Fake Tweet Erasing $136 Billion Shows Markets Need Humans
A false report of explosions at the White House that wiped out $136 billion from the Standard & Poor’s 500 Index in about two minutes highlighted the risks of the computerized trading that dominates the $18 trillion market.
That would mean that in 2 minutes it is the approximate equivalent of 360 days of nominal GDP of Vietanam. OMFG!
|Rank||Country/Region||GDP (Millions of $US)|
|GDP (nominal)||2012 estimate|
The Real Bank Robbers
Bank of Cyprus’s Customers May Lose as Much as 60% on Deposits
Historical Coffee Prices – 1980 – 2013
Coffee futures contracts declined 78 dollars or 36.66 percent during the last 12 months. Historically, from 1972 until 2013, Coffee averaged 123.3 Cents/lb reaching an all time high of 339.9 Cents/lb in April of 1977 and a record low of 42.5 Cents/lb in October of 2001. Brazil is the biggest producer and exporter of coffee in the world; 33% of total production from September 2010 to August 2011. Colombia, India, Indonesia, Guatemala, Ethiopia, Mexico are also major producers. Coffee futures contracts that trade on the Inter Continental Exchange (ICE) are the world benchmark for Arabica coffee. The word “coffee” is believed to be come from Kaffe, Ehtiopia, where coffee originated in the 9th century. Derived from the coffee bean, it was not well-received, and at one time was even banned in Turkey and Egypt. The demand for coffee gradually increased until it has become one of the most popular beverages in the world. This page includes a chart with historical data for Coffee.
Free Trader Tools – Sentiment Survey
The American Association of Individual Investors is a nonprofit education publisher that has been successfully aiding “do-it-yourself” investors for over 30 years. Check out what AAII has to offer:
The AAII Investor Sentiment Survey measures the percentage of individual investors who are bullish, bearish, and neutral on the stock market for the next six months; individuals are polled from the ranks of the AAII membership on a weekly basis. Only one vote per member is accepted in each weekly voting period.
=== Remember that these types of surveys there are many outthere, this is one of the important ones. I do not recommend to take trading decisions only using this. I see it more like a “thermometer” measurment. Good Luck in your trading and always use stops! Dimitri Feria ====
Are you Traders prepared? Currency Wars Simulation Video
Fantastic Video from the epic book from Jim Rickards