14 Apr, 2010
While you may not need to worry about stock fraud when trading for your own forex account, any investor or speculator in the financial markets would do well to at least have a basic familiarity of what is involved in a stock fraud.
Unlike foreign currencies which trade in a huge, global marketplace, stocks of small companies can lend themselves to manipulation and fraudulent practices more readily. The primary reason for this has to do with the nature of the stock market and the comparative lack of liquidity which does not usually present an issue in the currency market because of its size and depth.
As a result, stocks tend to be more carefully regulated and monitored by agencies such as the Securities and Exchange Commission which was founded in the aftermath of the huge stock market crash of 1929. A variety of different fraudulent practices involving stocks are listed in the sections below. Read the rest of this entry »
23 May, 2009
I had a good week in the markets this week. Treasuries were brutalized, while precious metals, especially silver, did well. I have been gradually pushing more portfolio in favor of commodities, especially silver, and betting against treasuries for a couple months now.
I believe politics and government will affect the economy significantly. With our current economic crisis and the people’s belief that the government must “do something,” I think we’ll see a lot of intervention.
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17 Jun, 2008
Over the past year, oil (the commodity) has rocketed upwards. In 2008 alone, USO (an ETF that track’s oil’s price) is up 44%. Over the past 52 weeks, this ETF is up around 12%. Oil’s price increase, and the associated increase gas costs, are all over the networks and on television. It seems you can’t watch a half hour news show without someone whining about the rising gas costs.
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25 Apr, 2008
I had a nice little run with Apple stock in the past couple of months (ticker symbol AAPL). In the midst of a Wall Street panic, I was able to pick up shares in the $130-$135 range.
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