Financial Betting Articles

Wall Street Bonanza - What is better than Eastenders, Coronation Street, Grand Designs and indeed any other telly you care to mention? Punting the DOW up and down at ChoiceOdds of an evening of course. It's crash hot, fast moving and a great way to grab a healthy wad at the bookie's expense. It's so exciting that we are making this week a Wall Street Bonanza! Watch out all this week for our special offers.

After lunch or when you get home, grab some coffee (pronounced koi-ffee) and a pretzel (pronounced pretzel) and get your PC pointed at Wall Street bets. There is no better time to get on it with the index sailing into uncharted waters. You think the ChoiceOdds trading desk has any idea where the market goes next? These guys struggle to locate the holding end of a fork. They can't spell DOW. We only just got them to stop licking the power sockets.

What a week that was though - new highs left right and centre on Wall Street while the Dollar crashed through the floor. I saw it now loud and proud - I am calling the top of the market. 14,000 points on Wall Street is quite frankly enough already. Surely now the Yanks are going to realise that their economy is on the cusp of free fall? I might be letting my desire to see a bunch of whooping Americans lose their shirts muddy my judgement, but look at the facts.

Top man at the Fed Ben Bernanke was extremely cautious about the prospects for growth in the US economy and the Fed's forecast has been revised downwards. Mr. Bernanke estimated that credit losses from the sub-prime mortgage crisis could be between $50 and $100 billion. The sub-prime mortgage debacle will limit household spending and hurt corporate America's wallet. Do you think I take pleasure in seeing US hubris rammed firmly down their throats? Well, that is because I am a petty petty little Englander.

The US market may finally wake up and smell the coffee. It really is a crucial week which may see the end of a trend. What matters is whether people start believing that the sub-prime mortgage crisis is really going to break out into the wider economy. With respected hedge funds like Bear Stearns and Dillon Read Capital Management losing out on the back of the troubled debt market, the sector in general could get badly burned. Already hedge fund IPOs are under-subscribed. This sort of thing can have a rapid cascade effect and confidence can drain out of the market faster than I can think of a simile. Mighty fast!

And yet our American cousins are displaying the temperement of a loyal dog. Momentarily cowering after a good slap from Bernanke only to bound upwards at the sight of so much as one good earnings figure. Go figure.

Call it the Dow, call it Wall Street, call it up, call it down, call it what you want: but you can certainly make money out of Uncle Sam's favourite stock exchange. Visit ChoiceOdds.com and make it happen.

In the last three years, the DOW hasn't risen for more than 8 consecutive trading days.

$1,000 invested in the DOW in 1982 would now be worth $14,945. That is a rate of increase 6.99 times greater than inflation over the same period.

27th February this year saw the DOW fall 412.66 ticks. This was the largest fall since 12th March 2001 and only the seventh fall of more than 400 points in a day since 1929.

The average American eats peanut butter once a week, can name all three Stooges, has fired a gun and thinks Europe is a country.

Back to "Articles"

Open Account