(AP:WASHINGTON) Treasury Secretary Timothy Geithner says the economic recovery “could be a little choppy” and it’s going to take a while.
Geithner told NBC’s “Meet the Press” that bringing back jobs and the confidence of investors will be the real test of recovery. He declined to say whether the recession is over, saying economists will figure that out years from now.
Continue reading "Geithner: Recovery could be 'a little choppy'"
Happy Halloween! Enter yourself in the October Trader's Blog Contest before midnight tonight, the night of All Hallows Eve, for a change to win a treat. Don't be scared... just comment on the question below:
“At what price will the DOW close for the last day of 2009?”
To read about the contest details or the prize packs you could win, visit the Trader's Blog Contest Page. The DOW could be the most frightening thing you'll see this year... enjoy the night of tricks and treats.
(Please read this in your head with the accent of Count Dracula!)
*Don't submit your answer on this post... instead comment on the Trader's Blog Contest Page.
How Did a Dead Mathematician Nail Two Major Markets Yesterday?
The markets I am referring to are the gold market and euro markets. Readers of this blog will know from our previous videos and examples that we are big fans of Fibonacci retracement lines.
In this super short video (1:49), I will show you the lines we are talking about for the above two markets. I think you'll find it very illuminating as this example is so fresh. You will also find it very empowering.
As always our videos are free to watch and there is no need to register. Please feel free to give your feedback and comments on this blog.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
Galleon hedge fund’s owner Raj Rajaratnam was charged with insider trading. It paid around $250 million to its banks this decade. Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE: GS) were Galleon’s foremost hedge-fund service providers.
Galleon’s short term trading strategies had it pay huge amounts to banks. Its employees also had to remain in close contact with salespersons and traders at Wall Street. Large buy and sell orders, important market developments and discussions on “one page sellers” of shares became common place with its officials, all such information sharing prohibited by the bank policies.
As a Goldman Sachs executive rightly puts it, “They cared about short-term returns and cared a lot about the impact of their trading and the costs. They expected a lot of market information.” But a leak of corporate information seems to be more of a reason for prosecution than is market information sharing. The case may change the face of high-velocity hedge fund trading for a while, say many a hedge fund owners.
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Article Courtesy of Bezina.com. To view the original article please use the link below:
http://www.benzinga.com/markets/company-news/32323/galleon’s-scandal-may-send-a-chilling-effect-on-market-“color”
One great thing about my position here as Director of Marketing is my extensive contact list. I say that because I have access to thousands of excellent traders, investors, and economists at my finger tips! So when things around the world catch my attention, I can quickly find someone who can give me the skinny on what's really going down. One of my contacts is Nicholas Vardy, Editor, The Global Guru, and he's got a MUCH better pulse on the world aboard then I do. That's why I asked him to give us his reasons why the markets outside the US are doing so well and WHY!
He told me he'd love to get feedback from the Trader's Blog readers, so let's not let him down! You can also visit The Global Guru to get his new report on his favorite global picks.
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Make Your Fortune from the "Rise of the Rest"
The inevitable decline of the United States is now firmly part of conventional wisdom. The profligate-spending Obama Administration -- consider that the $1.42 trillion U.S. budget deficit in 2009 is bigger than the entire economy of India -- and its efforts to transform the United States into a European-style socialist democracy marks the death knell of what was once a great country. The future belongs to China and the rest of Asia. "Old Europe" is a living museum that barely merits mention.
Continue reading "The Rise of the Rest"
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