FIG trader_

Is the Market Misreading the Fed?

Sitting in my bathrobe on a stool here in my island kitchen sipping coffee, and the best I can say is yep. It will probably be 50. whats a few more cents to the dollars demise. And if it is 25, it will make a difference to a few thousand gamblers/traders. Everything we are basing our predictions is in the past, but the ultimate impact is based on what happens in the future; Who knows what the collective actions of 300 millions of Americans and the impact on multi-trillion dollar economy will be? Did they (you) know what would happen when they were lowering (or raising) rates the first time? Its a game, and the closer you are to the inner circle, the sooner you will find out though that doesn't guarantee you success trading. To the latter writer, world domination by Wall Street doesn't serve only the US upper class, but increasingly the elite around the world. The sick thing is that not only are working stiffs supporting the trust funds of rich Americans, but increasingly their taxes are going to pay pensions of middle class Europeans and Asians

Bullish on the Dow? Everything's Relative, or Not

As a self proclaimed strategist, I'm surprised how uninformed it is. How could one possibly not consider returns for the second most important currency in the world (Euro), where the economy represents probably close to 20% of world GDP, and than suggest it would be equally as relevant to compare "Gold" returns (glad he used Gold and not another commodity). The amount of money the real Euro-based economy can absorb is relevant, as is that of Japan. Certainly not the "gold" economy or the energy business for that matter. To shrug it off by suggesting that the relative comparisons have been around for a long time seems unprofessional, since they are quite releveant for global managers using MSCI indices