Obama officially changes the name of America’s highest peak from McKinley to Denali.
Democratic candidates will soon gain access to the most powerful voter targeting tool yet created.
Students and parents protesting Chicago school closures enter 11th day of hunger strike.
A veteran documented his slow descent into suicide for an unlistening Facebook audience.
Meet the writer behind the movement to get vets writing.
New Tesla scores 103 from Consumer Reports—it’s the first model to break the century mark.
Some amazing technologies never actually monetize, and Twitter might be one of them.
Oliver Sacks died this weekend; read from a collection of his late-life meditations.
Unbelievable menus from Atlantis, Avalon, and Shangri-La.
“Everyone else is becoming fungible, sought only for their reliability and low cost.”
Flying moose, cloaked bison, a turtle in the bathroom: the moving-out of a natural history museum. #photos
See also: “The Morning News Guide to Urban Etiquette: New York City.”
Growing concerns about China push the euro higher and lift the UK-based financial derivatives dealer to the top of the table
Interested in day trading? These articles provide information you should know, depending on which market you trade (stocks, forex, futures). These articles are from VantagePointTrading.com, as well as Daytrading.about.com where you can read two new articles by me every week. Find the articles helpful? Like, Share or Tweet and help others out as well.
If you didn’t catch the massive article on How to Day Trade Stock in Two Hours or Less (Extensive Guide), check…
The post 4 Day Trading Articles to Help You Improve appeared first on Vantage Point Trading.
So much movement out there early this week, but overall I didn’t end up taking too many forex swing trades. Only managing to bump the account up by +0.75%, this is my worst week in ages, but there are a few key lessons to take from this week…so keep reading. This week reminded me just how fine the line is between profitability and losing.
After watching the EUR skyrocket, and AUD, NZD and USD plummet…
The post Forex Swing Trades: “My worst week in ages!” +0.75% appeared first on Vantage Point Trading.
The euro has strengthened to its highest level since January, undermining the ECB's weak euro strategy and sparking a debate among FX strategists on whether the common currency should be considered a safe haven
The Swiss bank makes two new appointments in London and one in New York
In another migrant tragedy, boat capsizes off Libyan coast; up to 200 people are believed dead.
The crowd can hear the rumbling and starts to shout and jostle. On the ground with Europe’s migrants.
Donald Trump is Bill Clinton: Both are hypomanic with impulse issues.
Donald Trump is Henry Ford: Both ran for the GOP nomination on a xenophobic platform.
For about a decade, the world’s happiness index has settled in at 71.
The most common hurdle to knowing the minds of others: We don’t realize how egocentric we are.
The truth is that our children have never been safer. The diminishing marginal returns of parental anxiety.
The government’s hurry was likely driven by a desire to reassure tourists. Glossing over a Bangkok bombing.
Buzz Aldrin is plotting a 2039 Mars mission to colonize the planet.
Apple Music’s Halsey and the rise of the one-platform star.
“For the first time ever, one billion people used Facebook in a single day.”
“For the most part, the scamming in sugar dating is mutual.” #longreads
“Love is not a game. Tinder is.”
Asean economies aim to settle more trade and investment in local currencies; initiative will reduce ‘exposure to volatility of global settlement currencies' and business costs
The global markets have experienced a late summer swoon, blamed on factors including concerns about slowing growth in China and the impact of a potential increase in US interest rates this autumn. Whatever the reason, we think it is important to put these types of market corrections in context, remain calm and look for potential opportunities. We don’t know for sure whether the market rout has ended, or has further to go. We would note that many of the world’s stock markets have not seen a significant correction in many years. Individual markets like Brazil or Russia are down more than 30% this year, but many others have not experienced losses that we would classify as being in a bear market. General pessimism and uncertainty prevails in markets right now, so it is possible some markets could fall further before we see stabilization. Nevertheless, over the last 20 years or so, our team has witnessed a general increase in volatility in all markets (equity, commodities and fixed income) brought on, we think, by increased use of derivatives and the strong influence of changing government policies spread by an exponential increase in news flow on the Internet. We do know valuations in a number of markets and sectors were getting quite expensive, so this market downturn isn’t all that surprising to us. Most notably in China, it was clear to us that the domestic A-Share market had seen intense speculation that had taken over and pushed that market up to unsustainable highs in