 50 day MA of 9978 at the lows of the opening. Where the Dubai events go from here has much to do with the
Annotated Dow Industrial Channels
Some looks at the Dow’s trading channels range for a slow holiday Friday: >
Some looks at the Dow’s trading channels range for a slow holiday Friday: >
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