yom2:
and may I know d cause of all these global economic uncertainties and pandemonium? is it a meteorite from heaven? or trump? or the Chinese ?

A $1 Trillion Manager Sees Emerging Market Rebound on Trade Truce Next Year
By Ben Bartenstein
21 November 2018, 18:00 GMT+2
TIAA Bank says ‘bleeding’ for emerging markets stops in 2019
Gaffney favors China stocks, Argentine peso and Brazilian real
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The toll of declining business confidence will eventually make President Donald Trump cut a trade deal with China -- helping revive emerging markets in 2019, according to one of the world’s largest money managers.

While it’s unlikely that Trump and his counterpart Xi Jinping reach a truce at the Group-of-20 summit in Argentina next week, their meeting will probably be the first step toward an agreement in 2019, said Chris Gaffney, president of world markets at TIAA Bank in St. Louis. He said developing-nation assets will benefit from easing trade tensions plus a potential midyear pause by the Federal Reserve and a softer dollar. The $1 trillion investment firm manages pension accounts for higher education institutions in the U.S.


Trump Optimistic for China Deal That Benefits U.S., Kudlow Says


"The bleeding for emerging markets stops in 2019," Gaffney said in an interview. "Still, we don’t expect returns to continue as we’ve seen before. We think it’s lower and slower."

Developing-nation assets will likely outperform in the year ahead as geopolitical risks in Europe from Brexit to Italy weigh on the developed world, according to TIAA. Gaffney said he sees value in China’s beaten-down A-Shares market, which have fallen into bear market territory. He’s also optimistic about the yuan as well as currencies from Argentina to Brazil and India after their big selloffs this year.

Despite his optimism on China, Gaffney said a slowdown there poses the biggest risk to emerging markets. His base case is a soft landing given the amount of control in the hands of authorities in Beijing.

"China has the advantage of really controlling their economy much more directly than the U.S. or EU can," he said. "They can make it happen. They own most of the economy so they can just adjust it. That’s not always a good thing, but in trying to manage out of situations like this, it can be a positive."

Here’s what else Gaffney had to say about emerging markets:

On what markets are underestimating
"A big stock market selloff. If we go bearish global markets, that will hit EM hard. Another thing nobody is talking about is inflation because nobody expects a spike. That would help EM in that commodities would probably rally.” Still, “nobody is writing about the amount of debt out there and what happens as interest rates rise. Paying for that debt will get very expensive. It will shift spending away from other items or we’ll get some defaults."

Why he favors Brazil over Mexico
"I like Brazil going forward. There are still a lot of questions with Jair Bolsonaro. The markets like his choice for finance minister. That’s an economy with tremendous potential. Pension reform will be the big question. I’m not sure Bolsonaro and Paulo Guedes are on the same page there. Privatization is another big question. But as we see them start to get more interest from investors, I think you may see some investors shifting out of Mexico and other EMs and back into Brazil. That should give them a bit of a lift."

How Chinese markets could rebound
"I think they’ve allowed the yuan to depreciate for stimulus and to offset tariffs. In the U.S. negotiations, I think they’ll stop it. The 7 is a line in the sand and I think we don’t go through it. As the economy starts to settle in, I think you can see a nice appreciation. I’m neutral to positive on China."

On the divergence between Turkey and Argentina
"Turkey’s a mess. I don’t think investors can have confidence in their leader right now. I think it continues to be under pressure. I’m still negative."


"In Argentina, they’re taking the right direction. The peso can recover. I’m positive. Mauricio Macri took the hard step of getting the austerity budget approved. It won’t make him popular, but at the same time it makes him popular with international investors."

On his favorite emerging market
"I like India. I think it bounces up. India has very good fundamentals. Debt levels are good. GDP growth is good. India has good real interest rates, too. It’s a case of the currency. The negative push on the currency has been a case of negative EM instead of specific to India. India is probably my number one."

fxuser:


- bought very lil oh , money dat cant buy carton champagne oh ..
- itchy finger wahala ! i fail at ff my rules lollx

Dear FXUSER,
Philanthropy is not out of your reach.
This stock has just finished preparing pepper soup with its tail...
You told me if it start chewing its tail, you will supply onions....
Watch out how tomorrow goes, if the invited guests turn up....
Your TA was top notch, but we still behave like kids who have learned from Las Vegas alone...

bigjay01:
@house

is it a usual practice for registrars to request for BVNs before setting up eDiv?
For someone who is offshore and hears all sorts of fraud stories that touch ...

The registrar in question is Cardinal Stone

Yes it is. There is no form of registration or regularization you want to do in the financial services sector that you will not be required to produce your BVN.

