The crash in 1987 raised some puzzles – main news and events did not predict the catastrophe and visible reasons for the collapse were not identified. This event raised questions about many important assumptions of modern economics, namely, the theory of rational human conduct, the theory of market equilibrium and the efficient-market hypothesis. For some time after the crash, trading in stock exchanges worldwide was halted, since the exchange computers did not perform well owing to enormous quantity of trades being received at one time. This halt in trading allowed the Federal Reserve System and central banks of other countries to take measures to control the spreading of worldwide financial crisis. In the United States the SEC introduced several new measures of control into the stock market in an attempt to prevent a re-occurrence of the events of Black Monday.
“Across assets, these projections look tame relative to what the GFC delivered and probably unalarming relative to the recession/crisis averages” of the past, JPMorgan strategists John Normand and Federico Manicardi wrote, noting that during the recession and ensuing global financial crisis the S&P 500 fell 54 per cent from its peak. “We would nudge them all at least to their historical norms due to the wildcard from structurally less-liquid markets.”
Plusieurs investisseurs optent pour les fonds passifs, comme les FNB et les fonds indiciels, dont les frais de gestion sont bas, afin de faire des économies… Je pense que c’est à cause des publicités vantant les produits d’investissement à bas prix, qui relèvent davantage du marketing. À mon avis, il ne faudrait pas tomber dans ce piège marketing. Se baser sur les frais de gestion pour choisir des fonds communs ou des FNB, c’est une erreur. Il faudrait regarder plutôt les rendements moyens annualisés sur une longue période par rapport à l’indice de référence.
Stock markets play an essential role in growing industries that ultimately affect the economy through transferring available funds from units that have excess funds (savings) to those who are suffering from funds deficit (borrowings) (Padhi and Naik, 2012). In other words, capital markets facilitate funds movement between the above-mentioned units. This process leads to the enhancement of available financial resources which in turn affects the economic growth positively. Moreover, both economic and financial theories argue that stock prices are affected by macroeconomic trends.
JPMorgan’s Marko Kolanovic has previously concluded that the big shift away from actively managed investing -- through the rise of index funds, exchange-traded funds and quantitative-based trading strategies -- has escalated the danger of market disruptions. He and his colleagues wrote in a separate note Monday of the potential for a future “Great Liquidity Crisis.”
Another super post and discussion thread at the Balance Junkie blog. This one is called History Only Rhymes. Juicy Excerpt: Now I know that neither the Potato investors nor the Valuation Informed Index investors would claim that history will repeat itself exactly. They’re just using it to determine investment probabilities. That’s how I use historical data too. But I also like to incorporate a few other variables, which others may or may not find useful, but have served me well so…
I've posted a Guest Blog Entry to the Barbara Friedberg Personal Finance blog titled Six Dangerous Investing Myths. Juicy Excerpt: Stocks are more risky than bonds.This has been the conventional wisdom for a long, long time. But risk is uncertainty. If Shiller is right that long-term returns are highly predictable, stocks are not nearly as risky as we have long believed them to be. If Shiller is right, stocks are a high-risk asset class only for those who don’t take valuations into…
Welcome to the May 2, 2011, edition of the Carnival of Passive Investing (#5), a monthly collection of the best and most intelligent Passive Investing strategy articles around the internet. Some people foolishly want to beat the market (want being the key word) but we just want to invest with it. We have some exciting news to report about next month's carnival. Rick Ferri, the author of numerous books on Passive Investing, will be selecting the winners of the May Carnival of Passive…
Vous a-t-il au moins expliqué pourquoi il croit que les fonds indiciels sont une mauvaise idée? Personnellement, le seul point négatif que je vois actuellement aux fonds indiciels est que, si tout le monde investie dans ce type de fond, le marché va devenir stagnant, et à ce moment là ça risque d’être plus avantageux d’investir activement. Mais on est loin de ce scénario. La majorité des planificateurs financiers sont incapables de battre le marché de façon constante sur le long terme, et en tant qu’investisseur, perdre 2,3% de profit pour se payer un planificateur est énorme! On parle de 2,300$ par année sur 100,000$. Sur 20 ans on est rendu à 23,000$, sans compté les intérêts composés perdus. Imaginez sur une porte-feuille de quelques millions…
Il y a tellement de fausses croyances par rapport au courtage en ligne. Un peu à l’image du marché immobilier, on dit que c’est extrêmement risqué d’acheter une maison sans courtier immobilier. À mon avis, une fois bien informé, on peut tout faire soi-même et épargner des milliers de dollars. Il suffit d’y aller progressivement en respectant sa zone de confort.
