What is this 50% retracement rule that I am hearing about?
Answers: The 50% retracement level is very important in technical analysis. When you have a big price move, you are likely to see some support or resistance at the 50% level. While it is not a fibonacci number it is included when drawing out fib levels on charts. William Gann emphasized the importance of this level in his writings.
no such rule....just bs
What happen contained by the Societe Generale fraud?
I don't want to know why it could happen, or what the ramification are. But what, exactly, did this trader do that was fraudulent? And why did he do it, if he didn't profit from it?Answers: Jerome Kerviel be trading European stock index futures. While the news out is not specific, we know that he 'bet massively', be wrong and had 'wisdom of the control systems' from his earlier work.
It sounds like his industrial know how allowed him to override Societe Generale's risk management mechanism to take such big (losing) positions contained by the futures market.
One explanation, presumably was to increase his standing or his bonus.
The fraudulent bit be probably trading more than his allowable limit and the covering it up. Also inventing fictitious accounts
Recent reports are suggesting that he be placing fake trades on the system to symmetry out his real trades. He may also own been setting up fictitious client accounts like leeson. Given the border requirement that a $60bn position would require, he may also have be using client money to post margin, which would be serious fraud.
Why should the Federal Gov't (that's us) bail out the Stock Market for their unbelievably unpromising investments.?
Bad investments is what THEY call it. Wasn't is more roughly greed and deceit? All that speculation cause inflation of housing and will only front us to worse inflation...are you not already paying higher prices at the supermarket? And the downside have not even begun all the same. Why should we have to pay envelope for their greed and stupidity...and yes deceit on the part of the pack of the loan companies. I'm for letting them all suffer. It is Enron or finanicial terrorism at best. What's your hold on this?Answers: Because the people beside the most to gain or lose are the ones who fund most of their campaigns (exception: John Edwards). If you ask Ron Paul, he'll give an account you the Fed should be dissolved.
But if you're worried about paying for stupidity, check the cost of the period of war.
They should if it prevents the rest of the country from experiencing major financial problems because of it.
Which would you prefer:
1) no help, the country go into a major recession, job loss skyrockets, your personal bottom line is artificial
or
2) the govt. helps and the country doesn't turn into such a bad recession, it have a chance to reverberation quicker, and if you feel it surrounded by your wallet, you only surface it a LITTLE