 |
Follow Us:
Crop prices fell after it rained in the Midwest, but while the drought is far from over, it seemingly has spread from the agricultural to the informational arena. With a virtually non-existent news flow Monday (as well as all of last week), it was comical to listen to the talking heads try and develop a different spin every hour on Wall Street’s reaction to Mitt Romney’s choice of Paul Ryan as his running mate.
And with the continued bizarre and completely uneventful price action in the E-Mini S&P 500, we can now officially declare the markets dead for August and hope that the aliens or zombies that have taken over the trading environment will return to their graves or their planets soon.
From the temporary to the permanent hiatus, it seems that the ranks of financial advisers have been thinning. Whether people are taking their financial futures in to their own hands or the have grown tired of mediocre returns from sometimes ill-informed brokers, we think it’s interesting to note the trend.
From Reuters:
http://in.reuters.com/article/2012/08/06/idINL2E8J6GF620120806
The number of U.S. financial advisers fell for a third straight year in 2011, as choppy stock markets and thin yields eroded earnings and prompted more brokers to leave the business.
Across banks, brokerages, insurers and other investment firms, the ranks of U.S. financial advisers fell by about 7,000, or 2.3 percent, to 316,000 last year. This downward trend is expected to continue, with those numbers shrinking by 19,000 people over the next five years, or 1.2 percent a year, according to research firm Cerulli Associates' latest brokerage industry market share report.
Cerulli's data showed that independent broker networks - a group whose advisers tend to have lower revenue production - were among the hardest hit among the different categories of investment firms. The ranks of self-employed broker-dealers fell 14 percent last year to about 80,000, reflecting the difficulty of operating an investment business when clients made fewer trades and the stock market ended flat for 2011. Trade well and follow the trend, not the so-called “experts.”
Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banking mafia.
larrylevin@tradingadvantage.com
Trading Advantage
(888) 755-3846  |  Larry Levin's Trading Advantage is a leading investment education firm that empowers traders to achieve and surpass their financial goals. More than 50,000 students have used Larry Levin's proven techniques for powerful results. |
Trading Signals from the Electronic (ES) mini-SP 500
- VA buy @ 9:05am at 1400.75 = -1.50 & -1.50
- Algorithm positions (2)
- “Reading the Tape” positions (0)…combined Secret’s, Algo, & “Reading the Tape” total… -5.50
Click Here to See Yesterday's Detailed Results
ES 1401.00 / 1395.50
POC... 1396.50
YM 13136 / 13086
NQ 2724.00 / 2711.50
| IMPORTANT NOTICE: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. Nothing in our website shall be deemed a solicitation or an offer to Buy/Sell futures and/or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on our site. Also, the past performance of any trading methodology is not necessarily indicative of future results. DAYTRADING involves high risks and YOU can LOSE a lot of money. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those talked about in our site. | |
| | | 
 |
This email was sent to ignoble.experiment@arconati.us by Trading Advantage
No comments:
Post a Comment
Keep a civil tongue.