Financial News


Google Offers FREE Smartphone For All

Google has just released the world’s first FREE smartphone. Now everyone can have a free smartphone. Google even pays the monthly fee. The new Google Whispers smartphone is set to turn the smartphone industry on its ear.

3 Reasons It’s Not Cool to Admit You’re a Fibonacci Trader

Fibonacci, a mathematician, lived in 1175. He was one of the greatest scientists of his time. Among his greatest achievements was the introduction of Arabic numerals to supersede the Roman figures. He developed the Fibonacci summation series: 1,1,2,3,5,8,13,21,34,55,89,144, …

This mathematical series develops when, beginning with 1,1, the next number is formed from the sum of the previous two numbers.

Dividing any number of the Fibonacci sequence by the following number in the series approaches the ratio 0.618.

Why is it that of all my many technical analysis tools–candlesticks, chart patterns, volume, MACD, ADX, RSI, Stochastics–only Fibonacci retracements lower my sense of self worth? Maybe it’s because…

#3 The Pyramid Of Gizeh

Oh look, I’m using a tool that ancient civilizations used before people grew smart enough to invent things like steel, cement, and cranes.

One edge of the Pyramid of Gizeh is 783.3 feet long, the height of the Pyramid is 484.4 feet. The length of one sideline divided by height leads to the ratio 1.618. The height of 484.4 feet corresponds to 5,813 inches (5, 8, 13) from the Fibonacci sequence.

#2 Plants

It’s hard for me to maintain my self-image as a mature, (Read More….)

Insider Trading At Bruce Berkowitz’s Fairholme Fund?

On April 30th, 2010, Bruce Berkowitz’s Fairholme Fund revealed in a filing with the SEC a 69.4% increase in their holdings of AIG in the previous 6 weeks.

Now why would Bruce be buying AIG with both hands as if there’s no tomorrow? Especially when you consider that AIG was under criminal investigation!

Then the news broke today that no criminal charges would be filed against AIG.

Let’s put prejudice Jewish comments about Bruce Berkowitz and how the Jews have better access to information than average street traders like you and me aside. Insider trading is still illegal regardless of whether you are Jewish or not.

The SEC needs to investigate Bruce Berkowitz’s Fairholme Fund. Here we have quick and massive buying in AIG, approximately 10,429,700 shares in the 6 weeks before it is released to the public that no criminal charges will be filed against AIG! AIG traded at an average share price of $37.50 during the 6 weeks before the Justice Department announced no criminal charges so that’s a purchase of approximately $391,113,750!

It looks like Bruce had access inside the Justice Department and was told in advance that no criminal charges would be filed while the rest (Read More….)

What Starving Stock Traders Can Learn From The DOW

The DOW is made up of only 30 companies. Bigass companies like General Electric, JP Morgan, and Bank of America.

In 2006, Mark Skousen who charges a hefty $1,000 per year for his stock picks touted the Dogs Of The Dow strategy as “a highly profitable way to uncover today’s best bargains…”

The Dogs Of The Dow strategy became such an urban myth that a website dedicated to the strategy called DogsOfTheDow popped up claiming, “Dogs of the Dow is a stock picking strategy devoted to selecting high dividend stocks that would have given you a 17.7% average annual return since 1973!”

The truth of that matter is that the Dogs Of The Dow strategy is dead.

Dogs of the Dow worked decades back but today it doesn’t and just exposes investors to additional fees and tax liabilities if comparing to a simple broad market index ETF like SPY.

By holding the 10 highest yielding stocks of the Dow 30 Industrials (the highest yielding stocks at a particular time are usually indicative of the worst recent performance since share price is inversely correlated with yield), a strictly executed “Dogs of the Dow” strategy slightly outperformed the Dow Jones Industrial Average (Read More….)