As a young trader I was taught about the “Wall Street Journal Effect” where seasoned traders took profits when an article appeared in the paper. Things have changed with the Internet, which gives access to information like never before, but the premise is the same.
July 22nd, 2009 | Alan Knuckman | 0 comments | ContinuedArchive for Alan Knuckman
Commodity expert Alan Knuckman hails from the home of commodity trading in Chicago, where he began as a clerk on the floor of the Chicago Board of Trade (CBOT). Alan's worked in the commodity markets for 18 years - and is devoted to raking in profits for his readers.
The Bubble of All Bubbles In Treasuries
This last-gasp financial plan to purchase and support the Treasury market was and is, at best, a short-term fix to prevent the bubble of all bubbles from bursting. If we flash back to last fall, the stock market panic was driving some investors to guarantee a negative return on their money for the safety of the full faith and credit of the Federal Reserve. That same money that ran to bonds in order to escape equities is in danger of unwinding and going on the move again – after all, money goes where it is treated best. Don’t believe me? Just ask Warren Buffett…
June 17th, 2009 | Alan Knuckman | 2 comments | Continued