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The Business and Financial ForumTHIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE! Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.
rally is gonna happen
(conspiracy)
technical trading. funny how these news events hit during the top/bottom.ranges
the baikout is already done. it will have to happen
as always. buy the rumour. sell on news Posted via RS Mobile
get the hell out of commodities and get into short term financials. play of the week! Posted via RS Mobile
another great piece of advice, basic materials (commodities), currently the best performing sector, which makes TOTAL sense on bail out news/speculation, as this would nip any recession in the bud ,and given the huge sell off (hugely oversold) of commodities of late on growing expectation of a recession:
That's my gut feeling too. I think markets are grasping at any rumors of good news. I'm hoping rally carries over tomorrow, then I might sell some positions and wait for the next drop
another great piece of advice, basic materials (commodities), currently the best performing sector, which makes TOTAL sense on bail out news/speculation, as this would nip any recession in the bud ,and given the huge sell off (hugely oversold) of commodities of late on growing expectation of a recession:
Sector Change % down / up
Basic Materials +3.66%
Capital Goods +3.23%
Conglomerates +2.90%
Cons. Cyclical +2.50%
Cons. Non-Cyclical +1.90%
Energy +3.17%
Financial +2.65%
Healthcare +2.14%
Services +1.98%
Technology +2.57%
Transportation +2.59%
Utilities +1.50%
i say short term... financials are the play...
recesssion? you think we're out? you are kidding yourself
keep this quote of you and me and get back to it october 19th or after
Hey guys, I'm not sure if I should be posting this. I am looking at building a portfolio for long-term growth. Goal: steady stream of dividends, looking at holding for at least a couple of years. I'm most likely going to start with $50k (half from cash savings, and half from DC pensions from my old employer).
I've been fooling around with Google Finance for the last little while, and have short-listed the following:
Been holding CM since it was $44.xx in 08/09 crash... it's been giving me some nice steady returns in dividends + stock value the past couple years so no complaints here =)
I don't think it's worth purchasing in this type of market at the current price though, probably wait till it dips to the mid 60 or lower mark
__________________ Victoria Car Assessments - Condition assessments (test drive, photos, deficiencies and summary). RS member references available. IG @touringteg
1998 Acura Integra Type R #0635
2017 Honda Civic Type R #01818
This is what my CIO said:
"RIM is done, and waiting for MS or Google to buy them. QNX won't be the saviour, and with iOS and Android being supported through vendors such as Good Technology, Blackberry's grasp on the enterprise world is slipping, and they don't seem to be capable to turn it around!"
__________________ Victoria Car Assessments - Condition assessments (test drive, photos, deficiencies and summary). RS member references available. IG @touringteg
1998 Acura Integra Type R #0635
2017 Honda Civic Type R #01818
"The soundbites won Mr Rastani instant fame. He became a viral hit and was trending on Twitter. BBC business editor Robert Peston was among the fans. "A must watch if you want to understand the euro crisis and how markets work," he told his army of 82,000 followers on Twitter on Tuesday.
The interview contained such gems as "Governments don't rule the world, Goldman Sachs rules the world [and] Goldman Sachs does not care about the rescue package."
But on Tuesday night the BBC was left facing questions about just how qualified Mr Rastani is to speak about the markets.
In the interview Mr Rastani described himself as an independent trader. Elsewhere he claims he's an "investment speaker". Instead of operating from a plush office in Canary Wharf Mr Rastani works and lives with his partner Anita Eader in a £200,000 semi in Bexleyheath, south London. The house, complete with a mortgage from Royal Bank of Scotland, belongs to her not him.
The £200,000 semi in Bexleyheath, south London (far left), where Alessio Rastani lives.
He is a business owner, a 99pc shareholder in public speaking venture Santoro Projects. Its most recent accounts show cash in the bank of £985. After four years trading net assets are £10,048 - in the red.
How a man who has never been authorised by the Financial Services Authority and has no discernible history working for a City institution ended up being interviewed by the BBC remains a mystery.
Stock trader Alessio Rastani: "I'm an attention seeker".
The incongruity led to some commentators speculating Mr Rastani was a professional hoaxer. The BBC denied the allegation: "We've carried out detailed investigations and can't find any evidence to suggest that the interview with Alessio Rastani was a hoax."
However, the BBC declined to comment on what checks, if any, it had done prior to the interview.
Mr Rastani was a little more forthcoming.
"They approached me," he told The Telegraph. "I'm an attention seeker. That is the main reason I speak. That is the reason I agreed to go on the BBC. Trading is a like a hobby. It is not a business. I am a talker. I talk a lot. I love the whole idea of public speaking."
So he's more of a talker than a trader. A man who doesn't own the house he lives in, but can sum up the financial crisis in just three minutes – a knack that escapes many financial commentators.
"I agreed to go on because I'm attention seeker," he said on Tuesday. "But I meant every word I said."
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gonna flip @ 1.40
