Archive for the ‘Investing’ Category

« Older Entries

Wall Street Rallied Once Again

Monday, January 26th, 2009
Mike Wright asked:


Wall Street resumed its rally this week after new data showed the overall economy is holding up, but isn’t so strong as to prevent the Federal Reserve from cutting interest rates says Betonmarket’s Michael Wright. The Dow Jones industrial average saw an increase of nearly 200 points on Wednesday.

Stocks turned around following two sessions of losses, after a report showed hiring in the U.S. private sector expanded at a faster pace in November. ADP Employer Services said 189,000 jobs were added during the month, an increase that bodes well for consumer spending.

Investors were also encouraged on Wednesday, after the department reported worker productivity advanced by an annual rate of 6.3 percent in the summer, the fastest pace in four years, while wage pressures eased.

Still, there is enough uncertainty in the economy to bolster the argument for lower rates. The financial sector is still struggling from months of credit problems, and the Institute for Supply Management reported on Wednesday, that service sector growth slowed in November.

Some investors are betting the Fed will go beyond the generally anticipated quarter percentage point cut, and lower rates by a half point. A mere quarter-point cut could bring some disappointment to Wall Street, but as long as the Fed reiterates an openness to lowering rates further in its accompanying economic assessment, the market could still move higher. The MPC led the way last week with a quarter point cut.

The market is currently pricing in a rate cut next week. Supporting the case for a cut is the fact that central banks globally seem to be open to the idea, a trend that would give the Fed even more room to move.

Investors also weighed a Commerce Department report that showed factory orders unexpectedly rose in October. However, that data was likely to be offset by the report from the Institute for Supply Management, showing growth in the service sector cooled somewhat in November.

All of this is positive news for both the SP500 and the US dollar, however it seems like the best value on trading is found in the longer term SP500 ‘no touch’ options. These options compensate traders for correctly guessing a level, which isn’t touched by the market during the duration of the trade.

After checking Betonmarkets.com the best value comes with a ‘no touch’ on the SP500 for 25 days using a no touch level 130 points below the current price.

This option pays 6% ROI. This means the S&P 500 can go up, stay where it is, or drop slightly and you still win.

- THE END -



Gertrude

Tags: , ,
Posted in Investing | No Comments »

Why it is Important to be Informed Immediately on Stock Market News

Monday, January 5th, 2009
John Parks asked:


Personally, I think it is crucial to anybody’s stock market success that they are informed of any changes in the stock market, no matter how big or small those changes may be. While it isn’t necessary to keep track of the changes in every single stock out there, it is extremely important to closely monitor the stocks which you have invested in, or the ones that you are considering investing in. There are many reasons for this, some of which are more obvious than others.

First of all, when buying stocks everybody has one ultimate goal on their mind. That goal is to try and buy the stock at the lowest possible price, with the hopes that the price will increase in the near future and we will make money in the long run. Likewise, when anybody is selling their stock market shares, they all share one goal too. That is trying to sell the stock at the highest possible price, as they are convinced that the price may drop in the near future; holding out too long means that they will be forced to take the loss. And nobody who is in the stock market industry wants to take a loss.

If you are given news about your stock interests immediately, as it happens, your chances of making the right decision regarding your stock is increased. You may be in talks with a potential investor who has a five or maybe even ten minute delay in receiving his stock news. If you can get information on the rise or fall of stock prices before him, you really have an advantage and you can maximize your profit potentials. On the other hand, however, if you are the one who is late receiving news, you better be wary of making that big investment. Just like with things out in the real world, if an offer seems too good to be true, most often times it is just that.

That is why I believe it is crucial to get updated stock information in real time, straight from the stock market ticker on Wall Street itself. Stock brokers and other stock market specialists and analysts usually have other interests on their mind, and as a result, many of them are reluctant to provide you with stock information in real time and as it happens. The most successful investors forego a broker altogether, and insist on doing all of the market research and monitoring on their own, or with a team of financial experts that they have personally put together to meet their own needs. By going about it this way, you can be sure that you are getting quality stock market information with your investments in mind, and you will know that you are getting that information as soon as it breaks on Wall Street. This is really the only way to get a leg up on the competitive stock market world; but of course even this does not guarantee that you are going to make a return on the investment that you’ve made into the stock market.

For more information on investing, visit http://www.brokermicroblog.com/



Jackie

Tags: , ,
Posted in Investing | No Comments »

Investment Banking and the Future of Wall Street

Saturday, December 13th, 2008
Jose Roncal asked:


The current economic meltdown has changed the face of Wall Street, possibly forever. For decades the energy in the market had been fueled by high-rolling investment bankers, but look what’s happened in the last eight months. Lehman Brothers went bankrupt. Bear Stearns was snapped up by JPMorgan Chase, Merrill Lynch got bought out by Bank of America, and Goldman Sachs and Morgan Stanley had to convert to bank holding companies just to stay in business.  Five major investment banks . . .and then there were none. 

At the beginning of this year, those five firms had a combined market value of around $250 billion with the top firm, Goldman Sachs, valued at nearly $90 billion. Now the top banks, which are comparatively small boutique firms—Raymond James, Jefferies & Co, Greenhill & Co, Keefe Bruyette & Woods and Piper Jaffray—have a combined market value of $12 billion, a number that has shrunk by a factor of 20.

Essentially, the global economic crisis has ushered in the era of universal banking where massive financial firms offer every conceivable kind of investment product and service. Even smaller brokerage firms face being herded under the umbrellas of big banks, or else risk becoming irrelevant.

Historic Realignment of the Industry

When Goldman Sachs and Morgan Stanley opted to become bank holding companies it marked an historic realignment of the financial services industry and the end of a securities firm model that had prevailed on Wall Street since the Great Depression.  But why did they make the change? Partly because it’s given both firms access to the Federal Reserve’s discount window — the same line of credit that is open to other depository institutions at a lower interest rate.

As bank holding companies, they can also tap into deposits from retail customers. The two firms had already received a temporary financial lifeline from the Fed—the Primary Dealer Credit Facility—the special reserves established to bail out Wall Street broker-dealers like the Bear Stearns deal in March 2008.

Even though Goldman Sachs and Morgan Stanley are now classified as bank holding companies and are part of the universal banking model, they’ll still be able to engage in investment banking activities. But after years of loose oversight by the Securities and Exchange Commission, they’re now faced with tighter regulations imposed by the Federal Reserve and they are subjected to Federal Deposit Insurance Corporation oversight.[1]

The Golden Years of Investment Banking

A quick historical review of investment banks will serve as a backdrop to the events that led to their downfall.

