I need to get started on my, "Why Inflation Isn't Good Anymore", letter...

Thinking about finally joining this club, but was wondering if you can invest on the ASX 200 (Aussie stockmarket)

quote:

Originally posted by saluyamo Thinking about finally joining this club, but was wondering if you can invest on the ASX 200 (Aussie stockmarket)

Unfortunately, you can only trade securities which are on the American stock exchanges. But, there are many foreign stocks which trade on the American stock exchanges. So if you'v got an Aussie stock, you might want to check if it's traded on the American stock exchanges.

I made 2k in my first night...lost 1k in another position though

As Dollars Pile Up, Uneasy Traders Lower the Currency’s Value

The dollar was on a roll just a few months ago, bounding higher against foreign currencies as investors sought a safe hiding place for their money amid a global downturn. But now, many are rethinking their decision to buy American.

The dollar skidded to its lowest point in five months this week, battered by creeping fears that Washington’s costly efforts to stimulate the economy are growing harder to finance and may set off an unwelcome bout of inflation. Analysts are increasingly concerned that a rise in prices could hurt consumer spending, deepening the recession.

The dollar fell more than 3 percent this week, weakening to $1.40 against the euro on Friday and to $1.59 against the British pound. Experts said the flight to quality that made United States Treasury debt and dollar holdings so valuable at the height of the financial crisis was now heading for a rough landing.

“Those little footsteps coming down the hallway have begun to frighten many people,” said David M. Darst, chief investment strategist at the Global Wealth Management Group of Morgan Stanley. “The dollar has sold off inexorably, slowly but surely. The key thing driving it is psychology.”

The Federal Reserve is printing money from thin air, and the government is issuing trillions of dollars in new debt as it tries to spend its way out of the recession with a huge stimulus package, new lending programs, health care overhauls and automotive rescues.

(more) http://www.nytimes.com/2009/05/23/b...ollar.html?_r=1

2 question.
1. Where is the menu for short selling?
2. Can anyone recommend good community forums for stock trading/economics?

What do you mean where is a good menu for short selling. You should short sell only if you have extensive experience and knowledge about it. Because you are borrowing money and putting that borrowed money into a risky environment. I suggest you go to

www.marketocracy.com

and open a practice short selling mutual fund. Do not short sell for real until you can successfully do with fake money. You know the saying, "Practice makes perfect."

I think he was asking how to short on Marketocracy.

quote:

Originally posted by Krypton What do you mean where is a good menu for short selling. You should short sell only if you have extensive experience and knowledge about it. Because you are borrowing money and putting that borrowed money into a risky environment. I suggest you go to www.marketocracy.com and open a practice short selling mutual fund. Do not short sell for real until you can successfully do with fake money. You know the saying, "Practice makes perfect."

lol Yea, what capitalizt said. Sorry if it wasent clear enough.

I need some opinions. Are we in a bear market rally or is this for real? I see many over valued stocks which makes me question the market. But then you how high the 10Y tbill yield has gone. From 2.9% to almost 4% which suggest a move out of treasuries and probably into the stock market.

We are definitely witnessing in real-time the effects of so much liquidity going into the system.

quote:

Originally posted by Krypton I need some opinions. Are we in a bear market rally or is this for real? I see many over valued stocks which makes me question the market. But then you how high the 10Y tbill yield has gone. From 2.9% to almost 4% which suggest a move out of treasuries and probably into the stock market. We are definitely witnessing in real-time the effects of so much liquidity going into the system.

The answer is: It really doesn't matter whether it's a bull market or a bear market rally if stocks are going higher. A rally=rally. It could go on for weeks or years and still be a "bear market rally" (i.e. 2003-2006).