Daytrading to earn a living: Napoleon Bo..Na..Parte & Bastille fallen.

Friday, August 10, 2007

Napoleon Bo..Na..Parte & Bastille fallen.

The logo of BNP Paribas.
Eurozone's second biggest bank by market capitalisation.

Suspended three of its fund:-

1) Parvest Dynamic ABS

2)BNP Paribas ABS Euribor

3)BNP Paribas ABS Eonia

Valuation of the funds would resume

as soon as liquidity returns to the market.

Subprime mortgages are the riskiest property loans often extended to people who have payment difficulties or bad credit history.

The fall of Bastille on the 14.7.1789.

French Revolution:- political upheaval between 1789 - 1799. (10 years duration)

French financial crisis:-1783 -1788.

France buildup enormous debts by participating in the 7 years war and American Revolution.

John Trumbull's Declaration of Independence showing 5 men committee in charge of dropping the Declaration in 1776 as it presents its work to the 2nd Continental Congress in Philadelphia.A victory on the battlefield in 1787.

American Revolution refers to the period during the last half of the 18th century in which the 13 colonies that became the United States of America gained Independence from the British Empire.American War of Independence:-1775 and 1783.

The red area is the area of the 13 colonies open to settlement after the Proclaimation of 1763. British claim red and pink areas. Spain rule the orange.

The 13 colonies rebelled against British rule in 1775 August 22.Thereby proclaim independence on July 4,1776.

Is BNP Paribas stands for Napoleon BoNaParte............?

Stocks mixed after the Fed adds liquidity buying USD 38billion in assets.

On Friday the DJIA open +0.14 and did not gap down like previous session so it's a good sign that there's still life in the market.It's not going to sink further like the "Titanic." Even the captain cannot help much.