Independent investment banks have been around for a long time, but originally they were small private partnerships that earned most of their money from offering corporate finance and investment advice, as well as some broking and other services.  If you had walked into one of their offices and looked around, you might have mistaken it for a large law firm.

The success of their business model depended on the trust built through long-term relationships. There wasn’t much money at risk in the early days because the firms operated primarily with the partners’ own money.  That meant there weren’t vast sums available to gamble on risky ventures with excessive leverage. But the lack of working capital and a desire to orchestrate splashier deals, motivated the firms to go public in the late 90s.

The Downfall Begins

With more capital in the coffers and a growing access to low cost, short-term debt, managers started to make larger, riskier capital bets—most recently those troubling and toxic mortgage-backed securities.

The regulations that had once separated investment banks from traditional banks were no longer in place. That opened the way for big global banks like Citigroup and JP Morgan to start competing with Wall Street for what had traditionally been the domain of the investment banking business. This forced Wall Street firms to expand their services, to use more leverage and to take even bigger risks.

When those risks led to profits, the dealmakers were rewarded with outlandish bonuses and the wheels were set in motion for bigger risk-taking. Throw patchy government regulation into the mix and you have, as the saying goes, a recipe for disaster.

Before long, major Wall Street firms were leveraged three or four times more than conventional banks, yet they still operated under far less stringent regulations than the banks.

It wasn’t until the financial crisis reared its ugly head in mid-2008 that the U.S. Fed stepped in and for the first time, allowed investment banks access to their discounted funds. Then when the credit crisis hit, highly leveraged Wall Street firms like Bear Stearns and Goldman Sachs found themselves in even deeper trouble. They’d already suffered huge losses with their hedge funds and high-risk ventures, but their excessive leverage compounded their problems as the credit crisis stripped them of the ability to raise the additional capital they needed to survive.

The Outlook for Wall Street

What’s the outlook for those working on Wall Street now? No doubt there will be less excitement and no more of the huge bonuses that dealmakers had grown accustomed to. But there are bigger concerns about whether the U.S. will lose its competitive edge and the ability to maintain its power status in the global financial system.

Some of the best and brightest might pull up stakes and head for better opportunities in the burgeoning Asian Markets, or they could flip over to the unregulated Hedge Fund market—at least for as long as those funds manage to survive. Thousands of Hedge Funds are going out of business, bringing serious grief to investors like the huge public pension funds, foundations and endowments that have poured billions of dollars into these private partnerships.

If there is any good news in this economic fiasco, it’s this: Main Street stands to eventually benefit from a better regulated Wall Street.  With a more transparent financial system, a firmer foundation and a stronger business model, there might be a promising outlook for more stable and consistent growth.



Harvey

Tags: , ,
Posted in Investing | No Comments »

Managing the Good (and the Bad) News: an Interview With Bayfield’s Head of Corporate Communications

Monday, September 29th, 2008
John Marino asked:


Managing the Good (and the Bad) News: An Interview with Bayfield’s Head of Corporate Communications

By John Marino

Being a public company is not easy. Public companies, or “pubcos”, as they are sometimes referred to, have the same concerns as private companies, plus a few more complicated issues that require daily attention. One of these daily tasks is that of Investor Relations or IR. Investor Relations is the art of relaying company developments both positive and negative, to existing shareholders and potential investors. It also means dealing with any investor concerns.

To delve further into the art of Investor Relations I contacted Don Myers, a Director and the Corporate Communications Manager at Bayfield Ventures (TSX-BYV), “Bayfield”, to explain to me the role of an Investor Relations team.

I caught Don on the phone at the end of the trading day, just after 1:00pm Pacific time. Don was enthusiastic even though it was late in his workday. Typically, an Investor Relations officer on the west coast will start their workday anytime between 6:00 and 6:30am, and work until perhaps mid-evening if required “to get the story out”, or “deal with investor concerns”.

Don explained, “Bayfield uses an in-house Investor Relations” approach rather than utilizing “outside Investor Relations Firms.” There are two reasons for this. One reason is cost, and the other is the fact this in-house approach ensures investors receive only Bayfield information, rather that being bombarded with news about several companies at the same time.

Don outlined, “Our department consists of four people, including myself…. We are proactive by making calls to investors or emailing information to a database of 27,000 individuals. That includes shareholders, potential investors, stockbrokers, and mining analysts. We take investor calls and we answer investor email requests. We update Bayfield’s website when there’s news, or mining analyst reports like the recent coverage of the Rainy River gold camp by Wellington West and Canaccord.”

Bayfield also participates in two programs to generate leads. “Leads” are potential investors interested in further information on a company or interested in being kept informed on company developments. For an investor relations officer, a lead is a potential investor.

“One program we utilize is a combined program with 30 to 40 other junior companies, which helps offset the costs of reaching a huge audience”, Don stated. ”The program targets several publications like The Globe and Mail, Northern Miner, and Investors Digest. This generates between 400 to 600 leads every 2 to 4 months. The other program utilizes 91 publications worldwide like, The Globe Investor, Wall Street Journal and Barron’s, that allows free Annual Report access to interested investors, and this generates 250 to 500 leads a month.”

Typically, each lead is sent either a PowerPoint presentation via email or a fact sheet. After this, the lead is called, to follow up on any questions the potential investor may have about Bayfield’s ongoing operations. Many investors will call back once receiving the information and usually will want to speak with someone in Investor Relations.

“We’re always accessible,” Don stresses, “as a matter of fact, all Directors and Officers at Bayfield are accessible at any time if any Investor wishes to speak to any specific person, including, Don Huston, our President.”

Not knowing anything about Bayfield, I asked Don to give me a brief synopsis as he would any investor. Don told me, “Bayfield is a small-cap junior resource company with only 17.3 million shares outstanding and significant assets in three areas.”

The emerging gold camp of Rainy River, Ontario, Don told me is one of the most exciting deals he’s been involved with. Bayfield has three significant land positions, or “bookend claim blocks”, which border Rainy River Resources (TSX-RR) new discovery zones.

One claim block adjoining Rainy River is “within 800 metres of the Rainy River discovery zones and actually appears to have the same geological formation and geological structures as those that extend to our ground”.

Don tells the story clearly; you can tell that not only does he know the story well, but that he’s also enthusiastic about its prospects.

“We’ll be diamond drilling in July,” he said. “Till drilling this past May outlined zones with values over 37,000 ppb Gold, which is over 1 ounce per tonne gold. It’s important to understand that geologically speaking the “till” sits on top of the bedrock so the “till” should have gold values present if it sits above gold in rock.” In other words, there’s gold in them thar hills.

