Skip to main content

Features of the week

Put on your reading, thinking, and relaxation caps; its' time for our, "Features of the week".

1. "White House to quickly replace Wolfowitz". The AP reports that the White House would like to quickly find someone to replace departing World Bank president Paul Wolfowitz.

Wolfowitz announced that the would resign his post on Thursday following a flap over a compensation package arranged for his girlfriend, Shaha Riza, a bank employee.

2. "Damien Hirst Seeks $99 million for Skull With 8601 Diamonds". The sight of this headline prompted a maniacal, "Ah-Ha-Ha!", moment on the part of your editor that even the Mogambo himself would have been proud of.

3. Meanwhile, in their current May issue, ARTnews is asking, "Are You Looking at Prices or Art?".

4. The Aden Forecast takes a look at, "The Bubbling Metals", and finds their long term uptrend lines intact.

5. Paul Lamont on the, "May 10th Credit Collapse", of 1837. A prelude of things to come?

6. One fund manager is high on platinum and shares of platinum mining companies. See Reuters' article, "Platinum bull run to continue for many years", for more.

7. "When bulls and bears agree". Louis-Vincent Gave and Marc Faber do not see the world in similar terms, but they do seem to agree on one thing: the price of agricultural commodities and food products could rise significantly in the coming years.

8. John at Controlled Greed says don't miss this recent New York Times feature on noted value investor and hedge-fund manager, Seth Klarman.

9. The People's Bank of China has widened the yuan's daily trading band against the US dollar. Daily FX asks, "How close are we to a free float?". Lots of background on the importance of China's currency moves in this article.

10. "Can America's masses get charged on electric cars?". Reuters' coverage features notes on the ZAP Xebra, GM's Chevrolet Volt, and Tesla Motors' electric roadsters.

11. From FT.com, "China changes the dynamics of African loans".

12. Paul at Infectious Greed gives us the heads up on a National Geographic feature about "China's instant cities".

13. Relax with some tunes. MSN "In Concert" presents Chris Cornell, live from the Fenix in Seattle.

Popular posts from this blog

Finance Trends 2019 Mid-Year Markets Review

Email subscribers of the Finance Trends Newsletter receive the first look at new articles and market updates, such as the following piece, sent out to our email list on Sunday (6/14).   Hello and welcome, everyone! If you received our last email notice over the July 4th holiday, you'll know that this weekend's newsletter will serve as a mid-year market update and a follow-up to issue #29, " How to Reinvest in a Rising Market ".   Ladies and gentlemen, without further ado, let's start the show...  Finance Trends Newsletter: Our Mid-Year Market Review When we last spoke, back in February, the U.S. stock market was rallying off its December-January lows. As the S&P 500 and Nasdaq reclaimed their 200 day moving averages in February and March, it became increasingly apparent that a lot of retail investors (and perhaps some institutional investors) were left under-invested while watching this recovery move from the sidelines.  The U.S. stock ...

Round trip stocks: momentum booms and busts

" No tree grows to Heaven ." - Old proverb adopted by Wall Street. What happens to hot momentum stocks when their rocket fuel runs out? How long can they continue to fly before they come crashing back down to earth? Why is the stock that you paid $100 a share for now trading at $39? These are questions that many novice traders and investors may be struggling with in the wake of the most recent market correction. Momentum stocks have been hit hard as the Nasdaq 100 and Russell 2000 indices have moved lower in recent weeks. Caught unaware by the recent slide, some traders may be wondering when their beaten-down stocks will snap back and allow them to exit with smaller losses (or even reach the mythical "break even" point).  While growth stocks still firmly within their uptrends may form constructive technical bases and move higher after this correction, others may experience sharper pullbacks or break down into full "stage 4" declines (see chart below...

How to "Pull the Trigger" on Your Trading Ideas

In our last post, I quoted hedge fund manager, Jim Leitner on the importance of following up on your investment ideas.  Today I'd like to follow up and share some thoughts on how you can learn to consistently "pull the trigger" on your best trading setups and investing ideas. In order to help you do that, we'll take from the best and offer up key insights from interviews with top traders and trading psychologists like Alan Farley, Brett Steenbarger, and Doug Hirschhorn .  Now before we get to their key insights on overcoming trading anxiety and pulling the trigger on your trading ideas, let's remember what Jim Leitner said in his interview: "Learn to love to listen to people and when you hear something interesting, follow up on it. Don't just think, "Well that's an interesting idea" only to find out a year later that the company you could've bought shares in is now up 500-fold. You never want to say woulda, coulda, shoulda...