I wrote an article a couple of weeks ago, in which I laid out some reasons as to why I thought that Warren Buffett is very misinterpreted and misunderstood. Buffett is indeed one of the greatest investors to ever walk the face of the earth, and his strategies and ideas carry tremendous weight. He influences the influencers and very often his beliefs are taken out of context and therefore misunderstood and lead to stock bubbles.
Lately, I’ve been talking about the dollar’s decline...and so far, I’ve been right. However, the last few days in the market has gotten some traders to question their positions and its even scared others out of their positions. Not me! Here’s why...
You know things have gotten a lot better when one of the biggest concerns in the economy is commercial real estate, because six months ago this was something that was put to the back of the worry list and here it is at the fore-front. The regional banks may still have a lot of sweating to do, but do you really think they will be made to suffer? This is the bailout nation where everyone is a winner! Especially the banks!
Congratulations to George P., Amanda M. & Gideon G. for being this week's winners.
I find that many people come over from the stock market, particularly the U.S. stock market, over into the forex market.
They initially think they don't know a thing about forex. However, if you know some things about stocks and if you have an opinion on where they are headed, then you also likely have an opinion on where the GBP/USD pair is going and didn't know it.
