GoingInactive: No big deal, and as if it matters. Just a notation from of just one "a dust in the wind":)
Inactivity is forced on me by realizing the utter impossibility of trading without an online account PLUS BroadBand.
With WFR tonight it was going to up some or to down VICIUOSLY, if i had AH i could have going into earnings with a stop loss at 68 and then seeing move to 72, removed stop loss and unloaded at 75..xx , the point where it stabilized.
But i have no such ability.i am at a Huge Disadvantage to you online traders.
I have but a 1-800 phoneline with an overworked Broker.
Because he is such a great guy, and we get along so well(As he believes passionately Bush is an evil man--i need say no more about our compatibility) and tend to be extremely loyal so i gave this a try, dial up trading, and found it is IMPOSSIBLE, even for swing trading--which i do the most.
As much of Rural Maine has no DSL nor Cable Modem Internet service, it is a major drag.
But in the sale of Verizon to Fairpoint, it's O.K. is contingent on DSL being established from Bar Harbour to Castine( i live on Eggemoggin Reach) by March---but politics being what they are, they are still bickering, with greatest obstacle coming from the Verizon Union, that says they aren't assured FairPoint can supply rural Maine and survive.
So , as of now, my hands are tied.
i will be looking to find a 10% fixed income source in the interim, if any know of one they know to be rock solid let me know:)
PVX, that pays 14%, and i see coming off a bottom, but i need get facts on this company.
As Soros and Rogers see NO recession in Asia regardless of U.S. recession, i agree soon enough Crude will be having 100 as a support rather than a resistance.Peak oilist have saidONLY a severe major global recession can bring down oil. i do not see Asia collapsing economically, the demand for oil will keep increasing.
Soros and Rogers see mosdef a U.S.recession.
And it is Rogers that points out the China economy in no way is dependent on its stock market, the reverse of the U.S.
My last thoughts before , of no choice,i go silent, we have futures quite strong tonight, we could have gap up and run or a gap-up and fade.
If it is gap-up and run. The Big Boys have closed down there shorts and will momo run this market up to where they have placed their derivatives long.
And they have the power to run SPX to 1425 to 1453 area.
Gap-up and fade, the Big Boys are either losing control or they have more downside derivatives to clear out.
But whatever most all money is going in on a run will be momo money. All bear market rallies are momo rallies, and then the Big Boys shiftback to "let's run the market down"
Over the next 2 years Buy and Hold JQP, desperately in need f money for retirement will once again see there nest egg turn to dust.Thegreat shift of wealth from the many to the few will continue.
And all will get darker and darker.The american public is no more significant (though much much better paid) than the sugarcane cutters of Brazil, sooner or later reality will hit the middleclass american that he is naught but a well paid slave that is getting slowly bled dry by the vampiristic system they salute and vote for, the good old No Ethics No Morals Greedbased Capitalism of the Imperialistic Plutocracy.
But the middleclass will reject this as , in there ignorance, thisto them is subversive BS, they will never believe this until they know real pain, which the pain of poverty.
Then they will realize they were but big gullible chumps.
Later, Max, and out of here for sometime. Length unknown.
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The rebate is on the expectation that consumers will immediately use it to buy stuff and find themselves in debt unchanged.
But this time the consumer may just use to pay down debt or for or some, to buy needed food, or for others to just keep there gas tank filled, and thus we america keep are addiction to gasoline sustained, courtesy of UnCleSam.
This my last post until i do or do not get Broadbandservice. If i don't get it. What can isay?? Max |