Don explained that till drilling was utilized by Rainy River to outline anomalous gold values which were later diamond drilled and led to the discoveries last fall that caused Rainy River’s stock to soar. “Rainy River was successful using this method of exploration so we’ve utilized this same methodology,” he said.

Bayfield’s other projects include a joint venture with Goldcorp near Red Lake, Ontario, and a joint venture with BHP-Billiton in Mongolia.

“Goldcorp and BHP are two of the world’s largest mining companies,” Don explained. “We are a unique small-cap junior in that we have these two hugely successful majors as joint venture partners.” True, I thought. Few junior companies can boast having even one major mining company as a joint venture partner.

But there can’t always be good news, I said to Don. What happens when something doesn’t go Bayfield’s way – how do you break the news to investors? Don did not hesitate in answering: “Honesty is the best policy”.

“You have to hit it head on. You try to balance the bad news with all the good news happening to allow shareholders to make informed decisions.” Don stressed that good Investor Relations is all about “honesty” being “the best policy,” because investors will always remember the story the IR team pitches. If investors see as story as being inaccurate or exaggerated, you make lose the investor.

Don used Bayfield’s BHP joint venture in Mongolia as an example. “BHP-Billiton had a crew make a new coal discovery on our joint venture ground – coal seams were discovered. The property is near the large Tavan Tolgoi coal deposit, which contains over 5 billion metric tons of coking and hard coal. When BHP announced the coal discovery, some locals suddenly tried to put in claims on our ground.”

This became a bad news situation for Don’s IR team, which had to be conveyed to shareholders. Once the land claims started coming in, the Mongolian government had to consider tendering them. Putting a concession to tender usually means the concession will go to the highest bidder. In this case, however, BHP-Billiton and Bayfield had to convince the Mongolian government to allow them the coal concession, since it was their team that made the coal discovery in the first place.

“BHP-Billiton recently notified us that they will be conducting a 10,000 metre drilling program on this ground sometime this summer or early fall. So, we’re ready to go back into action, and I’m proud to point out that our investors have been kept apprised of the situation the whole way through.”

As Don pointed out, an effective Investor Relations team is accessible to address investor concerns or queries, is proactive in ensuring maximum exposure of news and developments, and communicates both positive and negative news honestly and with integrity.



Sarah

Tags: , ,
Posted in Investing | No Comments »

How to Invest When You Don’t Trust Wall Street

Saturday, August 2nd, 2008
C. Hand asked:


Hoboken, NJ (October 2008)—If Wall Street’s recent implosion has you looking for a tin can and the perfect burying spot in your backyard for your money, who can blame you? Recent weeks have held enough economic bad news for several decades. A historic investment bank declared bankruptcy. The U.S. government stepped in to bail out the world’s largest insurance company. And now Uncle Sam is scrambling to figure out what exactly a $700 billion bailout of the financial sector should look like. In the aftermath, many people are left wondering Just how safe is my money, anyway?

The answer? Not very, says Alex Green.

“Our economy is tanking largely because of the poor decisions of Wall Street’s big financial institutions and investors,” says Green, investment director for The Oxford Club and author of the new book The Gone Fishin’ Portfolio: Get Wise, Get Wealthy…and Get on with Your Life (Wiley, September 2008, ISBN: 978-0-470-11267-0, $27.95). “Knowing this, you might be wondering who you should trust to make critical financial decisions for you. Well, look in the mirror for your answer.”

In his new book, Green debunks the idea that financial experts should manage your money because they are somehow better equipped to predict what’s going to happen in the market. This is a myth, he insists. And that’s why his Gone Fishin’ Portfolio flips tradition on its head and helps you go DIY with your investing.

“No one has more skin in the game than you, so why wouldn’t you be at the helm?” asks Green. “You don’t need to predict the future to make money through investing. In fact, it’s better if you just work with the uncertainties of the market. The Gone Fishin’ Portfolio gives you the tools you need to make the most of your money and leaves you plenty of time for the more important things in life.”

Here are just a few reasons why The Gone Fishin’ Portfolio is right for you:

It requires no economic forecasting or market timing. Financial advisors pretend—and sometimes convince themselves—that they can predict what the market and economy will do because it’s believed that this is the special talent that separates them from the unlearned masses. People want to feel that someone smarter and more insightful than them is managing their money, and that’s why many of them are willing to pay considerable amounts for investment solutions. The reality is that no one can tell you with any certainty what the economy or the stock market will do next.

“Anyone can make a good market call,” says Green. “But no one—and no system—can accurately and consistently forecast the future. Investment success begins with a strong dose of humility—not just about your own knowledge but, just as importantly, about the knowledge of the so-called experts. Rather than pretend to have answers you don’t have, acknowledge your uncertainty. Deal with it. Capitalize on it. The Gone Fishin’ Portfolio does just that. It allows you to profit regardless of market conditions.”

It allows you to manage your own money. Once you know that neither you nor your financial advisor can predict the future you’re ready to manage your own investments. No one cares more about your money more than you do, so why not manage it yourself? Sure, there are investment advisors out there who are competent and ethical, says Green. It’s just that most investors don’t need to pay for the services of a good one.

“In this industry there is a lot of jargon and investment complexities that are off-putting to the average investor,” he explains. “But you no more need to master all this arcane knowledge to manage your money effectively than you need to understand how a combustion engine works to drive you from here to the post office. Successful investing does not have to be terribly complicated. Simplicity and effectiveness lie at the heart of the Gone Fishin’ Portfolio. You won’t need an investment advisor to put it together—or run it.”

It eliminates individual security risk. “The Gone Fishin’ strategy skips buying and selling individual stocks,” says Green. “That means if a company goes under—think Enron and Worldcom, or, for that matter, Lehman Brothers—your retirement savings won’t go down with it. The portfolio’s focus is meeting long-term investment goals, not pursuing short-term gains through trading. It’s also about spending as little time as possible on your investments, and being in the business of buying and selling individual stocks requires a lot of time, attention, and legwork on your part.”

It has delivered consistent market-beating returns in good times and bad. Green created the Gone Fishin’ Portfolio back in 2003. In the five years since it has compounded at 17.3 percent, considerably better than the S&P 500 over the same period. And it allows you to take on less risk than you would being fully invested in stocks. But what anyone interested in the Gone Fishin’ Portfolio will want to know—especially in today’s economy—is how it performs in a down market. The answer: it works. If you had owned it in the bear market of 2000 to 2002, for example, you would have seen it make temporary declines. It was down 6.1 percent in 2000, 2.7 percent in 2001, and 5.4 percent in 2002. But compare those numbers to the S&P 500, which fell harder: down 10.1 percent in 2000, down 13 percent in 2001, and down 23.4 percent in 2002, and you see that it is the better investment strategy.

