Archive for February, 2008

What does the Walls Street Journal Poll Mean for McCain?

Thursday, February 21st, 2008
S K Duncan asked:


http://news.yahoo.com/s/nm/20081021/pl_nm/us_usa_politics_poll_nbc

A Wall Street Journal poll shows Obama with a double digit lead, 52 to McCain’s 42. The Wall Street Journal is not a liberal newspaper.
What does this mean for McCain? Is this why he is squandering campaign money on clothes for Palin and her kids?

Kristen

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Posted in Elections | 11 Comments »

Have you recently been turned down for credit (loans, credit card, etc) due to the plight in wall street?

Thursday, February 14th, 2008
Don’t mess with me asked:


I saw on the news that businesses are being turned down for credit. Some people can’t get car loans at the dealerships. Have you had a personal experience of you own or know someone else that has experience something like this?

Gertrude

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Posted in Credit | 3 Comments »

News Profiteer - Torex Trading News System

Wednesday, February 6th, 2008
Guru1 asked:


Once you learn these few amazingly yet simple secrets, you can too, take advantage of the market and rake in pips!

Let me share with you this true story, and I **** to use this word “story” because it has a fictional implication to it, but as you read on you’ll see some irrefutable proof of this $100,000 gain…

An average retail Forex trader, let’s just call him Mr. H., was able to generate a whopping 126% return (or his account grew to 226%) on his live account in less than 90 days!  To put a dollar amount, he was able to make $101,803.84 gross from a $75,000 account…

You see, Mr. H. started trading Forex a few years back, and he learned how to trade based on technical indicators, like 95% of Forex Traders out there; he would have some good days and then some bad days.  During real bad days he would have a margin call or two on his account, a typical overleveraged dreamer, AKA Retail Forex Trader.

It was during one of his late-night internet surfing sessions, searching for that elusive holy grail Forex system, that he stumbled upon a new way to look at the market, and he hasn’t been the same since…

What Mr. H. realized was that Forex market moves because of fundamental news releases; if you can anticipate fundamentals, you can OWN the market.

The funny thing is that this information is not some top wall-street market secret (if such a thing exists), but a combination of some good old common sense and psychology; somehow 95% of traders are just hopelessly blind to its existence…

It’s like this, “In the land of the blind, the one eye man is King!” While majority of traders either don’t know or don’t care about this amazing fact, you can start to cash in on this amazing information…

And according to Mr. H., in his own words, after he *cracked* the code on Forex news trading, he felt so embarrassed about how clueless he was during all of those previous years he spent at trading, which was one of the main reasons that compelled him to share this information…

And this information is NOT trading news spikes.  As you know, many brokers **** news traders, and the reason is when an important news is released, there aren’t any bids in the market; in order to fulfill your order, your broker has to take all of the risk, essentially your gain is his loss… and if we are sure of one constant in Forex retail trading, that would be brokers are here to make money…

Not only your broker will love you for using this information, you will also be able to stop fighting over the scraps and leftover pips during news releases time, and take advantage of market sentiment and pick up the entire 3-course meal with dessert at minimum risk.

So, if you are ready to transform your Forex Trading, (or options, or commodity, or even stocks for that matter) you need to get a hold of Mr. H’s information (and yes, you’ll see his LIVE account statement):

But I feel it’s only fair to warn you that Mr. H. is under a lot of pressure from investors, brokers, and savvy internet marketers.  Apparently when you can turn $75K into $175K in 90 days, you’ll get a line of people outside of your office waiting to give you money to trade…

So if I were you I’d not take any chances because although he is still offering his “secret” for now, there is no guarantee that he won’t strike a deal with a major Forex Company and bury this information forever, so GET IT WHILE IT LASTS.

For more informetion: http://newsprofiteer.wordpress.com/

To your success!

