Hi guys,
I know, its been a long while since i last update this blog.
First of all, i want to apologise to my vivid readers. Well, you might be gone by now. Secondly, i want to announce that i too was not spared from the recession.
However, good news is, my retrenchment put a stop to my procrastination and i had started my own company.
The name of my company is called EVERYLINETELLSASTORY. It is a company that believes in quality design and zero redundancy in work effort. My company core businesses are cad management and interior design.
Do visit my company website at www.everylinetellsastory.com
Also, i will want to take this opportunity to recommend an alternative income revenue for the open minded you out there.
It is my honour and pleasure to bring you to an alternative income programme put together at
http://tradingeducationprogram.org/
Till date, i had multiply what i had paid for for the programme and i urge all my readers to wisen up as well.
Monday, April 6, 2009
Tuesday, November 11, 2008
wealth during recession
Ok people, today as i was chatting with my fren, this topic came up "Wealth Coaching".
What is Wealth Coaching ?
First of all, we must know what is Wealth. Wealth is often described as
a great quantity or store of money, valuable possessions, property, or other riches.
From here we know that, apart from cash. We got to possess other form of riches that are of great values. This, we can refer to properties, stocks, businesses, jewelleries or even collectible art pieces and luxury watches.
When all of these adds up to your personal savings, its your wealth.
Most of the time when we were being taught back in school is to know the way of getting a salaried job.
I am still one of these blue collar worker right up till today. But this is going to change.
Over the last few months, as the world economies fallen into darkest ages. The same arena was being played in my mind over my personal life, my personal wealth.
No doubt, over the last few years, I got married, have a baby, bought an apartment. Things were going great on my personal lifestyle. I cannot be more than happy.
Still, deep down within, i am not satisfied in my current career. Working 8hours a day for the wrong people in the wrong job that i am so good at. I was certainly not happy. But this is the same job that has provided me with a stable income over the last 1.5yrs. Earlier this month, things changed. My salary was delayed for 3days.
You may be wondering, what can this 3 days made an impact to my life ? To be honest, nothing changed to my lifestyle or my family living. But it affected my mind. Suddenly, i seemed to have matured overnight. Many questions went through my mind.
WHAT IF I DIDNT RECEIVE MY STABLE MONTHLY SALARY ?
That must not happen. I have a wife, a baby, and a house full of instalments to feed and pay.
Not to add on the already deepen pocket, i still got many credit cards with zero interests payments to be made and personal loans to be service.
NO NO NO...it must not happen.
I had never once defaulted my monthly payment. Not a single time. My salary is enough for us to pay all of these. And we still can manage to keep a tiny meagre sum as savings.
So, whats the problem ?
SECURITY !!! Thats the problem. I never felt as insecure ever. Throughout my 8yrs of working career, this is the 2nd recession.
I was living in denial telling myself it wont affect me. I am not that unlucky. It has not reach Singapore yet. Wrong. Just today. My best friend working in my company was sacked with immediate effect. and i suspect this is not the end, its likely to me the first round.
Looking back, I know our educational system has fail to teach us the way to wealth accumulation. I am also too stupid to stop learning. I had not pick up new skills outside my industry for many years.
LIVING COMFORT - yes, again and again if you had read through many books,
you must have understand what is LIVING COMFORT.
It is the comfortability of our current lifestyle that is holding us back from making these dreams come true. We wanted security, comfort and riches last.
IS IT RIGHT ?
no, thats not the sequence we are dreaming of. So, what is the seqeunce ?
RICHES , COMFORT , SECURITY !
now that we are using our brains to start thinking and analysing in long term benefits.
This is the sequence we want. THIS is the seqeunce towards FINANCIAL FREEDOM.
HOW CAN WE CHANGE OUR SEQEUNCE ???
I decided. This is the part that is going to change my life.
This is the part that is going to CHANGE YOUR LIFE !
the start of my WEALTH ACCUMULATING !
all my readers, if you are keen to know more about my method or exchange your ideas and thoughts.
please feel free to email me seasweth@gmail.com
What is Wealth Coaching ?
First of all, we must know what is Wealth. Wealth is often described as
a great quantity or store of money, valuable possessions, property, or other riches.
From here we know that, apart from cash. We got to possess other form of riches that are of great values. This, we can refer to properties, stocks, businesses, jewelleries or even collectible art pieces and luxury watches.
When all of these adds up to your personal savings, its your wealth.
Most of the time when we were being taught back in school is to know the way of getting a salaried job.
I am still one of these blue collar worker right up till today. But this is going to change.
Over the last few months, as the world economies fallen into darkest ages. The same arena was being played in my mind over my personal life, my personal wealth.
No doubt, over the last few years, I got married, have a baby, bought an apartment. Things were going great on my personal lifestyle. I cannot be more than happy.
Still, deep down within, i am not satisfied in my current career. Working 8hours a day for the wrong people in the wrong job that i am so good at. I was certainly not happy. But this is the same job that has provided me with a stable income over the last 1.5yrs. Earlier this month, things changed. My salary was delayed for 3days.
You may be wondering, what can this 3 days made an impact to my life ? To be honest, nothing changed to my lifestyle or my family living. But it affected my mind. Suddenly, i seemed to have matured overnight. Many questions went through my mind.
WHAT IF I DIDNT RECEIVE MY STABLE MONTHLY SALARY ?
That must not happen. I have a wife, a baby, and a house full of instalments to feed and pay.
Not to add on the already deepen pocket, i still got many credit cards with zero interests payments to be made and personal loans to be service.
NO NO NO...it must not happen.
I had never once defaulted my monthly payment. Not a single time. My salary is enough for us to pay all of these. And we still can manage to keep a tiny meagre sum as savings.
So, whats the problem ?
SECURITY !!! Thats the problem. I never felt as insecure ever. Throughout my 8yrs of working career, this is the 2nd recession.
I was living in denial telling myself it wont affect me. I am not that unlucky. It has not reach Singapore yet. Wrong. Just today. My best friend working in my company was sacked with immediate effect. and i suspect this is not the end, its likely to me the first round.
Looking back, I know our educational system has fail to teach us the way to wealth accumulation. I am also too stupid to stop learning. I had not pick up new skills outside my industry for many years.
LIVING COMFORT - yes, again and again if you had read through many books,
you must have understand what is LIVING COMFORT.
It is the comfortability of our current lifestyle that is holding us back from making these dreams come true. We wanted security, comfort and riches last.
IS IT RIGHT ?
no, thats not the sequence we are dreaming of. So, what is the seqeunce ?
RICHES , COMFORT , SECURITY !
now that we are using our brains to start thinking and analysing in long term benefits.
This is the sequence we want. THIS is the seqeunce towards FINANCIAL FREEDOM.
HOW CAN WE CHANGE OUR SEQEUNCE ???
