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10 Monday Reads - Bears, Big Gains and Bill Gross
Attachment 10058
- There’s No Bear Market in Sight, Say Dow Theory Experts (Marketwatch) see also Five Reasons Why a 10 Percent Correction Could Be Bullish (USA Today)
- The Thing About Big One-Day Gains (TRB)
- Barron’s has an exclusive interview with bond king Bill Gross on his next act (Barron’s)
- Seven Economic Shifts Underlying Hong Kong’s Divide With Beijing (Bloomberg)
- Public and Private Sector Payroll Jobs: Carter, Reagan, Bush, Clinton, Bush, Obama (Calculated Risk) see also Take U.S. Off List of Investor Worries (WSJ)
- The Contrarians on Stress: It Can Be Good for You (NYT)
- Crumbling Infrastructure and Traffic Are Costing Every L.A. Driver $2,500 a Year (Slate)
- 24 Maps and Charts That Explain Marijuana (Vox)
- How Twitter Became the LinkedIn of the Adult Industry (Pando Daily)
- The Terrible, Horrible, No Good, Very Bad Week for Climate Change News (Re/Code)
What are you reading?
the source
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How to Beat the Market Makers at Their Own Game: Uncovering the Mysteries of Day Trading
How to Beat the Market Makers at Their Own Game: Uncovering the Mysteries of Day Trading
Attachment 10124
The basic skills for becoming a successful trader from a master of the game
Written by Fausto Pugliese (founder and CEO of Cyber Trading University) this must-have resource offers a hands-on guide to learning the ins and outs of active trading. How to Beat the Market Makers at Their Own Game gives professionals, as well as those relatively new to investing, a behind-the-scenes look at the inner workings of the marketplace and a comprehensive overview of basic trading techniques. The book explains how to apply the trading strategies of acclaimed trader Fausto Pugliese. Step by step the author covers the most common market maker setups, shows how to identify market maker traps, and most importantly, reveals how to follow the direction of the lead market maker in an individual stock.
Throughout the book, Pugliese puts the spotlight on Level II quotes to help investors understand how market makers drive prices and manipulate the market. This handy resource is filled with the tools needed to interpret market maker activity so traders can truly understand the market and trade accordingly.
- Offers an accessible guide for developing the investing skills to trade with confidence
- Filled with the real-world trading experiences and techniques of Fausto Pugliese
- Covers simple technical patterns that are important in day trading
- Includes a website with exercises to help master the book's techniques
How to Beat the Market Makers at their Own Game will become your well-thumbed resource for learning what it takes to succeed in short-term stock trading.
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Digital Bank: Strategies to launch or become a digital bank
Digital Bank: Strategies to launch or become a digital bank
by Chris Skinner
Attachment 10308
Digital Bank tracks the innovations in banking and how the mobile internet is changing the dynamics of consumer and corporate relationships with their banks. The implication is that banks must become digitised, and that is a challenge as becoming a Digital Bank demands new services focused upon 21st-century technologies. Digital Bank not only includes extensive guidance and background on the digital revolution in banking, but also in-depth analysis of the activities of incumbent banks such as Barclays in the UK and mBank in Poland, as well as new start-ups such as Metro Bank and disruptive new models of banking such as FIDOR Bank in Germany. Add on to these a comprehensive sprinkling of completely new models of finance, such as Zopa and Bitcoin, and you can see that this book is a must-have for anyone involved in the future of business, commerce and banking.
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The Little Book That Still Beats the Market
The Little Book That Still Beats the Market
by Joel Greenblatt
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Can you spare three hours to learn how to beat the market? As unlikely as it may seem, hedge fund manager and professor Joel Greenblatt, whose investment firm has averaged 40% annual returns for over twenty years, can teach you how. You can achieve investment returns that beat the pants off even the best investment professionals and the top academics. In fact, you can learn how it's possible to more than double the annual returns of the stock market averages. But there's more. You can do it all by yourself. You can do it with low risk. You can do it without making any predictions, and you can do it by following, step by step, a time-tested, proven "magic formula" that uses only common sense and two simple concepts. Best of all, once you are convinced that it really works you can choose to do it for the rest of your life.
