A stock exchange provides facilities for the trading of securities and other financial instruments. Generally facilities are also provided for the issue and redemption of securities as well as other capital events including the payment of income and dividends
Whether you're a seasoned investor, day or swing trader, or sitting on the sidelines wondering what to do, there are billions of dollars being made and lost through trading in the markets of the world every day. Please aslo have a loom at Experts For Europe. Here you will find the best experts for business consulting, Finance and IT.
Intstockexchanges.com provides information on selected stock markets around the world. The New York Stock exchange may be the most renowned of stock markets, but it is by no means the only one. Use Intstockexchanges.com to visit market sites around the world and experience the different flavors.
World Wide Stock Exchange
Australian Stock Exchange Limited
ASX operates a market for securities issued by listed companies. To protect the integrity of that market, ASX has high standards for behavior of listed companies.
Australian Stock Exchange Limited
Istanbul Stock Exchange
In 1986, the Istanbul Stock Exchange was established. The ISE provides trading in equities, bonds, bills, revenue-sharing certificates, real estate and foreign securities certificates
Istanbul Stock Exchange
New York Stock Exchange
The NYSE is the world's leading equities market. A wide range of market participants, including listed companies, individual and institutional investors and member firms, create the NYSE market.
New York Stock Exchange
Swiss Exchange
The SWX Swiss Exchange operates Europe's largest market segment for listed and exchange-traded warrants. It is renowned for its wide range of products, favorable listing conditions, and ability to respond quickly to new investor needs.
Swiss Exchange
Toronto Stock Exchange
The Toronto Stock Exchange is known as one of North America's premier stock exchanges. TSX offers listed companies a dynamic market to raise capital and provides an efficient, liquid market for senior equities.
Toronto Stock Exchange
Bombay Stock Exchange Limited
Bombay Stock Exchange Limited (BSE) is the oldest stock exchange in Asia. The Exchange provides an efficient market for trading in equity, debt instruments and derivatives.
Bombay Stock Exchange Limited
London Stock Exchange
Over the years, the London Stock Exchange has led the way in developing a strong, well-regulated stock market and today lies at the heart of the global financial community.
London Stock Exchange
The Philippine Stock Exchange, Inc.
In 2000, the PSE was converted from a non-stock, member-governed organization into a shareholder-based, revenue-earning company. This transformation, as well as ventures into new products set to establish PSE as a more competitive organization with stable revenues.
The Philippine Stock Exchange, Inc.
The Stock Exchange of Thailand
The Thai Capital Market began in the 1960s. The Second National Economic and Social Development Plan (1967-1971) proposed that a supervised orderly securities market be established.
The Stock Exchange of Thailand
Friday, April 10, 2009
CANADIAN FREE STOCK PICKS
At Agnosoft, we have developed an innovative stock market research software, the Super Stock Picker, which picks the best Canadian stocks from the Toronto Stock Exchange in order to build high-performance Canadian stock portfolios that meet various investor profiles.
On this web site, get everything about those portfolios for FREE: you will find a description, the current holdings, the compounded returns, the sector mix, the volatility rating and the historical orders since the inception of each portfolio. You've got everything you need to find out if this is the strategy for you.
Also, we deliver to our members daily buy and sell advice for FREE by email. These orders are the same as the ones we register to build our Canadian stock portfolios.
And in our research column you will find papers about the most efficient and simple investment strategies. These papers illustrate clearly why the Super Stock Picker approach is so effective in picking Canadian stocks.
LATEST NEWS
April 01 2009:Read our Canadian stock market articles:
Stocks Listed On Both American And Canadian Stock Exchanges
Nicolas Darvas's Trades
Nicolas Darvas - How I Made $2,000,000 in the Stock Market
Real Estate Investing: No Lawyers, No Debt, No Plungers
Dealing With Market Corrections: Ten Dos and Don'ts
Relax, A Volatile Stock Market Is Your Dearest Friend
Why Small Caps Are More Profitable Than Big Caps
:
On this web site, get everything about those portfolios for FREE: you will find a description, the current holdings, the compounded returns, the sector mix, the volatility rating and the historical orders since the inception of each portfolio. You've got everything you need to find out if this is the strategy for you.
Also, we deliver to our members daily buy and sell advice for FREE by email. These orders are the same as the ones we register to build our Canadian stock portfolios.
And in our research column you will find papers about the most efficient and simple investment strategies. These papers illustrate clearly why the Super Stock Picker approach is so effective in picking Canadian stocks.
LATEST NEWS
April 01 2009:Read our Canadian stock market articles:
Stocks Listed On Both American And Canadian Stock Exchanges
Nicolas Darvas's Trades
Nicolas Darvas - How I Made $2,000,000 in the Stock Market
Real Estate Investing: No Lawyers, No Debt, No Plungers
Dealing With Market Corrections: Ten Dos and Don'ts
Relax, A Volatile Stock Market Is Your Dearest Friend
Why Small Caps Are More Profitable Than Big Caps
:
Stock Exchange FM
Share market down at noon on falling resources and banking stocks The Australian
THE Australianmarket was down almost one per cent at noon, on falling resources and banking stocks. At 12.00pm AEST, the benchmark S&P/ASX200 was down 34.6 points, 0.92 per cent to 3722 and the broader All Ordinaries was...
Monday's stock market loses steam The Examiner
Feed .examiners_body img{padding:5px;} Photo by Getty Images Yesterday the Dow closed 42 points below its opening position. Why? Because investors are scared to pedal faster. Riding the stock market isn't much different than riding a...
Bond prices rise on lower stock market, ahead of auctions CNN
Treasury prices rise ahead of auctions Stocks open lower, sending investors to credit market. High volume of debt comes to market this week. RSS Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS (close) By...
Oil falls below $50 on stock market, inventories CNN
Oil drops back below $50 Price of crude falls nearly $2 a barrel as declining equities reflect the global economy's weakness. RSS Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS (close) Last Updated: April...
Oil retreats below $52 as stock markets turn red Houston Chronicle
- Oil prices retreated to below $52 a barrel Monday, tracking a downturn in stock markets, as investors worried about the upcoming U.S. corporate earnings season and the failure of a major takeover deal. By mid-afternoon in Europe, benchmark crude...
Oil retreats below $52 as stock markets turn red, 3rd Ld-Writethru Syracuse
(AP) - Oil prices retreated to below $52 a barrel Monday, tracking a downturn in stock markets, as investors worried about the upcoming U.S. corporate earnings season and the failure of a major takeover deal. By mid-afternoon in Europe, benchmark...
How to find stocks of big companies for less than $5 USA Today
Posted Comment Recommend ASK MATT ABOUT STOCKS Got a question about the stock market or a specific stock? USA TODAY financial markets reporter Matt Krantz answers a new question every weekday at Q: How can I find...
European Markets Seen Opening Slightly Higher Wall Street Journal
Dow Jones Newswires European stock markets are set to open slightly higher on Tuesday, as investors adopt a more cautious stance ahead of U.S. earnings reports. "The very selective fund flows will leave the market environment tending mixed," said...
Oil falls below $51 as stocks erase early gains The Times of India
6 Apr 2009, 1904 hrs IST, REUTERS Text: LONDON: Oil prices fell below $51 a barrel on Monday as stock markets sputtered, erasing early gains on expectations that rich nations' efforts to...
A look at economic developments and activity in stock markets around the world Monday Star Tribune
A look at economic developments and stock market activity around the world Monday: ___ TOKYO — Japanese Prime Minister Taro Aso ordered more than 10 trillion yen ($99 billion) in fresh spending to rescue the world's second-biggest economy from...
Market status
Inquirer
STOCK prices have generally been moving up recently that the market's main index, the Philippine Stock Exchange index or PSEi, has risen relatively higher. It's the same story on Wall Street. Wall Street has been on the climb, too. And, like on Wall...
Commission hopes to stabilize markets.
Austin American Statesman
WASHINGTON — Federal securities regulators are considering several ways to place restrictions on traders who bet that stock prices will fall, as investors and lawmakers clamor for brakes on moves that they say worsened the market's downturn....
Market Maker Surveillance Report. Top 6 Abnormal Price Friction Stocks For April 6, 2009
Insurance Newsnet
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for April 6, 2009. Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This...
Would New Rule Ease Stock Drops? ABC News
By MATTHEW JAFFE WASHINGTON, April 8, 2009 FONT SIZE The today unanimously proposed new measures to make it tougher to profit by short selling stocks, including reinstating the uptick rule, although it will be months before any changes go into...
Worry remains as market gains Chicago Sun-Times
Government is supposed to be a calming influence on the turbulent markets. But these days, the market seems to be responding to the government's economic medicine as if it were a jolt of caffeine rather than a sedative. "It's the policymakers now who...
THE Australianmarket was down almost one per cent at noon, on falling resources and banking stocks. At 12.00pm AEST, the benchmark S&P/ASX200 was down 34.6 points, 0.92 per cent to 3722 and the broader All Ordinaries was...
Monday's stock market loses steam The Examiner
Feed .examiners_body img{padding:5px;} Photo by Getty Images Yesterday the Dow closed 42 points below its opening position. Why? Because investors are scared to pedal faster. Riding the stock market isn't much different than riding a...
Bond prices rise on lower stock market, ahead of auctions CNN
Treasury prices rise ahead of auctions Stocks open lower, sending investors to credit market. High volume of debt comes to market this week. RSS Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS (close) By...
Oil falls below $50 on stock market, inventories CNN
Oil drops back below $50 Price of crude falls nearly $2 a barrel as declining equities reflect the global economy's weakness. RSS Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS (close) Last Updated: April...
Oil retreats below $52 as stock markets turn red Houston Chronicle
- Oil prices retreated to below $52 a barrel Monday, tracking a downturn in stock markets, as investors worried about the upcoming U.S. corporate earnings season and the failure of a major takeover deal. By mid-afternoon in Europe, benchmark crude...
Oil retreats below $52 as stock markets turn red, 3rd Ld-Writethru Syracuse
(AP) - Oil prices retreated to below $52 a barrel Monday, tracking a downturn in stock markets, as investors worried about the upcoming U.S. corporate earnings season and the failure of a major takeover deal. By mid-afternoon in Europe, benchmark...
How to find stocks of big companies for less than $5 USA Today
Posted Comment Recommend ASK MATT ABOUT STOCKS Got a question about the stock market or a specific stock? USA TODAY financial markets reporter Matt Krantz answers a new question every weekday at Q: How can I find...
European Markets Seen Opening Slightly Higher Wall Street Journal
Dow Jones Newswires European stock markets are set to open slightly higher on Tuesday, as investors adopt a more cautious stance ahead of U.S. earnings reports. "The very selective fund flows will leave the market environment tending mixed," said...
Oil falls below $51 as stocks erase early gains The Times of India
6 Apr 2009, 1904 hrs IST, REUTERS Text: LONDON: Oil prices fell below $51 a barrel on Monday as stock markets sputtered, erasing early gains on expectations that rich nations' efforts to...
A look at economic developments and activity in stock markets around the world Monday Star Tribune
A look at economic developments and stock market activity around the world Monday: ___ TOKYO — Japanese Prime Minister Taro Aso ordered more than 10 trillion yen ($99 billion) in fresh spending to rescue the world's second-biggest economy from...
Market status
Inquirer
STOCK prices have generally been moving up recently that the market's main index, the Philippine Stock Exchange index or PSEi, has risen relatively higher. It's the same story on Wall Street. Wall Street has been on the climb, too. And, like on Wall...
Commission hopes to stabilize markets.
Austin American Statesman
WASHINGTON — Federal securities regulators are considering several ways to place restrictions on traders who bet that stock prices will fall, as investors and lawmakers clamor for brakes on moves that they say worsened the market's downturn....
Market Maker Surveillance Report. Top 6 Abnormal Price Friction Stocks For April 6, 2009
Insurance Newsnet
BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for April 6, 2009. Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This...
Would New Rule Ease Stock Drops? ABC News
By MATTHEW JAFFE WASHINGTON, April 8, 2009 FONT SIZE The today unanimously proposed new measures to make it tougher to profit by short selling stocks, including reinstating the uptick rule, although it will be months before any changes go into...
Worry remains as market gains Chicago Sun-Times
Government is supposed to be a calming influence on the turbulent markets. But these days, the market seems to be responding to the government's economic medicine as if it were a jolt of caffeine rather than a sedative. "It's the policymakers now who...
Oil prices slide in line with stock markets
OIL prices have dropped more than $US1 as traders tracked fresh falls on global stock markets.
New York's main contract, light sweet crude for May delivery, tumbled $US1.46 today from Friday's closing price to end at $US51.05 per barrel on the New York Mercantile Exchange.