“The Gone Fishin’ Portfolio is conservative in its investment approach yet as you can see it has beaten the market every year since its inception,” says Green. “And when we back-tested through the biggest bear market since The Great Depression, it still beat the market. Not just over time, but every year. It’s an investment strategy that you can be fully confident will always perform for you.”

It is based on a Nobel Prize-winning investment system. Harry Markowitz won the Nobel Prize for showing how a portfolio constructed of uncorrelated assets can allow you to master uncertainty and generate excellent investments—a strategy adopted by the Gone Fishin’ Portfolio. His ground-breaking paper, “Portfolio Selection” published in The Journal of Finance, laid the groundwork for much of today’s asset allocation strategies, including the Gone Fishin’ Portfolio.

“It’s these principles that make the goals of the Gone Fishin’ Portfolio—higher returns with less risk—possible,” says Green. “Conventional wisdom says it isn’t possible. The Nobel Prize committee and decades of experience say it is. The work done by Markowitz and other economic pioneers provide the underpinnings of the Gone Fishin’ strategy.”

It keeps more money with you. When you put the Gone Fishin’ Portfolio to work, you will be light years ahead of the typical investor who is either wondering what the heck to do, learning the hard way, or turning things over to an expensive investment professional. The Gone Fishin’ Portfolio is designed to let you keep your money where it belongs—with you. By managing your own portfolio, you can avoid paying an investment professional costly brokerage commissions and other fees. Also, the unique make up of the portfolio will help you keep your money in other ways. It consists entirely of low-cost Vanguard mutual funds that charge no sales loads or 12b-1 fees—costs that often come up when investing in other mutual funds. The Vanguard Group is among the nation’s largest mutual fund groups with more than $1.1 trillion in assets under management. Its large asset base allows the company to enjoy economies of scale that allow it to maintain its position as the lowest-cost fund family in the industry. So you avoid paying a lot in fees.

“In the book, I talk about the role saving will play in building the best financial future for you,” says Green. “By avoiding having to pay out these extra fees to brokers and/or mutual funds you are able to save and invest that much more of your income each year.”

It prevents shortfall risk. The whole point of financial planning is to make sure your investment portfolio doesn’t kick the bucket before you do. If you’re in good health, you may live a lot longer than you’re counting on financially. For example, consider that many baby boomers retiring at 65 will spend up to three decades in retirement. The reality is that Social Security and private pension plans just won’t be able to sustain you comfortably, if at all, for that amount of time. Add the increasing cost of living to the puzzle and the retirement situation for many Americans can become even more tenuous.

“The simple fact is that you are going to need funds other than those provided by Social Security or a private pension plan to ensure your money lasts as long as you do,” says Green. “The Gone Fishin’ Portfolio covers your shortfall risk. In other words, it is a growth portfolio designed to keep you from outliving your money. It should give satisfactory returns for 25-year-olds just beginning to invest, as well as 65-year-olds whose retirement may realistically last three decades, before they go to that big retirement home in the sky.”

It spells out a profitable asset allocation for you. Investors are often surprised to learn that their most important investment decision is selecting the mix of assets to be held in the portfolio, not selecting the individual investments themselves. The Oxford Club asset allocation model Green created recommends that you have 30 percent of your portfolio invested in U.S. stocks, 30 percent invested in foreign stocks, 5 percent in REITs, and 5 percent in gold shares. The remaining 30 percent is divided between high-grade bonds, high-yield bonds, and inflation-adjusted Treasuries. The Portfolio achieves this allocation through investments in Vanguard mutual funds.

“You’ll find that stocks give the greatest return over the long haul,” says Green. “The trade-off is high volatility. Blending different types of stocks with other assets can generate excellent returns with less risk than being fully invested in stocks.”

It only takes 20 minutes a year but use that time wisely. Once you’ve set up your Gone Fishin’ Portfolio you are free to spend the majority of your time doing something other than worrying about your retirement savings. But remember the 20 minutes you do spend managing your portfolio are crucial. You’ll spend that time rebalancing your asset allocation. Over time your asset allocation percentages will change significantly, depending on the performance of the financial markets. Rebalancing brings your asset allocation back to your original target percentages, so it’s those 20 minutes each year that will help you control risk and will likely deliver a significant performance boost over the years.

“A few pieces of advice: first, let an interval of at least a year and a day pass between each time you rebalance,” says Green. “This will help you avoid paying short-term capital gains taxes and the 1 percent redemption fee on investments held less than a year. Second, unless your investments are held entirely in a qualified retirement plan, where a fund redemption is not a taxable event, it’s preferable to rebalance by adding money to those funds that have fallen below your original target percentages. That may sound simple, but I can tell you from working with hundreds of investors that most have a strong compulsion to add to those assets that are performing best, not those that are performing worst. But for long-term results you need to forget what the hot asset class is doing. You want to buy what’s cheapest for the long-term advantage it confers.”

“The great thing about this investment strategy is that it takes the stress out of building your savings,” notes Green. “You no longer have to worry about any looming market catastrophes, and you don’t have to try to predict when these catastrophes will happen or rely on someone else’s ability to do so. Once you’ve set up the Gone Fishin’ Portfolio it will start making money for you and leave you time to do those things that you really want to do in life. It’s simple and effective—exactly what you would want an investment strategy to be.”

 

# # #

For more information, please visit www.investmentu.com.

About the Book:

The Gone Fishin’ Portfolio: Get Wise, Get Wealthy…and Get on with Your Life (Wiley, September 2008, ISBN: 978-0-470-11267-0, $27.95) is available at bookstores nationwide, major online booksellers, or direct from the publisher by calling 800-225-5945. In Canada, call 800-567-4797.



Danielle

Tags: , ,
Posted in Investing | No Comments »

Wall Street

Thursday, July 24th, 2008
MTnews asked:


Daily Market Commentary for September 15, 2008 from Millennium-Traders.Com

Investors and anyone participating in the financial markets witnessed a bloody massacre on Wall Street today as the fall from grace by Lehman Brothers initiated a massive selloff that got the markets off on the wrong foot, to begin a new week. (read more)

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

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 session on the world market as well as the emerging markets including the stock market closing bell price:

DOW (Dow Jones Industrial Average) triple digit loss of 504.48 points on the day to end the trading session at 10,917.51

NYSE (New York Stock Exchange) triple digit loss of 408.12 points to end the trading session at 7,683.72

NASDAQ loss of 81.36 points to end the trading session at 2,179.91

S&P 500 loss of 58.17 points to end the trading session at 1,193.53

FTSE All-World excluding U.S. loss of 6.23 points to end the trading session at 203.13

FTSE RAFI 1000 triple digit loss of 230.28 points to end the trading session at 4,751.81

BEL 20 (BEL20) triple digit loss of 107.59 points to end the trading session at 2,973.01

CAC 40 (CAC40) triple digit loss of 163.69 points to end the trading session at 4,168.97

FTSE100 (UKX100) triple digit loss of 212.5 points to end the trading session at 5,204.20

NIKKEI 225 (NIK/O) triple digit loss  of 448.09 points to end the trading session at 12,281.49

New York Stock Exchange (NYSE) stock market indicators for the day:

Advanced stock prices 183; declined stock prices 3,094; unchanged stock prices 28; stock prices hitting new highs 19 and stock prices hitting new lows 676.

