Current Feed Content from 30 Sep 08 07:15
Top money story : bailout plan is rejected
2008-09-29T23:53:00.004+03:00Top money story : bailout plan is rejected
Ok money top story is not good.
The House did not approve the bailout plan of 700 Billion US dollars although as we said yesterday a deal was almost done.
Now the response to this bad money news are :- Stocks tumbled with very large losses. Dow Jones down 8% or 778 points, Nasdaq down 9% or 200 points and Standard & Poor 500 down 9% or 107 points.
- Oil down 10% or 10.52 dollars per barrel to 96.36 USD per barrel which of course are great money news
- A financial crisis seems to have unfortunately a lot of power and future.
- Politicians are the best money and financial makers ever. They should go fishing rather than deal with the economy. They do not have a clue about economics or finance.
Yes they rule countries!
SO GET BACK TO REALITY.
A FEW MONTHS AGO A GREAT FINANCIAL MAGAZINE HAD ON ITS COVER THE TITLE "WHAT WHERE THEY SMOKING?
SO WHAT ARE THEY SMOKING?WHAT DO THE POLITICIANS THINK?AS WE SAID IT IS THE BEST WORST MONEY DECISION TO TAKE.
AND THEY HAVE TO TAKE NOW A DECISION FOR THE BEST OF ALL.YES IT IS UNFAIR FOR THE US CITIZENS TO TAKE THE BURDEN. BUT THEY ARE THE ONES WHO VOTED THE POLITICIANS TO BRING UP THIS FINANCIAL CRISIS AND MESS.
WE CONDEMN THESE IRRATIONAL AND RECKLESS ACTIONS AND DECISIONS.POLITICIANS GET BACK TO REALITY FROM PLANET MARS!IT IS A MATTER OF GLOBAL ECONOMY NOT JUST THE US!Stavros GeorgiadisFinancial bailout deal finally reached
2008-09-28T13:07:00.002+03:00Money blog</span>
So a financial bailout is finally reached.
Although we believe that economy should be free from politics in this crisis a deal like this is probably the best way to save the economy.
Of course the implications of this deal to save the US economy from a recession will take a lot of debate, argument and time to realize its true value.
Money does not grow in the trees or falls from the sky when it rains.
We will see more closely what is truly happening in the coming days.
The most important thing is that a recession would be catastrophic for major global Economies.Stavros GeorgiadisFinancial bailout plan falls apart
2008-09-26T10:33:00.002+03:00Financial bailout plan falls apart.
Like we knew it!Yesterday we said financial bailout agreement was reached but :
Wait and see.A short rally is not telling much.We want to evaluate the situation for a couple of days.
So we must not be naive. Money lost does not grow in the trees.Lets wait a few days and see.Do not rush in the rally, although many stocks seem cheap.Not in technical analysis but mainly in fundamental analysis.
And today we learn that Washington Mutual (Ticker WM) will be bought by JP Morgan having the largest bank failure in history.How did Washington Mutual was troubled?
The Oscar of getting paid millions to going bankrupt goes to :
The nominees are :
1. Top CEO executives in Wall street
2.The Fed
3.The current US Government
Who will get this money failure oscar?Stavros GeorgiadisFinancial bailout agreement reached
2008-09-25T21:45:00.002+03:00Financial bailout agreement reached.
Top breaking money news.
Lets wait to see about how the stock market will react to this top money news.
Wait and see.A short rally is not telling much.We want to evaluate the situation for a couple of days.
So we must not be naive. Money lost does not grow in the trees.Lets wait a few days and see.Do not rush in the rally, although many stocks seem cheap.Not in technical analysis but mainly in fundamental analysis.
The money blog.
Make internet money and internet income with a web money business.Stavros GeorgiadisMoney Business and Politics
2008-09-25T15:55:00.001+03:00Money Business and Politics.These 3 go together?Or not?
Since we are facing a very large financial mistake that cots only 700 USD billions something is wrong here.
The subprime crisis was caused by the banks granting mortages without applying strict financial and money analysis of the borrowers.
Now the taxpayers must face the mistakes of a total financial system.
Unfair!
And some try to exploit negative publicity by postponing the presidential campaign claiming that this is the best moral thing to do.
In a nutshell :
Money and business always go together!