In London, Brent North Sea crude for delivery in May dived $US1.23 to $US52.24 a barrel, after earlier shooting as high as $US54.31.
"We're seeing a bit of a correction after the stock market took a hit today," said Bart Melek of BMO Capital Markets. "We're falling towards $US50 after a pretty considerable rally in the last few weeks and a fairly optimistic equity market.
"Melek said he sensed some profit taking, in reaction to the fall in US and European equity markets.
Shares fell as US investors turned cautious ahead of first-quarter earnings news and European sentiment suffered from disappointing retail sales results.
"Traders are certainly realising that we are not out of the woods on the demand side, and that perhaps the optimism that was shown over the last few days was a little bit premature," Melek said.
Global equities had marched higher early today as sentiment was boosted by pre-weekend gains on Wall Street and record demand for HSBC bank's historic rights issue, dealers said.
But European stocks turned south after Wall Street sank on concerns ahead of the US quarterly earnings season starting this week and amid reports that IBM's takeover deal for Sun Microsystems may be shelved.
London Brent oil had breached $US54 in earlier trade on optimism that a global economic recovery could spur energy demand, analysts said.
Crude oil had won support "on speculation that the global economic stimulus efforts and production cuts by OPEC may slow growth in world stockpiles of the fuel", said BetOnMarkets analyst Dave Evans.
Markets had also shrugged off North Korea's launch on Sunday of a long-range rocket, which passed over northern Japan without incident, they said.
Oil prices had risen sharply after the Group of 20 London summit on Thursday stoked hopes of an economic upturn and rising demand for raw materials.
But markets were overshadowed somewhat on Friday by news that the US unemployment rate jumped to a fresh 25-year high of 8.5 per cent in March as recession-battered employers shed another 663,000 jobs.
A spreading worldwide recession has ravaged energy demand and slashed oil prices from their record peaks of above $US147 last July.
The Organisation of the Petroleum Exporting Countries (OPEC), which pumps 40 per cent of world oil, had opted last month to leave production quotas unchanged because of the global economic slowdown.
Late last year, the 12-nation cartel had slashed its output by a total of 4.2 million barrels a day as it sought to halt the slide in oil prices.
New York's main contract, light sweet crude for May delivery, tumbled $US1.46 today from Friday's closing price to end at $US51.05 per barrel on the New York Mercantile Exchange.
In London, Brent North Sea crude for delivery in May dived $US1.23 to $US52.24 a barrel, after earlier shooting as high as $US54.31.
"We're seeing a bit of a correction after the stock market took a hit today," said Bart Melek of BMO Capital Markets. "We're falling towards $US50 after a pretty considerable rally in the last few weeks and a fairly optimistic equity market.
"Melek said he sensed some profit taking, in reaction to the fall in US and European equity markets.
Shares fell as US investors turned cautious ahead of first-quarter earnings news and European sentiment suffered from disappointing retail sales results.
"Traders are certainly realising that we are not out of the woods on the demand side, and that perhaps the optimism that was shown over the last few days was a little bit premature," Melek said.
Global equities had marched higher early today as sentiment was boosted by pre-weekend gains on Wall Street and record demand for HSBC bank's historic rights issue, dealers said.
But European stocks turned south after Wall Street sank on concerns ahead of the US quarterly earnings season starting this week and amid reports that IBM's takeover deal for Sun Microsystems may be shelved.
London Brent oil had breached $US54 in earlier trade on optimism that a global economic recovery could spur energy demand, analysts said.
Crude oil had won support "on speculation that the global economic stimulus efforts and production cuts by OPEC may slow growth in world stockpiles of the fuel", said BetOnMarkets analyst Dave Evans.
Markets had also shrugged off North Korea's launch on Sunday of a long-range rocket, which passed over northern Japan without incident, they said.
Oil prices had risen sharply after the Group of 20 London summit on Thursday stoked hopes of an economic upturn and rising demand for raw materials.
But markets were overshadowed somewhat on Friday by news that the US unemployment rate jumped to a fresh 25-year high of 8.5 per cent in March as recession-battered employers shed another 663,000 jobs.
A spreading worldwide recession has ravaged energy demand and slashed oil prices from their record peaks of above $US147 last July.
The Organisation of the Petroleum Exporting Countries (OPEC), which pumps 40 per cent of world oil, had opted last month to leave production quotas unchanged because of the global economic slowdown.
Late last year, the 12-nation cartel had slashed its output by a total of 4.2 million barrels a day as it sought to halt the slide in oil prices.
Australian Stock Exchange Limited News
Australian Stock Exchange Limited News
Greenpower to take on Planet Gas CBM projects
... Australian coalbed methane ('CBM') projects to Greenpower, which is proposed to be listed for quotation by Australian Stock Exchange Limited ('ASX'). ...
GVM - GVM Metals Limited - Results Of General Meeting
... `the Company") ANNOUNCEMENT (Released on ASX on 5 June 2007) 6 June 2007 Company Announcements Office Australian Stock Exchange Limited Level 4 Exchange ...
Component Changes Made to Dow Jones BRIC 50 and Dow Jones Global ...
The current 22 components are Australian Stock Exchange Limited (Australia, ASX.AU), Bolsas y Mercados Espanoles (Spain, BME. ...
GVM - GVM - Directors appointment - N Mazwai
... code on the Australian Stock Exchange Limited: GVM ISIN: AU000000GVM1 ("GVM" or `the Company") GVM Metals Ltd Appoints Nonkqubela Mazwai as Director GVM ...
GVM - GVM - Coal Of Africa Limited Consideration Payment
... code on the JSE Limited: GVM & ISIN: AU000000GVM1 Share code on the Australian Stock Exchange Limited: GVM & ISIN: AU000000GVM1 ("GVM" or `the Company") ...
GVM - GVM Metals Limited - Results of shareholders meeting and market
... ISIN: AU000000GVM1 Share code on the Australian Stock Exchange Limited: GVM ISIN: AU000000GVM1 ("GVM" or `the Company") ANNOUNCEMENT (Released on ASX on ...
GVM - GVM Metals Limited - New Issue Of 35 050 101 Shares
... code on the Australian Stock Exchange Limited: GVM & ISIN: AU000000GVM1 ("GVM" or `the Company") ANNOUNCEMENT (Released on ASX on 5 June 2007) Rule 2.7, ...
GVM - GVM Metals Limited - Change of Director s interest notice
... Share code on the Australian Stock Exchange Limited: GVM ISIN: AU000000GVM1 ("GVM" or `the Company") Change of Director's Interest Notice Information or ...
TAW - Tawana Resources NL - Open Briefing. Progress on Main Projects
... code on the Australian Stock Exchange Limited: TAW & ISIN: AU000000TAW7 ("Tawana" or "the Company") Date of lodgement: 29-May-2007 Title: Open Briefing. ...
Greenpower to take on Planet Gas CBM projects
... Australian coalbed methane ('CBM') projects to Greenpower, which is proposed to be listed for quotation by Australian Stock Exchange Limited ('ASX'). ...
GVM - GVM Metals Limited - Results Of General Meeting
... `the Company") ANNOUNCEMENT (Released on ASX on 5 June 2007) 6 June 2007 Company Announcements Office Australian Stock Exchange Limited Level 4 Exchange ...
Component Changes Made to Dow Jones BRIC 50 and Dow Jones Global ...
The current 22 components are Australian Stock Exchange Limited (Australia, ASX.AU), Bolsas y Mercados Espanoles (Spain, BME. ...
GVM - GVM - Directors appointment - N Mazwai
... code on the Australian Stock Exchange Limited: GVM ISIN: AU000000GVM1 ("GVM" or `the Company") GVM Metals Ltd Appoints Nonkqubela Mazwai as Director GVM ...
GVM - GVM - Coal Of Africa Limited Consideration Payment
... code on the JSE Limited: GVM & ISIN: AU000000GVM1 Share code on the Australian Stock Exchange Limited: GVM & ISIN: AU000000GVM1 ("GVM" or `the Company") ...
GVM - GVM Metals Limited - Results of shareholders meeting and market
... ISIN: AU000000GVM1 Share code on the Australian Stock Exchange Limited: GVM ISIN: AU000000GVM1 ("GVM" or `the Company") ANNOUNCEMENT (Released on ASX on ...
GVM - GVM Metals Limited - New Issue Of 35 050 101 Shares
... code on the Australian Stock Exchange Limited: GVM & ISIN: AU000000GVM1 ("GVM" or `the Company") ANNOUNCEMENT (Released on ASX on 5 June 2007) Rule 2.7, ...
GVM - GVM Metals Limited - Change of Director s interest notice
... Share code on the Australian Stock Exchange Limited: GVM ISIN: AU000000GVM1 ("GVM" or `the Company") Change of Director's Interest Notice Information or ...
TAW - Tawana Resources NL - Open Briefing. Progress on Main Projects
... code on the Australian Stock Exchange Limited: TAW & ISIN: AU000000TAW7 ("Tawana" or "the Company") Date of lodgement: 29-May-2007 Title: Open Briefing. ...
New York Stock Exchange
New York City: Stock Exchange (NYSE) and New York University (NYU)
Read to find out more about New York Stock exchange (NYSE) and New York University (NYU).
Gann Angles – A Unique Powerful Tool For Trading Profits
W D Gann developed technical trading systems that made him a fortune of in excess of 50 million dollars. Gann was a trading legend and his stature is reflected in the life size portrait people see when they enter the New York Stock Exchange. Gann Angles were one of his most effective tools so let’s look at them.
W D Gann – The Secrets That Made Gann Millions
As you enter the New York Stock Exchange, stands a life-sized picture of W D. Gann (1878 - 1955) and this is an indication of the respect he is held in by traders worldwide. Today, half a century after his death he remains one of the most important traders of all time. Here we will look at how W D Gann made millions from his trading methods and how they can help you seek bigger profits.
NYSE's Brash Traders Could Be Floored
The introduction of hybrid trading on the New York Stock Exchange could sound the closing bell for its testosterone-fuelled floor, writes Andrew Clark.
Post-Enron Rules Keep Foreign Companies Away From Wall Street
The New York Stock Exchange has made a frank admission about the severe impact of tighter and more costly regulations that were introduced in the wake of the Enron scandal on the number of international companies coming to Wall Street.
Stock Market Trading
Trading the stock market in the real world. The stock market offers various opportunities for trading. Apart from the main securities, which one can trade on various exchanges like the New York...
LSE Stocks Leap After Nasdaq Buy
Shares in the London Stock Exchange soared today after the New York-based Nasdaq stock exchange bought a 15% stake in the company.
US Traders on Fraud Charges
The clean-up of Wall Street continued yesterday when criminal and civil fraud charges were filed against 20 former "specialists" who trade for clients on the floor of the New York Stock Exchange.
Spitzer Sues Over Grasso's $100m
New York state attorney general Eliot Spitzer yesterday sued former New York Stock Exchange boss Richard Grasso, demanding the return of more than $100m (£56m) he received in a compensation package. Mr Spitzer said the $187.5m package disclosed at the end of last summer was "simply...
NYSE Slims Down After Grasso's Excess
The interim head of the New York stock exchange yesterday put forward proposals to replace the market's unwieldy board with a smaller, more independent set of directors.
NYSE 'must keep policing powers'
The interim chairman of the New York Stock Exchange yesterday vowed to oppose any efforts to strip the institution of its regulatory powers.
Schrempp quits NYSE board
The controversy over the $140m pay package for former New York Stock Exchange chairman Richard Grasso claimed another victim yesterday with the resignation of DaimlerChrysler chief executive Jürgen Schrempp from the NYSE board.
NYSE names stand-in chief
Former Citigroup boss John Reed was yesterday named as stand-in chief executive and chairman of the New York Stock Exchange following the departure of Richard Grasso who stood down last week amid fierce controversy over his $140m (£85m) pay package.
Philly's clawless Eagles
The Eagles are turning heads this year, but not for the right reasons. Their lack of production has left fans wondering if their talent is as bloated as the 2000 New York Stock Exchange.
Investors call for NYSE reforms
A shell-shocked New York Stock Exchange was yesterday facing the most significant upheaval in its 211-year history as it tried to work out a way to restore its credibility following the resignation of chairman Richard Grasso.
Grasso resigns from NYSE
$140m costs chairman his job. Richard Grasso last night resigned as chairman of the New York Stock Exchange after the calls for him to go over the size of his compensation package reached deafening levels.
Pension Funds Join Calls for Grasso to Go
Two of the largest pension funds in America, along with the California state treasurer, yesterday called for the resignation of New York Stock Exchange chairman Richard Grasso over a pay package that recently awarded him a $140m (£87.5m) windfall. In a letter to the stock exchange...
