Folks let me start by saying this is just crazy. The intervention into the markets is nothing further from Capitalism, which I thought the USA was based upon. The crazy acts that are being implemented by the FED and SEC is totally communistic and down right irresponsible to the tax payers.
I wont rant on about all of this because I am tired but all of this is going to end really bad when all is said and done. As usual it is a band aid on the problem of greed and self interest that plagues Wall Street.
On the matter of no shorting by the SEC, I have one point to make. Ok we shouldn't short therefore we should just buy, why not just make it extreme and make it be we must only buy and never sell any stock we buy. I mean this is just crazy!!!!!!! I think there are some people who think this will make the DOW reach 30000 but let me tell you a little story, if the DOW ever reaches 20000 which I think it will never the US Dollar will be worth 30 cent to the Euro, so it mean nothing in real purchasing power that your stocks are all all time highs.
I think we are heading to a very very dark place when all of this plays out and will only create another bubble and deflation YES deflation when it is all over. Now folks dont get it twisted this is all a political move because the election is in a few weeks and nothing more and the underline problems of the market will remain.
I hope I am wrong but sorry I WON'T BE...
With the news this evening, we should gap up huge and have alot of shorts covering going into the weekend, but I have one thing to say and that's it. They thought it was the bottom when they intervened in Bear Sterns, they thought is was the bottom with Fannie, they thought is was the bottom in Lehman, now they will think this is NOW the bottom again. This time their is no bullets left and the next time we sell off there will be no saving us.....
For now it was a good call yesterday to get out of all the shorts. Actually one hell of a call maybe the best I have made but we will see how far up they push us.
Have a great trading day tomorrow
MARKETJEDI
skip to main |
skip to sidebar
Follow an unbiased Financial Trader (MARKETJEDI)-
Please Read
The information posted on this blog should NEVER be taken as advise to buy or sell securities, options, currencies or futures. This blog is for my entertainment only, as I map out my feelings about the stock, options, futures and currency markets.
You should always make your own trading an investment decisions after you carefully think through the risks involved.
You should always make your own trading an investment decisions after you carefully think through the risks involved.
Purchase a class here
Marketjedi Search
Open plays
Subscribe by E-mail
Latest Posts
Blog Archive
- ► 2012 (183)
- ► 2011 (432)
- ► 2010 (368)
- ► 2009 (873)
About Me
- MarketJEDI
- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
blogpatrol
Marketjedi, in reliance upon the "publisher’s exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940, is designed solely to provide subscribers and/or prospective subscribers with a method to evaluate and obtain general information on market analysis, current events, trade methodology, and other related information. Recipients of this e-mail message/ blog do not receive investment reporting, investment supervisory or investment management services, nor the ongoing review or monitoring of an individual investment portfolio.
The information contained on this blog or in e-mail messages are intended only for the personal and confidential use of the recipient(s) named above. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message.
MARKETJEDI is an information service for investors/ traders and is not a recommendation to buy or sell securities, nor an offer to buy or sell securities. The publishers of the Notes are not brokers and are not acting in any way to influence the purchase of any security. The information provided is obtained from sources deemed reliable, but is not guaranteed as to accuracy or completeness. Marketjedi himself or his investor, are not liable for any losses or damages, monetary or otherwise, that result from the content of Email.
The publishers recommend that anyone trading securities should do so with caution and consult with a broker before doing so.
Past performance is not indicative of future performance. Securities presented in Marketjedi’s email and website should be considered speculative, with a high degree of volatility and risk. Any REDISTRIBUTION of the above information, without prior written consent from MARKETJEDI or Owners is STRICTLY PROHIBITED.
The information contained on this blog or in e-mail messages are intended only for the personal and confidential use of the recipient(s) named above. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message.
MARKETJEDI is an information service for investors/ traders and is not a recommendation to buy or sell securities, nor an offer to buy or sell securities. The publishers of the Notes are not brokers and are not acting in any way to influence the purchase of any security. The information provided is obtained from sources deemed reliable, but is not guaranteed as to accuracy or completeness. Marketjedi himself or his investor, are not liable for any losses or damages, monetary or otherwise, that result from the content of Email.
The publishers recommend that anyone trading securities should do so with caution and consult with a broker before doing so.
Past performance is not indicative of future performance. Securities presented in Marketjedi’s email and website should be considered speculative, with a high degree of volatility and risk. Any REDISTRIBUTION of the above information, without prior written consent from MARKETJEDI or Owners is STRICTLY PROHIBITED.
No comments:
Post a Comment