Trader Talk

The New York Stock Exchange trading floor, closed since March 23, is partially reopening on Tuesday. “I’m ready,” floor trader Jonathan Corpina of Meridian Equity Partners  said. “We have been waiting a long time, we are prepared. Our customers are ready.” Corpina acknowledged some trepidation about returning, a feeling, he said, of “walking into the
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Long-time professional traders watching the near implosion of the United States Oil Fund could only watch in wonder.  “It tells me people always want to make a quick buck,” said John Davi, chief investment officer and founder of Astoria Portfolio Advisors. He was referring to retail investors who lost a boatload of money investing in
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A pedestrian walks past the Federal Reserve building on Constitution Avenue in Washington on March 19, 2019. Leah Millis | Reuters The Federal Reserve pulled out another series of bazookas today, including a flurry of programs to buy more Treasuries and mortgage-backed securities.  But one move that surprised many was the decision to buy corporate
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Call it part of the grand blame game:  Markets are down big, so it must be someone’s fault.  Exchange traded funds.  High-frequency traders.  Short sellers. In Europe, they have already figured out whose fault it is:  Short sellers!  In the past week, several European countries, including Italy, Spain, France, Belgium and Greece–have banned short selling
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