Someone had to say it!! It was the night of round number failure...Dow hit 16,000,NASDAQ hit 4000,S&P hit 1800 and all backed off after hawkish comments from one of the Fed talking heads and the legend that is iCahn dared to suggest on TV that things were getting a little out of control..well someone had to say it...anyway it was enough to knock the market off its highs and take some of the heat out of the market which is trading at 17 times earnings..somewhat above the average 14 times.Read more at (VIEW LINK)
Henry started in financial markets in London in the 80s as an option trader before coming to Sydney and spending 7 years at Macquarie Bank including a stint running equity derivatives and cash trading.For the last few years he has been a private...
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that guy I met George would be the man
One of the gold bullion dealers I chat with was buying bitcoins a few months back, which made an interesting statement on his view. The CIO of $55 billion fortress was buying them as well (just as a PA punt though) http://www.ft.com/intl/cms/s/0/5e972afe-3cce-11e3-a8c4-00144feab7de.html?siteedition=intl
The bitcoin versus gold chart is a good one Henry. I need to see if we can get someone on LW to explain the mechanics of Bitcoin... Definitely a step too far for me