Forex Yellow Pages

It’s being touted as a big win for consumers — but the new credit card legislation that President Obama signed into law Friday hardly means that cardholders can start swiping that plastic worry-free.

In fact, as the new rules kick in (most will go into effect nine months after the president signs the bill, while others will kick in as early as 90 days afterward)  and banks start curtailing the abusive practices this legislation reins in, other practices will likely emerge that can hurt consumers just as badly. “The pendulum may have swung in the wrong directionâ€?, says Dennis Moroney, research director and senior analyst for TowerGroup, a research and advisory-services firm focused exclusively on the financial-services industry. “The banks now have to respond to these changes.â€? Read more…

NEW YORK (AP) — The dollar tumbled against the other major currencies Wednesday, touching a fresh low against the pound for the year and a 4-month low against the euro as signs of a resolution to the financial crisis drove investors to riskier investments. Equities in Europe and the U.S. rose, as did oil prices, as cheered investors moved their cash into commodities and stocks.

Since last summer, the dollar has tended to trade inversely to stocks, as fearful investors deserted their positions in emerging markets and commodities and jumped to the buck’s “safety” lure. When stocks and oil prices trend higher, that pattern tends to reverse.

The euro jumped to $1.3782 in morning trading in New York from $1.3650 late Tuesday, peaking earlier at $1.3794, its highest price since Jan. 8.        Read more…

The stock market has run out of reasons to rally, at least for now.

After a two-month surge that saw the Dow Jones industrials average soar 31 percent and the Standard & Poor’s 500 index shoot up 37 percent, investors gave up some of those gains last week. As the new week begins, there doesn’t seem to be any catalysts that could restart the rally.

The market barreled higher as investors realized that worst-case scenarios in the banking industry weren’t going to happen. Indications that the recession was slowing also gave investors reason to buy at a pace not seen in decades. Read more…

The winner of Berlin short film festival. Chicken a-la-Carte.
Truly heart breaking….may we always count our blessings and also remember to be a blessing to others. This six minutes short film will change your outlook in life. Must watch!!

Read more…

Banking Stocks – Is It Too Late to Buy?

I wrote a posting on May 3rd, 2009 title “Will Stocks Market Rebound Soon?â€? And the answer surely it did for the past one week where Dow Jones rose more than 200 points, Citigroup rose to $4.02 from $3.14 (28% higher) and Bank of America rose to $14.17 from $8.68 (63% higher). This is a solid rise as the market seems to be bottoming up thus start to reverse for the past few weeks. The trend seems confirming as the positive financial news released were adding investors’ confident. Read more…

Being a forex trader is an exhilarating profession where you bounded your daily 24-hour a day life with forex news alert from around the globe five and a half days a week. The forex/currency trading market starts from the East where Tokyo will start trading around 9am Monday their time which is Sunday 7pm in New York and it ends about 4 pm (EST) Friday in New York.

I was once a forex trader expert in the four major currencies operational in a small boutique currency trading company in San Francisco. I still remember the working hours was almost 16 hours per days where you only got few hours of sleep each day. We specialized in private investors’ funds and managing those funds were high in pressure and stress; the reasons are that the private investors will call you anytime to check their forex trading positions and forex account balances. The payout was high but the working hour was dreadful. Read more…

Hedge fund manager Jeff Matthews, who wrote “A Pilgrimage to Warren Buffett’s Omaha,” actually made the pilgrimage last weekend, along with 35,000 other Berkshire Hathaway investors.

In Matthews’ opinion, the most disconcerting news from the weekend was that the external managers Buffett has hired to manage Berkshire’s money are doing a lousy job. Specifically, Matthews says, they all lost more than 37% on the year — worse than the stock-market average.

The only reason to hire a money manager is to try to beat the market, because otherwise you should just buy an index fund. The fact that Berkshire’s external managers lost money isn’t surprising — everyone got hammered last year. The amount they lost, however, is. Read more…