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cad[/acronym]=0"] Web of Debt By Ellen Hodgson Brown This book exposes important, often obscured truths about our money system and our economic past and future. Our money is not what we have been led to believe. The creation of money has been "privatized," or taken over by a private money cartel. It is all done by sleight of hand, concealed by economic double-speak. "Web of Debt" unravels the deception and presents a crystal clear picture of the financial abyss towards which we are heading, pointing out all the signposts. Then it explores a workable alternative, one that was tested in colonial America and is grounded in the best of American economic thought, including the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care about financial security, your own or the nation's, you should read this book. Chapter 33 MAINTAINING THE ILLUSION: RIGGING FINANCIAL MARKETS The Dow is a dead banana republic dictator in full military uniform propped up in the castle window with a mechanical lever moving the cadaver’s arm, waving to the Wall Street crowd. – Michael Bolser, Midas (April 2004)1 While people, businesses and local and federal governments are barreling toward bankruptcy, market bulls continue to insist that all is well; and for evidence, they point to the robust stock market. It’s uncanny really. Even when there is every reason to think the market is about to crash, somehow it doesn’t. Bill Murphy, editor of an informative investment website called Le Metropole Cafe, described this phenomenon in an October 2005 newsletter using an analogy from The Wizard of Oz: Every time it looks like the stock market is on the verge of collapse, it comes back with a vengeance. In May for example, there were rumors of derivative problems and hedge fund problems, which set up the monster rally into the summer. The London bombings . . . same deal. Now we just saw Katrina and Rita precipitate rallies. There must be some mechanism at work, like the Wizard of Oz behind a curtain, pulling on strings and pushing buttons.2 What sort of mechanism? John Crudele writes that the cat was let out of the bag by George Stephanopoulos, President Clinton’s senior adviser on policy and strategy, in the chaos following the World Trade Center attacks. Stepanopoulos blurted out on “Good Morning America” on September 17, 2001: “[T]he Fed in 1989 created what is called the Plunge Protection Team, which is the Federal Reserve, big major banks, representatives of the New York Stock Exchange and the other exchanges, and there – they have been meeting informally so far, and they have kind of an informal agreement among major banks to come in and start to buy stock if there appears to be a problem. “They have, in the past, acted more formally. “I don’t know if you remember, but in 1998, there was a crisis called the Long Term Capital crisis. It was a major currency trader and there was a global currency crisis. And they, at the guidance of the Fed, all of the banks got together when that started to collapse and propped up the currency markets. And they have plans in place to consider that if the stock markets start to fall.”3 The Plunge Protection Team (PPT) is formally called the Working Group on Financial Markets (WGFM). Created by President Reagan’s Executive Order 12631 in 1988 in response to the October 1987 stock market crash, the WGFM includes the President, the Secretary of the Treasury, the Chairman of the Federal Reserve, the Chairman of the Securities and Exchange Commission, and the Chairman of the Commodity Futures Trading Commission. Its stated purpose is to enhance “the integrity, efficiency, orderliness, and competitiveness of our Nation’s financial markets and [maintain] investor confidence.” According to the Order: To the extent permitted by law and subject to the availability of funds therefore, the Department of the Treasury shall provide the Working Group with such administrative and support services as may be necessary for the performance of its functions.4 In plain English, taxpayer money is being used to make the markets look healthier than they are. Treasury funds are made available, but the WGFM is not accountable to Congress and can act from behind closed doors. It not only can but it must, since if investors were to realize what was going on, they would not fall for the bait. “Maintaining investor confidence” means keeping investors in the dark about how shaky the market really is. Crudele tracked the shady history of the PPT in his June 2006 New York Post series: Back during a stock market crisis in 1989, a guy named Robert Heller – who had just left the Federal Reserve Board – suggested that the government rig the stock market in times of dire emergency. . . . He didn’t use the word “rig” but that’s what he meant. Proposed as an op-ed in the Wall Street Journal, it’s a seminal argument that says when a crisis occurs on Wall Street “instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thus stabilizing the market as a whole.” The stock market was to be the Roman circus of the twenty-first century, distracting the masses with pretensions of prosperity. Instead of fixing the problem in the economy, the PPT would just “fix” the investment casino. Crudele wrote: Over the next few years . . . whenever the stock market was in trouble someone seemed to ride to the rescue. . . . Often it appeared to be Goldman Sachs, which just happens to be where [newly-appointed Treasury Secretary] Paulson and former Clinton Treasury Secretary Robert Rubin worked. For obvious reasons, the mechanism by which the PPT has ridden to the rescue isn’t detailed on the Fed’s website; but some analysts think they know. Michael Bolser, who belongs to an antitrust group called GATA (the Gold Anti-Trust Action Committee), says that PPT money is funneled through the Fed’s “primary dealers,” a group of favored Wall Street brokerage firms and investment banks. The device used is a form of loan called a “repurchase agreement” or “repo,” which is a contract for the sale and future repurchase of Treasury securities. Bolser explains: It may sound odd, but the Fed occasionally gives money [“permanent” repos] to its primary dealers (a list of about thirty financial houses, Merrill Lynch, Morgan Stanley, etc). They never have to pay this free money back; thus the primary dealers will pretty much do whatever the Fed asks if they want to stay in the primary dealers “club.” The exact mechanism of repo use to support the DOW is simple. The primary dealers get repos in the morning issuance . . . and then buy DOW index futures (a market that is far smaller than the open DOW trading volume). These futures prices then drive the DOW itself because the larger population of investors think the “insider” futures buyers have access to special information and are “ahead” of the market. Of course they don’t have special information . . . only special money in the form of repos. The money used to manipulate the market is “Monopoly” money, funds created from nothing and given for nothing, just to prop up the market. Not only is the Dow propped up but the gold market is held down, since gold is considered a key indicator of inflation. If the gold price were to soar, the Fed would have to increase interest rates to tighten the money supply, collapsing the housing bubble and forcing the government to raise inflation-adjusted payments for Social Security. Most traders who see this manipulation going on don’t complain, because they think the Fed is rigging the market to their advantage. But gold investors have routinely been fleeced; and the PPT’s secret manipulations have created a stock market bubble that will take everyone’s savings down when it bursts, as bubbles invariably do. Unwary investors are being induced to place risky bets on a nag on its last legs. The people become complacent and accept bad leadership, bad policies and bad laws, because they think it is all “working” economically. GATA’s findings were largely ignored until they were confirmed in a carefully researched report released by John Embry of Sprott Asset Management of Toronto in August 2004.6 An update of the report published in The Asia Times in 2005 included an introductory comment that warned, “the secrecy and growing involvement of privatesector actors threatens to foster enormous moral hazards.” Moral hazard is the risk that the existence of a contract will change the way the parties act in the future; for example, a firm insured for fire may take fewer fire precautions. In this case, the hazard is that banks are taking undue investment and lending risks, believing they will be bailed out from their folly because they always have been in the past. The comment continued: Major financial institutions may be acting as de facto agencies of the state, and thus not competing on a level playing field. There are signs that repeated intervention in recent years has corrupted the system.7 In a June 2006 article titled “Plunge Protection or Enormous Hidden Tax Revenues,” Chuck Augustin was more blunt, writing: . . . Today the markets are, without doubt, manipulated on a daily basis by the PPT. Government controlled “front companies” such as Goldman-Sachs, JP Morgan and many others collect incredible revenues through market manipulation. Much of this money is probably returned to government coffers, however, enormous sums of money are undoubtedly skimmed by participating companies and individuals. The operation is similar to the Mafia-controlled gambling operations in Las Vegas during the 50’s and 60’s but much more effective and beneficial to all involved. Unlike the Mafia, the PPT has enormous advantages. The operation is immune to investigation or prosecution, there [are] unlimited funds available through the Treasury and Federal Reserve, it has the ultimate insider trading advantages, and it fully incorporates the spin and disinformation of government controlled media to sway markets in the desired direction. . . . Any investor can imagine the riches they could obtain if they knew what direction stocks, commodities and currencies would move in a single day, especially if they could obtain unlimited funds with which to invest! . . . [T]he PPT not only cheats investors out of trillions of dollars, it also eliminates competition that refuses to be “bought” through mergers. Very soon now, only global companies and corporations owned and controlled by the NWO elite will exist.

