Many of you may have thought that "Friday" was the big day this week. After all, it is the latest monthly jobs report from the government that may shed light on a rate change. Well as it turns out, the Yin to Yellen's Yang is Draghi, and that guy is unpredictable!
Mr. Draghi's decision will not be as easy as the emerging country economies have faltered lately. They are, quixotically and sadly, waiting for a loan that won't be coming. Oh, like another loan from ...Greece... just a reminder...sorry....
"If European Central Bank (ECB) Governing Council members were hoping for a quiet end to the summer after the Greek drama gripped global markets in July, they were surely disappointed. Haven't we learned in the past five years that August is full of surprises often in the form of nasty volatility? This year was no exception.
This time the culprit was not Greece but China, as it unexpectedly devalued its currency and pulled several about-faces on whether it was letting the yuan float freely and whether it was propping up blue chip stocks.
The rest of the week...for you TRADERS...will be exciting indeed.
Trade well and follow the trend, not the perma-bull OR perma-bear "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.
The major averages got out to an early start by gapping open higher. The initial drop was to try and fill the gap, but from there buyers took control. The big move came in the latter half of the trading session, where the markets rallied into the close. While the gains did not completely wipe out the recent losses, buyers still showed...
Something that has been on our radar screen for awhile is a concept and an investment vehicle called a binary option. A binary option is a type of option where the payoff is either some fixed amount of some asset or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary...
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