Skip to main content

Features of the week

We've compiled some of the week's most interesting articles and interviews in our, "Features of the week". Hope you enjoy them all.

1. The rogue trader who created Societe Generale's $7.2 billion trading loss was earlier described as a "computer genius".

Now Information Week says the bank "hacker" had only limited computer skills.

2. Why the current bull market in gold may surpass the 1970s run.

3. Nouriel Roubini: US in recession. Bloomberg interview.

4. A study by the Center for Public Integrity shows 935 examples of "false statements" made by top Bush Administration officials while hyping the Iraq War.

5. Fannie Mae and Freddie Mac may face $16 billion in losses due to declines in the value of subprime mortgage bonds.

6. The New York Times profiles casino billionaire Sheldon Adelson.

7. Confidence in the contemporary art market slumps 40% according to new survey.

8. Credit default swaps could weigh on banks. Article notes that counterparty risk "is almost impossible to calculate with any accuracy".

9. Forget the wisdom of crowds. Marc Faber & Jim Rogers on gold, China, and the renminbi.

10. Bloomberg interviews George Soros, who offers his view of a coming financial crisis.

11. Greg Peel weighs the arguments made by Soros and other Davos attendees.

12. Bear market rules apply. Carl Swenlin charts recent market action.

13. Kirk Report readers share their trading and investment lessons.

14. Scenes from the Ron Paul Revolution. Reason magazine cover story includes an interesting analogy which likens Ron Paul's influence to that of the Velvet Underground and the Ramones.

Have a great weekend everyone, and thanks for reading Finance Trends Matter.

If you enjoyed this post and would like to subscribe to our site feed, just click the link and choose your feed reader of choice. Done!

Popular posts from this blog

Lessons from Hedge Fund Market Wizards: Scott Ramsey

Today we continue our series, "Lessons from Hedge Fund Market Wizards" , with a look at Jack Schwager's interview with Scott Ramsey of Denali Asset Management.  Ramsey, a futures trader and CTA who works on the island of St. Croix, spoke to Schwager about his first foray into the markets, his evolution as a trader, and the process he stands by to protect and grow his clients' money. 1) . Ramsey started trading in college. He was roped into the OTC metals market via a broker's ad in the Wall St. Journal. The broker charged customers a flat fee to buy and sell as much as they wanted in a particular market for six month. At the time, Scott was a novice and didn't know about futures, so he traded metals in this fashion through the inflationary run-up of the late 1970s. 2) . Scott had to rethink his trading strategy after he bought silver at $50 an oz., only to watch it collapse to $26 following a long string of limit-down days. He sold as soon as the market...

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...

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 ...