PBSSlim Job Growth in April, But Fewer Americans Reporting They WorkedPBSPeople wait in line at a job fair in the Queens borough of New York City. Photo by Spencer Platt/Getty Images. It's time for the unemployment news, and our monthly U-7, the mo…
NEW YORK (AP) — MasterCard’s first-quarter profit rose 25 percent on a big spike in card use overseas. The Purchase, N.Y.-based payments processor said Wednesday…
Most people seem to have a hard time understanding why the markets do what they do.
The only reason I don’t is that I’ve been trading professionally for 30 years.
Not that I “got it” when I started out. I didn’t. I had to learn. And I learned much of what I know the hard way. I made a lot of mistakes. I studied my mistakes, I still do, just as much as I study what moves markets and what I get right.
I’m always learning. That’s because everything changes. You have to always take in new data, mesh it with recent data, layer it over the past, and not ever think you know for sure what’s going to happen.
So, how do you do it? How do you understand what’s going on with different markets?
Here’s how I do it (and get it right a lot)…
It’s First and Foremost About the “Big Picture”
I synthesize all the big goings-on, all the headline market-moving news and data points, and I watch and “listen” to how the markets react.
Money moves markets, but psychology moves money.
Markets are living things. They have feelings; their reactions are a direct reflection of the psychological impact reflected in the buying and selling of traders (first) and investors (distantly second) to the goings-on that participants believe will affect the decision-making of other market participants.
Social fractals and social control myths help explain the complete corruption of America.
Correspondent Kathy K. recently elucidated a powerful concept: social fractals. We typically think of fractals–structures that are scale-invariant–as …
Call it the Big Selloff—America is headed toward a future in which fewer people own the spaces they call home. The effective homeownership rate, which excludes borrowers whose homes are underwater, stands at 62 percent, down from 69 percent in 2006…
All across the country tonight, Americans will be asking one important question: What’s for dinner?For an increasing number, the answer will be on a restaurant menu rather than their kitchen, according to a report released this week by Bank of Ame…
In an open letter posted on Reddit, a first year Wall Street analyst is doing his part to help Occupy Wall Street — by explaining how some of the things they’re most upset about actually work.
“I’m writing this in hopes that the OWS movement ca…
Amazing how responsive and efficient the government is when protecting the profits of the corporatocracy. Not that I’m defending copyright infringement.
Of course this has to be done to protect people from buying fake drugs. I’m wondering if the Fed …
PONTIAC, Mich.—To get to city hall, you drive up I-75, past the empty Silverdome where the Detroit Lions used to play, and into a nondescript concrete municipal building. The city clerk was laid off a few days ago, but the door to her office hangs…
Most people in America understand that, to fix our massive debt-and-deficit problem, we’re going to have to raise taxes and cut spending.
Raise taxes AND cut spending. Not one or the other.
But some people insist that the problem can be fixed by …