Politics do not!Stavros GeorgiadisMarine Money Greek Ship Finance Forum
2008-09-24T17:10:00.001+03:0010th Annual Marine Money Greek Ship Finance Forum
Thursday, 9 October 2008, Athens Ledra Marriott Hotel
Registration Deadline is 3 October 2008
The Registration Form is available at: http://www.marinemoney.
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Note: Included in the Delegate Fee is an invitation to attend the following
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Capital Product Partners L.P. *** late evening ***
Event Agenda is available on the Marine Money website at: http://www.
marinemoney.com/forums/GR08/index.htm
Anchor Sponsor: Fortis Bank Greek Branch
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10th Anniversary Party Sponsor: Capital Product Partners L.P.
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Rose & Co. LLC * Excel Maritime Carriers Ltd. * International Registries, Inc.
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BI Norwegian School of Management * Blank Rome * Cantor Fitzgerald & Company
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Mobile: +30 697 22 100 69 Tel: (+30) 210 9858 809 Fax: (+30) 210 9842 136
E-mail: mia@marine-marketing.gr www.marinemoney.comStavros GeorgiadisGoogle phone
2008-09-24T13:19:00.004+03:00Google phone , TMobile G1 phone Android powered has been unveiled. Google mobile telephony is a fact.
Also Google cell phone market, Google mobile phone market , Google cell phone advertising and Google mobile phone advertising.
Some very special features about Google phone :
" 1. Android, the free software powering the G1, is a crucial building block in Google's efforts to make its search engine and other services as accessible on cell phones as they already are on personal computers. The company believes it eventually might make more money selling ads that get shown on mobile devices than on PCs, a channel that will generate about $20 billion in revenue this year.
2.Both Yahoo Inc. and Microsoft Corp. also are investing heavily in the mobile market in hopes of preventing Google from extending the dominance it enjoys in searches initiated on PCs."
So what is the great news about Google Android?And Google phone?
Google wants to dominate in the mobile arena and mobile market.But Microsoft and Yahoo want theirs share also. A lot of money is at stake.A new web money business.
Make internet money and internet income with a web money business.
The internet business blog
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The cell phones store
The mobile phones storeStavros GeorgiadisBernanke: Approve bailout or risk recession
2008-09-23T22:48:00.002+03:00Latest on financial crisis.
Bernanke: Approve bailout or risk recession
Well our view about the financial crisis is Blame the FED.
src="http://d.yimg.com/ds/badge2.js"
badgetype="medium">
ARTICLEURLStavros GeorgiadisBlame the Fed for financial crisis
2008-09-23T12:44:00.003+03:00Money special report :Blame the Fed for financial crisis
Financial crisis is more severe than we thought.700 Billion US Dollars bailout plan.Collapse of major financial institutions such as Lehman Brothers.Money report : Blame the Fed and the SEC for financial crisis.
Blame the US Government.Since the money blog is an independent European money blog we are free to express our opinion for this financial crisis and money mess.We blame the Fed, The SEC and the current US Government for this mess.
Why do we blame them?- The Fed for failure at reading the wrong messages from banks and trying to be the white knight to rescue the economy.It failed.
- The SEC for not being very strict on procedures to report financial statement analysis from companies
- The current US Government for failure at surveillance and imposing stability at the financial system and the slide of the dollar.
Stavros GeorgiadisOil makes biggest single-day price jump ever
2008-09-23T11:10:00.003+03:00Oil makes biggest single-day price jump ever
Many reasons why this happened :- Contracts of oil futures expired yesterday
- Unease about the government's $700 billion bailout plan pummeled the dollar and spurred investors to buy safe-haven assets
- Financial crisis
- Speculation
Make internet money and internet income with a web money business.
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The money on the webStavros GeorgiadisDaily market commentary 22/09/2008
2008-09-23T10:54:00.001+03:00Money.