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: Morgan Stanley (NYSE: MS) stock price shed 5.79 points on the trading session, high on the trading session $35.00, low on the trading session $30.73 with a closing stock price at $32.19; Merck& Company Incorporated (NYSE: MRK) stock price shed 1.12 points on the trading session, high on the trading session $33.85, low on the trading session $32.71 with a closing stock price at $32.72; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 18.71 points on the trading session, high on the trading session $151.40, low on the trading session $130.43 with a closing stock price at $135.50; American International Group Incorporated (NYSE: AIG) stock price shed 7.38 points on the trading session, high on the trading session $7.98, low on the trading session $3.50 with a closing stock price at $4.76; Ultrashort Financial Corporation (NYSE: SKF) stock price gained 18.49 points on the trading session, high on the trading session $132.66, low on the trading session $116.87 with a closing stock price at $131.62; Walter Industries Incorporated (NYSE: WLT) stock price shed 12.72 points on the trading session, high on the trading session $67.29, low on the trading session $58.50 with a closing stock price at $59.79; Alpha Natural Resources Incorporated (NYSE: ANR) stock price shed 15.00 points on the trading session, high on the trading session $66.49, low on the trading session $54.55 with a closing stock price at $55.34; Hewlett-Packard Company (NYSE: HPQ) stock price shed 1.64 points on the trading session, high on the trading session $46.58, low on the trading session $45.33 with a closing stock price at $45.33; Oil Service Holders Incorporated (NYSE: OIH) stock price shed 11.94 points on the trading session, high on the trading session $159.81, low on the trading session $151.25 with a closing stock price at $152.27; AK Steel Holding Corporation (NYSE: AKS) stock price shed 7.45 points on the trading session, high on the trading session $36.74, low on the trading session $30.98 with a closing stock price at $31.82; Mosaic Company (NYSE: MOS) stock price shed 7.67 points on the trading session, high on the trading session $90.92, low on the trading session $83.12 with a closing stock price at $84.20; Hercules Incorporated (NYSE: HPC) stock price shed 3.20 points on the trading session, high on the trading session $21.50, low on the trading session $17.31 with a closing stock price at $18.40; Potash Corporation of Saskatchewan Incorporated (NYSE: POT) stock price shed 7.37 points on the trading session, high on the trading session $163.69, low on the trading session $152.68 with a closing stock price at $154.10; Intercontinental Exchange Incorporated (NYSE: ICE) stock price shed 13.25 points on the trading session, high on the trading session $87.77, low on the trading session $77.39 with a closing stock price at $77.65.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:

Advanced stock prices 412; declined stock prices 2,528; unchanged stock prices 90; stock prices hitting new highs 14; stock prices hitting new lows 330.

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 8.81 points on the trading session, high on the trading session $283.87, low on the trading session $268.07 with a closing stock price at $273.20; Google Incorporated (NasdaqGS: GOOG) stock price shed 5.16 points on the trading session, high on the trading session $441.97, low on the trading session $423.71 with a closing stock price at $432.50.

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

Advanced stock prices 225; declined stock prices 1,001; unchanged stock prices 66; stock prices hitting new highs 17; stock prices hitting new lows 250.

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

E-mini S&P 500 (ES) end of day price 1,196.50 change -60.75

E-mini NASDAQ-100 (NQ) end of day price 1,715.25, change -58.25

E-mini S&P SmallCap 600 (SMP) end of day price 368.20, change -13.60

$5 DJIA (YM) end of day price 11,458 change 0

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

Euro 0.6992 to U.S. Dollars 1.4302

Japanese Yen 104.720 to U.S. Dollars 0.0095

British Pound 0.5550 to U.S. Dollars 1.8014

Canadian Dollar 1.0671 to U.S. Dollars 0.9371

Swiss Franc 1.1092 to U.S. Dollars 0.9016

Commodity Markets:

Energy Sector: Light Crude (NYMEX: NYM) shed $5.47 on the day for a closing price of $95.71 a barrel ($US per barrel)

Heating Oil (NYMEX: NYM) shed $0.15 on the day for a closing price of $2.79 a gallon ($US per gallon)

Natural Gas (NYMEX: NYM) gained $0.21 on the day for a closing price of $7.58 per million BTU ($US per mmbtu.)

Unleaded Gas (NYMEX: NYM) shed $0.21 on the day for a closing price of $2.56 a gallon ($US per gallon)

Metals Markets:

Gold Market Price (COMEX: CMX) gained $22.50 on the day for a closing price of $787.00 ($US per Troy ounce)

Silver (COMEX: CMX) gained $0.34 on the day for a closing price of $11.14 ($US per Troy ounce)

Platinum (NYMEX: NYM) shed $34.30 on the day for a closing price of $1,176.20 ($US per Troy ounce)

Copper (COMEX: CMX) shed $0.06 on the day for a closing price of $3.14 ($US per pound)

Livestock and Meat Markets (cents per lb.):

Lean Hogs (Chicago Mercantile Exchange: CME) gained 1.25 on the day for a closing price of 67.35

Pork Bellies (Chicago Mercantile Exchange: CME) gained 1.85 on the day for a closing price of 88.15

Live Cattle (Chicago Mercantile Exchange: CME) gained 1.55 on the day for a closing price of 105.33

Feeder Cattle (Chicago Mercantile Exchange: CME) shed 0.10 on the day for a closing price of 108.83

Other Commodities (cents per bushel):

Corn (Chicago Board of Trade: CBT) shed 1.25 on the day for a closing price of 562.00

Soybeans (Chicago Board of Trade: CBT) shed 23.00 on the day for a closing price of 1,182.00

Bond Market:

2 year bond gained 29/32 on the day for a closing price of 101 6/32 with a Yield of 1.72, Yield Change -0.46

5 year bond gained 1 2232 on the day for a closing price of 102 15/32 with a Yield of 2.58, Yield Change -0.35

10 year bond gained 2 10/32 on the day for a closing price of 104 19/32 with a Yield of 3.44, Yield Change -0.28

30 year bond gained 3 31/32 on the day for a closing price of 106 31/32 with a Yield of 4.09, Yield Change -0.22

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading services. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading

Millennium-Traders.Com

http://www.millennium-traders.com



Gerald

Tags: , ,
Posted in Investing | No Comments »

World News Hammer Markets, Confidence

Friday, July 18th, 2008
Australasian Investment Review asked:


Cars, planes, retailing, engineering, food and building groups around the world cut earnings forecasts, production or jobs on Friday in one of the gloomiest days of the year so far for earnings and stockmarket confidence.