I decided. This is the part that is going to change my life.
This is the part that is going to CHANGE YOUR LIFE !
the start of my WEALTH ACCUMULATING !
all my readers, if you are keen to know more about my method or exchange your ideas and thoughts.
please feel free to email me seasweth@gmail.com
Friday, October 24, 2008
Choosing good shares amid This global slowdown
Fellow investors,
Amid this global widespread misfortune, we are hearing more and more BIG mnc crumpling.
From banks to Insurance firms, one by one is down due to credit crunch. Probably lots of fingers pointing to the existing CEO, however, i personally do not think its the only reason.
CEO is to me the head of the organisation and thats the far and foremost important critical element in a firm progress and future.
One who started the firm will tend to hold more responsibility and strive really hard to ride pass these obstacles. These type of CEO needs no educational initiatives though they tend to further their paper qualification some time during their climb to success. All they have inside is the passion, determination to make a point in what THEY want to do. A racehorse mindset. Their creditability and life long efforts will be in jeopardy when recession comes. Gets a pay cut if needed. Its a all or nothing push to get their firm back on track. He makes himself CEO.
The other ONE is those who was employed through HEAD HUNTING AGENCY. Who do we have for these people ? We get the so called 20yrs experienced employee who has a marvelous and attractive set of portfolio. Adding to the CV is his ever impressive academic achievements and all those book awards that he collected during school days (kind of at least 20-35yrs back). A organisation savvy persona with charismatic charm. He orchestrates teams and departments under his directions and ideas. Playing business strategies is his most valuable possession. This is as such a double-edged sword. When an organisation employed one who CANNOT play strategy well. Its gonna be a gone case. He needs not push to his physical limit nor undergo salary cut to save the company situation. Instead, his monthly compensation package is always guaranteed until he is given the golden hand-shake that usually comprises of yet another few more million dollars and possibly choice of shareholding option. He is made a CEO.
Now, in singapore, many blue chips have fall. The US recession impact has hit our shore. This is only the surface of the water of the gigantic iceberg. Our economy has yet to reach bottom. Recently, i was talking to owner of http://www.forexandbinary.com/ . A very good friend of mine and a very experienced banking trader. His prediction to this fall will be deep, probably worser than the historical GREAT DEPRESSION. Strait Times Index has fell to 1600pts as per yesterday closing. This is very close to his prediction of 1500pts. It is very scarry to think just a year back, STI is trading over 3000pts. it has dropped 50%. The US impact took 1yr time frame to hit our shore. But this is still not the bottom. So, next question is,
WHEN IS THE BOTTOM OF THIS FINANCIAL CRISIS ?
Now that the STI is close to 1500pts. Many traders who do not believe in my friend's prediction started talking to him. His reply was, "i myself is not confident too, that 1500pts is the bottom. It could be even lower. BUT 1500pts will make me interested to buy shares again"...
So, when it hits 1500pts, i ask my friend if there will be waves after waves of rises and falls. He said, its possible. When STI hits so low, many people starts to buy. This will prompt the demand and supply equation into place again. Thus, once value goes up, those who bought at low prices, sell short to take profits. With lots selling, it will plunge the price again. Bringing the new buyers to contracting investments. As fear creeps towards them while the prices of their shares drop, they will panic and sell. This will initiate the first action again. This cycle will repeat till the market sentiment is cool.
WHICH CHIPS ARE UNDERVALUE ? (i do not based on technical information for my comments)
DBS BANK - dented with their lehman brothers minibonds issue has effectively dropped to 10bucks. A cheap buy if you ask me, since they are the most popular bank in singapore among the bigger lower and middle income families. Was trading ard 20bucks a year ago. Should be able to ride pass this crisis with govt help.
CAPITALAND - One of the biggest property developer possessing numerous quality projects and assets locally and overseas has also seen a slower work year. Price has slide, attractive too.
BANYAN TREE - Lead by a very charismatic CEO (Mr Ho Kwon Ping). This firm has also prompted my friend interest. Price dropped from 2dollars to a merely 0.50dollar. Still is among the most seeked after tourist resorts provider and with its multi-income channels, can be a good buy when the crisis ends and tourism booms in asia again.
For now, these are my current interest. Any new recommendation will come later.
Amid this global widespread misfortune, we are hearing more and more BIG mnc crumpling.
From banks to Insurance firms, one by one is down due to credit crunch. Probably lots of fingers pointing to the existing CEO, however, i personally do not think its the only reason.
CEO is to me the head of the organisation and thats the far and foremost important critical element in a firm progress and future.
One who started the firm will tend to hold more responsibility and strive really hard to ride pass these obstacles. These type of CEO needs no educational initiatives though they tend to further their paper qualification some time during their climb to success. All they have inside is the passion, determination to make a point in what THEY want to do. A racehorse mindset. Their creditability and life long efforts will be in jeopardy when recession comes. Gets a pay cut if needed. Its a all or nothing push to get their firm back on track. He makes himself CEO.
The other ONE is those who was employed through HEAD HUNTING AGENCY. Who do we have for these people ? We get the so called 20yrs experienced employee who has a marvelous and attractive set of portfolio. Adding to the CV is his ever impressive academic achievements and all those book awards that he collected during school days (kind of at least 20-35yrs back). A organisation savvy persona with charismatic charm. He orchestrates teams and departments under his directions and ideas. Playing business strategies is his most valuable possession. This is as such a double-edged sword. When an organisation employed one who CANNOT play strategy well. Its gonna be a gone case. He needs not push to his physical limit nor undergo salary cut to save the company situation. Instead, his monthly compensation package is always guaranteed until he is given the golden hand-shake that usually comprises of yet another few more million dollars and possibly choice of shareholding option. He is made a CEO.
Now, in singapore, many blue chips have fall. The US recession impact has hit our shore. This is only the surface of the water of the gigantic iceberg. Our economy has yet to reach bottom. Recently, i was talking to owner of http://www.forexandbinary.com/ . A very good friend of mine and a very experienced banking trader. His prediction to this fall will be deep, probably worser than the historical GREAT DEPRESSION. Strait Times Index has fell to 1600pts as per yesterday closing. This is very close to his prediction of 1500pts. It is very scarry to think just a year back, STI is trading over 3000pts. it has dropped 50%. The US impact took 1yr time frame to hit our shore. But this is still not the bottom. So, next question is,
WHEN IS THE BOTTOM OF THIS FINANCIAL CRISIS ?
Now that the STI is close to 1500pts. Many traders who do not believe in my friend's prediction started talking to him. His reply was, "i myself is not confident too, that 1500pts is the bottom. It could be even lower. BUT 1500pts will make me interested to buy shares again"...