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DAILY MARKET COMMENTARY
22 September 2008
Monday
_____________________________________________________________________
GCI Foreign Exchange Research: www.gcitrading.com/fxnews/
FX Research Desk: fxnews@gcitrading.com
_____________________________________________________________________
Fundamental Outlook at 1400 GMT (EDT + 0400)
€
The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4735 level and was supported around the $1.4435 level. Technically, today’s intraday high was right around the 76.4% retracement of the move from $1.4310 to $1.6040. Group of Seven finance ministers and central bank governors released a statement this weekend that pledged “heightened close cooperation” to safeguard the international financial system. Group of Seven officials convene in Washington, D.C. on 10 October. The U.S. government announced a plan late last week to initiate a US$ 700 billion asset purchase plan to transfer toxic assets off of banks’ balance sheets. The plan could be similar to the Resolution Trust Corporation vehicle the U.S. government enacted at least fifteen years ago. The Federal Reserve gave tentative permission this weekend for Goldman Sachs and Morgan Stanley to transition from investment banks to commercial banks, a move that would open them up to more stringent regulatory scrutiny. The United Arab Emirates’ central bank established an emergency bank lending facility worth 50 billion UAE dirhams for banks operating in the UAE while Reserve Bank of Australia injected A$ 2.025 billion in liquidity. Interbank funding rates eased today with three-month dollar rates at 3.15% today, down from 5% last week. Two-year dollar swap spreads were around 118 bps today compared with 155 bps last week, an indication of decreasing risk aversion. In eurozone news, the European Central Bank allotted US$ 40 billion in overnight funds at 3.25%. Euro bids are cited around the US$ 1.3840 level.
¥/ CNY
The yen appreciated sharply vis-à-vis the U.S. dollar today as the greenback tested bids around the ¥105.90 level and was capped around the ¥107.15 level. Technically, today’s intraday high was right around the 23.6% retracement of the move from ¥95.70 to ¥110.65. As expected, former foreign secretary Taro Aso became the new head of the Liberal Democratic Party and will likely be voted the next Prime Minister by parliament on Wednesday. Aso is likely to call a snap election after being elected. Minutes from Bank of Japan’s August Policy Board meeting were released in which policymakers expressed concern that the U.S.’ economic stagnation could become prolonged. Data released in Japan overnight saw the July all-industries index up +0.8% m/m while the Q2 output gap was downwardly revised to -0.4%, the first negative print in seven quarters and evidence of decreasing demand. Finance minister Ibuki said he “welcomed” the U.S. government’s plan to manage bad debts on banks’ balance sheets and said he doesn’t see the need for Japan to do the same thing. BoJ will offer its first ever U.S. dollar funding on Wednesday, providing US$ 30 billion in one-month funds. The Nikkei 225 stock index gained 1.42% to close at ¥12, 090.59. U.S. dollar bids are cited around the ¥102.45 level. The euro gained ground vis-à-vis the yen as the single currency tested offers around the ¥156.60 level and was supported around the ¥153.80 level. The British pound and Swiss franc came off vis-à-vis the yen as the crosses tested bids around the ¥194.25 and ¥96.30 levels, respectively. The Chinese yuan appreciated vis-à-vis the U.S. dollar today as the greenback closed at CNY 6.8300 in the over-the counter market, down from CNY 6.8350.
₤
The British pound appreciated vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.8545 level and was supported around the $1.8260 level. Stops were reached above the $1.8480 level, representing the 38.2% retracement of the move from $2.0155 to $1.7440. Bank of England lent US$ 26 billion today at an average rate of 2.056% in an attempt to provide U.S. dollar liquidity. Data released in the U.K. today saw Rightmove September house prices off 3.3% y/y. BoE Deputy Governor Gieve reported “While we must remain vigilant for any signs of inflation expectations drifting upwards, the news on that front is encouraging. On the other side the risk we must be careful not to underestimate is the deflationary consequences of the credit crisis.” Cable bids are cited around the $1.7605 level. The euro moved higher vis-à-vis the British pound as the single currency tested offers around the ₤0.7970 level and was supported around the ₤0.7885 level.
CHF
The Swiss franc appreciated sharply vis-à-vis the U.S. dollar today as the greenback tested bids around the CHF 1.0735 level and was capped around the CHF 1.1050 level. Technically, today’s intraday low was right around the 38.2% retracement of the move from CHF 1.2465 to CHF 0.9645. Traders moved into the Swiss franc on safe-haven buying. Swiss National Bank allotted US$ 10 billion at an average rate of 2.72%. U.S. dollar offers are cited around the CHF 1.1430 level. The euro and British pound weakened vis-à-vis the Swiss franc as the crosses tested bids around the CHF 1.5880 and CHF 1.9945 levels, respectively.
