Trader Mike

Cap’n Arbyte wrote an interesting article entitled ‘The Productivity of Stock Trading‘ which does a great job of explaining what traders ‘produce/create’ and how they contribute to the economy. If any of you traders have been feeling like slackers you should read that article. (Link via this week’s Carnival of the Capitalists)
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On Monday morning, the USA Today greeted us with the following alarming headline: “$84,454 is the average household’s personal debt. ; $473,456 is the average household’s share of government debt, including Medicare and Social Security. The government isn’t asking you to pay it. Yet.”
Pretty incredible, right? Currently, the market is essentially rising right along our [...]

No watchlist today as I wait for the Fed, but check out this week’s Carnival of the Capitalists

Be sure to stop by this week’s Carnival of the Capitalists which is hosted at Business Evolutionist.
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Be sure to check out this week’s Carnival of the Capitalists which is being hosted by Martin ‘Egoist’ Lindeskog over in Sweden.
In response to my moving averages post Martin asked for my take on Michael Covel’s trend-following method. Well I’m ashamed to say that I’m not familiar with Covel’s work, but that will [...]

There’s been a lot of good economics & business related blogging of late. This week’s Carnival of the Capitalists highlights many good recent articles. Below are some of the ones that caught my eye, plus a few other posts I read over the weekend:

Michael at the Calico Cat discusses the ‘free market of [...]

Dave has a great post which shows the other side of all the ‘great’ economic news released of late. This kind of stuff has been gnawing at me all year… that old wall of worry again. The trader in me can’t let this kind of stuff get in my way though, which is [...]

Here’s the best article I’ve seen regarding the economy’s second half recovery.
(via Zwoof’s Woofing Post)
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Here’s a pretty dire article about what the recent rise in interest rates may mean for the economy. It may be a bit ‘Chicken Little-ish‘ but it does raise some valid concerns.

Tags: Bond-Market, Interest-Rates

Let’s see the bulls try to spin this positively — 10:00 ET Consumer Confidence 76.6 vs. 85.0 consensus — My first guess is that the weak job market is weighing on consumers. So of course the bulls will come back with “that’s a lagging indicator”…
Update: Here’s more detail (from Briefing.com):
10:15 ET Economic Review [...]