So, when it hits 1500pts, i ask my friend if there will be waves after waves of rises and falls. He said, its possible. When STI hits so low, many people starts to buy. This will prompt the demand and supply equation into place again. Thus, once value goes up, those who bought at low prices, sell short to take profits. With lots selling, it will plunge the price again. Bringing the new buyers to contracting investments. As fear creeps towards them while the prices of their shares drop, they will panic and sell. This will initiate the first action again. This cycle will repeat till the market sentiment is cool.
WHICH CHIPS ARE UNDERVALUE ? (i do not based on technical information for my comments)
DBS BANK - dented with their lehman brothers minibonds issue has effectively dropped to 10bucks. A cheap buy if you ask me, since they are the most popular bank in singapore among the bigger lower and middle income families. Was trading ard 20bucks a year ago. Should be able to ride pass this crisis with govt help.
CAPITALAND - One of the biggest property developer possessing numerous quality projects and assets locally and overseas has also seen a slower work year. Price has slide, attractive too.
BANYAN TREE - Lead by a very charismatic CEO (Mr Ho Kwon Ping). This firm has also prompted my friend interest. Price dropped from 2dollars to a merely 0.50dollar. Still is among the most seeked after tourist resorts provider and with its multi-income channels, can be a good buy when the crisis ends and tourism booms in asia again.
For now, these are my current interest. Any new recommendation will come later.
Monday, October 6, 2008
GLOBAL RECESSION
"A recession is a contraction phase of the business cycle. It is more broadly defies as "a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A sustained recession will become a depression." - From Wikipedia, the free encyclopedia
Reading the above article, prompted me to write this short little blog from my office.
In this 2 weeks, lots have happened. Millionaires going bankrupt, Billionaires going nuts.
The world biggest trading market, the forex exchange, has been ringing the bells. You are seeing volatile positions every single minute.
This global recession, i already taken it on board, started from the US. From a single sub-prime issue becoming a national fear that balloons into a global panic.
What is becoming of this world ? Can ASIA sustain the impact ? China has been strong against the greenback but recent scandals on their diary industry has resulted in bad reputation. That prompted the chinese government to tighten their fists and start moving their bottoms. Everyone down the line was questioned. With a small number of scapegoats arrested, are we seeing the end of this scandal ? What will China do to bring up the confidence of the consumers ?
Next question we will be asking ourselves will be the CONFIDENCE of the investors. When will they return to the trading platforms ?
Reading the above article, prompted me to write this short little blog from my office.
In this 2 weeks, lots have happened. Millionaires going bankrupt, Billionaires going nuts.
The world biggest trading market, the forex exchange, has been ringing the bells. You are seeing volatile positions every single minute.
This global recession, i already taken it on board, started from the US. From a single sub-prime issue becoming a national fear that balloons into a global panic.
What is becoming of this world ? Can ASIA sustain the impact ? China has been strong against the greenback but recent scandals on their diary industry has resulted in bad reputation. That prompted the chinese government to tighten their fists and start moving their bottoms. Everyone down the line was questioned. With a small number of scapegoats arrested, are we seeing the end of this scandal ? What will China do to bring up the confidence of the consumers ?
Next question we will be asking ourselves will be the CONFIDENCE of the investors. When will they return to the trading platforms ?
Sunday, September 7, 2008
Making Million Dollars Out of Dumb Ideas
Hi readers,
It has been a very inconsistent past 2 weeks that i contribute to my blog. So, I apologised for my disappearing acts. There are some offline commitments which required my prioritise attentions.
One of them is my Fitness Remedial Training. :)
Anyway, I am going to talk about "Making Million Dollars Out of Dumb Ideas" for this
new blog. This topic has been rather intriquing for me since i felt i am really trapped within a body full of ideas without much financial gains from it.
Albert Einstein has a famous saying,
1. Million Dollar Homepage
1000000 pixels, charge a dollar per pixel – that’s perhaps the dumbest idea for online business anyone could have possible come up with. Still, Alex Tew, a 21-year-old who came up with the idea, is now a millionaire.
2. SantaMail
Ok, how’s that for a brilliant idea. Get a postal address at North Pole, Alaska, pretend you are Santa Claus and charge parents 10 bucks for every letter you send to their kids? Well, Byron Reese sent over 200000 letters since the start of the business in 2001, which makes him a couple million dollars richer.
3. Doggles
Create goggles for dogs and sell them online? Boy, this IS the dumbest idea for a business. How in the world did they manage to become millionaires and have shops all over the world with that one? Beyond me.
4. LaserMonks
LaserMonks.com is a for-profit subsidiary of the Cistercian Abbey of Our Lady of Spring Bank, an eight-monk monastery in the hills of Monroe County, 90 miles northwest of Madison. Yeah, real monks refilling your cartridges. Hallelujah! Their 2005 sales were $2.5 million! Praise the Lord.
5. AntennaBalls
You can’t sell antenna ball online. There is no way. And surely it wouldn’t make you rich. But this is exactly what Jason Wall did, and now he is now a millionaire.
6. FitDeck
Create a deck of cards featuring exercise routines, and sell it online for $18.95. Sounds like a disaster idea to me. But former Navy SEAL and fitness instructor Phil Black reported last year sales of $4.7 million. Surely beats what military pays.
7. PositivesDating.Com
How would you like to go on a date with an HIV positive person? Paul Graves and Brandon Koechlin thought that someone would, so they created a dating site for HIV positive folks last year. Projected 2006 sales are $110,000, and the two hope to have 50,000 members by their two-year mark.
8. Designer Diaper Bags
Christie Rein was tired of carrying diapers around in a freezer bag. The 34-year-old mother of three found herself constantly stuffing diapers for her infant son into freezer bags to keep them from getting scrunched up in her purse. Rein wanted something that was compact, sleek and stylish, so in November 2004, she sat down with her husband, Marcus, who helped her design a custom diaper bag that's big enough to hold a travel pack of wipes and two to four diapers. With more than $180,000 in sales for 2005, Christie's company, Diapees & Wipees, has bags in 22 different styles, available online and in 120 boutiques across the globe for $14.99.
9. TruGamerz
Faux-suede padded covers for game controllers and gel thumb pads for analog joysticks? No one will buy that. Forget it. The product proved to be so popular, it got picked up by Target.com and Walmart.com and annual sales new exceed half a million dollars.
10. Lucky Wishbone Co.
Fake wishbones. Now, this stupid idea is just destined to flop. Who in the world needs FAKE PLASTIC wishbones? A lot of people, it turns out. Now producing 30,000 wishbones daily (they retail for 3 bucks a pop) Ken Ahroni, the company founder, expects 2006 sales to reach $1 million.
2. ThinkCommander - This will be a powerful software for the future. This perfect software is what probably many geeks out there is waiting for this christmas. But no, its not happening yet. The main power for this software will be the possibility of commanding your cursor on the computer thru your thoughts. YES, YOU THINK , YOU COMMAND ! how great it is to finish designing a website by thinking, saving lots of time and less energy consumption on your body.
