Greed and Fear
Stock market trading can be very profitable but if not mastered correctly can lead to heavy losses and the loss of ones own capital. Various psychological factors can affect the way one trades. The most predominant ones are ‘greed’ and ‘fear’. Greed kicks in when your system directs you to exit a trade but rather than exiting, one remains in the trade with the hope of closing the trade at a better price. On the other hand, fear is also a very dangerous factor which can lead to exiting trades when the time is not right, or exiting trades too early.

The best way to keep these feelings away is only one – follow your system vigorously. In order to fully trust a system, it would first need to go through a lot of testing in order to seed in one’s mind the thought that the system works and is completely reliable. It is only when one is convinced of this that when the feelings of ‘greed’ and ‘fear’ rise, they are controlled and ignored.

CFD Trading
One very interesting way of trading is CFDs (contracts for difference). Rather than buying and selling the actual shares, one would enter into a contract with a broker to buy or sell a particular share at an agreed price. The price would still be the market price at the current time, and the speed of transactions is similar to the speed of actually trading the shares, i.e. a few seconds. One of the advantages of CFDs is ‘trading on margin’. Some brokers offer very competitive margins where, for example, with a capital of $20,000, one could trade shares for a total of $100,000. This can be very dangerous and is only advised to the professional market players.

Technical Analysis
Hundreds of technical tools exist for traders. Various software systems can display a stock’s chart in real time, enabling you to draw trending and trading lines, include calculations like moving averages and ratios, and some can even predict the price based on a combination of factors and previous training and testing cycles.

Charts
Charts are a must for most stock traders. A chart tells the story much more than words do. By looking at a chart, a professional trader can diagnose the condition of a particular stock, just like a doctor does with his patient. Adding some analysis tools to a chart can further help in understanding what is going on with a particular stock.

On charts one can determine whether a stock is overbought or oversold, whether a stock is reaching a support or resistance level, is heavily in demand and short of supply or vice versa. As a result of these factors and many others which one can include in a system, a decision to buy, sell or exit trades can be taken.

Located at 11 Wall Street this works as the backbone of New York’s economy. It is also called the “Big Board” and let me tell you, it is the largest stock exchange in the world by dollar volume and it has 2,764 listed securities and that is the second largest number of securities that a stock exchange holds in the world. The share volume of New York Stock Exchange was exceeded by that of NASDAQ during the 1990s, still New York stock Exchange comes up to be the largest and biggest financial hub of the world, definitely with London Stock Exchange and Tokyo Stock Exchange to compete with. NYSE Euronext operates the New York Stock Exchange, which is a result of the merger of Archipelago Holdings and Euronext. This momentous place has only four rooms for deciding the fate of the world. There is another trading room located at 30 Broad Street but that was closed recently in February 2007.

The main building of NYSE was made a National Historic landmark in 1978, which is located at 18 Broad Street between the corners of Wall Street and Exchange Place. New York Stock exchange was established sometime around 1792 as a result of the Buttonwood Agreement that was signed by 24 stockbrokers outside 68 Wall Street under a Buttonwood tree which was the site of the stockade fence earlier. In March 1817, it became a proper organization that drafted a constitution and named itself New York Stock and Exchange Board. Anthony Stockholm became its first president. This is how New York Stock Exchange started with only 24 stockbrokers and now it is world’s largest stock exchange.

It provides efficient methods for people to sell and buy shares of stock of companies, which are registered for public trading. It provides the discovery of a price so that the fairest price can be chalked out for both the parties. Since January 24th, a new system of Hybrid market has come to the fore wherein the trading, routing of stocks and execution can be done electronically except for very high priced shares or deals but on the trading floor there is a lot of human interaction and it is a place where people are always busy since they are constantly making decisions, constantly executing expert judgments. There is not a specific place where a listed stock can be traded or a stockbroker can trade. Exchange members who are interested in buying or selling gather around a specific stockbroker who is not a direct employee of NYSE but is employed by an NYSE member firm. He auctions in an open outcry and gets the buyers and sellers together. So this is just little information that I could give about the historical New York Stock Exchange.

New York University

New York University is the much sought after University for the teachers as well as the students. It is the place to know more, experiment with ideas and give more flexibility to your thoughts. This is the place to be for all the academicians and intelligentsia and they are already there. Its campus is situated in the Greenwich Village section of Manhattan. It was founded in 1831 and is a private, nonsectarian, coeducational research university that was founded in the interest of those people who are interested in higher learning. It has a student count of around forty thousand who are a part of the fifteen schools, colleges and divisions occupying six centers across Manhattan. It facilitates its students to go out and study abroad in London, Paris, Prague, Berlin, Madrid, Accra, Shanghai, Florence and even Singapore now is added to the list. United Arab Emirates has also opened avenues for the students of New York University to come and study in Abu Dhabi that would be funded by the government of United Arab Emirates. It has been the Numero Uno dream school of America for four years consecutively now according to Princeton Review. It has been the alma mater and work place for 31 Nobel Prize winners, 9 national Medal Of Science winners, 2 Pulitzer Prize winners, 19 Academy award Winners and many more like Emmy, Grammy and Tony award winners. In spite of being a very urbanized campus it still has student bodies, in fact the very first student fraternities in the country were established in this University.