Technical Outlook at 1230 GMT (EDT + 0400)
(Bid Price) (Today’s Intraday Range)
EUR/ USD 1.4623 1.4642, 1.4435
USD/ JPY 106.45 107.15, 105.92
GBP/ USD 1.8450 1.8476, 1.8261
USD/ CHF 1.0936 1.1051, 1.0925
AUD/ USD 0.8376 0.8407, 0.8281
USD/CAD 1.0403 1.0512, 1.0394
NZD/USD 0.6915 0.6932, 0.6815
EUR/ JPY 155.60 156.03, 153.80
EUR/ GBP 0.7926 0.7928, 0.7885
GBP/ JPY 196.21 197.00, 194.26
CHF/ JPY 97.36 97.49, 96.30
Support Resistance Support Resistance
EUR/ USD USD/ JPY
L1. 1.3840 1.4975 106.60 113.30
L2. 1.3320 1.5175 102.45 115.90
L3. 1.2675 1.5380 101.95 117.45
GBP/ USD USD/ CHF
L1. 1.7420 1.9135 1.0705 1.1475
L2. 1.6450 1.9525 1.0505 1.1610
L3. 1.5445 1.9835 1.0340 1.1910
AUD/ USD USD/ CAD
L1. 0.8095 0.8885 1.0440 1.0940
L2. 0.7910 0.9220 1.0130 1.1205
L3. 0.7685 0.9370 0.9720 1.1870
NZD/ USD EUR/ JPY
L1. 0.6590 0.7275 153.00 164.35
L2. 0.6440 0.7520 153.30 165.40
L3. 0.5930 0.8105 145.65 167.80
EUR/ GBP EUR/ CHF
L1. 0.7730 0.8310 1.5895 1.6250
L2. 0.7555 0.8570 1.5730 1.6470
L3. 0.7440 0.8790 1.5610 1.6760
GBP/ JPY CHF/ JPY
L1. 188.55 200.50 94.15 100.15
L2. 181.15 206.00 91.30 103.30
L3. 173.75 214.65 87.40 105.30
SCHEDULE
Sunday, 21 September 2008
all times GMT
(last release in parentheses)
2301 UK September Rightmove house prices (-2.3% m/m)
2301 UK September Rightmove house prices (-4.8% y/y)
2350 Japan August Bank of Japan Policy Board meeting minutes
2350 Japan July all-industry activity index (-0.9% m/m)
Monday, 22 September 2008
all times GMT
(last release in parentheses)
N/A Japan August supermarket sales (0.9% y/y)
N/A Japan August convenience store sales (11.7% y/y)
1230 Canada July retail sales (0.5% m/m)
1230 Canada July retail sales, ex-autos (1.4% m/m)
Tuesday, 23 September 2008
all times GMT
(last release in parentheses)
0200 NZ Q3 Westpac consumer confidence (81.7)
0645 France August consumer spending (-0.4% m/m)
0645 France August consumer spending (1.0% y/y)
0730 Italy September consumer confidence
0830 UK August BBA house purchase loans
0900 Eurozone July industrial new orders (-0.3% m/m)
0900 Eurozone July industrial new orders (-7.4% y/y)
1100 Canada August consumer price index (0.3% m/m)
1100 Canada August consumer price index (3.4% y/y)
1100 Canada Bank of Canada CPI, core (0.1% m/m)
1100 Canada Bank of Canada CPI, core (1.5% y/y)
1400 US September Richmond Fed manufacturing index (-16)
1400 US July house price index (0.0% m/m)
2350 Japan Q3 BSI large all industry (-15.2)
2350 Japan Q3 BSI large manufacturing (-15.1)
Wednesday, 24 September 2008
all times GMT
(last release in parentheses)
N/A Australia September DEWR skilled vacancies (-1.7% m/m)
N/A Japan September PMI, manufacturing (46.9)
N/A Germany September consumer price index
0645 France September business confidence indicator (98)
0730 Italy September business confidence
0800 Germany September Ifo, expectations (87.0)
0800 Germany September Ifo, business climate (94.8)
0800 Germany September Ifo, current assessment (103.2)
0800 Eurozone July current account (-€8.2 billion)
0800 Italy July retail sales (-0.5% m/m)
0800 Italy July retail sales (-3.4% y/y)
1100 US MBA mortgage applications
1400 US August existing home sales (5.00 million)
1400 US August existing home sales (3.1% m/m)
2350 Japan August merchandise trade balance
2350 Japan August corporate service prices (1.3% y/y)
Thursday, 25 September 2008
all times GMT
(last release in parentheses)
N/A Australia Reserve Bank of Australia Financial Stability Review
N/A Australia August HIA new home sales (-7.2% m/m)
N/A Germany October GfK consumer confidence (1.5)
N/A UK September Nationwide house prices (-1.9% m/m)
N/A UK September Nationwide house prices (-10.5% y/y)
0800 Eurozone August M3 money supply (9.6%)
0800 Italy July trade balance
1230 US August durable goods orders (1.3%)
1230 US August durable goods orders, ex-transportation (0.7%)
1230 US Weekly initial jobless claims
1230 US Continuing jobless claims
1400 US August new home sales (515, 000)
1400 US August new home sales (2.4% m/m)