record time on the back of government encouragement. With the inevitable denouement taking place, Chinese investors are now complaining about their market losses and the government has been active in trying to revive the market’s fortune. China’s central bank has cut interest rates this week (the fifth rate cut since November), and has loosened reserve requirements. There isn’t a whole lot central bankers can do when the money that is already in the system isn’t being put back into the market; not only because confidence has been lost but also because of various prudential requirements, the banks have not increased lending. China’s central bank hopes its latest measures will enable the release of money from the banking system. My main message during times like these? Don’t be afraid to buy when everyone else is selling. But remember also that the best time to buy is when all the sellers have finished their selling—which may be easier said than done! Bulls and Bears and Opportunities While market declines can be painful for investors, we like to view them as periods of opportunity; we look to pick up bargains in anticipation of an eventual market recovery. I have studied stock markets in emerging countries and found that their bull markets have generally lasted longer than their bear markets, and the bull markets have tended to go up more in percentage terms than bear markets went down.1 Of course, how emerging markets behaved in the past does not necessarily predict how they will behave in the future, but I believe one must take a long-term view and average your investments over a period of time—attempting to time the market can be a frustrating exercise. It can take fortitude to invest when the outlook is bleak and others are selling, but that’s often when the best values can be uncovered—if you do your homework. That said, we use market corrections like the one we are experiencing to very cautiously and very selectively pick up stocks for our portfolios. Right now, we are particularly interested in consumer-oriented stocks in China and a number of other emerging market countries, because that is where we see growth long term. Our Views on China Haven’t Changed Despite recent market volatility, we consider the long-term outlook for China’s market and economy to be good. We don’t view this recent correction as the start of any sort of economic or market collapse underway, and it doesn’t change our view on investing there. I would like to highlight some reform efforts in China that we believe appear to be positive: Ongoing efforts are being made to rebalance the economy away from exports and investment and toward domestic consumption, boosted by a continued rapid rise in wages. Plans to address overcapacity and promote an open, fair and transparent market suggest a more robust attitude to long-term profitability of state-owned enterprises (SOEs). While SOE reform has been a bit slow, we expect continued progress. We believe a more commercial approach among managements of SOEs could have a positive influence; we recently spoke with a manager from a major Chinese oil company who said they are implementing a system where pay is tied to performance. That’s the type of thing we are looking for, and view as positive. Monetary policy easing in China, the eurozone and Japan is supportive of the financial system and the sustainability of debt. A lot of attention has been given to slowing gross domestic product (GDP) growth in China. It bears repeating—China’s growth rate may be slowing, but one of the things that gets lost in translation is that while the percentage increases in the economy are indeed slowing down, but the actual dollar amounts are going up. When China’s economy was growing at 10% in 2010, about US$844 billion was added to the economy, but with growth at 7.7% in 2013, US$986 billion was added.2 I would also emphasize that 7% growth is nothing to sneeze at, either, given the size of China’s economy. It should not be a shock to see growth slow. I recently visited a mega-shopping mall in China, “The New Century Global Center in Chengdu.” This 1.7 million square meter mall—more like a small town—contains offices, shops, more than 800 hotel rooms, a skating rink and a water park with an artificial beach and an artificial sun. During my visit, the mall was packed and hotel rooms full. This provided confirming evidence to me of the retail sales numbers we have...
Investment Adventures in Emerging Markets - Notes from Mark Mobius
Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team based in 15 global emerging markets offices and manages emerging markets portfolios. As he spans the globe in search of investment opportunities, his “Investment Adventures in Emerging Markets” blog gives readers a taste for what he does, when, where, why and how. Dr. Mobius has written several books, including “Trading with China,” “The Investor’s Guide to Emerging Markets,” “Mobius on Emerging Markets,” “Passport to Profits,” “Equities—An Introduction to the Core Concepts,” “Mutual Funds—An Introduction to the Core Concepts,” ”The Little Book of Emerging Markets,” and “Mark Mobius: An Illustrated Biography."