BANK STRESS-TEST RESULTS TERRIBLE The Turner Radio Network has obtained "stress test" results for the top 19 Banks in the USA. The stress tests were conducted to determine how well, if at all, the top 19 banks in the USA could withstand further or future economic hardship. When the tests were completed, regulators within the Treasury and inside the Federal Reserve began bickering with each other as to whether or not the test results should be made public. That bickering continues to this very day as evidenced by this "main stream media" report. The Turner Radio Network has obtained the stress test results. They are very bad. The most salient points from the stress tests appear below. 1) Of the top nineteen (19) banks in the nation, sixteen (16) are already technically insolvent. 2) Of the 16 banks that are already technically insolvent, not even one can withstand any disruption of cash flow at all or any further deterioration in non-paying loans. 3) If any two of the 16 insolvent banks go under, they will totally wipe out all remaining FDIC insurance funding. 4) Of the top 19 banks in the nation, the top five (5) largest banks are under capitalized so dangerously, there is serious doubt about their ability to continue as ongoing businesses. 5) Five large U.S. banks have credit exposure related to their derivatives trading that exceeds their capital, with four in particular - JPMorgan Chase, Goldman Sachs, HSBC Bank America and Citibank - taking especially large risks. 6) Bank of America`s total credit exposure to derivatives was 179 percent of its risk-based capital; Citibank`s was 278 percent; JPMorgan Chase`s, 382 percent; and HSBC America`s, 550 percent. It gets even worse: Goldman Sachs began reporting as a commercial bank, revealing an alarming total credit exposure of 1,056 percent, or more than ten times its capital! 7) Not only are there serious questions about whether or not JPMorgan Chase, Goldman Sachs, Citibank, Wells Fargo, Sun Trust Bank, HSBC Bank USA, can continue in business, more than 1,800 regional and smaller institutions are at risk of failure despite government bailouts! The debt crisis is much greater than the government has reported. The FDIC`s "Problem List" of troubled banks includes 252 institutions with assets of $159 billion. 1,816 banks and thrifts are at risk of failure, with total assets of $4.67 trillion, compared to 1,568 institutions, with $2.32 trillion in total assets in prior quarter.

CFTC + NFA: End Of Hedging? NFA has received notice that the Commodity Futures Trading Commission has approved new NFA Compliance Rule 2-43 regarding forex orders. The prohibition on carrying offsetting transactions will be effective for any positions established after May 15, 2009. The requirements regarding price adjustments will become effective as to all customer orders executed after June 12, 2009. Offsetting Transactions New Compliance Rule 2-43(b) requires an FDM to offset positions in a customer account on a first-in, first-out basis, thereby prohibiting a trading practice commonly referred to as “hedging.” A customer may, however, direct the FDM to offset same-size transactions even if there are older transactions of a different size. Rule 2-43(b) is effective for any positions established after May 15, 2009. Offsetting positions that were established prior to the effective date do not have to be liquidated, but once either position is closed out after May 15, it may not be reestablished as a hedge. You can read more about this news in these links: http://www.nfa.futures.org/news/news...ArticleID=2273 http://www.nfa.futures.org/news/PDF/CFTC/C...eAdj_112408.pdf ---------------------------------------------------- This only affect US traders and brokers.

Prognoza cursului valutar pe 2009

The Hidden History of Money & New World Order Usury Secrets by Alexander James Free Download History of how the current enslaving monetary system, in which Banklords get a credit monopoly (which gives them the power to create unlimited money from nothing at no liability to themselves because it is redeemable for goods or services produced by anyone forced to accept the private Federal Reserve dollar currency notes and cheques) and use our tax system to collect the fraudulent interest was brought about by the forces of banking family dynasties working to establish a tyrannical New World Order through a series of wars, depressions, deficits, propaganda and crimes in which good politicians are murdered or removed by the New World Order (NWO) mafias (CIA, Mossad, MI5/6, Vatican, Jesuits, CFR, Bilderbergers, Trilateral C., Knights, etc). How ancient pagan cults are elitist-made inventions designed to allow their priesthood (Pharisees) to con value out of the public and how they are leading everyone back towards feudal fascist enslavement.

Dacă o mai ţine criza economică tot aşa, vor mai rămâne doar două bănci: banca de spermă şi banca de sânge. Când vor fuziona, noua bancă se va numi "The Bloody Fucking Bank"

MANIPULAREA LA STIRI ------------------------------------------------------------------------------ Mp -- News Trading For Newbs ! NEWS TRADING ! this may NOT happen every single time, USUALLY if there is multiple news from different countries being released, but if interested in the US market, watch for what direction the price is moving BEFORE THE NEWS is released, including the night before, and then understand that if the FINAL trade will be LONG, the banks are pushing the price DOWN so as to have the greatest runup possible and vice versa and they will continue to move the price down, even if the news is GOOD, until it hits the H1 support level ---- if the price is going up, it will continue going up to the H1 top resistance level, and then the banks will SHORT the danged thing all the way down ! Once you look for it, its pretty danged simple to see whats going on, and you can easily work the first position for at least 30 minutes and the second position for the rest of the day. ------------------------------------------------------------------------------ Mp --- More On Trading News, For Those Who Missed The Last One! one more post of mine on a "trading news" thread that i thought of interest. IT WORKS but you should try it a few times on a demo to get your finger reflexes down and to appease any squeemies you gots about doing this. TRY THIS ! (on a demo or on paper) understand that the banks have tons of analysts working on this every second, as well as some well placed "moles" (well, thats supposition, but i know i would do it if i ran a central bank) so they have a pretty danged good idea of what the news is, what effect it will have, and trade accordingly. the action of the price before the news release will give away what will happen, and you only need WATCH a few times to confirm what i say. if the news will be GOOD, the price DROPS during the night and definitely before the news and will continue dropping for the first half hour after the release with everyone scratching their heads because the news was GOOD. What happens is THEN, once the H1 or H4 support is reached (usually around 10am est) THE MARKET REVERSES and UP SHE GOES, just as if it was all planned (cause IT WAS all planned) reverse the situation for BAD news, and you can now see why i LOVE news, dont worry about slippage cause im already in the trade before the news release, take the REAL direction trade after the half hour, when things slow down, and set my tp points based on the visible support and resistance areas on the higher timeframes. IF YOU WATCH, and take note of what happens and how the prices are moved, you will be AMAZED at how simple it is to trade news, but if you try to catch the moves, once theyre moving, you get the wide spreads, slippage and all the other stuff everyone complains about ! Before you try it, DEMO the sucker and see if you agree with me or want to throw stones ---- betcha there be NO stones !

forex[/acronym]-trading/"]The Death of Leveraged Forex Trading? Recently I received several emails about a proposal to limit the leverage available to U.S. Forex traders to 1.5 to 1. One of the main reasons that Forex trading is so popular today is because of the high leverage with 100:1 being standard and 200:1 or even 400:1 available through some brokers. This enables traders to open accounts with a small amount of capital and realize profit on trades that control a much larger amount of capital. For instance a Forex trader can open an account with $5000 and enter a trade with only 5% of the capital at risk and if the trade is profitable by 100 PIPS, $500 could be earned in one day which is, of course, a 10% return on capital in one day. Many Forex traders are willing to accept the risk of loss in order to learn to realize this kind of profit consitently over time. Some Forex traders were a little nervous when they heard that the FINRA, Financial Industry Regulatory Authority, proposed to virtually eliminate high leverage for Forex trading accounts. Well, that is how some misinformed traders were interpreting this proposal. As it turns out, there is more to the story. Last year Rosenthal Collins bought MG Forex just as the first capital requirement was set to kick in. RCG then announced that MG Forex was a subsidiary of Rosenthal Collins Securities, which is regulated by FINRA, not the NFA. Thus MG Forex was able to avoid the $20 million capital requirement since FINRA members need only $250,000 in capital. That was then. Last week FINRA released a proposal capping the margin level that forex brokers can offer at 1.5 to 1. Essentially, FINRA is saying you can’t trade Forex on margin. FINRA - Regulatory Notice 09-06: The rule will not effect NFA registered forex brokers. But for those Forex brokers with FINRA licenses the party appears to be over. Why is FINRA doing this? Quote: "FINRA has observed a potential migration of retail forex activity from the FCM channel to Broker Dealers…" Hmmm, couldn’t be that forex dealers who didn’t have the capital to keep their NFA licenses were suddenly showing up to get a broker dealer license on the cheap? Well, if that was the case consider that escape hatch to be boarded up. My take is that FINRA does not want to regulate forex brokers. So what they are saying is "sure you can offer forex trading. But you can't offer any leverage so why bother to offer Forex trading at all?" A lot of forex brokers were trying to get licenses with FINRA because of the low capital requirement. FINRA basically put this rule in place to keep forex brokers out of their club. So the Forex trading industry is still going strong and still providing one of the best recession proof business opportunities available. I believe it will continue to be one of the best businesses in the world for a long time into the future. ----------------------------------------------------------------- Este clar ca zvonul cu disparitia leverajului de pe forex este foc de paie. In USA brokerii de pe forex,regulati de NFA, trebuie sa indeplineasca noile conditii de minima capitalizare. Neputandu-le indepli se muta la FINRA unde conditiile sunt cu mult mai lejere. Dar FINRA nu vrea sa reguleze brokerii de forex si atunci le impune reducerea leverajului la maxim la 1.5. Putem face o analogie intre FINRA/BVB - unde se tranzactioneaza fara leverage si NFA/SIBEX - unde se tranzactioneaza contracte futures in marja. ----------------------------------------------------------------- FINRA is the largest independent regulator for all securities firms doing business in the United States. We oversee nearly 5,000 brokerage firms, 173,000 branch offices and 659,000 registered securities representatives. Our chief role is to protect investors by maintaining the fairness of the U.S. capital markets. NFA's responsibility to safeguard market integrity and protect the public interest begins with the screening and registration of all firms and individuals who want to conduct futures-related business with the public.