3. Teleporter - A state-of-the-art future transportation. NO MORE cars, NO MORE co2, GO GREEN, GO TELEPORTING !!!...
4. A-meal-pill - Basically, this product is to attract all the lazy dieters out there or those serious but busy executives or housewives who need a slim sexy body but not having the luxury of time for exercises. This pill is the answer to their desires as well as many business man UNLIMITED FORTUNE !
5. MagneticFoundationHome - Ok, this more of an architectural solution than a product. But this is one of the mind storming idea that one friend offers working on the basis of magnetic theory. This will probably resolve collapsing of buildings due to natural causes like earthquakes.
6. DisposableUmbrella - This is a dream for many workers who does not want to carry umbrella in their handbags or backpack. It looks very ugly too to carry long unfoldable ones and when its wet, why do u want to keep inside ur bags ???...we need this, seriously.
7. DogMatchMakers - I realise the huge population of dog lovers and reckon many desperate owners out there who wanted offsprings of their pampered dogs. But how can they find the correct match without knowing more owners within their estates ? DogMatchMakers will be the answer.
8. BabyTrainer - AH HA ! for those parents out there who requires half hour breaks or so, will certainly vote for this baby trainer. To talk to your baby, play with him, sing him a song, teaches him languages and numbers. A definitely great buddy for your baby to have. BUT remember, nothing beats a parent warmth and TLC.
9. AntiDustCream - Ok, this product was created for those sensitive-nosed home cleaners. Dust as we know gather everywhere in our house. We clean all day, they just keep coming back. The floor is easiest to clean but how about the wall, n the CEILING FANS !!!...Thats where we will need to apply AntiDustCream on. A layer of non-sticky and unconventional surface that repel collection of dust. how good it is.
10. BestWorkers - This is a dream of futuristic robots which we can make use of to replace manpower and work for us. This is what most directors want. Command and control over your staffs. NOW you can. Choose gender, age, facial, height, race and even nationality. We will create one that suits you. Otherwise, let our computer randomly choose an appropriate one for you. No more withstanding staffs' abusive tempers and attitude. Change to BESTWORKERS now.
haha, that finish my list of 10 dumbest ideas for a million dollar business !!!...Hope you like it and
come back to share with me your ideas too.
It has been a very inconsistent past 2 weeks that i contribute to my blog. So, I apologised for my disappearing acts. There are some offline commitments which required my prioritise attentions.
One of them is my Fitness Remedial Training. :)
Anyway, I am going to talk about "Making Million Dollars Out of Dumb Ideas" for this
new blog. This topic has been rather intriquing for me since i felt i am really trapped within a body full of ideas without much financial gains from it.
Albert Einstein has a famous saying,
Imagination is more important than knowledge
With that, it certainly encourages me to keep thinking and coming up with new ideas. Smart ideas or dumb ideas, it doesnt matter.
Today, we want to talk about Making Million Dollars Out of Dumb Ideas. Below is a list of some of the dumbest ideas that other people has already created.
1. Million Dollar Homepage
1000000 pixels, charge a dollar per pixel – that’s perhaps the dumbest idea for online business anyone could have possible come up with. Still, Alex Tew, a 21-year-old who came up with the idea, is now a millionaire.
2. SantaMail
Ok, how’s that for a brilliant idea. Get a postal address at North Pole, Alaska, pretend you are Santa Claus and charge parents 10 bucks for every letter you send to their kids? Well, Byron Reese sent over 200000 letters since the start of the business in 2001, which makes him a couple million dollars richer.
3. Doggles
Create goggles for dogs and sell them online? Boy, this IS the dumbest idea for a business. How in the world did they manage to become millionaires and have shops all over the world with that one? Beyond me.
4. LaserMonks
LaserMonks.com is a for-profit subsidiary of the Cistercian Abbey of Our Lady of Spring Bank, an eight-monk monastery in the hills of Monroe County, 90 miles northwest of Madison. Yeah, real monks refilling your cartridges. Hallelujah! Their 2005 sales were $2.5 million! Praise the Lord.
5. AntennaBalls
You can’t sell antenna ball online. There is no way. And surely it wouldn’t make you rich. But this is exactly what Jason Wall did, and now he is now a millionaire.
6. FitDeck
Create a deck of cards featuring exercise routines, and sell it online for $18.95. Sounds like a disaster idea to me. But former Navy SEAL and fitness instructor Phil Black reported last year sales of $4.7 million. Surely beats what military pays.
7. PositivesDating.Com
How would you like to go on a date with an HIV positive person? Paul Graves and Brandon Koechlin thought that someone would, so they created a dating site for HIV positive folks last year. Projected 2006 sales are $110,000, and the two hope to have 50,000 members by their two-year mark.
8. Designer Diaper Bags
Christie Rein was tired of carrying diapers around in a freezer bag. The 34-year-old mother of three found herself constantly stuffing diapers for her infant son into freezer bags to keep them from getting scrunched up in her purse. Rein wanted something that was compact, sleek and stylish, so in November 2004, she sat down with her husband, Marcus, who helped her design a custom diaper bag that's big enough to hold a travel pack of wipes and two to four diapers. With more than $180,000 in sales for 2005, Christie's company, Diapees & Wipees, has bags in 22 different styles, available online and in 120 boutiques across the globe for $14.99.
9. TruGamerz
Faux-suede padded covers for game controllers and gel thumb pads for analog joysticks? No one will buy that. Forget it. The product proved to be so popular, it got picked up by Target.com and Walmart.com and annual sales new exceed half a million dollars.
10. Lucky Wishbone Co.
Fake wishbones. Now, this stupid idea is just destined to flop. Who in the world needs FAKE PLASTIC wishbones? A lot of people, it turns out. Now producing 30,000 wishbones daily (they retail for 3 bucks a pop) Ken Ahroni, the company founder, expects 2006 sales to reach $1 million.
wawawa, how about these for million dollar ideas ? Dumb are they ? certainly not in financial thinking. THESE are profitable businesses that are already installed and making money.
Ok, now, i am also going to try to have a dig at this. HOW ?
I am coming up with my own PERSONAL LIST OF 10 DUMBEST IDEA for MILLION DOLLAR BUSINESS.
1. DayDreamer - A device that will synchronise your day dreams and recording these valuable thoughts onto its storage. Connecting it to your PC later in the night as you return home from work, you can recollect what your brain was thinking earlier in the day. WHO KNOWS which idea that went thru your head might just be your big break.
2. ThinkCommander - This will be a powerful software for the future. This perfect software is what probably many geeks out there is waiting for this christmas. But no, its not happening yet. The main power for this software will be the possibility of commanding your cursor on the computer thru your thoughts. YES, YOU THINK , YOU COMMAND ! how great it is to finish designing a website by thinking, saving lots of time and less energy consumption on your body.