DeRuggedProf:


Dear FXUSER,
Philanthropy is not out of your reach.
This stock has just finished preparing pepper soup with its tail...
You told me if it start chewing its tail, you will supply onions....
Watch out how tomorrow goes, if the invited guests turn up....
Your TA was top notch, but we still behave like kids who have learned from Las Vegas alone...

who u beeeee this guy?

DeRuggedProf:


Dear FXUSER,
Philanthropy is not out of your reach.
This stock has just finished preparing pepper soup with its tail...
You told me if it start chewing its tail, you will supply onions....
Watch out how tomorrow goes, if the invited guests turn up....
Your TA was top notch, but we still behave like kids who have learned from Las Vegas alone...

ur style of writing is awesome
I want to b like u when l grow uuuup�

DeRuggedProf:


Dear FXUSER,
Philanthropy is not out of your reach.
This stock has just finished preparing pepper soup with its tail...
You told me if it start chewing its tail, you will supply onions....
Watch out how tomorrow goes, if the invited guests turn up....
Your TA was top notch, but we still behave like kids who have learned from Las Vegas alone...

I remember when love letter used to be popular many ages ago in secondary school and how "silly" boys like you used to use words to woo girls away from majority of "us". I can also assume that you have a very good hand writing. Those two go hand in hand.

Your type wouldn't have survived a year in my kind of secondary back then. You better take your time. See as Ndidi just dey fall heads over heels.

ndidigood:
ur style of writing is awesome
I want to b like u when l grow uuuup�

Ndidi, all these guys with words no dey carry action. Ignore him jare. Look towards Agba!

mendes911:


Ndidi, all these guys with words no dey carry action. Ignore him jare. Look towards Agba!

Lol

Agbalowomeri:


Lol

Thus guy no dey carry too many words, but... deep...k can confirm.

Hello @all. Long time. Please which brokers providing online trading offer commission charges lower than 1.3% per trade besides Morgan? Thanks.

bigjay01:
@house

is it a usual practice for registrars to request for BVNs before setting up eDiv?
For someone who is offshore and hears all sorts of fraud stories that touch ...

The registrar in question is Cardinal Stone

Any form that requires a bank account number and any other financial indices must require a BVN number.

Raider76:
Hello @all. Long time. Please which brokers providing online trading offer commission charges lower than 1.3% per trade besides Morgan? Thanks.

Lower than 1.3? Lol. More like 1.725% + 4 naira to buy. 2.025% + 4 naira to sell. You are not only paying for commission though. They all have the same rates, you are not buying those stocks from Morgan or Merristem or Stanbic or United capital etc, you are buying it directly from NSE through their platform, which I suspect the charges are regulated. I don't think the rates differ or else people will be using the cheapest broker and not touch the rest, 0.1% sometimes can become a lot of money for some people.

we are enjoying the Flourmil ride...from 16. +16% now. the only green on the Excel

GonFreecss1:


Lower than 1.3? Lol. More like 1.725% + 4 naira to buy. 2.025% + 4 naira to sell. You are not only paying for commission though. They all have the same rates, you are not buying those stocks from Morgan or Merristem or Stanbic or United capital etc, you are buying it directly from NSE through their platform, which I suspect the charges are regulated. I don't think the rates differ or else people will be using the cheapest broker and not touch the rest, 0.1% sometimes can become a lot of money for some people.

The high charges make high frequency trading unprofitable. The highest charge is the broker commission charge which is supposed to be variable but set not to exceed 1.35%. The other charges such as for NSE are fixed and common to all brokers. The only way one can save is to find a broker whose commission charges are significantly lower than 1.35% before negotiation. That's what I am looking for.

gabscity:
we are enjoying the Flourmil ride...from 16. +16% now. the only green on the Excel

u beta take profit now oh. Don't be like me that didn't take profit when transcorp did 1.37. Now see where I dey. My jijo money tied down for over two months.

Mpeace:
u beta take profit now oh. Don't be like me that didn't take profit when transcorp did 1.37. Now see where I dey. My jijo money tied down for over two months.

U mean u never took profit ? why ..guess u wanted to exit at 1.50? dis nse self...

ARM Securities does 1% brokerage commission but I don't use them.

On Lead Capital my last trades before I left the market mid year were at 0.75% brokerage commission.

Hope this helps.

Raider76:


The high charges make high frequency trading unprofitable. The highest charge is the broker commission charge which is supposed to be variable but set not to exceed 1.35%. The other charges such as for NSE are fixed and common to all brokers. The only way one can save is to find a broker whose commission charges are significantly lower than 1.35% before negotiation. That's what I am looking for.

tritritri:


U mean u never took profit ? why ..guess u wanted to exit at 1.50? dis nse self...

My broda. I was waiting for the promised oil news from Elumelu.

Mpeace:
My broda. I was waiting for the promised oil news from Elumelu.