Guru1



Cecil

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Posted in Online Business | No Comments »

Wall Street History

Saturday, February 2nd, 2008
MTnews asked:


Daily Market Commentary for November 20, 2008 from Millennium-Traders.Com

The DOW officially shed 50 percent of its value,since all time high set during October 2007. (read more)   

http://www.millennium-traders.com/news/newscommentary.aspx

Economic data released today:

Jobless Claims: U.S. Jobless Claims for week of November 15 increased by 27K to 542K compared to survey of a drop by 11K; U.S. Continuing Claims for week of November 8 increased by 109K to 4,012,000; U.S. Jobless Claims for week of November 8 revised to 515K from 516K; U.S. Jobless Claims Highest since July 1992; U.S. Continuing Claims Highest since December 1982.

Leading Indicators: U.S. Conference Board October Leading Index fell 0.8 percent; U.S. Conference Board October Coincident Index rose 0.2 percent; U.S. Conference Board October Lagging Index rose 0.1 percent.

Philadelphia Fed Survey: Philadelphia Fed November Business Index fell 39.3 versus October drop by 37.5; Philadelphia Fed November Business Index Expected to drop by 38.0; Philadelphia Fed November Price Paid fell 30.7 versus October 7.2; Philadelphia Fed November Price Received fell 15.5 versus October 5.3; Philadelphia Fed November Employment fell 25.2 versus October drop by 18.0; Philadelphia Fed November New Orders fell 31.4 versus October drop by 30.5; Philadelphia Fed November Shipments fell 18.8 versus October drop by 18.8; Philadelphia Fed November Delivery Times fell 20.6 versus October drop by 20.2; Philadelphia Fed November Inventories fell 19.6 versus October drop by 22.3; Philly Fed Firms say Conditions Continue to Deteriorate; Philadelphia Fed Manufacturing Index at Lowest since October 1990.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:

DOW (Dow Jones Industrial Average) triple digit loss of 444.83 points to end the trading session at 7,552.45

NYSE (New York Stock Exchange) triple digit loss of 360.77 points to end the trading session at 4,651.22

National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 70.30 points to end the trading session at 1,316.12

S&P 500 (SPX) loss of 54.14 points to end the trading session at 752.44

FTSE All-World Index data excluding U.S. (AW01UK) loss of 6.84 points to end the trading session at 124.82

FTSE RAFI 1000 triple digit loss of 214.49 points to end the trading session at 2,828.32

BEL 20 (BEL20) loss of 83.31 points to end the trading session at 1,861.99

CAC 40 (CAC40) triple digit loss of 107.47 points to end the trading session at 2,980.42

FTSE100 (UKX100) triple digit loss of 130.69 points to end the trading session at 3,874.99

NIKKEI 225 (NIK/O) - closed November 19 - loss of 55.19 points to end the trading session at 8,273.22

New York Stock Exchange (NYSE) stock market indicators for the trading session today:

Advanced stock prices 429, declined stock prices 2,527; unchanged stock prices 111; stock prices hitting new highs 2 and stock prices hitting new lows 1,270. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: ProShares Ultrashort S&P 500 (NYSE: SDS) stock price gained 15.03 points on the trading session, high on the trading session $130.27, low on the trading session $109.39 with a closing stock price at $127.97; ProShares Ultrashort QQQ (NYSE: QID) stock price gained 8.35 points on the trading session, high on the trading session $99.25, low on the trading session $86.00 with a closing stock price at $98.60; BorgWarner Incorporated (NYSE: BWA) stock price gained 0.88 points on the trading session, high on the trading session $18.71, low on the trading session $15.00 with a closing stock price at $16.99.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:

Advanced stock prices 250; declined stock prices 2,994; unchanged stock prices 37; stock prices hitting new highs 3 stock prices hitting new lows 1,421. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Baidu.com Incorporated (NasdaqGS: BIDU) stock price shed 2.29 points on the trading session, high on the trading session $120.94, low on the trading session $105.55 with a closing stock price at $109.45; First Solar Incorporated (NasdaqGS: FSLR) stock price shed 14.08 points on the trading session, high on the trading session $96.80, low on the trading session $86.00 with a closing stock price at $87.05; Woodward Governor Company (NasdaqGS: WGOV) stock price shed 5.02 points on the trading session, high on the trading session $19.60 low on the trading session $15.88 with a closing stock price at $17.06; Intuit Incorporated (NasdaqGS: INTU) stock price gained 0.16 points on the trading session, high on the trading session $22.44, low on the trading session $20.24 with a closing stock price at $20.71; PetSmart Incorporated (NasdaqGS: PETM) stock price gained 1.58 points on the trading session, high on the trading session $16.75, low on the trading session $14.44 with a closing stock price at $14.90.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:

Advanced stock prices 185; declined stock prices 701; unchanged stock prices 82; stock prices hitting new highs 6 and stock prices hitting new lows 245.

Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:

E-mini S&P 500 (ES) end of trading session price 749, -62.7

E-mini NASDAQ-100 (NQ) end of trading session price 1,046, -50.25

E-mini DOW $5 (YM) end of trading session price 7,507 -515

E-mini S&P MidCap 400 end of trading session price 453, -37.50

E-mini S&P SmallCap 600 (SMP) end of trading session price 207.20. -14.80

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:

Euro 0.8029 to U.S. Dollars 1.2455

Japanese Yen 94.060 to U.S. Dollars 0.0106

British Pound 0.6788 to U.S. Dollars 1.4732

Canadian Dollar 1.2954 to U.S. Dollars 0.7720

Swiss Franc 1.2243 to U.S. Dollars 0.8168

Commodity Markets:

Energy Sector: Light Crude (NYMEX: NYM) shed $4.45 on the trading session for a closing price of $49.65 a barrel ($US per barrel)

Heating Oil (NYMEX: NYM) shed $0.09 on the trading session for a closing price of $1.69 a gallon ($US per gallon)

Natural Gas (NYMEX: NYM) shed $0.43 on the trading session for a closing price of $6.39 per million BTU ($US per mmbtu.)

Unleaded Gas (NYMEX: NYM) shed $0.10 on the trading session for a closing price of $1.01 a gallon ($US per gallon)

Metals Markets:

Gold Market Price (COMEX: CMX) gained $12.70 on the trading session for a closing price of $748.70 ($US per Troy ounce)

Silver (COMEX: CMX) shed $0.29 on the trading session for a closing price of $9.03 ($US per Troy ounce)

Platinum (NYMEX: NYM) shed $33.60 on the trading session for a closing price of $790.10 ($US per Troy ounce)

Copper (COMEX: CMX) shed $0.03 on the trading session for a closing price of $1.58 ($US per pound)

Livestock and Meat Markets (cents per lb.):

Lean Hogs (Chicago Mercantile Exchange: CME) gained 1.78 on the trading session for a closing price of 64.68

Pork Bellies (Chicago Mercantile Exchange: CME) gained 3.00 on the trading session for a closing price of 87.60

Live Cattle (Chicago Mercantile Exchange: CME) shed 1.38 on the trading session for a closing price of 86.53

Feeder Cattle (Chicago Mercantile Exchange: CME) shed 0.10 on the trading session for a closing price of 89.75

Other Commodities (cents per bushel):

Corn (Chicago Board of Trade: CBT) shed 15.25 on the trading session for a closing price of 378.00

Soybeans (Chicago Board of Trade: CBT) shed 41.00 on the trading session for a closing price of 856.00

Bond Market:

2 year bond gained 5/32 on the trading session for a closing price of 100 31/32 with a Yield of 0.98, Yield Change -0.09

5 year bond gained 19/32 on the trading session for a closing price of 103 31/32 with a Yield of 1.89, Yield Change -0.13

10 year bond gained 2 14/32 on the trading session for a closing price of 105 30/32 with a Yield of 3.05, Yield Change -0.28

30 year bond gained 6 30/32 on the trading session for a closing price of 117 2/32 with a Yield of 3.56, Yield Change -0.55

Thanks for reading

Millennium-Traders.Com

http://www.millennium-traders.com



Ernest

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Posted in Day Trading | No Comments »

Wall Street: Where Money Grows

Friday, February 1st, 2008
A Raymond Randall asked:


When working, I listen to Bloomberg Television. Commentators and guests banter about the stock market, the Federal Reserve, interest rates, corporate stock, and national news. The day changes, the news is similar, but never trumpery.

