I don’t know much about financial markets, it’s not my field, but I was wondering how you all think the market will do tomorrow?
Will it stabilize somewhat, finish at about the same as today, shoot up, or completely collapse?
What’s your educated guess?
Ok well i need to explain why I chose Westpac, Coca cola and Aristocrat (Australian Shares) to invest in. I thought id chose them since they are popular .. but i dont know i need to write around 400 words . So i was just wondering does nyone know a website that could help or any ideas why they are good shares to invest in… thank you in advance
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Daily Market Commentary for November 6, 2008 from Millennium-Traders.Com
Buyers remain on the sidelines and even still, they are definitely not looking to take any chance in getting in on these heavy market losses taken by stocks as of yet. (read more)
http://www.millennium-traders.com/news/newscommentary.aspx
Economic data released today:
Jobless Claims:
U.S. Jobless Claims in week of November 1 fell 4K to 481K compared to survey of unchanged; U.S. Continuing Claims for week of October 25 rose by 122K to 3,843,000; U.S. Jobless Claims for week of October 25 Week revised to 485K from 479K; U.S. Insured Unemployment for week of November 1 highest since 1983.
Productivity and Costs:
U.S. Third Quarter Non-Farm Productivity increased by 1.1 percent compared to consensus of an increase by 0.4 percent; U.S. Third Quarter Unit Labor Costs increased by 3.6 percent compared to consensus of an increase by 3.0 percent.
At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the session on the world market as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit loss of 443.48 points on the day to end the trading session at 8,695.79
NYSE (New York Stock Exchange) triple digit loss of 344.77 points to end the trading session at 5,667.40
National Association of Securities Dealers Automated Quotations (NASDAQ) loss of 72.948 points to end the trading session at 1,608.70
S&P 500 loss of 47.89 points to end the trading session at 904.88
FTSE All-World excluding U.S. loss of 8.58 points to end the trading session at 148.73
FTSE RAFI 1000 triple digit loss of 198.88 points to end the trading session at 3,495.23
BEL 20 (BEL20) loss of 66.56points to end the trading session at 2,132.87
CAC 40 (CAC40) triple digit loss of 230.86 points to end the trading session at 3,387.25
FTSE100 (UKX100) triple digit loss of 258.32 points to end the trading session at 4,272.41
NIKKEI 225 (NIK/O) triple digit loss of 622.10 points to end the trading session at 8,899.14
New York Stock Exchange (NYSE) stock market indicators for the day:
Advanced stock prices 547, declined stock prices 2,658; unchanged stock prices 50; stock prices hitting new highs 3 and stock prices hitting new lows 119. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: Charles River Laboratories Incorporated (NYSE: CRL) stock price shed 7.03 points on the trading session, high on the trading session $30.00, low on the trading session $25.65 with a closing stock price at $26.87; Amdocs Limited (NYSE: DOX) stock price shed 4.29 points on the trading session, high on the trading session $120.18, low on the trading session $18.16 with a closing stock price at $19.34; FTI Consulting Incorporated (NYSE: FCN) stock price shed 15.07 points on the trading session, high on the trading session $45.50, low on the trading session $37.80 with a closing stock price at $43.11; Vulcan Materials Company (NYSE: VMC) stock price shed 3.20 points on the trading session, high on the trading session $57.07, low on the trading session $50.24 with a closing stock price at $53.10; Goldman Sachs Group Incorporated (NYSE: GS) stock price shed 6.71 points on the trading session, high on the trading session $88.80, low on the trading session $79.41 with a closing stock price at $80.72; Ultrashort Financial ProShares Corporation (NYSE: SKF) stock price gained 15.90 points on the trading session, high on the trading session $146.21, low on the trading session $128.23 with a closing stock price at $143.33; Potash Corporation Saskatchewan (NYSE: POT) stock price shed 7.98 points on the trading session, high on the trading session $85.44, low on the trading session $76.62 with a closing stock price at $78.90; CNOOC Limited (NYSE: CEO) stock price shed 9.27 points on the trading session, high on the trading session $74.90, low on the trading session $68.13 with a closing stock price at $68.79; Proshares Ultrashort (NYSE: EEV) stock price gained 9.50 points on the trading session, high on the trading session $104.40, low on the trading session $90.60 with a closing stock price at $100.90; MEMC Electronic Materials Incorporated (NYSE: WFR) stock price shed 2.09 points on the trading session, high on the trading session $19.56, low on the trading session $17.50 with a closing stock price at $17.74; Canadian Natural Resource Limited (NYSE: CNQ) stock price shed 7.08 points on the trading session, high on the trading session $50.66, low on the trading session $42.73 with a closing stock price at $44.57; Integrys Energy Group Incorporated (NYSE: TEG) stock price shed 4.30 points on the trading session, high on the trading session $46.00, low on the trading session $42.29 with a closing stock price at $43.62; Toyota Motor Corporation (NYSE: TM) stock price shed 13.28 points on the trading session, high on the trading session $71.67, low on the trading session $64.80 with a closing stock price at $67.09; MasterCard Incorporated (NYSE: MA) stock price shed 12.57 points on the trading session, high on the trading session $155.67, low on the trading session $138.55 with a closing stock price at $143.30; CME Group Incorporated (NYSE: CME) stock price shed 22.39 points on the trading session, high on the trading session $288.74, low on the trading session $258.00 with a closing stock price at $259.66.