This biz self...

Raider76:


The high charges make high frequency trading unprofitable. The highest charge is the broker commission charge which is supposed to be variable but set not to exceed 1.35%. The other charges such as for NSE are fixed and common to all brokers. The only way one can save is to find a broker whose commission charges are significantly lower than 1.35% before negotiation. That's what I am looking for.

Oh! Interesting. Fees are one of the things that create losses though, especially over time. If you buy and sell, you have lost almost 4%. That's crazy. Over time this money becomes significant.

Infinitisi:
ARM Securities does 1% brokerage commission but I don't use them.

On Lead Capital my last trades before I left the market mid year were at 0.75% brokerage commission.

Hope this helps.

Not true ARM securities charge 1.35%....100% sure
On both buying and selling.

Investment boss in tearful video apology over losses
21 November 2018 Business
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James Cordier apologised to his investors
Video caption James Cordier apologised to his investors
The boss of a Florida-based financial firm has made a tearful video apology to clients after bad bets on oil and natural gas prices wiped out their investments.

James Cordier blamed a recent bout of market volatility for the losses, which are set to destroy his firm.

"I truly invested your funds like you were family," he said in the 10-minute video posted on YouTube .

"I'm sorry that this rogue wave capsized our boat."

Natural gas prices enjoyed their biggest one-day percentage gain in eight years on Wednesday last week, only to suffered their largest one-day loss in 15 years the very next day.

Meanwhile, oil prices have also fallen sharply.

Mr Cordier is president of OptionSellers.com, based in Tampa, and co-wrote a book called The Complete Guide to Option Selling.

The company managed money for wealthy investors and specialised in options, which give investors the right to buy or sell at a pre-determined price.

OptionSellers said the losses were its "clients' private business. We are in communication with them."

It was not clear how much money the firm managed or the size of the losses. Mr Cordier said in his video that he had 290 clients.

However, the losses could total more than $150m, according to Ohio lawyer Jason Albin, who has been in contact with about 80 clients.

Mr Albin said he thought the trades, which in some cases involved retirement accounts, should not have been permitted because of the risk involved.

He is looking at taking legal action against INTL FCStone, the brokerage that cleared the bets on behalf of Mr Cordier's company.

INTL FCStone declined to comment on the claims.

The firm said accounts managed by Optionsellers.com were liquidated after "unprecedented volatility" in the oil and gas markets last week.

"Although well collateralized, accounts managed by a commodities trading advisor, Optionsellers.com, had to be liquidated as a result of these moves," the company said.

"Liquidation of these accounts was in accordance with our customer agreements and our obligations under market regulation and standards."

mendes911:


Ndidi, all these guys with words no dey carry action. Ignore him jare. Look towards Agba!

Good advice but she wont adhere cos she is obviously dazed. Ndidi is definitely feminine.

Agba is the ogakpatakpata of then all..

mendes911:


I remember when love letter used to be popular many ages ago in secondary school and how "silly" boys like you used to use words to woo girls away from majority of "us". I can also assume that you have a very good hand writing. Those two go hand in hand.

Your type wouldn't have survived a year in my kind of secondary back then. You better take your time. See as Ndidi just dey fall heads over heels.

Are u kidding me?

swilo:


Good advice but she wont adhere cos she is obviously dazed. Ndidi is definitely feminine.

Agba is the ogakpatakpata of then all..

This is extremely hilarious, u guys nogo kill person for here..������

ndidigood:
Are u kidding me?

Hips don't lie

Agbalowomeri:


Hips don't lie

Mr.Agba u eeeh.

There seems to be smart money hovering above the market, but refusing to settle.
This may be a good time to observe from BBM'S workshop, but not to meddle with his tools....
I have been trying very hard each day to restrain myself from using the molten wax and wicks lying on the floor to try forming some candlesticks to continue the present pattern.

You avoid much trouble when your prediction about the market is wrong and you apologise to the market on time before the market sends you a query.

I can never buy Sterling bank even if its returning 2000% profit. No need to ask me why, its my personal decision.

How I wish the human system was designed with a physical button to switch off emotions....

DeRuggedProf:
I have been trying very hard each day to restrain myself from using the molten wax and wicks lying on the floor to try forming some candlesticks to continue the present pattern.

DeRuggedProf:
There seems to be smart money hovering above the market, but refusing to settle.
This may be a good time to observe from BBM'S workshop, but not to meddle with his tools....
I have been trying very hard each day to restrain myself from using the molten wax and wicks lying on the floor to try forming some candlesticks to continue the present pattern.

You avoid much trouble when your prediction about the market is wrong and you apologise to the market on time before the market sends you a query.

This guy. U no want pay school fees yet u want learn. Ok na, make we see wetin u go learn while sitting on the fence.