As interesting as daily stock market news is to me, I often wonder if market reports matter when most investors are too busy and distracted to pay attention. Investors stay-tuned for the closing market averages; if the market is up, all is right with the world. If the market is down, “I’m in it for the long haul.” If the market cascades unexpectedly, investors second-guess investment decisions.

“Buy! says the Bull” “Sell!”, says the Bear. Who is Right? Stock and bond trading is a tug-of-war between the Bears and the Bulls (similar to the Democrats and the Republicans): one group sees what’s right, the other group sees what’s wrong. Both are opportunists.

If too many become Bulls, the suspicious Bears salivate; when the Bear corrals the Bull, the Bulls know their time is near. Bear traders see the glass half-empty; bull traders see the glass half-full. Together, they make a “market” where stocks, bonds, mutual funds, options, commodities, and derivatives are traded. The Bull and the Bear each get it right, but seldom at the same time; that’s how markets are made.

“Securities markets are a fast-moving, glamorous, complex, multi-billion-dollar business.” The largest located in New York, London, and Tokyo and and the emerging markets located in Sao Paulo, Karachi, and Jakarta, and they all have a history.

In the 13th century, a small group of investors issued 96 shares of the Bazacle Milling Company in Toulouse, France. Trading paper for grain did not catch French imagination (or anyone’s) until the 18th century and the beginning of the Industrial Revolution.

* The 1700’s brought innovation and advancement: 1712 - Thomas Newcomen patents the atmospheric steam engine. * 1756 - John Smeaton invents hydraulic cement. * 1769 - Nicolas Cugnot invents the motorised carriage. * 1775 - Alexander Cummings invents the flush toilet (thank God). * 1778 - Oliver Pollock, a New Orleans businessman, creates the $ symbol * 1798 - Income tax introduced by British parliament (but of course)

New York Stock Exchange investors started “ringing the trading bell” in 1790. A 12 foot high wooden stockade separated that “trading floor” from the British and the Indians. On May 12th, two years later, 24 traders and merchants met under a Buttonwood tree at 68 Wall Street to sign the “Buttonwood Agreement” that empowered them to trade securities for commission. Their agreement is the first of many for the NYSE.

Essentially, stock market entrepreneurs sold paper in place of commodities. Trading cows, land, or lumber became too cumbersome. Further, selling a companies “paper” raises capital for the company, and gives ownership to the investor. Farmers harvest the grain, “listed ” companies process and investors hope they do it right so they can shop for groceries.

The French voiced what every investor sometimes feels: if you cannot hold it in your hand, ownership is risky, while local farmers did not like big city highfalutin ideas. Holding a tangible object may be at the root of all risk concerns. Don’t make a promise, take me to the store so I can have “it”.

On Friday afternoons, I would visit my 82 year-old grandfather. Grampa would sit in his sun porch while I asked him questions about his youth. He owned a lumberyard and believed in tangible goods. I was working for Merrill Lynch at the time, and we always talked about the stock market. One day he said, “The stock market is filled with thieves and hoodlums. It is not as safe and predictable as real estate.”

On his first point, I could not agree; on Grampa’s second point, I would agree that many folks have more value in their real estate (home) than their stock market portfolio. However, real estate prices are contracting, and the stock market is up today. Further proof you should own a little of both because it’s all about asset allocation.



Kim

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Posted in Finance | No Comments »