Bancherii, indemnati sa munceasca acasa, ca sa scape de bataie Politia ii indeamna pe bancherii din Regatul Unit (UK) sa nu mai poarte costume, nici serviete pe care sa se poata citi logoul bancii si, cel mai sigur, sa lucreze de acasa! Fara aceste masuri de prevedere, riscurile pentru viata lor sunt tot mai mari, pe masura ce se apropie summitul primelor 20 de economii ale lumii, programat pentru 2 aprilie, la Londra, cand mii de anarhisti furiosi pe bancheri vor sa invadeze capitala britanica. In ciuda sfatului politiei, citat de The Times, "pisicile grase" din fruntea bancilor britanice nu mai pot sa se bucure de liniste nici in "culcusurile" lor luxoase, care valoreaza milioane de lire sterline. Locuintele lor au ajuns sa fie localizate prin Google Earth si vandalizate, incat bancherii se vad nevoiti sa aloce o buna parte din bonusurile grase incasate pentru a-si plati agenti de paza. Miercuri dimineata, cateva ferestre ale casei din Edinburgh (evaluata la trei milioane lire) a fostului director al Royal Bank of Scotland (RBS), Sir Fred Goodwin, au fost sparte, alaturi de geamurile Mercedesului S600, evaluat la 100.000 lire. Fostul bancher nu se afla acasa in momentul atacului, politia fiind alertata de sistemul de alarma. Atacul s-a produs la pe la 4:30 dimineata si a fost revendicat printr-un mesaj trimis mai multor redactii de la o adresa de e-mail intitulata "bankbossesarecriminals@mail.com", nume ce s-ar traduce prin "sefiibancilorsuntcriminali". De la aceeasi adresa, mass-media britanice au fost avertizate ca, la 2 aprilie, mii de manifestanti vor sa ia cu asalt Banca Angliei si alte institutii financiare din City of London. Protestatarii se declara "furiosi ca bogatii isi platesc sume uriase de bani si traiesc in lux, in timp ce oamenii obisnuiti sunt concediati si raman fara case". ........................ Pe cand si in Romania???

IN GOLD WE TRUST!!! The Perth Mint - http://www.perthmint.com.au/distributors.aspx Royal Canadian Mint www.e-bay.com - monede & lingouri ------------------------------------------------------------------------------------------------ MP Edelmetalle ATS Bullion Ltd 24Carat Diamond silverexchange GOLDAVENUE Tax Free Gold Coins & Bars

Cum arata un TRILION de dolari???

Solutie extrema: Tot mai multi americani, disperati ca nu mai au bani, isi dau foc masinilor Investigatorii americani de incendii spun ca, de fiecare data cand economia izbucneste in flacari, ei devin tot mai ocupati. Acum, pe timp de recesiune, cifrele oficiale arata ca politia din SUA se confrunta cu un numar in crestere a incedierilor de masini, provocate mai ales de oameni in criza, care dau foc masinilor pentru a beneficia de prima de asigurare, transmite CBS News. ............... Pe tot cuprinsul statului Nevada sunt incendiate zilnic atat de multe masini incat politia le cauta cu elicopterul. Numarul acestor incedieri care ridica suspiciuni a crescut in New York, New Jersey, Ohio, Texas, Pennsylvania, Mississippi, California, South Carolina, Utah, Arkansas si Nevada. In New York, numarul celor arestati pentru ca si-au dat foc masinii s-a dublat anul trecut fata de 2007.

Looking For a Turn? Watch Corporate Bonds Edit. Am corectat linkul care nu functiona.

The Big Takeover The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution MATT TAIBBI Sau istoria adevarata a crizei. De ce trebuie pompati atatia bani in piata? Ce sunt cu adevarat activele toxice? Polite de asigurare fara acoperire in bani. Escrocheria la nivel global a mizat pe faptul ca piata imobiliara se duce numai in sus si nu va fi nevoie niciodata sa se recurga la politele de asigurare. S-au incasat banii pe politele de asigurare dar nu existau si banii care sa acopere asiguratul. In prezent se pompeaza trilioane de euro, dolari, lire, etc in piata sa se acopere aceste polite. De asta li se spune ACTIVE TOXICE. Pt. ca nimeni nu spune ESCROCHERIE.. .... totalitatea produselor derivate depaseste cifra de 55.000 miliarde de dolari. Intregul Produs Intern Brut (PIB) a planetei ajunge la 45.000 de miliarde de dolari. Aceste produse derivate, se gasesc raspindite in intreaga lume in banci, firme ,compani, in economiile a milioane de cetateni. Practic ,produsele financiare au depasit valoarea produselor reale create de om in un an, pe intreaga planeta. ... Mai trebuie multi bani pompati in piata ... Tiparnitele de abia s-au incalzit. Pina nu se acopera in bani reali toate CFD's/CDO's vandute fictiv nici vorba de inflatie. INFLATIE = BULL MARKET.

The BDI Index Points To Worldwide Disaster The Goldsmiths—Part LII

Situatia e de rahat, insa nu disperata. Cronologia unei crize si Marele Crash al unui plan global Cum e moralul nemtilor in plina criza financiara? Situatia e „beschiessen aber nicht hoffnungslos” (trad: „de rahat, insa nu disperata”) spune Dieter G., patronul unei firme mijlocii din Mössingen. Nemtii au mai trecut prin crize economice si ale pietei de capital, iar modul lor de gandire e in general pragmatic, lipsit de emotie. Asta nu inseamna ca in birouri si firme, pe strada, in birturi, ca si in Parlament, criza economica si recesiunea nu sunt pe buzele tuturor.

Jurnalul unei crize Autor: Cristina Marina | Data: 06 Oct 2008 Piesele puzzle-ului "crimelor financiare" sunt asezate pentru prima data cap la cap, astfel incat urmele loviturilor care aproape au ingenuncheat o industrie de mii de miliarde de euro o sa fie evidente. Revista Target relateaza pas cu pas desfasurarea ostilitatilor.

London G20 Summit: Last chance before global geopolitical dislocation Open letter to the G20 leaders, published in the Financial Times’ worldwide edition on 03/24/2009 (Urmarariti site-ul acesta) Ladies and Gentlemen, Your next summit takes place in a few days in London; but are you aware that you have less than a semester to prevent the world from plunging into a crisis that will take at least a decade to resolve, accompanied by a whole series of tragedies and ferment? Therefore, this open letter by LEAP/E2020, who saw the arrival of a « global systemic crisis » as early as three years ago, intends to briefly explain why it happened and how to limit further damage. If indeed you began to suspect the onset of a sizeable crisis less than a year ago, LEAP/E2020, in the second issue of their « Global Europe Anticipation Bulletin » (GEAB N°2), anticipated that the world was about to enter into the « trigger phase » of a crisis of historic proportions. Since then, month after month, LEAP/E2020 has relentlessly continued to produce highly accurate forecasts of the development of this crisis with which the world is now struggling. For this reason, we feel entitled to write you this open letter which we hope will aid you on the choices you will have to make in a few days. This crisis is getting more and more dangerous. Recently, in the 32nd edition of its Bulletin, LEAP/E2020 raised an alarm of direct concern to you, the leaders of the G20. If, when gathered in London next April 2nd, you are not able to adopt a number of bold and innovative decisions, focused on the essential issues and problems, and to initiate them by summer 2009, then the crisis will entail a « general geopolitical dislocation » by the end of the year, affecting the international system as well as the very structure of large political entities such as the United States, Russia, China or the EU. Any chance for you to control the fate of the 6 billion inhabitants of the world will then be over. Your choice: a 3- to 5-year crisis or a decade-at-least long crisis? Until now you have merely been concerned with the symptoms and secondary effects of this crisis because, unfortunately, nothing prepared you to face a crisis of such an historic scale. You thought that adding more oil to the global engine would be enough, unaware of the fact that the engine was broken, with no hope of repair. In fact, a new engine must be built, and time is running out, as the international system deteriorates further each month. In the case of a major crisis, one must get to the heart of the matter. The only choice is between undertaking a number of radical changes, thus greatly shortening the duration of the crisis and diminishing its tragic outcome or, on the contrary, refusing to make any such changes in an attempt to save what is left of the present system, thus extending the crisis’ duration and increasing all the negative consequences. In London, next April 2nd, you can either pave the way for the crisis to be solved in an organised manner in 3 to 5 years, or drag the world through a terrible decade. We will content ourselves with giving you three recommendations that we consider strategic ones in the sense that, according to LEAP/E2020, if they have not been initiated by this summer 2009, global geopolitical dislocation will become inevitable from the end of this year onward. ......................

