Officials at the Oslo Stock Exchange (OSE) announced on Friday that even though trading almost came to a halt during the Winter Olympics in Lillehammer 20 years ago, it was as lively as ever during the recent Olympic action in Sochi, Russia. The lack of an “OL lull,” they think, reflects the larger numbers of non-Nowegian investors now active on […]
One of the most common questions I get is, “What is the best market to trade for someone brand new to trading?”In this post I’m going to give you my perspective from over a decade of trading, and over 7 years of teaching other people how to trade. I don’t expect everyone to agree with me here, but if you’re […]
People walk out of a Lenta supermarket in Moscow. Photograph: Maxim Shemetov/ReutersThe Russian hypermarket chain Lenta has announced plans to float in London with a valuation of over $5bn (£3bn).The company, in which the US private equity firm TPG and Russia’s VTB Capital have the biggest stakes, has jumped a queue of British retailers that are set to follow suit […]
In Crime and Punishment, the Russian student Raskolnikov kills a pawnbroker to test his Nietzschean hypothesis that certain people transcend morality and therefore have the right to commit murder. In Albert Camus’s novel, The Stranger, Meursault confiscates a revolver from his friend Raymond with the ostensible purpose of preventing Raymond from doing anything impulsive with the weapon. Meursault then proceeds […]
Library of CongressI have recently expressed a cautious view of the stock market.
Specifically, I’ve said I think the odds of a sharp decline (“crash”) are increasing. And I think the odds are very good that stocks will provide lousy returns from this level over the next 7-10 years.Well, most people are bullish about the stock market these days (because the […]
