Highlights books related to the week's top financial news stories, by Karris Golden, president & COO of Wasendorf & Associates (Traders Press Inc., W&A Publishing and SFO Magazine)
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March is Women’s History Month, a worldwide observance of the contributions we’ve made in the past and present.
More women than ever trading and taking control of their investments. And philanthropy expert Margaret May notes that women spend $5 trillion per year and control more than 75% of the total wealth in the United States. We also influence and/or make 84% of household financial decisions.
So while I’m all for celebrating our history and remembering where we came from, my priority is to ensure we all have access to information to grow personal wealth.
OrderOptions Trading in Your Spare Time and the other titles mentioned in today’s blog. No need to use a promo code; just take advantage of the better-than-Amazon pricing at TradersPress.com and enjoy free S&H* when you spend $25 or more.
When I hear this, I smile politely. I just don’t get it.
This isn’t a case of a writer railing against the imprecise use of language. I profess to “love” many things you might consider implausible. Can I really love bad pop songs from the 1980s and 1990s? Insensible shoes? Peanut butter?!
Doubt all you want. My love is true—especially where peanut butter is concerned. So I respect another’s right to love Cramer. Free country and all that. Plus, he offers some great information. His books, like Getting Back to Even and Mad Money, are good.
And now the “but” you’re waiting for: Cramer’s flaws are glaring and often insurmountable. When someone with a public, worldwide forum regularly flaunts his inconsistencies, irresponsibility and hypocrisy, that’s a fairly big deal.
For example, Cramer’s latest crusade is against crude oil speculators. He wants them indicted for driving up the price of gas. He wants more and better regulation. He made his outraged case on his TV show, Mad Money.
Sometimes, Cramer just can’t help but rat himself out; he seems to be one of those guys who needs you to know he got away with something naughty. Cramer was at the center of a 2007 controversy because he explained how, as a hedge fund manager, he used admittedly illegal practices to manipulate stock prices. He bragged about it—to USA Today.
Influential financial TV personalities will probably always make wildly irresponsible statements, and some individuals will suffer. Your best, safest bet is to develop a solid understanding and learn how you can best to interpret all the available information.
According to the Associated Press, Forbes, and Bloomberg Businessweek, G.E., Bank of America Corp., Citigroup Inc., Caterpillar Inc. and Alcoa Inc. were among those that increased 1% or more on Wednesday, following a rally in European lenders.
Greek, German and French leaders will meet today to discuss ways to contain Greece’s debt crisis. Speculators believe China may be willing to buy the bonds of nations hit by the debt crises, as reported by Businessweek.
Not everyone supports such a plan, according to the English-language Caijing magazine. Some advisers to China’s central bank believe the nation’s willingness to purchase euro bonds is little more than an ill-advised “bleeding heart” response to the global debt crisis.
“What today’s world needs is not a ‘bleeding heart’; instead, it needs investors with a senseo fo reform and cooperation,” Li Daokuu, academic adviser to the central bank, told Caijing. “I believe (China) will perform a role of a real good guy rather than a ‘bleeding heart.’”
In the article, he advises diversification of China’s foreign exchange reserves with solid investments.
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You can order the books mentioned in this column—-or anything else on the site!—-at TradersPress.com. Use my promo code, KGBLOG911, and you’ll receive 20% off sitewide and free U.S. S&H.*
*Some restrictions apply. Shipping is free to residents in the continental United States. International shipping will be applied at our regular shipping rates.
The solution to a puzzle isn’t always elementary. Sometimes, it’s a matter best left to middle school children.
Or, at least, their parents. That’s the case in the Albemarle (Va.) County School District. As reported earlier this week by the LA Times, Sherlock Holmes: A Study in Scarlet is no longer considered suitable reading for middle schoolers.
It’s not that the 1887 book by Sir Arthur Conan Doyle contains explicit sexual content or foul language. Instead, parents objected to the book because they say it portrays Mormons in a negative light.
I’m little miffed. It’s not because the book has been banned. I love it when books are banned, because it makes them popular (or in this case, popular again). And I’m not mad because this is yet another case of adults underestimating kids and their intellectual abilities. I know there will always be parents who behave irrationally, just as there will always be school boards to give in to ludicrous demands to ban books.
What upsets me is that we’ve never had one of our books banned; I’d like the publicity! Between Traders Press® and W&A Publishing, we have more than 40 years in the publishing industry. In that time, none of our publications have been deemed ban-worthy.
We have a few that rise to the possible occasion, so I’ll just have to wait. A girl can dream, I guess.
This month’s SFO (Stocks, Futures, Options) magazine offers “Stop Chasing Trades: The 10-Week Average Can Help.” In the article, RealMoney columnist Kate Stalter explains the ins and outs of using 10-week moving average—a “key benchmark professional investors monitor.”
“When professional investors … have ownership in a particular stock, they’ll often swoop in to grab more shares at a lower price when they see a pullback,” Stalter writes. “Because they presumably have confidence that the stock has more room to run higher, the strategy makes sense. Individual investors can watch this support as it is unfolding and follow in the pros footsteps.”
If you’re interested in utilizing the strategies Stalter explains, were do you begin?
Traders Press offers a variety of resources on Economic and Technical indicators. Use the promotional code KGBLOG711 and receive 20% off your purchase plus free U.S. S&H* until midnight CDT tonight. (It will then revert to the regular 10% off plus free U.S. S&H* discount I usually offer.)
It’s no secret that the other Traders Pressbloggers and I are in a promotional code contest, and it’s no surprise I’m winning!
As I mentioned previously, the discount is currently 20% off—double that which we normally offer on all purchases at TradersPress.com, plus free U.S. S&H.* Just use promo code KGBLOG711 to save! (Yeah, you’ll get 20% off using the other bloggers’ codes, too.) In addition and as always, you’ll earn your rewards points, which adds up to savings on future purchases!
*Some restrictions apply. Shipping is free to residents in the continental United States. International shipping charges will be applied at our regular shipping rates.