Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
From Wiki:
"Schweizerische Kreditanstalt (SKA), 1856
SKA share of 31 May 1898 for 500 francs
On July 5, 1856, Alfred Escher founded Schweizerische Kreditanstalt (SKA) - today's Credit Suisse - together with Allgemeine Deutsche Kreditanstalt, which held 50% of the equity capital,[25] thus making Zurich the leading banking centre and business hub in Switzerland. SKA's headquarters have been located at Paradeplatz in the centre of Zurich since 1873. In 1895, the SKA launched the Effekten-Kursblatt, which is considered the world's first regularly published banking publication."
"The opening of the first branch in Basel in 1905 marked the beginning of SKA's expansion in Switzerland, which mainly took place through the acquisition of regional banks. The first branches in French- and Italian-speaking Switzerland were opened in Geneva in 1906 and in Lugano in 1913."
From some scandals 1970+ in Basel etc. - the name of the SKA had a new underlying: The SCAndal Bank. The name change was a new hiding behind the process.
Today - Founder Alfred Escher (1856) would have asked WHAT are you DOING here?
Well: Too Late!
To interpret it after my first posts on this theme:
The Old School Model of Banks today has found its end.
GFIs1
This is a information about actual very bad situation of one of the big banks in Switzerland. Take it for your understanding - be it as a client or a future client. Please - be alarmed.
I like your nice pic of the "common sundew" (which eats flies etc.).
This plant is part of my CO2down projects with new building swamps.
After the financing will be finished - my projects will start in
many countries in Europe.
All had been prepared since more than 30 years.
So my knowledge can do some CO2 storing for the world.
Which will of course affect my trading. A bit
Glad you like it.
A friend of mine suggested that a good trader should learn to be as patient as this carnivorous flower, which stands still for as long as necessary before doing its move.
At the same way a trader should wait with patience until the right A+ trade comes along and only then take the trade.
I chose this picture to remind me the importance of patience.
Have a great weekend.
gt
You name it exactly: My one day trade system has changed onto a "no stop loss" thing as the volatility in the last months took new highs.
So to speak - the carnivores aka meat eater - have taken over: waiting until a insect is coming in and then react.
Without that habit you will as a trader just feed the stop loss hunters.
DAX starts pre cash lower than Friday low: 7:30 @ 12198
Next resistances: 12081 and 11888
Outlook for today: red
DAX started 9:00 @ 12151
GFIs1
edit 8:47 - 10 towns in Ukraine bombed, Kiev inclusive - and especially Saporischia. Goal obviously civilians, children on their school ways, time chosen during rush hours... all by Russia
edit 9:10 - even Lviv at the border to Poland is under shelling...
edit 9:13 - DAX is rising on IB - but the gap to Friday is still far - 9:25 gap closed!
edit 9:35 - IB closed the gap and seems to be on the stepping down. Lets see
The energy crisis in Europe, supply problems in China and a US labour market under pressure are weighing on the global economy. The IMF wants to lower its growth forecast again.
The International Monetary Fund (IMF) and the World Bank warn of a possible global recession. Economic growth is slowing in some industrialised countries in Europe, said World Bank head David Malpass at the start of the annual meeting of the World Bank and IMF in Washington. The currency devaluation is a problem for low-income countries, the debt burden is growing there.
Source n-tv Germany
GFIs1:
Means quickly rising interest rates in many countries...
Asia mixed: Hang Sen - 2.3%
btc$ still at 19k line
IMF meeting since this night - new projections will come out soon:
Interesting will be the recession forecasts (different approach US to the rest of the world!)
A interesting interview with Biden: "A slight recession in USA might happen this winter" on CNN this night
Germany: Finance Minister Habeck will present his outlook this afternoon. "A recession is ahead" Insiders say that the forecast for 2023 was + 2.5% growth - now it is reset to - 0.4%!!
What a misleading forecast... Well the DAX has visibly turned down quite before we are informed by the number crunchers from Berlin.
DAX starts pre cash 7:30 @ 12180 in the middle of yesterday's sideway in the afternoon