Roubini Says Stocks Will Drop as Banks Go ‘Belly Up’ March 26 (Bloomberg) -- U.S. stocks will fall and the government will nationalize more banks as the economy contracts through the end of 2009, said Nouriel Roubini, the New York University professor who predicted last year’s economic crisis. ........... he global equity rebound in March that sent the Standard & Poor’s 500 Index to its best monthly advance in 17 years is a “bear-market rally” and U.S. Treasury yields will “remain relatively low” as investors flock to the safest assets, Roubini said. Treasury Secretary Timothy Geithner’s new plan to remove toxic debt from financial companies won’t be enough for insolvent banks, he said.

Beat The Odds In Forex Trading - 2006.pdf, pag. 116 by Igor Toshchakov The majority of traders in the market are always wrong, and the most common and widespread opinions about the future market are (in the prevailing majority of cases) incorrect. Conclusions and choices made by a crowd are always wrong and lead to money losses in speculative trading operations. To avoid possible disappointments, it will be useful for beginners to remember the following three basic postulates: 1. Try to have no opinion concerning the future market’s behavior. Trade only according to your trade system and only on signals that the market itself gives you. 2. Try to avoid wishful thinking. If you have an open position, first of all pay attention to the trading signals that contradict your point of view, instead of those that confirm it. 3. Listen attentively to other traders’ opinions. Share your ideas with colleagues on Internet forums and in personal dialogues. If half of your colleagues-traders approve your idea, double your vigilance. Check up and analyze the situation once again, looking for a possible mistake. If you have found that the absolute majority of traders share your point of view, immediately abandon your initial plan of trading and make a new one. In the new plan, you should assume that the market most likely would choose an opposite direction. The absolute disagreement of the majority with your opinions on current events in the market is additional and valuable confirmation of the correctness of your position. Such confirmation should give you an additional reliance on the correctness of your decision.

You know, it's a bull market Pe dollar!!!!

Indicators and Dr. Joe Thank you for the PMs on indicators and price action. Rather than answer individually, I will do it through this post, if I may. I’m not here to fight with anyone over whether to use indicators or not for we have a larger fight with the market makers than amongst us little guys. I respect the traders who can make consistent profits with indicators as it is something I have tried and cannot do. If anyone has an indicator that produces CONSISTENT profits then, please, show us the way. In the meantime, I will continue with what works for me: raw price action using price, volume, S&R, momentum, exhaustion, cycles, time, harmonic analysis, market sentiment with a splash of funny mentals thrown in. With regard to my transition from having indicators up the ying yang on my charts to now with just volume and the 20ema and the 50sma, I need to share my experience with an old time trader, Dr. Joe, which will also show how stubborn I was. Back in the early 90s when I was getting really serious with my trading, I was buying signals via fax. In those days there was no email and no computer trading and we had to either plot our own charts or buy them from a charting service. We then had to calculate our own indicators and then hand draw them on our charts. This really helped in understanding what indicators did (take the data from “n” days ago) and how they worked. One time I faxed my questions back to the signal service and the reply I got back was that I had sent it to the wrong number. Also written on my fax was that I was wasting my money on signals and to contact Dr. Joe. After a few fax exchanges, he sent a handwritten fax saying something like “trading is easy, you don’t need nuthin fancy (he was a good old Texas boy) just buy when it’s going up and sell when it’s going down, that’s all there is to it”. Dr. Joe used to work for NASA as a nuclear physicist on the Space Program and was a Professor, PhD with just about every physics and maths qualifications there are or you could think of. He got fed up of the bureaucracy and politics at NASA and as a part time investor in stocks , decided to go full time as, in his own words, “the price cycles are just some sort of fancy sine waves with decay and acceleration distorting them and should be real easy to plot and forecast.” Well after over 5 years doing triple integrated, double differentiated Fourier transforms, harmonic frequency analysis, fractal filters and theorems and goodness knows what else that, although I have a PhD, just ran circles around me. He said he got so frustrated that although he could plan and predict space craft trajectories, orbits, landings etc, he could not forecast even one bar of prices into the future. Not one to quit, he decided that there was some external force that he was not taking into consideration and the only place it could be was on the trading floor where the action took place. Through his connections, he eventually got an invitation to the Chicago Mercantile Exchange (CME) and was shown the futures or commodities pit (can’t remember which). His sole purpose of going there was as a spy or detective to find out exactly how things worked so that he could write it into his software. He told me he was “amazed and dumbfounded” at what he saw and heard which forever changed his life. (I had all this written up in my trading notes in my files but I can’t find them so I’m using this post to “replenish my notes”). He arrived at the pit before opening time and saw all the floor traders congregated together in a meeting. He saw this as strange as he thought they were out and out competitors with each other. What he saw in the first 15 to 30 minutes he would never have believed even if his best friend had told him. At the open, the overnight trades, which were long positions, were put through but he detected the traders entering them were giving signals to the other traders. After the orders were put through there was “nothing” – they just waited to see how the market reacted to those orders. He then observed what he thought were illegal practices but later learned it to be what actually goes on each and every day. During this “dead” time, the floor traders were reviewing their orders in the pipeline and then on a given signal, a group started selling followed by another group. Then when a certain lower price had been reached, another signal was given and the same groups then bought back amongst themselves. He later learned this was called “Running the Stops” and what they had done was found out where all the orders were, which were below lows, swing lows and elsewhere, and just driven the price down to fill them and take them out so that they had a clean order sheet! Not satisfied with that, they then collectively took the price back to where it opened! After this and now with the market moving, orders started to come in and when a large order came in from a bank, fund or other large institution, the trader with the order gave a signal before entering it. After entering it, the traders went quiet again. They were looking to see how the market reacted to that order. When they saw more buy orders coming in, they just bought more and more and kept on buying until a signal from a trader that he had a large sell order. Again the sell order was entered and the traders went quiet as they waited for a reaction from the market. He learned that the floor traders were waiting to see whether the sell order was going to be accepted as profit taking or full blown shorting. He said this went on all day long with the floor traders just “piggy-backing” on which ever way the market moved. He said he could see no skills or qualifications (other than being a whore – a very rich whore, he said) whatsoever in what the floor traders did. On his way back to Houston, he thought about how to use what he witnessed to HIS advantage. His first action was to throw out all his indicators, forecasts and technical analysis. He told me that there is no analysis, indicator or other program now or in the future, that can analyse or predict human behaviour and specifically, human emotions. He had seen for himself that there was nothing technical or logical in how the floor traders (now better known as Market Movers) traded and therefore any analysis or thinking from “off the floor” was an absolute waste of time. His second action was how to beat “those whores” on the floor as he called them. He said he thought over just about every scenario imaginable and just as he was running out of ideas, it came to him. If you can’t beat, them join them although as a very devout and God fearing Christian, he didn’t think it was ethical. Unable to find another alternative, he decided he had no options left but to try and do, “off the floor” what they did on the floor. From this came his very simple method: Buy when it goes up and sell when it goes down. He went on to make $millions doing this and I subsequently learned he passed away a very rich and contented man knowing that he had beaten the “whores” at their own game. I learned all this in a few telephone conversations with him but he lost his patience with me when I still questioned his method. He wouldn’t answer my calls so I reverted back to faxes. Again, I can’t remember it word for word but I sent a simple fax saying: “How do you know when to stop buying?” On the same fax was his handwritten reply, “When it stops going up.” So I wrote on it, “How do you know when it stops going up?” His handwritten reply, “When it starts going down.” So I wrote on it, “How do you know when it stops going up and starts going down?” His handwritten reply, “When people start selling.” After going round like this in riddles, I pleaded with him to “just give it to me straight”. He sent a fax saying this would be his last communication with me and that if I didn’t understand how to buy when it goes up and sell when it goes down, I had no business trading. His final paragraph was one which I ignored, like everything else he told me, until a couple of years ago when I realized what a dumb, stupid, arrogant, stubborn idiot I had been: He said I would only be wrong twice using his simple method: “Once when you buy at the top and once when you sell at the bottom.” I just ignored this as a smart – ass answer but still tried to do what he said. Unfortunately, and as Sod’s law dictates, I tried to do it in a consolidation and lost on every trade which had me buying when I should have been selling etc. I tried and lost again and then eventually lost my way in the quest for the Holy Grail in Indicator Land. Now, with all my experience and thousands of lost $ behind me, the light came on! My understanding of what he was telling me is this: Buy when prices are moving up. Buy each retrace/dip. Keep buying until the last retrace becomes a trend change which is the one trade you lose on. Sell when prices are moving down. Sell each retrace/rally. Keep selling until the last retrace becomes a trend change which is the second trade you lose on. I have not traded like this as I have my own method/style now but on the look backs I have done it works very well. Obviously, the trendier the price, the better it works. In my later communications with other floor traders, I told them about Dr. Joe and what he told me, and asked them if it was true. As you would expect, each and everyone vehemently rejected it as absolute rubbish. Sometimes I wonder if old Dr. Joe was smoking something but then when I see those long legged neutral dojis before a significant move, I know he was right. Thank you, Dr. Joe Rock n Roll, Strat

