Developing the Trader’s Mind: Strategies for Long Term Success - ITC 2008 presentation
Summary I’m different. The Market will always come back Heart Of Darkness You have to work on your mind every day Excessive idealism Loss aversion Accumulation Risk & Preference Patience Gratitude Generosity Rob Booker's presentation at the International Traders Conference (ITC), held in Barcelona in October '08
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Japan: “Solidarity” cut from BoJ tomorrow
For a change, the outcome of tomorrow's monetary meeting at the Bank of Japan (BoJ) will not be trivial. We now believe BoJ will cut interest rates by 25 bp tomorrow. This is despite comments from Deputy Governor Yamaguchi earlier this week that didn't indicate an imminent rate cut - instead, he stuck to the existing BoJ line that monetary policy is already "very accommodative".
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Fed appears more concerned on economic growth
FOMC Meeting October 29th Fed appears more concerned on economic growth In contrast, the outlook for inflation has improved FOMC expects that the rate cut along with other measures, will help to alleviate the financial crisis However, members expect a slow recovery FOMC lowered its target for the federal funds rate 50 basis points to 1%. The move was widely expected by market participants. On the economic front, the statement remained pessimistic as it stressed that “the pace of economic
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FOMC October Meeting — 50 Basis Point Ease
Recession, Lower Inflation, Financial Workout Drives Fed Policy Today the Federal Reserve lowered its target for the federal funds rate by 50 basis points to 1.00 percent, the lowest rate in more than four years. Monetary policy continues to adjust to an environment of economic recession, lower inflation expectations and the imbalance of asset valuations. While talk of recession and credit dislocations are not new, lower gas prices, along with the dip in broader consumer prices, opened the
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