The Eid (the sacrifice that marks the end of Ramadan) will fall (approximately) on September 10th- 13th.
For us economists holidays are a way to coordinate the economic activities of those who celebrate as well as those who don't. (confer Christmas for Christians, Passover for Jews,Indian marriage season,...)
Both Qu'ran and Torah forbid lending with interest.
You might not believe these urban legends but your opinion or mine are irrelevant to the stock market. What counts is what the average opinion believes the average opinion will be. This is what you want to discover:
In one of the greatest investment markets in the world, namely, New York, the influence of speculation (in the above sense) is enormous. Even outside the field of finance, Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be; and this national weakness finds its nemesis in the stock market.
As I have explained since May on the event "Market Crash: be Prepared" on Facebook which with 8 days to go has 484 participants:
Don't own any long term assets:
------------------> from September 09th, 2010 at 9:00 AM EST.
------------------> till September 17th, 2010 at 4:00 PM EST.
Long-Term Assets:
Long-term assets are anything you own which is not directed to your own day to day consumption: businesses, Stocks, debt instruments, real estate, and commodities including gold or silver.
The proceeds must be held either in cash or invested in short-term Treasuries (maturing in less than two years and held with the emitting treasuries. (With Treasury Direct for the US Dollar.)
No holding must be deposited with any bank.
Best day to sell businesses, real estate and bonds: ASAP.
Best day to sell minerals: Sept 8th.
Options on Stocks Indices:
Given the date of our planned market crash it can be played in a very simple and cheap way:
From the September 1stto September 17that the open buy out of the money up to 100 points out for SP500!) put on stock indices traded on any American market with an expiration date on September17that 5:00 PM EST or later. Being so close to the expiration their price will be ridicule even if VIX is high nowadays: it is all a question of timing!
Why not a later term for options?
We must beware when we trade on an exchange our counter party is the exchange. With a sharp downfall of the market it is very possible that a large proportion of the buyers couldn't make good on their contract so the exchange itself could be bankrupt this is why I recommend not to be greedy and take your money out of the exchange as fast as possible after Sept. 17that 5:00 PM EST and put it in the safest vehicle on earth Treasuries with a term not longer than 2 years deposited with Treasury Direct.
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