World economy talk

[uls]

i know this is kabuki theater ok?

everybody knows the debt ceiling will be raised

but they're gonna take this to the edge before that happens. even over the edge

i think they actually want the markets to go into absolute panic before they raise the debt ceiling

[Monseratto]

NYMEX Crude

[uls]

US senator Harry Reid:

"Tonight, talks broke down over Republicans' continued insistence on a short-term raise of the debt ceiling, which is something that President Obama, Leader Pelosi and I have been clear we would not support. A short-term extension would not provide the certainty the markets are looking for, and risks many of the same dire economic consequences that would be triggered by default itself. Speaker Boehner's plan, no matter how he tries to dress it up, is simply a short-term plan, and is therefore a non-starter in the Senate and with the President.

"In an effort to reach a bipartisan compromise, we are putting together a $2.7 trillion deficit reduction package that meets Republicans' two major criteria: it will include enough spending cuts to meet or exceed the amount of a debt ceiling raise through the end of 2012, and it will not include revenues. We hope Speaker Boehner will abandon his 'my way or the highway' approach, and join us in forging a bipartisan compromise along these lines."

[uls]

[Monseratto]

[uls]

flight to gold, CHF



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TD Ameritrade to discuss possibility of acquiring Etrade

[tidus1203]

Wow when I opened my account with TD Ameritrade many many years ago maliit pa lang sila and was known as just Ameritrade... E Trade was even bigger than them...

[uls]

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[Monseratto]

Preparing for worst as debt-limit talks drag on - Yahoo! Finance

NEW YORK (AP) -- Scrambling to protect themselves against a U.S. default, investors are buying gold and foreign currencies, using derivatives to bet on a stock market collapse and taking out complicated insurance policies.

They may want to consider crossing their fingers.

Here are some other indicators to watch in the coming days for clues on how investors are getting ready for a U.S. default.

-- Treasurys: How will you know if China, the largest foreign holder of Treasurys, loses faith in the U.S. government? Bond yields will leap. The main Treasury to watch is the 10-year note. Its yield acts as a floor for mortgages and other lending rates throughout the economy. Everybody has been watching for signs of panic, but the market has remained calm so far, responding instead to worries that the economy is slowing down. The yield has hovered below 3 percent since June.

-- Gold: Investors are piling into gold on fears of a U.S. default, pushing the metal on Monday to $1,612 per troy ounce. But unlike a lot of metals, including silver and copper, there are few commercial uses for gold. That makes it difficult to guess just how much it really is worth, and whether the price rally will continue. But its high price is a good indicator of how scared people are.

-- Stocks: Concerns about the debt ceiling haven't hampered the stock market yet. The Dow Jones industrial average twice jumped by more than 100 points over the last week thanks to strong corporate earnings from Microsoft, IBM and Coca-Cola. But most market analysts think a deal will be reached and haven't laid out a strategy in case it's not. "I don't know how you could trade this in the short run except for waiting for greater clarity," says Jonathan Golub, chief market strategist at UBS.

-- Mutual funds: Everyday investors do not appear to be making drastic changes to portfolios. In the week of July 13, the last week of data available, investors pulled $4.1 billion out of funds that invest in U.S. stocks, according to the Investment Company Institute. Investors pulled $4.5 billion the week before, continuing a pattern of selling that dates back to May. Bond investments followed the same pattern. Investors moved $4.8 billion into bond funds in mid-July, a slight decrease from the $6.1 billion put into bonds the week before.

-- Currencies: Monty Guild, head of Guild Investment Management in Los Angeles, says he's trying to protect clients by buying currencies issued by countries that have been more prudent with spending. His top choices: Singapore dollars, Canadian dollars, Brazilian reals and Australian dollars. The bet is that as the U.S. struggles to pay its debts, more investors will put money in these countries, lifting the value of the currencies.

[uls]

dollar selloff continues

[uls]

[Ry_Tower]

Is doing stock trading online full time? And is their a crash course for this?

[uls]

what do you mean? like if you can make a career out of it? like quitting your day job and become a trader full time?

[uls]

USD all time low against CHF

0.79960

[Ry_Tower]

what do you mean? like if you can make a career out of it? like quitting your day job and become a trader full time?

Nope, sideline thing. Manage my own investment sana. Kaso I don't have an idea kasi. Would you still reco a stock broker and then learn the ropes from him (sana her)

[tidus1203]

Is doing stock trading online full time? And is their a crash course for this?

Try the Absolute Traders group...

Absolute Traders’ TrendSpotting: We Take The Gambling Out of Trading - We Take the Gambling out of Trading.

I learned technical analysis from them way back... Glad to see they are still around. But besides technicals you should also familiarize yourself with fundamentals.

[Ry_Tower]

Try the Absolute Traders group...

Absolute Traders’ TrendSpotting: We Take The Gambling Out of Trading - We Take the Gambling out of Trading.

I learned technical analysis from them way back... Glad to see they are still around. But besides technicals you should also familiarize yourself with fundamentals.

I guess by saying fundamentals I should re-learn economics and try to enroll in online schools for stock trading courses?

[tidus1203]

Fundamentals involve a lot of things from economics to accounting, basically it means studying the underlying security and all that is connected to it whether it be stocks (company), bonds (government and or private), future contracts (commodity) etc.

Technicals is studying the price movements regardless of asset class...

[Monseratto]

US$=JPY breaks 78...

[tidus1203]

Ano kaya meron nanaman BOJ intervention? Remember the first one after the quake; it failed and fell flat at their face...