1440 US Chicago Fed President Evans speaks
1700 US Federal Reserve Governor Warsh speaks
2245 NZ Q2 GDP (-0.3% q/q)
2245 NZ Q2 GDP (1.9% y/y)
2330 Japan September Tokyo CPI (1.3% y/y)
2330 Japan September Tokyo CPI, ex-food, energy (0.2% y/y)
2330 Japan August CPI (2.3% y/y)
2330 Japan August CPI (0.2% y/y)
2330 US Dallas Federal Reserve President Fisher speaks
2350 Japan Foreign purchases of Japanese equities and bonds
2350 Japan U.S. purchases of foreign equities and bonds
Friday, 26 September 2008
all times GMT
(last release in parentheses)
0645 France Q2 GDP (-0.3% q/q)
0645 France Q2 GDP (1.1% y/y)
0645 France September consumer confidence
0800 Italy August hourly wages
0930 CH September leading indicator (0.68)
1230 US Q2 GDP, annualized (3.3% q/q)
1230 US Q2 personal consumption expenditure (2.1% q/q)
1400 US September University of Michigan consumer sentiment
1400 US St. Louis Federal Reserve Bank President Bullard speaks
DISCLAIMER: GCI’s Daily Market Commentary is provided for informational purposes only. The information contained in these reports is gathered from reputable news sources and is not intended to be used as investment advice. GCI assumes no responsibility or liability from gains or losses incurred by the information herein contained.Stavros GeorgiadisMoney blog on money
2008-09-21T19:25:00.005+03:00Money blog
Money blog exist a lot.Many blogs claim to be money blogs.
But what are really the qualifications to be a real top money blog?
With the latest financial crisis that is a top serious matter who can really talk about money?
Someone who is an Economist?
Or just another bubble money blog pops up?- Bubble money blog
- Fake money blog
- Pretending money blog
- Wanna be money blog
- Wishing to be money blog
- When I grow up I wanna be a money blog
The money newspaper is coming soon.
The money newsletter is coming soon.
The money on the internet is coming soon.
The money on the web is coming soon.
The business on the internet is coming soon.
Lets put the money blog definition.
Make internet money and internet income with a web money business.
The internet business blog.Money blog
Stavros Georgiadishttp://feeds.feedburner.com/~r/themoneyblog/TLNT/~3/396282141/surviving-financial-tsunami-better-part.html
2008-09-18T15:44:00.006+03:00Money and business report.
Surviving the Financial Tsunami
The Better Part of Valor
By Chris Nelder
Wednesday, September 17th, 2008
If you have any money in the market, you probably have just one question on your mind right now: "What should I do?"
Monday was the worst day in the markets since the Sept. 11 attacks of 2001, after the news about the liquidation of Lehman Brothers and the emergency buyout of Merrill Lynch by Bank of America over the weekend.
For bankers, Sundays just aren't what they used to be.
To complete the trifecta of terror, AIG, the largest insurance company in the country, announced that it was on the ropes and desperately trying to raise enough cash to stay afloat. They needed a fix immediately, and by Tuesday night they had it: another $85 billion bailout by the Fed.
We've been anticipating this meltdown for most of the year, as regular readers of this column know. The bodies that were buried under a thick mud of cleverly sliced and diced loan-backed securities were bound to float up to the surface in the next 100-year flood.
And that's what we have here. Some have called it a financial tsunami, others a hurricane. Alan Greenspan called the global financial crisis it a "once-in-a-century type of event."
Choose your metaphor, but the result is the same: widespread devastation.
Even gold and commodities, the safe havens that investors typically turn to in times like these, are being sold off.
The markets just aren't working the way one would expect them to. For example...
Oil and Gasoline
The recent hurricanes have reduced Gulf oil supply by 20 million barrels, and a quarter of the U.S. refinery capacity is offline. Gasoline stockpiles are at their lowest levels since 2000, and headed for record lows.