The mascot of the school is a “bobcat” and almost all the teams participate in the University athletic Association. The university was established when the residents of the city felt that the place needs an institution for their children to go and get education from, which would educate them without any class, caste or creed in mind; the admission to the university would be totally based on the merit of the student, that is when the New York university was established. The logo of the university is an upheld torch, which is derived from the Statue of Liberty and that was designed in 1965. The campus, cultural setting and environment of the University add to its appeal. It has a heritage that can be boasted of and it is on its way to create history.

This is the least I could write about New York Stock Exchange and New York University but I am hoping that those who were not interested and were not too keen to know about these two milestones in the history of New York would certainly want to know more about them, after reading the article.

In an effort to tackle a projected budget deficit of $540m (£293m) next year, the city’s metropolitan transportation authority has placed advertisements seeking sponsors for trains, stops and lines.

Commentators suggested yesterday that commuters could end up travelling on the Verizon “V” train to stations such as Dairy Queens Plaza.

Among the famous names up for grabs is the Lexington Avenue express line, which may be of interest to the auto manufacturer Lexus. The chocolate brand After Eight could be a buyer for 8th Street station, while David Beckham may regard Brooklyn Bridge station as a vanity purchase for his eponymous young son.

An MTA spokesman said the authority had sent out a “request for proposals” to interested parties.

Any sponsor would reach a vast audience - more than seven million people use New York’s transport network daily. The city’s subway has 277 stations and will celebrate its centenary this October.

The idea is in keeping with an enthusiasm for sponsorship from New York’s commercially minded mayor, Michael Bloomberg, who has faced criticism for deals such as a five-year, $166m, arrangement allowing Snapple to sell its soft drinks in schools.

Critics described the subway proposal as a sponsorship deal too far. Gary Ruskin, director of the pressure group Commercial Alert, told the Guardian that stations ought to be named after Martin Luther King or Thomas Jefferson, rather than “Martha Stewart and Philip Morris”.

“The names of our places represent our values and aspirations,” Mr Ruskin said. “How are we going to explain to our children that we’ve named Church Street after Citigroup?”

The London Underground pondered a similar idea in 1995, prompting suggestions that the rights to Knightsbridge station could be sold to Harrods. But the proposal was never pursued and an LU spokesman yesterday ruled it out: “We have to consider our brand and London’s heritage.”

The main highlight of the garden is A World of Plants - an exhibition of the world’s ecosystems, from dripping rain forest to dry desert in the Enid A Haupt building, a lovely Victorian crystal conservatory near the main entrance. Recent seasonal exhibitions included Caribbean Gardens: Journey to Paradise.

Take a half-hour tram ride past tulips, peonies, lilacs and magnolias and breathtaking areas such as the Palms of America Gallery, with 100 palms reaching to the sky in a glass dome. Visit the Peggy Rockefeller Rose Garden with over 2,700 bushes, the lively Jane Watson Irwin Perennial Garden and the alpine Rock Garden and its waterfall to get a fair sense of all that it offers.

The Everett Children’s Adventure Garden is a great outdoor science experience for kids. Other program include dance and puppet shows and music concerts. International visitors won’t be able to take advantage of the plant sale, but the Garden Cafe’s terrace is a good place to absorb the garden’s atmosphere.

Charmed by exhilarating activities like skiing, fishing, hunting, camping, and hiking? Satiate yourself at the famed resort destinations of Adirondack Mountains and the Catskills. Don’t miss the Adirondack Park, the biggest state park in the US.

The Finger Lakes

Excellent sightseeing options adorn this mesmerising area of 11 long thins water bodies offering a world of elating waterfront action.

Saratoga Springs

Try out your luck on horse racing or simply watch adrenalin pumping summer polo matches and harness racing. In fact, those booking airline tickets to New York during the months of July and August can treat themselves to the sight of America’s most prized horses setting the track on fire. To capture some haunting old world charm, take a stroll through one of the cities dotted with Victorian mansions.

New York State Museum

Walk backwards in time at the New York State Museum, the oldest as well as the biggest one in the country. Prepare yourself for the stunning life of Native Americans captured through stunning life like dioramas.

National Baseball Hall of Fame and Museum

Check out on the legends of baseball at Cooperstown’s National Baseball Hall of Fame and Museum. If in the mood for some souvenir shopping, indulge yourself at the numerous memorabilia shops.