You know, it's a bull market REMINISCENCES OF A STOCK OPERATOR by Eugene Lefevre ... there was one old chap who was not like the others. To begin with, he was a much older man. Another thing was that he never volunteered advice and never bragged of his winnings. He was a great hand for listening very attentively to the others. He did not seem very keen to get tips -- that is, he never asked the talkers what they'd heard or what they knew. But when somebody gave him one he always thanked the tipster very politely. Sometimes he thanked the tipster again -- when the tip turned out O.K. But if it went wrong he never whined, so that nobody could tell whether he followed it or let it slide by. It was a legend of the office that the old jigger was rich and could swing quite a line. But he wasn't donating much to the firm in the way of commissions; at least not that anyone could see. His name was Partridge, but they nicknamed him Turkey behind his back, because he was so thick-chested and had a habit of strutting about the various rooms, with the point of his chin resting on his breast. The customers, who were all eager to be shoved and forced into doing things so as to lay the blame for failure on others, used to go to old Partridge and tell him what some friend of a friend of an insider had advised them to do in a certain stock. They would tell him what they had not done with the tip so he would tell them what they ought to do. But whether the tip they had was to buy or to sell, the old chap's answer was always the same. The customer would finish the tale of his perplexity and then ask: "What do you think I ought to do?" Old Turkey would cock his head to one side, contemplate his fellow customer with a fatherly smile, and finally he would say very impressively, "You know, it's a bull market!" Time and again I heard him say, "Well, this is a bull market, you know!" as though he were giving to you a priceless talisman wrapped up in a million-dollar accident-insurance policy. And of course I did not get his meaning. One day a fellow named Elmer Harwood rushed into the office, wrote out an order and gave it to the clerk. Then he rushed over to where Mr. Partridge was listening politely to John Fanning's story of the time he overheard Keene give an order to one of his brokers and all that John made was a measly three points on a hundred shares and of course the stock had to go up twenty-four points in three days right after John sold out. It was at least the fourth time that John had told him that tale of woe, but old Turkey was smiling as sympathetically as if it was the first time he heard it. Well, Elmer made for the old man and, without a word of apology to John Fanning, told Turkey, "Mr. Partridge, I have just sold my Climax Motors. My people say the market is entitled to a reaction and that I'll be able to buy it back cheaper. So you'd better do likewise. That is, if you've still got yours." Elmer looked suspiciously at the man to whom he had given the original tip to buy. The amateur, or gratuitous, tipster always thinks he owns the receiver of his tip body and soul, even before he knows how the tip is going to turn out. "Yes, Mr. Harwood, I still have it. Of course!" said Turkey gratefully. It was nice of Elmer to think of the old chap. "Well, now is the time to take your profit and get in again on the next dip," said Elmer, as if he had just made out the deposit slip for the old man. Failing to perceive enthusiastic gratitude in the beneficiary's face Elmer went on: "I have just sold every share I owned!" From his voice and manner you would have conservatively estimated it at ten thousand shares. But Mr. Partridge shook his head regretfully and whined, "No! No! I can't do that!" :'What?" yelled Elmer. "I simply can't!" said Mr. Partridge. He was in great trouble. "Didn't I give you the tip to buy it?" "You did, Mr. Harwood, and I am very grateful to you. Indeed, I am, sir. But --" "Hold on! Let me talk! And didn't that stock go up seven points in ten days? Didn't it?" "It did, and I am much obliged to you, my dear boy. But I couldn't think of selling that stock." "You couldn't?" asked Elmer, beginning to look doubtful himself. It is a habit with most tip givers to be tip takers. "No, I couldn't." "Why not?" And Elmer drew nearer. "Why, this is a bull market!" The old fellow said it as though he had given a long and detailed explanation. "That's all right," said Elmer, looking angry because of his disappointment. "I know this is a bull market as well as you do. But you'd better slip them that stock of yours and buy it back on the reaction. You might as well reduce the cost to yourself." "My dear boy," said old Partridge, in great distress "my dear boy, if I sold that stock now I'd lose my position; and then where would I be?" Elmer Harwood threw up his hands, shook his head and walked over to me to get sympathy: "Can you beat it?" he asked me in a stage whisper. "I ask you!" I didn't say anything. So he went on: "I give him a tip on Climax Motors. He buys five hundred shares. He's got seven points' profit and I advise him to get out and buy 'em back on the reaction that's overdue even now. And what does he say when I tell him? He says that if he sells he'll lose his job. What do you know about that?" "I beg your pardon, Mr. Harwood; I didn't say I'd lose my job," cut in old Turkey. "I said I'd lose my position. And when you are as old as I am and you've been through as many booms and panics as I have, you'll know that to lose your position is something nobody can afford; not even John D. Rockefeller. I hope the stock reacts and that you will be able to repurchase your line at a substantial concession, sir. But I myself can only trade in accordance with the experience of many years. I paid a high price for it and I don't feel like throwing away a second tuition fee. But I am as much obliged to you as if I had the money in the bank. It's a bull market, you know." And he strutted away, leaving Elmer dazed.