Normally that would mean higher prices for oil and gasoline.
But these are not normal times.
Instead, as the financial markets melted down, oil had its steepest two-day slide since 2004. Oil has been in freefall since its July peak at $147, touching $91 on Tuesday and closing at $93, a level it has not seen since February. And all the important technical indicators are pointing to further selling.
Gasoline has only experienced a slight uptick from around $3.70 to $3.80 a gallon since the hurricanes began, after experiencing its own freefall from the July peak around $4.11.
This tells me that the selling has been indiscriminate and probably overdone, because I estimate that the trendline price would be closer to $120 a barrel now. On the other hand, as the financial meltdown eventually translates into a global slowdown, even the fundamentals may be impacted as demand cools. It may be time to rethink our outlook for oil demand.
Gold
Gold plunged from a high of $981 on July 15 to $782 on Tuesday, after going as low as $741 on 9/11.
The action in silver is basically the same.
Interestingly, the chart for gold is nearly identical to that for oil.
What this tells us is that broader market conditions, like the valuation of the dollar, lowered global growth expectations, and the ebb and flow of big money from hedge funds and institutions, are dictating prices much more than the fundamentals.
Sea Sickness and Storm Surges
Still reeling from a 4% loss on Monday, the major averages see-sawed for most of Tuesday before charging up to a more than 1% gain on the day. This was even as AIG went down the Street hat-in-hand, and Goldman Sachs reported a 70% slump in profits for the third quarter.
Why?
Because this time, the Fed opted to defend the dollar, rather than cutting rates. I think that was the right call, since taking the other path courts hyperinflation. What we really have here is a liquidity of credit problem, which can't really be resolved by lower rates, and that problem seems to be getting addressed. The Fed pumped $120 billion into US banks between September 15 and 16, expanded its lending to investment banks for the first time, and agreed to accept more types of assets as collateral.
Those moves have assuaged the markets somewhat for now, but we are still in an extremely precarious position.
It will likely take months to unwind the estimated $700 billion in trades in which that Lehman was involved. But before all that is done, we will have not only a continuing fallout in the financial sector, but a financial storm surge (if you will) that swamps related parties, like insurance companies.
The sectors of the economy that depend heavily on getting credit will be whacked next, like automakers and construction companies. And it certainly isn't going to help the mortgage market to recover.
Plus there is a whole raft of banks in danger of going under. Addressing that issue will necessitate recapitalizing the FDIC, because it only has $50 billion in its accounts—not enough to cover a new run on the banks.
For now, there are still two major investment banks left standing—Goldman Sachs and Morgan Stanley—but experts like Nouriel Roubini, an economics professor at New York University, expect them to be gone in a matter of months, as they succumb to the same flawed business model that did in Bear Stearns and Lehman.
We could be looking at a major reorganization of the banking industry, pairing investment banks with commercial banks that are more tightly regulated and which have actual deposits. It could take a good long while to put this mess straight and win the confidence of investors again.
Meanwhile, the US economy remains, as Roubini put it, reliant "on the kindness of strangers" to keep buying Treasuries and keep our leaky boat afloat. Virtually all of our half-trillion annual deficit is borrowed from foreign banks, principally in Japan and China.
Including the AIG loan, the Fed just added $205 billion more to the country's debt load in the last two days. And it's not over yet. Not even hardly.
When In Doubt, Sit It Out
The stock market hasn't been this messed up since the Great Depression. Look around: Every sector, including the traditional safe haven of gold and commodities, is being sold off as hedge funds and banks scramble to raise cash.
There is nowhere to run, and nowhere to hide. The selling is indiscriminate.
In times like these, cash is king. Cash and bonds are the only true safe havens right now, and until all the scared money has scuttled off to hide under a rock, your investments are at risk.
If you've been holding onto your positions in energy and commodities, as we have recommended, rest assured that we feel your pain, and have had our fair share as well.
We still believe that a recovery in the sectors is somewhere up ahead, but with the bottom falling out of the markets the way it has been, it's getting increasingly difficult to say when. This could go on a whole lot longer than anybody would like.
So if you want to protect your capital and take it off the table, we can't blame you. I have lightened up on my holdings considerably until the dust settles a little. That's what the smart money seems to be doing. It certainly isn't rushing in to scoop up bargains.
As Falstaff said after feigning death in King Henry the Fourth, Part One, "The better part of valour is discretion; in the which better part, I have saved my life."