Vashistha’s technique is simple. Working through a translator named Anup, I gave him my place of birth (Princeton, N.J.) and the date and time (down to the minute: June 5, 1986, 8:13 a.m.) before he put the information into a Nepali app called SkyVision to see what was happening in the skies at that moment. Then he mapped the planetary configurations on paper, forming a grid-like schema that represented various areas of my destiny: health, wealth, love, and longevity.
I recently posted a Guest Blog Entry at the Money & Such blog entitled Stocks Are a Lot Less Risky Than You Think. Juicy Excerpt: The price volatility of stocks is an illusion. It’s not real. Change how you react to it and it goes away. Stop taking volatility seriously and it goes “Poof!”. There were several good comments posted in response to the blog entry. Juicy Excerpt: I think you provide a unique approach to the topic. It sounds to me very similar to the idea of…
Jack Cohen, the son of Jewish migrants from Poland, founded Tesco in 1919 when he began to sell war-surplus groceries from a stall at Well Street Market, Hackney, in the East End of London. The Tesco brand first appeared in 1924. The name came about after Jack Cohen bought a shipment of tea from Thomas Edward Stockwell. He made new labels using the initials of the supplier's name (TES), and the first two letters of his surname (CO), forming the word TESCO. After experimenting with his first permanent indoor market stall at Tooting in November 1930, Jack Cohen opened the first Tesco shop in September 1931 at 54 Watling Street, Burnt Oak, Edgware, Middlesex. Tesco was floated on the London Stock Exchange in 1947 as Tesco Stores (Holdings) Limited. The first self-service shop opened in St Albans in 1956 (which remained operational until 2010 before relocating to larger premises on the same street, with a period as a Tesco Metro), and the first supermarket in Maldon in 1956. In 1961 Tesco Leicester made an appearance in the Guinness Book of Records as the largest shop in Europe.
Par contre, je veux acheter des FNB avec mes montants automatiquement déposés tous les mois, seulement ceux qui sont des FNB nord-américains seraient ‘commission free’? Comment savoir ceux qui sont Nord-Américains? Certain portent la mention Canada ou US, mais d’autres non. Dans le modèle couch potato sur lequel je compte me baser ici > https://cdn.canadianportfoliomanagerblog.com/wp-content/uploads/2017/07/CPM-Model-ETF-Portfolios-TFSA-RESP-2017-06-30.pdf , y a -t-il des FNB qui ne sont pas Nord-Américain.
La plus grande opportunité depuis 2008, c’était d’investir en 2009, en 2010, puis en 2011, 2012,2013, 2014 etc… il y a eu un crash monumental en 2008. Tout a au moins doublé depuis ce qui donne l’impression qu’on est de bons investisseurs mais…. un jour ou l’autre la tendance s’inversera et comme le dit Warren Buffett, « we’ll see who’s swimming naked when the tide goes out ».
Let’s face it. The idea of trading on the stock market can be intimidating, especially if you’re only introduction to it has been through movies or television shows; however, that fear can now subside. When you purchase this awesomely informative book, you’ll never have to again worry about not knowing the basics of the stock market. Even if you’re not completely sure that you want to actually spend your money in this way, having a general understanding of how the stock market works if often beneficial when you’re watching the news or even when you’re noticing entertainment or technological trends. If you want to be grounded in how our national and international economy works for the sole reason that you’ve always been interested in the subject, then what are you waiting for? Download this book right now!
Apple, Memes, and Business: BUSINESS $1,000,000,000,000 Aug 2 Apple becomes the first publicly traded U.S. company to hit $1 trillion in stock market valuation Apple has become the first publicly traded U.S. company to hit $1 trillion in stock market valuation. The company’s stock rose 3 percent after their strong third-quarter earnings report earlier this week.
