If so here is your answer. I snipped this out of a conversation going on in the Mentor Program Alumni forum and as is my habit whenever someone makes a bold pronouncement regarding something like stops I like to dig a little deeper. On Baskin financials website they boast the following performance. At first glance…
From the NYT – It’s not every day that someone stumbles upon a major new strategic thinker during family movie night. But that’s what happened to Michael Chwe, an associate professor of political science at the University of California, Los Angeles, when he sat down with his children some eight years ago to watch “Clueless,” the…
For some reason and only for some posters the comments section is still rooted. Yet surprisingly it seems to be working for the spammers who hit the boards overnight.
For traders there is something uniquely compelling about about a range bound market such as the AUD/USD. For the amateur they are akin to a sirens call telling that there are endless profits to be gained simply by buying and selling inside the range. For the professional they are clearly marked no go zones. From…
Whilst my grasp of macro economics is about as good as Tony Abbotts grasp of evolution I do know that to have a mining boom you need two things and two thing only. Rising commodity prices and a booming customer. Everything is superfluous to the equation and can be discarded. This is the Shanghai Composite.…
To be honest i had never heard of this person but he seems to be vaguley interesting – its a pity the piece is not longer. Suddenly, he decided he wanted to be rich. It was the 80s, and in the 80s if you wanted to be rich, you were an investment banker. So he…
The glitch seems to have been fixed so normal services will resume. Well that seemed to work without a hitch….
I have written extensively about Apple in the past in the context of people falling in love with a stock and being blind to any possibility that their decision making could be flawed. This sort of situation which is also being repeated to a lesser degree with gold highlights the myriad of cognitive biases that…
Now the gold nuts think it was a conspiracy because gold cant ever possibly go down…. From the ABC…”It looks as though it’s a coordinated, orchestrated attack on the price,” said David Baker, a managing partner with Baker Steel Capital Managers who helps manage hundreds of millions of dollars worth of gold assets for the…
The above title is not mine – I pinched it from a blog called Behavioural Macro that someone emailed me a link to. I used it because it is instructive of a number of failings that traders have. The blog this headline comes from is a contradiction – supposedly a blog with a leaning toward behavioural…
In a week that showed us how appalling some members of the human race can be comes someone doing something bonkers but spectacular….in a good way. Hands up if you thought being long gold was terrifying during its recent fall off the cliff – trading has nothing on real life and only a fool thinks…
During the recent global financial crisis, regulators, politicians and high-profile media coverage blamed short sellers for amplifying stock market downturns. Regulatory authorities in a number of countries imposed short-sale constraints aimed at preventing excessive stock market declines. This paper examines bans on selected financial stocks in six countries during the 2008-2009 global financial crisis. These…
