Confessions of a Wall Street Insider, a Zen Approach to Making a Fortune from the Coming Global Economic Crisis

Confessions of a Wall Street Insider, a Zen Approach to Making a Fortune from the Coming Global Economic Crisis

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In August of 2007, when global stock markets plunged and gold headed to a low of $660 an ounce, many investment experts warned of an imminent drop in the price of gold to $500 an ounce. Instead, J.S. Kim told his clients to buy gold and predicted a month later that gold would reach $850 an ounce by the end of 2007. Gold hit $850 an ounce on January 3, 2007. On November 16, 2007, as Wall Street firms advised their clients to qbuy the dipsq, J.S. boldly stated, qUse rallies like the one last Wednesday where the Dow piled on 300+ points in one session to sell out if for some reason you are still heavily invested in U.S. stocksq and predicted that triple-digit losses in the Dow would soon become qcommonplace.q By the second week of January, the DJIA and the Nikkei 225 had both plunged more than 1, 000 points while stock markets in Korea, Hong Kong, and Europe also plummeted. Learn why you shouldn't listen to the investment industry...ever. And discover how to build a fortune from the coming global economic crisis.Beta, in simple terms, is the measure of an individual stocka#39;s or a portfolioa#39;s volatility as compared to the volatility of the stock market index as a whole. If you own a stock with a beta of 1.30, it would be about 30% more volatile then the marketanbsp;...


Title:Confessions of a Wall Street Insider, a Zen Approach to Making a Fortune from the Coming Global Economic Crisis
Author: J. S. Kim
Publisher:Lulu.com - 2008-03-25
ISBN-13:

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