3. Teleporter - A state-of-the-art future transportation. NO MORE cars, NO MORE co2, GO GREEN, GO TELEPORTING !!!...
4. A-meal-pill - Basically, this product is to attract all the lazy dieters out there or those serious but busy executives or housewives who need a slim sexy body but not having the luxury of time for exercises. This pill is the answer to their desires as well as many business man UNLIMITED FORTUNE !
5. MagneticFoundationHome - Ok, this more of an architectural solution than a product. But this is one of the mind storming idea that one friend offers working on the basis of magnetic theory. This will probably resolve collapsing of buildings due to natural causes like earthquakes.
6. DisposableUmbrella - This is a dream for many workers who does not want to carry umbrella in their handbags or backpack. It looks very ugly too to carry long unfoldable ones and when its wet, why do u want to keep inside ur bags ???...we need this, seriously.
7. DogMatchMakers - I realise the huge population of dog lovers and reckon many desperate owners out there who wanted offsprings of their pampered dogs. But how can they find the correct match without knowing more owners within their estates ? DogMatchMakers will be the answer.
8. BabyTrainer - AH HA ! for those parents out there who requires half hour breaks or so, will certainly vote for this baby trainer. To talk to your baby, play with him, sing him a song, teaches him languages and numbers. A definitely great buddy for your baby to have. BUT remember, nothing beats a parent warmth and TLC.
9. AntiDustCream - Ok, this product was created for those sensitive-nosed home cleaners. Dust as we know gather everywhere in our house. We clean all day, they just keep coming back. The floor is easiest to clean but how about the wall, n the CEILING FANS !!!...Thats where we will need to apply AntiDustCream on. A layer of non-sticky and unconventional surface that repel collection of dust. how good it is.
10. BestWorkers - This is a dream of futuristic robots which we can make use of to replace manpower and work for us. This is what most directors want. Command and control over your staffs. NOW you can. Choose gender, age, facial, height, race and even nationality. We will create one that suits you. Otherwise, let our computer randomly choose an appropriate one for you. No more withstanding staffs' abusive tempers and attitude. Change to BESTWORKERS now.
haha, that finish my list of 10 dumbest ideas for a million dollar business !!!...Hope you like it and
come back to share with me your ideas too.
Sunday, August 31, 2008
Impact of Hurricane Gustav on FOREX !
Right, this is the must interesting topic for me this few weeks that build up to this morning news that i saw.
Title on the news - The Gulf Coast waits: Will it be another Katrina?
Extracts of this piece of news
"The storm was set to crash ashore late Monday morning with frightful force, testing the three years of planning and rebuilding that followed Katrina's devastating blow to the Gulf Coast. The storm has already killed at least 94 people on its path through the Caribbean."
"I was trying to get situated at home. I was trying to get things so it would be halfway safe," said 46-year-old painter Jerry Williams, who showed up at the city's Union Station to catch one of the last buses out of town. "You're torn. Do you leave it and worry about it, or do you stay and worry about living?"
"There were frightening comparisons between Gustav and Katrina, which flooded 80 percent of New Orleans. Gustav was forecast to bring with it a storm surge of up to 14 feet, but there was no doubt the storm posed a major threat to a partially rebuilt New Orleans and the flood-prone coasts of Louisiana and southeast Texas."
"Billions of dollars were at stake in other wide-ranging economic sectors, including sugar harvesting, the shipping business and tourism. The Mississippi Gaming Commission ordered a dozen casinos to close."
"Melissa Lee, who lives in Pearl River, a town near the boundary of Mississippi and Louisiana, was driving away to Florida Sunday. Before she left, she heard neighbors chopping down trees with chain saws, trying to ensure the tall pines that surrounded their homes wouldn't come crashing down."I sent my son out with a camera and said, `Go take pictures of our backyard. Because it's going to look different when we get back.'""
and yes it is. People are panicking. Some devasted, some hoping for the best. Many have left their homes to temporary seek refuge elsewhere. Government has called for
evacuation for the good sake of the residents. They didnt want to see bigger number of bodies if the storm turns out to be worse than predicted.
What does all these sound to you even when many finance experts are calming down the market with their incredibly believable technical comparison between Hurricane Katrina and Hurricane Gustav.
It was compared far too many times too that Hurricane Gustav is an expected one. That it is more of a smaller scale storm comparable to Hurricane Dennis in 2005 and Hurricane Ivan in 2004.
How will this Hurricane bring with it ? A bullish market or a bearish market ?
If prediction comes true, it will probably bring with it a temporary bullish market since damages is expected within the calculated. Thereafter, when a full-scale damages report is out, and the numbers are wider, it becomes a bearish market.
Therefore, in conclusion. Hurricanes bring nothing but bearish market. NONE of the hurricanes in the past till now, Brought with it good news. DID IT ? or am i wrong ?
Perhaps, Hurricane Gustav is going to bring us good news ? USD is going to appreciate ?
OK, certainly the only good news i see is going towards the CRUDE OIL !
My bet for this week. SELL SELL SELL !!!
SELL USD/CAD !!!! targeted @ 1.0610
Title on the news - The Gulf Coast waits: Will it be another Katrina?
Extracts of this piece of news
"The storm was set to crash ashore late Monday morning with frightful force, testing the three years of planning and rebuilding that followed Katrina's devastating blow to the Gulf Coast. The storm has already killed at least 94 people on its path through the Caribbean."
"I was trying to get situated at home. I was trying to get things so it would be halfway safe," said 46-year-old painter Jerry Williams, who showed up at the city's Union Station to catch one of the last buses out of town. "You're torn. Do you leave it and worry about it, or do you stay and worry about living?"
"There were frightening comparisons between Gustav and Katrina, which flooded 80 percent of New Orleans. Gustav was forecast to bring with it a storm surge of up to 14 feet, but there was no doubt the storm posed a major threat to a partially rebuilt New Orleans and the flood-prone coasts of Louisiana and southeast Texas."
"Billions of dollars were at stake in other wide-ranging economic sectors, including sugar harvesting, the shipping business and tourism. The Mississippi Gaming Commission ordered a dozen casinos to close."
"Melissa Lee, who lives in Pearl River, a town near the boundary of Mississippi and Louisiana, was driving away to Florida Sunday. Before she left, she heard neighbors chopping down trees with chain saws, trying to ensure the tall pines that surrounded their homes wouldn't come crashing down."I sent my son out with a camera and said, `Go take pictures of our backyard. Because it's going to look different when we get back.'""
and yes it is. People are panicking. Some devasted, some hoping for the best. Many have left their homes to temporary seek refuge elsewhere. Government has called for
evacuation for the good sake of the residents. They didnt want to see bigger number of bodies if the storm turns out to be worse than predicted.