Hunter Mountain

Go skiing at the Hunter Mountain ski resort, reputed to be the snowmaking capital of the world. Choose from over 50 trails spread across three mountains.

Shopping

You will be spoilt for choice! It is said that a New York trip remains incomplete without some retail therapy at Bloomingdale’s, Lord and Taylor, and Saks Fifth Avenue. Further hotspots are Macy’s and Woodbury Common. While Macy’s is called the world’s largest store, Woodbury Common holds the honour of being the largest discount designer outlet on the planet.

Cuisines

The more said the less. New York City, with its tremendous expat population is teeming with restaurants and eateries. Be it Indian, Italian, Greek, Mexican, or Chinese, be rest assured that the city has enough choice to serve every taste.

This being New York, that absolutely doesn’t mean that it happens any less frequently than it did. (My unscientific research suggests that it is being flouted in 100 per cent of cases.) But it is another small, insignificant sign of a crisis that is not insignificant in the least.

As well as the city’s own drought emergency - which also precludes much car-washing and, as it’s easy to discover by wandering a little too close to the meatpacking district at the moment, street-washing, too - 53 counties in the State of New York are under similar warnings, a pattern being repeated across the east coast. Reservoirs normally over 90 per cent full are down to 60 per cent and below. Thousands of rivers and wells across the country have run dry.

The United States Drought Monitor, which co-ordinates data on water shortage, has labelled every stretch of the east coast from Georgia to the Canadian border as undergoing “severe” or “extreme” drought. And the meteorological indications are that things will get worse: the reservoirs are half-empty, not half-full. As Peter Gleick, a water-resources expert from the Pacific Institute in California puts it: “A good spring rain will not solve this problem.”

The record-breaking temperatures that are roasting New York at the moment can hardly be helping. At Belvedere Castle, the towering mock-medieval edifice in Central Park where the city’s official temperature is registered, the 92F recorded on Tuesday afternoon was approached, as a mid-April high, only by the 88F recorded at the same spot 106 years previously. It is, in the words of Cole Porter, too darn hot.

That will pass soon enough: thunderstorms are forecast for the end of the week. But the underlying problem - the drought - will not. The reasons behind it may well be attributable to climate change, as researchers such as Mr Gleick argue, but something more mundane is also to blame: leaky pipes.

A report from the Environmental Protection Agency, leaked to the press last week, put the mismatch between actual and required spending on America’s networks of pipes, pumps, sewage works and reservoirs at tens of billions of dollars, and by 2019, if no action is taken, at $650bn: a gap an official was happy to concede was “staggering”.

In New York’s case, experts estimate that by the time the more-than-a billion gallons of water pumped into the city reaches its destination, a third as much again has already been lost, often through unrepaired leaks in the iron pipes which bring it from reservoirs in the Catskill Mountains. A few weeks ago, local authorities announced an expensive plan to use an unmanned submarine to patch holes in the Delaware Aqueduct, which carries more than half of the water from the Catskills to the city. It is currently leaking several million gallons a day.

There are politically strategic reasons for patching the holes, too. For many residents of upstate New York, the way the water is vanishing from their rivers and lakes is particularly aggravating when it is simply being lost on its way to the city (which, incidentally, doesn’t take any water from the vast Hudson river by which it stands). That is even more of a waste of water than presenting it, unasked-for, to the customers of New York diners.

The damage was thought not to be as bad as had appeared when the flames were rising before daybreak.

“Some events will be cancelled, but as long as there’s space and we can use it the services will go on,” the vicar bishop, Don Taylor, said. “But it’s just painful to see this church engulfed in smoke.”

The neo-gothic cathedral on the Upper West Side of Manhattan has enough floor space to accommodate Chartres and Notre Dame.

Church officials were worried about the fate of the Barberini-designed 17th and 18th century tapestries woven on the pope’s official loom.

“There was such a heavy smoke condition inside that the firefighters couldn’t see anything,” the New York fire commissioner, Thomas Von Essen, said.

“Thermal imagers allowed them to pinpoint exactly where it was and limit the damage.”

No one is thought to have been hurt in the building, which is visited by about 250,000 people a year for religious services, concerts and cultural events.

Work started on the cathedral in 1892 but, for lack of funds, it is still far from completed.

Its famous visitors have included Martin Luther King Jr, the Dalai Lama, Mother Teresa and Bishop Desmond Tutu.

Duke Ellington performed his Sacred Concert there in 1968.