Grasso faces ordeal by petition
Traders at the New York stock exchange are gathering signatures to call for the resignation of chairman Richard Grasso, who is under pressure after it emerged that he recently banked a one-off payment of almost $140m (£87.5m).
Grasso Tells Critics of His $48m Sacrifice
Richard Grasso, the embattled chairman of the New York Stock Exchange, last night disclosed that he had forfeited another $48m (£30m) in future benefits as he tried to calm the storm over his recent near $140m payout. At a press conference, Mr Grasso said he was "proud" to have been...
SEC calls for details of Grasso's $140m
Wall Street yesterday witnessed the opening of a potentially serious rift between two of its regulatory bodies when the head of the securities and exchange commission expressed concern at the $140m (£90m) awarded to New York stock exchange chief, Richard Grasso.
US stock exchange chairman gets his share - $140m nest egg
The chairman of the New York stock exchange has just received a cash payment of $140m (£89m) despite criticism of his management of the world's biggest stock exchange.
NYSE starts front runners' inquiry
The New York Stock Exchange is investigating the practices of some of the floor trading firms at the heart of its operations, delivering a fresh blow to Wall Street investor confidence.
NY Stock Exchange Bans Arab Tv Network 10am: Al-Jazeera has been banned from the New York stock exchange, prompting accusations of retaliation against the Arab TV network's stance on the war in Iraq. By Claire Cozens.
Wall Street fines could reach $2bn
Speculation that investment banks on Wall Street could be forced to pay a combined fine of up to $2bn (£1.3bn) to settle conflict of interest charges was yesterday described as not "out of bounds" by the chairman of the New York stock exchange.
NYSE Looks for Second Home
The New York Stock Exchange intends to build a second trading floor, outside lower Manhattan, to ensure continuity of the world's largest market in the event of further terrorist attacks.
Cleaners move in at America, Inc.
After the years of corporate excess, New York Stock Exchange prepares to bring in tough regime.
Read to find out more about New York Stock exchange (NYSE) and New York University (NYU).
Gann Angles – A Unique Powerful Tool For Trading Profits
W D Gann developed technical trading systems that made him a fortune of in excess of 50 million dollars. Gann was a trading legend and his stature is reflected in the life size portrait people see when they enter the New York Stock Exchange. Gann Angles were one of his most effective tools so let’s look at them.
W D Gann – The Secrets That Made Gann Millions
As you enter the New York Stock Exchange, stands a life-sized picture of W D. Gann (1878 - 1955) and this is an indication of the respect he is held in by traders worldwide. Today, half a century after his death he remains one of the most important traders of all time. Here we will look at how W D Gann made millions from his trading methods and how they can help you seek bigger profits.
NYSE's Brash Traders Could Be Floored
The introduction of hybrid trading on the New York Stock Exchange could sound the closing bell for its testosterone-fuelled floor, writes Andrew Clark.
Post-Enron Rules Keep Foreign Companies Away From Wall Street
The New York Stock Exchange has made a frank admission about the severe impact of tighter and more costly regulations that were introduced in the wake of the Enron scandal on the number of international companies coming to Wall Street.
Stock Market Trading
Trading the stock market in the real world. The stock market offers various opportunities for trading. Apart from the main securities, which one can trade on various exchanges like the New York...
LSE Stocks Leap After Nasdaq Buy
Shares in the London Stock Exchange soared today after the New York-based Nasdaq stock exchange bought a 15% stake in the company.
US Traders on Fraud Charges
The clean-up of Wall Street continued yesterday when criminal and civil fraud charges were filed against 20 former "specialists" who trade for clients on the floor of the New York Stock Exchange.
Spitzer Sues Over Grasso's $100m
New York state attorney general Eliot Spitzer yesterday sued former New York Stock Exchange boss Richard Grasso, demanding the return of more than $100m (£56m) he received in a compensation package. Mr Spitzer said the $187.5m package disclosed at the end of last summer was "simply...
NYSE Slims Down After Grasso's Excess
The interim head of the New York stock exchange yesterday put forward proposals to replace the market's unwieldy board with a smaller, more independent set of directors.
NYSE 'must keep policing powers'
The interim chairman of the New York Stock Exchange yesterday vowed to oppose any efforts to strip the institution of its regulatory powers.
Schrempp quits NYSE board
The controversy over the $140m pay package for former New York Stock Exchange chairman Richard Grasso claimed another victim yesterday with the resignation of DaimlerChrysler chief executive Jürgen Schrempp from the NYSE board.
NYSE names stand-in chief
Former Citigroup boss John Reed was yesterday named as stand-in chief executive and chairman of the New York Stock Exchange following the departure of Richard Grasso who stood down last week amid fierce controversy over his $140m (£85m) pay package.
Philly's clawless Eagles
The Eagles are turning heads this year, but not for the right reasons. Their lack of production has left fans wondering if their talent is as bloated as the 2000 New York Stock Exchange.
Investors call for NYSE reforms
A shell-shocked New York Stock Exchange was yesterday facing the most significant upheaval in its 211-year history as it tried to work out a way to restore its credibility following the resignation of chairman Richard Grasso.
Grasso resigns from NYSE
$140m costs chairman his job. Richard Grasso last night resigned as chairman of the New York Stock Exchange after the calls for him to go over the size of his compensation package reached deafening levels.
Pension Funds Join Calls for Grasso to Go
Two of the largest pension funds in America, along with the California state treasurer, yesterday called for the resignation of New York Stock Exchange chairman Richard Grasso over a pay package that recently awarded him a $140m (£87.5m) windfall. In a letter to the stock exchange...
Grasso faces ordeal by petition
Traders at the New York stock exchange are gathering signatures to call for the resignation of chairman Richard Grasso, who is under pressure after it emerged that he recently banked a one-off payment of almost $140m (£87.5m).
Grasso Tells Critics of His $48m Sacrifice
Richard Grasso, the embattled chairman of the New York Stock Exchange, last night disclosed that he had forfeited another $48m (£30m) in future benefits as he tried to calm the storm over his recent near $140m payout. At a press conference, Mr Grasso said he was "proud" to have been...
SEC calls for details of Grasso's $140m
Wall Street yesterday witnessed the opening of a potentially serious rift between two of its regulatory bodies when the head of the securities and exchange commission expressed concern at the $140m (£90m) awarded to New York stock exchange chief, Richard Grasso.
US stock exchange chairman gets his share - $140m nest egg
The chairman of the New York stock exchange has just received a cash payment of $140m (£89m) despite criticism of his management of the world's biggest stock exchange.
NYSE starts front runners' inquiry
The New York Stock Exchange is investigating the practices of some of the floor trading firms at the heart of its operations, delivering a fresh blow to Wall Street investor confidence.
NY Stock Exchange Bans Arab Tv Network 10am: Al-Jazeera has been banned from the New York stock exchange, prompting accusations of retaliation against the Arab TV network's stance on the war in Iraq. By Claire Cozens.
Wall Street fines could reach $2bn
Speculation that investment banks on Wall Street could be forced to pay a combined fine of up to $2bn (£1.3bn) to settle conflict of interest charges was yesterday described as not "out of bounds" by the chairman of the New York stock exchange.
NYSE Looks for Second Home
The New York Stock Exchange intends to build a second trading floor, outside lower Manhattan, to ensure continuity of the world's largest market in the event of further terrorist attacks.
Cleaners move in at America, Inc.
After the years of corporate excess, New York Stock Exchange prepares to bring in tough regime.
Stock Exchange
What does FTSE Stand For
Wondering what FTSE stands for? Read on to find out.
ShouStock Exchanges Demutualize? ld African
Global wave of exchange demutualization puts African exchanges under pressure.
Stock Exchange in Africa: Prospects and Challenges
Expanding African securities exchange face size and liquidity problems.
Exchange Traded Funds
Exchange Traded Funds are investment vehicles that are traded in Stock Exchanges. They are traded just as stocks or bonds are traded. They offer several tax advantages. They are preferred by large traders who take advantage of arbitrage opportunities.
You Think You Know Penny Stock Exchanges Like The OTCBB and Pink Sheets?
Most people think of the major stock exchanges when trading stocks comes to mind. However, on the OTC exchange, penny stock fortunes are made and lost quickly1.
Liverpool Announce to Stock Exchange They Have Agreed Terms of Takeover Offer
Soccer: Liverpool have announced to the stock exchange they have agreed the terms "of a recommended cash offer" from an American consortium.
Stock Research – NYSE’s Home Depot rocks investors with CEO resignation – Can Corporate culture survive
Home Depot - Culture wiped out by Imperial CEO...
A Beginner's Guide To The World Of Forex Trading
The foreign exchange, or Forex, market offers investors an exciting opportunity with many advantages over traditional forms of investment, such as the stock markets. If you are new to world of Forex however this article will give you a brief introduction to this exciting world.
Stock Market Trading
Trading the stock market in the real world. The stock market offers various opportunities for trading. Apart from the main securities, which one can trade on various exchanges like the New York...
LSE Chief Delivers Warning to Putin
The head of the London Stock Exchange rebuked the Russian president, Vladimir Putin, for barring a large foreign investor from Russia, it emerged today.
LSE Stocks Leap After Nasdaq Buy
Shares in the London Stock Exchange soared today after the New York-based Nasdaq stock exchange bought a 15% stake in the company.
Tokyo Stock Exchange Acts to Avoid New Debacle
The embattled Tokyo Stock Exchange said yesterday it would expand its daily trading capacity to prevent a repeat of Wednesday's debacle, when a high-profile investigation into the internet firm Livedoor prompted a flood of sell orders that forced the exchange to close early.
Tokyo Stock Exchange Plummets in Wake of Share Manipulation Claims
The Tokyo stock exchange endured another day of turmoil yesterday when the fallout from an investigation into alleged share manipulation sent share prices plummeting for the second day in a row.
Pink Sheets Discover Disclosure
In order to have viable healthy market you must have willing investors with access to current and accurate information.
IT Checks Ordered After Second Bourse Shutdown
Japan's financial services minister, Kaoru Yosano, ordered all six of the country's stock exchanges to carry out urgent computer checks yesterday after the Nagoya bourse became the second to suffer a systems shutdown in three days.
Deutsche Börse Boss is Ousted
Unpopular takeover attempt on LSE prompts boardroom coup by rebel investors.
US Traders on Fraud Charges
The clean-up of Wall Street continued yesterday when criminal and civil fraud charges were filed against 20 former "specialists" who trade for clients on the floor of the New York Stock Exchange.
Milan Stock Exchange Suspends Parmalat Shares
The Milan stock exchange today suspended trading in Parmalat shares until further notice, with the move coming after the dairy group was declared insolvent at the weekend. "Trade in financial securities issued by Parmalat Finanziaria and related covered warrants is suspended until further...
US stock exchange chairman gets his share - $140m nest egg
The chairman of the New York stock exchange has just received a cash payment of $140m (£89m) despite criticism of his management of the world's biggest stock exchange.
NY Stock Exchange Bans Arab Tv Network
10am: Al-Jazeera has been banned from the New York stock exchange, prompting accusations of retaliation against the Arab TV network's stance on the war in Iraq. By Claire Cozens.
Wondering what FTSE stands for? Read on to find out.
ShouStock Exchanges Demutualize? ld African
Global wave of exchange demutualization puts African exchanges under pressure.
Stock Exchange in Africa: Prospects and Challenges
Expanding African securities exchange face size and liquidity problems.
Exchange Traded Funds
Exchange Traded Funds are investment vehicles that are traded in Stock Exchanges. They are traded just as stocks or bonds are traded. They offer several tax advantages. They are preferred by large traders who take advantage of arbitrage opportunities.
You Think You Know Penny Stock Exchanges Like The OTCBB and Pink Sheets?
Most people think of the major stock exchanges when trading stocks comes to mind. However, on the OTC exchange, penny stock fortunes are made and lost quickly1.
Liverpool Announce to Stock Exchange They Have Agreed Terms of Takeover Offer
Soccer: Liverpool have announced to the stock exchange they have agreed the terms "of a recommended cash offer" from an American consortium.
Stock Research – NYSE’s Home Depot rocks investors with CEO resignation – Can Corporate culture survive
Home Depot - Culture wiped out by Imperial CEO...
A Beginner's Guide To The World Of Forex Trading
The foreign exchange, or Forex, market offers investors an exciting opportunity with many advantages over traditional forms of investment, such as the stock markets. If you are new to world of Forex however this article will give you a brief introduction to this exciting world.
Stock Market Trading
Trading the stock market in the real world. The stock market offers various opportunities for trading. Apart from the main securities, which one can trade on various exchanges like the New York...
LSE Chief Delivers Warning to Putin
The head of the London Stock Exchange rebuked the Russian president, Vladimir Putin, for barring a large foreign investor from Russia, it emerged today.
