Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your 1 p.m. market update for Wednesday, the 14th of September.
Can you handle the truth?
Like a lot of folks, I love good movies. One of my favorite movies is, "A Few Good Men" starring Jack Nicholson and Tom Cruise. I was thinking this morning about Jack Nicholson's famous line from the movie, which goes like this: "You can't handle the truth!”
Now here is the reality... A politician can spin the truth about his or her record, WHY? To get reelected, of course. A CEO of a company can spin sales projections to pump his stock up, WHY? So he can receive a bigger year end bonus. The pundits who appear on CNBC and Fox business news can spin markets any way they want, WHY? To benefit their own vested interests in a market.
WANT TO KNOW THE TRUTH?
This is what I really like about the marketplace: It tells you the truth! It literally is a no spin zone. When you examine the recent downturn in the equity markets, the market was telling you that it did not believe in the policies of this current administration. Similarly, when Ken Lay and Jeff Schilling at Enron were telling everybody how good business was, the market exposed the truth on that bunch of crooks by sending their stock into bankruptcy.
So can you, as a trader, handle the truth? Does your political bias or a particular view of a market get in the way of your trading?
When you use a non-biased, objective approach like MarketClub's Trade Triangles as your trading foundation, you will find you can sweep aside all of the spin and BS. All you have to do as a trader is listen to the real truth, and that is which direction is the trend in the market.
Now, let's go to the 6 major markets we track every day and see how we can create and maintain your wealth in 2011. Continue reading "Can You Handle The Truth?" →