What does all these sound to you even when many finance experts are calming down the market with their incredibly believable technical comparison between Hurricane Katrina and Hurricane Gustav.
It was compared far too many times too that Hurricane Gustav is an expected one. That it is more of a smaller scale storm comparable to Hurricane Dennis in 2005 and Hurricane Ivan in 2004.
How will this Hurricane bring with it ? A bullish market or a bearish market ?
If prediction comes true, it will probably bring with it a temporary bullish market since damages is expected within the calculated. Thereafter, when a full-scale damages report is out, and the numbers are wider, it becomes a bearish market.
Therefore, in conclusion. Hurricanes bring nothing but bearish market. NONE of the hurricanes in the past till now, Brought with it good news. DID IT ? or am i wrong ?
Perhaps, Hurricane Gustav is going to bring us good news ? USD is going to appreciate ?
OK, certainly the only good news i see is going towards the CRUDE OIL !
My bet for this week. SELL SELL SELL !!!
SELL USD/CAD !!!! targeted @ 1.0610
Wednesday, August 27, 2008
101 FREE Ways To Increase Your Blog Traffic
This summary is not available. Please
click here to view the post.
Friday, August 22, 2008
Chapter 1 - Newton's Three Laws of Motion
How Isaac Newton Think in Forex Trading ? Read on ...
For decades since Newton's Laws of Motion were conceived, our understanding of our universe has changed indefinitely. Right up till today, we never stopped using Newton's law.And it can almost be applied anywhere, anytime, any industry.
How about applying its teaching on Forex market ? Let me bring you guys through my thoughts.
If you have been reading till now, I hope this new topic certainly start to interest you to read further.I. Every object in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it.
For decades since Newton's Laws of Motion were conceived, our understanding of our universe has changed indefinitely. Right up till today, we never stopped using Newton's law.And it can almost be applied anywhere, anytime, any industry.
How about applying its teaching on Forex market ? Let me bring you guys through my thoughts.
If you have been reading till now, I hope this new topic certainly start to interest you to read further.
THE REFRESHMENT
Recapping what we all learned in Science lesson during High School time, below are the stated Laws by Newton.
Newton's First Law of Motion:
This law claims the concept of inertia we all recognized. Thi s law is often term the "law of inertia".
To me, I belong to a group of life-achievers called experimentalist. Well, or at least that will be what i call myself. Simply put the title to my daily life, I put my ideas into everything I do as I believe. I experiment.
So, if we take Newton's law 1 into Forex trading, we might just be looking at,
Therefore, the first proof is, the market will stay in a bullish or bearish market until the next big news come around.
-----------------------------------------------------------------------------------------------
To me, I belong to a group of life-achievers called experimentalist. Well, or at least that will be what i call myself. Simply put the title to my daily life, I put my ideas into everything I do as I believe. I experiment.
THE FIRST PROOF
So, if we take Newton's law 1 into Forex trading, we might just be looking at,
A bullish market will always be in a bullish motion, A bearish market
will remain in a bearish motion, unless an external force is applied to it.
will remain in a bearish motion, unless an external force is applied to it.
This presumption seems very logical and literally complete. It matches every single bit of Newton's Law 1. So, lets take a currency chart (taken from forex&binary) to analyse this.
Ok, as we look at the above AUD/USD currency chart. There is always a common scenario. That is, between the Peaks and the Bottoms, it is always a constant motion in general. So, This would have proven that Newton's Law 1 might be applicable to here as well. It was strongly supported by ALL the PEAKS and BOTTOMS being the external forces.
In an usual market, the Peaks and Bottoms resulted because of current news. Currents news of finance. Reports of BIG COMPANIES, INDEXES, COUNTRIES EXCHANGE RATES etc. These are the EXTERNAL FORCE applying to the change in direction of the market.
Recently, for AUDUSD, there was a cause to the rise. OIL PRICE. Read more about this here !
In an usual market, the Peaks and Bottoms resulted because of current news. Currents news of finance. Reports of BIG COMPANIES, INDEXES, COUNTRIES EXCHANGE RATES etc. These are the EXTERNAL FORCE applying to the change in direction of the market.
Recently, for AUDUSD, there was a cause to the rise. OIL PRICE. Read more about this here !
Therefore, the first proof is, the market will stay in a bullish or bearish market until the next big news come around.
-----------------------------------------------------------------------------------------------
Newton's Second Law of Motion:
II. The relationship between an object's mass m, its acceleration a, and the applied force F is F = ma. Acceleration and force are vectors (as indicated by their symbols being displayed in slant bold font); in this law the direction of the force vector is the same as the direction of the acceleration vector.This is the most powerful of Newton's three Laws, because it allows quantitative calculations of dynamics: how do velocities change when forces are applied. Notice the fundamental difference between Newton's 2nd Law and the dynamics of Aristotle: according to Newton, a force causes only a change in velocity (an acceleration); it does not maintain the velocity as Aristotle held.
This Law will be very interesting to analyze. Reading through it first time might be a bit dense. But i will explain in layman terms to probably try to get your cells moving.
Firstly, lets start to understand between ACCELERATION amd VELOCITY.
Velocity is defined as the rate of change of position. ( the speed of an object moving from position A to position B in a straight direction )
Acceleration is defined as the first derivative of velocity with respect to time. ( the sudden change in speed in a period of time )
THE 2nd ACT
Back to our interpretation of this law has on our forex trade, lets use back the same chart for our analysis.
After we had proven that EXTERNAL FORCE such as current news, reports or indexes change impact on the direction of the market, now we can also see how Newton's law 2 is clearly indicated in the chart.
In between the PEAKs and the BOTTOMs, we see secondary peaks and bottoms. Why does that happen even when no external force could be affecting the market ? Simple,
Law 2 stated F = ma,
This Law will be very interesting to analyze. Reading through it first time might be a bit dense. But i will explain in layman terms to probably try to get your cells moving.
Firstly, lets start to understand between ACCELERATION amd VELOCITY.
Velocity is defined as the rate of change of position. ( the speed of an object moving from position A to position B in a straight direction )
Acceleration is defined as the first derivative of velocity with respect to time. ( the sudden change in speed in a period of time )
THE 2nd ACT
Back to our interpretation of this law has on our forex trade, lets use back the same chart for our analysis.
In between the PEAKs and the BOTTOMs, we see secondary peaks and bottoms. Why does that happen even when no external force could be affecting the market ? Simple,
Law 2 stated F = ma,
If Applied Force(F) = Current News, Mass (M) = resistance of currency and Acceleration (A) = the change in velocity with respect to time
Answering our earlier question, All news affecting the resistance of currency causes acceleration (can be bullish or bearish). The key word here is TIME !