National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators today:
Advanced stock prices 631; declined stock prices 2,249; unchanged stock prices 106; stock prices hitting new highs 5; stock prices hitting new lows 182. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: First Solar Incorporated (NasdaqGS: FSLR) stock price shed 8.10 points on the trading session, high on the trading session $148.76, low on the trading session $135.77 with a closing stock price at $143.60.
Market trends on the American Stock Exchange (AMEX) and stock market indicators for today:
Advanced stock prices 269; declined stock prices 677; unchanged stock prices 68; stock prices hitting new highs 3 and stock prices hitting new lows 27.
Chicago Board of Trade Futures Market activity for the day, at time of this posting for December 2008 Contracts:
E-mini S&P 500 (ES) end of day price 903.00 change -55.00
E-mini NASDAQ-100 (NQ) end of day price 1,241.00 change -65.25
E-mini S&P SmallCap 600 (SMP) end of day price 266.10 change -9.90
$5 DJIA (YM) end of day price 8,680 change -495
World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7873 to U.S. Dollars 1.2702
Japanese Yen 97.70 to U.S. Dollars 0.0102
British Pound 0.640 to U.S. Dollars 1.5626
Canadian Dollar 1.1946 to U.S. Dollars 0.8371
Swiss Franc 1.1786 to U.S. Dollars 0.8485
Commodity Markets:
Energy Sector: Light Crude (NYMEX: NYM) shed $4.53 on the day for a closing price of $60.77 a barrel ($US per barrel)
Heating Oil (NYMEX: NYM) shed $0.11 on the day for a closing price of $1.94 a gallon ($US per gallon)
Natural Gas (NYMEX: NYM) shed $0.29 on the day for a closing price of $7.20 per million BTU ($US per mmbtu.)
Unleaded Gas (NYMEX: NYM) shed $0.09 on the day for a closing price of $1.34 a gallon ($US per gallon)
Metals Markets:
Gold Market Price (COMEX: CMX) shed $10.20 on the day for a closing price of $732.20 ($US per Troy ounce)
Silver (COMEX: CMX) shed $0.40 on the day for a closing price of $10.06 ($US per Troy ounce)
Platinum (NYMEX: NYM) shed $41.70 on the day for a closing price of $838.30 ($US per Troy ounce)
Copper (COMEX: CMX) shed $0.09 on the day for a closing price of $1.73 ($US per pound)
Livestock and Meat Markets (cents per lb.):
Lean Hogs (Chicago Mercantile Exchange: CME) gained 0.35 on the day for a closing price of 54.4838
Pork Bellies (Chicago Mercantile Exchange: CME) no change on the day for a closing price of 83.80
Live Cattle (Chicago Mercantile Exchange: CME) shed 0.98 on the day for a closing price of 93.30
Feeder Cattle (Chicago Mercantile Exchange: CME) shed 1.80 on the day for a closing price of 98.98
Other Commodities (cents per bushel):
Corn (Chicago Board of Trade: CBT) shed 12.25 on the day for a closing price of 378.00
Soybeans (Chicago Board of Trade: CBT) gained 2.00 on the day for a closing price of 906.00
Bond Market:
2 year bond gained 4/32 on the day for a closing price of 100 13/32 with a Yield of 1.28, Yield Change -0.07
5 year bond gained 6/32 on the day for a closing price of 101 10/32 with a Yield of 2.46, Yield Change -0.04
10 year bond gained 3/32 on the day for a closing price of 102 15/32 with a Yield of 3.69, Yield Change -0.01
30 year bond shed 9/32 on the day for a closing price of 105 3/32 with a Yield of 4.17, Yield Change -0.00
Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com
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Stock markets world over are considered to be the best earner of the returns on the money. That said not everybody who invests in the stock markets becomes rich like Warren Buffet . However millions of people have become rich to some extent by the stock markets or at least they have earned above average returns on the money they invested.Yes there are risks involved in the world of stock marekts but those risks can be less if you have a long term view as opposed to a short term view.
