Wall Street

Search
Directory
Links


Create the future you want! Learn to make money online. Visit our website and start today!  www.exclusivebizopps.com

SocGen Rogue Trader causes fed rate cuts this week !?

Posted by James Breen at 26 January 2008 14:22

I guess it is time to get 100% long for the readers to count. All indications in Wall Street are unbelievable, for example stock trading.

The synthesis of the idea of stock trading dominated early news:

Major indices closed mixed the week here the details:Nasdaq -0,6%Dow Jones 0,9%S&P 500 0,4%Here The Weekly Movers:GAINERSBankUnited Financial Corporation(BKUNA)Flagstar Bancorp, Inc.(FBC)M/I Homes, Inc.(MHO)Radian Group Inc.(RDN)FreightCar America, Inc.(RAIL)CarMax, Inc(KMX)LOSERSHuman Genome Sciences(HGSI)SunOpta, Inc. (USA)(STKL)Mercury Computer Systems Inc.(MCRY)Motorola, Inc.(MOT)Agria Corporation (ADR)(GRO)DealerTrack Holdings, Inc.(TRAK)Swing Trading, Technical Analysis, Daily Stock .. full post.

They said:

So - I posted earlier about the Fed's shocker cut this week. It turned out to be an amazingly volatile week for the global markets- 1 day in the US - the Dow had a ~600 point swing (that is around the 3rd biggest % swing day ever for the Dow). The Hang Seng was down ~10% one day, up 5%/ 6% on other days. The Stoxx 50 had similar volatility - just huge global markets volatility. Also Societe Generale Reports EU4.9 Billion Trading Loss.because of a rogue, evil, bad, no-goodnik trader. Shocking ..>>.

It is just getting started:

On January 24th /08 CIBC World Markets analyst Barry Cooper initiated coverage on Aurelian Resources. Company Profile Aurelian Resources Inc. (TSX: ARU) focused on their wholly-owned Condor Project, consisting of approximately 95,000 hectares in south-eastern Ecuador. Fruta del Norte (FDN), their flagship epithermal gold-silver deposit, was discovered in April 2006 and has a NI 43-101 compliant initial inferred resource of 13.7 million ounces of gold (58.9 million tonnes grading 7.23 g/t ..».

Keep up the good work.

Add To Windows Live Add To Slashdot Stumble This Digg This Add To Del.icio.us Add To Reddit Add To Yahoo MyWeb Add To Google Bookmarks Add To Furl Fav This With Technorati Add To Newsvine Add To Bloglines Add To Ask
0 Comments:
Labels bond Bond Investing Bond Trading commodity Investing Commodity Trading Financial Trading Forex Trading fund fund investments Hedge Funds Mutual Funds stock investing stock market stock markets Stock Trading wall street wallstreet
Blog Archives 2008 January February March April May June July August September October November | All Posts
Dec January 2008 Feb
Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    

Related Blog of Wall Street on Sphere Wall Street Blog on Technorati

Subscribe to Our Feeds

Meanwhile, Interest Rate futures show traders expect a 0.25% point rate cuts at the Fed's next two monetary policy meetings on October 31 and December 11.


More


Wall Street

Copyright © 2008 www.wall-street.org.uk. All rights reserved. Valid XHTML 1.0 Transitional

Investors Business Daily and Market Research News