Stock Market Stock Picks
Stock Market Stock Picks
The stock markets seem intent on going up - they have been up for 4 weeks in a row now, something not seen for over a year. People are now beginning to think that this may be the beginning of a new bull market. We have got through 805 on the S&P500 andnow need to get through the 845 - 850 area Oscar Carboni says we may have seen a fundamental shift in the stock markets from a bear market to a bul market although he is not totally convinced yet.
Warren Buffett started buying back in last October and although he would admit that he was early he is a long-term investor so a few months either way is neither here nor here to him.
Today is jobs numbers day so there may be some reaction to that. there may also be a reaction to the sharp moves up we have seen in the past couple of days and the fact that the G20 meeting has come and gone !
For some newspaper stock picks check out - online stock trading
For some interesting interpretations of charts from a day trader check out alphatrends
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Stock Market Rises 500 Points
Stock Markets Rise
The stock markets are up yet again - despite me wanting them to go down ! Do they not care what I want ?
So while waiting for the stock markets to recede I have been looking into alternative investments and different ways of making money online - such as blogging for money
You can set up a free blog using blogger then re-direct your blog to a dotcom name such as Make Money Online - no need for hosting - it is hosted free on Blogger and you can still make money from your blog by putting ads. on it.
You can also try to make money by investing in First Edition Books
A Harry Potter first editionrecently sold for $19,000 !
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Online Stock Brokers
Stock Market News - Online Brokers
If you are looking for an online service for online stock trading then naturally you want to be able to use a company that is reliable and trustworthy. So I looked around the net and discovered there are a lot of firms offering so-called services but not all of them get the same reputation from their customers.
TDWaterhouse in particular comes in for a lot of criticism
Any online stock broker must be able to provide the following as a minimum real-time quotes, streaming news, real–time charts, and totally reliable software even in hectic markets.
TDWaterhouse apparently finds this difficult to do.
In 2001 TDWaterhouse the NYSE fined $225,000 for poor service
“The New York Stock Exchange has levied a $225,000 US fine against the discount brokerage firm TD Waterhouse for being unable to process thousands of orders and failing to deal properly with customer complaints over an 18-month period because it wasn’t equipped to handle the volume.
The ruling from the NYSE reads like an indictment of how not to run an online brokerage. The exchange found that the firm was unable to process online trades on 33 separate dates between November 1998 and April 2000.”
2001 was a long time ago but some people find that they have not improved - do a Google search to see the problems people have encountered
There are plenty of other trustworthy firms around so why take the risk - when trading online you need a service you can rely upon and a customer service you can trust.
The market closed down again today by the way and it could be that the recent rally is now over - check out Oscar Carboni ’s video at www.youtube.com/futuresanalysts - he’s a good guy who tells it like it is and BEFORE the markets open, not after the event.
The market could head down another 15- 20% from here so take care.
Bear in mind that althogh Amazon are selling lots of their Kindle Ebook Reader they may be heading for trouble as Discovery Communications has taken out a lawsuit for patent infringement against eh,
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Australia Flirts with Recession
Australia is on Brink of Recession
Australia is on the brink of recession ! Is that a surprise ? Everybody else has been in recession for months. Activity has slumped to its worst reading in almost 20 years.
“This is the weakest read since August, 1990,” said Westpac senior economist, Matthew Hassan. “Back then the economy had already entered what went on to become a deep and long-lasting recession.”
On four occasions in the index’s 49-year history has the growth rate been below the current level, and each of those occasions led to a recession.
A recession is two successive quarters of economic contraction.
In Australia GDP shrank by 0.5 percent in the Q4 of last year.
The level of the Leading Index, fell by 0.6 points in January to 252.1. Share prices, U.S. industrial production and dwelling approvals all declined.
“While the Leading Index continues to point to sharply weaker activity, the Coincident Index suggests a more moderate deterioration to date,” said Hassan.
