To wrap up the Earnings Season for 2Q12, the theme for earnings 2Q2012 season was weaker revenues than expected while earnings were essentially in line. With more than 96% of the S&P 500 companies reported, we'll return to the earnings & revenue surprise theme to illustrate...

Revenues Continue to Disappoint On July 20th, the blog entitled "Earnings Disappoint in the Worst Possible Way" covered the weakness in revenues this earnings season. Ed Yardeni’s Earnings Surprise report was used to support this statement. Yardeni Research tracks positive & negative surprises for both earnings and revenue for...

Late one NITE a line of Errant Code Algorithmic Trading Systems can give the impression of being simple enough for the E-Trade babies to uses.  Nothing could be further from the truth.  Take this weekend, Knight executives will work into the night securing liquidity necessary to remain...

Earnings 2Q2012 Revenues Shrinking So far 2Q12 earnings announcements are showing reasonable earnings numbers.   It's the revenue numbers (the top line a.k.a. Sales) that are cause for concern. Earnings (the bottom line a.k.a. Net Earnings) are inter-related.  It's what happens between the top & bottom line we will focus...

Dodd-Frank (Title VII) of 2010 moves forward with revisions and final rules. But forward movement is better than no movement at all.  Progress by July 2012: Dodd-Frank by numbers: Dodd-Frank's Progress to date:   Out of 398 total required rulemakings 221 Dodd-Frank deadlines have passed. 140 (63%) passed without a final...

Tongue firmly in cheek I've entitled this blog, "CDS & JPM: Is my Slippage Showing" to explain why JP Morgan's losses could not have been caused by slippage alone.  Slippage is used to describe the spread between the bid and ask.  Knowing slippage a trader...