The Film Society of Lincoln Center delivers to a broad and diverse film-going audience a 363-day season that includes premiers of new films from established and emerging directors all over the world; major retrospectives of film genres, actors, and directors; in-depth symposia and conferences; and high-profile events spotlighting cinematic events and legends. The Society runs a year-round cinema, the Walter Reade Theater, which seats 268 and features state-of-the-art films. It also publishes the most respected cinematic journal in the country, Film Comment. Each year the Society puts on an annual Gala Tribute honoring legendary celebrities and industry leaders, televised from Lincoln Center’s Avery Fisher Hall. The Society also hosts an annual Young Friends of Film Honors celebration paying tribute to a notable artist midway through their career. At various times of the year Hollywood studios partner with the Lincoln Center to present special live appearances, concerts, and gala premieres.

Each year the Film Society welcomes an audience of more than 200,000 moviegoers, filmmakers, and industry leaders from around the world, representing every age, nationality, and economic and ethnic group. Because of its reputation as a pioneer among film institutions, the Society has become one of the film world’s most respected and influential purveyor of cinematic discoveries and trends. Since its inception, virtually every major director in the world—including the likes of Martin Scorsese, Francois Truffaut, Jen-Luc Godard, and Pedro Almodovar—has been introduced to American audiences by the Film Society of Lincoln Center.

This year the New York Film Fesitval will be celebrating its 43rd year of showing the newest and most important cinematic works by directors from around the world. The festival begins on September 23 and runs for 17 days, showcasing an impressive array of inspiring and provocative cinema created by first-rank international artists and emerging talents. This year’s extraordinary program presents George Clooney’s “Good Night, and Good Luck” as well as Phillip Seymour Hoffman as Truman Capote, and lots of other gems. The festival is being sponsored by HSBC Private Bank, the New York Times, and Audi, and ticket sales to the general public will be available from now until the first day of the festival.

After the woman let him into her apartment, the fake fireman pulled a handgun. Covering her face with a chemical-soaked rag, the man then bound her hands and feet with duct tape. Over the course of the next 12 hours, the man repeatedly assaulted her sexually while videotaping himself. He forced the woman to try on clothing and shoes so he could photograph her in them, but he was careful to use latex gloves, throwing them into a trash bag he had brought with him. The woman regained consciousness several times during the attacks, but the man quickly drugged her again.

While the ordeal was taking place, real New York City firefighters responded to several emergency calls from other residents of the apartment building who had smelled the smoke and discovered the fires, which were extinguished quickly. Some residents even tried to evacuate the building. One of those residents told reporters that he knocked on the victim’s door to alert her to what was going on, but there was no answer. The building superintendent said that also during the attack, several of the victim’s came to her apartment to pick her up so they could all go together to a party, but when there was no response to their knock, they left the building.

Police said that the attacker left around dawn Tuesday morning. When the woman came to, she was able to free herself from her bindings and dial 911 for help. Officers were able to find the gas mask the fake fireman wore over his face, but very few other clues. The Daily News reported that the victim is worried about the attacker having stalked her because he knew some personal details about her life.

Mayor Michael Bloomberg calls the strike “cowardly,” and immediately put an emergency plan into effect to alleviate the gridlock caused by the strike. He added that a strike by transit workers during the busiest time of the year is “illegal and morally reprehensible.” More than 7 million people ride the subways and buses every day during a regular week in New York City, but that number is greatly increased this time of year. The walkout could cost the city as much as $400 million a day, and will cause untold repercussions for businesses at the height of the shopping and tourist season.

There hasn’t been a citywide transit strike in New York City in more than 25 years. Because it is illegal for mass transit workers to strike in New York, the bus and subway employees who are striking—over 33,000 employees—will face huge fines for participating. Peter Kalikow, the head of the MTA, calls the strike “a slap in the face” to all New Yorkers. State lawyers are headed to court today to block the walkout, which was called by the union just three hours after a midnight deadline. Toussaint said the proposed new contract with the MTA should have been a “no-brainer,” and the union feels the strike is justified.

Bloomberg is urging New Yorkers to make arrangements to carpool, walk, or ride bikes to work, or work at home if possible. Meanwhile, New York yellow taxis are attempting to help ease the congestion on city streets by taking up to four passengers at a time. Many people are having trouble understanding the new pricing structure for taxis implemented by Bloomberg, with the city divided into zones. Manhattan has been divided into four zones, with a $10 fare per person for travel within a single zone and an additional $5 for traveling into another zone. The confusion hasn’t impeded the demand for taxis this morning, though. A line of yellow cabs circles the block outside Penn Station, with drivers and hopeful passengers screaming out locations, hoping to match up with other people heading to the same locations so they can share rides.

One subway booth in New York City has a sign posted saying, “Strike in Effect. Station Closed. Happy Holidays.” Obviously city transit workers aren’t interested in peace and goodwill to all men. No matter how angry they are about the impasse with the MTA, it’s a sad day indeed when they let their acrimony ruin the holidays for the millions of people who are responsible for them having jobs in the first place.