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A simple search on this title over any search engine will show you the true power of the concept – there are 118,000 results only on Google. I don’t know if this because of the “Dummies” franchise or because of the number of traders willing to learn the ropes of the field. Certainly there is an incredibly high demand for this title and the reasons are simple – the demand for online currency trading is surging.
Well, we continue our previous blog about the website valuation methods and considerations… right now 
As mentioned in our previous post, the vast majority of the 11 million or so links can be summarized in two extreme positions:
SOX is Security Exchange Commission requirement which prescribes very specific steps to be followed. It is like an US law for the US stock - listed companies, asking them to certify that their internal system of control is in place, is appropriate for the purpose and did not allow any material errors to occur in the financial statements. In a sense, it is like a compulsory external audit - it is prescribed by certain steps and follows a certain logic. SOX is designed to protect the investors in public listed companies and has even legal consequences for the senior officers of those companies (liable in front of the US law).
Jeff Greenblatt starts his book with a classical adagio – “The only constant is change” (Heraclit). In this respect, his book is very interesting. Because “Breakthrough Strategies to Predicting Any Market” is in equal measure a book about technical trading as well as about self-discipline.
The author begins his book by underlining what can bring you the trading success.
We want to run this place like the cockpit of a jetliner, where you have hundreds of different instruments before you at all times and know exactly where you are.
Dan England (b. 1948) US CEO of C.R. England. ‘The Mavericks’, Fortune (June 1995)
The big news of these days for the internet seem to be the launch of the wolfram alpha search engine. Which, after our first doitinvest.com tests, looks as more of a fad.
Wolfram alpha reveals itself to the world as a different search engine - in a sense that it uses different search algorhitms compared to any other search engine. It is supposed to be much closer of the human thinking than the cold, rational algorhitms of its bigger and older competitors (see yahoo or google).
In such a bad environment, where travelling and tourism are down more than 20% vs. 2008 (and last year was a bad one too), Accor continues toplan for expansion. It has recently announced plans to expand further its business. Accor, Europe’s largest hotelier, plans to set aside 100 million euros ($132.8 million) a year to buy hotels put up for sale as a result of the global downturn, the group’s chief financial officer said on Sunday.
As we have adopted fundamentally long positions in our US blue chip shares portfolio, there are no changes in the no of shares owned as of today. However, the market seemed to come back a little bit this week and we extended our gains modestly (but certainly, as $8,000 is no little gain I’d say -0.8% per week measn 40% in one year, an investment yield hard to obtain otherwise than by doing a lot of short selling these days).
So the summary of our US portfolio looks as follows:
Well, two weeks have passed since we started our blue chip shares portfolio. If you remember, we created a portfolio of very liquid shares two weeks ago, with the intention of tracking its performance and of comparing it with the investments performance of the DJIA index.
Well, in two weeks the things are quite good. The initial value of our investments portfolio was $1,06 million. In these 13 days we had no bad luck - in fact we had capital gains (since we did not made any transactions with the shares) of $60,000. This corresponds to an investment yield of 6% before any trading commissions and taxes, or roughly to 4% after those.
Here we go again with one more doitinvest.com survey on how long might still last the current financial crisis / recession. Compared to the last two surveys we had a couple of months ago, this one seems to be pretty more optimistic. This optimism is fueled by the recent slow recovery of the stock markets (see the Dow Jones recovering sharply in the last two weeks), as well as by the pace of the bad news pouring in at a slower pace.
The financial investing experts surveyed by doitinvest.com point out at four main causes of their optimism:
