Posts Tagged ‘stock exchange’

The End of the World Is Close Behind the End of the NYSE

August 18th, 2011

Does anyone know what’s happening?

It’s 40 minutes after the opening bell on the New York Stock Exchange and the Dow Jones index is down 505.95 points. This HAS to be the end of stock exchange trading as we know it. Why don’t they close down the exchange before people start jumping from windows? Forget about your and my paltry portfolios, what about the huge institutions who invest their zillions in the exchange

Pension and Insurance companies

What about your and my pension funds and life insurance policies who have globs of our money invested in exchanges and pay our monthly stipends from the proceeds of their investments? What about the huge banks who have invested their billions in the markets? What about the huge businesses whose value is crumbling into dust before their very eyes?

50 Minutes after the bell

The Dow is now down only 446 points. We picked up 59 points in 10 minutes, not a bad rate of increase in normal times.

60 Minutes after the bell

The Dow is now down only 464 points. It’s yo-yoing and making a messy looking graph. What’s happing too, I think, is that many players are seeing bargains, shares that have dropped to their lowest points in months and maybe even years and are starting to buy. I too see what look like bargains, but I am too scared to lose more than I am already losing by the general market fall, so I sit still and hope for the market to rise. Of course I could be waiting for the market to fall even further. Yes, you are correct, I am confused. Who isn’t?

90 Minutes after the bell

The market seems to have steadied at about 450 points down, a major fall at any time. On the upside the list of bargains grows and grows. The initiators of mass moves on particular nominated shares will get nowhere today. It’s a general shambles and in keeping with what’s going on around the world. Besides the countries, mostly scattered around the Mediterranean rim, in deep financial straits, there are many other countries in the throes of social uprisings and revolutions.

Social uprisings

North African countries are in what is being called the Arab Spring. Egypt, Libya, Yemen and Syria are all embroiled in social problems which will inevitably turn into economic problems as they spend good money on arms and ammunition quelling the rebellions. Most of the social uprisings have been fueled by their poor living conditions. With internet and satellite TV there are no secrets anymore. Anyone can see exactly how the other half or the other 90 percent live and want to get to that status themselves.

How to fix things

I don’t know and I suspect that no one actually knows. All the mavens, prophets and advisors are lost in the shifting sands of the stock exchange. What we need is some resolve and action on the part of everyone to put things right!

Tags: Bargains, Profits, stock exchange, Yo-yoing prices
Posted in Business, Economy, Finance, Money, Personal / Internet | No Comments »

Manipulating the Market and Still Not Winning

August 17th, 2011

I can’t tell if this game is worthwhile

I get an email something like this every day: “Read This Entire Report Now, Timing is Critical Understand XXXX is completely different from ANY profile that I have done this ENTIRE year!! Why? Because, XXXX is a company that I will be profiling for weeks to come because I believe I have discovered the hottest China play that Wall Street has seen this year! Bold statement? – just read on and see why… I have to WARN YOU….. This stock has the potential to grab Wall Street by storm just like my NAZDAQ play handed investors 300% Gains in days!”

I follow up

I then look up the stock symbol to see its current value and then I look at the graph for the past months or the past year. The stock value is almost always below 50 cents, usually below 10 cents and my first thought is that I have to buy a huge quantity of shares in order to make a decent amount of money and then I wonder what the broker will say when he sees my order and then I drop all ideas of playing the game.

The game

The game is an easy one and it makes good sense. Someone, the initiator, picks a stock that has very little value and starts emailing the stock symbol with a note like that above, promising that the stock will rocket and a buyer can then sell and make a killing. The objective is to get thousands of people placing buying orders for millions of stocks thus pushing the price up. The initiator will be the first to sell, even at a small rise and before everyone else realizes that the price has stopped rising and that they should sell. The drop in price will instant and dramatic and the initiator and some other good thinkers will have made themselves hundreds and maybe thousands of dollars at the cost of a 2 phone calls and brokerage fees.

