Posts from — February 2009

With more than a thousand of pages of spread betting data, spread betting comparisons, companies reviews, trading news, tips, strategies etc now on Clean Financial we thought it was time to add a simple search facility to the site.

Well it’s powered by Google so it might not be that simple.

Anyway…if you can’t find what you are looking for just go to: Spread Betting Search

You can also type in ‘/search’ ie cleanfinancial.com/search

Good Luck!

DB

The above comments do not constitute investment advice Clean Financial accepts no responsibility for any use that may be made of them.

It is difficult to know whether the latest falls are another move to a new bear phase or just a clear out of weakly held speculative longs built up over the last few months. It has been reasonably simple for traders to deal the price ranges for the recent weeks and months and this latest move might just be a lesson to these speculators that making money is not (and never will be) this easy.

With banking stocks in the States now at such reduced levels that there is little point in selling them lower unless bankruptcy or nationalisation is in view the game will now turn to other sectors.

Many companies have very heavy overheads which are difficult to downsize at a moments notice (manufacturers and retail spring to mind) and the end game now seems to be one of surviving whilst your competitors go to the wall rather than aggressive marketing. The upshot of retail failures or permanent car production cutbacks is that the remaining units have just enough of a pick up to help out.

Read more >> Spread Trading – an update of views on today’s markets

Good Luck!

DB

The above comments do not constitute investment advice Clean Financial accepts no responsibility for any use that may be made of them.

The news that GM and Chrysler are putting their hands out for another $29bn of aid while at the same time laying off another 50k employees (if you say it all quickly it does not sound so bad) had its expected effect. After hours trading confirmed the lows for GM stock, down at $2.15, a new closing nadir for the stock.

In reality it is difficult to see how the shares are even worth this much as a company that is actually operating, day-to-day, at a loss within a falling market share, in a contracting economy effectively translates into a doomed project.

The Banks, for all of the Bad Debt, are actually operating (in the main) profitably which makes them a different argument for state assistance. And that is putting aside the absolute need for financial stability. Nationalising a bank is a tough decision but one that can be made, nationalising GM, Ford or Chrysler is not.

Many of the US banks also hit new lows as selling anything remotely associated with the new funding package became more endemic. It is difficult to see how any of the companies now accepting any funds for survival can fail to end up as either state owned or bankrupt. It must surely be accepted that if they are in trouble now what on earth will be their situation in six to nine months time.

More Spread Betting

Also updated today see:

• Daily Spread Betting – a look at what is happing in the markets today – quick headlines, major economic releases and company announcements
• Spread Trading – an update of views and news on today’s spread betting markets

And of course, we have updated our gold, forex, commodities, indices and crude oil pages.

Good Luck!

DB

The above comments do not constitute investment advice Clean Financial accepts no responsibility for any use that may be made of them.

£100 First Deposit Bonus Offer

Open a PartyMarkets account, deposit £200 and place qualifying trades with total stakes of £100 to claim a £100 credit to your account.

All qualifying trades must be placed within 30 days of your account being opened. There is no minimum number of qualifying trades but the total stakes of the trades must be at least £100 eg four £25 per point trades or ten £10 per point trades.

See site for full terms & conditions. Accounts are subject to status. Details.

Click here to apply for an account.

Risk Warning – Spread bets and CFDs are leveraged products placing your capital at risk, and are not suitable for everyone. Losses can quickly exceed your initial deposit, so ensure you understand the risks involved. These products are only intended for people who are over 18.

Full PartyMarkets Terms and Conditions

Article provided / approved by PartyMarkets which is a trading name of City Index Limited (‘CI’), who is a spread betting and contracts for difference (‘CFD’) provider. CI is authorised and regulated by the Financial Services Authority, Firm Reference Number 113942.

We are always trying to increase the number of spreads companies that we compare. I am pleased to announce we have now added PartyMarkets to our Indices, Gold, Crude Oil, Forex and Commodities pages.

For more details see Spread Betting Companies.

For more details on PartyMarkets see…PartyMarkets.

Good Luck!

DB