Depending on the strength of the news and the resistance of the currency, it determines the force of acceleration. Thus, you get to see bullish market that lasted only 3hrs and start to be bearish again even though good news were announced.
So, this is very important. When we want to anticipate a trade, we must know when this power will lose its fire and change direction again. Thus, we must know the TIME. If we know in the next 3Hrs, AUDUSD will appreciates 30pips to reach 0.8570. We can get our target and it is within a possible range before the power of the news cool off.
Thats our 2nd law proven. or at least what I am arguing.
------------------------------------------------------------------------------------------------
Depending on the strength of the news and the resistance of the currency, it determines the force of acceleration. Thus, you get to see bullish market that lasted only 3hrs and start to be bearish again even though good news were announced.
So, this is very important. When we want to anticipate a trade, we must know when this power will lose its fire and change direction again. Thus, we must know the TIME. If we know in the next 3Hrs, AUDUSD will appreciates 30pips to reach 0.8570. We can get our target and it is within a possible range before the power of the news cool off.
Thats our 2nd law proven. or at least what I am arguing.
------------------------------------------------------------------------------------------------
Newton's Third Law of Motion:
III. For every action there is an equal and oppo site reaction.
This law is exemplified by what happens if we step off a boat onto the bank of a lake: as we move in the direction of the shore, the boat tends to move in the opposite direction (leaving us facedown in the water, if we aren't careful!).
In Newton's 3rd law, it is almost the most famous one that we hear every other day. This is the most simple to understand and the most balanced law from nature. It simply applied to all scientific actions.
When we throw a coin up in the air, we applied a force to make the coin flips up.
The coin also came back down through a force called gravity. Thus, the opposite force in opposite direction.
THE 3rd ENCOUNTER
So, in a bullish market, we will certainly see a bearish market after that. However,
we must be very very clear here that it only states the change in opposite direction.
It does not state the amount of force coming in the opposite direction.
Lets look at the same chart again. Its very clear over here. In forex trading, you will never see CONSTANT graph. The chart will only show you either Up or Down. Never give you a constant horizontal line which sometimes can happen to a stock market.
THE CONCLUSION
With this experiment using sciences law versus conventional forex trading methods,
I am sure to introduce new injection of ideas if not stimulation to you guys out there.
Have fun thinking through my chapter and also try experimenting them if you can.
Most important, leave me comments to tell me your results.
Last but not least, Newton's Three Laws of Motion are meant to be Physical Laws.
When we throw a coin up in the air, we applied a force to make the coin flips up.
The coin also came back down through a force called gravity. Thus, the opposite force in opposite direction.
THE 3rd ENCOUNTER
So, in a bullish market, we will certainly see a bearish market after that. However,
we must be very very clear here that it only states the change in opposite direction.
It does not state the amount of force coming in the opposite direction.
THE CONCLUSION
I am sure to introduce new injection of ideas if not stimulation to you guys out there.
Have fun thinking through my chapter and also try experimenting them if you can.
Most important, leave me comments to tell me your results.
Last but not least, Newton's Three Laws of Motion are meant to be Physical Laws.
What do investors want to read ?
Recently, as i get more and more obsessed into writing blogs. I really want to know what my readers are interested in.
1. Do they really want to read Latest News from some pro website ?
2. Are they seeking advanced trading methods ?
3. Is this leisure reading ?
4. Bounce unintentionally into my blog and started reading ?
5. SO, what do they really want to read ?
I started questioning myself. Then, i was facing 1 particular question that will lead to more analyzing.
With these categorized readers i have in mind, I suddenly realized. I wont be attracting CAT. 1 readers. I am not some professional or experience-rich trader.
I wont also be appealing to CAT.2 readers. My graphs are taken from Forex news of other websites that i want to share what i read.
So, I guess, unless I can hypnotized more of CAT.3 readers, I am really writing to my CAT.4 readers all these times.
1. Do they really want to read Latest News from some pro website ?
2. Are they seeking advanced trading methods ?
3. Is this leisure reading ?
4. Bounce unintentionally into my blog and started reading ?
5. SO, what do they really want to read ?
I started questioning myself. Then, i was facing 1 particular question that will lead to more analyzing.
WHO ARE THESE READERS ?
4. Loyalty Reader - Reader who were introduced/or visited and keep coming back for more. Enjoy my writings more than the news. Yes, that was the question. Who are reading my blog ? Are they really interested in what i am writing here ? So, what interest them ? Do they really care a bit that my writings will help them in any way ? yes no maybe ? I came out with few answers.
1. Intellectual Fundamental Investors - seeking genuine advices from day-traders writing in night time blog.
2. Individual Technical Investors - collecting more individualistic technical reports to confirm their trades.
3. Leisure Reader - Just bouncing in from other websites and enjoy reading personalized blog.
1. Intellectual Fundamental Investors - seeking genuine advices from day-traders writing in night time blog.
2. Individual Technical Investors - collecting more individualistic technical reports to confirm their trades.
3. Leisure Reader - Just bouncing in from other websites and enjoy reading personalized blog.
With these categorized readers i have in mind, I suddenly realized. I wont be attracting CAT. 1 readers. I am not some professional or experience-rich trader.
I wont also be appealing to CAT.2 readers. My graphs are taken from Forex news of other websites that i want to share what i read.
So, I guess, unless I can hypnotized more of CAT.3 readers, I am really writing to my CAT.4 readers all these times.
HOW MANY ARE THERE READING MY BLOG ?
Now that i know i am writing for my loyal faithful readers, i must write something which always interest them, not bored them. So, the numbers of readers does not matter anymore since the responsibility to retain them is more prioritized.
Articles or stories or news are interesting or meaningful because of the content.
It is never just reading the content words by words without understand the meaning behind the sentence.We cannot read paragraph literally as the sentences are written and unable to explain what it is saying.
Nope, we cannot do that. I believe i got to write something with deeper thought, emphasizing more on creative thinking that can in turn motivate my readers.
HOW CAN I RETAIN MY LOYAL READERS ?
Articles or stories or news are interesting or meaningful because of the content.
It is never just reading the content words by words without understand the meaning behind the sentence.We cannot read paragraph literally as the sentences are written and unable to explain what it is saying.
Nope, we cannot do that. I believe i got to write something with deeper thought, emphasizing more on creative thinking that can in turn motivate my readers.
I WANT YOU TO THINK
Many a times when we read an article or quote that offers intelligent satisfaction, you will start to want to know more about the author/writer. This will be how I retain you loyal readers and converting you leisure readers into my loyal readers.
So, from today onwards, FOREX-PAIRS will no longer trying to fight head-to-head with many other blogs in providing latest news or of any such.
FOREX-PAIRS will instead be walking the leisure stroll with you through the UPs and DOWNS of the financial market. I will offer the mental questioning on current affairs that have impact on our FOREX MARKET.
