Wow, to anyone involved in the financial markets, this was a crazy week. You have probably heard a lot about Thursday where markets acted insane for a part of the afternoon, dropping at the speed of light with some stocks such as Proctor & Gamble trading at 0.01$ while they were worth over 60$ just minutes before. Take a look at the chart of Proctor & Gamble (courtesy of stockcharts).
Truly insane. Stocks, forex, commodities, everything was out of control. But we survived and the markets recovered. It’s not clear yet how it all happened but I’m certain we will get some answers in the coming days. So now, here are some of the more interesting readings from the week:
–Blame high frequency trading @ TheBigPicture
–Where was Goldman as a liquidity provider? @ ZeroHedge
–Dow Jones crashed: Stupid tradding error @ TheDigeratiLife
–Market Free Falls, Gold stocks climb higher @ MarketTradingtoGo
–Buffet’s bet against hedge funds @ CanadianCapitalist
–Canadian interest rate forecasts @ TheFinancialBlogger
–Fixed annuities: Pros and cons @ Moolanomy
–Asset allocation: Know your asset clauses @ GreenPandaTreeHouse
–Owning rental property vs owning a REIT @ MillionDollarJourney
Thanks for the mention! Cheers!
Thanks for the plug!!! 🙂
MarketTradingToGo = StockTradingToGo 🙂
LOL..wrote that down too quickly, thanks for the clarification Blain:)