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Auction Market Trading
Financial Expert

Enter The 'Financial Expert'
As already stated, the financial news tends to report rumours, speculations and projections as facts. How does the media do this? Typically by quoting a guest "financial expert”. The media can always find some 'expert' who will say something hopelessly hopeless about anything. A recent occurrence of a self-styled “financial expert” appearing in the news is the case of Mr Alessio Rastani who appeared on the UK state-owned British Broadcasting Corporation (BBC) Business News on 26th September, 2011. In what now purports to have been an overwhelmingly successful PR stunt in which Mr Rastani made a number of contentious, albeit true, headline grabbing statements live on the programme with the aghast BBC Presenter, Martine Croxall, turning in astonishment to her co-host, fostering further hype to the controversial interview.









Mr Rastani supposedly skilfully orchestrated an appearance on BBC news on a day of “turmoil in the stockmarket”, with major indices violently ricocheting throughout the day. His statements included:

  • “The governments don’t rule the world – Goldman Sachs rules the world.”
  • "I go to bed every night and I dream of another recession..."

Additionally, in terms of market direction he added:


  • “The market is toast...the stock market is finished...”
  • “..in less than 12 months my prediction is that savings of millions is going to vanish and this is just the beginning”


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