This is what we want to know. THIS IS FOREX FUTURE.
At the end of each blog, i will also introduce the subject for next blog that i will chaptered them in numeric order.
Coming up next :
Chapter 1 - Newton's Three Laws of Motion
read also : casino tourism in vietnam
So, from today onwards, FOREX-PAIRS will no longer trying to fight head-to-head with many other blogs in providing latest news or of any such.
FOREX FUTURE
FOREX-PAIRS will instead be walking the leisure stroll with you through the UPs and DOWNS of the financial market. I will offer the mental questioning on current affairs that have impact on our FOREX MARKET.
This is what we want to know. THIS IS FOREX FUTURE.
THE BEGINNING
At the end of each blog, i will also introduce the subject for next blog that i will chaptered them in numeric order.
Coming up next :
Chapter 1 - Newton's Three Laws of Motion
read also : casino tourism in vietnam
Thursday, August 21, 2008
Oil Rises More Than $5 on U.S.-Russia Tensions, Dollar Weakness
By Mark Shenk
Aug. 21 (Bloomberg) -- Crude oil advanced more than $5 after the signing yesterday of a missile-shield agreement between the U.S. and Poland bolstered concern that Russia may disrupt the flow of oil.
The U.S. missile shield in Europe, which has ``a real anti- Russian potential, won't increase the continent's security,'' Russia's Foreign Ministry said. Russia is the world's second- biggest oil producer. Oil also climbed as the dollar fell to the lowest against the euro in a week.
``The tensions between Russia and the West were supposed to be simmering down but they are now ratcheting up because of Poland's agreement with the U.S.,'' said Gene McGillian, an analyst at TFS Energy LLC in Stamford, Connecticut. ``The fall of the dollar is sending a huge investor flow into commodities.''
Crude oil for October delivery rose $5.02, or 4.3 percent, to $120.58 a barrel at 10:44 a.m. on the New York Mercantile Exchange. Futures are down 18 percent from a record $147.27 reached on July 11. Prices are up 72 percent from a year ago.
Brent crude oil for October settlement rose $5.18, or 4.5 percent, to $119.54 a barrel on London's ICE Futures Europe exchange.
``The dollar has been the big driver of both the rally and the pullback,'' said Kevin Kerr, president of Kerr Trading International in Wilton, Connecticut.
The dollar fell to $1.4887 per euro, from $1.4747, and touched $1.4891, the weakest since Aug. 14. The U.S. currency has climbed versus the euro since touching an all-time low of $1.6038 on July 15.
Hard Assets
``The dollar's rise was too swift to have faith in,'' said John Kilduff, senior vice president of risk management at MF Global Inc. in New York. ``The resumption of the currency's fall has increased the appeal of hard assets.''
The UBS Bloomberg Constant Maturity Commodity Index, which tracks 26 raw materials, gained 2.3 percent to 1485.943 today, the highest since Aug. 4.
Russia has defied calls by U.S. President George W. Bush and other Western leaders for an immediate withdrawal from Georgia since a cease-fire agreement last week ended five days of fighting.
The Baku-Supsa pipeline, which pumps more than 100,000 barrels of oil a day from the Azerbaijan to the Georgian port of Supsa on the Black Sea coast, is still shut on security concerns following fighting between Georgian and Russian troops, Toby Odone, a London-based spokesman for BP, said today by telephone. Railway transportation to Georgia's Black Sea ports has also been suspended because of a damaged bridge.
The Baku-Tbilisi-Ceyhan pipeline, which transports oil from Azerbaijan through Georgia to Turkey's Mediterranean coast, will be fully operational this week and tanker loading will resume next week, officials said. The pipeline has a capacity of 1 million barrels a day.
`Geopolitical Worries'
``I've been waiting for the gathering geopolitical worries to pump up the security premium,'' Kilduff said. ``The increase in tension with Russia will probably spell the end of cooperation on the Iran nuclear front.''
The U.S. and its European allies are trying to persuade Iran to halt its uranium enrichment program, saying it's a cover for developing nuclear weapons. Iran is the world's fourth-biggest oil producer.
``The hope was that Russia's fields would be developed and the barrels made available,'' Kerr said. ``If you are a multinational, you are already afraid of nationalization of your assets. Now, with the recent problems between Russia and its neighbors, nobody is going to invest there.''
TNK-BP, a 50-50 venture between BP Plc and a group of billionaires known collectively as AAR, is embroiled in a dispute over strategy and management. BP, which relies on the company for almost a quarter of its output, is struggling to maintain control amid pressure on foreign employees.
Gasoline Supplies
U.S. gasoline supplies fell 6.2 million barrels last week, the U.S. Energy Department said in a report yesterday, more than double analysts' predictions. Crude-oil stockpiles rose 9.39 million barrels to 305.9 million barrels, the biggest gain since March 2001, the report showed. Stockpiles fell the previous week when Tropical Storm Edouard hit Texas.
Refineries operated at 85.7 percent of capacity in the week ended Aug. 15, down 0.2 percentage point from the week before and the lowest since the week ended May 2, the report showed.
``The market shrugged off the big crude build because they attributed it to delayed imports that couldn't arrive during the week of Edouard,'' McGillian said. ``More attention was paid to the drop in gasoline stocks and refinery runs. If refiners continue to operate at this level we won't be able to build product inventories.''
Gasoline for September delivery rose 11.22 cents, or 3.9 percent, to $3.0225 a gallon in New York.
Pump prices haven't increased since July 19, according to the AAA, the nation's largest motorist organization. Regular gasoline, averaged nationwide, fell 1.5 cents to $3.702 a gallon, the AAA said today on its Web site. Prices reached a record $4.114 a gallon on July 17.
To contact the reporter on this story: Mark Shenk in New York at mshenk1@bloomberg.net.
------------------------------------------------------------------------------------------------My opinion:
Today is the 21st of August. nearly 3rd QTR is up. This means that in just less than 8weeks we are entering the 4th QTR...
WHAT HAPPEN in that QTR every year that affect the market ???
Lots of climatic n weathering conditions worsening. More storms, More hurricanes, More oil rigs in danger of destroy, forcing oil price up.
When Mr weatherman announces the year end winter will be harsher than last year again, this signals yet another price up for OIL !...Mr weatherman certainly invests in OIL, dont you think so ?
Lastly, if the oil is already building up now due to external factors and current news.
Certainly the tension between US and RUSSIA is not helping. The war in Georgia is not helping. The Iranians are definitely not on the USD side.
So, BUY BUY BUY . OIL is the current future .
read up more on: All ABOUT OIL
also a reminder you can trade on FOREXyard on oil. CLICK HERE
------------------------------------------------------------------------------------------------
Subscribe to:
Comments (Atom)
Posts
