As a general statement, the class explains Chapter 2 "Understanding the Movers"
of the book "Inside the mind of an active Trader" by Michel Turcotte.

All classes are presented with a strong focus on explaining why
it matters to us, to each of the students.

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Class #1  "The Fed" Part 1of2
- Short introduction of Michel Turcotte
- Explaining the role of the US Federal Reserve System (aka "The Fed")
  with relationship to inflation, the price of gold, equities and the general
  influence and imbalances it creates in the Marketplace (Mortgage Back Securities,
  Bonds prices, Bond rates).
- Q&A
  Reference:  "Inside the Mind of an Active Trader"; Chapter 2 Section 4

Class #2  "The Fed" Part 2of2
  (continued from week #1)
  1) US Federal Reserve System is an "independent" government entity
     (like DOJ, EPA, FDA, etc.) (ref: Wikipedia)
  2) Fed deposit rate  (The Bank of the Banks)
  3) Printing physical bills
  4) electronic money
  5) monetary injection
- Why Bond prices go down when bond rates go up and why it matters (0h40)
- Clarify that Electronic money gets "printed directly" bypassing the US Tresury print press
- Revisite that the Fed rates prevents the free market from balancing itself
- Q&A
  Reference:  "Inside the Mind of an Active Trader"; Chapter 2 Section 4

Class #3 "PEs"
- Q&A on previous class about the Fed & printing money
- Explaining all forms of PE ratios (PE ttm, PE+1, PE+4, Adjusted PE)
- Explaining the relationship between PE ratios, growth companies, dividend
- Q&A
  Reference:  "Inside the Mind of an Active Trader"; Chapter 2 Section 6
  1) Earnings
  2) Price
  3) PE's units = Years
  4) E/P = 1/PE = rate
  5) PE-4, PE+4, PE+1, adjusted PE
  6) Examples
  7) High PE = Buble indicator

Class #4 "Follow the Money"
- Q&A on previous class
- Examples
  1) Fed Monetary injection->Bonds,MBS->Financial institutions->Stocks,Loans->Individuals
  2) Economic fear->Gold,Bonds,Safe assets
  3) Inflation->Commodities,Gold,Stocks,Financial institutions
  4) Deflation->Cash,Hard assets
  5) Jobs (tradingeconomics.com/united-states/jobless-claims) (adpemploymentreport.com/)
- Q&A
  Reference:  "Inside the Mind of an Active Trader"; Chapter 2 Section 5

Class #5 "Follow the Growth"
- Q&A on previous class
  1) Explaining the relationship between PE ratios vs growth companies & dividend (1h30)
  2) Example of adjusted PE for growth companies
  3) Stay away from declining company
- Q&A
  Reference:  "Inside the Mind of an Active Trader"; Chapter 2 Section 5

Class #6 "Waves"
- Market volatility, VIX index (30 days Options prices)
  1) Explaining why markets fluctuate
  2) PE valuation  (multpl.com)
  3) Consumer Confidence index, (http://www.sca.isr.umich.edu/)
  4) fear index (^VIX)
- Q&A
  Reference:  "Inside the Mind of an Active Trader"; Chapter 2 Section 1
  Video of the week:  http://www.bloomberg.com/video/bull-market-why-barclays-sees-it-waning-J0rF_O5LTKCOWyjfbiIaoQ.html
		http://www.bloomberg.com/video/maersk-raises-full-year-forecast-as-traffic-grows-QkLPtPJGTa~SUIR97~YzyA.html
  Question:  Why is Burger King buying Tim Horton?
  Question:  Why is the 10y Tresury Note down to 2.39%?
  Chart:  http://classes.win-hand.com/MT Economic Class/2014Aug26DEdown.gif
	  http://classes.win-hand.com/MT Economic Class/BigChart2014Aug20.gif

Class #7 "Equilibrium"
- Equilibrium, Offer and demand, inflation, optimism
- Explaining various kinds of Equilibrium, 4 year cycles, bubbles, etc.
- Q&A
  Reference:  "Inside the Mind of an Active Trader"; Chapter 2 Section 3
  Video:  http://video.foxbusiness.com/v/3751164607001/cbo-federal-debt-to-reach-74-of-gdp-in-fy-14/?playlist_id=937116503001#sp=show-clips
  Analyze the symbols:  AAPL, MU, AGNC, DE, AXL, TSLA, YUM, F, FN, BMO, MBT
  PE valuation averages around 15:  http://www.multpl.com
  Compare PE with TNX falling since the past year => Market is very high
  Which is better?   TNX at 2.38%  or  Stock at 5%  (1/20PE) ?

Class #8 "Watching the News, Large Q&A" & Class evaluation
- How to watch the financial news chanels, what to believe, what is important, etc
- Large Q&A
- Class evaluation

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Disclaimer:	NO stock or investment recommendations, NO exception, not even from a Q&A.
		This class is not about investing, it is about understanding your investments.

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Michel Turcotte,  2014 Jul 30