Quoted from Market Speculator

http://finance.yahoo.com/columnist/article/richricher/10932

This guy was on the "TODAY" show with D. Trump stating that oil was still going to 100.  He is calling for a collapse in the dollar.  Just another liberal thinking he is smarter than the market itself.  Anyone can make a prediction...just laugh.

actually i watched this interview on TV and they didnt do a very good job selling their book........and that guy(Rich Dad author) said yeah oil will go to $100 and he said look no one thought oil would from $10 to $60, "for a 600% return" and i was like hey dumbass that is a 500% return - he is supposed to be some guru investor and he cant calculate that % return correctly

ps- all those get rich authors are usually lame but one book that was given to me that is excellent is called "Secrets of the millionaire mind" by Elker....i highly recommend it for a book about programming your mind to think positive and think how a successful person thinks....guarantee when you finish it you will go out and say "Hello world I am ready to kick some a$$ and take names " ...or something like that if fact i think i will reread it again

Oh wow. that is bad, bro. Sad. Holy crap. He really said that? Well...it did have to deal with facts...they dont do well with facts...the Today show's journalist and guest.

ORK, post it in the books forum, that way I wont forget it.

Thank you.

http://foxnews.smartmoney.com/commonsense/index.cfm?story=20061017

Remember, this is from SMARTMONEY.

11% of Daytraders actually make money...LOL

http://biz.yahoo.com/fool/061019/116127124803.html

14% YoY EPS for S&P 500

http://biz.yahoo.com/usnews/061019/061019_19earnings.html

WOW i just found an amazing story of GOLD fraud on the torronto pennystock warzone. A low of $1.90 to $170. I'm surprised how impossible it is to find  achart of this stock.

watch this video: http://archives.cbc.ca/400d.asp?id=1-73-1211-6708


p.g. 13 of this document shows a readjusted chart -

http://trendvue.com/library/rad93D63.pdf


and get more info @ http://en.wikipedia.org/wiki/Bre-X

One of our aussi mining companies had already mined in that exact same place where the claimed gold was found. and claimed to find nothing of value. We've had really tough regulatory policies here since a similar matter concerning 'poseidon' fraud gold stock shooting from 22c-$220.Tons of people lost heaps. Downside is(if you want to call it that) we dont have any otcbb-like exchanges. All our stocks fall under the same regulatory policies.

Lafayette:

I remember when that was taking place.  The figures that you quote are for one year.  I remember when Bre-X was .10 and I believe that it finally topped at slightly over $400.00.  I know that it was well over $200.00.  

There never was any gold and I believe that the accountant was used as the scapegoat.  He took a dive out of a helicopter but many believe that he was thrown out.  

I never did buy any Bre-X and that fraud ended up with reprecussions to this day in skepticism of any rich gold find.  

i thought this was excellent, written by a trader :


A few of the things I learned are as follows:

#1 there is a huge gap between market analysis and trading markets to make money.

#2 There is no relationship between being "right" and making money.

#3 While markets are not predictable people are.

#4 Anything can happen in the markets so how worthwhile is a market opinion?

#5 Having a definable game plan and following it will overcome poor analysis.

#6 I know some very rich traders but I have yet to meet a rich analyst.

#7 You should never give out market advice because readers don't need your bad advice and they will ignore your good advice so don't give them any advice.

#8 A correct market opinion does not answer the questions of how and when do I place a bet, when do I know I am wrong, how big is my bet in terms of dollar or percent risk, and most important how do I manage my trades when they are working.

#9 Some very smart people think the stock market is going up. Some other very smart people think the stock market is going down. Since I don't have a clue what the stock market is going to do I totally agree with both opinions.

#10 Managing the money and more importantly managing the trade is more important than being "right".

#11 A good trade is a trade which was entered and exited following one's rules regardless of the dollar outcome be it a gain or a loss.

#12 Most newsletters offer both sides regarding market direction. Whichever way the market goes will then be highlighted in subsequent newsletters as if the writer new what was coming.

#13 The more negative email you receive regarding a market opinion the more you should bet.

#14 If you receive emails endorsing your view you might want to re-think your opinion.

#15 You learn very little "watching" someone else trade and you might very well harm yourself as a trader by following the advice of others. Be your own man or in one case lady!

#16 Keeping a trading diary on a daily basis will teach you how you think. Be honest and don't edit your diary in hindsight. Again trading is not about right and wrong but it is about doing and not doing.

Good trading to everyone!

35% annual returns, after fees, since 1989!!!???

http://en.wikipedia.org/wiki/Renaissance_Technologies - trading so often it account for over %10 of volume on NASDAQ

35% for 20+ years...amazing...

yes renaissance is impressive and the guy is loaded.....but stays very low key.........just goes to prove that Random walk theory is BS...

anyone in college who has professor claiming market is totally random,etc....should show them Renaissance history, best fund ever consistently kills it by purely using quantitative based of historical movement