And there will be more of the same this week (See below).

The announcements from Australia to Brazil, Japan, North America and Europe, are definite signs of the rapidly approaching recession that is going to crunch non-bank earnings 40% or more from current levels, according to equity strategists at Citigroup in London.

The Australian dollar was hammered on Friday, shedding more than 12% in value against the yen and 8% against the US dollar in the biggest single one day fall since floating back in 1983.

It was for no apparent reason.

Citigroup’s team said in a note to global clients last week that ‘History suggests the severity of the coming economic downturn should be greater than normal.

“Recessions following previous periods of financial stress have lasted twice as long as normal. The lost economic output is also greater.

“Earnings Downturn - More severe economic weakness will likely drive a deeper and longer global corporate earnings downturn.

“We believe we are in the early stages of an earnings recession that could last for at least 2 years, with ROEs declining to 8% and EPS falling by 40-50%.

“Global equity valuations suggest investors have already discounted almost all of the expected decline in earnings. Current valuations are back down to 1970s averages.”

“Economic growth is slowing in emerging economies as well. In Asia Pacific our economists believe region-wide GDP growth in 2009 will be the slowest in eight years.

“However, given the current financial crisis is not emanating from their backyard this time, growth should be comfortably above the depths achieved during the Asian crisis.

“The outlook is darker for other emerging economies more dependent on capital inflows.”

Currencies lost ground against the US dollar and/or the yen: the Aussie dollar fell 8% and 12% or more against both currencies respectively on Friday. Copper, oil and most other commodities fell. Only nickel rose on the back of production cuts by the giant Vale group of Brazil, the world’s second biggest producer.

There was evidence hedge funds accounted for some of the turmoil on Friday. They are being forced to sell their stocks, bonds and other instruments to pay off their investors and lenders. Beyond that, investors are increasingly convinced that the global economy is headed for a long, painful recession.

The Citadel hedge fund group reassured investors at the weekend that it had enough liquidity and that Fed inspectors were not talking to it.

But nerves are taut in the hedge fund industry as investors recall their funds, billions of dollars in investments are sold off and the stability of more and more groups is being questioned (around $US200 billion has been wiped off the value of funds in the past few months and a couple of hundred funds of varying types have gone bust, been wound up or cut back business to where they are no longer significant players).

The flight to safety is hurting once-mighty currencies like Britain’s pound. On Friday, worries about how the financial crisis would affect Britain’s economy caused the pound to lose 8c against the dollar, falling to $1.53.

On Wall Street, the Dow Jones Industrial Average slumped 312.30 points, or 3.6% to 8,378.95, in a volatile session that saw the blue-chip index down as much as 500% at one stage.

The Australian share market wiped $30 billion from its value to end the week at its lowest level in almost four years as the All Ordinaries dropped 107.7 points, or 2.73%.

That was a loss of 3% over the week, which was relative outperformance compared to the sharp falls on Wall Street, in Tokyo and in London. The Australian dollar fell heavily on Friday to close down almost 6% over the week at 62.20 USc.

The South African rand plunged 11%.

Even the 1.5 million barrel a day production cut by OPEC failed to stop oil prices falling in the face of swelling fears of a deep global recession.

In New York the Standard & Poor’s 500 index fell 3.5% and Nasdaq slid 3.2%. Both trimmed steeper falls in morning trading. But there was a sharp fall away in the market right at the end as fund selling again hit prices.

For the week, the Dow lost 5.3%, the S&P 500 lost 6.8% and the Nasdaq fell 9.3%.

So far this month, the Dow is off 22.8%, the S&P 500 is off 24.7% and Nasdaq is down 25.8%, on track for the worst month since the October 1987 crash.

In the S&P’s case, this October could end up being the worst month ever in the post-World War II era.

The trio is down more than 40% since the Dow and S&P 500 hit all-time highs a year ago and the Nasdaq hit a bull-market high.

The Australian SPI 200 futures were 37 points lower at 3840, pointing to a lower start today.

In the US the bad news about banks continued: Authorities in the state of Georgia have shut down a failed suburban Atlanta bank. The Georgia Department of Banking and Finance closed the two branches of Alpha Bank and Trust in Alpharetta on Friday, the 16th US bank to fail this year.

Iceland’s government said it had asked for $US2 billion of support from the International Monetary Fund, the first Western country to do so since 1976; Belarus (next to Russia) joined Iceland, Pakistan, Hungary and Ukraine in requesting at least $US20 billion of emergency loans from the International Monetary Fund to help repay debt.

The IMF reached agreement with Ukraine on a $US16.5 billion loan to help support the nation’s financial system as turmoil in global credit markets and recession concerns roil the eastern European country.

The two-year stand-by loan will be conditional on parliamentary approval of legislation to support the country’s banks. Ukraine will also need to balance the budget and address the current-account deficit.

Argentina, struggling to avoid its second default in a decade, is seeking to raise funds by nationalizing $US29 billion of private pension fund assets, a move that has set off alarm bells in Spain where the country’s biggest banks have huge loans and investments in Argentina (and Brazil and Mexico where the market and currency have plunged).

The IMF said at the weekend that it had tentatively agreed to the Iceland loan and announced it had set aside hundreds of billions of dollars to rescue stricken nations. (According to articles in the Economist and the Financial Times at the weekend, it could finance up to $US250 billion or more in loans and standby credits.)

“The IMF has more than 200 billion dollars of loanable funds and can draw on additional resources through two standing borrowing arrangements with groups of IMF member countries,” the institution said on its website.

The fund is discussing plans to offer so-called hard-currency loans of three to six months at a multiple of the country’s quota of up to five times that figure.

At that suggested multiple, South Korea’s IMF quota of $US4.4 billion, means it could get as much as $US21.8 billion under the program. Mexico might qualify for $US23.5 billion, with $US22.6 billion for Brazil and $US10 billion for Poland.

Iceland Friday became the first western nation to seek aid from the IMF since the UK in 1976. The nation’s economy will shrink as much as 10%. It’s part of a multi group finance package that could total more than $US6 billion.