LSE Stocks Leap After Nasdaq Buy
Shares in the London Stock Exchange soared today after the New York-based Nasdaq stock exchange bought a 15% stake in the company.
Tokyo Stock Exchange Acts to Avoid New Debacle
The embattled Tokyo Stock Exchange said yesterday it would expand its daily trading capacity to prevent a repeat of Wednesday's debacle, when a high-profile investigation into the internet firm Livedoor prompted a flood of sell orders that forced the exchange to close early.
Tokyo Stock Exchange Plummets in Wake of Share Manipulation Claims
The Tokyo stock exchange endured another day of turmoil yesterday when the fallout from an investigation into alleged share manipulation sent share prices plummeting for the second day in a row.
Pink Sheets Discover Disclosure
In order to have viable healthy market you must have willing investors with access to current and accurate information.
IT Checks Ordered After Second Bourse Shutdown
Japan's financial services minister, Kaoru Yosano, ordered all six of the country's stock exchanges to carry out urgent computer checks yesterday after the Nagoya bourse became the second to suffer a systems shutdown in three days.
Deutsche Börse Boss is Ousted
Unpopular takeover attempt on LSE prompts boardroom coup by rebel investors.
US Traders on Fraud Charges
The clean-up of Wall Street continued yesterday when criminal and civil fraud charges were filed against 20 former "specialists" who trade for clients on the floor of the New York Stock Exchange.
Milan Stock Exchange Suspends Parmalat Shares
The Milan stock exchange today suspended trading in Parmalat shares until further notice, with the move coming after the dairy group was declared insolvent at the weekend. "Trade in financial securities issued by Parmalat Finanziaria and related covered warrants is suspended until further...
US stock exchange chairman gets his share - $140m nest egg
The chairman of the New York stock exchange has just received a cash payment of $140m (£89m) despite criticism of his management of the world's biggest stock exchange.
NY Stock Exchange Bans Arab Tv Network
10am: Al-Jazeera has been banned from the New York stock exchange, prompting accusations of retaliation against the Arab TV network's stance on the war in Iraq. By Claire Cozens.
Thursday, April 9, 2009
Istanbul Stock Exchange
Decree-Law No. 91 concerning securities exchanges was published in 1983. The decree foresaw the establishment of a stock exchange in Turkey aiming to make Turkey's capital markets more efficient.
The regulations outlining the functions of members as well as other aspects of trading on the ISE were published in the Official Gazette No.18537 on October 6, 1984.
Finally, in 1986 the Istanbul Stock Exchange (ISE) was established. The ISE provides trading in equities, bonds, bills, revenue-sharing certificates, real estate and foreign securities certificates.
The General Assembly is the supreme decision-making body of the ISE. It decides on important matters related to the management and administration. The Executive Council governs the ISE and meets regularly to decide on matters concerning daily operations. It is composed of five officers that are elected by the General Assembly, except the Chairman and Chief Executive Officer who is appointed by the Turkish government for a term of five years. The four other members of the Council represent the three categories of Exchange members: commercial banks, development banks and brokerage houses. Two internal auditors appointed by the General Assembly independently audit all of ISE's accounts. The Inspection Board monitors all transactions conducted on the ISE in order to prevent manipulation in the Stock Market. Additionally, the Board inspects and observes the compliance of members and ISE personnel with the rules and regulations.
The ISE enjoys a high level of self-regulation being an autonomous and professional organization. Fees charged on transactions, listing procedures and miscellaneous services help to generate revenues fro the ISE.
London Stock Exchange
The London Stock Exchange is one of the world's oldest stock exchanges. Its origins can be traced back to more than 300 years. Beginning in the 17th century, the Exchange has rapidly become the City's top financial institution. Over the years, the Exchange has led the way in developing a strong, well-regulated stock market and today lies at the heart of the global financial community.
Companies across the world come to the London Stock Exchange in order to raise money that will help develop their businesses. The Exchange can accommodate large companies to small businesses, from global brands to start-ups. By listing on the market, companies have the unique opportunity to tap into the world's deepest liquid pools of capital. More than 2,800 companies are listed on the markets, with a total worth of over ?3,500bn.
The London Stock Exchange is truly a global marketplace. Approximately 350 international companies in 54 different countries use a London listing to develop into global companies. They are drawn by the quality of the markets and the long-term approach of the institutional investor community in London.
There are two primary markets - the Main Market and AIM. The Main Market is Europe's most effective listings venue for established companies. AIM is the world's leading small-cap growth market. The markets are carefully supervised to ensure their integrity and equality for all participants
Sunday, March 15, 2009
How Some Win And Others Lose On The Stock Market
by HappyRiches Trading the share market is fraught with dangers. It is not as stable as some other investments. The property market is more stable, unlike the share market, it is not up one day and down the next. In fact, even during the day, the share market will go up an down many times. Because of this, many people do not like getting involved in the share market. When day trading became fashionable during the dot com boom of the late nineties, and many people left their jobs to become day traders, the market was perceived to be mostly going up. Nonetheless, many day traders were losing their money very quickly, with one day trader, Mark O Barton, completely losing it when having lost everything on the markets. Barton killed his wife, children, and office workers at his stockbroker's office, as well as people at a day trading center across the road from the stockbroking firm. Barton was not the only day trader to lose his money and then commit murder, but he killed the most. The number of day traders who lose all their money is said to be about 90%. This is the same percentage that is often quoted for start up businesses going broke in the first year. Not only is the percentage of failure interesting, it also tells us the reason people fail at business, and the reason people fail as day traders, could possibly be the same. Most people would like to be making $1000 a day, if they could. Unfortunately, many, who try to achieve this, go broke instead. One of the main reasons you will find for this is that people try to do things on their own rather than under the guidance of a mentor or coach. A mentor or coach often makes the difference. Barton would not have lost his money and killed all those people if he had not been a maverick, who thought that he alone could beat the market. In the end, according to Barton, it was not his bad judgment or his emotional instability that caused him to lose, rather it was his wife, the stock brokers and the other day traders who were responsible for his losses. Now, had Barton been willing to listen to people and get some good advice, he would have been able to make $250,000 in a year and then go to build this into a substantial fortune. Chris Kobewka had always wanted to be a stock broker from the age of thirteen. Chris's father died when he was ten years old and he became the man of the house. Naturally, he felt he would have to earn an income to be the provider. When Chris saw the houses and cars stock brokers owned, he just knew that is what he needed to be if was going to a good provider. But Chris didn't become a stock broker, he became a mechanical engineer. Eventually Christ participated in the management buyout of the company for which he worked and was instrumental in turning the company into a profitable company. Chris never lost his desire to make it on he markets. Well, he didn't become a stock broker, but Chris has hit the jackpot and in his first month of trading turned $360 into $19,800.00 trading less than one hour a day. Oddly enough, Chris has hit on a similar method to what I have developed when trading. The difference between Chris and myself is he is training people to do what he is doing.
Difference between online and offline stock trading?
The introduction of the Internet has surprisingly changed our way of life as a society. It has defined the way we do business and the way we correspond. The Internet has opened many opportunities for online trading. The financial industry revolves around the Internet. Every thing is just a few clicks away. This makes online trading most convenient. But there are still investors who prefer the old fashion way of offline trading and they mainly prefer offline trading for security reasons.
Internet has introduced a way for consumers to manage their money online. Not to mention, Internet has transformed the way investment companies operate their business and has made it easy for private investors to gain straight access to a range of different markets and online tools that were at one point only reserved by the use of investment professionals. Consumer investing and online trading has dramatically changed over the last decade. Online trading dynamically continues to be redefined. Services have expanded to include integrated management of additional financial accounts. Not to mention, it has subsequently expanded in conjunction with ground-breaking improvements to the traditional trading interface, such as telephone interface systems.
Of course, online trading has many pros. There are several wonderful reasons to invest online and consider online trading.
1. Money saving opportunities
The amount of money you save depends primarily on the online brokerage firm that you choose. No two firms are the same. There may be different regulations, similar to bank regulations. There are minimum deposits required that must be maintained. As mentioned above, this will depend on the online brokerage firm.
2. Instant online access
You can gain instant access to your account, the value of your portfolio updates immediately before your eyes.
3. Enter online trades at anytime
You can enter online trades at anytime and from anywhere. This is very convenient if you live in a different time zone than the country you are trading in. Not to mention, it is especially fit for investors with busy schedules.
4. With online trading you are in charge
You are in control of your investments. No sales pitches and no hassle. You decide where to invest your money.
Nevertheless, with all the convenience of online trading there are still investors who prefer the old fashion way of offline trading. Offline trading has lost some popularity but it is still the main form of investing. Offline trading offers many benefits as well.
1. The one benefit that an investor appreciates the most is that they are not alone when making investment decisions.
2. There are experienced and professional brokerage companies that handle their investments for them.
3. Investors are not faced with the challenge of making these vital investment decisions; especially, if they do not have the experience necessary to make the appropriate investments.
4 .Also, there is someone there to answer any questions that may cause concerns.
Not to mention, with offline trading mistakes are less likely to take place. No one wants to throw their money away or stand by and watch someone else throw their money away. It may be wise to hire a professional to assist you in making the correct investment decisions if you feel you lack the knowledge necessary.
Internet has introduced a way for consumers to manage their money online. Not to mention, Internet has transformed the way investment companies operate their business and has made it easy for private investors to gain straight access to a range of different markets and online tools that were at one point only reserved by the use of investment professionals. Consumer investing and online trading has dramatically changed over the last decade. Online trading dynamically continues to be redefined. Services have expanded to include integrated management of additional financial accounts. Not to mention, it has subsequently expanded in conjunction with ground-breaking improvements to the traditional trading interface, such as telephone interface systems.
Of course, online trading has many pros. There are several wonderful reasons to invest online and consider online trading.
1. Money saving opportunities
The amount of money you save depends primarily on the online brokerage firm that you choose. No two firms are the same. There may be different regulations, similar to bank regulations. There are minimum deposits required that must be maintained. As mentioned above, this will depend on the online brokerage firm.
2. Instant online access
You can gain instant access to your account, the value of your portfolio updates immediately before your eyes.
3. Enter online trades at anytime
You can enter online trades at anytime and from anywhere. This is very convenient if you live in a different time zone than the country you are trading in. Not to mention, it is especially fit for investors with busy schedules.
4. With online trading you are in charge
You are in control of your investments. No sales pitches and no hassle. You decide where to invest your money.
Nevertheless, with all the convenience of online trading there are still investors who prefer the old fashion way of offline trading. Offline trading has lost some popularity but it is still the main form of investing. Offline trading offers many benefits as well.
1. The one benefit that an investor appreciates the most is that they are not alone when making investment decisions.
2. There are experienced and professional brokerage companies that handle their investments for them.
3. Investors are not faced with the challenge of making these vital investment decisions; especially, if they do not have the experience necessary to make the appropriate investments.
4 .Also, there is someone there to answer any questions that may cause concerns.
Not to mention, with offline trading mistakes are less likely to take place. No one wants to throw their money away or stand by and watch someone else throw their money away. It may be wise to hire a professional to assist you in making the correct investment decisions if you feel you lack the knowledge necessary.
Thursday, February 26, 2009
Share Market Basics
You can buy and sell any stock over the Internet that is online stock trading, you don't need to call up a broker. You can do online stock trading with a minimal investment you should get started today and then start learning about the stock market and choose the stocks you want to invest in.
Day Trading
Day trading is defined as the buying and selling of a security within a single trading day. It is designed to produce short-term profits. Day trading demands access to some of the most complex and sophisticated financial services and instruments in the markets. Trading with a stop-loss is extremely important for all traders to cut losses while they are still small, and to preserve their trading capital in case the market moves against their trade. Trading at certain times of the day is simply not profitable and in fact is highly risky. Day trading involves taking advantage of price movements in stocks within one trading day. Day trading strategies demand the use of leveraged or borrowed money to make profits. Day trading used to be the sole preserve of financial firms and professional investors and speculators. Day trading is however a mentally and psychologically challenging activity and is by no means meant for everyone. If you can't be highly disciplined and stick by predetermined selling points, day trading is not for you.
What is Technical Analysis?
Day trading is defined as the buying and selling of a security within a single trading day and market directions based on statistical analysis of variables such as trading volume, price changes, etc., to identify patterns. Research and examination of the market and securities as it relates to their supply and demand in the marketplace. The technician uses charts and computer programs to identify and project price trends. Now technical analysis has become increasingly popular. Technical analysts use their findings to predict probable, often short-term, trading patterns in the investments that they study. It suppose markets have memory. If so, past prices, or the current price momentum, can give an idea of the future price evolution.
