MinKL Invest: 10/05/11

Wednesday, 5 October 2011

UK Trader Alessio Rastani: Reaffirms himself "The Big Boys control what'...

Oct 1, 2011

From: CNN
http://www.cnn.com/2011/09/28/world/europe/uk-trader-vira...
UK trader becomes an Internet sensation
By Jim Boulden, CNN
updated 12:43 PM EST, Thu September 29, 2011
London (CNN) -- Alessio Rastani went on a UK news channel on Monday to discuss where stock markets were heading. By Tuesday he was an Internet sensation.

Was it that he said, as someone who bets against markets rising, that he "goes to bed every night dreaming of a recession?" Was it that he said investment bank Goldman Sachs ruled the world and not governments? Or was it that bloggers started to ask if he was just a "fake trader" who duped the media?

Take your pick. But Rastani caused a stir by saying what many people think those in the markets think anyway -- it's OK to make money out of falling markets and there is no reason not to prepare for that.

He certainly thinks the markets will crash again and people should be prepared for that, and that the average person should take steps now to protect their assets, or be prepared to lose their investments.

There is nothing wrong with giving that kind of advice, if that is what you think will happen. It's just unlikely you would hear that from an established player from a bank that is looking for clients.
http://www.cnn.com/2011/09/28/world/europe/uk-trader-vira...
...........................................................
Newsmaker: Alessio Rastani
Miriam Steffens
October 1, 2011
A trader's Gordon Gekko moment went viral, writes Miriam Steffens.

The young man in the sharp suit and neat hair looked the part: a financial expert. But his in-your-face utterances on BBC television turned him into a sort of heroic villain who spoke the real truth about how money makes the world go round.

Alessio Rastani described himself as an independent trader, and a man who not only had been waiting for this moment of economic doom for three years but one who dreams nightly of another recession. European leaders might have been scrambling to contain the drama that is Greece, but Rastani cut to the denouement, pronouncing ''the market is toast'' and unfussed about the future of the euro. As for most traders, ''we don't really care that much how they're going to fix the economy, how they're going to fix the whole situation'', he said. ''Our job is to make money from it.'' He said governments didn't rule the world, bankers at Goldman Sachs did.

Read more: http://www.smh.com.au/world/newsmaker-alessio-rastani-201...

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Stocks slide as EU ministers delay Greece decision

Oct 4, 2011 by Euronews

http://www.euronews.net/ A move by euro zone finance ministers to delay a decision on paying more emergency aid to Greece pushed stocks lower in morning trading on Tuesday.

The 17 euro zone nations are meeting in Luxembourg for a second day of talks, but the postponement of the next instalment of bailout money for Athens has only increased investor nervousness.

French and German stocks were down by as much as three per cent. The UK's FTSE index slid by at least two per cent.

European banks were amongst the biggest losers.

Jim Rogers on US-China trade war

RTAmerica | Oct 4, 2011 | 305 views

US lawmakers are going after China and accusing the country of manipulating currency. A bill recently cleared a hurdle in the Senate to impose tariffs on Chinese imports. Is this a political ploy or does Washington have a legitimate case? Could this turn into a trade war? Jim Rogers, investor and author, helps us sort through these issues.

Follow Lauren on Twitter: http://twitter.com/LaurenLyster

Gold and The $USD... Greg Schnell, CMT

Gold%20and%20The%20%24USD%20

10/03/2011
Gold and The $USD

As Technicians, we have the privilege of comparing different stocks, commodities,

currencies all on the same chart. Too cool.

John Murphy (The Blog Writer at Stockcharts) wrote a book called Intermarket Analysis that

really had technicians in disagreement for a while as he stepped out from previously understood

conventions. Today, this book is a required reading for the CMT designation.

Upon finishing the book, you are compelled to try to utilize the body of knowledge he was

departing by producing endless charts of comparisons.

Some of my favorite charts are derived from Intermarket Analysis. In speaking with a long time

technician the other day, he stated that the fastest sensors to change are in Forex, then Bonds,

then stocks. Maybe we should look there for a clue.

We are all wondering if Gold is in an intermediate stage bounce, or actually impaired long term.

So I tried to chart it with a few intermarket ideas.

If we examine this chart in order of the boxes, we can find some interesting clues. .......

http://blogs.stockcharts.com/canada/2011/10/gold-and-the-usd-.html

Notice on the last three peaks in Gold where it broke down more than 10%, the $USD was exhibiting an upside breakout as well. Not all price moves in a commodity are currency related but currency is a big one.

Good Trading,
Greg Schnell, CMT

http://blogs.stockcharts.com/canada/2011/10/gold-and-the-usd-.html

Chart of the Day - S&P 500 PE ratio near 20-year lows

Chart of the Day

Chart of the Day

Today's chart illustrates how the recent rise in earnings has impacted the current valuation of the stock market as measured by the price to earnings ratio (PE ratio). Generally speaking, when the PE ratio is high, stocks are considered to be expensive. When the PE ratio is low, stocks are considered to be inexpensive. From 1900 into the mid-1990s, the PE ratio tended to peak in the low to mid-20s (red line) and trough somewhere around seven (green line). Notice how investors were willing to pay much more for one dollar of earnings during the dot-com boom, the dot-com bust and financial crisis. Currently, with 94% of US corporations having reported for Q4 2010, the PE ratio stands at 17 which is a relatively low level when compared to the past two decades.

http://www.chartoftheday.com/20110225.htm?T

October 4, 2011 Midday Metals Report

IraEpsteinFutures | Oct 4, 2011

Commodities, Ira Epstein, Linn Group, Futures Trading, Online Trading, Technical Analysis, Metals Report, Sales: 866-973-2077

MinKL Invest

Pages