Next is the issue of getting your feet wet in the stock markets before you take the plunge into the choppy waters of the stock markets. The best advice they have given on the stock markets is that it is not for the faint hearted. Also, the other advice is that stock markets carry more risk than any other type of investments but as they say higher the risk higher the gain. If you need to learn about the functioning of the stock markets then your best bet is to actually trade yourself. Your next step should be to open up an account at either an on-line trading company or brokerages or go to a full service broker which can guide through the whole investment process.Go ahead and get a broker if you fear about trading yourself.These brokers though charge a hefty premium but also the risk is whether these brokers are working for their commission rather in your genuine interests.
If want to learn the stock market without the hassles opening up a brokerage account then your best bet is to buy a stock market simulator software or a stock market basics learning DVD which can teach a few basics about the stock market without investing in the stock market.The caveat here is that these software do not have that essential element of unpreditability which is oh so there in the real worlkd stock market.
Another factor to consider while learning the stock market is that you have to be very cautious in the early stages so as to learn the basics and not make any big gambles on the market. Those gambles and making huge bets that you hear people made and got huge amounts of profits will come later once you have got perfection in the art of picking the right stocks.
That said learn the basics of the trade marekt and you will never regret.
When I was younger the biggest question I had was working out where can I learn about the stock market? I brought up by two amazing parents who gave me all of the love and support that any child could ask for but unfortunately they knew nothing about investing. This is a common problem for lots of children that are interested in subjects that their parents of family have very little knowledge in. So what is a person supposed to do they want some stock market advice or a few stock market books? Basically I want to know ‘Where can I learn about the Stock Market?’.
Well I am here to tell you that we are living one of the most amazing times in history. Every single person in the western world has access to the internet. If you can’t afford it at home then most cities have public libraries that will offer free access. What does this have to do with learning about the stock market and stock market information? Everything!
No one should ever need to ask where can I learn about the stock market any more because there is enough quality free stock market information available on the internet for everybody to get stock market help. If you want stock market programs or stock market reports they are available for free on line. If you are interested in a particular stock market book or a stock recommendation chances are they will be available online. Do you follow the asx stock or the dow stock, do you live in Japan or Denmark? It simply doesn’t matter because with the internet you will be able to find high quality information about the share market of your choice.
So rather than asking where can I learn about the stock market, perhaps you should be asking what can I learn about the stock market? Let’s have a quick look at the different levels of stock market educations available.
1. The most basic ‘where can I learn about the stock market’ questions are for complete beginners eg. What is the share market? What are stock shares? How do I buy stock?
2. The second level of ‘where can I learn about the stock market’ education is to start looking at some stock market strategies. For instance should you simply buy and hold or are there better ways to make bigger and safer profits? You can also start looking at some analysis and stock market graphs or stock market software. At this stage you should definitely start keeping an eye on a group or stocks and the stock market prices
3. The last level of ‘where can I learn about the stock market’ education is to start thinking about buying actual stocks and implementing strategies. For instance there are many companies that will give you a complete stock market report or a particular stock report. There are plenty of websites that send out a free daily stock market update. These reports are incredibly beneficial to the novice investor as it allows them to start understanding the language and beliefs of a professional investor.
So what are you waiting for? I never want to here the question where can I learn about the stock market again. Simply get on the internet and start researching the stock market today.
Most people would liken stock trading with gambling. However, in truth, the two couldn’t be more different. In fact, stock trading isn’t simply buying and shares as well. Developing a good trading strategy is the key to making it in the stock market. A stock market simulator, is an online game application that duplicates aspects of real-life stock markets, from trading strategies and information, down to the varying stock market hours of the different stock exchanges. Read on and know more about how you can learn and practice stock trading with an online stock game simulator.
Two types of online stock game applications are available online for you to practice stock trading skills and strategies. Naturally, no real money is involved; play money is used, so you can practice stock trading without the financial risk. The two types of stock market simulators are: Financial and fantasy stock game simulators.
If you want to practice stock trading through a fictional portfolio based on real stock entries, scenarios and stock market hours, then the financial stock market simulator is the best one for you. Because this type of stock market simulator downloads and processes real and actual stock trading numbers and information, most online trading websites that offer these free stock games use a delayed data feed, that sends the information well after the end of the stock market hours. This prevents any abuse of the stock market simulator and the system by unscrupulous traders who want an edge before the start of the stock market hours of the next day.
Most online simulator systems ensure that the stock market information and data may not be used to do actual stock trading before, during and after stock market hours using their information. Safe, reliable and enjoyable, a financial stock market online simulator is a great way for you to practice actual stock trading scenarios and gain experience and a working strategy before you move up to the real thing.