That resilience is due largely to aggressive rate cuts by the RBA and fiscal stimulus by the government.
“The policy response to date suggests the economy is not heading for a repeat of the early 1990s experience,” said Hassan.
Australia has remained remarkably buoyant compared to the rest of the world so much so that many people would like to go and live there - some would say this is largely due to their relaxed attitude and their insistence upon self-centered retirement investing strategies.
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Tigger Online Trading Virus
Tigger Online Stock Trading Virus
The markets have been behaving rather strangely over the last few days, they have been going up ! Probably just a blip though before they resume their steady descent to DOW 4000 and S&P500.
In the meantime though there is something else to worry about - a virus which is targetting online stock traders.
The Tigger virus also known as Syzor takes control of your certain apects of your PC - only Windows is affected - it cleans up your PC of any other viruses (very nice) then sets about collecting passwords and log in data fromthe keystrokes you make.
It is particularly interested in anything to do with online stock trades and online trading and seems to have a predilection for certain online brokers - E-Trade, ING Direct ShareBuilder, TD Ameritrade, Vanguard, Scottrade and Options XPress.
It is also very difficult to detect, so you need to make sure all your Windows patches and anti-virus software are up to date.
On another note I recently read that certain credit cards are now sarting to pay people to go away ! They no longer like people with large balances that only pay off the minimum each month. They want to eliminate liabilities from their balance sheets so are offering people cash incentives to pay off their outstanding balances. It seems to be only on the USA so far but hopefully it will spread throughout the world so we ozzies can take advantage of it.
Bernie Madoff is finally off to jail, unfortunately that won’t bring back the money of those who now find themselves penniless.
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DOW Slumps Below 6700
Stock Market News - Another Down Day
The Dow fell below 7,000 Monday for the first time since 1997 as pessimism became the flavour of the day for the online stock trading community. AIG reported $61.7 billion in quarterly losses and started fresh fears about the health of the economy. The worries sent blue chip companies below 6,900 for the first time since May 1997. The DOW has now fallen by 50% since the record high of over 14,000 in October 2007
The DOW actually ended up 300 points down at 6763 the NASDAQ fell 55 to 1322 the S&P fell 34 to 700 points. It looks like the fall will continue tomorrow - Goldman Sachs recenty said the DOW would fal to 6,000 and some wonder if they are right because they are the only major brokerage firm left of Wall Street or if they engineeered the whole crisis to kill off their competition.
Others have been saying for over a year that the S&P would fall to 688 and now we are almost there the question is will it bounce off 688 or continue on further down.
In London HSBC bank issued a rights issue for $18 billion the largest in corporate history and at a 40% discount - the share price promptly fell 20% and all other banks fell in symatphy by aroun d5 - 10% the FTSE fell 204 and finished at 3625 although it is still 300 points above its lows back in 2003.
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Latest Stock Market News
Stock Market News - The Latest Stock Market News
Cool, my very own stock market news site ! Reuters, AFO, Bloomberg and CNBC had better watch out. It’s interesting to remember too that there is no copyright on news.
I shall of course have to keep it accurate and not just make it up !
At the moment the latest stock market news is that the stock market is closed ! It’s Saturday, all around the world so no stock market news as such as yet. Just some old news.
The DOW and the S&P and the FTSE all fell on Friday, and are now breaking through some serious long-term support levels.
The DOW is at 7063, the NASDAQ is at 1378, the S&P is at 735 and the FTSE is at 3830. We here at Stock Market News expect all indexes to fall back even further by around 15% or so over the next few weeks. Like everying else in the stock market though, that is only a guess so don’t blame me if the markets go wild on Monday and you lose your last shirt.
For some newspaper share tips or newspaper stock tips as they are sometimes called, check out this other cool site Online Stock Trading - it’s been around a lot longer that this site has, hardly difficult really since this particular stock market news site has only been around for 5 minutes !
We will get back online when there really is some stock market news to report.
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