The last time Nicholas Vardy was a guest blogger he generated quite a buzz with his article and the comments that followed. This article should do the same, but you'll have to read on and let your thoughts and opinions be heard. After you read the article and comment, please visit Nicholas's site (Global Stock Investor) to read more articles and opinions from him.
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U.S stock markets have just come off of their worst decade ever, with inflation-adjusted returns in the S&P 500 dropping as much as 30%. That's a far cry from what investors were expecting at the turn of the millennium. The Internet was creating paper billionaires overnight.
Fast forward 10 years, and Nasdaq is still 40% below its peak. In addition, the Pew Research Center just designated the past decade as the "worst in 50 years."
But just as there was a technology bubble in 2000, today there is also a strong "pessimism bubble" about the U.S. economy over the coming decade. And like all bubbles, this one will eventually pop – as will the rising China bubble. Understanding this is the key to ensuring you don’t end up like investors who have spent the last decade waiting for Cisco to "get back up to $80."
Rarely has the global stature of the United States been lower than it is today. A recent Washington Post/ABC poll found that 61% of the American people think the United States is in long-term decline. In another poll, 44% of Americans said that China was the top economic dog in the world, compared with only 27% favoring the United States.
Continue reading "Two Contrarian Trades for the Coming Decade"
"I was so pleased to be given the opportunity to tell how MarketClub has changed my trading. I started following MarketClub about a year now, and I’m following the Trade Triangles with great success to say the least. I noticed that if I get a signal from the daily and enter on either a stop order or on the market open on the next day and stayed with the trade till the daily triangle signal tells me to exit the trade, most of trades have been winning trades. My profits range between $5,000 dollars (lowest month) to $13,000 dollars (best month). Also they added a new Alert feature, and it’s outstanding, giving traders a hands on alert to when a profit target or stop placement have been hit (not having to wait until end of day to find out.) In closing, I would like to say that I’m very happy to be a member of MarketClub and look forward to many years of profitable trading with Trade Triangles." ~ Ronald H., California
On Wednesday, after much hype and drama, Steve Jobs walked onstage and unveiled Apple's latest creation - the iPad. Having watched almost every key address for Apple for many years I, like many others, were disappointed that the product didn't live up to the hype. Nonetheless, Apple will sell a boatload of these products, but not as many as the iPhone.
What do all successful traders have in common? Today Adam shares what might be the most important facet in trading like the pros.
One of the most powerful technical tools that a trader possesses is a pencil and a ruler. It sounds kind of old-school, but the reality is trend lines in technical analysis are enormously important.