On “Market meltdown refutes ‘efficient markets’ theory,” Kate Gibson of MarketWatch interviews market strategist, Nicolas Colas, who questions the validity of efficient markets and other common notions upon which our modern financial theory is based. An “efficient market,” according to the traditional financial and academic community is supposed to “efficiently” factor in all available information […]
CNBC and Ex-Trader Jim Cramer get Hammered
Posted by on March 16, 2009 at 5:10 pm
If you haven’t seen Jon Stewart hammer ex-hedge fund trader and CNBC commentator, Jim Cramer, on The Daily Show last week yet, I strongly suggest you watch this video. Jim Cramer is the loud clown that hosts CNBC’s Mad Money at nights. I’ve never really understood why anyone would pay attention to this joker, let […]
Madoff could keep Baby Boomers out of Stocks?
Posted by on March 12, 2009 at 11:18 pm
Madoff keeping Baby Boomers out of the stock market? At least that’s what this Market Watch story suggested. I cracked my ASSets off when I read that. Was Madoff really the culprit in the desire of Boomers to shun equities? Common! Get real! It is true that what this Jewish con man and ex-Nasdaq Chairman […]
The Stock Market – How Bad is it Really?
Posted by on March 10, 2009 at 1:55 am
It’s pretty bad. I’m glad that in our world of forex trading, stocks just aren’t welcomed! In fact, I have been in favor of alternative investments instead of stocks and the economically-sensitive real estate sector for years. Since my post, “Stock Market Trades Below Key Support Level,” the Dow has fallen further. Just look at […]
Stock Market Trades Below Key Support Level
Posted by on March 3, 2009 at 12:08 am
The hits just keep on coming as the Dow Jones Industrial Average (Dow), the most popular US stock market index, closed below the 50%-retracement level. Traders familiar with technical analysis know that when the price of anything falls 50% from a peak, it tends to be “supported” from falling further – but if this level […]
Stock Market Destroys American Wealth – What Else is New?
Posted by on February 23, 2009 at 6:15 pm
The stock market got hammered again today. The Dow Jones Industrial Average (Dow) was down over 3% to a close of 7114.78. That’s about 50% off from its high near 14,000 in 2007. Trillions of dollars of wealth continue to evaporate with the perpetual decline. But this is nothing new. I have been warning others […]
FX Day Trading Brokers and Account Protection
Posted by on December 15, 2008 at 11:04 pm
During today’s global banking crisis, more and more day traders are worried about the safety of their funds if their forex broker goes under. In the United States, the NFA (National Futures Association) does not protect against insolvency of forex brokers. Nevertheless, I believe that FX (foreign exchange) remains one of the best asset classes […]
Don’t Day Trade to Delay your Retirement
Posted by on October 1, 2008 at 10:16 pm
Americans’ love affair with stocks has caused the delay in many retirements (perpetually in some cases). This historical credit crisis and real estate bubble blow-up has impacted 401(k) balances across the nation – as well as IRA accounts and non-retirement stock portfolios. Even diversified bond portfolios have gotten whacked, as corporate debt across traditionally “solid” […]
“Day Traders Selling Short will be Shot on Sight,” says the SEC
Posted by on September 19, 2008 at 10:59 pm
Day traders; this may sound a bit dramatic, but at the rate the SEC is going with the regulation of short sellers, this might become the next headline! In my blog post yesterday, “SEC Adopts New Short-selling Rules,” I commented on the SEC’s latest move to regulate naked short-selling. Even though I agree on restricting […]
SEC Adopts New Short-selling Rules
Posted by on September 18, 2008 at 12:15 am
“The SEC [Securities and Exchange Commission] adopts rules against naked short-selling,” writes Marcy Gordon of The Associated Press. I laughed my assets off when I read this headline just a few hours ago. This is why I love forex (or foreign exchange) for day trading so much better than stocks. I’m not saying that naked […]
