Can we still make it to DJIA 20,000 by Christmas 2015? Anything is possible! We have seen how far and how fast the indices can move in a single day. Therefore, a move of some 3,500 points in the next four months is possible… But is it probable? Now you are thinking how I can…
If you’ve watched Wimbledon (or any sporting event on TV) in recent years you’ll know they have all manner of statistics at hand. Why? Well it’s quite simple really. If you have enough data and enough different permutations then records are getting broken every other shot/game/match, etc. People love things like that, even though, or…
As of Thursday evening, the S&P 500 is reeling from a heavy session that saw the benchmark index hit a six month low and turn negative for 2015. S&P 500 Daily Chart You can take your pick as to the reason for the decline – Here are just some of them. The first and most…
There’s a movement called Zeitgeist that wants to do away with the current economic system and move to a so-called ‘resource based economy’. It was founded by Peter Joseph who had worked as a private equity trader on Wall Street. The problem with his movement is the same one facing Occupy and so many other…
That was a joke we used to say on the phone. “Get off the line, there’s a train coming!” For us as school kids it ranked up there with shouting to cyclists “your back wheel’s going round” and that thing where you stuff your tongue behind your bottom lip while making an unintelligible sound when…
As seen in this month’s issue of Master Investor Magazine. This is the eighth in the series of my educational articles, all of which are focussed on the best habits of winning traders and investors, the most common mistakes traders make and the best ways to avoid them. Is trading and investing during the summer…
Over the last ten years I’ve been to pretty much all the finance seminars you can imagine. From symposia run by Saxo Bank and SocGen to so-called training organised by people who, when you get there, it becomes obvious don’t trade. For example, one presenter was gaily saying that if he had a spare 15…
Lower oil prices have been a mixed bag really. Good for some industries and bad for others. Although to be fair, if oil is a major input cost then the hedging department should be protecting companies from serious downside. It would make interesting reading to see a catalogue of failures in hedging departments over the…
This week’s trading has been dominated by the People’s Bank of China allowing the yuan to devalue by dropping the peg against the US dollar on consecutive days. To add to the drama, the PBOC then declared in a press conference that it sees no reason for the yuan to fall further. The conflicting messages…
I wrote a blog post called ‘Cruising Home’ (July 3rd 2015) about cruise lines and how they are likely to remain pretty much bullet proof over the coming years. By contrast the more traditional bucket shops are not faring quite so well. A lot of the go-to cheap, hot places have got problems now. You,…