What is Fundamental Analysis?
Fundamental analysis is about using real data to evaluate a security's value. Although most analysts use fundamental analysis to value stocks, this method of valuation can be used for just about any type of security. It is scientific study of the basic factors which determine a share's value. The analyst studies the industry and the company's sales, assets, liabilities, debt structure, earnings, products, market share; evaluates the company's management, compares the company with its competitors, and then estimates the share's intrinsic worth. More effective in fulfilling long - term growth objectives of shares, rather than their short - term price fluctuations.
The truth of the matter is that the market is a game of money flow played by the big players as they move money around from stocks, to options, to financial futures, and back and forth in a number of different ways, all in the pursuit of greed and large profits. And remember, I previously mentioned that "a good portion of that money is being made off the backs of the uninformed individual stock trader and investor who blindly trades and invests in the stock market today." The principle in the markets is "Buy when everyone else sells and sell when everyone else buys". Investors should know that when buying a stock they are simply buying ownership in the companies.
Day Trading
Day trading is defined as the buying and selling of a security within a single trading day. It is designed to produce short-term profits. Day trading demands access to some of the most complex and sophisticated financial services and instruments in the markets. Trading with a stop-loss is extremely important for all traders to cut losses while they are still small, and to preserve their trading capital in case the market moves against their trade. Trading at certain times of the day is simply not profitable and in fact is highly risky. Day trading involves taking advantage of price movements in stocks within one trading day. Day trading strategies demand the use of leveraged or borrowed money to make profits. Day trading used to be the sole preserve of financial firms and professional investors and speculators. Day trading is however a mentally and psychologically challenging activity and is by no means meant for everyone. If you can't be highly disciplined and stick by predetermined selling points, day trading is not for you.
What is Technical Analysis?
Day trading is defined as the buying and selling of a security within a single trading day and market directions based on statistical analysis of variables such as trading volume, price changes, etc., to identify patterns. Research and examination of the market and securities as it relates to their supply and demand in the marketplace. The technician uses charts and computer programs to identify and project price trends. Now technical analysis has become increasingly popular. Technical analysts use their findings to predict probable, often short-term, trading patterns in the investments that they study. It suppose markets have memory. If so, past prices, or the current price momentum, can give an idea of the future price evolution.
What is Fundamental Analysis?
Fundamental analysis is about using real data to evaluate a security's value. Although most analysts use fundamental analysis to value stocks, this method of valuation can be used for just about any type of security. It is scientific study of the basic factors which determine a share's value. The analyst studies the industry and the company's sales, assets, liabilities, debt structure, earnings, products, market share; evaluates the company's management, compares the company with its competitors, and then estimates the share's intrinsic worth. More effective in fulfilling long - term growth objectives of shares, rather than their short - term price fluctuations.
The truth of the matter is that the market is a game of money flow played by the big players as they move money around from stocks, to options, to financial futures, and back and forth in a number of different ways, all in the pursuit of greed and large profits. And remember, I previously mentioned that "a good portion of that money is being made off the backs of the uninformed individual stock trader and investor who blindly trades and invests in the stock market today." The principle in the markets is "Buy when everyone else sells and sell when everyone else buys". Investors should know that when buying a stock they are simply buying ownership in the companies.
Ten Rules on How to Invest on Success
For those who are avid readers of this site know that the Investors Business Daily or most commonly known as IBD, the financial publication mentored by William O’ Neil, is an indispensable tool for making and learning progress in investing.
Success in investment means diverse things to all kinds of people. O’ Neil and his group of portfolio managers accomplish success perhaps the way other people can’t. Having to manage someone else’s money, work as a trader for somebody else is totally dissimilar from having to manage you own, or having to invest the assets of your family.
The sole aim of this commentary is to give a precise way to learn the rules of investing and getting result from you investment.As the Bible would have its ten commandments, here are the ten most important investment rules laid out for you.
Rule One. Market Uptrend is Investment Append. This means you have the say. Just simply reading some key sections like the “Big Picture” in IBD on a day-to-day basis shall really facilitate this.
Rule Two. You should be focusing on what to buy. This recommends that you consider only those companies having unyielding earnings growth for the precedent three years, who have intensive sales income, with current quarterly earnings high above than their peers.
Rule 3. Focus now on what time to buy. You should be able to read charts, and know how to spot buy points. It also suggests that one should purchase stocks only when they are ranging 3-5% beginning on their buy point, and never buy when the price goes beyond more than 5% o their model buy point.
Rule 4. Focus now on which one to hold. Stocks in your portfolio need to execute. This is for the reason that if one stock does well, it can be a contender for accumulation; you should be able to identify which stock to keep and which one to let go..
Rule 5. The hardest rule of all. This suggests is derived from O’Neil saying that one should vend any stock that moves down to 7-8% under the main purchase price. So knowing which kinds of stocks to handle is a big help.
Rule 6. This rule suggests that one should not acquire stocks when they are way behind. One should keep away from buying stocks with high dividends, oversimplified criteria, small price-earning ratios, and that are cheap.
Rule 7. This rule suggests that the amount you will invest on (no matter the cost) should be divided proportionately amid 5 to 7 stocks. Once you are aware of the amount you should place in every stock, calculate the amount of shares it can allow for every stock.
Rule 8. This rule shall tell you how stocks are accumulated. Do investment in stages: buy first, and if it does well, add further shares.
Rule 9. This is the opposite of the last rule. While a stock goes down, it is a high moment to sell 50% of your shares.
Rule 10. This rule recommends that you check on what you are doing on a customary basis. Assess and re-assess.
Success in investment means diverse things to all kinds of people. O’ Neil and his group of portfolio managers accomplish success perhaps the way other people can’t. Having to manage someone else’s money, work as a trader for somebody else is totally dissimilar from having to manage you own, or having to invest the assets of your family.
The sole aim of this commentary is to give a precise way to learn the rules of investing and getting result from you investment.As the Bible would have its ten commandments, here are the ten most important investment rules laid out for you.
Rule One. Market Uptrend is Investment Append. This means you have the say. Just simply reading some key sections like the “Big Picture” in IBD on a day-to-day basis shall really facilitate this.
Rule Two. You should be focusing on what to buy. This recommends that you consider only those companies having unyielding earnings growth for the precedent three years, who have intensive sales income, with current quarterly earnings high above than their peers.
Rule 3. Focus now on what time to buy. You should be able to read charts, and know how to spot buy points. It also suggests that one should purchase stocks only when they are ranging 3-5% beginning on their buy point, and never buy when the price goes beyond more than 5% o their model buy point.
Rule 4. Focus now on which one to hold. Stocks in your portfolio need to execute. This is for the reason that if one stock does well, it can be a contender for accumulation; you should be able to identify which stock to keep and which one to let go..
Rule 5. The hardest rule of all. This suggests is derived from O’Neil saying that one should vend any stock that moves down to 7-8% under the main purchase price. So knowing which kinds of stocks to handle is a big help.
Rule 6. This rule suggests that one should not acquire stocks when they are way behind. One should keep away from buying stocks with high dividends, oversimplified criteria, small price-earning ratios, and that are cheap.
Rule 7. This rule suggests that the amount you will invest on (no matter the cost) should be divided proportionately amid 5 to 7 stocks. Once you are aware of the amount you should place in every stock, calculate the amount of shares it can allow for every stock.
Rule 8. This rule shall tell you how stocks are accumulated. Do investment in stages: buy first, and if it does well, add further shares.
Rule 9. This is the opposite of the last rule. While a stock goes down, it is a high moment to sell 50% of your shares.
Rule 10. This rule recommends that you check on what you are doing on a customary basis. Assess and re-assess.
Stock Exchange - Everyday Trading On The Stock Exchange
The stock markets are pretty unpredictable. One minute you could be excited and encouraged thanks to the fact that the stocks you invested in are booming, and the next you could be broken because the bull run reversed and the stock fell even lower than it started.
Obviously, a profit or a loss is calculated by comparing the prices of purchase and sales of the stocks.
Stock exchange trades usually are done in the day. This is because of the assumption that it is during the day, that most of the big companies around the world normally conduct business transactions.
As the saying goes, a work day cant ever be too long for stock trades. It is a common feeling that a work day is too short to negotiate all trades you wished to.
Stock trade transactions
Prior to the purchase and sale of stocks,one is expected to do some homework, meaning do some background checks on the companies you are planning to invest into.
The choice is solely yours, where you put your money in, or if you take out investment from a particular stock. Make sure you have a well thought out decision because your profits of commercial transactions will be based on this.
When you buy securities, you should inform your brokerage partner on your intention and the amount you would like to buy, on whatever stock.Make sure you have all adequate information on your choice of stock.
What good would it do to invest in a company on the edge of bankruptcy?
.Your money would soon disappear with the company's losses.
Evolution
In a time span of over 4 centuries, trading has gradually evolved to be a safer and better tool for investment.
Within this short period, the stock markets of Commerce have emerged as the largest and most widely used investment strategy in the world, across every market, from the third world to the American economy.
Any country's average economic performance is today judged and evaluated on the basis of how its local stock market trading or exchange is doing. This system of research in the economy should proliferate and spread over time.
Every day, as mentioned earlier, brings fresh threats and promises of new markets for stocks on the Exchange. Trading is not similar to trading the previous day.
Every day is just as promising and just as risk prone as the other day in the stock market. But one thing is certain, when you face a terrible day, you still have the hope that tomorrow will bring success.
This is one of the beauties of the rapid and happening stock trades exchange. Go ahead, try your own hand at it.
Obviously, a profit or a loss is calculated by comparing the prices of purchase and sales of the stocks.
Stock exchange trades usually are done in the day. This is because of the assumption that it is during the day, that most of the big companies around the world normally conduct business transactions.
As the saying goes, a work day cant ever be too long for stock trades. It is a common feeling that a work day is too short to negotiate all trades you wished to.
Stock trade transactions
Prior to the purchase and sale of stocks,one is expected to do some homework, meaning do some background checks on the companies you are planning to invest into.
The choice is solely yours, where you put your money in, or if you take out investment from a particular stock. Make sure you have a well thought out decision because your profits of commercial transactions will be based on this.
When you buy securities, you should inform your brokerage partner on your intention and the amount you would like to buy, on whatever stock.Make sure you have all adequate information on your choice of stock.
What good would it do to invest in a company on the edge of bankruptcy?
.Your money would soon disappear with the company's losses.
Evolution
In a time span of over 4 centuries, trading has gradually evolved to be a safer and better tool for investment.
Within this short period, the stock markets of Commerce have emerged as the largest and most widely used investment strategy in the world, across every market, from the third world to the American economy.
Any country's average economic performance is today judged and evaluated on the basis of how its local stock market trading or exchange is doing. This system of research in the economy should proliferate and spread over time.
Every day, as mentioned earlier, brings fresh threats and promises of new markets for stocks on the Exchange. Trading is not similar to trading the previous day.
Every day is just as promising and just as risk prone as the other day in the stock market. But one thing is certain, when you face a terrible day, you still have the hope that tomorrow will bring success.
This is one of the beauties of the rapid and happening stock trades exchange. Go ahead, try your own hand at it.
Top 5 Rules of Stock Trading
This article is for those who had some experience in stock picking and who have been through the agony or the thrills of losing or gaining money.
The very fact of stock trading is presence of emotions of losing money and risks associated with it.
None of the high money making instruments can guarantee you no risks. High risk means high gains and high losses as well. But there are some rules of stock trading which should be followed as they come from experience of traders rather than just a walk down the Wall Street rule book Here are the rules:
1. First and foremost decide what trade you are playing for. Is it a Buy today sells tomorrow? Is it a Long term bet on economy? Is it the merger and acquisition 5 % gain that you are playing for? Is it pure momentum play?
2. There is an unsaid rule which all the best on the street know and it is cut your losses and get out rather than being emotional about your trade. It is a trade and your reputation is not at stake. You can't be right all the times. The market is supreme.
3. Whenever you are making money have a realistic goal. A 17 % earning on a per year basis is a fantastic bet and one should not be greedy to just hold on to it till it doubles. Always take the profits and let others also make profits on the stocks.
4. Always have money for your immediate requirements and only after you have allocated for the insurance and household savings, should you be betting in the stock market. Never try to bet with the money you had saved for Buying your House.
5. Always buy on negative news and sell on good news. Market always discounts the future. Never try to play on news since the market has already discounted the news and you could be surprised to be a late entrant.With this we come to an end of the article "The 5 most important rules of stock trading".
The very fact of stock trading is presence of emotions of losing money and risks associated with it.