Set forth below is the text of a Guest Blog Entry that I recently submitted to my friend "Pop" at the Pop Economics blog. Pop asked that I take a different focus and on Saturday I submitted a different version. So I thought I would set forth here the language of the initial take. It's entitled "Valuation-Informed Investing Is Risk-Diminished Investing." My name is Rob Bennett. I am the author of a Google Knol entitled “Why Buy-and-Hold Investing Can Never Work” and argue for an…
No definitive conclusions have been reached on the reasons behind the 1987 Crash. Stocks had been in a multi-year bull run and market P/E ratios in the U.S. were above the post-war average. The S&P 500 was trading at 23 times earnings, a postwar high and well above the average of 14.5 times earnings. Herd behavior and psychological feedback loops play a critical part in all stock market crashes but analysts have also tried to look for external triggering events. Aside from the general worries of stock market overvaluation, blame for the collapse has been apportioned to such factors as program trading, portfolio insurance and derivatives, and prior news of worsening economic indicators (i.e. a large U.S. merchandise trade deficit and a falling U.S. dollar, which seemed to imply future interest rate hikes).
"This is a most fascinating book about an intriguing but also a controversial topic. It is written by an expert in a very straightforward style and is illustrated by many clear figures. Why Stock Markets Crash will surely raise scientific interest in the emerging new field of econophysics."--Cars H. Hommes, Director of the Center for Nonlinear Dynamics in Economics and Finance, University of Amsterdam
Sree Veerabrahmendra Swamy a reincarnation of Lord Vishnu who is the Preserver of the deities predicted that from November 2016 onward through the year 2017 there would be many cataclysms which would wipe out millions. These comprise earthquakes of over 7 on the Richter scale occurring all over the world. In China from 2015 to 2023 since Saturn represents 8 Years it would see common man protests, Change of Government, bad karma and economic troubles. China would fight a war with India to divert public opinion from their economic troubles. America would see their currency collapse by 90% according to Gerald Celente and already the Asian countries are holding Euros and gold in their reserves. America will be wrecked by hyperinflation and food riots. The fall of a superpower with 20 trillion dollars in debt by 2018-2019 which is more than the G.D.P of the country. Britain would face economic crisis as well as its debt has reached alarming proportions. Overall Europe and America would spend less on defense affecting them in the future decades when the security of these countries is threatened.
I’ve posted Entry #418 to my weekly Valuation-Informed Indexing column at the Value Walk site. It’s called The Shiller Revolution Is About Shifting the Focus from Economics to Emotions. Juicy Excerpt: The Shiller investor would have been frightened by those gains. He would not have seen them as something to celebrate; he would likely have characterized them as “out of control.” All investors want the market to be as rational as possible; we have our retirement money invested in it. The difference, though, is that Buy-and-Holders see nothing concerning about big price gains — they are caused by economic developments as much as are small gains. Valuation-Informed Indexers, in contrast, see bull-market gains as emotion-generated gains. Times of high valuations are times of irrational exuberance. The times in which the market delivers big gains are the most dangerous times for stock investors. Related PostsValuation-Informed Indexing #267: Take Valuations Seriously and You Will Discover Things That You Were Not Initially Even Seeking to DiscoverValuation-Informed Indexing #260 : Shiller’s Ideas Should Be Treated as Mainstream IdeasValuation-Informed Indexing #268: Chase Utley’s “Dirty” Slide and Robert Shiller’s “Dirty” ResearchValuation-Informed Indexing #265: P/E10 Permits Us to Quantify Investor EmotionValuation-Informed Indexing #261: Unlike Long-Term Returns, Short-Term Return Sequences Are Highly UnpredictableValuation-Informed Indexing #255: How Developments Like the Greek Debt Crisis Affect Stock Prices
In the chart of a whole stock exchange or nation, Scorpio is about global debts and trade deals and global tax avoidance systems between countries. It’s really about ’til debt do us part’ for small and big nations. This goes all the way back to the post-war bills in Europe, and their impact on Germany in the 1930s, the last time Uranus was in Taurus. So we’re also talking Europe in 2018 and 2019 and the Euro. Most astrological charts here are based on data from The Book of World Horoscopes by Nicholas Campion (The Wessex Astrologer) and are below, end of page, for those of you who want to see the astrology for yourself.