The global markets have experienced a late summer swoon, blamed on factors including concerns about slowing growth in China and the impact of a potential increase in US interest rates this autumn. Whatever the reason, we think it is important to put these types of market corrections in context, remain calm and look for potential opportunities. We don’t know for sure whether the market rout has ended, or has further to go. We would note that many of the world’s stock markets have not seen a significant correction in many years. Individual markets like Brazil or Russia are down more than 30% this year, but many others have not experienced losses that we would classify as being in a bear market. General pessimism and uncertainty prevails in markets right now, so it is possible some markets could fall further before we see stabilization. Nevertheless, over the last 20 years or so, our team has witnessed a general increase in volatility in all markets (equity, commodities and fixed income) brought on, we think, by increased use of derivatives and the strong influence of changing government policies spread by an exponential increase in news flow on the Internet. We do know valuations in a number of markets and sectors were getting quite expensive, so this market downturn isn’t all that surprising to us. Most notably in China, it was clear to us that the domestic A-Share market had seen intense speculation that had taken over and pushed that market up to unsustainable highs in record time on the back of government encouragement. With the inevitable denouement taking place, Chinese investors are now complaining about their market losses and the government has been active in trying to revive the market’s fortune. China’s central bank has cut interest rates this week (the fifth rate cut since November), and has loosened reserve requirements. There isn’t a whole lot central bankers can do when the money that is already in the system isn’t being put back into the market; not only because confidence has been lost but also because of various prudential requirements, the banks have not increased lending. China’s central bank hopes its latest measures will enable the release of money from the banking system. My main message during times like these? Don’t be afraid to buy when everyone else is selling. But remember also that the best time to buy is when all the sellers have finished their selling—which may be easier said than done! Bulls and Bears and Opportunities While market declines can be painful for investors, we like to view them as periods of opportunity; we look to pick up bargains in anticipation of an eventual market recovery. I have studied stock markets in emerging countries and found that their bull markets have generally lasted longer than their bear markets, and the bull markets have tended to go up more in percentage terms than bear markets went down.1 Of course, how emerging markets behaved in the past does not necessarily predict how they will behave in the future, but I believe one must take a long-term view and average your investments over a period of time—attempting to time the market can be a frustrating exercise. It can take fortitude to invest when the outlook is bleak and others are selling, but that’s often when the best values can be uncovered—if you do your homework. That said, we use market corrections like the one we are experiencing to very cautiously and very selectively pick up stocks for our portfolios. Right now, we are particularly interested in consumer-oriented stocks in China and a number of other emerging market countries, because that is where we see growth long term. Our Views on China Haven’t Changed Despite recent market volatility, we consider the long-term outlook for China’s market and economy to be good. We don’t view this recent correction as the start of any sort of economic or market collapse underway, and it doesn’t change our view on investing there. I would like to highlight some reform efforts in China that we believe appear to be positive: Ongoing efforts are being made to rebalance the economy away from exports and investment and toward domestic consumption, boosted by a continued rapid rise in wages. Plans to address overcapacity and promote an open, fair and transparent market suggest a more robust attitude to long-term profitability of state-owned enterprises (SOEs). While SOE reform has been a bit slow, we expect continued progress. We believe a more commercial approach among managements of SOEs could have a positive influence; we recently spoke with a manager from a major Chinese oil company who said they are implementing a system where pay is tied to performance. That’s the type of thing we are looking for, and view as positive. Monetary policy easing in China, the eurozone and Japan is supportive of the financial system and the sustainability of debt. A lot of attention has been given to slowing gross domestic product (GDP) growth in China. It bears repeating—China’s growth rate may be slowing, but one of the things that gets lost in translation is that while the percentage increases in the economy are indeed slowing down, but the actual dollar amounts are going up. When China’s economy was growing at 10% in 2010, about US$844 billion was added to the economy, but with growth at 7.7% in 2013, US$986 billion was added.2 I would also emphasize that 7% growth is nothing to sneeze at, either, given the size of China’s economy. It should not be a shock to see growth slow. I recently visited a mega-shopping mall in China, “The New Century Global Center in Chengdu.” This 1.7 million square meter mall—more like a small town—contains offices, shops, more than 800 hotel rooms, a skating rink and a water park with an artificial beach and an artificial sun. During my visit, the mall was packed and hotel rooms full. This provided confirming evidence to me of the retail sales numbers we have...
Investment Adventures in Emerging Markets - Notes from Mark Mobius
Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group, joined Templeton in 1987. Currently, he directs the Templeton research team based in 15 global emerging markets offices and manages emerging markets portfolios. As he spans the globe in search of investment opportunities, his “Investment Adventures in Emerging Markets” blog gives readers a taste for what he does, when, where, why and how. Dr. Mobius has written several books, including “Trading with China,” “The Investor’s Guide to Emerging Markets,” “Mobius on Emerging Markets,” “Passport to Profits,” “Equities—An Introduction to the Core Concepts,” “Mutual Funds—An Introduction to the Core Concepts,” ”The Little Book of Emerging Markets,” and “Mark Mobius: An Illustrated Biography."