This is no time to be a hero. It's a war zone out there, and the better part of valor is to keep your head down and your powder dry, and live to fight another day.
Until next time,
Chris
Energy and capitalStavros GeorgiadisMoney report : The richest people
2008-09-18T15:44:00.002+03:00Money report.The richest people in America by Forbes.
400 most rich people by Forbes.
Money tip.
Start an internet business.
Make internet money
Make internet incomeStavros GeorgiadisMake money online : a complete guide
2008-09-17T13:31:00.004+03:00
Internet money. Internet income. The money on the internet.
Money blog.
Start a web money business to make money on the web.
An internet money guide, a money encyclopedia, a money newsletter and a money newspaper are our money ideas and money plans.
But first we need much web traffic and readers.
So step 1 to make money online : Get many web traffic, web traffic = sales = money = business.
A blog is the favorite web 2.0 application as it has fresh content and search engines love it!So start a blog, money blog or internet business blog.
business
economy
linksStavros GeorgiadisMarket Mastery 6 pack free investing and trading report
2008-09-16T16:43:00.003+03:00Special money , trading and investing report.
Don't place another stock trade until you see this brand new, FREE material...
(October, 2008 Update)
"You're About To Discover The 5
'Recession Proof' Trading 'Attack Plans'
That You Can Use To Enhance ANY Trading
Method At ANY Time In ANY Market..."
(FREE 'Market Mastery 6-Pack' training shows you how in just 20 minutes a night...)
Inside you'll learn:
The 4 "cornerstone components" Wall Street insiders have used for decades to dramatically put the odds of success in their favor, and how you can do it, too (part 1, page 25).
The "core essentials" of stock trading that will let you "leapfrog" over other traders, giving you a "fast track" that would otherwise take months, or years to achieve (part 2).
The 4 "emotion stabilizers", inspired by Einstein, that finally help keep "fear & greed" out of the picture once & for all (part 1, page 55).
Step-by-step tactics for applying my "Optimal Profit Exit Strategy". This is one of my favorite ways to enjoy profit-taking as quickly as possible (part 6).
The 5 "profit poison" market conditions that you should avoid at all costs that practically eliminate risk (bonus video).
How to drastically reduce your "time in the trenches" trading stocks by spending only 20 minutes a day. This discovery makes it all possible (part 1, page 64).
...and a whole lot more, as I reveal the critical & crucial strategies you need to maximize your profit potential in my brand new 'Market Mastery 6-Pack' multimedia training materials. Free, for a limited time.
Just use your First Name and valid Primary Email Address as your password below to gain FREE access to my 'Market Mastery 6-Pack' training materials, then click the "Free Instant Access!" button to enter (use the same password when returning - all information is kept 100% confidential). Allow the next page a few seconds to load.
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Copyright © 2001 - 2008 Profits Run, Inc. All Rights Reserved. By entering, you agree to the terms and conditions found here, and our earnings disclaimer found here. By entering your email address you are also requesting and agreeing to subscribe to receive our free trading newsletter. You must be 18 or older to enter.
Disclaimer: Futures, forex, stock, and options trading is not appropriate for everyone. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the information on this website will generate profits or ensure freedom from losses.Stavros GeorgiadisBlog marketing
2008-09-16T12:12:00.005+03:00Blog marketing is an essential tool for maximum blog visibility and money making business.
Money blog is about money breaking news, business news, money ideas, money posts.
Money blog posts :- Money storm
- Money top story
- Oil collapse
- Money humor
- Why the rich always get richer
- Housing bubble
- Who killed the economy
- Business video
- Yahoo
- The smart way to get rich
- Blog money
- Money
- Money articles
- The price of money
- Bear Sterns speculation puzzle
- Bear Sterns
Blog Marketing versus Traditional Collateral Marketing
Blog Marketing
- Interactive
- Collaborative
- Community
- Online User Group
- Frequent Updates
- Smaller digestable topics
- More of a personal approach
- Blogs can include links to collateral as well as webinars
Traditional Collateral Marketing
- Collateral can be too boilerplate
- Collateral must be downloaded from a website
- Collateral and corporate websites often do not change
- Cost of producing collateral may be an inhibitor for start-ups
- Time to Market
- Impersonal
So money blog. We will let readers, Technorati and Search Engines decide which is the top money blog.
Make internet money and internet income with a web money business.
