Tuesday, September 01, 2009
11:28 am - Market Report by Bill Wermine
Dear Traders,
If there is any lesson to be learned from the movement of stock prices in the KLSE in the last 2 years it is that expectations drive stock prices far more than fundamentals. Psychology trumps reality every time.
The top 20 central banks are simultaneously conducting the biggest money printing operation in history, aiming to inflate global stock markets higher. The group of 20 meets in London next week to discuss maintaining ultra low interest rates for the rest of the year.
The September and October effect which have had the reputation of being the graveyard for many bull markets but with crude oil, gold, the AUD, copper, rubber, base metals rising this reputation does not hold water this round. Liquidity is the driver - not fundamentals
This should slaughter the short sellers of the Dow on course to Dow 10,000 and by proxy, a futhur push in the KLSE.
For daily updates on the KLSE/Futures visit Martin's blog klse2118.blogspot.com.
We have a KLSE preview next Saturday 2 to 5 PM of our Master the Markets program at my office at Phillip Wealth Mgt. Using Martin's blog- we have recruited 94 PAX who called Dolly. The 50 % rule says about 47 PAX will show up. The training room only holds 40 so it is first come first served- latecomers will have to stand or wait in the reception area. We will rig a speaker for the reception area if we need.
Our course is about market reality and how to profit from CNBC lies, misinformation, propaganda, hype, manipulation and the psychology of the sheep investor.
Read Below of how Goldman Sachs cheats and violates securities laws to benefit their insider clients. They were caught by the Securities Commission and may have to pay a multi- million fine for front running and fraud. Remember most of the US federal reserve board governers, treasury secretaries etc - such as Tax cheating treasury secretaryJimmy Geithner are alumni of Goldman Sachs.
Could this culture of cheating Goldman retail clients carry over to cheating the US taxpayers ? Goldman cheats the retailers to benefit their multimillionaire insider clients.
We as price and volume traders can know what they are doing before they do it ! Insiders can not hide from the volume prints.
which are the footprints of the smart money. This is the main focus of our course.
At many firms, traders, salespeople and analysts hold early-morning calls to review ratings changes, recommendations and market events. Throughout the day, analysts talk to key clients to help them interpret research reports and provide more detail on specific events such as earnings.
If there is any lesson to be learned from the movement of stock prices in the KLSE in the last 2 years it is that expectations drive stock prices far more than fundamentals. Psychology trumps reality every time.
The top 20 central banks are simultaneously conducting the biggest money printing operation in history, aiming to inflate global stock markets higher. The group of 20 meets in London next week to discuss maintaining ultra low interest rates for the rest of the year.
The September and October effect which have had the reputation of being the graveyard for many bull markets but with crude oil, gold, the AUD, copper, rubber, base metals rising this reputation does not hold water this round. Liquidity is the driver - not fundamentals
This should slaughter the short sellers of the Dow on course to Dow 10,000 and by proxy, a futhur push in the KLSE.
For daily updates on the KLSE/Futures visit Martin's blog klse2118.blogspot.com.
We have a KLSE preview next Saturday 2 to 5 PM of our Master the Markets program at my office at Phillip Wealth Mgt. Using Martin's blog- we have recruited 94 PAX who called Dolly. The 50 % rule says about 47 PAX will show up. The training room only holds 40 so it is first come first served- latecomers will have to stand or wait in the reception area. We will rig a speaker for the reception area if we need.
Our course is about market reality and how to profit from CNBC lies, misinformation, propaganda, hype, manipulation and the psychology of the sheep investor.
Read Below of how Goldman Sachs cheats and violates securities laws to benefit their insider clients. They were caught by the Securities Commission and may have to pay a multi- million fine for front running and fraud. Remember most of the US federal reserve board governers, treasury secretaries etc - such as Tax cheating treasury secretaryJimmy Geithner are alumni of Goldman Sachs.
Could this culture of cheating Goldman retail clients carry over to cheating the US taxpayers ? Goldman cheats the retailers to benefit their multimillionaire insider clients.
We as price and volume traders can know what they are doing before they do it ! Insiders can not hide from the volume prints.
which are the footprints of the smart money. This is the main focus of our course.
At many firms, traders, salespeople and analysts hold early-morning calls to review ratings changes, recommendations and market events. Throughout the day, analysts talk to key clients to help them interpret research reports and provide more detail on specific events such as earnings.
Continue to hold your quality dividend KLSE shares. No evidence yet of trend turn. I will post on Martin's blog when there is evidence of the turn. WE will not get the top but we will get a nice piece out of the trend. Our job is to make money- being right is an ego or need to be in control issue.
Have a profitable week
Bill
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