Archives for December 2016

December 2016 - Page 22 of 25 - Money Morning - Only the News You Can Profit From

Markets Quickly Move Past Sunday's Italian "No" Vote On Constitutional Reforms

by

Sunday's much-anticipated Italian referendum on constitutional reforms produced a "no" vote by an overwhelming margin. Italy's prime minister immediately resigned. Many markets initially were gyrated on the news, but quickly settled down. The government-backed no-vote was not unexpected by the market place. Still, this latest development is another sign of the insecurity of the European Union and the growing potential for continued fragmentation of the EU. The Italian vote was especially worrisome to the European banking and financial sector.

The Euro currency initially slumped to a 20-month low on the Italian no-vote, but quickly recovered those losses to trade higher on the day.

Do Your Holiday Shopping on Wall Street's Dime This Year... and Forever

by

These kinds of encounters really make my day.

We've seen how trading is perfect for setting up extra regular income, but I want to share this one with you because it really drives home how folks can use trading to pocket a timely windfall… at a time when we could all use some extra money. 

I was getting some work done on my house, and one of the construction guys asked me what I do for a living. Naturally, I told him that I'd been working for nearly 30 years as a trading coach for everyday investors, and that my specialty was turning people on to low-cost, low-risk, high-profit trades.

He mentioned that the stock market was going ballistic, of course, and asked me how a guy like him might cash in on these all-time highs and pull in a little more cash for the holidays.

In less than 10 minutes, I'd taught him exactly what I'm going to teach you...