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Euro Stoxx index falls for the first time in 11 trading sessions

  
Analysis, Global Indices
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European indices move lower today

The major European indices have closed lower today.

  • The Euro Stoxx index fell for the first time in 11 trading sessions (10 higher closes).
  • The German Dax came off of a record levels.
  • The France’s CAC could not reach its all-time high from 2000
A look at the provisional closes shows:
  • German DAX, -0.5%
  • France’s CAC, -0.9%
  • UK’s FTSE 100, -1.0%
  • Spain’s Ibex, -0.83%
  • Italy’s FTSE MIB, -0.85%
The Euro Stoxx index fell -0.7%.
In other markets as London/European traders look to exit:
  • Spot gold plus $5.50 or 0.32% at $1784.85.
  • Spot silver is up for cents or 0.21% $23.75
  • WTI crude oil futures are down $0.35 or -0.49% at $67.60
  • bitcoin is trading down $773 at $46,248. The digital currency traded above $48,000 today
In the US stock market, the major indices are lower but off their lowest levels:
  • Dow is down -79 points or -0.22% at 35436
  • S&P index is down -16.29 points or -0.36% at 4451.53
  • NASDAQ is down 125 points -0.85% 14697.65
In the forex market, the CHF is now the strongest of the majors while the CAD remains the weakest. The USD is mixed with gains vs the CAD, AUD and NZD and declines vs the JPY and CHF. The greenback is near unchanged levels vs the EUR and GBP.

Bankers never learn

  
Education, Humour, Investment
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The reason for the Recession — simplified.

A naked and drunken woman boards a cab in London one night.

The Gujju driver keeps staring and does not start the cab.

Woman : Haven’t you ever seen a naked woman before ???

Gujju Driver : I am not staring at you lady ….. just wondering where you kept money to pay !!

The Moral : That is what most of the American and European banks failed to do. (i.e.) Assessing repayment capacity before taking exposure !!!

Long live Gujju enterprise…

A new investment scam out there

  
  Education
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NEW SCAM100% return in 4 weeks ! (Guaranteed)
Trick 1) ; Client has to show that he has at least 1 M $USD (with due diligence done on the source of the funds)
Trick 2) ; Client’s funds are never removed from his bank (they show you their contracts, urgent you to show your lawyers, and bankers).
Trick 3) ; Bank issues a confirmation that client has the 1 M $ (clean money)
Trick 4) ; The salesmen then pretends that traders in London will borrow money based on that “confirmation document” and invested in the Forex market ; he then pretends that my client will collect 100% in 4 weeks.
Salesmen usually look above 40, well dressed.
Where is the trick ? Psychological ……….
1) Safety ; they repeat over and over that your money stays with you
2) They call you everday (after market close), and tell you what they traded 🙂
3) After 4 weeks of daily calls, you are so pumped up that you want your 100%
NOW.
4) Before paying you, they ask you to pay the traders, and the salesmen
commissions.
5) You pay 5% ……. then ? Nothing comes …….
Pure psychology ……
Pass this info around
PS : your friends will be in denial at first ; telling you that your are jealous ….

For peace sake!

  
Education, Humour, Life
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Two Palestinians boarded a flight out of London. One took a window seat and the other sat next to him in the middle seat.. Just before takeoff, a rabbi sat down in the aisle seat. After takeoff the rabbi kicked his shoes off, wiggled his toes and was settling in when the Palestinian in the window seat said, ‘I need to get up and get a coke. ”Don’t get up,’ said the rabbi, ‘I’m in the aisle seat, I’ll get it for you.’ As soon as he left, one of the Palestinians picked up the rabbi’s shoe and spat in it..  When the Rabbi returned with the coke, the other Palestinian said, ‘That looks good I’d really like one, too.’ Again, the rabbi obligingly went to fetch it. While he was gone the other Palestinian picked up the rabbi’s other shoe and spat in it.  When the rabbi returned, they all sat back and enjoyed the flight. As the plane was landing, the rabbi slipped his feet into his shoes and knew immediately what had happened. He leaned over and asked his Palestinian neighbors: ‘Why does it have to be this way?  How long must this go on? This fighting between our nations? This hatred? This animosity? This spitting in shoes and pissing in cokes?’

George Soros loads up on gold

  
Analysis, Education, Gold / Silver
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soros-gold

So why is Soros buying gold?  Though he believes gold is the ultimate bubble, he had said before that he likes to ride bubbles.  But unlike most investors, Soros usually knows when to get out.

From the WSJ:

LONDON—Investor George Soros doubled his bet on gold at the end of 2009 amid rising prices, a filing with the U.S. Securities and Exchange Commission showed.

The filing, made late Tuesday for the financial period ended Dec. 31, comes after Mr. Soros made comments during the World Economic Forum in Davos, Switzerland, in late January calling gold an asset bubble. He told media at the time that the low-interest-rate environment creates a condition for bubbles to develop and that gold is the ultimate bubble…..

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