Today Germany said the European debt debacle cant be a quick fix and markets tumbled.
Ladies and Gentleman the Europe debt debacle is lehman bros x 1 million.
Watch the hell out.
Short FXE, SPY, or any European bank you can get your hands on.
This is going to be nasty.
Monday, October 17, 2011
Thursday, October 6, 2011
Markets dont make sense: Redcoats are coming
Markets are crazy (200) one second up 200 another second. Always the explanation is some sort of b.s. report out of Europe.
Way I see it is 2012-2013 is repeat of 08-09. The redcoats are coming.
Europe is essentially broke with the exception of a few countries.
America is broke too, but we for some reason can print our own money like crazy. 50% of households rely on government assistance and real unemployment is probably 20%. 1/6 are on food stamps.
China is slowing down because they cant grow at double digit rates every year and wages are going up as the economy grows driving manufacturing to lower wage countries.
2012-2013 will mean the Euro crashing and the S&P going near 09 lows.
Way I see it is 2012-2013 is repeat of 08-09. The redcoats are coming.
Europe is essentially broke with the exception of a few countries.
America is broke too, but we for some reason can print our own money like crazy. 50% of households rely on government assistance and real unemployment is probably 20%. 1/6 are on food stamps.
China is slowing down because they cant grow at double digit rates every year and wages are going up as the economy grows driving manufacturing to lower wage countries.
2012-2013 will mean the Euro crashing and the S&P going near 09 lows.
Wednesday, October 5, 2011
Day Trading= Heart Attack
Day Trading is a bitch. You get stopped out then the stock runs. You have a good idea it then stops you out and next week it runs. The market goes up 400 points on some phony news.
The market is playing massive tricks on me. This thing is eating at my portfolio every day and does not make sense.
I guess I should assume that markets dont make sense at all.
Fact is macro events are lousy. No jobs in America, crippling debt here and overseas. Europe debt debacle will spread like a cancer. No one knows what is really going on in their bank balance sheets.
The market is playing massive tricks on me. This thing is eating at my portfolio every day and does not make sense.
I guess I should assume that markets dont make sense at all.
Fact is macro events are lousy. No jobs in America, crippling debt here and overseas. Europe debt debacle will spread like a cancer. No one knows what is really going on in their bank balance sheets.
Tuesday, September 20, 2011
Markets on Fire then slammed last hour
Market action is nuts. I still say Greece implodes and we are headed lower.
Friday, September 9, 2011
Wednesday, September 7, 2011
Stocks
Stocks are up today almost 300. I dont buy it. Will be back down with some bad news on Europe.
Tuesday, September 6, 2011
Stocks
The Dow came back from (300) to close (100). I guess there are buyers at this level, but macro events have not changed.
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