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Global Economy Bursting?

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He said put your money in gold or cash.
A lot of level headed people are saying the same thing.
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Then again, there's the potential of making money as we re-test the lows.
Inverse ETFs (and 2x-3x inverse) for the DOW, the Financials, etc.
If the DOW drops by 40% - typical % for most recessions........
 
Riick said:
Then again, there's the potential of making money as we re-test the lows.
Inverse ETFs (and 2x-3x inverse) for the DOW, the Financials, etc.
If the DOW drops by 40% - typical % for most recessions........
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Exactly my way of thinking.
 
Is anybody (workbox) fading the gap open on SPY? I just was doing a little research and it seems to be a 2% +/- play most days. 50% margin would bump the return to 4%, maybe with a 2% stop?

2-1 reward/risk with a 60%+ win rate...hmmm.

220 trading days +/- 135 wins for 4% 85 trades for (2%) 370% return. Not quite like trading futures but very good nonetheless. One could make a living with this setup on a relatively small account.

Just a thought, good luck to all!
 
Austin said:
[FONT=ARIAL,VERDANA,HELVETICA][SIZE=+7]LABOR LEADER CALLS FOR WAR ON REPUBLICANS
[/SIZE][/FONT][FONT=ARIAL,VERDANA,HELVETICA][SIZE=+7]It is funny how things happen in sequence. This weekend near where I live there is a huge four day flee market and gun show with over 100,000 attending. We went Friday. You can't imagine how many guns were for sale and I have never seen such prices. One out of 10 people was walking around with a rifle, pistol or shotgun they just purchased. I bought a double barrel 12 ga. The prices were out the roof but people were buying hunting rifles and shotguns.
This morning I decided I wanted another Marlin 22 rifle and went on line to the Marlin site. Every high caliber hunting rifle was out of stock. Only low caliber target rifles available.
Then this morning I read the above headline. Do you think these events could be related?
[/SIZE][/FONT]
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You must not have looked close or were looking at old models because there are plenty available.
 
DTB said:
Is anybody (workbox) fading the gap open on SPY? I just was doing a little research and it seems to be a 2% +/- play most days. 50% margin would bump the return to 4%, maybe with a 2% stop?

2-1 reward/risk with a 60%+ win rate...hmmm.

220 trading days +/- 135 wins for 4% 85 trades for (2%) 370% return. Not quite like trading futures but very good nonetheless. One could make a living with this setup on a relatively small account.

Just a thought, good luck to all!
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I got in at its initial rally start yesterday as I indicated earlier I would do. But I also know that it is still moving on low volume and the market makers can sell off and take profits while many get in to late.

We could open lower tomorrow due to Obama's speech and then rally the next day. If we do open lower I will add to my original entry shares from Tuesday and wait for a rally. Once we hit resistance, I will sell and short again and wait to go long based on the technical's. But I am trading a stock that is trading within $1.50 between support and resistance indicators. So if one works with 1,000 or more shares, the ups and downs can add to some nice profits. I wake up around 4am and check the Asian and Europe markets and the futures to see how they did and sometimes I can tell how we might open or close or how they do based on our market. Right now the Asian markets are faltering and I think Europe might do the same and we might also do the same in the morning and blame it on Obama Speech jitters.

But many indices are ready to break there resistance, but we need volume to really make a good break-out. But the trick is to find one or up to 5 stocks and trade them because after awhile you learn there trends. Yes, you can make some money, but depends with how many shares you work with. :beer:
 
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RE BofA, it's announced that it's splitting the commercial and retail banking operations. Further, they're closing some 600 branches and increasing overall layoffs to reduce overhead and increase capital.

Back Before Merger, BofA was a solid bank, conservative. After Merger with NCNB, total change. Looks like it may end up coming apart at the seams.
 
To go along with the bankruptcies of solar panel companies, the news just keeps getting worse for global warming hysteria, particularly California.


Study Discredits Global Warming, AB 32

http://www.calwatchdog.com/2011/09/07/22086/

Nature Journal of Science, ranked as the world’s most-cited scientific periodical, just published the definitive study on Global Warming. It proves the dominant controller of temperatures in the earth’s atmosphere is galactic cosmic rays and the sun, rather than man. These “settled science” results should serve as a basis for Californians to overturn the state’s radical and now wrong environmental legislation, AB 32, the Global Warming Solutions Act of 2006.

AlGore's Rebuttal

http://blog.algore.com/2011/09/wall_street_journal_gets_it_wr.html

September 8, 2011 : 2:17 PM

Yesterday's Wall Street Journal opinion page echoed FOX News with claims that global warming is caused by cosmic rays and not the 90 million tons of pollution that we are emitting every day. What they failed to mention is that the authors of the study made no such claims.
 
Randolph Kinney said:
Yesterday's Wall Street Journal opinion page echoed FOX News with claims that global warming is caused by cosmic rays and not the 90 million tons of pollution that we are emitting every day. What they failed to mention is that the authors of the study made no such claims.
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I'm assuming they are correct as Rupert had the scientists' phones bugged!
 
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