The number of USA bank failures just increased to 129 this week. These bank failures take out all of 2009 so far with a full 3 months to go. As a realist I find it hard to believe all the news of a recovery when I see more bank failures, people not paying their mortgages [...]
|
||||||
My name in Andrew Abraham. I have been investing in commodities and managed futures since 1994. I adhere to the philosophy of trend following.
Trend following stresses a disciplined approach to commodity/ futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets me apart from other traders is that I am not only concerned about the return on investment but how much risk I will have to tolerate to achieve my goals.
|
This last week the Fed closed 6 more banks making total to 130 bank failures since the crisis started. There are strong expectations that even more small and regional banks will fail. Just these 6 banks cost the FDIC $2.3 Billion dollars.I believe there is something like 500 banks on the FDIC watch list. However [...] You probably only thought the banks in the US are failing. Well approx 98 banks have failed in the US this year alone. Last year there was a run on Northern Rock in the UK. This week the Dutch govt intervened to prevent a run on the bank DSB. I wonder when all green shoots [...] The world is wonderful. The stock market closed up 96 points Friday and over the weekend there were 5 more bank failures. As a trend follower I follow price (long the Nasdaq)…but I think it is interesting that the so many on CNBC or Bloomberg guests speak about Green Shoots. I have to admit this [...] |
 |
||||
|
Copyright © 2012 Commodity Trading & Trend Following - All Rights Reserved Tweet This Post links powered by Tweet This v1.3.9, a WordPress plugin for Twitter. |
||||||