Black Thursday Trading Advice
I’m running on fumes due to a week of flying cross-country for business, but I thought I’d leave this trade for you readers.
Short the XLY this morning. This is the Select Consumer Discretionary Spider ETF which aims to track consumer discretionary stocks. Discretionary spending should fall as the state of the economy goes from bad to worse [...]
Indian Version of the Wall Street Crisis
I’m not sure where this originated, but I received this forward in my email today. A great explanation/analogy of the Wall Street Crisis.
Subject: wall street crisis
If anyone has difficulty understanding the current world financial situation, the following should help….
Once upon a time in a village in India , a man announced to [...]
Why You Should Stay in the Market Despite the Crash
What a Week!
The market had its 7th straight trading session of decline and is now at a low it has not seen in 5 years down 39% from its year ago peak. All 30 Dow components were down today. Bad news continues globally as the financial issues are showing up in Europe and Asia.
As Americans sleep [...]