ARTA MORTALA A MANIPULĂRII PREŢULUI ACŢIUNILOR By George Chelekis (Am gasit traducerea postului #1 cu care a inceput topicul) În fiecare profesie,probabil sunt o duzină sau două de reguli majore. Cunoscându-le la rece este ceea ce separă profesionistul de amator.A nu le şti pe toate? Ei bine, sa o punem astfel: Cat de sigur te-ai simţi dacă te-ai trezi brusc pilotind singur (solo) un Boeing 747 in timp ce se apropie de aterizare pe pistă? Dacă nu eşti un pilot profesionist, ai fi probabil speriat de moarte şi ai face pe tine. Păstrează in gand cele spuse anterior in timp de citeşti acest eseu, pentru că am să explic cum funcţionează manipulare pieţeii de capital. Pentru a specula cu succes, trebuie să presupui următoarele: Pieţele mici de capital există in primul rând pentru a te escroca pe TINE! Ma refer la pieţele de capital din Vancouver, Alberta,Canadian Dealing Network şi US Over-the Counter Markets (Pink Sheets, Bulletin Board, etc.). Am putea de asemenea să ne intindem asupra mai multor acţiuni, pentru a include si pieţele mari de acţiuni din lume, inclusiv Toronto, New York, NASDAQ, Londra, etc. Ca investitor mediu sau jucător la bursă este foarte probabil să nu aveţi mult succes în pieţele mici de capital. Cred că este ceea ce m-a atras la aceste pieţe. Am tot încercat, de ceva timp, să răspund la această întrebare, "Cum?" Acum, ştiu. Şi ar trebui si voi de asemenea să ştiti! De altfel, premisa acestei cărţi este una uniformă: "În timp ce aceste companii speculative,de fapt nu dau dividende,se poate profita din specularea lor." Aceasta este premisa după care aceste pieţe sunt facute să functioneze, atât de către promotorii de acţiuni, persoanele iniţiate, brokerii, analiştii şi alţii din această industrie. Asta este logica defectuoasă în care se presupune ca "altcineva" o să se ajungă să detină rufele murdare(n.t. actiunile). Urmaţi această premisă pana la capăt şi veti ajunge la urmatoarea concluzia nebuneasca : Pentru ca aceste pieţe sa functioneze, trebuie ca noi fraieri să intre pe piaţă în continuu. Concluzia este nebunească deoarece o astfel de activitate nebună poate avea doar o viaţă scurtă. Nu sunt de acord cu această idee de bază şi as propune o altă soluţie (a se vedea celălalt eseu al meu: A Modest Proposal). Ce ştiu şi înţeleg profesionişti şi reglementatorii de valori mobiliare , si noi,ceilalţi, NU, este asta. "REGULA NUMĂRUL UNU: TOATE MIŞCĂRILE MARI DE PREŢ - CHIAR DACĂ SUNT ÎN SUS SAU ÎN JOS - SUNT REZULTATUL A UNUL SAU MAI MULŢI (DE OBICEI UN GRUP DE) PROFESIONIŞTI CARE MANIPULEAZĂ PREŢUL ACŢIUNII." Aceasta ar trebui să explice de ce o companie minieră găseşte ceva bun si "nu se întâmplă nimic" sau preţul se duce în jos. În acelaşi timp, pentru niciun motiv aparent, o altă actiune creste brusc pana la ceruri! Pe volum mic! Cineva manipulează acea actiune, de cele mai multe ori pe baza unui zvon nefondat. Pentru a face aceste manipulări să functioneze,profesionisti presupun: (a) publicul este prost şi (b) publicul va cumpăra în principal la cel mai înalt nivel de pret şi va vinde la minime. Prin urmare, manipulatorul actiunii poate fi de succes atâta timp cât el poate tine mulţimea sub control. Să recunoaştem: Motivul pentru care speculaţi în astfel de pieţe este faptul că sunteţi lacomi şi optimişti. Tu crezi într-un viitor mai bun şi vrei sa faci bani rapid. Este acest sentiment care este exploatat de manipulatorul pieţei. El vă controlează lăcomia şi frica asupra unei anumite acţiuni. Dacă el vrea să cumperi,perspectivele companiei arată ca viitorul Microsoft. În cazul în care manipulatorul vrea să părăseşti vaporul care se scufunda(n.t. actiunea), el devine brusc foarte atent în observaţiile sale despre companie, nu este în preajmă pentru a răspunde zambind la întrebările despre companie şi/sau sunt emise ştiri foarte proaste despre companie. Ceea ce ne duce la următoarea regulă importantă. "REGULA NUMĂRUL DOI: ÎN CAZUL ÎN CARE MANIPULATORUL VREA SĂ DISTRIBUIE (SCAPE DE) ACŢIUNILE SALE, EL VA ÎNCEPE O CAMPANIE DE ŞTIRI BUNE." Te-ai întrebat vreodată de ce o companie este facută special să arate ca cel mai bun lucru de când s-a inventat pâinea feliată? Acest sentiment este fabricat.Scriitori de ştiri sunt angajaţi - fie sau nu in secret - pentru a fi majoretele unei companii.Firmele de relatii cu publicul sunt angajate şi lăsate libere asupra publicului care nu suspectează nimic. Contractele pentru a apărea in emisiuni de radio sunt semnate şi puse în aplicare. Brokerii primesc actiuni ieftine pentru a recomanda acţiunile companiei "clientilor" (Asta se refera la TINE, clientul brokerului). O campanie de publicitate este pornită (reclame TV, publicitate in ziare, cărţi poştale cu reclamă). Compania se inscrie sa apară la "conferinţe de investiţii" şi "emisiuni de top" (în principal, astfel încât să poată primi un pic de "timp la audienţă maximă" pentru a exagera asupra companiei şi a vă spune cum "compania lor este diferită" şi "nu e o promovare a acţiunilor.") Mesaje exagerate(reclame) sunt postate pe site-urile de ştiri de către aceeaşi suspecţi. Cu cat mai multe ,cu atat mai bine. Şi puţin "promoţie" poate merge departe spre a creste pretul acţiunilor. Exagerarea a inceput. Cu cat este mai inteligent un promotor de acţiuni, cu atat cunoştinţele sale de a face publicitate la afaceri sunt mai bune. şmecherii ca "poziţionare" sunt utilizate. Exemplu: Face o companie complet necunoscuta sa arate calda şi atractivă pentru tine prin compararea cu poveşti de succes recente, Diamond Fields sau Bre-X Minerals(n.t. doua companii miniere). Aceasta este vrăjeala cu poziţionarea, realizata de Al Ries si Jack Trout(n.t. mai multe detalii aici http://en.wikipedia.org/wiki/Positioning_(marketing)) (faimoşi pentru "AVIS: vrem sa fim # 1" sau "vom încerca mai mult" şi alte astfel de sloganuri). Aceşti executivi in publicitate / relaţii cu publicul trebuie să fi descoperit această formulă după ce au pierdut şi camaşa de pe ei speculind în câteva promoţii de acţiuni Canadiene! Singurul motiv pentru care ai fost invitat la acest banchet deşi pare incredibil este acela că tu eşti felul principal. După ce manipulatorul te-a fraierit sa intri în "investiţiile sale" schimbind hârtiile sale pentru banii tăi, zidurile încep sa se strânga in jurul TAU. De ce? "REGULA NUMARUL TREI: IN MOMENTUL CÂND MANIPULATORUL A TERMINAT DISTRIBUIŢIA DE ACŢIUNI, EL VA ÎNCEPE O CAMPANIE FARA ŞTIRI SAU DE ŞTIRI PROASTE." Acţiunile tale preferate au inceput să stagneze sau s-au retras puţin din maxime. Dintr-o data, este un VID de ştiri. Fie nu mai apar ştiri sau apar zvonuri rele. Am descoperit asta cu destul de multe acţiuni. De obicei curgeau informaţii şi "sfaturile la cald." Dintr-o data, conducta s-a oprit. Unele companii chiar au emis un comunicat de presă prin care ma CONDAMNAU ( "Noi nu avem nevoie de "exagerari" referindu-se la mine!). Draguţ, nu? Când compania a vrut exagerari fantastice sa circule încoace şi incolo, era cineva acolo pentru a ma hrani informaţii cu lingura. Cea de-a doua fază de distribuţie a fost TERMINATA ....ooops! Ne pare rău, gata cu ştirile, sau "Îmi pare rău. El nu e în birou.", sau " El nu va fi înapoi până luni." Manipulatoarii grosolani contacteaza grupuri de ştiri de pe internet sau alti jurnalişti pentru a planta ştiri negative despre compania respectivă. Sau încep o campanie de propagandă cu zvonuri negative prin toate mijloacele de comunicare disponibile. Chiar şi prin angajarea unui "contrarian" sau "firmă de relaţii cu publicul specializată" cu scopul de a duce preţul în jos. Chiar şi prin angajarea cuiva care sa il atace pe tipul care a scris mai devreme ştirile bune despre companie. (Acesta nu este un joc pentru fricoşi!) Vei vedea actiunea in cadere liberă. Chiar s-ar putea să te cuprindă o stare de neajutorare, ca şi cum ai pluti în spaţiu dezorientat. Astfel este exact cum manipulatorii vor să te simţi. Vezi Regula 5 de mai jos.El