The internet business blog.Stavros GeorgiadisMoney breaking news 15/09/2008
2008-09-15T21:18:00.005+03:00Money breaking news :Top stories- Bank of America agrees to buy Merrill Lynch for 50 billion USD
- NY Fed hosting meetings on AIG: official
- Wall Street crisis could put Fed rate cut in play
- Meltdown shakes up Wall Street's workers
- Oil drops below 100 USD to 7month low
Money and financial crisis ahead in the US and in global financial system?Lets not make quick conclusions.But news are today very bad.
Treasury Secretary Henry Paulson said he "never once" considered it would be appropriate to put taxpayer money at risk to resolve the problems at Lehman Brothers. And also he said that Americans should stay confident in US financial system.
The bad news could be a financial turmoil or hurricane.The housing bubble with the subprime crisis is still very recent.
A top Economist said that Americans should worry about their deposits if Congress doesn't act.
This is very bad and worrying news.
Lets try to evaluate being calm this new financial crisis.
The money blog.
Make internet income and internet money with a web money business.
The internet business blog.Stavros GeorgiadisCredit cards and travel expenses
2008-09-15T15:06:00.004+03:00Can Credit Card Rewards Save Money on Travel Expenses?
Rewards credit cards can be extremely beneficial when they are used correctly – but when they're not, sometimes they actually end up costing the cardholder more! Travel themed rewards programs and incentives are extremely popular, and show no sign of slowing down due to the current, struggling economy. If you want to use credit card rewards to save money on your travel expenses, here's what to do:
Research Thoroughly
If you know you need a rewards program that helps you save money or earn free flights, spend time comparing the various travel rewards cards. You're looking for the card that offers the most reward in exchange for how you know you will personally use the credit card. If you never shop at a home improvement store, it doesn't make sense to select a credit card that offers the highest percentage of rewards based on purchases made at the home improvement store!
The most popular credit card programs with airline rewards are the co-branded cards. These cards feature both the name of the airline and the credit card logo supporting the rewards - Visa, Discover, American Express or Mastercard.
You can often find credit cards offering a free companion ticket or free flight for making your first purchase on the new card. Some airlines give free trips every 25, 000 miles earned. Find a card with the highest miles per dollar spent to accelerate your rewards earnings as much as possible.
Pick One and Become Loyal
It rarely pays to try and have multiple credit cards with rewards programs. The best way to benefit from a rewards card is to use that particular credit card for all of your monthly purchases and then make the payment in full when the statement arrives. This allows you to accumulate the most rewards earnings possible without breaking your budget. If you try to use different cards, you'll probably forget which card rewards for which type of purchase, and end up overspending and blowing your budget. It's better to select a rewards program that offers more of the rewards you want and simply focus on using it as much as possible while still having the ability to pay it off every month.
If you carry a balance from month to month, the amount you pay in interest and finance fees will almost always cost you more than what you're earning in rewards for the same month.
Accumulation of Rewards
Most rewards programs work the same: you earn a percentage back for every dollar spent on the card. Sometimes you'll earn it in the form of miles, sometimes you'll earn it as cash back or points – but the calculations are based on the amount you spend.
What you'll want to pay close attention to are the details as to how you earn extra rewards with your card. Some cards offer higher reward earnings for purchases made in a certain category, or with certain merchants and it pays to understand these details so you can make adjustments in your lifestyle to accumulate greater rewards.
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Debbie Dragon is a freelance writer who provides articles for CreditorWeb.com. She frequently writes about credit cards, rewards programs, and general personal finance issues.
You can see examples of Debbie Dragon writing by visiting the sites she writes regularly for, www.americanconsumernews.com, www.destroydebt.com, or www.creditorweb.com or by viewing other guest blog posts she has written for other people's sites:
http://www.onemillionandbeyond.com/blog/2008/02/19/simplify-your-monthly-budget-with-a-credit-card/
http://www.bizfive.com/articles/business-finance/benefits-business-credit-cards/
http://www.studentplatinum.com/student-credit-card-blog/2008/01/14/dont-major-in-credit-card-debt/
http://www.youngmoney.com/credit_debt/credit_basics/22Stavros GeorgiadisLehman Brothers
2008-09-15T14:26:00.002+03:00Lehman Brothers bankruptcy is the top money news today.Wall Street on red alert
As we said Wall stret has a favorite song :
Getting away with it all messed up
Make internet money and internet income with a web money business.
The internet business blog.
The money blog.Stavros Georgiadis
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