Another type of simulator is the fantasy simulator. This type lets you practice stock trading through thoroughly hypothetical yet amusing settings. While it retains many essential features of the stock market like premium stock picks and options, trading tickers, regular stock market hours, other traders, among others. But unlike the financial simulator application, fantasy stock market simulators feature imaginary stocks that, while representing real items, would never be actually traded in a real stock market trading setting.
Traded items in fantasy stock market simulators would include questions on how long books will last on selected bestseller lists, the box-office success of specific movies, antics of infamous celebrities, rankings and statistics of sports teams and events, and more. The value of a fantasy stock market simulator is in its application of stock market principles and how these may work given a stock trading setting.
The simulator uses the analogy to teach anyone with no background in trading understand how the stock market works. Fantasy stock market simulators use these items because they are familiar to a lot of people, thus opening opportunities for learning online stock trading to more and more people. This is one way where you get to practice stock trading techniques and strategies while having fun.
Getting the hang of how shares are bought and sold, and how other variables like stock market hours affect your investments are all part of your learning experience. Learning the ropes with a stock market simulator is one of the best ways to get you started with trading stocks.
The Whitney Theater (Hamden, CT) marquee advertised movies for children (“Gidget”…”The High and the Mighty”). Every kids matinee, the manager would pick a ticket out of a large popcorn box. He would give the winner candy, free soda and popcorn, or a toy connected to the movie.
One afternoon he read the numbers on my ticket stub. The prize was an air-pumped rocket. My friend Elly and I went to an open field, pumped it as hard as we could, and let it go. It went straight up, stalled, lost momentum, nose-dived and hit the sidewalk.
Stock Markets soar and crash too. Stock Market traders sometimes become kids with a toy. Every day the market pumps itself up. Indices spiral upward making many giddy with kiddish delight; nobody wants this rocket to fall from its lofty heights. With little notice, the market stalls, momentum is lost, and markets crash.
Simple laws of gravity inform us that upward moves of any force require energy and momentum. The stock market is ruled by the same laws. Markets cannot, will not, and have not moved in one direction without correcting. This means that bull markets are not forever, and bear markets are bearable.
“What happened?”
My toy rocket did not give me any warning when falling to reality. Stock markets project warning signs when upward momentum stalls. You never want markets to go up forever. It is best when markets move up, pause, contract, and build a base before making their next move.
A base-line provides support for a market index like the Dow or the S&P. Long support lines give investors solace because it takes a lot of sellers to break through it. A support line or base (see image) is a trading pattern of stock buying and selling with little price change.
No support means the market index has potential to keep falling until it finds a support line/base or bottom. Markets stall when reaching a high price on average daily stock trading volume. Bulls (buyers) will strain to push the markets upward, but Bears (sellers) thwart the momentum. An excessive number of sellers (many more than the average) can force an index/stock to new lows.
“Make it go higher!”
My toy rocket did not reach heights too fast. Elly and I were ten or eleven years old; we wanted that rocket to disappear in the clouds. Many investors act the same way; they want the markets to go up and up because it means more money. When markets hit successive days of positive returns, investors get starry-eyed. We like it when Neil Cavuto (among others) reports new highs for the Dow (read ” The Dow Jones Industrial Average: Failing the Average Investor” by Steven Selengut).
Dizzying heights cause most investors to miss subtle market moves. Stocks/indices must move higher on strong buying volume. When markets reach a bench-marked high level, getting past it will take three times the average number of daily buyers.If the price stalls at the bench-marked high and the buying volume is less than the daily average, index prices decline.
“Don’t worry.”
Elly never worried; I always worried. When that rocket went off, I feared it would break a window or hurt someone. Elly said, “Just pump it Ray and let it go!” Some stock investors never worry. Wise Wall Streeters know that “The market needs to climb a wall of worry.” War, high oil prices, poor consumer sentiment, and Federal Reserve rate increases are walls of worry. Euphoric investors topple markets.
Something to Fear
The Vix Index is the “fear index” When the Vix spikes, worry increases; when the Vix is down, optimism is excessive. Today, May 22, 2006), the Vix spiked. The VIX “is a good indicator of the level of fear or greed in U.S. and global capital markets. When investors are fearful, the VIX level is significantly higher than normal.” (Antognelli, Ferreira, McArdle, and Traub. “Fear and Greed in Global Asset Allocation.” The Journal of Investing. (Spring 2000), pp. 27 – 32). Every rocket must return to earth for refueling. I learned this with my friend Elly and my toy rocket.
Want to build a toy rocket? Gary Rollins tells you how in his articleBuilding A Model Rocket Can Be A Great Learning Experience
How many points was the down that day compared to today Sept,15,2008.
I feel like someone took a stick and beat the heck out me today.
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