China, Japan and 11 other Asian nations agreed to set up a $US80 billion fund to fight the credit crunch, The Bank of Japan will be one of those central banks helping fund the Iceland bailout, according to media reports last week, along with central banks in Scandinavia.

More than 40 Asian and European leaders called for an overhaul of World War II-era banking rules.

The leaders “pledged to undertake effective and comprehensive reform of the international monetary and financial systems”, according to a statement issued after the meeting in Beijing at the weekend. Bloomberg quoted Chinese Premier, Wen Jiabao as saying that “we need even more financial regulation to ensure financial safety”.

The US Treasury had planned to announced capital injections into 20 new banks on Friday, but will allow the banks to reveal the deals. PNC got $US7 billion to help in a takeover of a large regional bank based in Ohio.

The Treasury Department was also reportedly studying how it could give relief to bond and mortgage insurance companies under the $US700 billion US financial services rescue package.

And while General Motors has intensified negotiations to buy Chrysler’s auto operations, US reports say it now has plans to seek government support for any deal.

Other news from the car industry was appalling on Friday: truck giant Volvo is sacking over a 1500 more employees after it reported that third quarter orders fell to 115, from more than 41,000 in the same quarter of 2007. It has already cut over one thousand employees.

Chrysler announced Friday that it is sacking 5,000 of its 32,000 white collar employees in the US and Europe as soon as it can as its parent, Cerberus, tries to get a cosy merger deal done with General Motors.

Daimler was reported yesterday by German media to be considering a month long production holiday at all its car factories at Christmas to try and cut stocks of unwanted cars and to avoid starting to lay off employees.

The break in production would begin on December 11 and last until January 12, according to the reports. Daimler, the first luxury car maker to present its quarterly results, unveiled big falls in profits on Thursday and issued a new profit warning for 2009 because of the global banking crisis which has hit Germany and its big US markets very hard.

“The financial crisis is turning into an economic crisis,” Daimler chairman Dieter Zetsche told a telephone news conference on Thursday and it had provoked “in recent weeks a dramatic slump on our major markets”.

Volkswagen says it will make more cars this year, but 2009 is looking gloomy, so it is cutting upwards of 750 contract employees in Germany by not renewing their contracts over the rest of the year. Volkswagen reports its latest financial results this Thursday night, our time.

French automobile giants PSA Peugeot-Citroen and Renault ordered huge production cuts, while Japan’s hi-tech giant Sony Corp and Europe’s biggest airline Air France-KLM issued profits warnings.

Renault has ordered almost all its French plants closed for at least one week and shorter shutdowns in Turkey, Russia and Slovenia. PSA Peugeot-Citroen chairman Christian Strieff said he had ordered “massive” production cuts as the group forecast a 17% drop in car sales in Western Europe in the fourth quarter (after an 8%-plus drop in September).

Air France-KLM shares fell around 9% as the airline not only said that it would be “very difficult” to meet its billion-euro earnings target, but also revealed plans to hack costs by up to 1.2 billion euros, which can only mean job losses.

Toyota confirmed it sold fewer cars in the September quarter than the year before, the first quarterly fall since 2003. Japanese car companies start reporting first half and second quarter results this week with Honda due to release its figures tomorrow night and Toyota a week Wednesday.

Toyota said global auto sales retreated 4.3% in the September quarter, from a year earlier, the first drop since 2001. The stock fell 6.4%. It’s off more than 40% this year and Tokyo as a whole is down more than 50%.

Brazil’s Vale, one of the world’s top three miners, said that Chinese demand for metals was down sharply but that it wouldn’t ship iron ore without a 12% price increase to match prices its Australian rivals were being paid.

But it is cutting nickel production in China and delaying start ups at new mines in Brazil and in New Caledonia, and reviewing other mining operations.

In Britain, official figures confirmed the country was about to enter a recession, with third quarter growth contracting by a sharp 0.50%.

The official figures on Friday supported forecasts earlier in the week of a recession from Bank of England head, Mervyn King and Prime Minister, Gordon Brown.

Japan’s Nikkei index plunged 9.60% on Friday and below 8,000 points for the first time in more than five years.

The close was 7,649.08, a level not seen since April 2003 and just 41 points from the lowest since 1982. Asia’s and Japan’s biggest construction materials group, Taiheiyo Cement Corp, said it incurred a first half loss because of falling demand in Japan. The loss was more than double earlier estimates.

Hong Kong fell 8.3%.

South Korea’s Kospi index dropped 11% on Friday to its lowest close since May 2005. The index fell 20.5% last week, the worst drop since 1987, while the won also slumped.

India’s Sensitive Index plunged 11% Friday, its biggest slump in 16 years, after the Reserve Bank said it will continue fighting inflation, reducing the likelihood of easier lending to bolster growth.

The central bank surprised a week ago with a 1% cut in its key lending rate, but appeared to cast doubt on that on Friday.

European shares had lost up to 10% in early trading Friday in a replay of the horrific Friday two weeks earlier. French shares fell 8.0% early on to finish at five-year lows, off 3.5% at the end. Frankfurt’s DAX 30 index and London’s FTSE 100 were off around 5%.

Sony, a leader of corporate Japan, saw its shares plunge 14% Friday after releasing forecasts of a lower profit on Thursday night. Sony has a board meeting in Tokyo this week to consider cuts.

ArcelorMittal, the world’s biggest steel producer, shut smelting furnaces on a temporary basis in France, Germany and Belgium, according to union chiefs who met with management. It is reported to be reviewing its $US35 billion global expansion plan.

US figures show that 19 of the country’s 25 steel blast furnaces are either going to close or be shut down for varying periods of time, so great has been the drop in demand in the past two months, especially from the car industry.

Timken, the world’s biggest ball bearings maker, has slashed production and earnings forecasts because of falling demand from the car and construction machinery sectors (Caterpillar).

Timken blamed the cut in its fourth-quarter profit guidance on “the timing of certain raw-material cost recoveries and lower automotive industry demand”.

In other words demand is now weakening so fast that it can’t put prices up to try and recovery the earlier surge in steel costs during the year.

Spain’s unemployment rate jumped to 11.33%, a four year high, as the collapse of the housing and construction sector throws more people out of work. The worries about Brazil and especially Argentina are going to take their toll on Spain’s previously solid banking sector.

New figures meanwhile showed Britain’s economy shrank by 0.5% in the three months to September, compared with the previous quarter, marking the first contraction since 1992.

The UK economy slammed to a halt in the second quarter with zero growth and the slump accelerated into the red as unemployment surged, home sales, construction, industrial output and retail sales plunged and inflation rose.

