Trader vs politicans. I know who I would follow into battle.
Alessio Rastani is an ‘independent market trader’ (aka bullshitter) and the founder of LeadingTrader.com (attention!) but he also seized his moment when he was interviewed by News 24 on the Euro crisis. He has the gift of the gab but also nails the difference between politicans who think they run the world, and traders, who often do.
“Can you pin down what would make investors more happy, make them feel more confident?”
“Personally, it doesn’t matter. I’m a trader. I don’t really care about that kind of stuff. If I see an opportunity to make money, I go with that.
“This economic crisis is like a cancer. If you just wait and wait thinking & hoping this will go away, just like a cancer it is going to grow nad it will be too late. Get prepared. this is not a time for wishful thinking. Government don’t rule the world, Goldman Sachs rules the world. People need to understand how to make money from this.
I just vomited in my mouth listening to this tool, who looks a little like Al Pacino in The Devil’s Advocate.
Of course he is right.
But where he is also so wrong is that only a tiny minority of people can profit from a crash. Simple macro economics.
Why don’t we all just sell up, move to Vegas and trade our lives, assets and US Pesetas on a roulette table?
No offence @AlessioRastani ! The Al Pacino reference reflects the trading profession…
the yes men…
Seems this guy is not what he seems (if you’ll forgive the circularity).
http://www.telegraph.co.uk/finance/economics/8792829/BBC-financial-expert-Alessio-Rastani-Im-an-attention-seeker-not-a-trader.html
http://www.forbes.com/sites/emilylambert/2011/09/27/trader-or-prankster-we-called-alessio-rastani-and-asked/
In the latter he says he is a trend trader, then immediately he says he likes volatility. In which case he is not a trend trader. And so on…