What do I mean when I say invest in a setup idea. It means go in to significant detail of the setup idea. In order to make a setup work you need to really internalize the setup and make it part of you. That means studying historically how the setup worked. Studding 1000, 5000, 10000 past instances of the setup ideas. And then from that derive leanings. That process is what is the key to building a long term edge in trading a setup.
If 2011 taught us one thing, it’s that currency investing can be a dangerous business. For instance, the euro – the simplest of hedges against a declining dollar and the U.S. Federal Reserve’s expansive monetary policy – has run into difficulties, losing billions for even the most sophisticated Wall Street banks.Read more »
One of my resolutions since returning from Peru is that I’m going to be more responsive to requests from reporters. I’ve generally tried to weasel out of interviews in the past because they always made me uncomfortable.Read more »
Oil prices have been on a wild ride the second half of 2011, and that’s likely to continue for the foreseeable future. A myriad of factors are contributing to the growing volatility in the energy patch, everything from political unrest in various oil producing nations, weaker fiat currencies, uncertainty in Europe, and fluctuating demand and supply numbers.
This constantly changing data has been a catalyst for oil prices to drop to a low of around $75 and then rally to over $100 in just the last few months. Such trading ranges are highly unusual.
<strong>The Changing Landscape of Oil Production</strong>
The various regime changes and ongoing political unrest in the Middle East have put energy traders on edge, and thus caused oil prices to ratchet up rapidly. The overthrow and deaths of several key oil producing leaders, such as Libya’s Muammar Gaddafi, have changed the matrix for oil production going forward. And traders are left with more questions and concerns, rather than solutions.
These companies – among the world’s largest corporations – are primarily in the banking and energy sectors. Some, like the giant oil and gas company, Saudi Aramco, aren’t open to investors at all. But many are.Read more »
In August 2009, the John J. Heldrich Center for Workforce Development at Rutgers, The State University of New Jersey began following a nationally representative sample of American workers who lost a job during the height of the Great Recession.Read more »
Under pointed questioning from Senate Republicans today, federal financial regulators admitted that they have not yet found about $1.2 billion in customer funds missing at the bankrupt MF Global Inc.Read more »
When most people think of commodities, they usually think of oil, copper, even gold or silver. But there are plenty of others that can allow you to make a lot of money.Read more »
More Americans are financially dependent on the government than ever before. For a variety of reasons, there are now tens of millions of Americans that would not be able to survive without government assistance.Read more »