Anirudh Sethi Report

And some were skeptical that bankrupt continents could not put up industrial numbers that beat every single expectation. And if you thought these numbers are amazing, just wait until the next 5 Year Plan is implemented.

• Euro-Zone PMI Composite 56.7 higher than expected Consensus 55.5 Previous 56.
• Euro-Zone PMI Manufacturing 56.5 higher than expected Consensus 55.1 Previous 55.6.
• Euro-Zone PMI Services 56.0 higher than expected Consensus 55.0 Previous 55.5.
• Euro-Zone Industrial New Orders SA for May 3.80% m/m 22.70% y/y higher than expected Consensus -0.10% m/m 20.00% y/y Previous 0.60% m/m 21.90% y/y (Revised from 0.90% m/m 22.10% y/y).
• Germany PMI Manufacturing 61.2 higher than expected Consensus 58.0 Previous 58.4.
• Germany PMI Services 57.3 higher than expected Consensus 54.5 Previous 54.8.
• France Business Confidence Indicator for July 98 higher than expected Consensus 94 Previous 96 (Revised from 95).
• France Own-Company Production Outlook for July -9 lower than expected Consensus -7 Previous -7.
• France Production Outlook Indicator for July -2 higher than expected Consensus -6 Previous -4.
• France Consumer Confidence Indicator for July -39 higher than expected Consensus -40 Previous -39.
• France PMI Manufacturing for July 53.7 lower than expected Consensus 54.1 Previous 54.8.
• France PMI Services for July 61.3 higher than expected Consensus 60 Previous 60.8.
• UK Retail Sales Ex Auto Fuel MoM and YoY for June 1.00% m/m 3.10% y/y higher than expected Consensus 0.60% m/m 2.40% y/y Previous 0.70% m/m 2.90% y/y (Revised from 0.50% m/m 3.40% y/y).
• UK Retail Sales w/Auto Fuel MoM and YoY for June 0.70% m/m 1.30% y/y higher than expected Consensus 0.50% m/m 1.00% y/y Previous 0.80% m/m 1.70% y/y (Revised from 0.60% m/m 2.20% y/y).

Anyone disagreeing or disbelieving the above array of sterling data, will be promptly sequestered, silences and “disappeared.”

• In 1973 Larry Williams published a book titled “How I Made One Million Dollars Last Year Trading Commodities” detailing his trading success that year. The next year he lost the million dollars.

• Michael Marcus started with $30,000, borrowed another $20,000 from his mother and then proceeded to lose 84% of their combined capital (imagine trying explain that to your Mom) before becoming a successful trader.

• In 1987 several commodity funds managed by Richard Dennis lost 50% of their capital and were forced to stop trading.

It is the most competitive field out there, not only we have to fight each other (yes – this is what we do), but we have to oppose enormous computing power of heartless machines turning trades in nanoseconds. 

Here is a simple test if you cut to be a trader – if you can stay emotions free when you finish it – try stock betting…just don’t bet your house on it – that was a job of banksters. (Just remember – 99% of you will be better of sticking with just a test and not moving to real trading)

 Step 1. Go to your bank on a windy day.
Step 2. Withdraw a minimum of  Rs10,0000 in cash.
Step 3. Walk outside and with both hands starting throwing your money up into the air.
Step 4. After all of the money has blown away, go home and sit down in your favorite chair and calmly say, “Gosh that was foolish. I wish I hadn’t done that.”
Step 5. Get on with your life.