None of the high money making instruments can guarantee you no risks. High risk means high gains and high losses as well. But there are some rules of stock trading which should be followed as they come from experience of traders rather than just a walk down the Wall Street rule book Here are the rules:
1. First and foremost decide what trade you are playing for. Is it a Buy today sells tomorrow? Is it a Long term bet on economy? Is it the merger and acquisition 5 % gain that you are playing for? Is it pure momentum play?
2. There is an unsaid rule which all the best on the street know and it is cut your losses and get out rather than being emotional about your trade. It is a trade and your reputation is not at stake. You can't be right all the times. The market is supreme.
3. Whenever you are making money have a realistic goal. A 17 % earning on a per year basis is a fantastic bet and one should not be greedy to just hold on to it till it doubles. Always take the profits and let others also make profits on the stocks.
4. Always have money for your immediate requirements and only after you have allocated for the insurance and household savings, should you be betting in the stock market. Never try to bet with the money you had saved for Buying your House.
5. Always buy on negative news and sell on good news. Market always discounts the future. Never try to play on news since the market has already discounted the news and you could be surprised to be a late entrant.With this we come to an end of the article "The 5 most important rules of stock trading".
Ten Rules on How to Invest on Success
For those who are avid readers of this site know that the Investors Business Daily or most commonly known as IBD, the financial publication mentored by William O’ Neil, is an indispensable tool for making and learning progress in investing.
Success in investment means diverse things to all kinds of people. O’ Neil and his group of portfolio managers accomplish success perhaps the way other people can’t. Having to manage someone else’s money, work as a trader for somebody else is totally dissimilar from having to manage you own, or having to invest the assets of your family.
The sole aim of this commentary is to give a precise way to learn the rules of investing and getting result from you investment.
As the Bible would have its ten commandments, here are the ten most important investment rules laid out for you.
Rule One. Market Uptrend is Investment Append. This means you have the say. Just simply reading some key sections like the “Big Picture” in IBD on a day-to-day basis shall really facilitate this.
Rule Two. You should be focusing on what to buy. This recommends that you consider only those companies having unyielding earnings growth for the precedent three years, who have intensive sales income, with current quarterly earnings high above than their peers.
Rule 3. Focus now on what time to buy. You should be able to read charts, and know how to spot buy points.
It also suggests that one should purchase stocks only when they are ranging 3-5% beginning on their buy point, and never buy when the price goes beyond more than 5% o their model buy point.Rule 4. Focus now on which one to hold. Stocks in your portfolio need to execute. This is for the reason that if one stock does well, it can be a contender for accumulation; you should be able to identify which stock to keep and which one to let go.
.Rule 5. The hardest rule of all. This suggests is derived from O’Neil saying that one should vend any stock that moves down to 7-8% under the main purchase price. So knowing which kinds of stocks to handle is a big help.
Rule 6. This rule suggests that one should not acquire stocks when they are way behind. One should keep away from buying stocks with high dividends, oversimplified criteria, small price-earning ratios, and that are cheap.
Rule 7. This rule suggests that the amount you will invest on (no matter the cost) should be divided proportionately amid 5 to 7 stocks. Once you are aware of the amount you should place in every stock, calculate the amount of shares it can allow for every stock.
Rule 8. This rule shall tell you how stocks are accumulated. Do investment in stages: buy first, and if it does well, add further shares.
Rule 9. This is the opposite of the last rule. While a stock goes down, it is a high moment to sell 50% of your shares.
Rule 10. This rule recommends that you check on what you are doing on a customary basis. Assess and re-assess.
Success in investment means diverse things to all kinds of people. O’ Neil and his group of portfolio managers accomplish success perhaps the way other people can’t. Having to manage someone else’s money, work as a trader for somebody else is totally dissimilar from having to manage you own, or having to invest the assets of your family.
The sole aim of this commentary is to give a precise way to learn the rules of investing and getting result from you investment.
As the Bible would have its ten commandments, here are the ten most important investment rules laid out for you.
Rule One. Market Uptrend is Investment Append. This means you have the say. Just simply reading some key sections like the “Big Picture” in IBD on a day-to-day basis shall really facilitate this.
Rule Two. You should be focusing on what to buy. This recommends that you consider only those companies having unyielding earnings growth for the precedent three years, who have intensive sales income, with current quarterly earnings high above than their peers.
Rule 3. Focus now on what time to buy. You should be able to read charts, and know how to spot buy points.
It also suggests that one should purchase stocks only when they are ranging 3-5% beginning on their buy point, and never buy when the price goes beyond more than 5% o their model buy point.Rule 4. Focus now on which one to hold. Stocks in your portfolio need to execute. This is for the reason that if one stock does well, it can be a contender for accumulation; you should be able to identify which stock to keep and which one to let go.
.Rule 5. The hardest rule of all. This suggests is derived from O’Neil saying that one should vend any stock that moves down to 7-8% under the main purchase price. So knowing which kinds of stocks to handle is a big help.
Rule 6. This rule suggests that one should not acquire stocks when they are way behind. One should keep away from buying stocks with high dividends, oversimplified criteria, small price-earning ratios, and that are cheap.
Rule 7. This rule suggests that the amount you will invest on (no matter the cost) should be divided proportionately amid 5 to 7 stocks. Once you are aware of the amount you should place in every stock, calculate the amount of shares it can allow for every stock.
Rule 8. This rule shall tell you how stocks are accumulated. Do investment in stages: buy first, and if it does well, add further shares.
Rule 9. This is the opposite of the last rule. While a stock goes down, it is a high moment to sell 50% of your shares.
Rule 10. This rule recommends that you check on what you are doing on a customary basis. Assess and re-assess.
The Stock Market Drop - How to Make Money in a Tough Economy
Imagine your friends laughing when you say you made a lot of money as the stock market dropped. Then imagine their faces when you show them your incredible gains. They won't laugh any more. They'll beg for help.
Everybody loves it when the stock market goes up. Many people panic when it falls. But they don't need to. An American market exists that allows traders to make money regardless of whether stocks are going up or down.Professional investors know how to hedge their bet. They take precautions because they know the economy will move through various cycles. What goes up will eventually come down.
The common man and woman are different. They assume investing is difficult so they don't take time to learn simple methods that might benefit their lifelong effort to get ahead. They throw their money into mutual funds or a 401-K account and hope for the best. This may work when things are going well in the financial markets. In a crisis, this method will be the cause of many a sleepless night.
Every family could use some extra money each month. And it's not a pipe dream, if you are capable of taking simple direction and absorbing new information.
Here's how you to make money when the stock market falls: hedge your bet by trading the mini-sized Dow Jones futures market.
I know what you're thinking. Futures?! Isn't that a great way to lose money? My answer: Have you ever lost money in the stock market?Today's economic conditions should be a reminder that our money is always at risk. Yesterday's victories may be tomorrow's defeats. All the more reason to hedge - always - your most important investments.
The mini-sized Dow Jones electronic market is global and stays open for business throughout the night and into the next day. It closes briefly at the end of each business day, all day Saturday, then opens again late Sunday afternoon. Plenty of time to access and manage your online account.
One significant reason for learning this market is its simplicity. You can learn to trade the market up and down - and it's all legal. For people who have only traded stocks, it is sometimes difficult to understand how a futures trader can make money when a market drops. But it's true, it can be done, without breaking any laws.
This is not true of some "short selling" that takes place in the stock market. Some rogue brokerages break Securities and Exchange Commission rules and in the process rob good, honest investors. That is not what I'm suggesting. But that illegal practice is precisely why you would be wise to learn how to hedge your stock portfolio with the mini-sized Dow Jones futures market.
There are many tutorials to help you understand how to trade this market. Google "mini-sized Dow Jones" or "the mini-Dow" and you'll have plenty to choose from.
But don't fall for offers that ask you to pay big bucks for software and platforms you won't need. I'm not suggesting you day trade - not at first anyway. So choose a guidebook that is modestly priced and then learn as much as you can from it before buying your next book.
The Chicago Board of Trade and the CME Group Exchange websites offer good, free information to help you understand the basics of trading futures. Take full advantage.Finally, be a specialist. Master the one market that can do you the most good. The mini-sized Dow Jones stock index will be enormously beneficial if you have long-term or short-term stock investments. You'll soon realize that by concentrating on one market you don't have to be Warren Buffet to make smart moves.
Everybody loves it when the stock market goes up. Many people panic when it falls. But they don't need to. An American market exists that allows traders to make money regardless of whether stocks are going up or down.Professional investors know how to hedge their bet. They take precautions because they know the economy will move through various cycles. What goes up will eventually come down.
The common man and woman are different. They assume investing is difficult so they don't take time to learn simple methods that might benefit their lifelong effort to get ahead. They throw their money into mutual funds or a 401-K account and hope for the best. This may work when things are going well in the financial markets. In a crisis, this method will be the cause of many a sleepless night.
Every family could use some extra money each month. And it's not a pipe dream, if you are capable of taking simple direction and absorbing new information.
Here's how you to make money when the stock market falls: hedge your bet by trading the mini-sized Dow Jones futures market.
I know what you're thinking. Futures?! Isn't that a great way to lose money? My answer: Have you ever lost money in the stock market?Today's economic conditions should be a reminder that our money is always at risk. Yesterday's victories may be tomorrow's defeats. All the more reason to hedge - always - your most important investments.
The mini-sized Dow Jones electronic market is global and stays open for business throughout the night and into the next day. It closes briefly at the end of each business day, all day Saturday, then opens again late Sunday afternoon. Plenty of time to access and manage your online account.
One significant reason for learning this market is its simplicity. You can learn to trade the market up and down - and it's all legal. For people who have only traded stocks, it is sometimes difficult to understand how a futures trader can make money when a market drops. But it's true, it can be done, without breaking any laws.
This is not true of some "short selling" that takes place in the stock market. Some rogue brokerages break Securities and Exchange Commission rules and in the process rob good, honest investors. That is not what I'm suggesting. But that illegal practice is precisely why you would be wise to learn how to hedge your stock portfolio with the mini-sized Dow Jones futures market.
There are many tutorials to help you understand how to trade this market. Google "mini-sized Dow Jones" or "the mini-Dow" and you'll have plenty to choose from.
But don't fall for offers that ask you to pay big bucks for software and platforms you won't need. I'm not suggesting you day trade - not at first anyway. So choose a guidebook that is modestly priced and then learn as much as you can from it before buying your next book.
The Chicago Board of Trade and the CME Group Exchange websites offer good, free information to help you understand the basics of trading futures. Take full advantage.Finally, be a specialist. Master the one market that can do you the most good. The mini-sized Dow Jones stock index will be enormously beneficial if you have long-term or short-term stock investments. You'll soon realize that by concentrating on one market you don't have to be Warren Buffet to make smart moves.
Friday, February 13, 2009
Bank of America or THE Bank of America?
Fears that the struggling bank may be nationalized have resurfaced as BofA's stock hits a nearly 20-year low. Some think CEO Ken Lewis needs to step down.
NEW YORK (CNNMoney.com) -- Is Bank of America literally destined to become THE Bank of America?
The Charlotte-based banking giant has already received $45 billion in taxpayer money. And the scary thing is that some think it may need even more to survive....possibly even an outright takeover by the government.
Shares tumbled nearly 18% early Thursday morning before bouncing back sharply later in the day and clawing into positive territory. Shares finished up 4%
But at one point Thursday, the stock was trading below $4 a share, its lowest point in more than 20 years.
That followed an 11% plunge Wednesday amid renewed speculation of nationalization.
BofA (BAC, Fortune 500) is struggling to digest the acquisitions of Merrill Lynch and mortgage lender Countrywide, and nothing it has done lately has given investors reason to be hopeful.
On Wednesday, BofA said that to cut costs it would sell three of its corporate jets and a helicopter it inherited in the Merrill deal.
Talkback: Should the government nationalize BofA?
Last week, the bank unveiled what it called its Lending and Investing Initiative, essentially a promise to track and report how it is using money from the government's Troubled Asset Relief Program, or TARP.
But those moves have been rightfully ignored by investors as little more than attempts to boost the bank's image.
BofA is hardly the only bank that has gotten whacked this week. Also getting hit were Citigroup (C, Fortune 500), JPMorgan Chase (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500).
That's largely due to concerns that the Obama administration might not actually unveil a plan for a so-called "aggregator bank" to buy up the spoiled assets sitting on many banks' balance sheets.
But BofA's stock has been the worst performer by far in recent days. Simply put, the continued weakness in BofA's shares is a sign that something drastic has to be done...stat.
Andrew Marquardt, an analyst with Fox-Pitt Kelton Cochran Caronia Waller, wrote in a research note Thursday morning that there needs to be "new leadership with a clear and consistent strategic plan to manage through the existing tough period."
"Inconsistency and poor vision at the helm has added to lack of conviction and confidence by investors and analysts," he added.
