Posting of Real-Time Trades and a VERY SIMPLE technique that makes TRADING SIMPLE!!!
Saturday, April 12, 2008
Question John
I'm thinking that SKF is the better play than the miners next week?? Whatta ya think?? I'm thinking of taking a VERY HEAVY SKF position but i'd have to sell some Yamana to do so!!
I don't know. Two realities are in play. One reality is, the banks are screwed, busted, bankrupt, insolvent, etc. The other reality is, the Fed has put an explicit floor under the stock market in general, and the banks in particular. Once the Fed achieves the authority to in effect borrow from itself and leave the US taxpayer on the hook for it, the bottom is in. Money won't be worth anything, but there will be plenty of it, and stocks will rise.
As desperation in Congress becomes more severe, the Fed will be given whatever it wants. I expect the dollar to be shredded, after some intervention attempts by ECB and BOJ. The only question that remains for me is one of schedule.
There is the real reality an there is the perception of reality. I will feel more comfortable when the news really comes out.
I enjoy trading SKF, but I play it very conservatively....keeping my money at risk for very short periods of time. Sometimes 30 minutes and pull off 1%. C notes baby...C notes. ;)
We dont live in a free market and I dont like that.
If it wasn't for the Fed, and the fed's, I'd have put put half my money in SKF & DXD and let it ride.
But going beyond how it affects the markets, here is perhaps the scariest article I have read in some time: http://www.silverbearcafe.com/private/4.08/bailout.html
I don't know if any of you guys read Jim Sinclair's stuff but this is what he has been saying will happen, jsmineset.com - Don't let some of the corny language disuade you from the overall message.
4 comments:
I don't know. Two realities are in play. One reality is, the banks are screwed, busted, bankrupt, insolvent, etc. The other reality is, the Fed has put an explicit floor under the stock market in general, and the banks in particular. Once the Fed achieves the authority to in effect borrow from itself and leave the US taxpayer on the hook for it, the bottom is in. Money won't be worth anything, but there will be plenty of it, and stocks will rise.
As desperation in Congress becomes more severe, the Fed will be given whatever it wants. I expect the dollar to be shredded, after some intervention attempts by ECB and BOJ. The only question that remains for me is one of schedule.
What notnow says....
There is the real reality an there is the perception of reality. I will feel more comfortable when the news really comes out.
I enjoy trading SKF, but I play it very conservatively....keeping my money at risk for very short periods of time. Sometimes 30 minutes and pull off 1%. C notes baby...C notes. ;)
We dont live in a free market and I dont like that.
If it wasn't for the Fed, and the fed's, I'd have put put half my money in SKF & DXD and let it ride.
But going beyond how it affects the markets, here is perhaps the scariest article I have read in some time: http://www.silverbearcafe.com/private/4.08/bailout.html
I don't know if any of you guys read Jim Sinclair's stuff but this is what he has been saying will happen, jsmineset.com - Don't let some of the corny language disuade you from the overall message.
That article again, broke up the link so just recombine it:
www.silverbearcafe.com
/private/4.08/bailout.html
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