Thu 8th Oct 15, 17:33:38
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p.
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(ShareCast News) - UK stocks gained after the Bank of England decided to keep interest rates unchanged and the European Central Bank suggested it might consider further stimulus. 3 hours ago
(ShareCast News) - European stocks edged higher on Thursday as investors digested another set of disappointing German data, after minutes European Central Bank's latest policy meeting revealed Brussels could extend its stimulus programme. 3 hours ago
(ShareCast News) - Sepp Blatter, who has been president of football's world governing body (Fifa) since 1998, has been provisionally suspended by FIFA's Ethics Committee for 90 days. 2 hours ago
(ShareCast News) - Mexico will continue opening up further oil and gas exploration blocks at pace, including onshore and deepwater prospects, to international and private sector players, according to a senior official. 4 hours ago
(ShareCast News) - Bond King Bill Gross has sued his former employer, Allianz-owned bond fund manager Pacific Investment Management Co. 3 hours ago
(ShareCast News) - Industrial metals helped to prop up London markets again on Thursday, after Jefferies commented optimistically on the metals and mining industry. 4 hours ago
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TRADERS´ Interview with Singapore Strategist
Dar Wong is Investment Strategist at Singapore based Dektos Investment Corporation and a regular financial columnist for Borneo Post and other financial magazines.
Let’s be honest: Wall Street has an embarrassing track record in forecasting what the markets will do.
According to a recent study by Money Morning, comparing the average forecast of Wall Street “experts” to the actual performance of the S&P 500 between 2000 and 2014 reveals a nearly 15 percentage point difference each year!
From the onset of time, human beings have associated certain activities with certain events, thus forming the basis of superstitious beliefs and actions.
These have also spilled into the financial markets. Here are 5 weird trading rituals commonly practiced by traders.
Markets are people. So beating them asks for insight in what they are doing. And, perhaps more importantly, how they feel, because that will direct their future actions and, in the end, what markets will do.
At least short term. To know how people feel we need to distinguish the ones with a position from the spectators on the sidelines. Both groups have a very different state of mind.
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." - Arthur Schopenhauer
Back in September 2011 I released an update stating I was looking for the Dow Jones to make a new all-time high of 14200 in March 2013.