poate face de asemenea asta, pentru a evita dezamăgirea severă a unei "afaceri eşuate." Veţi auzi adesea refrenul"Asta e treaba cu companiile incepatoare in industria mineraliera ... foarte riscantă!" Sau des citatul statistician, "Nouă din 10 companii eşuează în fiecare an, asta este o Bursa de Valori pentru Stocuri Incepatoare..." Sa nu crezi că nu a fost planuit totul. Dacă un geolog la o companie minieră incepatoare nu este optimist în promisiunea de explorare cu succes, el va fi înlocuit cu cineva care este! Idem pentru afacerile high-tech, într-o lume plina de PhD's (Doctori). Deci, de unde stii, atunci când esti păcălit? Uita-te din nou la Regula #1. În aceasta regulă, vei regasi alte câteva reguli care explică cum preţul acţiunii este manipulat. "REGULA NUMĂRUL PATRU: ORICE STOC CARE SE TRANZACŢIONEAZA IN VOLUME IMENSE LA PREŢURI MARI SEMNALEAZA FAZA DE DISTRIBUŢIE." Când volum a fost mai mic si preţul a fost mai mic. Profesioniştii acumulau. După ce preţul incepe să creasca si volumul creşte.Profesionişti au cumparat jos şi au vandut sus. Cumpăratorii amatori au cumparat sus(şi vor vinde în curând destul de jos). În cărţi mai vechi despre manipularea pieţei si promovarea acţiunilor, pe care le-am studiat recent,preţul umflat(markup) al acţiunii este de trei ori mai mare decât "baza"."Baza" este preţul de lansare al unei actiuni. De exemplu,dacă cineva se uita la preţul unei actiunii pe un grafic şi găseşte o linie dreapta de echilibru la aproximativ 10 cenţi, atunci aceasta este "baza".Practic, faza de umflare a preţului unei actiuni poate merge atat cat manipulatorul este capabil să o creasca.Din observaţiile mele, un preţ umflat bine ar trebuie să aibă posibilitatea de a se tranzactiona de la cinci pana la zece ori mai mult decât "baza", cu de şase pana la şapte ori fiind comune. Manipulatorul va face tot ce stă în puterea lui, pentru a te ţine deoparte de actiuni până cand preţul a fost umflat de cel puţin două-trei ori, uneori recurgind la "fluctuaţii mari" până după ce el a acumulat suficiente acţiuni. Odată ce a început marcarea, graficul va arăta unul sau mai multe varfuri la volume - toate la preţuri mult mai mari (marcate de manipulator, desigur). Asta este faza de distribuţiei şi nimic altceva. Exemplu: Uite-te la Software Control Systems (Alberta:XVN), în care am achiziţionat acţiuni după ce pretul a fost umflat de cinci ori. Au fost opt zile de 500000(plus) de acţiuni tranzactionate, cu o singură zi de tranzacţionare a 750000 de actiuni. Manipulatorii au inceput distributia pe volume mari, la preţuri mari. Ori de câte ori vezi volume imense dupa ce preţul a crescut intr-un unghi de 75 grade, a inceput faza de distribuţie şi sunteţi pasibil de a cumpara -- la sau aproape de vârful preţului. Exemplu: Uite-te la Diamond Fields (TSE FR), care niciodată nu a crescut intr-un un unghi de 75 grade şi nu au avut tulburări de volum, in mai puţin de doi ani a crescut de la C$4(4 dolari canadieni)/actiune la C$160/actiune. Exemplu: Uite-te la Bre-X Minerals (Alberta:BXM), care nu a experimentat primul său unghi de 75 grade, pe volume mari până în iulie 14, 1995.In următoarele două zile de tranzactionare BXM a a scazut şi a rămas în jurul la C$2/actiune pentru două săptămâni. Volumul a fost cu 60% mai mare decat acum o lună , cu doar o uşoară creştere de preţ. Fiecare volum mare şi creştere spectaculoasă a pretului BXM a fost cu o retragere de preţ şi apoi stabilizare. "Dintr-o data," BXM nu a mai fost tranzactionata la C$2/actiune; ci a fost la C$170/actiune .... creştere de 8500% în mai puţin de un an! În ambele cazuri de mai sus,la un momentdat sau altu, principalele ziare canadiane au facut campanii cu articole extrem de negative despre ambele companii. În fiecare caz, chiar înainte de o alta creştere de pret, investitorii au ieşit de pe acţiune!Chiar inainte de începutul unei noi creşteri la ambele companii! Speculatorii de succes pe termen scurt ies în general de pe orice stoc cand volumul incepe sa creasca; amatorii se lacomesc şi cumpara la aceste preturi. "REGULA NUMĂRUL CINCI: MANIPULATORII VOR ÎNCERCA ÎNTOTDEAUNA SĂ TE FACĂ SĂ CUMPERI LA CEL MAI MARE PREŢ POSIBIL, ŞI SA VINZI LA CEL MAI MIC PREŢ POSIBIL." Manipulatorul va folosi toate mijloacele disponibile pentru a te invita la "petrecere", şi la fel dupa ce te-a jecmănit, va folosi cele mai crude şi brutale mijloace pentru a te face sa ieşi de pe "actiunile sale". Prima presupunere falsa ar fi ca promotorul acţiunii vrea sa devii investitor în compania sa. Aşa începe un şir de minciuni care ţin atât timp cât stomacul tău poate să reziste. Vei avea primul indiciu că "ai fost facut" în cazul în care preţul acţiunii stagnează la maxime. Cumva, a ramas fara vlaga şi nu eşti sigur de ce. Ei bine, a rămas fără vlagă, pentru că manipulatorul s-a oprit.Acţiunea este supraevaluată şi nu mai poate convinge lumea sa cumpere. Volumul scade in timp ce preţul acţiunii stagnează. UITA-TE LA VOLUMUL DE TRANZACŢIONARE, NU LA PREŢUL ACŢIUNII! Când mai devreme, este posibil să fi fost 500000 de actiuni tranzacţionare în fiecare zi timp de 8 zile din 12 (ca şi în cazul Software Control Systems), acum volumul a scazut la cca. 100000 acţiuni pe zi. Mai există unii cumpărători acolo, destul ca manipulatorul sa continue distribuţia acţiunilor, dar numai atât timp cât el poate angaja una sau mai multe persoane/servicii sa il mai promoveze. El poate continua hrănirea promotorilor cu o serie de "promisiuni" şi "urmeza veşti bune" (Crede-mă, asta mi s-a întâmplat şi mie!). Dar când ştirile sosesc in sfarşit, preţul acţiunii se duce in cap! Aceasta este orchestrată în întregime de manipulator. O veţi vedea în volum de tranzacţionare, care in mare parte este manipulat. Un manipulator va avea diferiti brokeri cumpărind şi vânzind acţiuni pentru a da IMPRESIA ca volumul şi preţul cresc, astfel încât tu să intri la cumparare cu gandul ca va mai creşte. La un moment dat în timpul etapei de stagnare, investitorii se satura de non-performanţa acţiunii. Acţiunea aluneca pentru un timp, într-o tendinţă stabilă de descreştere, probabil, cu un scurt vârf în preţ şi volum (semnul final că manipulatorul a descărcat în sfarşit, TOATE hârtiile lui). Apoi, acţiunea scade puternic - pierzind toata aprecierea de mai devreme.Uneori, manipulatoarii mai sadici,vor arunca un pic de speranţă falsă... oferindu-vă inca un pic de frânghie, astfel încât să va poată spanzura mai bine.Doar după o scădere majora,va fi un anunţ de cumparare pe minime care va ridica puţin preţul acţunii pe volum mare,dupa care va mai creşte inca puţin si apoi va continua să scadă in deriva.Intre timp vei fi "indepartat" folosind tortura cu picatura chinezeasca prin care preţul actiunii scade lent. Din nou, fiecare mişcare este complet orchestrată. "REGULA NUMĂRUL ŞASE: DACĂ ACEASTA ESTE O ADEVĂRATĂ AFACERE, ATUNCI CEL MAI PROBABIL VEI FI ULTIMA PERSOANĂ CARE VA AFLA SAU VE FI SCOS DIN PIAŢA LA PREŢURI MICI." După cum a scris Jesse Livermore "Dacă există bani uşor de facut in jur, nimeni nu o sa ţii bage in buzunar." Acelasi concept poate fi mai clar înţeles urmarind caseta.Cand un manipulator vrea sa ii cumperi acţiunile, vei auzi "zgomotele" puternice ale promovatorilor de acţiuni şi exagerări. Dacă esti "prins in joc", vi fi bombardat din multe direcţii. În mod similar, dacă vrea să vinzi o acţiune, vor fi orchestrate zvonuri care sa circule, trimise catre tine din nou din mai multe direcţii. Cum ştirile bune vin in valuri, la fel vin si ştirile proaste. Vei vedea dovada prin scăderi "masive" a preţului pe volume "imense". Asta eşti tu şi prietenii tăi fugind catre ieşiri. Dacă afacerea este pe bune, manipulatorul vrea sa puna mana pe TOATE ACŢIUNILE TALE sau cat mai multe cu putinţa ... şi la cel mai mic preţ posibil.Chiar dacă înainte te voia in piaţa LUI, pentru a-ţi distribui acţiunile la un preţ cat mai mare, ACUM, când vede că această afacere este buna, vrea să