IMPORTANT: AIR reports about financial markets and investment products in the widest sense possible. The AIR website and all its contents is prepared for general information only, and as such, the specific needs, investment objectives or financial situation of any particular user have not been taken into consideration. Individuals should therefore talk with their financial planner or advisor before making any investment decisions.



Andrew

Tags: , ,
Posted in Investing | No Comments »

Wall Street August 14, 2007. Whats next?

Thursday, July 10th, 2008
westphalia1 asked:


Wall Street is dragging everything down again. Did last weeks fed bailout help or not? This mornings finance news claims Wal-Marts poor performance is to blame. I find that hard to believe. Overnight ALL WORLD INDICES WERE IN THE RED. Now we are in the red again. Last week the same thing. All foreign stock markets, overnight, would go red and when we opened up-the same thing.

Joan

Tags: , ,
Posted in Investing | 2 Comments »

Currency News - Why Most Traders Can’t Make Profits With it

Tuesday, June 10th, 2008
Monica Hendrix asked:


It’s a fact that most traders who try and trade using online currency news end up losing because they don’t understand how the market works and fail to understand how news is discounted. If you don’t want to join the 95% of losing traders, then you need to understand how to use currency news correctly.

Let’s start with a rather interesting fact:

Today the currency news we get is of a higher quality than 50 years ago, it is delivered faster with the click of a mouse yet, the ratio of winners to losers is still the same as it was 50 years ago which means:

These advances in quality of news and speed of delivery, have not helped improve the success rate.

The reason for this of course is - the news is discounted in a split second and you simply can’t act quickly enough. Furthermore, currency news reflects what the majority think and on most occasions, the majority lose.

It’s a fact that - markets collapse when their most bullish and rally when their most bearish.

Will Rodgers once said:

“I only believe what I read in the papers”

He was joking, but it amazes me how many traders see a story in the financial times or Wall Street Journal and try and trade it and then wonder why they lose.

Currency news is a story and it reflects in most instances what the vast majority believe and is out of date as soon as you see it. Try and trade it and you will have your emotions involved which can lead to a breakdown in discipline.

If you consider the fundamentals are discounted immediately by the market the most effective way to trade is to use forex technical analysis and study forex charts.

Technical analysis simply assumes that all known fundamentals will show up in price action so you don’t need to worry about the news. Furthermore, forex charts give you something more - they tell you how investors perceive the fundamentals and take into account human psychology.

After all it is not the currency news itself that is important, its how each and every investor reads and acts on the news. We all have the same news to read but we will all draw different conclusions. It is this mass of millions of traders, who ultimately determine the price.

By using forex charts you are simply studying the reality - price as it is and acting on it, with no need to guess or assume what the impact of currency news will be.

Forex chartists don’t care how or why markets move, they simply follow price action and try and make money when they do.

There’s a saying:

If you can hold your head when everyone around you is losing theirs you probably haven’t heard the news”

In forex trading, it’s the disciplined trader who wins and he generally stays cool, calm and collected, while other traders lose their discipline and fall prey to the emotions of greed and fear.

If you want to make money at forex trading forget currency news, keep your discipline and react to the reality of price change and you can make big profits over the longer term.



Melanie

Tags: , ,
Posted in Investing | No Comments »

The Best Investment Every Trader Will Make

Friday, June 6th, 2008
singapore trader asked:


The latest News can affect all Markets- All Traders know this

So it is very important that we get the latest news, and as it happens.

This why the wall street journal is the first tool that every trader needs.

The wall street journal is arguably the most important trading tool that any trader can use. The Wall Stret Journal which is now also available online is have a fantastic special were for a short time it purchased with a 75% DISCOUNT so you can get it for $1.99 per week. With the choice of online or print .so known as wsj, Wall Street Journal is one of the most popular Financial newspapers worldwide.

The Wall Street Journal is nothing less than America’s true newspaper of record, a window on the world of business, finance, international affairs, and all the delicious little nuggets of news that would otherwise slip through the cracks. Wall street journal newspaper covers financial and other news;  the  wall street subscription price is low and very competitive,  and this is why readers prefer it amongst other competitor newspapers.

Wall Street Journal is one of the biggest USA newspapers by circulation. A complement to the print newspaper, The Wall Street Journal Online was launched in 1996. The Wall Street Journal claims to have sent the first news report,[citation needed] on the Dow Jones wire, of a plane colliding into the World Trade Center on Sept.

 

News

 

As a registered user of  The Wall Street Journal Online, you will be able to:. It “will provide up-to-the-minute business and financial news from the Online Journal, along with comprehensive market, stock and commodities data, plus personalized portfolio information–directly to a cell phone. News alerts via  & science Science Space Tech and gadgets Wireless Games Security Innovation Health Travel Weather Local   Video Photos Community Disable Fly-out Marketplace Shopping Get a Holiday Deal Wall Street Journal launches social network Web site borrows from Internet hangouts like Facebook to boost usage  MSN Tech and Gadgets Innovative tech coming to CES 2009′Naughty’ names are deprived of e-mail.

The newspaper has won the Pulitzer Prize thirty-three times[3], including 2007 prizes for backdated stock options and for the adverse impact of China’s booming economy. A complement to the print newspaper, The Wall Street Journal Online was launched in 1996. Many Wall Street Journal news stories are available through free online newspapers that subscribe to the Dow Jones syndicate. 

 

This is the BEST BUY on the Internet

 

The content of the WSJ is unparalleled. In fact, the online WSJ is vastly more streamlined than Forbes, Fortune, CNN, etc. There is something for everyone in the  WSJ.

Its reputation secure as the nation’s preeminent business news and conservative opinion newspaper, The Wall Street Journal nevertheless fell on uncertain times in the 1990s, as declining advertising and rising newsprint costs—contributing to the first-ever annual loss at Dow Jones in 1997—raised speculation that the paper might have to drastically change, or be sold. [10] It is commonly held to be the largest paid-subscription news site on the Web, with 980,000 paid subscribers in mid-2007.

 Also known as wsj, Wall Street Journal is one of the most popular Financial newspapers worldwide. Please Note: After you complete the simple subscription process you will be able to start accessing your free trial subscription to WSJ. I subscribed to WSJ Online and used a credit card to pay. I’ve been a subscriber for a few years now, and the WSJ is the first thing I read every morning. The WSJ offers a similar variety of subjects with more depth. There is something for everyone in the WSJ. The WSJ offers a similar variety of subjects with more depth.

It is of course a remarkable offer getting the wall street journal at $1.99 per week, which can be purchased monthly or on yearly basis, this is must for every trader in 2009



Barry

Tags: , ,
Posted in Investing | No Comments »

« Older Entries