Supply and demand

It actually is a great game, based entirely on the theory of supply and demand and a long list of email addresses. If one were to play conservatively, say buying 5,000 shares and selling as soon as there is a 5 cent profit, it means you would be making $250 per game, about $1,000 per week, not bad for very little outlay. The risk is minimal. At worst, meaning you missed the “selling-moment”, you will be left holding 5,000 share which may even start breathing again one day in your lifetime.

Why don’t I?

I don’t know. It is very tempting. I get letters from a few different initiators and this morning, and what prompted this article, I even found one in my junk-mail box, meaning that someone has somehow acquired a mailing list and is zapping out emails as fast as he can. I’m sure that if he understands the game well he will make some money on his initiative. I think I’m going to try this…

Tags: Artificially pushing prices, Buying and selling stocks, stock exchange
Posted in Business, Economy, Finance, Money, Personal / Internet | No Comments »

Forget the Stock Exchange; Let’s Go Cruising

August 11th, 2011

Out on the ocean we’ll get away from everything

Gliding around sparkling waters has stellar appeal. You need not have the funds of a tycoon to enjoy a sailing holiday. For many, the allure isn’t just feeling the wind in your hair and the exhilaration of watching the sea slip by, but the escape from politics, commerce and technology combined with the means to explore a region in just a week or two.

Nothing else to do

With little else to do but sleep, read or swim, it’s the perfect way to put the wind back in your sails. Seeing a country from the water gives you a fresh perspective on a destination, and one that’s gained without queuing in traffic or fighting for space on the sand. If a beach is busy you can simply sail on to another. And when the landlubber in you takes over, pull into port and shop, eat or stroll around before taking to the waves once more.

Start at the French Riviera

France’s Mediterranean coast is dotted with marinas and harbors, from chic Monaco to cheerful Pézenas, the port for Montpellier. Essential Sailing (0845 653 0126; www.essentialsailing.com) has fully crewed one-week trips along the French Riviera They start and end at the firm’s base at La Napoule, calling at ports such as Menton, St-Tropez and Cannes. Prices, excluding flights or trains, start at $1,850 per person based on six sharing, including transfers, onboard accommodation, most meals and drinks.

Grand designs

Step aboard the Beluga, the 28-metre Turkish gulet belonging to the designer and hotelier Anouska Hempel. Until October the vessel is available for charter along the coastlines of Croatia and Montenegro through Dalmatian Destinations (0333 700 8007; www.dalmatiandestinations.com). A week starts at $50,000 for up to seven guests, including the crew and all meals but not flights. Trips start in either Split or Dubrovnik and are available until the end of October.

Baltic banquet

Each autumn, West Sweden’s coastline celebrates its lobsters, oysters, mussels, crayfish and prawns with a “Shellfish Journey” festival (www.vast sverige.com). On certain weekends in October, you can also join a new, two-night sailing adventure aboard a racing yacht (00 46 31 29 19 89; farr65r. com), fuelling up on gourmet seafood along the way. Trips cost $750 per person, including two nights’ yacht accommodation, all breakfasts and lunches and a lobster party at Bjorholmen. Gothenburg is around 30 miles away, and has plenty of flights.

Learn at leisure

Never sailed? For beginners unsure about how they will take to the open water, the Neilson “Stay and Sail” concept may appeal. You spend a week at one of the firm’s Beachclub activity resorts in southern Turkey or Greece, while the second week is spent afloat. As an extra temptation for September and October departures, a four-day sail-training course during week one is thrown in free. The costs: $1250 based on four sharing, or $1530 for two sharing. The price includes a week’s full board (apart from three evening meals) at the Beachclub, and self-catering aboard the yacht.

The stock exchange

What and where is that?

Tags: Cruising, Getaways, Relaxing, stock exchange
Posted in Business, Economy, Finance, Personal / Internet | No Comments »

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