plătească cât mai puţin posibil pe acţiuni ...Pe acţiunile TALE de care vrea să te despartă, cât mai repede posibil. Manipulatorul te va indeparta scăzind preţul acţiunilor cat mai mult posibil. Ca în faza de "acumulare" , vrea sa păstreze cat mai multa linişte pentru a acumula cat mai multe acţiuni pentru sine, va scadea sau chiar va opri de tot volumul sa poata repeta faza de acumulare. In afacerea miniera, se pare că va fi mereu un alt "loc de joaca" chiar după colţ. Dupa ce Voisey's Bay a scazut enorm,în timpul celui de-al patrulea trimestru din 1995 şi inceputul lui 1996, aceiasi "amatori" Voisey Bay au început sa gaseasca afaceri in Indonezia. Unii s-au folosit chiar de noi entităţi corporative. Aceeasi Marie cu alta palarie. Faza de acumulare a fost STRICT SECRETA. Nivelul de zgomot a fost extrem de silenţios. În momentul în care cei din interior şi-au facut plinul de acţiuni, te-au informat si pe TINE despre SECRET. "REGULA NUMĂRUL ŞAPTE: INVERS, DE CELE MAI DESE ORI CÂND AFACEREA INCEPE SA MEARGA PROST VEI FI PRINTRE ULTIMII CARE VA AFLA." Ulterior iţi va arăta că a fost o "mica poticnire" în preţul actiunilor, in timp ce "expertizele au fost întârziată" sau "respectiva afacerea nu a mers". Manipulatorii işi pregatesc hârtiile(n.t. acţiunile) pentru a INCEPE scaderea. Şi a o accelera. Scaderea rapidă a preţului face foarte puţin probabil ca să poti ieşi de pe actiuni la un pret mai mare decat ai platit iniţial... şi vă oferă un motiv bun pentru a le mai ţine "un pic mai mult" in caz că preţul işi va reveni. Apoi, etapa de scaderi începe şi frica pune stapanire. Şi dacă nu ai nervi de oţel şi iţi poţi permite să il aştepti pe manipulator sa işi facă jocul, mai mult decât sigur vei vinde la un preţ foarte ieftin. Persoanele iniţiate, marketmakerii sau underwriterii sunt obligaţi să cumpere înapoi toate hârtiile(n.t. acţiunile) TALE, pentru a menţine compania în viaţă şi controlul asupra acesteia. Cu cat trebuie să plătească mai puţin pentru hârtiile(n.t.acţiunile) tale, cu atât mai mic va fi costul lui de a începe promovare acţiunilor din nou ... la o data viitoare. Chiar dacă compania sa nu are perspective DELOC, "bucata" sa de companie are ceva valoare (numai prin faptul că alţii ar putea să utilizeze structura creata, pentru a rula propriile lor promovări de actiuni). Deci, manipulatorul VA cumpara inapoi hartiile(n.t. acţiunile). El vrea să fie sigur ca plăteşte cat mai puţin posibil pentru acele acţiuni. "REGULA NUMĂRUL OPT: MANIPULATORUL TE VA ATRAGE IN PIAŢA , ASTFEL ÎNCÂT SA II CREŞTI PREŢUL ACŢIUNILOR." Plasarea unui ordin la preţ de piaţă sau ordin in pre-deschidere este o greşeala de incepator,tipizind investitorul din SUA - unul care presupune că acţiunile tranzacţionate pe volume mici sunt la fel cu blue chip stocks, cu care sunt obisnuiţi.Un manipulator (şi speculanţii sunt inclusi aici) poate ridica preţul din piaţă în timpul in care aţi plasat ordinul la preţ de piaţă pentru a vă servi, la un nivel ridicol de mare. Manipulatorul va folosi aceasta "metodă" împotriva ta. El işi va cumpara propriile hartii(n.t.acţiunile),pentru a te face sa cumperi la un preţ cat mai mare. El se va baga in faţă ta cumparind toate actiunile de la nivelul curent de preţ şi te va forţa sa plateşti MAI MULT pentru aceleaşi acţiuni. El se va juca cu tine şi te va FACE sa cumperi din ce in ce mai scump, astfel încât "să nu ratezi intrarea." Sa nu ratezi ce? Sa te alegi cu capul taiat, asta ratezi! Se poate evita manipularea prin a nu cumpăra in perioadele in care preţul actiunilor crestere foarte mult şi volumele de tranzacţionare sunt anormale.Această metodă este cunoscută ca şi fuga dupa acţiuni la preţuri din ce in ce mai mari. "REGULA NUMĂRUL NOUĂ: MANIPULATORUL ESTE CONŞTIENT DE EMOŢIILE CU CARE TE CONFRUNŢI ÎN TIMPUL UNEI CREŞTERI RAPIDE SAU SCADERI RAPIDE A PREŢULUI ŞI SE VA JUCA CU SENTIMENTELE TALE CA LA UN PIAN." În timpul creşterei rapide a preţurilor, vi avea o sclipire de lăcomie care te va obliga să intri la cumpărare. În timpul scaderii abrupte a preţului, vei avea o teama ca poţi pierde totul ... deci te vei grăbi sa vinzi. Vezi cât de simplu este si cat de clar suna un clopotel?Sa nu crezi că această formulă nu este intipărită in mintea fiecarui manipulator. Manipulatorul te va juca si pe creşteri de preţuri si pe scaderi. Dacă el o face foarte bine,te va face să crezi ca altcineva e de vina că ţi-ai pierdut banii! Promisiuni de a-ţi umple portofelul? Te vei grabi sa cumperi. Te sperie ca iţi vei pierde fiecare banuţ investit in acea acţiune? Vei fugi ţipind de groază! Şi vei jura ca NICIODATA nu vei mai specula pe astfel de acţiuni. Dar mulţi dintre voi inca o fac .... Manipulatorul ştie chiar si cum să te atraga înapoi pentru încă un joc. "REGULA FINALĂ: UN LOT NOU DE FRAIERI SE NAŞTE CU FIECARE JOC NOU." Pieţele financiare sunt Terenuri de Joacă,Crude, Nemiloase şi Periculoase, un loc unde în general incepatorii sunt jecmăniţi in modul cel mai brutal .... de obicei, de către cei care ştiu regulile de mai sus. Cum eu am datoria de a ma asigura că fiecare dintre voi inţelege cum este jucat acest joc, acum este de datoria TA sa ii faci pe colegii speculatori să inţeleagă aceste reguli.Cum aş fi un criminal,daca nu as face cunoscute aceste date, la fel de criminal ar fi să le păstraţi secrete.Intotdeanuna va fi un naiv pe care câinele turbat il va rupe în bucăţi, dar NU trebuie să fie în acest mod. Dacă fiecare abonat ar face acest eseu cunoscut la prieteni, cunoştinţe şi familie, si aceştia la randul lor ar da mai departe la prietenii lor,cu siguranţă ar putea să ii oprească pe mulţi din aceşti maipulatori. Dacă acest efort ar fi facut de mai mulţi, atunci poate că pieţele financiare ar putea stârpi aceşti hoţi de manipulatori şi promotori şi ne-ar putea aduce mai multe jocuri legitime. Bursele de valori sunt un instrument de finanţare.Companii IMPRUMUTA bani de la tine, atunci când investeşti sau speculezi.Ei vor ca preţul la actiuni să crească astfel incat sa işi poata finanţa afacerea cu o diluare cat mai mică a acţiunilor... dacă sunt baieţi buni. Dar ce ai simţi despre un prieten sau un membru din familie care împrumută bani de la tine şi nu ii mai restituie? Asta ar fi furt, pur si simplu. Deci, un manipulator iţi FURĂ banii. Nu-l lăsati să o mai faca. Insistă asupra companiei, în care vrei să investeşti să fie sinceră si directă ... sau caută o altă companie în care să speculezi. Banii tai vorbesc în volume mult mai mari decât orice sistem ce promoveaza acţiuni. Întotdeauna refuză orice afacere ce miroase urat. Refuză să tolerezi răspânditorii de escrocherii de pe pieţele financiare. Aceasta poate fi realizată doar prin cunoaşterea şi utilizarea regulilor de mai sus. Verificaţi complet o societate înainte de risca vreun ban pe ea.Căutaţi raportările persoanelor iniţiate pentru a afla cine işi vine hârtiile(n.t. actiunile), cât de des işi vand hârtiile(n.t. actiunile) şi ce s-a întâmplat in "ultimul joc." Începeti să utilizaţi aceasta ca pe o regula empirica: În cazul în care hârtia(n.t. actiunea) companiei este cu adevărat lipsită de valoare, atunci evit-o. Găsiţi o alta companiei a căror actiuni AU promisiuni şi posibilităţi oneste. În aceste pieţele de capital mici, investeşti mai mult in INDIVIDUL din spatele jocului, decât in "posibilitatea" de a juca în sine. Intreaba-te înainte de a specula: Aş putea împrumuta acestei persoane 5000$ pentru un an şi sa sper sa ii primesc inapoi? Dacă nu, atunci nu o fă! Fă-o pentru binele tău şi spre binele oricui este atât de naiv să speculeze în aceste pieţe financiare! Condiţia cu adevărat sănătoasă şi oarecum sigură la toate acestea: GASEŞTE COMPANII BUNE IN CARE SA SPECULEZI ŞI CUMPARA CAND SUNT LA MINIME. Orice altceva este criminal sau prostie. Acesta este un caz unde nu există o zona gri. E ori Negru ori Alb. Compania şi conducerea ei sunt ori hoţi ori au intenţia de a aduce valoare acţionarilor săi.