By: David Goodboy of Street Authority
For a brief time in 1991, there was no question that I was going to earn a fortune.
By making a few lucky stock and option trades, I had accumulated a modest sum of trading capital in my brokerage account. Knowing that the United States was about to invade Iraq, I had no doubts that the markets would plunge as fears of Iraq's weapons and military capacity reached a fever pitch around the globe.
I decided to short the market with all of my meager funds. Knowing that the U.S. would invade any day, buying put options on the SP 100 index provided the most return for when the market plunged. As fate would have it, my timing on the invasion was dead on -- the U.S. launched the first airstrike the day after I purchased the put options. Continue reading "What The Syrian Crisis Means For Oil Prices"
With so many comments and votes on our Is Putin now dictating American diplomacy in the Middle East? poll - I thought that this newspaper clipping might help clear things up. It reminds me of the famous Abbott and Costello routine "Who's on first?"
Feel free to leave a comment and your viewpoint. Sometimes you just have to laugh at what is going on in the world. It really does help relieve the stress.
By Nick Giambruno, Editor, International Man
All of us by now have seen the latest sales pitch from the Obama administration for yet another so-called "humanitarian intervention" in the Middle East. It is not hard to see that the case for war is a bunch of rubbish and will likely end in disaster for both Syria and the US.
I am not diminishing the tragedy that is going on in Syria. The events there touch me on a personal level. I have good friends who live in Damascus and have been there myself several times when the situation wasn't so hot.
As some of you may know, I used to live in neighboring Beirut while I was cutting my teeth in finance at a regional investment bank. Due to its rich history and importance today, I have long been interested in the Middle East and sought ways to combine it with my professional background in finance. Continue reading "Syria and Second Passports"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Friday, the 6th of September.
Early this morning, I had a reporter call me in regards to the non-farm payrolls and my thoughts on what I expected. I must admit, non-farm payrolls was the furthest thing from my mind as I believe the market and the world is becoming consumed with Syria.
It seems we have half of the world against us, including Russia and China, which is not a good thing. Why we did not wait for the UN to provide some political cover is beyond me. I think President Obama has unfortunately dug a big hole for himself and is not sure how to get out of it. Continue reading "It's An All Syrian Headache Of A Weekend"
Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Wednesday, the 28th of August.
Countdown To Syria
There's no doubt about it, yesterday's news that the US was going to have a military response to Syria spooked the markets and sent the indices to their biggest loss in some time. Today, the markets are digesting what they went through yesterday. Of course, there are winners and losers in any economy, and tools like MarketClub's Trade Triangles can help you know when to hold and when to fold. Yesterday, I shared with you a major sell signal in Walmart (NYSE:WMT), potentially because of higher oil prices that are on the way. Continue reading "Today's Video Update: Countdown To Syria And Other Important Market Elements"