Monday 7 September 2015

Top Tweets Today: 07/09/2015

 Where has China been getting all this money to intervene in their financial markets?  Apparently from the store of US Treasuries they've accumulated over the years. The scary part is the amount of volume they seem to be offloading, in this article by Zero Hedge a figure of $94 Billion in just one month!!! No wonder there's been ructions in global markets lately. What is the conclusion from all of this? China is a ticking time bomb whose levels of interconnectedness in terms of financial globalisation has reached a point where the US resides. One wrong move and the whole world feels the effects.

I've always thought for years that the JSE (Johannesburg Securities Exchange) has never been tested competitively as the only player in the market for trade in securities in South Africa. Hot on the heels is a new exchange which may be ready to place trades as early as the second half of next year promising to slash pricing and challenging the old guard. A2X a company headed up by former head of equity trading for Investec, Kevin Brady believes his company has all the right stuff to make things easier for traders and investors alike to delve into the world of financial markets. I say watch this space.

Trader promises price war to undercut the JSE - Moneyweb http://t.co/DQmdfP984r via @Moneyweb
When I read this quote it reminded me of traders who have been trying to call a bottom of Lonmin, an ailing platinum mining listed in London and Johannesburg. I think we've all wanted to be heroes at one time or another in our trading journey's but I can't say I've found a successful one who's done it consecutively. Always trade with a stop loss. Full Stop.



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