Is Lewis' job safe?
So far, BofA CEO Ken Lewis has continued to have the backing of his company's board of directors. But how much longer will that be the case? Former Merrill CEO John Thain has already lost his job. A spokesperson for Bank of America would not comment about the company's stock price or Lewis' status.
Some are calling for Lewis to go next. Jerry Finger, an investor who owns more than a million shares of BofA through his Houston-based firm Finger Interests, has said in various interviews that he would like to see Lewis step down.
Finger, who could not immediately be reached for comment, is leading a class-action lawsuit against the company. In the complaint, the plaintiffs allege that Lewis and Thain failed to protect shareholder interests when hammering out the BofA-Merrill deal.
But Lewis still has some fans. Richard Bove, an analyst with Ladenburg Thalmann, wrote in a report Thursday morning that "Ken Lewis may be the best operating manager of any bank in the United States."
Bove added that even though "investors believe that this bank is about to fail and be nationalized by the United States government," he thinks that "these fears simply make no sense whatsoever."
He pointed out that BofA, despite its fourth-quarter loss, is still cash-flow positive and that the bank reported a net increase in deposits of nearly $9 billion in the quarter.
Dan Genter, president and CEO of RNC Genter Capital Management, an investment firm in Los Angeles with about $2.7 billion in assets, added that bringing in a new CEO would not necessarily solve the bank's problems. But he conceded that Lewis' job could be in danger.
"I'm hoping they don't make a change. But this is an atmosphere that's punitive. The market is rewarding revenge to some degree," said Genter, whose firm owns a small stake in BofA.
And one hedge fund manager that used to own shares of BofA and Merrill Lynch last year said that he thinks Citigroup is in more trouble than BofA because of Citi's bigger exposure to bad trading bets.
"Nobody really knows what's on Bank of America's balance sheet. But I think you have to draw a distinction between them and Citigroup," said Morris Mark, president of Mark Asset Group, a New York-based hedge fund firm.
Nonetheless, an analyst with one investment firm that sold its stake in BofA late last year said Lewis does deserve blame for taking on all the risks that came with trying to digest two sizable mergers in the face of a severe economic slump.
"Lewis could have weathered this downturn if it was just Bank of America and its assets, but now he's got to deal with Countrywide and Merrill, whose problems I don't think he fully understood," said Virge Trotter, a senior analyst with Manning & Napier Advisors, a money management firm based in Rochester, N.Y.
Trotter added that BofA arguably could have gotten better deals for both Countrywide and Merrill Lynch if they were allowed to collapse first.
He noted how JPMorgan Chase CEO Jamie Dimon waited until he got loan guarantees from the Federal Reserve before deciding to buy investment bank Bear Stearns. And JPMorgan Chase didn't pounce on savings and loan Washington Mutual until after the savings and loan failed and was seized by the FDIC.
NEW YORK (CNNMoney.com) -- Is Bank of America literally destined to become THE Bank of America?
The Charlotte-based banking giant has already received $45 billion in taxpayer money. And the scary thing is that some think it may need even more to survive....possibly even an outright takeover by the government.
Shares tumbled nearly 18% early Thursday morning before bouncing back sharply later in the day and clawing into positive territory. Shares finished up 4%
But at one point Thursday, the stock was trading below $4 a share, its lowest point in more than 20 years.
That followed an 11% plunge Wednesday amid renewed speculation of nationalization.
BofA (BAC, Fortune 500) is struggling to digest the acquisitions of Merrill Lynch and mortgage lender Countrywide, and nothing it has done lately has given investors reason to be hopeful.
On Wednesday, BofA said that to cut costs it would sell three of its corporate jets and a helicopter it inherited in the Merrill deal.
Talkback: Should the government nationalize BofA?
Last week, the bank unveiled what it called its Lending and Investing Initiative, essentially a promise to track and report how it is using money from the government's Troubled Asset Relief Program, or TARP.
But those moves have been rightfully ignored by investors as little more than attempts to boost the bank's image.
BofA is hardly the only bank that has gotten whacked this week. Also getting hit were Citigroup (C, Fortune 500), JPMorgan Chase (JPM, Fortune 500) and Wells Fargo (WFC, Fortune 500).
That's largely due to concerns that the Obama administration might not actually unveil a plan for a so-called "aggregator bank" to buy up the spoiled assets sitting on many banks' balance sheets.
But BofA's stock has been the worst performer by far in recent days. Simply put, the continued weakness in BofA's shares is a sign that something drastic has to be done...stat.
Andrew Marquardt, an analyst with Fox-Pitt Kelton Cochran Caronia Waller, wrote in a research note Thursday morning that there needs to be "new leadership with a clear and consistent strategic plan to manage through the existing tough period."
"Inconsistency and poor vision at the helm has added to lack of conviction and confidence by investors and analysts," he added.
Is Lewis' job safe?
So far, BofA CEO Ken Lewis has continued to have the backing of his company's board of directors. But how much longer will that be the case? Former Merrill CEO John Thain has already lost his job. A spokesperson for Bank of America would not comment about the company's stock price or Lewis' status.
Some are calling for Lewis to go next. Jerry Finger, an investor who owns more than a million shares of BofA through his Houston-based firm Finger Interests, has said in various interviews that he would like to see Lewis step down.
Finger, who could not immediately be reached for comment, is leading a class-action lawsuit against the company. In the complaint, the plaintiffs allege that Lewis and Thain failed to protect shareholder interests when hammering out the BofA-Merrill deal.
But Lewis still has some fans. Richard Bove, an analyst with Ladenburg Thalmann, wrote in a report Thursday morning that "Ken Lewis may be the best operating manager of any bank in the United States."
Bove added that even though "investors believe that this bank is about to fail and be nationalized by the United States government," he thinks that "these fears simply make no sense whatsoever."
He pointed out that BofA, despite its fourth-quarter loss, is still cash-flow positive and that the bank reported a net increase in deposits of nearly $9 billion in the quarter.
Dan Genter, president and CEO of RNC Genter Capital Management, an investment firm in Los Angeles with about $2.7 billion in assets, added that bringing in a new CEO would not necessarily solve the bank's problems. But he conceded that Lewis' job could be in danger.
"I'm hoping they don't make a change. But this is an atmosphere that's punitive. The market is rewarding revenge to some degree," said Genter, whose firm owns a small stake in BofA.
And one hedge fund manager that used to own shares of BofA and Merrill Lynch last year said that he thinks Citigroup is in more trouble than BofA because of Citi's bigger exposure to bad trading bets.
"Nobody really knows what's on Bank of America's balance sheet. But I think you have to draw a distinction between them and Citigroup," said Morris Mark, president of Mark Asset Group, a New York-based hedge fund firm.
Nonetheless, an analyst with one investment firm that sold its stake in BofA late last year said Lewis does deserve blame for taking on all the risks that came with trying to digest two sizable mergers in the face of a severe economic slump.
"Lewis could have weathered this downturn if it was just Bank of America and its assets, but now he's got to deal with Countrywide and Merrill, whose problems I don't think he fully understood," said Virge Trotter, a senior analyst with Manning & Napier Advisors, a money management firm based in Rochester, N.Y.
Trotter added that BofA arguably could have gotten better deals for both Countrywide and Merrill Lynch if they were allowed to collapse first.
He noted how JPMorgan Chase CEO Jamie Dimon waited until he got loan guarantees from the Federal Reserve before deciding to buy investment bank Bear Stearns. And JPMorgan Chase didn't pounce on savings and loan Washington Mutual until after the savings and loan failed and was seized by the FDIC.
Record date for Aro Granite Industries bonus issue
We are bringing one more bonus issue record date for you today and that is for Aro Granite Industries. The bonus issue for this company is declared as 30 September 2008.Aro Granite Industries has fixed 30 September 2008 as the record date for the purpose of reckoning the members eligible for the bonus equity shares in the ratio of 1:2.The company made this announcement during the trading hours on Tuesday, 09 September 2008. Please stick to the blog for more such bonus issue record date updates for no cost at all.
VistaPrint.com - Solution for Graphic Design and Custom Printing
When it comes down to printing technology, VistaPrint is the name coming up on everyone's mind. VistaPrint is making high-quality graphic design and custom printing convenient and affordable for everyone.They provide high quality graphic design, Internet printing and many other premium services covering all your personal as well as business aspects.Their state-of-the-art technology enables them to deliver high quality printing solution without charging more. And this is how customers get high quality products are the lowest price.Whether you need business cards, letterhead and brochures for a small business or 10 unique, custom printed invitations for a child’s birthday party, they offer premium quality products and services at a surprisingly affordable price.One can also order Rubber Stamps. If you use the online coupon code "Stamp25", you would get 25% off rubber stamps at checkout. You can proceed to place orders from VistaPrint.co.uk in either two ways. One is to use the VistaPrint’s online tools to design products from scratch, picking from thousands of professionally designed templates, searching their image bank of over 70,000 images, or uploading graphics and photos or else design what you need in a desktop publishing program and then upload the designs to VistaPrint. So basically go ahead with whichever works for you.
VistaPrint.com - Solution for Graphic Design and Custom Printing
When it comes down to printing technology, VistaPrint is the name coming up on everyone's mind. VistaPrint is making high-quality graphic design and custom printing convenient and affordable for everyone.They provide high quality graphic design, Internet printing and many other premium services covering all your personal as well as business aspects.Their state-of-the-art technology enables them to deliver high quality printing solution without charging more. And this is how customers get high quality products are the lowest price.Whether you need business cards, letterhead and brochures for a small business or 10 unique, custom printed invitations for a child’s birthday party, they offer premium quality products and services at a surprisingly affordable price.One can also order Rubber Stamps. If you use the online coupon code "Stamp25", you would get 25% off rubber stamps at checkout. You can proceed to place orders from VistaPrint.co.uk in either two ways. One is to use the VistaPrint’s online tools to design products from scratch, picking from thousands of professionally designed templates, searching their image bank of over 70,000 images, or uploading graphics and photos or else design what you need in a desktop publishing program and then upload the designs to VistaPrint. So basically go ahead with whichever works for you.
Reliance Power Free Bonus Shares
Reliance Power Board will give free bonus shares to all it’s shareholders to compensate the losses everyone of us suffered when the company was listed a week ago and now trading at Rs 375.The company said its board would consider the free bonus shares at a meeting next Sunday, February 24, to benefit over four million of its investors and the cost would be accepted by promoter group by way of diluting its shareholders.
Hospitality Shares go down after terrorist attacks
After terrorist attacks on 26th Nov evening on two iconic south Mumbai hotels in our financial capital Mumbai, three hospitality shares slumped by 4% to 11%.Indian Hotels Company, EIH and Hotel Leela Ventures slipped by 3.89% to 11.46%Terrorists armed with grenades and rifles stormed into the Taj Mahal Palace and Oberoi hotel late on Wednesday, 26 November 2008.Indian Hotels Company operates Taj Group of Hotels and EIH operates Oberoi Group of Hotels.Mumbai's five star hotels, which have been already hit by the ongoing economic slowdown, will face even more downturn after Wednesday's (26 November 2008) terror attacks in an otherwise busy season that begins in October every year.
Friday, February 6, 2009
Financial market
In economics, a financial market is a mechanism that allows people to easily buy and sell (trade) financial securities (such as stocks and bonds), commodities (such as precious metals or agricultural goods), and other fungible items of value at low transaction costs and at prices that reflect the efficient-market hypothesis.
Financial markets have evolved significantly over several hundred years and are undergoing constant innovation to improve liquidity.
Both general markets (where many commodities are traded) and specialized markets (where only one commodity is traded) exist. Markets work by placing many interested buyers and sellers in one "place", thus making it easier for them to find each other. An economy which relies primarily on interactions between buyers and sellers to allocate resources is known as a market economy in contrast either to a command economy or to a non-market economy such as a gift economy.
In finance, financial markets facilitate –
The raising of capital (in the capital markets);
The transfer of risk (in the derivatives markets);
International trade (in the currency markets)
– and are used to match those who want capital to those who have it.
Typically a borrower issues a receipt to the lender promising to pay back the capital. These receipts are securities which may be freely bought or sold. In return for lending money to the borrower, the lender will expect some compensation in the form of interest or dividends
Financial markets have evolved significantly over several hundred years and are undergoing constant innovation to improve liquidity.
Both general markets (where many commodities are traded) and specialized markets (where only one commodity is traded) exist. Markets work by placing many interested buyers and sellers in one "place", thus making it easier for them to find each other. An economy which relies primarily on interactions between buyers and sellers to allocate resources is known as a market economy in contrast either to a command economy or to a non-market economy such as a gift economy.
