Could be something could be nothing. We had the now customary machine traded ramp job in the last half hour of a day that saw the Dow up insanely only to loose the lot. It would have been down had the ramp job not squeezed out a positive headline for tomorrw with a 50 point …
Well globally stock markets are on a tear. Ftse up 2,4%, the Dow opened 1.2% up. Far East is closed now but up too. And Gold is falling vertically on Wall Street’s opening down 1.1%. Why? The only significant news I can see out in public is that China has told it sovereign wealth fund …
Today’s stock market jump and China news UPDATED Read More »
Back on 25th May I wrote a piece called, “Caja’s – will the ugly truth out soon-ish”. Bad title, but it turns out I was correct. The truth is now out. Thanks to a really good report by David Watts ( I wondered what happened to him after he left school – Jam fans will …
Most of us don’t get to witness a bank bail out in its formative, embryonic stage. We aren’t usually aware of them until they are fully formed. But in Hungary we might be able to see one being created. Hungary, as we all know, is hurting. Last week Hungarian politicans began to talk about asking …
In the previous post below this, I talked about Short Selling. As I said at the end, it is wrong to single out Shorting. It is Speculation that is the problem, not just shorting. Or more accurately, the problem is when the balance between investment and speculation gets out of whack. There will always be …
Like most things Short Selling can be made to seem very complicated when in fact it isn’t. Profits used to come from the value or worth of an asset going up in price. Investing or Going Long is the traditional buy and hold. If, however, you want to trade Volatility instead of just Value or …
Bank of China announced today that it was going to issue around 28 billion new shares in an effort to raise 8.9 billion dollars. 28 billion new shares will dilute the value of what present share holders have. In this case by about 10%. Trading in BoC shares was stopped until 5th July. Presumably to …
Well it’s always stupid to say this is it, we’re at the moment when it all falls over, because if the last two years have proved one thing, it is that our bankers and governments will do anything no matter how insane, to keep the game going a little while longer. But, that said, I …
Unemployment in the UK is about 2.5 million according to offical figures. Which are always rather conservative. That is a rate of around 7.6%. According to recently leaked figures, the Treasury estimates additional job losses over the next five years, due to austerity measures, to be around another 1.3 million. An increase of about 50%! …
European stock markets are heading down again, extending the already dramatic losses which continue to sythe round and round the world, day after day. One much noted response to these losses, from the Fed, was to publish a somewhat petulant article admonishing all right-thinking citizens not to pay any attention to the unauthorized, rabble rousing …