GOLD broke above it's downtrend channel line for the first time on February 3 and moved sharply higher immediately. It has very recently formed a FLAG pattern which is usually a Continuation signification. A pattern "count" would take the GOLD Price target to $1440! Apparently, the vote for Britain to potentially leave the EU is coming up and polls say it is a close call. That is roiling world markets yesterday and today and is one of several uncertainties presuring GOLD higher.
Considering again Cassini going to Saturn: as for the planet Saturn, possibly Saturn represents "Satan"-- the Antichrist is said to be a Satanic imitation of Christ, actually the son of Satan. So the Cassini probe journey to Saturn actually may be the journey of mankind to "Satan". Also note that in Greek, where each letter is also a number, "Titan" totals 666, another indication of the Cassini landing on Titan being connected with the Antichrist. Note that Titan (representing the Antichrist?) revolves around Saturn/Satan.
La tolérance au risque dépend en grande partie de votre personnalité. Quelle serait votre réaction si la valeur de vos épargnes fondait très rapidement? Par exemple, lors d’un krach boursier, alors que plusieurs investisseurs vendraient en panique, auriez-vous les nerfs assez solides pour acheter d’autres actions pendant que leur valeur est basse? Même en gardant une perspective long terme, il faut être conscient que plus le potentiel de performance d’un placement est élevé, plus son niveau de risque est important.
I predicted that a war will come to America. I had a dream a few months back, I was running up to a home trying to survive gun fire. As soon as I got in the home I went to the balcony and yelled out blame obama. As I yelled I saw jets, and helicopters above me shooting at a large city. Right after that I was shot by helicopters and woke up. I have also had predictions of flooding and major volcanoes from California to Washington about every night.
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Stock market crashes are usually caused by more than one factor. In fact, there are often two sets of reasons for a crash. One set of conditions creates the environment for the sell-off, and another set of factors triggers the beginning of the sell-off. Just because there is a market bubble, it doesn’t mean the market will crash. Usually something needs to occur to cause investors to begin selling and buyers to step away from the stock market.
I recently posted a Guest Blog Entry at the Future Storm blog. It's entitled What the Stock Investing Experts Don't Want You to Know. Juicy Excerpt: The experts are experts in selling first, second, third and fourth. They don’t tell us what we need to know about stocks but only what we want to know about stocks. We all wanted to think that those insane prices could continue indefinitely. That was of course a hopeless dream. But the experts did not want to be the ones to let us know. They…
Watch out for economic chaos in 2019 - 2020, and watch what Putin the Antichrist, the 1st horseman, is doing in Russia, such as invading Ukraine and intervening in Syria. Relate to Revelation 15 plagues. The 4th horseman Death could be riding as a Flu epidemic, possibly Bird Flu, Zika virus SARS. Disasters for the world in 2019 - 2020: flu epidemic, earthquakes, volcanos, solar flares, asteroids hit earth, the Antichrist Putin. The 2nd horseman War and 3rd horseman economic chaos riding in 2019 - 2020.
I've posted Entry #5 to my monthly column at the Balance Junkie site. It's called Five Things Tim Tebow Can Teach Us About Stock Investing. Juicy Excerpt: The poll shows that the explanations people give for liking Tebow or Manning are rationalizations. People decide for emotional reasons who to support and then turn on the brainpower to concoct explanations for those emotional beliefs that sound sensible. When stocks are priced at three times fair value, there will be dozens of reasons…
Bonjour je voudrais investir a la bouse. Je vis a montreal. J’y connais rien, mais j’ai deja eu des regrets de ne pas avoir deja passez a l’action. Savez vous les facons de commencer a Montreal ? J’ai lu sur les stocks enligne, et j’ai vaguement entendu parler que certaines banques ont des comptes fait pour ca, certains sont plus libre et moins chere. Avez connaissance, des bonnes direction a conseiller s.v.p. Je veut profiter de la vague des stock du canabis. J’aimais bien Tesla y’a 3 ans mais je n’ai pas poser les actions necessaires pour investir.
Ninth, Trump was already attacking the Fed when the growth rate was recently 4%. Just think about how he will behave in the 2020 election year, when growth likely will have fallen below 1% and job losses emerge. The temptation for Trump to “wag the dog” by manufacturing a foreign-policy crisis will be high, especially if the Democrats retake the House of Representatives this year.