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Time to laugh
A very successful stockbroker parked his brand-new Mercedes in front of his office, ready to show it off to his colleagues. As he got out, a truck passed too close and tore off the door on the driver's side. The stockbroker immediately grabbed his cell phone, dialed 911, and within minutes a policeman pulled up. Before the officer had a chance to ask any questions, the stockbroker started screaming hysterically. His Mercedes, which he had just picked up the day before, was now completely ruined. When the stockbroker finally wound down from his ranting and raving, the officer shook his head in disgust and disbelief. "I can not believe how materialistic you stock brokers are," the cop said. "You are so focused on your possessions that you don't notice anything else." "How can you say such a thing?" asked the stockbroker. The cop replied, "Don't you know that your left arm is missing from the elbow down? It must have been torn off when the truck hit you." "My God!" screamed the stockbroker. "My Rolex!"
The joke while funny captures the what's in it for me attitude that we have all been living with for the past several years/Adam.
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4 thoughts on “Are you confused with last weeks market action?”
WE AL COMPLAIN WITH MARKETS GOING DOWN HITTING STOP LOSSES ALONG THE WAY, MY QUESTION THIS MORNING HOW ELSE WILL WE BE ABLE TO MAKE MONEY IF MARKETS DIDNT COME DOWN AND WE NOT ABLE TO BUY BELOW.
I dont think it is all that confusing.. it is clear the FED wants to crush the dollar and raise the debt levels of our country...
Crush the US Dollar and Increase the Debt?
I asked in one of my earlier posts if the US Dollar has bottomed or will the US Dollar crash? What I find fascinating… is that common logic …that the US Dollar should have gotten crushed over the weekend. Well it is 5 am and I am drinking my coffee and looking at the CME Globex…and yes the US Dollar is down…but not CLOBBERRED?
Aren’t we all in this together? Isn’t Western Europe having the same issues as the US? One can’t miss the news and see that Russia closed their markets...eventhough they rebounded almost 25% with last weeks feel good rally.
I assume the US Dollars problem is everyone’s problem.
It is clear the Fed is trying to restore confidence, but it is not rocket science to realize that spending $700 billion dollars on tainted all flavored mortgages and $400 billion on money market funds will boost the national debt even further and put us more into debt.
It is PRINT AND TAX time!
Isn’t or Wasn’t the US Dollar the BASTION of security? Maybe it still is regardless of the fact of all our economic problems. It is extremely unsettling that people who paid their bills ..Saved their money in US Dollars and now stand the potential of losing purchasing parity due to the GREED of Wall Street and the banks.
Where were the regulators restricting banks from lending to speculators who would buy a house with no money down…and look to sell it to potentially other investors?
Ok …let’s say the regulators missed that… which is possible... If someone wants to make a stupid loan… Ok great…that is their issue.. But why should we the tax payer, the hard working saver have to bail the banks out for their GREED?
The dollar fell against 14 of the world's most-traded currencies on Sept. 19 when the FED unveiled their restructuring plan. The feel good rally of the Standard & Poor's 500 Index of 4 percent maybe was just that.
But for who?
I will feel good once we have a strong nation again and a responsible govt who supports the US dollar instead of bailout for the most stupid bankers of this century (probably all time).
How many of you realize that this unprecedented government intrusion into the markets will increase the US debt ceiling by 6.6 percent to $11.315 trillion.
Another nice thought in order to protect our money and hoping to get a return of money……not a return on money.. …that just by putting our money in short term US govt interest rate vehicles we are losing money due to inflation and taxes.
Will the Feds plan end the US Dollar rally that began in June and drove the U.S. currency up 10 percent versus the euro, 2 percent against the yen and almost 13 percent compared with Brazil's real? I have no idea…However. I would not be surprised if people start looking at the Brazilian Real which has a higher interest rate and in many ways a self sufficient economy.
My Investors Place
Where do you think the EURUSD stands on the 24 of sept?
A TRADING STRATEGY IS A REPEATABLE SET OF RULES.
Investing would be easy if one master investment plan could be followed by all individual investors. However, no two investors are alike either in terms of personality or in their own financial situations. A master plan simply will not meet your individual needs. Instead, it is necessary for you to tailor your investment plan based on your own personal investment profile. To do that, you need to understand how the various aspects of your personal profile can affect investment decisions.
thank you adam for a very good post.
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