In finance, financial markets facilitate –
The raising of capital (in the capital markets);
The transfer of risk (in the derivatives markets);
International trade (in the currency markets)
– and are used to match those who want capital to those who have it.
Typically a borrower issues a receipt to the lender promising to pay back the capital. These receipts are securities which may be freely bought or sold. In return for lending money to the borrower, the lender will expect some compensation in the form of interest or dividends
Algorithmic trading in foreign exchange
Electronic trading is growing in the FX market, and algorithmic trading is becoming much more common. According to financial consultancy Celent estimates, by 2008 up to 25% of all trades by volume will be executed using algorithm, up from about 18% in 2005.[citation needed]
Financial instruments
] Spot
A spot transaction is a two-day delivery transaction (except in the case of the Canadian dollar and the Mexican Nuevo Peso, which settle the next day), as opposed to the futures contracts, which are usually three months. This trade represents a “direct exchange” between two currencies, has the shortest time frame, involves cash rather than a contract; and interest is not included in the agreed-upon transaction. The data for this study come from the spot market. Spot transactions has the second largest turnover by volume after Swap transactions among all FX transactions in the Global FX market.
[Forward
See also: forward contract
One way to deal with the foreign exchange risk is to engage in a forward transaction. In this transaction, money does not actually change hands until some agreed upon future date. A buyer and seller agree on an exchange rate for any date in the future, and the transaction occurs on that date, regardless of what the market rates are then. The duration of the trade can be a one day, a few days, months or years.
[Future
Main article: currency future
Foreign currency futures are exchange traded forward transactions with standard contract sizes and maturity dates — for example, $1000 for next November at an agreed rate [4],[5]. Futures are standardized and are usually traded on an exchange created for this purpose. The average contract length is roughly 3 months. Futures contracts are usually inclusive of any interest amounts.
[Swap
Main article: foreign exchange swap
The most common type of forward transaction is the currency swap. In a swap, two parties exchange currencies for a certain length of time and agree to reverse the transaction at a later date. These are not standardized contracts and are not traded through an exchange.
[edit] Option
Main article: foreign exchange option
A foreign exchange option (commonly shortened to just FX option) is a derivative where the owner has the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. The FX options market is the deepest, largest and most liquid market for options of any kind in the world.
Exchange Traded Fund
Main article: exchange-traded fund
Exchange-traded funds (or ETFs) are open ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g., SPY), but recently they are now replicating investments in the currency markets with the ETF increasing in value when the US Dollar weakens versus a specific currency, such as the Euro. Certain of these funds track the price movements of world currencies versus the US Dollar, and increase in value directly counter to the US Dollar, allowing for speculation in the US Dollar for US and US Dollar denominated investors and speculators.
Speculation
Controversy about currency speculators and their effect on currency devaluations and national economies recurs regularly. Nevertheless, economists including Milton Friedman have argued that speculators ultimately are a stabilizing influence on the market and perform the important function of providing a market for hedgers and transferring risk from those people who don't wish to bear it, to those who do.[13] Other economists such as Joseph Stiglitz consider this argument to be based more on politics and a free market philosophy than on economics.[14]
Large hedge funds and other well capitalized "position traders" are the main professional speculators.
Currency speculation is considered a highly suspect activity in many countries. While investment in traditional financial instruments like bonds or stocks often is considered to contribute positively to economic growth by providing capital, currency speculation does not; according to this view, it is simply gambling that often interferes with economic policy. For example, in 1992, currency speculation forced the Central Bank of Sweden to raise interest rates for a few days to 500% per annum, and later to devalue the krona.[15] Former Malaysian Prime Minister Mahathir Mohamad is one well known proponent of this view. He blamed the devaluation of the Malaysian ringgit in 1997 on George Soros and other speculators.
Gregory Millman reports on an opposing view, comparing speculators to "vigilantes" who simply help "enforce" international agreements and anticipate the effects of basic economic "laws" in order to profit.
In this view, countries may develop unsustainable financial bubbles or otherwise mishandle their national economies, and foreign exchange speculators allegedly made the inevitable collapse happen sooner. A relatively quick collapse might even be preferable to continued economic mishandling. Mahathir Mohamad and other critics of speculation are viewed as trying to deflect the blame from themselves for having caused the unsustainable economic conditions. Given that Malaysia recovered quickly after imposing currency controls directly against IMF advice, this view is open to doubt.
References
^ a b c Triennial Central Bank Survey (December 2007), Bank for International Settlements.
^ a b Annual FX poll (May 2008), Euromoney.
^ Source: Euromoney FX survey FX Poll 2008: The Euromoney FX survey is the largest global poll of foreign exchange service providers.'
^ http://www.ifsl.org.uk/upload/CBS_Foreign_Exchange_2007.pdf (December 2007), International Financial Services, London.
^ Alan Greenspan, The Roots of the Mortgage Crisis: Bubbles cannot be safely defused by monetary policy before the speculative fever breaks on its own. , the Wall Street Journal, December 12, 2007
^ McKay, Peter A. (2005-07-26). "Scammers Operating on Periphery Of CFTC's Domain Lure Little Guy With Fantastic Promises of Profits". The Wall Street Journal (Dow Jones and Company). http://online.wsj.com/article/SB112233850336095645.html?mod=Markets-Main. Retrieved on 31 October 2007.
^ Egan, Jack (2005-06-19). "Check the Currency Risk. Then Multiply by 100". The New York Times. http://www.nytimes.com/2005/06/19/business/yourmoney/19fore.html?_r=2&adxnnl=1&oref=slogin&adxnnlx=1191337503-g1yHfewhqPWye0XtI+Eq0A&oref=slogin. Retrieved on 30 October 2007.
^ The Sunday Times (UK), 16 July 2006
^ Safe haven currency
^ John J. Murphy, Technical Analysis of the Financial Markets (New York Institute of Finance, 1999), pp. 343–375.
^ Investopedia
^ Sam Y. Cross, All About the Foreign Exchange Market in the United States, Federal Reserve Bank of New York (1998), chapter 11, pp. 113–115.
^ Michael A. S. Guth, "Profitable Destabilizing Speculation," Chapter 1 in Michael A. S. Guth, SPECULATIVE BEHAVIOR AND THE OPERATION OF COMPETITIVE MARKETS UNDER UNCERTAINTY, Avebury Ashgate Publishing, Aldorshot, England (1994), ISBN 1856289850.
^ What I Learned at the World Economic Crisis Joseph Stiglitz, The New Republic, April 17, 2000, reprinted at GlobalPolicy.org
^ But Don't Rush Out to Buy Kronor: Sweden's 500% Gamble - International Herald Tribune
^ a b Gregory J. Millman, Around the World on a Trillion Dollars a Day, Bantam Press, New York, 1995
Financial instruments
] Spot
A spot transaction is a two-day delivery transaction (except in the case of the Canadian dollar and the Mexican Nuevo Peso, which settle the next day), as opposed to the futures contracts, which are usually three months. This trade represents a “direct exchange” between two currencies, has the shortest time frame, involves cash rather than a contract; and interest is not included in the agreed-upon transaction. The data for this study come from the spot market. Spot transactions has the second largest turnover by volume after Swap transactions among all FX transactions in the Global FX market.
[Forward
See also: forward contract
One way to deal with the foreign exchange risk is to engage in a forward transaction. In this transaction, money does not actually change hands until some agreed upon future date. A buyer and seller agree on an exchange rate for any date in the future, and the transaction occurs on that date, regardless of what the market rates are then. The duration of the trade can be a one day, a few days, months or years.
[Future
Main article: currency future
Foreign currency futures are exchange traded forward transactions with standard contract sizes and maturity dates — for example, $1000 for next November at an agreed rate [4],[5]. Futures are standardized and are usually traded on an exchange created for this purpose. The average contract length is roughly 3 months. Futures contracts are usually inclusive of any interest amounts.
[Swap
Main article: foreign exchange swap
The most common type of forward transaction is the currency swap. In a swap, two parties exchange currencies for a certain length of time and agree to reverse the transaction at a later date. These are not standardized contracts and are not traded through an exchange.
[edit] Option
Main article: foreign exchange option
A foreign exchange option (commonly shortened to just FX option) is a derivative where the owner has the right but not the obligation to exchange money denominated in one currency into another currency at a pre-agreed exchange rate on a specified date. The FX options market is the deepest, largest and most liquid market for options of any kind in the world.
Exchange Traded Fund
Main article: exchange-traded fund
Exchange-traded funds (or ETFs) are open ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g., SPY), but recently they are now replicating investments in the currency markets with the ETF increasing in value when the US Dollar weakens versus a specific currency, such as the Euro. Certain of these funds track the price movements of world currencies versus the US Dollar, and increase in value directly counter to the US Dollar, allowing for speculation in the US Dollar for US and US Dollar denominated investors and speculators.
Speculation
Controversy about currency speculators and their effect on currency devaluations and national economies recurs regularly. Nevertheless, economists including Milton Friedman have argued that speculators ultimately are a stabilizing influence on the market and perform the important function of providing a market for hedgers and transferring risk from those people who don't wish to bear it, to those who do.[13] Other economists such as Joseph Stiglitz consider this argument to be based more on politics and a free market philosophy than on economics.[14]
Large hedge funds and other well capitalized "position traders" are the main professional speculators.
Currency speculation is considered a highly suspect activity in many countries. While investment in traditional financial instruments like bonds or stocks often is considered to contribute positively to economic growth by providing capital, currency speculation does not; according to this view, it is simply gambling that often interferes with economic policy. For example, in 1992, currency speculation forced the Central Bank of Sweden to raise interest rates for a few days to 500% per annum, and later to devalue the krona.[15] Former Malaysian Prime Minister Mahathir Mohamad is one well known proponent of this view. He blamed the devaluation of the Malaysian ringgit in 1997 on George Soros and other speculators.
Gregory Millman reports on an opposing view, comparing speculators to "vigilantes" who simply help "enforce" international agreements and anticipate the effects of basic economic "laws" in order to profit.
In this view, countries may develop unsustainable financial bubbles or otherwise mishandle their national economies, and foreign exchange speculators allegedly made the inevitable collapse happen sooner. A relatively quick collapse might even be preferable to continued economic mishandling. Mahathir Mohamad and other critics of speculation are viewed as trying to deflect the blame from themselves for having caused the unsustainable economic conditions. Given that Malaysia recovered quickly after imposing currency controls directly against IMF advice, this view is open to doubt.
References
^ a b c Triennial Central Bank Survey (December 2007), Bank for International Settlements.
^ a b Annual FX poll (May 2008), Euromoney.
^ Source: Euromoney FX survey FX Poll 2008: The Euromoney FX survey is the largest global poll of foreign exchange service providers.'
^ http://www.ifsl.org.uk/upload/CBS_Foreign_Exchange_2007.pdf (December 2007), International Financial Services, London.
^ Alan Greenspan, The Roots of the Mortgage Crisis: Bubbles cannot be safely defused by monetary policy before the speculative fever breaks on its own. , the Wall Street Journal, December 12, 2007
^ McKay, Peter A. (2005-07-26). "Scammers Operating on Periphery Of CFTC's Domain Lure Little Guy With Fantastic Promises of Profits". The Wall Street Journal (Dow Jones and Company). http://online.wsj.com/article/SB112233850336095645.html?mod=Markets-Main. Retrieved on 31 October 2007.
^ Egan, Jack (2005-06-19). "Check the Currency Risk. Then Multiply by 100". The New York Times. http://www.nytimes.com/2005/06/19/business/yourmoney/19fore.html?_r=2&adxnnl=1&oref=slogin&adxnnlx=1191337503-g1yHfewhqPWye0XtI+Eq0A&oref=slogin. Retrieved on 30 October 2007.
^ The Sunday Times (UK), 16 July 2006
^ Safe haven currency
^ John J. Murphy, Technical Analysis of the Financial Markets (New York Institute of Finance, 1999), pp. 343–375.
^ Investopedia
^ Sam Y. Cross, All About the Foreign Exchange Market in the United States, Federal Reserve Bank of New York (1998), chapter 11, pp. 113–115.
^ Michael A. S. Guth, "Profitable Destabilizing Speculation," Chapter 1 in Michael A. S. Guth, SPECULATIVE BEHAVIOR AND THE OPERATION OF COMPETITIVE MARKETS UNDER UNCERTAINTY, Avebury Ashgate Publishing, Aldorshot, England (1994), ISBN 1856289850.
^ What I Learned at the World Economic Crisis Joseph Stiglitz, The New Republic, April 17, 2000, reprinted at GlobalPolicy.org
^ But Don't Rush Out to Buy Kronor: Sweden's 500% Gamble - International Herald Tribune
^ a b Gregory J. Millman, Around the World on a Trillion Dollars a Day, Bantam Press, New York, 1995
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