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 […]
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” […]
What are other Day Traders Saying?
Posted by on February 3, 2007 at 1:52 pm
New day traders always want to know how “others are doing it.” This is a natural desire that applies to any subject of interest. It is extremely helpful to know how professionals do their “thing.” That’s why I put this DTT section together. I have met traders from all over the world; some good, some […]