A runaway bestseller even before it was published, The Little Book That Beats the Market shows how successful investing can be made easy for investors of any age. It's never too early or too late to start investing, and with Greenblatt as your guide you'll know exactly where to go and what to do. By following the clearly outlined simple steps and magic formula, you can achieve extraordinary long-term investment results with a very low level of risk.
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The Wall Street Journal, New York Times, BusinessWeek, and USA Today Business Bestseller!
24 Essential Lessons for Investment Success: Learn the Most Important Investment Techniques from the Founder of Investor's Business Daily
by William J. O'Neil
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From the publisher of Investor's Business Daily and best-selling author of How to Make Money in Stocks, comes the National Bestseller, 24 Essential Lessons for Investment Success, two dozen of the most important lessons for investors. In this one accessible guide, William J. O'Neil puts his popular and easy-to-follow techniques for building a profitable portfolio firmaly in the hands of investors**and the goal of long-term financial security easily within their reach.
24 Essential Lessons for Investment Success is based upon the closely followed "26 Weeks to Investment Success" editorials that appear in Investor's Business Daily. Edited and updated, O'Neil's timeless advice encapsulates such investing nuggets as buy high and sell higher to making a million in mutual funds. Concentrate your investments in a few areas, know them well, and watch them carefully.
Don't just rely upon PE ratios and other common technical tools. Learn to use Relative Price Strength to help you choose stocks. O'Neil's cautionary yet pro-active advice has helped to make Investor's Business Daily one of America's fastest growing and most respected newspapers. Now investor's can benefit from his timeless words of wisdom, collected in one easy-to-use resource.
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This Crisis Was Foreseeable … Thousands of Years Ago
We’ve known for 5,000 years that mass spying on one’s own people is always aimed at grabbing power and crushing dissent, not protecting us from bad guys.
Attachment 10811
We’ve known for 4,000 years that debts need to be periodically written down, or the entire economy will collapse. And see this.
We’ve known for 2,500 years that prolonged war bankrupts an economy.
We’ve known for 2,000 years that wars are based on lies.
We’ve known for 1,900 years that runaway inequality destroys societies.
We’ve known for thousands of years that debasing currencies leads to economic collapse.
We’ve known for millennia that torture is a form of terrorism.
We’ve known for thousands of years that – when criminals are not punished – crime spreads.
We’ve known for hundreds of years that the failure to punish financial fraud destroys economies, as it destroys all trust in the financial system.
We’ve known for centuries that monopolies and the political influence which accompanies too much power in too few hands are dangerous for free markets.
We’ve known for hundreds of years that companies will try to pawn their debts off on governments, and that it is a huge mistake for governments to allow corporate debt to be backstopped by government.
We’ve known for centuries that powerful people – unless held to account – will get together and steal from everyone else.
We’ve known for hundreds of years that standing armies and warmongering harm Western civilization.
We’ve known for 200 years that allowing private banks to control credit creation eventually destroys the nation’s prosperity.
We’ve known for two centuries that a fiat money system – where the money supply is not pegged to anything real – is harmful in the long-run.
We’ve known for 200 years that a two-party system quickly becomes corrupted.
We’ve known for over a century that torture produces false and useless information.
We’ve known since the 1930s Great Depression that separating depository banking from speculative investment banking is key to economic stability. See this, and 80 years that inflation is a hidden tax.
We’ve known for 79 years that war is a racket that benefits the elites but harms everyone else.
We’ve known since 1988 that quantitative easing doesn’t work to rescue an ailing economy.
We’ve known since 1993 that derivatives such as credit default swaps – if not reined in – could take down the economy. And see this.
We’ve known since 1998 that crony capitalism destroys even the strongest economies, and that economies that are capitalist in name only need major reforms to create accountability and competitive markets.
We’ve known since 2007 or earlier that lax oversight of hedge funds could blow up the economy.
And we knew before the 2008 financial crash and subsequent bailouts that:
- The easy credit policy of the Fed and other central banks, the failure to regulate the shadow banking system, and “the use of gimmicks and palliatives” by central banks hurt the economy
- Anything other than (1) letting asset prices fall to their true market value, (2) increasing savings rates, and (3) forcing companies to write off bad debts “will only make things worse”
- Bailouts of big banks harm the economy
- The Fed and other central banks were simply transferring risk from private banks to governments, which could lead to a sovereign debt crisis
the source
