THEME: POLITICS & MONEY
One thing I learned in my 14 years on Wall Street is to keep politics separate from money-making. Money has no political affiliation. Simply put, always be a free agent so that you can follow the money.
So why am I shorting the market here? Is it revenge against W?
No, its because oscillators are way over-extended. I recognize the bullish trend here. How can one NOT recognize it. But, the market is in a state of panic here. So as a small fry, when the big guys panic, they need my puny liquidity.
W is good for the market because of his tax policy and possible "privatization" of Social Security. At least 1/2 of the population is feeling good right now, so thats just good enough to drive it higher for a while.
Don't fight the tape.
PS. The short dollar trade/long gold trade is working as planned.
PSS. The oil top I predicted 1 month ago, is now looking real.
One thing I learned in my 14 years on Wall Street is to keep politics separate from money-making. Money has no political affiliation. Simply put, always be a free agent so that you can follow the money.
So why am I shorting the market here? Is it revenge against W?
No, its because oscillators are way over-extended. I recognize the bullish trend here. How can one NOT recognize it. But, the market is in a state of panic here. So as a small fry, when the big guys panic, they need my puny liquidity.
W is good for the market because of his tax policy and possible "privatization" of Social Security. At least 1/2 of the population is feeling good right now, so thats just good enough to drive it higher for a while.
Don't fight the tape.
PS. The short dollar trade/long gold trade is working as planned.
PSS. The oil top I predicted 1 month ago, is now looking real.
posted by Johnny @ 4:50 PM
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